#middle east

Kyndryl

Here’s how Kyndryl is helping organisations reshape their digital strategies

With a new leader on board, Kyndryl aims to continue to invest in new capabilities and expand its partner ecosystem to help customers expedite their transformation journeys

Oil

Oil set to end volatile week below $100 on slowdown concerns

West Texas Intermediate tumbled below $91 a barrel on Thursday

Oil

Oil extends drop as concerns over economic slowdown grip market

Crude has tumbled since early June on escalating fears of a slowdown as central banks raise rates to combat rampant inflation

Al Othaim family

Saudi Al Othaim family scraps IPO of malls

Abdullah Al Othaim Investment Company decided to cancel the listing of a 30 per cent stake on the Saudi stock exchange

Oil heads for worst run of losses this year on recession concern

Oil fell about 8 per cent in June as investors fretted over a potential global slowdown

Brand Love 2022 Middle East's most loved brands

Nescafé, Lexus and Prada among the region’s most loved brands, reveals Brand Love 2022 report

Talkwalker and Hootsuite analysed consumer sentiment data for over 1,500 global brands to identify the Middle East’s ten most loved brands for the report

Sukuk

Sharjah’s Arada raises $350m via dollar sukuk, lists on London Stock Exchange

The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size

Middle East IPOs

Middle East IPOs on track for best ever first half as oil surges

IPOs in the Middle East have fetched $11.4bn in the first five months of the year

Beyond Technology

Beyond Technology invests in MEA and South Asian markets to support fiberisation projects

The company has signed service agreements allowing for 33 warehouse facilities across the region, including in the UAE, Saudi Arabia, Qatar and Oman

Vernost Dubai

Martech solution provider Vernost opens Middle East headquarters in Dubai

The Dubai office will be staffed by a combination of relocated Indian team members and locally sourced talent

OSS

What the billion-dollar OSS market means for software delivery in the UAE

Nearshoring – outsourcing service provision to another company in a nearby country is rapidly growing. Shankar Garg, MD, Xebia Middle East outlines why this is a game-changer in software delivery in the UAE

Emirates to add extra flights

Dubai’s Emirates to add extra flights, more seats across GCC, Middle East

Customers can purchase tickets on the carrier’s website, at its sales offices or via travel and online travel agents

DP World sees gross volume growth of 1.9% in Q1 2022

Gross container volumes increased by 1.7 per cent y-o-y on a reported basis, with Asia Pacific, Middle East, Europe and Americas driving volume growth

How empowering employees is key to ensure business survival

Employee empowerment can have a significant impact on employee satisfaction and productivity says Manikandan Thangaraj, vice president, ManageEngine

ADNOC, FAB execs named ME’s top brand guardian CEOs

Brand Finance named Middle East CEOs Dr. Sultan Ahmed Al Jaber, Hana Al Rostamani and Olayan Mohammed Al Wetaid in its Brand Guardianship Index

Binance

IN4X Global introduces cryptocurrency payment solution in the Middle East

IN4X’s platform, a quick, secure and easy-to-use payment processor and crypto payment gateway, will enable businesses to accept cryptocurrencies as payment

Ekar launches contactless peer-to-peer carshare in Saudi Arabia

The company’s digital peer-to-peer solution eliminates the requirement for the host and the renter to meet in person

Bitcoin mining giants eye Middle East, Europe for expansion

Bitcoin miners had been flocking to Texas for its low electricity prices and liberal regulations on crypto mining

How DIFX is bridging the gap between traditional and digital assets

With a growing startup ecosystem and tech-driven individuals, the Middle East region is on the verge of becoming a global fintech leader, says Jeetu Kataria, co-founder and CEO at DIFX

Lebanon-Beirut

Lebanon strikes $3bn IMF deal in step to addressing crisis

The IMF loan will be disbursed over four years in return for the phased implementation of an economic recovery plan

Here’s how advancements in robotics are driving micro-mobility innovation

Micro-mobility is playing a significant role in decarbonising transportation across the world, says Amir Melad, GM-Middle East at Tier Mobility

UAE’s GMG acquires Géant from Urban Foods by Dubai Holding

GMG has acquired 18 hypermarket and supermarket locations in the UAE plus exclusive rights to expand Géant operations across the Middle East

Data streaming platform Confluent opens Middle East headquarters in Dubai

The channel is an integral part of the company’s go to market strategy in the UAE

Huawei’s R&D investment soars to $22.4bn in 2021

The company’s total revenue in 2021 reached $99.9bn, and generated a net profit of $17.8bn

How Abu Dhabi is offering an expansive portfolio of affordable communities

The emirate’s sustainable communities come with high projected rental yields

How 2021 was a record year for M&A

Regional and global M&A activity witnessed strong growth last year

Reshaping the current technological paradigm

Shunli Wang, vice president of Huawei Middle East, tells Gulf Business about the upcoming headwinds that will impact regional governments, telecom operators, and the wider ICT ecosystem

How RFID is reinventing retail stores in the Middle East

Zebra Technologies EMEA’s retail industry director shares how RFID technology is playing a growing role in the omnichannel retail environment

Tier Mobility launches e-bikes in the Middle East

Bahrain is the first country in the Middle East to receive Tier’s e-bikes

The way forward for cryptocurrencies

The UAE has been one of the most welcoming regions to establish cryptocurrency trading agencies and other cryptocurrency verticals