by Jibran Munaf | October 19, 2024 | Retail
Lulu Group International, a leading retail giant in the UAE, is set to raise $1.7 billion to $1.8 billion by selling 25% of its retail arm and sourcing businesses through an Initial Public Offering (IPO). This move implies a company valuation of $6.5 billion to $7...
by Priyanka Sharma | October 18, 2024 | Gitex 2024, science, Technology
The Emirati Human Resources Development Council (EHRDC) and Dubai Customs have signed a Memorandum of Understanding (MoU) during GITEX Global 2024, marking a step towards promoting Emiratization in the private sector, particularly in logistics. This collaboration aims...
by Jennifer George | October 18, 2024 | Industry, News, Technology
On Thursday, Netflix published its earnings report for the third quarter. Contrary to market speculation, the online streaming giant saw the greatest success from advertising, with ad-tier memberships jumping 35% quarter over quarter. Netflix amassed a net income of...
by Priyanka Sharma | October 18, 2024 | Gitex 2024, Technology
Zayed University (ZU) and the UAE Cybersecurity Council signed a Memorandum of Understanding (MoU) at GITEX 2024 in Dubai, aimed at empowering young Emiratis with the skills needed to protect the nation’s digital landscape. The MoU highlights the shared...
by Jennifer George | October 18, 2024 | Industry, News, Startups, Technology
Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, has officially launched a TradeTech Accelerator, an innovative incubator designed to support startups developing advanced technology solutions for use in the trade sector. Forming one of the key pillars of the...
by Alifiya H Ujjainwala | October 18, 2024 | Banking, Industry, News, Technology
Mashreq, a leading financial services institution in the MENA region, is migrating critical databases to Exadata Database Service on Exadata Cloud@Customer as part of an expansion of its global collaboration with Oracle. A shift to a cloud database environment will...
