Wednesday 17 January 2018

Dafza opens Richemont operations centre

Dubai Airport Freezone Authority (Dafza) has opened Swiss luxury goods group Richemont’s new state-of-the-art operations centre. Inaugurated by Sheikh Ahmed Bin Saeed Al Maktoum, chairman of Dafza, the Richemont Operations Center (ROC) is a pioneering project, as for the fi


LG developing AI tech for products, services

LG Electronics is developing its proprietary deep learning-based artificial intelligence (AI) technology with the rollout of its own AI development tool to all LG business divisions. DeepThinQ 1.0 was developed last year with the establishment of LG’s Artificial Intelligenc


Marcolin renews eyewear licence with Guess

Marcolin Group, a leading eyewear company, and GUESS, a global lifestyle brand, have announced the early renewal of a license agreement for the design, manufacture and distribution of GUESS and Marciano sunglasses and eyeglasses. The license agreement is extended until 2025, cons


UAE sees jump in registered domain names

UAE’s Telecommunications Regulatory Authority (TRA) has revealed that the number of registered names in the national domain (.ae) has reached more than 210,000 domain names until the end of 2017, achieving the target number of registered names for the year. The final regist


Aston Martin posts record sales in 2017

Aston Martin Holdings (UK), the producer of luxury handcrafted sports cars, has announced that it has sold 5,117 sports cars in 2017, thus registering a 58 per cent year on year growth in retail sales. The sales figures include the sell-out demand for its DB11 model and special v


Auto giants set up $1bn venture capital fund

Mitsubishi have announced the launch of Alliance Ventures, a new corporate venture capital fund that plans to invest up to $1 billion to support open innovation over the next five years. Renault (40 per cent), Nissan (40 per cent) and Mitsubishi Motors (20 per cent) will jointly


Nasdaq Dubai to launch futures on GFH Group

Nasdaq Dubai, the region's international stock exchange, will launch single stock futures on GFH Financial Group (GFH) starting from January 16, to enable investors to take positions on movements in the share price of the Bahrain-based company.    GFH i


Conex Bänninger to unveil key products at Saudi expo

Conex Bänninger, a global leader in the design and manufacture of fittings, valves and accessories, will be showcasing its wide range of product innovations, including >B< MaxiPro, at the HVACR Expo Saudi which kicks off in Jeddah next week.   To be h


Bahri gets $96m funding for 4 new bulk carriers

Bahri Dry Bulk, a business unit of global logistics leader Bahri, has secured a Sharia-compliant funding of SR360 million ($96 million) from Saudi Arabia-based Bank Albilad to finance the purchase of four new bulk carriers. The moves as part of the agreement signed by the company


Batelco, AFS launch new mobile payment solution in Bahrain

Batelco, Bahrain’s leading digital services provider, and Arab Financial Services (AFS), a leading regional payment solutions provider and FinTech enabler, have launched bWallet, a new digital mobile wallet and payment solution in the kingdom.   The launch

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