The partnership will benefit FMCG distributors and retailers that use Boost’s digital commerce platform
Latest News
ACWA Power
Saudi Arabia’s ACWA Power proposes $1.9bn rights issue
Saudi Tadawul authority said the company has applied for the issue to increase in its paid-up capital
Abu Dhabi Securities Exchange
Phoenix Group appoints Munaf Ali as CEO, eyes NASDAQ listing in 2025
His appointment comes as the cryptocurrency conglomerate seeks to strengthen its institutional relationships and expand its global presence
E-commerce
MENA online gifting market sees 62% jump in festive season sales: Report
The festive season fuels growth in MENA e-commerce platforms and gifting marketplaces, driven by special promotions, convenience, and rising interest in mobile shopping
luxury real estate
Modon Holding completes acquisition of La Zagaleta in Spain
The deal will mark Modon Holding’s entry into Europe’s luxury real estate market
Salary survey
Dubai’s economic pull creates ‘employer’s market’ as talent floods to city
The talent influx peaked in September 2023, with recruitment firms reporting a “windfall of applications” from international candidates
Bitcoin
Hackers steal $2.2bn in crypto in 2024 amid Bitcoin bull run: Report
The number of individual hacking incidents increased from 282 in 2023 to 303 in 2024, resulting in these losses
Branded residences
Minor Hotels to launch several branded residences in the region
A total 461 keys of branded residences to be launched alongside award-winning Anantara, Avani and Tivoli hotels in the GCC
ADQ
Abu Dhabi’s ADQ collaborates with Aqua Development to launch shrimp farming pilot in KEZAD
Upon the successful conclusion of the pilot stage, production is expected to be scaled significantly, marking an important milestone in the local production of shrimp in the UAE
air freight
Etihad Cargo expands freighter network with Paris Charles de Gaulle from January 2025
The new Paris freighter route will support Etihad Cargo’s specialised products, meeting growing demand across multiple industries
Abu Dhabi
AD Ports Group doubles its Revolving Credit Facility at better terms
The Abu Dhabi-based group successfully refinances and upsizes its existing RCF from $1 billion to $2.125 billion
Abu Dhabi
Wizz Air Abu Dhabi re-routes Bucharest flights to Băneasa Airport from March 2025
The move aims to improve accessibility, reduce travel time to the downtown and enhance the passenger experience, the airline said
Biodiversity
Dubai-based DP World issues the region’s first Blue Bond
The $100 million, 5-year Blue Bond priced at 5.25% coupon rate; Will fund significantly under-funded SDG 14 and SDG 6 of the United Nations
dubai beaches
Dubai night-swimming beaches welcome 1.5m visitors since launch
Dubai Municipality shares details on success of night-swimming beaches in past 18 months
Abu Dhabi
Groundbreaking CAR-T therapy performed on lupus patient in Abu Dhabi
Patient has stable platelet count and haemoglobin levels with decreased symptoms after the region’s first CAR-T therapy by ADSCC
Flynas
Flynas announces Dammam to Red Sea International Airport
Saudi Arabia’s flynas introduces new domestic flights from Dammam to Red Sea International Airport
Artificial intelligence
TCS study shows GenAI, Cloud Security, and ‘Zero Trust’ as key priorities
Experts identify seven focus areas that will influence cybersecurity in 2025 as new technologies give rise to new and complex threats