Gulf Business’ Post

Huawei is seeking to address the complexity of implementing and managing advanced IT infrastructure for SMEs in the GCC region. #SME #SMEs #Huawei #technology #IT

Law firm Al Tamimi & Company is turning 35 this year. In this exclusive interview, the firm's founder and chairman, Essam Al Tamimi, tells us more about how the company has become a regional legal powerhouse. #UAE #middleeast #altamimiandcompany #law #legal

The GCC region’s aviation, automotive, and mobility sectors have undergone a rapid transformation over the years, fuelled by advancements in innovative technologies. Don’t miss Gulf Business’ upcoming tech-themed panel titled Tech Trends Impacting the Automotive, Aviation and Mobility Sectors on October 30, 2024. Hear from leading experts in the UAE’s aviation and automotive sectors as they discuss the innovative technologies shaping the future of mobility. Register: https://lnkd.in/d5mxiPFu Find out more: https://lnkd.in/dhWmS_nr Gulf Business

Dubai’s Roads and Transport Authority (RTA) has awarded a $163.4m (Dhs600m) contract for the upgrade of Oud Metha and Al Asayel roads as part of the broader Sheikh Rashid Corridor Development Project that seeks to accommodate the city’s expanding urban landscape and growing population. The development project connects Al Asayel Street to Al Khail Road via Al Nawras Street and provides an exit to Oud Metha and Al Nawras Streets. RTA will build four major intersections as part of the upgrade, 4,300 metres of bridges, and 14 km of roads as part of the Oud Metha and Al Asayel road upgrade. The development will serve residential and commercial areas, including Zabeel, Al Jaddaf, Oud Metha, Umm Hurair, Latifa Hospital and Al Wasl Club. The Oud Metha and Al Asayel road upgrade project is expected to serve more than 420,000 people by the end of the decade. It will significantly enhance the capacity of Oud Metha Street, increasing it from 10,400 vehicles per hour to 15,600 cars per hour, a 50 per cent improvement. Roads and Transport Authority | #Dubai | #RTA

GITEX Global and Expand North Star are set to fuel the growth of the global artificial intelligence (AI) economy by 2032, which is set to hit a $621bn valuation in 2024 and soar to a record $2.7tn by the end of the decade, according to Fortune Business Insights. Following the wildfire pace of AI adoption and the unprecedented growth in data storage demand, the 44th edition of GITEX Global is set to redefine the world’s digital economy and AI ecosystem. With over 6,500 exhibiting companies, 1,800 startups, and 1,200 investors from more than 180 countries participating across 38 halls of innovation and business opportunities, the event will see the UAE “strategically propel the next generation of AI-driven technologies”. The country’s strategic focus on AI is evident in GITEX’s scale and scope, as the event provides a platform to showcase cutting-edge innovations and foster international collaboration. GITEX GLOBAL Largest Tech & Startup Show in the World | #GITEX2024 | #Dubai

PARTNER CONTENT The AEON Clinic at Atlantis The Royal is pioneering regenerative wellness in the Middle East. From age-reversal therapies to cutting-edge treatments like Hyperbaric Oxygen Therapy and Peptide Therapy, AEON Clinic is setting new benchmarks in health and longevity. Discover how they are transforming healthcare in Dubai and beyond. #RegenerativeMedicine #Wellness #Longevity #Dubai #HealthInnovation

OKX, one of the world’s leading cryptocurrency exchanges, has officially launched in Dubai, marking a significant milestone. This move positions OKX as the first major global exchange to serve both retail and institutional clients in the UAE, offering 280 cryptocurrencies and 480 trading pairs. #OKX #okxdubai #OKXWEB3 #cryptocurrency #crypto

Malta combines a sunny Mediterranean lifestyle with a strategic location, a favorable business environment, and a robust financial sector, offering lucrative opportunities for investors and businesses seeking growth in Europe. With attractive residency programs, top-tier education, and high-quality healthcare, the island is quickly becoming a prime destination for global citizens and investors alike. Learn more: https://bit.ly/4dBVAbu Healthcare Logistics Ltd | Binderr | FinanceMalta | IMMIGRANT INVEST | Finance Incorporated Limited | Yakof Agius & Associates | Acumum - Legal & Advisory | Liyfe | Chetcuti Cauchi Advocates - Malta Law Firm

Hafeet Rail, the $2.5bn network project connecting the UAE and Oman, has secured a $1.5bn financing facility from a consortium of local, regional, and global lenders. The funds will be drawn in both conventional and Islamic tranches in UAE dirhams and Omani rials. The UAE bank consortium included Abu Dhabi Commercial Bank, Commercial Bank of Dubai, First Abu Dhabi Bank, Abu Dhabi Islamic Bank and Ajman Bank. Banks from Oman were Ahli Bank, Bank Dhofar, Bank Muscat, National Bank of Oman, Oman Arab Bank, Ahli Islamic Bank, Bank Muscat’s Meethaq Islamic Banking unit, Bank Nizwa and Alizz Islamic Bank. Regional and global banks included Jordan’s Arab Bank, the National Bank of Kuwait and the UK’s Standard Chartered Bank. Hafeet Rail, a collaborative venture between Etihad Rail, Mubadala Investment Company, and Oman’s Asyad Group, is set to revolutionise travel between Abu Dhabi and Sohar. Freight trains will traverse the route at a remarkable speed of 120 km/hour, reducing travel time to just 100 minutes. Etihad Rail | #Railway | #Oman | #UAE | #Logistics

Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement late on Wednesday. He was 86. Tata, who ran the conglomerate for more than 20 years as chairman, had been undergoing intensive care in a Mumbai hospital, two sources with direct knowledge of his medical situation told Reuters earlier on Wednesday. “It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation” the company said. Ratan Tata “was a visionary business leader, a compassionate soul and an extraordinary human being,” Indian Prime Minister Narendra Modi said on social media platform X. “Extremely pained by his passing away. My thoughts are with his family, friends and admirers in this sad hour.” After graduating with an architecture degree from Cornell University, he returned to India and, in 1962, began working for the group his great-grandfather had founded nearly a century earlier. Ratan Tata | Tata Group | #RatanTata | #TataGroup