Tawazun Economic Council and the UAE’s flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company to develop critical in-country capabilities in relation to the development and manufacture of advanced satcom solutions within the UAE, with a focus on building intellectual property locally for increased national security and…
Gibraltar Technologies (GT), an AI-based digital solutions company with offices in the Middle East, has announced their acquisition of HCL Infotech, part of the USD 10 billion IT giant HCL Group. Incorporated in 1986, HCL Infosystems Ltd is an information enabler, ICT system integrator and distribution company. HCL infosystems in its latest filings have mentioned that the HCL Infotech…
Al Yah Satellite Communications Company (Yahsat) has announced the appointment of three new members to its Board of Directors. Musabbeh Al Kaabi, CEO of the UAE Investments platform at Mubadala Investment Company PJSC (Mubadala), will assume the position of Chairman of the Board, and Badr Al Olama, Executive Director of the UAE Clusters unit within Mubadala’s…
Lenskart, eyewear retailer, has announced its foray into the Middle East market and plans to open its first retail store in Dubai soon. The company has committed $50 million (around AED185 million) towards the expansion in the UAE market. The eyewear specialist has launched its operations in the UAE through online offerings at its website ae.lenskart.com with…
Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has partnered with Silicon Valley-based enterprise automation start-up JIFFY.ai to facilitate the latter to expand its business operations in the United Arab Emirates (UAE) and the wider Middle East, and to bring in intelligent automation, along with its AI-based, cloud-native low-code/no-code HyperApp technology to…
GoAir, a Budget carrier, to expand services to the United Arab Emirates with the launch of new flights to Sharjah from Mumbai, Delhi, Kochi and Kannur. According to the announcement, these flights will start from Friday. Currently, flights to the UAE are operated under an Air Bubble Agreement since international commercial flights to and from…