Ascentium Acquisition of Virtuzone Signals a Strategic Drive towards Middle East Growth

Ascentium Acquisition of Virtuzone Signals a Strategic Drive towards Middle East Growth

Virtuzone, the UAE's leading and award-winning provider of company formation solutions, corporate services, and tax consultancy, has announced its acquisition by Ascentium, a Singapore-based global business services platform that serves over...

South Korean Battery Makers Make Record Investments despite EV Decline

South Korean Battery Makers Make Record Investments despite EV Decline

Despite a slowdown in electric vehicle sales, South Korea's three major battery manufacturers are expected to have made all-time high investments in research and development (R&D) operations last year. It is anticipated that LG Energy...

What is the FAS Catalog Platform and Why It Matters for GSA Contractors

What is the FAS Catalog Platform and Why It Matters for GSA Contractors

The Federal Acquisition Service Catalog Platform (FCP) is revolutionizing how GSA contractors manage their schedules and product catalogs. This innovative web-based platform, known as FCP GSA, replaces outdated systems like the Schedule Input...

Emirates Post to Extend Overseas Shipping Service with FedEx

Emirates Post to Extend Overseas Shipping Service with FedEx

Emirates Post, the UAE's official postal services provider and 7X postal service operator, has inked a memorandum of understanding (MoU) with FedEx, the world's largest express shipping firm. The agreement seeks to provide FedEx's...

Paytm Eyes Merchant Acquisition in Overseas Markets with Operations in Middle East, SEA

Paytm Eyes Merchant Acquisition in Overseas Markets with Operations in Middle East, SEA

After posting a little decrease in net loss to ₹208.3 crore in the third quarter compared to the same period last year, One97 Communications, the parent company of fintech powerhouse Paytm, is extending its worldwide reach with new subsidiaries...

GCCs might Nearly Pay as much as IT Firms in Order to Cut Expences

GCCs might Nearly Pay as much as IT Firms in Order to Cut Expences

Global capability centers (GCCs), which have traditionally paid salary premiums of 15-30% more than IT services companies to attract top talent, are expected to see the gap narrow to single digits in the next year and a half to two years, owing to...

Asian Car and Battery Manufacturers Suffer as Trump Gets to Work

Asian Car and Battery Manufacturers Suffer as Trump Gets to Work

Shares of Japanese automakers and South Korean battery producers fell on Tuesday after US President Donald Trump indicated he may put tariffs on Canada and Mexico shortly and overturned the previous administration's executive order on electric...

China Catches on to Made-in-India, Restrictions on Manufacturing Partners

China Catches on to Made-in-India, Restrictions on Manufacturing Partners

China appears to be now taking notice of Apple and other technology and car companies shifting manufacturing/assembly to India and other regions of the world. According to Bloomberg, China is making it difficult for people and specialist equipment...

India's Relata Expands into Dubai's Burgeoning Real Estate Market

India's Relata Expands into Dubai's Burgeoning Real Estate Market

Relata, a leading provider of innovative real estate technology solutions based in India, has expanded into Dubai via a joint venture with Cognilements International and visionary CEO Neeraj Srivastava. The historic expansion includes Neeraj...

World Bank Forecasts UAE Economy Growth of 4% in 2025, Faster than Last Year

World Bank Forecasts UAE Economy Growth of 4% in 2025, Faster than Last Year

According to the World Bank's most recent assessment, the UAE economy would rise by a robust 4% in 2025 and 2026, which is greater than it was the previous year. The UAE is expected to increase by 4.0% in 2025, which is 0.1 percent less...

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