MENA

Saudia Technic Joins Forces with United Rotorcraft to Lead in Helicopter MRO Capabilities

Retrieved on: 
Tuesday, February 27, 2024
Emergency medical services, MENA, UR, Aviation, Part, Air Methods, MRO, Vision 2030, Law enforcement, Partnership, Maintenance (technical)

"The initiation of this collaboration is timely with the Kingdom’s surge in rotorcraft usage, spanning various sectors,” said Captain Fahd H. Cynndy, CEO of Saudia Technic.

Key Points: 
  • "The initiation of this collaboration is timely with the Kingdom’s surge in rotorcraft usage, spanning various sectors,” said Captain Fahd H. Cynndy, CEO of Saudia Technic.
  • Saudia Technic’s vision is clear: to pioneer and sustain a world-class rotorcraft MRO facility in the Kingdom.
  • Saudia Technic is developing the largest MRO infrastructure in the MENA region through its MRO Village located in Jeddah, contributing to Saudi Arabia's growing role as a regional aviation hub, and positioning Saudia Group as an industry leader in the region.
  • Their experience will be instrumental in aiding Saudia Technic to develop its rotorcraft Part 145 center of excellence, serving helicopter operators in both Saudi Arabia and the surrounding region with a comprehensive suite of services.

BigCommerce Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024
ARPA, MENA, Architecture, Conair, Growth, Commerce, MUJI, API, Software as a service, Webcast, PayPal, BigCommerce, Fastlane, GAAP, GMV, Ecosystem, VIP, IDC, Partnership, Total, BIGC, ARR, Clothing, Workflow, CFO, NVIDIA, Acquisition, Pharmacy, B2C, Cross, AOV, Average cost, B2B, OMS, Cyber Monday, Digital

AUSTIN, Texas, Feb. 22, 2024 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • AUSTIN, Texas, Feb. 22, 2024 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023.
  • Average revenue per account (ARPA) of enterprise accounts was $40,891, up 6% compared to the fourth quarter of 2022.
  • We reported free cash flow of $12.2 million
    Fiscal Year 2023 Financial Highlights:
    Total revenue was $309.4 million, up 11% compared to fiscal year 2022.
  • These items are not within our control and may vary greatly between periods and could significantly impact future financial results.

The Binary Holdings Forges Strategic Partnership with NES.TECH, a Leader in Hyper-Secured Infrastructure and DLT Solutions

Retrieved on: 
Tuesday, February 20, 2024
Name, MENA, Octagon, Research, Growth, Strategic alliance, DLT, TTF, TBH, Indosat, History, Ecosystem, RWA, Family, Decentralized finance, Distributed ledger, Partnership, Cryptocurrency

Bangkok, Thailand, Feb. 20, 2024 (GLOBE NEWSWIRE) -- In a strategic move heralding a new era in Distributed Ledger Technology (DLT) and cybersecurity, The Binary Holdings recently unveiled its partnership with NES.TECH. This alliance represents more than a mere merger of two tech powerhouses; it symbolises a convergence of visions dedicated to spearheading new solutions in blockchain technology and hyper-secure digital infrastructure. This endeavour holds the potential to reshape the dynamics of business and consumer interactions in the digital and decentralised landscape.

Key Points: 
  • Strategic Alliance: The Binary Holdings (TBH) joins forces with NES.TECH, marking a significant leap in blockchain technology, cybersecurity, and digital infrastructure innovation.
  • Bangkok, Thailand, Feb. 20, 2024 (GLOBE NEWSWIRE) -- In a strategic move heralding a new era in Distributed Ledger Technology (DLT) and cybersecurity, The Binary Holdings recently unveiled its partnership with NES.TECH.
  • Manit Parikh, CEO of The Binary Holdings said, "We are thrilled to welcome NES.TECH to the TBH family.
  • The union of TBH and NES.TECH is a strategic response to the growing demand for secure, scalable, and efficient digital solutions.

Flashtalking by Mediaocean Announces New Exclusive International Partnerships Covering 89 Markets

Retrieved on: 
Wednesday, March 6, 2024
Software, Mobile, Wireless, Social Media, Internet, Data Management, Technology, Artificial Intelligence, Digital Marketing, Marketing, Advertising, Audio, Video, Content Marketing, Communications, Escape Velocity, Social media, MENA, AI, Intelligence, MD, ROI, Partnership, Nordic, Growth, Cross, CTV, LATAM, Automation, Knowledge, Amazon, Appetite, Display, Social media marketing

Each of these companies brings deep experience in the ad serving market, having previously supported brands and agencies using Amazon/Sizmek.

Key Points: 
  • Each of these companies brings deep experience in the ad serving market, having previously supported brands and agencies using Amazon/Sizmek.
  • The Flashtalking platform provides AI and automation to connect the silos between teams for more efficient production, versioning, and distribution of creative.
  • Georgia Brammer, MD JAPAC for Flashtalking, added, “We’re thrilled to be able to build these new relationships in so many important markets.
  • The partnership is well poised to take advantage of the growth of CTV and social media in these fast growing markets.

Aramco Digital and LTIMindtree to Launch KSA Digital and IT Services Company

Retrieved on: 
Wednesday, March 6, 2024
Technology, Consulting, Other Technology, Telecommunications, Professional Services, Software, Internet, Electronic Design Automation, Data Management, Other Professional Services, MENA, Multimedia, Digital, LTIMindtree, Vision 2030, KSA, Saudi Aramco, Kingdom, Information technology, Partnership, Management

Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, have signed a shareholders’ agreement to create an IT services company in the Kingdom of Saudi Arabia.

Key Points: 
  • Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, have signed a shareholders’ agreement to create an IT services company in the Kingdom of Saudi Arabia.
  • The prospective company would showcase innovation in action, including disruptive digital services, and transformative industry 4.0 systems integration capabilities.
  • View the full release here: https://www.businesswire.com/news/home/20240305169589/en/
    Signing of the shareholders' agreement between LTIMindtree and Aramco Digital.
  • Left to right, Sudhir Chaturvedi, President, and Executive Board Member, LTIMindtree and Tareq Amin, CEO, Aramco Digital.

Middle East and North Africa OTT TV and Video Market to Reach 28 Million SVOD Subscriptions by 2029 - ResearchAndMarkets.com

Retrieved on: 
Thursday, February 22, 2024
TV and Radio, Entertainment, OSN, Starz, Netflix, Television, Growth, Statistics, MENA, AVOD, Arabic, SVOD, Research, OTT, Video game

The "Middle East and North Africa OTT TV and Video Forecasts 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Middle East and North Africa OTT TV and Video Forecasts 2023" report has been added to ResearchAndMarkets.com's offering.
  • The landscape of over-the-top (OTT) television and video streaming services continues to evolve across the Middle East and North Africa (MENA), with a remarkable surge in subscription video-on-demand (SVOD) highlighted in the latest industry forecast.
  • It projects that by the year 2029, 13 Arabic countries will see SVOD subscriptions swell to a substantial 28 million—a significant climb from the 15 million recorded in 2023.
  • The report allows readers to delve deeply into the statistics, predictions, and factors influencing the OTT and video streaming market across the Middle East and North Africa region.

Expro Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
Alternative Energy, Energy, Other Energy, Oil, Gas, Well, Depreciation, MENA, Fashion show, Intervention, Continental shelf, Tax, PRT, Segment, GAAP, LWI, Central Time, Integrity, Partnership, TRS, Carbon, Safety, Public expenditure, Kingdom, Acquisition, ESSA, Risk, NLA

Net cash provided by operating activities for the fourth quarter of 2023 was $33 million compared to net cash provided by operating activities of $59 million for the third quarter of 2023.

Key Points: 
  • Net cash provided by operating activities for the fourth quarter of 2023 was $33 million compared to net cash provided by operating activities of $59 million for the third quarter of 2023.
  • Adjusted cash flow from operations1 for the fourth quarter of 2023 was $43 million compared to $64 million for the third quarter of 2023.
  • Unless otherwise noted, the following discussion compares the quarterly results for the fourth quarter of 2023 to the results for the third quarter of 2023.
  • Depreciation and amortization expense was $63 million for the fourth quarter of 2023 compared to $37 million for the third quarter of 2023.

GCC Elevator and Escalator Market Analysis and Growth Forecasts Report, 2023 and 2024-2029: Increased Infrastructure, Industrial, and Transport Sector Investments to Surge in New Installations - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 21, 2024
Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Machinery, Building Systems, Engineering, Other Construction & Property, Manufacturing, Cloud, Civil defense, Cloud computing, Wilayah, MENA, ThyssenKrupp, Tourism, Growth, Gulf Cooperation Council, GCC, Food, AFC Asian Cup, KAEC, Special economic zone, KACST, Science, SASO, Travel

The "GCC Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "GCC Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • Otis, Schindler, TK Elevator, and KONE are the top 4 manufacturers in the GCC elevator and escalator market, with a share of 61%.
  • Saudi Arabia has recently launched four new special economic zones (SEZs) to promote growth in key sectors such as advanced manufacturing, cloud computing, and medical technology.
  • Aligned with the Saudi Vision 2030, these SEZs are expected to boost construction projects and infrastructure development, further supporting the growth of the GCC elevator and escalator market.

Distinguished Global Health Policy, International Trade and Government Relations Veteran Joseph Damond Joins Crowell & Moring International

Retrieved on: 
Tuesday, March 5, 2024
International, Pfizer, Biotechnology Innovation Organization, MENA, BIO, Government, CMI, University, Pharmacy, Health policy, Policy, Damond, Legislation, IP, Lawyer, Health equity, Pharmaceutical industry

WASHINGTON, March 5, 2024 /PRNewswire/ -- Joseph Damond joins Crowell & Moring International LLC (CMI) as chair of Global Life Sciences, bringing more than three decades of experience expanding market access around the globe for health care, life sciences, medical devices, and digital health companies.

Key Points: 
  • At CMI, Damond will work with leading clients in the health care industry to advance health policy initiatives and navigate the evolving global political and regulatory landscape.
  • As a recognized leader on issues of emerging technologies, Damond will provide expertise on standards, best practices, legislation, regulation, and public preparedness.
  • Damond was previously the global chair of Health Policy at Edelman Global Advisory.
  • In this post, he guided clients through the dynamic global health care industry, leveraging a government relations career focused on health care, trade, and innovation.

IFS announces winners of Change for Good Sustainability Awards 2023

Retrieved on: 
Tuesday, March 5, 2024
Cloud, International, CSRD, MENA, Australian Cyber Security Centre, Transport, Data collection, IMI, Carbon, CO2, Biofuel, Bugaboo, Farrow & Ball, Bugaboo International, Change

LONDON, March 5, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced the winners of its third annual Change for Good Sustainability Awards. The awards aim to honour outstanding achievements in sustainability within the IFS global customer network, celebrating those who demonstrate a commitment to sustainable practices and make a significant impact through the work they do.

Key Points: 
  • LONDON, March 5, 2024 /PRNewswire/ -- IFS , the global cloud enterprise software company, today announced the winners of its third annual Change for Good Sustainability Awards.
  • The awards aim to honour outstanding achievements in sustainability within the IFS global customer network, celebrating those who demonstrate a commitment to sustainable practices and make a significant impact through the work they do.
  • A long-term IFS customer, they are using IFS technology to support their sustainability goals and help them deal with the challenge of managing data.
  • Sophie Graham, Chief Sustainability Officer, IFS, commented: "The Change for Good Awards continue to shine a spotlight on the remarkable efforts our customers are making to integrate sustainability into their operations and their broader industries.