Author: Arabian Media staff
Image: Cenomi Retail Cenomi Retail, one of Saudi Arabia’s largest retail brand partners, said on Monday that its founding shareholders have signed a share purchase agreement with UAE-based Al-Futtaim Group to acquire a 49.95 per cent stake in the company for over SAR2.5bn ($666m). The transaction will see Al-Futtaim purchase shares priced at SAR44 each from selling shareholders Fawaz Abdulaziz Alhokair, Abdul Majeed Abdulaziz Alhokair, Salman Abdulaziz Alhokair, Saudi FAS Holding Company, and FAS Real Estate Company. As part of the agreement, Cenomi Retail and Al-Futtaim are negotiating a shareholder loan agreement under which Al-Futtaim will provide no less than…
Images: Supplied The UAE workforce is showing strong signs of cybersecurity readiness, outpacing their EMEA peers in areas such as threat awareness and trust in their organisations’ ability to recover from attacks. That’s according to new research from Cohesity, a global leader in AI-powered data security and resilience. The survey, conducted in partnership with OnePoll, captured responses from 500 full-time UAE employees, revealing that 86 percent believe they can identify a cyber threat, and nearly 90 percent trust their employer’s cyber resilience. But the study also sheds light on lingering behavioural gaps, with some employees admitting they might delay reporting…
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Image: Emirates Emirates has released a second limited-edition collection under its Aircrafted by Emirates initiative, featuring handmade bags and luggage created from upcycled aircraft materials. The 2025 collection, available now through the Emirates Official Store, follows the sell-out success of the airline’s 2023 debut line and is expected to be snapped up by collectors within days. The new drop includes 167 bespoke pieces made from repurposed materials salvaged during Emirates’ ongoing aircraft retrofit project. Emirates Aircrafted collection: Here’s what makes them special Items include three trolley bag styles — the most in-demand product from the original release — two backpack…
Image: Supplied boAt, India’s No 1 and World’s No 3 audio wearables brand (Source: IDC report), has debuted in the UAE, marking a milestone in its international expansion journey. The brand will offer its portfolio of audio products and smart wearables, including TWS (true wireless stereo) earbuds, headphones, portable speakers, large audio, and smartwatches to customers in the UAE. These products will be available through an omnichannel retail presence, across both online platforms and offline stores. boAt launch aligns with the brand’s expansion strategy This expansion is aligned with boAt’s strategic vision to expand in a focused manner in select…
Image: Abu Dhabi Aiports Abu Dhabi Airports reported its 17th straight quarter of double-digit passenger growth in H1 2025. From January to June, the operator of the emirate’s five commercial airports handled over 15.8 million passengers, marking a 13.1 per cent increase over the same period in 2024. Zayed International Airport (AUH) was the primary driver of growth, welcoming 15.5 million passengers, up 13.2 per cent year-on-year. Flight movements also saw an uptick, with a total of 133,533 flights across the network during H1 2025, a 9.2 per cent rise over the previous year. AUH alone recorded 93,858 aircraft movements,…
Despite expectations for a mixed second quarter, some analysts are staying confident on IBM’s software segment Source link
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