MENA REGION
JioHotstar expands to Nepal through DGO partnership
JioHotstar has launched its streaming services in Nepal through a collaboration with the local platform DGO. This partnership allows viewers to access a variety of Indian films, series, and live international sports. Subscriptions are available in two plans, which offer flexible pricing for local audiences. DGO will also continue to add new Nepali films weekly to enhance the viewing experience.
JioHotstar collaborates with DGO, launches streaming service in Nepal
JioHotstar has partnered with Nepal’s DGO to expand its streaming services in the country, adding Indian films, originals, television shows, reality franchises and children’s content to the local platform. The launch extends JioHotstar’s international presence across the UK, Canada, Singapore and the Middle East and North Africa (MENA) region.
MENA must classify AI data centres as critical loads, overhaul power planning amid rising demand: WEF
The World Economic Forum has highlighted the urgent need for countries in the Middle East and North Africa to refine their energy strategies. With rising electricity consumption, limited water resources, and extreme temperatures impacting AI infrastructure, the report suggests classifying AI data centers as critical energy loads and improving regulatory frameworks.
E-commerce firms turn to AI to solve for Bharat during festive sales
From spotting trends before they become popular and predicting what consumers are likely to buy to personalising recommendations – AI is doing a bulk of the work behind the scenes.
JioHotstar expands international footprint with MENA launch
In an exciting move, JioHotstar has unveiled its streaming platform for the Middle East and North Africa, partnering with STARZPLAY. The collaboration opens the door to JioHotstar Originals and a diverse range of Indian content in various languages, aimed at regional audiences. Monthly packages are available at AED 34.99 and AED 49.99, addressing the needs of the South Asian diaspora for varied entertainment options.
Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says
The International Monetary Fund warned that Middle East and North Africa face economic challenges due to lower oil prices, tariff measures, and reduced foreign aid, forecasting 2.6% growth this year, while urging countries to devise policies to protect their economies and drive growth through structural reforms.
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L&T to set up pellet, DRI plant in Middle East & North Africa region
Larsen & Toubro (L&T) is set to establish a pellet and direct reduction of iron (DRI) plant in the MENA region. The project, for a leading steel player, involves designing, building, and constructing the facilities using advanced technologies, under L&T's Minerals & Metals business.
EsportsXO partners with Abu Dhabi Gaming to drive MENA expansion
With a projected valuation of $397.21 billion by 2029, the global gaming industry is on a sturdy growth track and the MENA region is rapidly emerging as one of its largest markets.
Middle East crisis escalation may hurt pharma exports
While exports have not been affected so far, the next few days are crucial because, if there is serious escalation in the conflict, it could impact the whole Middle East and North Africa (MENA) region. Many Indian pharma companies have a significant presence in the region.
Indian women migrant workers to MENA region to reach 60 lakh in 2-3 yrs: Huntr
UAE's women-friendly policies lead to a 71% increase in Indian women workers in MENA, with the hospitality and construction sectors being the primary focus. The growth is expected to continue in the coming years.
LTIMindtree picks up 51% stake in new JV with Saudi Aramco subsidiary
LTIMindtree has acquired a 51% controlling stake in a joint venture with Global Digital, a subsidiary of Saudi Aramco, to provide IT services in the Kingdom of Saudi Arabia and the MENA region. The initial investment is $12.3 million. The joint venture aims to accelerate digital transformation and develop IT services in Saudi Arabia.
Kerala emerges as leader in healthcare talent migration to MENA countries
Kerala is the frontrunner in healthcare talent migration from India to the Middle East and North Africa (MENA) region, with a 3.3-fold increase in demand in the United Arab Emirates (UAE). MENA countries offer incentives and state-of-the-art healthcare infrastructure. Indian professionals meet rising talent demands, and the CEO emphasizes India's crucial role.
India, Saudi Arabia tie up for electrical interconnections, green hydrogen
India and Saudi Arabia have signed a memorandum of understanding (MoU) to collaborate in the areas of electrical interconnections, green hydrogen, and supply chains. The MoU aims to establish cooperation in electrical interconnection, exchange of electricity during peak times and emergencies, co-development of projects, co-production of green hydrogen and renewable energy, and establishing secure supply chains.
World Bank sees Saudi Arabia's economy contracting in 2023, MENA growth sharply lower
The World Bank has revised its growth forecast for Saudi Arabia, expecting the country's economy to contract by 0.9% in 2023. This is due to production cuts and lower oil prices. The overall growth forecast for the Middle East and North Africa (MENA) region has also been lowered to 1.9% in 2023. The World Bank's update attributes the decline in Saudi economic activity to lower oil production levels and subdued prices. The report raises concerns about future employment prospects for the region's young population. The GCC is also expected to see decelerated growth in 2023.
Dubai's evolving startup ecosystem paves the way for a bright tomorrow
Dubai and the UAE are at the forefront of early-stage investment in the MENA region
Paycraft accelerates growth, forays into MENA Region
PayCraft has developed solutions in accordance with the guidelines set by the Central Bank of UAE and Ministry of Labor, to help in the process of digitizing payroll card processing systems in that region with the introduction of WPS payroll card.
Behind Arab nations' disproportionate economic pain, there is a reason older than coronavirus
Nobody knows why some world regions are worse-hit than others. However, the situation in the Arab MENA becomes more inexplicable still when you consider that some of its most populated countries — like Egypt — never had full lockdowns for extended periods. This should have mitigated the economic impact of the pandemic, but did not. How can this be explained?
Sun Pharma, Hikma ink exclusive pact for plaque psoriasis drug for MENA region
Under the terms of the licensing agreement, Hikma will be responsible for the registration and commercialisation of the product in all MENA markets and Sun Pharma will be responsible for product supply, it added.
NASSCOM inks MoU to expand Indian SMEs in MENA region
The MoU between the National Association of Software and Services Companies (NASSCOM) and the Dubai Internet City (DIC) is first of its kind in the Middle East and North Africa (MENA) region.
PVR plans entry into Middle East, North Africa region; to form JV with Al-Futtaim Group
The Ajay Bijli-promoted company has signed a memorandum of understanding (MoU) with Dubai-based diversified business conglomerate Al-Futtaim Group to explore opportunities for jointly developing a cinema business in the MENA region.
Vikram Solar joins hands with Dubai’s Unidaan to supply solar products
Prashant Mathur, Vikram Solar’s president - international sales and strategic sourcing termed Unidaan as an ideal partner for his company.
Vikram Solar joins hands with Dubai’s Unidaan for Middle East and Africa
Kolkata-based Vikram Solar has entered into a distributorship agreement with Dubai-based Unidaan FZ LLC to supply solar products and services.
Tech Mahindra's Q3 revenues from Middle East and North African region rise
Tech Mahindra reported a significant growth in revenues from Middle East and North African region, including Turkey, for the third quarter ended December 31, 2013.
Clarity is key for MENA fund investors, says Standard & Poor's Fund Services
S&P has asserted that investors with exposure to Middle East and North Africa region require clear information on how their assets are utilised.
Cooperation with India, China vital for MENA region: Report
Increased cooperation with India and China is crucial for the Middle East and North Africa (MENA) region allowing it to sustain growth despite difficult economic times, a research report has said.
Cooperation with India, China vital for MENA region: Report
The Al Masah Capital's report explores the depth of the relationship between the three trading partners and the future potential still untapped.
Mahindra Satyam bags $ 79 mn order in Q2 in MENA region
Mahindra system has secured contracts worth $79 million approx in MENA.
Mahindra Satyam launches 'ERP Shared Services' for MENA region
Mahindra Satyam has launched the "ERP Shared Support Services" as part of the company's current focus on expanding its footprint in the Middle East & North Africa (MENA) region.
TCS plans Abu Dhabi, Egypt, Oman centres
India's largest software exporter Tata Consultancy Services will open centres in Egypt, Abu Dhabi and Oman as part of its drive to focus more on Middle East and North Africa (MENA) region.
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