Marching Markets into Uncharted Territory

By Geoffrey Muns As US stocks and oil prices leaped as investors held breaths for updates from Ukraine and parsed testimony on the Fed’s plans to raise interest rates. The SPX rose 1.9% on 2nd March, a day after the benchmark index fell 1.6%. The Dow gained 596 points or 1.8%, and the technology-focused Nasdaq […]

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Technology

November 19, 2024

IFS Unveils Next-Gen AI-Powered Enhancements to Boost Efficiency and Sustainability for Oil & Gas Organizations

The new release of IFS BOLO 15 delivers unparalleled back-office efficiency, powered by IFS.ai. It also introduces AI-driven automation for AP invoicing, enhancing cash flow management. Additionally, updates to IFS Tobin and IFS iLandMan streamline the brine leasing process, supporting the transition to clean energy portfolios.

Hospitality

November 19, 2024

Kleindienst Group to Boost Dubai’s Five-Star Hotel Inventory by 10%

As of August 2024, Dubai’s total available five-star hotel rooms stand at 52,750. Kleindienst Group is set to become the largest five-star hotel developer in Dubai with its ambitious 5,000-room mega project across The Heart of Europe on The World Islands. The group has also reached a 20% construction milestone for its AED 500 million Hotel London.

Property

November 19, 2024

Palma Development Reaches Key Construction Milestone at AED 3 Billion Serenia Living Project

Palma Development, a leading real estate developer, has celebrated a major construction milestone with the topping out of Serenia Living, an exclusive beachfront development on the crescent of Palm Jumeirah, valued at AED 3 billion.