The campus is set to become the largest dedicated hub for AI and technology companies in the Middle East and North Africa
uae10 hours ago
Network International Holdings on Wednesday announced a revenue growth of 19 per cent year-on-year in the third quarter, driven by spending recovery in the UAE.
Nandan Mer, CEO of Network International, said: “We have set out our new strategy to accelerate, innovate and drive faster long-term growth. We are making progress already, giving the business strong foundations from which to deliver our medium-term target of 20 per cent-plus revenue growth. I am pleased to see the strength of trading in our UAE merchant business. This is a reflection of our enhanced sales strategies, faster merchant onboarding and new capability launches; as well as improving underling market dynamics. Consumer spending in the region has also continued to improve, supported by the ongoing return of tourism and growing domestic consumer confidence.”
He said market entry to Saudi Arabia is on-track. “We have made significant progress in the build of our technology platform, a pipeline of customer commitments and expect to launch services in early 2022.”
Network International continues to bolster its capabilities in its UAE direct-to-merchant business. The business remains a key strategic priority of the company, it said in a statement on Tuesday.
waheedabbas@khaleejtimes.com
The campus is set to become the largest dedicated hub for AI and technology companies in the Middle East and North Africa
uae10 hours ago
Dravid's tenure comes to an end after the T20 World Cup 2024 in the USA and West Indies
sports11 hours ago
Stand-in skipper Jitesh believes the absence of key England players will not affect his side's morale on Sunday
sports11 hours ago
Netanyahu came under personal attack from Defence Minister Yoav Gallant for failing to rule out an Israeli government in Gaza after the war
world12 hours ago
The fund is designed to finance the production of artistic and creative works in film, music, performances, and video games
uae12 hours ago
Fico has been in hospital since Wednesday when a lone gunman shot him four times, including in the abdomen
world12 hours ago
The country was one of the donor states to freeze around $450 million in funds after Israel accused 12 UNRWA staff of participating in the Hamas-led attack
world13 hours ago
This inclusive community service is available daily on Al Hamriya Beach from 6.00am to sunset
uae13 hours ago