Market Watch

Invest Bank has announced a strategic partnership with Veefin Solutions to introduce innovative digital trade finance solutions for businesses across the UAE . This collaboration will see the implementation of advanced Supply Chain Finance (SCF) solutions, aimed at optimizing cash flow, improving working capital efficiency, and streamlining the management of receivables and payables through specialized open account finance products. Deploying the SCF system is particularly crucial given the rapid expansion of businesses in the UAE. As of mid-2024, the country is home to 1.021 million registered enterprises, including over 550 fintech companies. Additionally, SMEs are projected to reach one million by 2030, reinforcing the need for seamless, technology-driven financial solutions. Sharjah plays a vital role in the UAE’s startup ecosystem, with around 60,000 small to medium-sized enterprises (SMEs) and startups valued at $424 million, spread across six free zones and 33 industrial zones. SMEs contribute to 40% of the national income and create approximately seven out of every 10 jobs, underscoring their economic importance. Edris Al Rafi, Chief Executive Officer at Invest Bank said: "With our strategic partnership with Veefin, Invest Bank is poised to leverage Supply Chain System to redefine the landscape of open account finance. This collaboration […]

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Digital Transformation Market Digital Transformation Market size was valued at US$ 1663.53 Billion in 2024 and the total Digital Transformation revenue is expected to grow at 13.7% through 2025 to 2032, reaching nearly US$ 4646.38 Billion This substantial growth is primarily driven by the integration of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud computing, alongside the increasing demand for improved operational efficiency across various industries. Get Free Exclusive PDF Sample Copy of This Research :-https://www.stellarmr.com/report/req_sample/Digital-Transformation-Market/352 Market Growth Drivers and Opportunities Organizations worldwide are increasingly adopting digital transformation strategies to enhance operational efficiency, reduce costs, and improve customer experiences. The proliferation of AI and machine learning technologies enables businesses to automate processes, gain actionable insights from data, and personalize customer interactions. The widespread adoption of IoT devices facilitates real-time monitoring and data collection, leading to informed decision-making and optimized operations. Cloud computing offers scalable resources and flexibility, allowing companies to adapt swiftly to market changes and focus on core competencies. Additionally, the COVID-19 pandemic has accelerated digital transformation initiatives, as remote work and online services became essential, prompting businesses to invest in robust digital infrastructures. Request Inquire Link For More Details:https://www.stellarmr.com/report/enquire_now/Digital-Transformation-Market/352 Segmentation Analysis The […]

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Macau gaming operator Wynn Resorts (Macau) has recently been invited by LinkedIn, the leading global social platform for professional talent, to join its Future Ready Program launched in Hong Kong, being the only Macau enterprise invited to join the program. Wynn is dedicated to qualifying the team members with the skills and knowledge required for achieving success in the era of artificial intelligence and digital transformation. Through this collaboration, Wynn seeks to understand the latest learning trends in the job market, innovative concepts, and technology to upskill team members and promote the innovation and sustainable development of talent in Macau. The Future Ready Program is being launched by LinkedIn in collaboration with 14 leading organizations from core industries in Hong Kong and Macau . Utilizing the talent pool of over 1 billion members from all around the world, the program will equip enterprises with necessary tools and resources through data-driven insights analysis, targeted upskill initiatives and knowledge exchange, thus navigating workforce transformation, driving a culture of innovation, and equipping professionals in Hong Kong and Macau with the skills needed to thrive in a rapidly changing job market. As a partner of the Future Ready Program and the only Macau […]

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Andersen Consulting integrates digital transformation and AI-driven solutions with Andersen Global’s world-class tax, legal, valuation, and global mobility expertise En bild som visar text, planet, Yttre rymden, rymden AI-genererat innehåll kan vara felaktigt. SAN FRANCISCO – Andersen is redefining the professional services landscape with the launch of Andersen Consulting, a global consulting practice that integrates innovative business strategy, digital transformation, and AI-driven technology solutions with Andersen Global’s world-class tax, legal, valuation, and global mobility expertise. Andersen’s conflict-free approach provides an independent alternative to traditional consulting models by putting a client–first commitment at the heart of our success. A New Era of AI-Driven, Multidimensional Consulting Today’s businesses face complex global challenges that demand more than conventional consulting services. Andersen Consulting offers a seamless, multidimensional approach that combines expertise in business transformation, artificial intelligence, cybersecurity, sustainability, and digital strategy with Andersen Global’s established tax and legal capabilities. This integration of emerging technologies positions Andersen Consulting as the partner of choice in the $1 trillion consulting industry. “Our clients are looking for innovative strategies to stay ahead in an evolving marketplace,” said Mark L. Vorsatz, Global Chairman and CEO of Andersen. “Andersen Consulting was built to help businesses navigate this transformation. In […]

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Once upon a time, chief financial officers were the suit-and-tie number crunchers keeping the books tidy and making sure the lights stayed on. In the era of artificial intelligence and digital transformation , however, the CFO is no longer just a steward of capital; they are architects of the future. “AI is one of the most exciting technologies we’ve seen in quite some time,” Brandon Nussey , CFO at Coveo , told PYMNTS during a discussion for the executive series “ A Day in the Life of a CFO .” “Whether it’s unlocking new revenue streams or driving internal efficiencies, CFOs are in a unique position to help businesses make the right decisions about how to leverage it.” The technological shift happening across the business landscape is more than just a philosophical evolution; it’s a fundamental transformation in how companies compete and operate. As AI and digital transformation advance, the finance chiefs who embrace change aren’t just keeping their companies afloat but also building the future. “I do think the role of the CFO is increasingly acknowledged as having a bigger seat at the strategic table,” Nussey said. “It’s become old-school thinking that CFOs are just number counters. There’s […]

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Representational image. Credit: Canva Tata Power, one of India’s largest integrated power companies, has partnered with Amazon Web Services (AWS) to modernize its digital infrastructure and support India’s transition to a cleaner, smarter, and more consumer-centric energy ecosystem. This collaboration focuses on improving operational efficiency, enhancing grid resilience, and empowering consumers to actively participate in the shift towards renewable energy. With India projected to lead global energy demand growth over the next two decades, Tata Power is leveraging digital technologies to drive intelligent energy management. The company has migrated 23 mission-critical applications to AWS using Amazon Elastic Kubernetes Service (EKS), which enhances scalability, security, and real-time operational efficiency across its power generation, renewables, grid management, sales, and finance functions. Additionally, Tata Power has adopted a serverless architecture with AWS Step Functions to optimize energy transactions and grid operations, ensuring a more efficient response to fluctuations in power demand. A key component of this transformation is the development of two specialized data lakes for power generation and renewable energy. These data lakes collect real-time data from solar farms, wind assets, smart meters, and Industrial IoT devices. By integrating these datasets into Amazon Simple Storage Service (S3) using AWS Glue, Tata […]

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Dublin, Feb. 20, 2025 (GLOBE NEWSWIRE) — The "United Arab Emirates Loyalty Programs Market Intelligence and Future Growth Dynamics – 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics – Q1 2025 Update" report has been added to ResearchAndMarkets.com’s offering. The report provides a detailed data-centric analysis of the loyalty market opportunities and risks across a range of end-use sectors and market segments in United Arab Emirates. With over 50 KPIs at the country level, this report provides a comprehensive understanding of loyalty market dynamics, market size and forecast, and market share statistics. The loyalty market in United Arab Emirates is expected to grow by 16.1% on annual basis to reach US$490.8 million in 2025. In value terms, the loyalty market in the UAE has recorded a CAGR of 18.1% during 2020-2024. The United Arab Emirates’ loyalty market will continue to grow over the forecast period and is expected to record a CAGR of 13.6% during 2025-2029. Th loyalty market in the UAE is expected to increase from US$422.7 million in 2024 to reach US$817.6 million by 2029. Key Insights The UAE’s loyalty program landscape is transforming significantly, driven by technological […]

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Samsung Electronics Poland has signed a letter of intent on cooperation in the field of digital transformation with PKO Bank Polski. The cooperation see the implementation of innovative solutions in the fields of electronic commerce and technological ecosystems, including the expansion of a dedicated online platform for customers of the bank, integration of modern financial services, development of products combining online and offline sales, as well as engineering of new business processes.

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The Asian Development Bank (ADB) approved a $125 million loan to support the Government of Uzbekistan in modernizing water management, improving water security, and increasing access to safe and reliable water in the country . The Climate-Smart Water Management Improvement Project will improve asset management and sustainability of service delivery, while strengthening the institutional capacity of the country’s national water utility. This will help decision making and enhance water management and energy-use efficiency, contributing to climate change mitigation efforts. “Uzbekistan’s water resources are under acute threat from climate change and inefficient usage,” said ADB Country Director for Uzbekistan Kanokpan Lao-Araya. “ADB’s project introduces smart water management systems to improve water usage, reduce energy consumption, and increase operational efficiency to lower Uzbekistan’s carbon footprint.” The project will support the Joint Stock Company Uzsuvtaminot (the national water utility) and its regional branches in completing the installation of an ongoing nationwide bulk flow metering and telemetry system on the main water resource’s locations . The project will also carry out an asset inventory and prepare onsite geographic mapping for all existing water supply and wastewater infrastructure, including about 4 million customer connections. An integrated package of climate-smart, IT-based utility management systems will […]

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