Latest news with #digitalInnovation
Zawya
09-07-2025
- Business
- Zawya
United Securities honored with Best E‑Trading Platform- Oman award for excellence in digital trading
Muscat – United Securities, a prominent brokerage firm in the Sultanate of Oman, has been awarded the prestigious Best Online Trading Platform - Oman award at OERlive DX 2025, in recognition of its exceptional achievements in driving digital innovation within the financial services sector. The award was presented during the event's awards ceremony, held under the patronage of Dr. Abdullah Al Rashdi, Digital Transformation Advisor at the Ministry of Transport, Communications and Information Technology. The honor highlights United Securities' pioneering efforts and continued investment in transforming the trading experience through its flagship digital platform, eTadawul. At the heart of this recognition lies eTadawul, an advanced digital trading platform that offers investors secure and fully compliant access to both regional and global financial markets. In alignment with the Financial Services Authority (FSA) regulations, the platform provides a single, locally-hosted gateway not only for trading in Muscat Stock Exchange, but also in all the GCC and major international exchanges, enabling investors to diversify their investment portfolios with efficiency and confidence. Designed to meet the evolving needs of today's investors, eTadawul enables seamless trading experiences across desktop and mobile devices, with real-time, multi-currency transactions available seven days a week. This flexibility allows users to capitalize on market opportunities as they emerge, regardless of time or location. Commenting on the achievement, Mr. Mustafa Ahmed Salman, CEO of United Securities, stated, 'We are deeply honored to receive this prestigious award, which is a testament to our strategic vision and unwavering commitment to innovation. At United Securities, digital transformation is not merely a technological upgrade—it is a core philosophy that drives how we engage with our clients and deliver value. With eTadawul, we have reimagined the investment experience by combining global access, regulatory compliance, and intelligent features in one integrated solution. We remain steadfast in our pursuit of excellence and will continue to deliver innovative platforms that empower investors, strengthen Oman's financial ecosystem, and align with the nation's broader digital transformation goals.' A key differentiator of eTadawul is its comprehensive analytics ecosystem, presented within a single, intuitive dashboard. The platform offers not only live pricing but also Level-2 market depth, advanced charting capabilities, fundamental screeners, and bilingual (Arabic and English) news integration, facilitating data-driven decision-making with precision and ease. Furthermore, eTadawul features highly competitive foreign exchange spreads and same-day fund transfers, optimizing both cost and convenience for users. Through platforms like eTadawul, United Securities continues to set new benchmarks in the capital markets landscape, reinforcing its reputation as a forward-looking financial institution dedicated to delivering secure, sophisticated, and accessible trading solutions.
Khaleej Times
29-06-2025
- Business
- Khaleej Times
Business travel in Mena reaches $18 billion in H1 2025
The business travel sector in the Middle East and North Africa (Mena) is growing faster than the global average. The market reached $18.1 billion in 2024, while forecasts indicate a 6.1 per cent year-on-year growth into 2025, a study showed. According to research by Tumodo, the UAE-based online business travel platform, the volume of bookings in the region grew by 40 per cent compared to late 2024. The broader Mena market is expected to hit $270.8 billion by 2030, propelled by strong infrastructure development and digital innovation. This indicates a higher demand for technologically advanced travel services and expanding business activity within the region. Notably, April and May were the busiest months in the first half of the year – largely due to the return of business travel after Ramadan. Saudi Arabia was the most travelled destination in the Mena region, accounting for 20 per cent of all travel, followed by the United Kingdom (15 per cent), France and India (10 per cent each). Finally, trips to Oman amounted to 5 per cent of all travel. These numbers are consistent with global trends reflecting stronger economic ties between Mena countries and European and Asian markets. Favourite airlines In terms of airline preferences, regional players came at the top of the charts. Emirates, Turkish Airlines, and Qatar Airways were the most frequently chosen by business travellers. Tumodo also pointed out that, on average, India remains the most affordable route, while the United Kingdom is the most premium destination – both in terms of airfares and accommodation. Dubai remains a major hub in the region, with frequent flights to business capitals like Riyadh, London, and Guangzhou. Tumodo has also seen an increase in usage of additional services throughout 2024 and the start of 2025. Specifically, visa support rose by 15 per cent, ground transfers by 11 per cent, and corporate event bookings by 7.25 per cent – all of which signal a growing demand for full-service travel management. In H1 2025, the average trip duration remained at just two days, yet many travellers began incorporating leisure elements into their itineraries, reflecting the ongoing rise of 'bleisure' travel. Demand for premium accommodation remained strong, with four- and five-star hotels accounting for over 75 per cent of bookings. At the same time, Tumodo 's clients reported a 12 per cent decrease in average airfare costs and only a modest 2 per cent increase in booking value as opposed to an average 10 per cent growth across different platforms. This was possible thanks to advanced platform features such as customisable travel policies, approval workflows, and real-time analytics. Additionally, integrated tools for CO2 emissions tracking and eco-friendly route selection are helping businesses align with the UAE's Environment Vision 2030. 'The 50 per cent year-on-year growth we've seen this year signals a shift from recovery to reinvention,' Stan Klyuy, CCO of Tumodo, stated. 'We're focused on growing throughout the GCC and Europe in the future, as well as improving the platform with more intricate integrations and predictive capabilities'. As global business travel rebounds, industry forecasts project corporate travel spending will surpass $1 trillion in 2025, with the Middle East seeing one of the highest growth rates globally at 6.19 per cent.
Yahoo
23-06-2025
- Automotive
- Yahoo
Can You Trust The Oil Life Monitor In Modern Cars?
As the auto industry gets more digital and high tech, we have to ask ourselves the question -- is all of this going to work as intended? Technology is always a mixed bag in that it can improve safety and convenience, but it can also create unforeseen complications. So when it comes to new tech in cars like oil life monitors, we have to wonder if it actually works. This is especially important since these days a lot of new cars don't have a dipstick to check oil level. However, a lot of consumers have already encountered problems. For instance, the oil level monitor could suggest adding a quart of oil, only for that to be too much. In a world where automakers are going digital, we wonder how accurate those new digital oil life monitors really are. Apple CarPlay and Google Android Auto are one thing, but replacing reliable systems just to seem modern doesn't always help. Read more: These Are The Worst Transmission Recalls Of The Last 5 Years As the name says, this is a device or system that monitors the oil life expectancy of a vehicle as it degrades. Many oil life monitors use sensors that collect real-time data that is then put into an algorithm to compute an estimate of the oil life. This data covers several factors, such as your driving habits, operating conditions, and in some cases, vehicle mileage. All of these can affect how quickly your motor oil degrades. However, the oil life monitor is only providing an estimate based on the data it collects. When it comes to oil life and the quality of motor oil, we don't love the idea of taking a guess. Still, there are some benefits to oil life monitors. They can help prevent the needless throwing away of oil, which is good for the environment. This also means less oil changes and maintenance visits. If anything, oil life monitors are a safeguard for those of us who may be a little forgetful. So how accurate are those sensors, really? Well, they can certainly malfunction and degrade over time as well. This can lead to premature oil changes or driving with bad oil. Most can't detect oil levels, oil quality, or the condition of the oil. Instead, the algorithm is based on the data collected about driving habits and the vehicle's operating conditions, but driving conditions like harsh environments or weather are not accounted for. So, all-in-all, can we trust oil life monitors? Don't bet your car on it. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Zawya
19-06-2025
- Business
- Zawya
Cluster 2 signs an agreement to advance smart airport operations in Saudi Arabia
Paris, France – Airbus Defence and Space has signed a Memorandum of Understanding (MoU) with Cluster 2 at the Paris Air Show to deliver next generation digital solutions that enhance airport efficiency, security and collaboration across Saudi Arabia. The ceremony was attended by H.E. Abdulaziz Al-Duailej, President of the General Authority of Civil Aviation (GACA), Wouter Van Wersch, Executive Vice President of Airbus International, Gabriel Semelas, President of Airbus in Middle-East and Africa, and Mr. Saad A. Alajlan, General Manager of Commercial Operations and Business Development at Cluster 2. The partnership will introduce advanced technologies including Agnet Turnaround by Airbus , a smart platform that enables real time coordination of airport operations. This will empower Cluster 2 to streamline workflows, enhance on-time performance and elevate the passenger experience across its network of 22 international and domestic airports. Through this MoU, Airbus and Cluster 2 aim to raise operational standards, improve situational awareness and drive seamless collaboration between ground staff, security teams and control rooms. 'This partnership underscores our commitment to driving digital innovation in aviation. With Agnet Turnaround, we are enabling smarter, safer and more connected airports that align with the Kingdom's vision for the future of transportation.', said Antoun Farra, Managing Director of Airbus Defence and Space in Saudi Arabia. 'Airports are vital gateways to the Kingdom, and digital transformation is at the heart of our strategy. Partnering with Airbus allows us to enhance safety, reduce response times and create a unified operations ecosystem across our airports.', commented Eng. Badr Al-Dalami, Chief Executive Officer of Cluster 2. With multiple communication and automation capabilities, Agnet Turnaround is a smart and secure solution which aims at solving daily operational challenges for aviation stakeholders and enhancing On Time Performance (OTP). Contacts for the media Mohamad El Fil BEYOND Marketing Communications mohamad@
Yahoo
17-06-2025
- Automotive
- Yahoo
Volvo Group and Daimler Truck launch Coretura - a Joint Venture to unlock the digital future of commercial vehicles
GOTHENBURG, Sweden, June 17, 2025 /PRNewswire/ -- Volvo Group and Daimler Truck, two of the leaders in the commercial vehicle industry, announce the launch of Coretura AB, their joint venture aimed at transforming the commercial vehicle industry through a new software-defined vehicle platform and establishing a new industry standard. Coretura will enable Volvo Group and Daimler Truck and other future customers to provide differentiating stand-alone digital vehicle applications for their products. Following the binding joint venture agreements signed on October 28, 2024, Volvo Group and Daimler Truck have obtained all required regulatory approvals and have now launched the new company Coretura. Following the joint venture transaction, Coretura, based in Gothenburg, Sweden, began operations in the beginning of June 2025. Karin Rådström, President and CEO of Daimler Truck: "With Coretura, we are setting a clear strategic focus on software development for commercial vehicles. This is a big and really exciting step — not just for us, but for the entire industry and our customers. Together we are starting the digital-driven future of trucks and buses, ultimately making commercial vehicles smarter, more connected, and more efficient than ever before." Martin Lundstedt, President and CEO of the Volvo Group, adds: "Coretura represents a bold step forward in the evolution of commercial vehicles. By leveraging cutting-edge technology and collaborative innovation, we're setting the stage for a new era of connectivity and efficiency in the industry. This venture underscores our commitment to not only advancing our products but also paving the way for sustainable and intelligent transportation solutions." Coretura will be led by a four-member Executive Management team consisting of two members from each of the shareholders. Johan Lundén has been appointed as CEO coming from Volvo Group where he previously held responsibility for Strategic Product Planning, Project and Innovation management. Unlocking the digital future of commercial vehicles As commercial vehicles are becoming more digital, the mission of Coretura is to build the non-differentiating core, a standardized and open software-defined vehicle platform and dedicated commercial vehicle operating system. Coretura's activities also include the specification and procurement of centralized high-performance control units dedicated for commercial vehicles and capable of handling large amounts of data. This will decouple software and hardware development cycles, allowing end customers to purchase and update digital applications wirelessly 'over the air,' enhancing safety, efficiency and customer experience. "This joint venture blends the agility of a start-up with the stability and expertise of our major shareholders. We are proud and energized to lead the digital transformation in the commercial vehicle industry—backed by strong shareholder support and committed to shaping the industry's future." says Johan Lundén, CEO of Coretura. Starting with around 50 employees, Coretura is set to grow stepwise. This allows the shareholders to pool resources and invest in accordance with technical progress and achievement of milestones. Coretura thereby follows a collaborative co-development approach with its customers, aiming to launch its first products in vehicles by the end of the decade. Volvo Group and Daimler Truck will remain competitors and continue to differentiate their range of product and services offerings, including their respective digital solutions. Coretura is open to cooperation and invites new and traditional suppliers and partners who share its values to join in creating the future of the industry. June 17, 2025 Contact Volvo Group:Claes Eliasson, +46 76 553 7229, press@ Contact Daimler Truck:Paul Mandaiker, +49 176 30999267, For more information, please visit For frequent updates, follow us on LinkedIn The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm. This information was brought to you by Cision The following files are available for download: Press release - Volvo Group and Daimler Truck launch Coretura - a Joint Venture to unlock the digital future of commercial vehicles 250617-volvo-group-coretura View original content: SOURCE AB Volvo
