Category: Business

  • Oxford International and University of Bradford expand partnership with new routes to market

    May 13: Oxford International and the University of Bradford have today announced the expansion of their long-standing international college partnership with the addition of a new 5-year collaboration incorporating direct entry recruitment alongside programme delivery designed and awarded by the university at Oxford International’s higher education institution, Universal Higher Education UK (UHE UK) in Greenwich, London. The triple pronged approach to student recruitment has been designed to support the university’s international growth ambition.

    This development marks a significant milestone in the partnership, enabling international students to access a broader range of undergraduate and postgraduate programmes at the University of Bradford via an expanded set of entry routes.

    A university on the rise

    The University of Bradford continues to strengthen its global standing, recognised for both academic quality and social impact. In the latest QS World University Rankings 2026, the University is ranked 47th in the UK, reflecting continued upward momentum.

    Renowned for its commitment to social mobility and student success, the University of Bradford continues to deliver strong graduate outcomes and impactful research aligned with global challenges. According to the most recent Higher Education Statistics Agency figures, the University of Bradford ranked 16th in the UK for graduates entering high-skilled employment, marking a major step towards its strategic ambition of being in the UK top 10 for graduate outcomes. Additionally, the University of Bradford offers careers advice up to five years after graduation.

    Expanding access through multiple access routes

    The introduction of further routes to higher education with the University of Bradford will provide international students with increased flexibility and choice for higher education study, reinforcing the university’s commitment to broadening access to higher education for international students, while creating new opportunities for students to benefit from a career-focused education in the UK.

    This expansion complements the existing international college, which has successfully prepared international students for progression to degree-level study at University of Bradford for many years. 

    Supporting over 80,000 students each year, Oxford International’s global recruitment team, enhanced by a network of over 2,500 educational consultants, operates across more than 50 international source markets, seamlessly working alongside partners’ recruitment teams and providing local insight and strategic guidance.

    Lil Bremmerman-Richard, Group CEO of Oxford International states:

    “This expansion represents an important step in the evolution of our partnership with the University of Bradford. By introducing direct entry recruitment along with programme delivery designed and awarded by the university at UHE UK, in addition to our established international college, we are creating a more comprehensive and flexible offering that meets the diverse needs of international students around the world. We are proud to deepen our collaboration with an institution that shares our commitment to access, quality, and student success.”

    Nick Braisby, Interim Vice-Chancellor of University of Bradford added:

    “Our partnership with Oxford International has helped us to build a vibrant and diverse international student community. In line with the University‘s 10-year Strategy, this partnership will expand the ways international students can study with us. By widening access to our award-winning education, we can help more students to become career-ready and achieve success, wherever they are from. I look forward to welcoming more international students to our global community in the coming academic year.”

    More details on programmes to be offered and first intake dates will be available soon.

  • AD Ports Group Delivers 41% YoY Net Profit Growth to AED 653 Million in Q1 2026; Best Quarterly Profits on Record

    PRL: AD Ports Group reports strong revenue and net profit in Q1 2026

     

    Abu Dhabi, UAE – May 13: AD Ports Group (ADX: ADPORTS), a leading global enabler of integrated trade, industry, and logistics solutions, today reported strong revenue and net profit performance in the first quarter of 2026, demonstrating the resilience of its diversified and integrated trade ecosystem amidst the challenging and complex geopolitical and macroeconomic backdrop.

    From a service offering and geographic perspective, AD Ports Group’s diversified operations, and vertically integrated business model based on long-term partnerships and contracts, focused strategy, and operational flexibility, have proven once again to be effective in turning risks into differentiated opportunities. Throughout the obvious challenges posed by the geopolitical situation in the Arabian Gulf, the Group has been able to maintain uninterrupted services, operating normally with precautionary business continuity protocols activated.

    Continuity measures include the rerouting of cargo operations and feeder services to Fujairah Terminals and Khorfakkan Port, and deployment of new land and air bridges, complemented by additional warehousing and storage facilities. AD Ports Group launched new regional feeder shipping services to maintain supply chain integrity, redeploying and scaling up its container and bulk cargo vessels fleet, with plans to further increase fleet capacity. The new services connect with ports in India, Pakistan and Oman, as well as Red Sea ports, and ports along the Upper Arabian Gulf region.

    The Group also established a land bridge to transport cargo from Fujairah and Khorfakkan through bonded customs corridors across the UAE to Khalifa Port, Jebel Ali Port, and Sharjah, using 800 trucks and four new daily rail services by Etihad Rail. These efforts were supported by the Group’s expanded warehousing and storage capacity for essential goods, currently exceeding 76,000 m2, with plans to more than double to 188,000 m2.

    Leveraging its award-winning digital trade infrastructure, the Group also launched new freight management platforms that delivered visibility and resilience, enabling the efficient management of trade flows. By unifying and processing data across the Group’s global operations, these platforms have enabled the Group to act on real-time trade lane intelligence to strengthen supply chain integrity, whilst repurposing empty import containers for export along alternative high-volume corridors, which enhanced resilience and reduced time and cost for customers.

    In Maritime & Shipping, the strong performance was a combination of volume and price effects, notably in container feeders, Ro-Ro, and tankers, as well as increased drydocking activities. Container feeder shipping volumes rose 20% YoY to 871K TEUs in Q1 2026, driven by increased services and capacity, whilst the bulk, multipurpose, and Ro-Ro vessel fleet reached 63, up from 41 in the same period a year earlier.

    In the Economic Cities & Free Zones Cluster, growth momentum continued with 843,000 m2 (net) new industrial land leases in KEZAD Abu Dhabi, generating strong demand for warehouses, staff accommodation, and utilities provision. KEZAD also completed the sale of a group of warehouses to MAIR Group for AED 295 million and sold a 1.0 km2 mixed-use land plot to Danube Properties for AED 840 million, as part of the Group’s strategy to actively manage its asset portfolio across all business Clusters, and monetise real estate and non-core assets, when opportune.  

    In the Ports Cluster, UAE operations remained resilient in the face of challenging regional events, with quarterly container throughput declining 5% YoY and general cargo volumes dropping 23% YoY, which were largely offset by strong growth internationally of 17% YoY and 21% YoY, respectively. In the UAE, container capacity utilisation stood at 54% (57% at Khalifa Port), whilst internationally it reached 65%, up from 58% in Q1 2025.

    In Logistics, the global freight environment remains challenging, with rising operational costs, and in the UAE quarterly polymer volumes declined 6% YoY as a result of the regional situation.

    In Q1 2026, AD Ports Group continued expanding internationally with a trade corridor and region-focused strategy. The Middle East, Central Asia, Pakistan, Egypt, Sub-Saharan Africa, and Mediterranean regions remained in focus, as the Group continued to build operational scale and long-term partnerships. A 30-year concession was secured for a brownfield multipurpose port in Aqaba, Jordan, and a 30-year concession was signed for a new greenfield dry bulk terminal at Douala Port in Cameroon. In parallel, the Group has continued to interconnect its 38 port terminals with associated maritime and logistics services, increasing synergies and enhancing asset utilisation.

    Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO – AD Ports Group, said: “Faced with rapidly evolving regional developments with global macroeconomic and supply chain implications, AD Ports Group responded decisively in Q1 2026, demonstrating the agility, resilience, and forward-thinking that have underpinned our strong growth over the past two decades. Our Q1 performance was robust, with Group Revenue and Net Profit delivering strong double-digit year-on-year growth of 25% and 41%, respectively. We acted swiftly to mitigate disruption, elevating the ports in Fujairah and Khorfakkan as alternative gateways for the country and the region, launching contingency feeder shipping services, expanding warehousing capacity, and activating integrated land, rail, and air bridges that will sustain our growth into Q2 and beyond. Under the guidance of our wise leadership in the UAE, AD Ports Group will continue to anticipate and adapt to global developments, further strengthening the resilience of our UAE-based global supply chain network, while delivering sustained value creation and growth for our shareholders.”

    In its Balance Sheet, AD Ports Group’s debt leverage continued to improve, with a Net Leverage of 3.9x, vs. 4.1x in Q1 2025, and 4.0x in Q4 2025.

    Despite a low cash conversion ratio of 62%, Cash Flows from Operations reached AED 943 million in Q1 2026, +30% YoY, on steady growth in operating profit from core operations, and AED 74 million from the asset monetisation programme under a two-year payment plan for the sale of warehouses to MAIR Group.

    With quarterly organic CapEx of AED 1.35 billion, the Group generated slightly negative Free Cash Flow to the Firm (FCFF) of AED 348 million but maintains annual guidance of positive FCFF going forward, subject to the evolving regional situation.    

    Q1 2026 Financial KPIs

    AED m

    Q1 2025

    Q4 2025

    Q1 2026

    YoY %

    Revenue

    4,597

    5,954

    5,750

    25%

    EBITDA 1)

    1,136

    1,606

    1,516

    33%

    EBITDA Margin (%)

    24.7%

    27.0%

    26.4%

    1.7%

    Profit Before Tax (PBT)

    515

    646

    729

    42%

    Total Net Profit

    464

    567

    653

    41%

    Net Profit – Owners of the Company

    348

    454

    497

    43%

    Non-Controlling Interests

    116

    113

    156

    34%

    Reported EPS (AED) 2)

    0.07

    0.09

    0.10

    43%

    1)EBITDA is calculated by taking net profit and adding depreciation and amortization, finance costs, income tax expense, impairment of investment properties and subtracting government grants, fair value gain on pre-existing interest in a joint venture and finance income.

    2)Based on the weighted average number of shares for the period.

    Key Developments in Q1 2026

    Ports Cluster 

    ·Joined Africa Ports Development’s (APD) 30-year concession to design, build and operate a new dry bulk terminal at the Port of Douala in the Republic of Cameroon. The agreement establishes an investment structure, under which AD Ports Group together with two other UAE investors own 60% of the operating company, alongside ADP’s 40% ownership, implying an effective economic interest of 51% for AD Ports Group.

    ·Signed a 30-year concession agreement with Aqaba Development Corporation (ADC) to operate the brownfield Aqaba Multipurpose Port, Jordan’s only and exclusive general cargo and multipurpose seaport. The concession was secured through a JV with AD Ports Group holding 70% ownership and ADC 30%.

    ·Secured a USD 115 million project finance facility led by the International Finance Corporation (IFC) and National Bank of Kuwait-Egypt (NBK) to support the development of the Noatum Ports Safaga Terminal in Egypt.

    Economic Cities & Free Zones Cluster

    ·Signed a 50-year land lease with Galadari Brothers’ heavy equipment division to establish a AED 75 million facility in KEZAD A (Al Ma’mourah). The 150,000 m2 facility will be used for storage and distribution of heavy machinery and industrial equipment in the region.

    ·Sold a group of warehouses in KEZAD Logistics Park – KLP Free Zone 3 (FZ3) in Abu Dhabi to MAIR Group for AED 295 million.

    ·Launched the 450,000 m2 Metal Park, the world’s first pay-as-you-grow metals ecosystem in Abu Dhabi.

    ·Signed an AED 840 million land sale agreement with Danube Properties for a 1.0 km2 plot located within the 16 km2 KEZAD Town Centre for the development of a residential and mixed-use project.

    ·Signed a 50-year land lease with Jotun Abu Dhabi to establish a new 83,177 m2 manufacturing facility in ICAD – KEZAD Musaffah with an investment value of AED 450 million. Jotun Abu Dhabi is relocating from its existing 22,000 m2 facility.

    Maritime & Shipping Cluster

    • Safeen Drydocks, part of Noatum Maritime, acquired 100% ownership of Balenciaga Astilleros Shipyard, one of Spain’s most established and technologically advanced shipbuilding and repair facilities, for a total consideration of EUR 11.2 million.

    Others

    • Refinanced a USD 2.5 billion syndicated loan with two UAE banks, extending maturity to March 2029, and reducing future borrowing costs.

    Key Developments Post Q1 2026

    ·Signed new land leases for five new projects in KEZAD Al Ain and KEZAD A (Al Ma’mourah), covering a total footprint of over 84,000 m2 and representing a total investment of AED 147 million. The projects are in the automotive (car cleaning products), metal, and logistics industries.

    ·Sold three warehouses in KEZAD Logistics Park (KLP) in Abu Dhabi to Aldar for AED 650 million.

    ·Signed a strategic partnership with Tawazun Council for Defence Enablement to develop Al Selmiyyah Defence Industrial Free Zone in Abu Dhabi. Al Selmiyyah will be developed as a zone dedicated to advancing defence manufacturing in the UAE. AD Ports Group will serve as a strategic partner and advisor for the zone, leading the master planning process, shaping land use and infrastructure planning, and providing industrial zone development expertise to support phased delivery, ecosystem integration, and connectivity to regional and global trade networks, in line with international best practices.

     

             
             
             
             
             
             

     

           
             
             

     

     

     

  • HDFC Bank’s WhatsApp Chat Banking Hits 1 Crore Monthly Active Users

    Mumbai, May 13 : HDFC Bank’s WhatsApp Chat Banking platform has crossed significant adoption milestones, with over 1 crore 30‑day active users and 2 crore 90‑day active users as on March 31, 2026. The platform now serves more than 4 crore registered customers, almost 40% of the Bank’s customer base. Alongside user growth, transactions have increased by 20%, demonstrating deeper engagement.

    Today, HDFC Bank offers one of the most comprehensive suites of services on WhatsApp. With over 225 services across 19 product lines, the platform covers everyday banking needs, transactional journeys and proactive service alerts. It has rapidly evolved into one of the industry’s most advanced conversational banking ecosystems.

    HDFC Bank identified early that conversational interfaces were evolving beyond simple interactions into powerful platforms for commerce—spanning shopping, food ordering and everyday engagement. Recognising this shift, the Bank launched Chat Banking in 2022, positioning it as a convenient service channel for basic banking requirements and bringing banking directly into customers’ daily digital habits.

    To drive adoption, the Bank has consistently focused on innovative product design. It has introduced several first‑in‑industry capabilities, including voice note‑based inputs that allow customers to interact seamlessly in Hindi, English or Hinglish. It is also among the first globally to enable integrated service alerts from core banking systems, along with the co-existence of AI‑powered bots and human agents for more complex queries.

    Further enhancing convenience, the Bank pioneered the Connect to RM feature, enabling users to view their Relationship Manager’s details and request a callback instantly. More recently, it introduced fully native journeys such as Quick FD booking and Convert to EMI, which can be completed end‑to‑end in just three steps, significantly reducing drop-offs.

    Speaking about the milestone, Rajanish Parmanand Prabhu, Head – Payments and Digital Banking Channels, HDFC Bank, said

    “Crossing the 1 crore unique monthly active users milestone is a significant moment in our digital journey. What began as a simple service interface has now evolved into a full-scale conversational banking ecosystem. Customers are increasingly choosing chat for both routine services and high-value transactions. Our focus remains on making banking more customer‑centric, intuitive and accessible within the platforms customers use every day.”

    This scale has been enabled by a focused 360‑degree strategy that includes leveraging customer insights to deliver targeted service nudges, promoting Chat Banking through cross‑channel calls to action across digital touchpoints such as Mobile Banking and PayZapp, optimising communication through improved frequency and engaging creatives, and continuously refining journeys based on real‑time NPS tracking and customer feedback.

    Ravi Garg, Director, Business Messaging, Meta in India, said

    “WhatsApp is transforming how businesses and customers interact with each other and get things done, and milestones such as this demonstrate how messaging can truly drive meaningful value and build better experiences. We are delighted to see that HDFC Bank is truly leveraging the power of WhatsApp to deliver convenient and secure banking experiences at scale.”

    HDFC Bank plans to further expand its Chat Banking capabilities with new product lines, strengthening its aim to make Chat Banking one of the preferred self‑service channels for customers.

  • MTAR Reports Rs. 306.1 Cr Revenue, 67.2 Percent YoY Growth; EBITDA Up 80.9 Percent

    Hyderabad, May 13: MTAR Technologies Ltd  a manufacturer engaged in manufacturing and development of mission critical precision engineered systems catering to Clean Energy – Civil Nuclear Power, Fuel Cells, Hydel & Others, Aerospace and Defence sectors has announced its audited consolidated financial results for the Fourth quarter and fiscal year ended March 31, 2026.

    MTAR Reports Rs. 306.1 Cr Revenue, 67.2 Percent YoY Growth; EBITDA Up 80.9 Percent

    YoY FY 26 vs FY 25

    • Revenue from Operations stood at Rs.876.2 Cr. in FY 26 as against Rs.676.0 Cr. in FY 25, 29.6% increase YoY
    • EBITDA reported at Rs. 171.2 Cr. in FY 26 as compared to Rs. 120.9 Cr. in FY 25, 41.7% increase YoY
    • Profit Before Tax stands at Rs. 126.1 Cr. in FY 26 as against Rs. 72.1 Cr. in FY 25, 75.1% increase YoY
    • Profit After Tax was at Rs. 94.0 Cr. in FY 26 as against Rs. 53.4 Cr. in FY 25, 76.2% increase YoY
    YoY Q4 FY 26 vs Q 4 FY 25
    • Revenue from Operations stood at Rs. 306.1 Cr. in FY 26 as against Rs. 183.1 Cr. in FY 25, 67.2% increase YoY
    • EBITDA reported at Rs. 61.8 Cr. in FY 26 as compared to Rs. 34.2 Cr. in FY 25, 80.9% increase YoY
    • Profit Before Tax stands at Rs. 59.5 Cr. in FY 26 as against Rs. 18.6 Cr. in FY 25, 219.4% increase YoY
    • Profit After Tax was at Rs. 44.3 Cr. in FY 26 as against Rs. 13.7 Cr. in FY 25, 222.3% increase YoY
    Q0Q Q4 FY 26 vs Q3 FY 26
    • Revenue from Operations stood at Rs. 306.1 Cr. in Q4 FY 26 as against Rs.278.0 Cr. in Q3 FY 26, 10.1% increase QoQ
    • EBITDA reported at Rs. 61.8 Cr. in Q4 FY 26 as compared to Rs. 64.0 Cr. in Q3 FY 26, 3.5% decrease QoQ
    • Profit Before Tax stands at Rs. 59.5 Cr. in Q4 FY 26 as against Rs. 46.1 Cr. in Q3 FY 26, 29.1% increase QoQ
    • Profit After Tax was at Rs. 44.3 Cr. in Q4 FY 26 as against Rs. 34.7 Cr. in Q3 FY 26, 27.7% increase QoQ
     
    Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies Limited said,
     
     “The Company witnessed a phenomenal year marked by robust revenue growth and the highest ever inflow of orders, reflecting our continued pursuit of delivering technology intensive and differentiated precision engineered products.
     
    The Company continues to focus on high growth sectors and expects a strong inflow of orders in FY27 across its key business verticals. Backed by strong execution capabilities, expanding capacities, and favourable industry trends, we remain confident of sustaining our growth momentum in the years ahead.
     
    In addition, the Company expects a sequential improvement in margins over the coming quarters due to higher operating leverage and a favourable transition in the product mix towards volume-based production.”
  • Famous Fitness Influencer Ashton Hall Lands in India to Fulfil Viral Challenge and Collaborate with influencer Yogendra Kushwah

    Famous Fitness Influencer Ashton Hall Lands in India to Fulfil Viral Challenge and Collaborate with influencer Yogendra Kushwah

    New Delhi/Gwalior, May 12: Social media witnessed a powerful moment of connection and influence as Ashton Hall, the globally renowned fitness influencer from Florida, USA, arrived in India to honor his viral challenge promise. Ashton, celebrated worldwide for his high-energy fitness reels, motivational content, and lifestyle vlogs, has amassed millions of followers who admire his dedication, creativity, and authenticity.

    A few weeks ago, Ashton challenged Gwalior-based Indian fitness influencer Yogendra Kushwah, popularly known as the “Ashton Hall of India.” Yogendra, a passionate content creator, has built his local fame by recreating Ashton’s signature fitness reels in a desi style—adding cultural flavour and relatable humour that resonates deeply with Indian audiences. When Ashton promised to fly to India if Yogendra’s video crossed 500,000 likes, the Indian creator’s reel went viral, surpassing the milestone. Ashton then raised the stakes: if the video hit 1.5 million likes, he would not only visit India but also collaborate with Yogendra and gift him a car. The video smashed expectations, crossing the mark, and Ashton has now landed in Delhi, en route to Gwalior, to fulfil his word.

    Ashton Hall on arriving India, stated, “I’ve always believed fitness is about community and inspiration. Seeing Yogendra’s dedication and how he channels my content in his own style is incredible. Social media has no borders, it connects us all. I’m thrilled to be here in India to celebrate this journey together.”

    This collaboration highlights the transformative power of social media, where micro and nano influencers can achieve overnight fame by creating unique, relatable content. Yogendra’s journey from a local fitness enthusiast to a viral sensation underscores how platforms today democratize influence, enabling creators to connect with global icons and audiences alike.

    Ashton has been my idol for years. I started copying his reels just to feel closer to his energy, and never imagined it would bring him to India. This is not just a dream come true—it’s proof that passion and creativity can make anything possible”, said Yogendra Kushwah.

    The India tour is being managed and organized by Ono Creators, a leading Indian influencer marketing agency known for bridging international talent with local creators and audiences.

  • hubergroup Chemicals showcases advanced solutions for coatings and inks at Paintistanbul 2026

     

    hubergroup Chemicals

    At Paintistanbul 2026hubergroup Chemicals will present its broad, advanced portfolio for the coatings and inks industry. The key highlights at company’s stand are the new additive series ELARA

    May 13: hubergroup Chemicals, one of the leading manufacturers in the speciality chemicals sector, will once again exhibit at Paintistanbul, taking place from June 17–19, 2026, at the Istanbul Fuar Merkezi (IFM). Visitors can meet hubergroup Chemicals in Hall 6, Booth B11, where the chemical specialist will showcase sustainable, high-performance solutions for coating and ink technologies. Among the key highlights at company’s stand are the new additive series ELARA and the recently launched UV oligomer UHVPI-222200.

    Comprehensive portfolio for coatings and inks

    At Paintistanbul 2026, hubergroup Chemicals will present its broad, advanced portfolio for the coatings and inks industry. The range includes resins, pigments and concentrates, UV monomers, UV oligomers, and additives, designed to meet demanding performance and regulatory requirements.

    Two product innovations will take centre stage this year:

    • ELARA additive series: Developed for paint and coatings applications, the high-performance ELARA additive range addresses increasing technical and regulatory demands. The series is largely PFAS- and VOC-free, enabling more sustainable formulations without compromising performance.
    • UHVPI-222200 UV Oligomer: The newly introduced amine-modified polyether acrylate oligomer UHVPI-222200 enhances the curing behaviour and surface quality of modern UV-curing systems. Thanks to its high reactivity and robust performance even under challenging conditions, it is well-suited for a variety of energy-curable applications, including industrial coatings, UV flexo inks, organic photovoltaic devices (OPVs), and wood coatings.

    Furthermore, hubergroup Chemicals will inform about its capabilities in custom manufacturing (CMO), offering tailored solutions to meet specific customer requirements across the chemical industry.

    Strengthening partnerships in a key market

    Paintistanbul is one of the key industry events in the region, bringing together manufacturers, suppliers, and experts from the coatings and chemicals value chain. For hubergroup Chemicals, the exhibition serves as a valuable platform to strengthen relationships, explore new business opportunities, and gain insights into regional market developments.

    “We are pleased to participate in Paintistanbul for the second time and to engage with our partners and customers in this dynamic market,” says Burak Sezerel, Sales and Marketing Director at hubergroup Chemicals. “The event offers an excellent opportunity to present our portfolio and discuss how we can support our customers with high-performance and sustainable solutions.”

    hubergroup Chemicals looks forward to welcoming visitors at Booth B11 in Hall 6.

    Event details:

    June 17–19, 2026 Istanbul Fuar Merkezi (IFM), Istanbul, Turkey Hall 6, Booth B11

  • AD Ports Group Partners with Krivia Holdings and IRH Global to Boost Cross-Border Electronics Trade

    AD Ports Group Signs Strategic Collaboration Agreement with Krivia Holdings Limited and IRH Global Trading Ltd to Enhance Cross-Border Electronics Trade Through Abu Dhabi

    AD Ports Group Partners with Krivia Holdings and IRH Global to Boost Cross-Border Electronics Trade

     Abu Dhabi, UAE – 12 May 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of trade, industry, and logistics solutions, has signed a strategic collaboration agreement with Krivia Holdings Limited (KHL) and IRH Global Trading Ltd (IRHGT) to combine logistics infrastructure, digital trading capabilities, and structured trade payment solutions, accelerating cross-border electronics trade through Abu Dhabi.

    The collaboration aims to support the import, export, financing, warehousing, and movement of mobile phones and electronics, while helping position Abu Dhabi as a global hub for the sector through efficiency, transparency, connectivity, and scale.

    A key component of the initiative is MobyIX, a digital B2B trading platform, designed to facilitate the buying, selling, and movement of smartphones and electronics across international markets. The collaboration will explore how advanced AI and machine learning can be integrated with AD Ports Group’s logistics, warehousing, and digital trade infrastructure to support sector growth, complemented by IRHGT’s structured trade finance, liquidity solutions, and banking network to help traders scale efficiently across markets. 

    Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “This collaboration reflects AD Ports Group’s commitment to enabling smarter, more connected trade by integrating advanced digital capabilities with world-class logistics and industrial infrastructure. By supporting the development of an integrated platform for cross-border electronics, we are strengthening Abu Dhabi’s position as a global hub for trade, innovation, and investment, in line with the vision of our wise leadership in the UAE, while creating new opportunities for growth across our economic cities and wider ecosystem.” 

    Rishabh Jain, President, Krivia Holdings Limited, said: “We see strong potential to build a technology-enabled trading ecosystem in Abu Dhabi that addresses key gaps in warehousing, digital infrastructure, and access to working capital. By partnering with AD Ports Group and IRH Global Trading, we aim to create a scalable platform that enhances transparency, efficiency, and global connectivity for mobile and electronics traders via MobylX and TradCred.’ 

    Ali Rashed Alrashdi, CEO of IRH, said: “This collaboration reflects IRH’s commitment to enabling trade-led growth through innovative and scalable structured trade solutions. By supporting the development of a digitally enabled platform for cross-border electronics trade, we aim to help address one of the market’s key challenges: access to efficient, short-tenure supplier’s credit. Together with AD Ports Group and Krivia Holdings Limited, we see strong potential to create a more transparent, agile, and commercially attractive ecosystem that supports traders and reinforces Abu Dhabi’s role as a global centre for trade and investment.”

    The global mobile and electronics trading sector represents a significant growth opportunity, generating more than USD 36 billion annually. Over a projected three-year period, the initiative could facilitate over USD 12 billion in trade, support the import of approximately 64 million units into Abu Dhabi, and enable the establishment of an estimated 650 new companies within KEZAD.

  • Neurobion Introduces Nerve Pain Relief Cream That Provides Symptomatic Relief from Nerve-related Pain, Burning Sensation & Tingling

    Neurobion Introduces “Nerve Pain Relief Cream” That Provides Symptomatic Relief from Nerve-related Pain, Burning Sensation & Tingling

    Hyderabad, May 12:  Neurobionfrom the house of Procter & Gamble Health Limited, launched the new Neurobion Nerve Pain Relief Cream — a specialised topical solution designed to provide symptomatic relief from nerverelated paintingling and burning sensations in the hands and feet.

    As per the recent prevalence data, in India over 10 crore adults experience symptoms associated with nerve related discomfort like nerve paintingling or burning in the hands and feet, which can impact everyday activities such as walking, holding objects, or even resting at night[1]. Yet many people continue to rely on ordinary pain relief creams that are designed primarily for muscle (general) pain, often unaware that nerve discomfort requires a specialised approach.

    Neurobion Nerve Pain Relief Cream aims to address this unmet need through its superior formulation that contains 0.075% Capsaicin – a clinically proven ingredient that penetrates the skin & targets the root of the nerve pain. The formulation also contains Menthol, Camphor and Eucalyptus Oil, a blend of ingredients that provide a soothing sensation while supporting targeted symptomatic relief. 

    The cream features a convenient roll-on applicator, enabling easy, targeted, and non-messy application directly on either side of the hands and feet, to be used three to four times a day, leaving a gap of four to six hours between applications, or as advised by a healthcare professional. It is recommended for adults aged 18 years and above.

    Vijay Kumar Pampana, Marketing Director, P&G Health India said, “For over six decades, Neurobion has been trusted by millions of consumers and healthcare professionals as a reliable solution for nerve care. We understand that crores of adults in India experience symptoms associated with nerve discomfort and continue to rely on general pain relief solutions that may not be specifically designed for nerve pain. With Neurobion Nerve Pain Relief Cream, we aim to bridge this gap and provide consumers a targeted topical solution which is specifically designed to help manage nerve pain related symptoms in hands & feet. By combining clinically proven ingredients like Capsaicin, Menthol, Camphor and Eucalyptus Oil, along with a convenient roll-on applicator, the Cream enables targeted application while helping individuals get symptomatic relief from nerve pain and regain comfort and confidence in their everyday lives. At P&G Health, we remain committed to advancing science-backed innovative solutions that address the evolving needs of consumers across the country.” 

    Neurobion Nerve Pain Relief Cream is now available across leading pharmacies and retail outlets in India.

  • Moderate jump in Consumer Price Inflation (Year-on-Year) in April 2026 (3.48 percent) compared to March 2026 at 3.40 percent , good for consumer confidence, says PHDCCI

    India’s retail inflation (CPI) stood at 3.48% in April 2026 on a yearonyear basis, according to provisional estimates. Food inflation rose to 4.20% in April 2026 compared with 3.87% in March 2026. Rural food inflation at 4.26% was higher than urban food inflation which stood at 4.10%.

    “Among major commodity groups, transport inflation remained subdued at near-zero levels as Government of India has not increased retail pump prices despite Brent crude oil prices remaining above US$ 100 per barrel in the international markets since the East Asia Crisis” said Mr. Rajeev Juneja, President, PHDCCI.

    However, precious metal prices recorded comparatively higher inflation rates due to jump in international metal prices and depreciating INR vis-à-vis US dollar, he added. Silver, Gold/Diamond/Platinum Jewellery jumped (y-o-y) 144.34% and 40.72% respectively.

    On the other hand, at the food item level, potatoes, onions, motor cars and jeeps, peas and chickpeas, and air conditioners recorded the lowest inflation rates during April 2026.

    The moderation reflects relatively stable price conditions across several core consumption categories, particularly transport. However, food price pressures remain elevated in select commodities, indicating the continued importance of supply-side monitoring.

    “In India, recently, a deviation between food and non-food inflation trends continues to impact the inflation outlook. Volatility in agricultural commodities, baring seasonal commodities, and precious metals may continue to influence household inflation expectations in the near term,” said Dr. Ranjeet Mehta, SG and CEO, PHDCCI.

  • Newgen Software Named in The Adaptive Process Orchestration Software Landscape, Q2 2026

    May 11: Newgen Software has been recognized in Forrester’s ‘The Adaptive Process Orchestration Software Landscape, Q2 2026’, an overview of 35 vendors in the Adaptive Process Orchestration (APO) software market, authored by Forrester analyst Bernhard Schaffrik. Newgen Orchestrates Intelligent Enterprises at scale.

    About the Forrester APO Landscape Report

    Forrester defines Adaptive Process Orchestration (APO) software as “an automation platform that uses AI agents and nondeterministic control flows in addition to traditional deterministic control flows to meet business goals, perform complex tasks, and make autonomous decisions.”

    According to the report, “APO enables organizations to embed GenAI into their automation landscape, allowing them to automate increasingly complex processes and improve decision quality. By consolidating fragmented automation tools into a unified, governed backbone, APO helps leaders scale automation confidently, maintain control, and prevent unmanaged AI agent sprawl.”

    Commenting on the recognition, Runki Goswami, CMO, Newgen Software, said, The enterprise conversation around AI has moved beyond adoption to orchestration. Organizations today are not asking whether AI has potential; they are asking how to operationalize it across complex business ecosystems with trust, governance, and scale. We believe our recognition in the Forrester Research APO Landscape reflects Newgen’s vision of building intelligent orchestration at the core of the enterprise, where AI agents, human judgment, and business services work in harmony, adapt in real time, and deliver measurable business outcomes.”

    Newgen’s Recognition at a Glance

    The report maps 35 vendors across dimensions, including geographic & industry focus, deployment models, and company size. Newgen Software is listed in the Landscape with the following profile:

    ·         Geographic Focus: NA, EMEA, and APAC

    ·         Industry Focus: Financial Services, Insurance, and Healthcare

    ·         Deployment Models: On-Premises, Hosted Private SaaS, and Multitenant SaaS

    ·         Vendor Size Category: Medium ($100M to <$250M in category revenue)

    Extended Use Case Focus Areas

    As part of the report, each participating vendor identified the top three extended use cases it focuses on. Newgen Software’s three selected focus areas include:

    ·         High-Volume Processing

    ·         Orchestration as an MCP Service

    ·         Support for Long-Running Processes

    As enterprises grapple with the complexity of integrating AI agents into real-world business operations, NewgenONE provides a robust orchestration layer to bring AI agents, humans, and services on the same layer with governance, scalability, and industry-specific depth to stay compliant in a regulated environment.