Tourism and cross-border commerce continue to play a major role in East Africa’s economic growth, particularly in Tanzania,” said Bupe Mwakalundwa, Country Manager at Pesapal Tanzania. “By enabling UnionPay POS acceptance across our merchant network, we are equipping local businesses with the modern financial infrastructure needed to better serve international travellers, helping them thrive in the global digital economy”.

LG to Showcase an Expanded AI Orchestra Designed Around European LifestylesSEOUL, South Korea, Aug. 6, 2026 /PRNewswire/ — LG Electronics (LG) is inviting consumers from…

Award-winning online trading platform Mitrade Group is rolling out an upgraded MitradeGPT model to traders across the Middle East and North Africa (MENA) after receiving Global Business Magazine’s 2026 AI Broker of the Year award. The launch comes as growing use of AI in financial research raises questions about the accuracy, context and reliability of generated information. That reliance is evident in HSBC’s 2026 research involving UAE investors. It found that 83% of respondents use AI for finance and investment decisions, including 78% who use it for analysis and research. For brokers embedding AI, the challenge is not simply speed but presenting information accurately and in context.

MIAX achieved strong financial performance in Q2 2026 with record net revenue, adjusted EBITDA, and adjusted earnings. Total net revenue grew 35% year-over-year to $141.1 million, adjusted EBITDA increased 57% to $76.8 million, and adjusted EBITDA margin expanded by more than 700 basis points to 54%. Adjusted diluted earnings per share was $0.48. The company’s options business benefited from elevated market volatility during the quarter, which led to a 25% year-over-year increase in average daily volume to 11.0 million contracts.

MIAX Exchange Group reached a record year-to-date (YTD) average daily volume (ADV) of 10.9 million contracts through July 2026, a 26.3% increase from the same period in 2025.

The Global Environment Facility (GEF) Council today announced the selection of Diego Mesa Puyo as the family of funds’ next CEO and Chairperson. Mesa Puyo, an international leader in energy policy, economic development, and sustainability, and former Minister of Energy and Mines from Colombia, will serve an initial term of four years, aligned with the GEF-9 funding period and the last sprint towards critical 2030 environmental goals. Before his selection as the GEF’s next CEO and Chairperson, Mesa Puyo served as Deputy Chief of the Climate Policy Division of the International Monetary Fund. As Colombia’s Minister of Energy and Mines in the 2018-2022 administration, he led one of Latin America’s most ambitious energy transition agendas, launching market reforms that mobilized more than $3 billion in private investment and accelerated the deployment of variable renewable energy from near-zero levels to one of the fastest-growing clean energy markets in the region. He also played a central role in advancing energy transition and climate action legislation, embedding sustainability objectives in economic and development policy.

Envision Energy, a global leader in green technology, today announced a collaboration with Sasol, a global energy and chemicals company, to advance the design study of a potential green hydrogen system at Sasol’s Sasolburg operations in South Africa. The collaboration marks an important step in exploring how future energy system can integrate renewable power, energy storage and electrolyser technologies to unlock new pathways to support the development of lower-carbon fuels and chemicals, including potential applications in eMethanol and sustainable aviation fuel (eSAF).

MondeVita acquired a strategic majority position in Underscore District, the Milan based brand accelerator behind Magliano, GR10K and multibrand retailer WOK Store. The deal is the second step in MondeVita’s plan to build a new Italian luxury platform, adding brand development, retail and digital commerce to the manufacturing strength the group already owns. The transaction is supported by Underscore District’s existing shareholder base. Financial terms were not disclosed.

CHENGDU, China, Aug. 5, 2026 /PRNewswire/ — TONGWEI, a global leader in renewable energy and one of the world’s largest integrated photovoltaic manufacturers, has once…

LG’s 2026 OLED series, the G6, C6, and wireless W6, features the Alpha 11 AI Processor Gen3 for a noticeable step up in overall picture quality. Features range from the ultra-slim 9mm Wallpaper profile of the wireless W6 to the robust webOS platform, bringing unmatched aesthetic appeal and personalized intelligence to living rooms across the Gulf.

China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) has commissioned a specialty polyvinyl alcohol (PVA) resin facility with an annual production capacity of 50,000 metric tons at its subsidiary, Chongqing SVW Chemical Co., Ltd. The facility achieved stable operation during its initial startup and produced products that met quality specifications, with the first shipment already sent to Europe. The new facility increases the site’s total PVA production capacity to 210,000 metric tons per year, making it the world’s largest single-site production base for high-end PVA.

The EverestAir enters a market where air quality management is an urgent household necessity. Designed for the GCC Home: Where Space Meets Sand. With 20–30% of UAE residents suffering from allergic rhinitis and up to 36% of school-aged children affected by airborne allergies, the home often becomes a trigger zone. Open-plan GCC homes compound this challenge, as standard purifiers struggle to circulate clean air beyond their immediate vicinity. The EverestAir addresses this with coverage up to 126m² and a CADR of 612 m³/h, powered by VortexAir™ Technology 3.0.

On July 30, 2026, the opening ceremony for Wison’s Abu Dhabi subsidiary and its new office was held in Abu Dhabi, the capital of the United Arab Emirates. Since establishing its first overseas office in Saudi Arabia in 2008, Wison has been actively involved in energy engineering projects across the Middle East, steadily building its regional market expertise and international project execution capabilities. The establishment of the Abu Dhabi subsidiary and the opening of its new office mark a significant step in Wison Engineering’s strategy to deepen its presence in the Middle East and advance its internationalization efforts.

NuSummit Cybersecurity remains focused on applying AI responsibly, strengthening human expertise, and upholding the highest standards of customer trust. “AI is changing cybersecurity, but trust will determine how successfully organizations adopt it. We believe responsible AI must combine innovation with transparency, governance and human expertise. Becoming a Founding Signatory of the CREST AI Charter reflects our commitment to helping shape a trusted future for AI-enabled cybersecurity,” said Sameer Shelke, President Americas and Cybersecurity Services Head, NuSummit, and CEO, NuSummit Cybersecurity.

Fans gathered on the Champs-Élysées as the Esports World Cup 2026 celebrated creators, Clubs, players and communities through France’s largest free public celebration of gaming and esports. The festival featured the first public unveiling of an official Esports Nations Cup national kit, revealing Team France’s jersey, designed in collaboration with adidas, ahead of the inaugural tournament in Saudi Arabia this November. More national jerseys, including Saudi Arabia’s, will be unveiled in the lead-up to the competition.

Agthia Group PJSC (AGTHIA: UH), one of the region’s leading food and beverage companies, today reported its first-half and second-quarter of 2026 results, reflecting the growing impact of its multi-year transformation, with stronger cash generation, a materially healthier balance sheet, and a 14.4% increase in the interim dividend. The Group’s transformation gathered pace in H1 2026, as Agthia advanced its portfolio reset while navigating external challenges and cost pressures. For the first half, Group Revenue increased 7.4% year-on-year to AED 2.6 billion, underpinned by one-off sales under the UAE food security program. EBITDA climbed 35.8% to AED 310.5 million, with EBITDA Margin expanding 250 basis points to 11.9%, while Net Profit reached AED 121.4 million, up 147.4% year-over-year.

Guggenheim Abu Dhabi is a cornerstone of Saadiyat Cultural District, one of the world’s greatest concentrations of cultural institutions. Alongside Louvre Abu Dhabi, Zayed National Museum, Natural History Museum Abu Dhabi and teamLab Phenomena Abu Dhabi, it affirms Abu Dhabi’s cultural vision. As Director, Dr. Hillings will bring this vision to life leading the museum’s strategic direction, overseeing its inaugural exhibitions and programmes, and establishing an institution that is rooted in Abu Dhabi and connected to the world, one that connects cultures, inspires people and celebrates art from the 1960s to the present.

The Ajman Department of Tourism, Culture, and Media has achieved a new international milestone after receiving the ‘Star of Outstanding’ Recognition at the 2026 Global Challenge for World Heritage Education Innovative Cases (AWHEIC), organised by the World Heritage Institute of Training and Research for the Asia and the Pacific Region (WHITR-AP) in cooperation with UNESCO National Commissions. The Department was recognised for its ‘Promotional Stories’ initiative, which leverages storytelling to showcase cultural heritage and raise awareness of its significance, reflecting Ajman’s growing role in advancing innovative approaches in heritage preservation and education.

Proceeds from PCG Global’s first external capital raise will be deployed to accelerate project origination and execution across Southeast Asia, Oceania and the Middle East, where net-zero commitments and rising power demand are driving rapid growth for renewables. The company already has its first operational project in Indonesia and is advancing utility-scale opportunities in the region.

ICC Loyalty, serving 30+ banks and 11 million customers across 10+ countries, joins Mintoak. The combined entity now partners with more than 50 banks across 20+ countries. Combined annual revenue exceeds US$30 million with a profitability margin exceeding 30%.