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Trade Bank of Iraq celebrates grand opening of new headquarters in Baghdad

• Grand opening with guests representing government and the business community including Iraqi Prime minster representative and Adviser Dr Ihssan Al Hakim • The building features modern working environment and will house 670 employees • The new HQ is located in the heart of Baghdad on Al Rasheed Street, which holds a strong cultural and historic value   Dubai, United Arab Emirates - 26 June 2019:   Trade Bank of Iraq (TBI) officially opened its new headquarters in a special ceremony held today in Baghdad.   The opening ceremony was held in the presence of the Iraqi Prime minister representative and Adviser Dr Ihssan Al Hakim among other guests including Iraqi public, privet and international banks Directors, Government officials, Diplomats   Located in the heart of the city ......read more

Mimecast Names Top Channel Performers at Middle East Partner Connect

Mimecast focuses on working effectively with partners to help improve customers’ cyber resilience    Dubai, United Arab Emirates - 26 June 2019:   Mimecast (NASDAQ: MIME), a leading email and data security company, today announced the winners of its Middle East Partner Awards 2019. Five channel partners from the UAE were recognised across six categories for their performance over the past year. Mimecast revealed the winners during its annual Mimecast Partner Connect, held in Dubai, UAE in June 2019.   The following partners were recognised as top performers during the prior financial year:   • Largest Deal – IDC • Legend of The Year – Sincy Santosh, Bulwark Technologies • Technical Legend of the Year – Deepu Thomas, Bulwark Technologies • ......read more

Schneider Electric hosts ‘Innovation Talk' series for Regional Utilities

• Improved EcoStruxure grid to reinforce digital transformation of the distribution utilities augmenting operational profitability and topline growth • Ensures operational efficiency by optimizing asset costs and investment planning using predictive maintenance • Schneider Electric supports the Tarsheed initiative enabling reduced energy consumption with its digital solutions   Dubai, United Arab Emirates - 26 June 2019:  Schneider Electric, the leader in digital transformation of energy management and automation, hosted senior stakeholders from the utility industry at its first “Innovation Talk EcoStruxure Grid Dubai and Abu Dhabi 2019” series this week.  The events – attended by the key utility partners and customers of Schneider Electric - took place on 25th June in Dubai ......read more

United Arab Bank named CX Innovator at Genesys G-Summit Middle East 2019

UAB wins CX Innovator – Best Omnichannel Experience award, as the only banking institution to be recognized at the event this year. UAB offers true omnichannel to enrich customer experience    Sharjah, 26 June 2019:  The United Arab Bank P.J.S.C. (UAB) has won the CX Innovator award for Best Omnichannel Experience at Genesys G-Summit Middle East 2019 held in Dubai. The prestigious award was given in recognition of the bank's ability to provide seamless service across a variety of channels including web chat, voice, text, and email.    The award was presented to Mr. Ravi Bhatia, vice president, Head of Digital Banking, during an awarding ceremony held during the G-Summit.    Ahmad Abu Eideh, chief executive officer of UAB, said: "Having won such a prestigious award ......read more

Joyalukkas Exchange opens branches in 3 new locations in Kuwait

June 26,  2019: Joyalukkas Exchange, the money exchange arm of Joyalukkas Group, further enhanced its presence in the Kuwait region with the inauguration of 3 new branches.  The new branches were inaugurated by Mr. Antony Jos, Director, Joyalukkas Exchange in the presence of other dignitaries and customers. “Kuwait is a key market for Joyalukkas Exchange, we have a strong history here with our jewellery business and the response to our Exchange business has been as positive. I take this opportunity to thank the residents of Kuwait for their patronage and support and hope our 3 new outlets make their access to one of the Joyalukkas Exchange centers more convenient. At Joyalukkas Exchange, we are committed to serving our customers with the fastest, convenient, most innovative and best value in Money Exchange ......read more

Dubai Tourism Launches Hotel Emission Analysis Report

Industry report to provide an overview of individual hotel’s carbon emissions, enabling hospitality establishments to benchmark their sustainability performance against their peers Dubai, UAE, 25 June 2019:   Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has announced it will provide Dubai hotels with an individual Hotel Emission Analysis Report, offering an overview of each establishment’s emission performance in comparison to its peers using results from the Carbon Calculator software. Providing hotels with recommendations for improvement by referring them to the ‘12 Steps Towards Sustainability’ manual, which was launched by Dubai Tourism last year, the Hotel Emission Analysis report has been launched in line with the UAE’s 2021 National Agenda to promote ......read more

Mohammed bin Rashid Space Centre & Federal Youth Authority adopt logo for first Emirati mission into space

Dubai, UAE, 24 June 2019:   The Mohammed bin Rashid Space Centre (MBRSC), in cooperation with the Federal Youth Authority (FYA), adopted the logo for the first Arab and Emirati mission to the International Space Station (ISS) on 25 September. The mission is part of the UAE Astronaut Programme, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces in 2017, to train and prepare a team of Emiratis to be sent to space for various scientific missions. MBRSC highlighted that the logo was designed in cooperation with FYA. It reflects the creativity of Emirati youth, as well as their talent and contribution to the future of ......read more

Dex Secures in Principle Approval for Crypto Asset Exchange From Adgm's Financial Services Regulator

ABU DHABI, UAE, 24th June 2019:   DEX (Digital Assets Exchange) has secured in principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate a Crypto Asset Exchange as part of the wider digital asset regulatory ecosystem developed over the past year by the FSRA.  CEO and Founder of DEX Leon Smith said: “This is a significant milestone achieved for DEX and we are excited to be a part of the United Arab Emirates’ (UAE) financial growth. It’s exciting to be a part of a regulatory landscape that will help shape the international digital asset exchange ecosystem and encourage institutional participation in digital assets as an alternative asset class.” DEX will provide a platform for both retail and institutional grade investors to ......read more

MaK eco-friendly power solutions ensure less emissions and more fuel savings

LNG engines and digital power optimization The company’s environmentally friendly solutions are also cutting clients’ costs by driving down fuel consumption   Dubai, United Arab Emirates - 24 June 2019:   MaK Middle East LLC, established in Dubai in 2017 as the factory direct parts and service arm of parent Caterpillar Motoren has announced the next level of MaK branded eco-friendly and fuel efficient maritime propulsion system with its industry-leading LNG engines. Relying on Caterpillar’s many years of experience with gas as a fuel for land based power, MaK dual-fuel marine engines have successfully penetrated the maritime market, driving the industry’s adoption of gas technology.   Alan Naisby, Managing Director of MaK Middle East and MaK Asia said, “After much ......read more

Visa Prevents Approximately $25 Billion in Fraud Using Artificial Intelligence

Since pioneering AI in payments, continuous evolution of the technology in Visa Advanced Authorization helps drive commerce and consumer confidence   Dubai, United Arab Emirates – June 23 2019:   Visa Inc. (NYSE: V) today announced new analysis showing Visa Advanced Authorization (VAA) using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud—making the global payment ecosystem safer for retailers and consumers.i VAA is a comprehensive risk management tool that monitors and evaluates transaction authorizations on the Visa global payment network, VisaNet, in real time to help financial institutions promptly identify and respond to emerging fraud patterns and trends.   Visa processed more than 127 billion transactions between merchants and ......read more

CAFU to Llaunch a Research & Development Centre in Sharjah

Dubai Sharjah, UAE, June 23,  2019:   CAFU, the MENA region’s first fuel on-demand mobile application, today announced plans to launch its Research and Development (R&D) Centre in Sharjah. The move comes in line with the UAE’s vision of driving innovation within the region, and CAFU’s goals of being a key local contributor to the fields of technology, mobility and energy. The facility will be located in Sharjah Research Technology and Innovation Park.  Ever since CAFU’s launch, the unique fuel delivery service provider has been keen to reinvent the fueling process by using advanced technology coupled with shifting consumer behavior to create a revolution in the energy sector. The R&D facility will undertake activities to innovate, introduce new products and services to the ......read more

Khalifa Fund grants Emirati Entrepreneurs Association with financial and technical support

Abu Dhabi, 22 June 2019:  The Khalifa Fund for Enterprise Development (KFED) has recently awarded the Emirati Entrepreneurs Association (EEA) with a package of quality support programs, including financial and technical support, to be used for Emirati entrepreneurs’ skills and capacity development and creation of a suitable environment where their business projects could flourish. Mouza Al Nasri, Acting Chief Executive Officer at Khalifa Fund, said: “We consider the Emirati Entrepreneurs Association our strategic partner. We vow to cooperate and work with the Association to promote entrepreneurship and the small and medium enterprise (SME) sector in the country.” Al Nasri said that the KFED provides various forms of support to the Emirati entrepreneurs such as facilitating their participation in local and ......read more

Global Cinema Chain, Cinépolis, Announces Six New Cinema Locations in the Kingdom of Saudi Arabia

Cinépolis has announced that it will open 63 screens in six new cinemas across the Kingdom of Saudi Arabia The Cinemas will open in the cites of Riyadh, Jeddah, Dammam, Jazan and Najran The first of the six cinemas will open in Lulu Mall, Dammam in early 2020 Cinépolis will invest USD 300million+ in the Kingdom of Saudi Arabia over the next 3 years   Dubai, United Arab Emirates - 20 June 2019:  Middle East, 20 June 2019: Cinépolis, the largest cinema exhibitor in Latin America and fourth largest exhibition circuit in the world, has announced the locations of six new movie theatres in the Kingdom of Saudi Arabia.    The six cinemas will be rolled out across the Kingdom over the next two years, with the first due to open in Lulu Mall, Dammam, at the end of this year, four scheduled for 2020 ......read more

Alvarez & Marsal Releases UAE Banking Pulse Report for Q1 2019

Sector continues to perform well with higher profitability  Bank loan growth picks up pace even as deposits fall  Tightening liquidity expected in near to medium term over shrinking net interest margins (NIMs)   Dubai, United Arab Emirates - 20 June 2019:  Leading global professional services firm Alvarez & Marsal (A&M) today released its latest UAE Banking Pulse for Q1 2019, which shows that the UAE banks are generating healthy earnings despite tougher economic conditions. The fundamental theme in the three-month period ending March 2019 is a surge in profitability, underpinned by increase in loans and advances, and a stabilised yield on credit.    After steady growth over the last 18 months, this trend was reversed in Q1 2019. The report finds that overall operating income has ......read more

Better Connected: How smart packaging is changing the way we live and do business

By Dr. Paul Smith, Vice President, Xerox Research Centre of Canada Labels. We see them every day on routine items we depend on to get through life. Dubai, United Arab Emirates - 20 June 2019:  There are labels on our food, medicine, clothes and technology. They tell us crucial information to help guide our decisions: nutritional information about the food we consume; how to wash our clothes; how and when we should take medicine; and potentially life-saving warnings about certain products, such as chemicals or prescription drugs. How often do we actually read these labels? How much information do we actually absorb? For most of us, the answer is, “very little.” Today, brands deliver a disconnected customer experience. They rely on us, the consumers, to make purchasing decisions and understand a ......read more

HPE Advances Hybrid Cloud Strategy by Extending AI, Composability and Partnerships Across Portfolio

Empowers customers to build digital transformation with automation, more choice, optimized workloads, and a consistent cloud experience   Dubai, United Arab Emirates - 20 June 2019:  Hewlett Packard Enterprise (HPE) recently announced the continued expansion of its hybrid cloud portfolio with enhanced automation, more choice, workload-optimized solutions, and a consistent experience across clouds. These updates include extending AI-driven operations and composability across its portfolio, adding new workload-optimized infrastructure, and expanding choice of clouds through new partnerships with Google Cloud and Equinix.    Businesses embracing digital transformation are moving critical workloads to the cloud, and are looking to tap an increasingly diverse portfolio of intelligent and automation services, ......read more

Blueair Wins ‘Superbrands' Award in the UAE

Blueair voted by the Superbrands Council UAE and marketing professionals as one of the country’s strongest and trustworthy brands Dubai, UAE, June 19, 2019:  Blueair, a world leader in air purification solutions, today announced that it has been recognised as one of UAE’s strongest and most trusted brands by the Superbrands organisation, an independent authority and arbiter of branding excellence. Blueair was voted as a ‘Superbrand’ by a panel of top UAE business leaders and more than 2,500 senior managers and marketing professionals following a rigorous selection process. “Blueair believes in clean air for the next-generation - a vision that has been driving us on a journey of air innovation. Our company’s mission is to help as many people as possible, develop the best performing ......read more

Trade Bank of Iraq and Esds Software Solution Sign Mou for Developing Fintech and a Cloud Platform

Dubai, June 19, 2019: Trade Bank of Iraq (“TBI”) has entered into a Memorandum of Understanding (MoU) with ESDS SOFTWARE SOLUTION PVT. LTD, India (“ESDS”) to develop financial technology and a cloud platform in Iraq.    Alpen Capital (ME) Limited acted as the sole financial advisor for the transaction between the two firms, which aims to establish a long-term strategic relationship in the field of establishing and managing data centre, cloud solutions and virtualization and disaster recovery hosting solutions, financial technology solutions and other Information Technology services in Iraq.    As per the MoU, TBI will make a strategic investment in ESDS through subscribing to fresh equity shares in the Company.  ESDS, in turn, will subscribe to fresh equity shares in Information ......read more

Al Haramain Group Chairman Mohammed Mahtabur Rahman awarded UAE Gold Visa

Mr Mahtabur Rahman, President of Bangladesh Business Council in Dubai, Chairman of Al Haramain Group and Chairman NRB Bank, is the first Non-Resident Bangladeshi (NRB) businessman to receive the UAE Gold Visa Dubai, United Arab Emirates - 17 June 2019:  Mr Mohammed Mahtabur Rahman, Chairman and Managing Director of Al Haramain Group of Companies, Chairman of NRB Bank Ltd (Bangladesh) and President of Bangladesh Business Council in Dubai, UAE, is the first Non-Resident Bangladeshi to have been awarded a UAE Gold Visa, as per the latest announcement by the UAE government to extend the honour to distinguished investors, highly-skilled professionals and scientists, etc.     The recognition comes as Al Haramain Group celebrates 38 years of its presence in the UAE.     Mohammed Mahtabur Rahman is a ......read more

Dubai Parks and Resorts hosts Consul General of the Philippines in Dubai on the occasion of 121st Philippine Independence Day

Dubai, United Arab Emirates - 17 June 2019:  Randy Helou, Vice President Sales & Marketing, DXB Entertainments hosted Consul General of the Philippines Paul Raymund Cortes on the occasion of the 121st Philippine Independence Day for a celebration at Dubai Parks and Resorts. Dubai Parks and Resorts celebrated Philippine Independence Day with numerous activities including traditional cultural performances and fireworks.  

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Vatika Awarded Superbrands Status in UAE 2019

Dabur’s Vatika range has received industry-wide brand recognition  Dubai, United Arab Emirates - 17 June 2019:   Dabur Vatika, the leading natural hair care brand has been recognised as a Superbrand for 2019 by the UAE Super brands Council.    Dabur Vatika is renowned for its wide range of natural hair care products which have been developed with a deeper understanding of Arab consumers and their needs in the region. The brand is a pioneer in launching products with unique blends of natural ingredients for solutions of different hair problems. Dabur Vatika range has also launched products with unique ingredients like Turkish Black seed, Spanish Garlic, Moroccan Argan etc. Even well-known brands in the region do not have such unique products.  Dabur Vatika offers a full spectrum of products ......read more

Al-Futtaim Engineering & Technologies Sponsor annual Genesys G-Summit Middle East 2019

Dubai, United Arab Emirates - 17 June 2019:   Al-Futtaim Engineering & Technologies sponsored G-Summit Middle East 2019, in Dubai. Hosted by Genesys, the global leader in omnichannel customer experience and contact centre solutions, the event gathered over 300 thought leaders, industry experts, partners and customers.  G-Summit is an annual Genesys roadshow event offered in multiple cities worldwide that features conversations, presentations and networking with the leading authorities in the customer experience field from a variety of industries. Commenting on the event, Darko Makura, Chief Executive Officer of Al-Futtaim Engineering & Technologies, said, “As the premium partner for Genesys across UAE and KSA, we are extremely pleased to sponsor the annual G-Summit in Dubai. The event offers businesses ......read more

Barclays Named ‘Middle East Financial Services Advisor of the Year' in Mergermarket M&A Awards 2019

Dubai, United Arab Emirates - 17 June 2019:   Barclays has been named Middle East Financial Services Advisor of the Year 2019 in the prestigious Mergermarket M&A awards, in recognition of its leadership in the Financial Institutions space.  According to Mergermarket, the award is based on a number of factors, including Barclays’ commitment to client service and excellence, the high profile of advisory and capital market transactions and the banks global reach and execution capabilities. Khaled ElDabag, Barclays Head of Banking, Middle East North Africa (MENA) and David Nataf, Barclays Head of Banking, Central Eastern Europe Middle East North Africa (CEEMENA) jointly commented: “This award by Mergermarket is a testament to our strong presence in the Middle East, one of Barclays’ priority markets. ......read more

Sophos Boosts Intercept X for Server with Endpoint Detection and Response to Help Businesses of all Sizes Battle New Blended Cyberattacks

Dubai, United Arab Emirates - 16 June 2019:  a global leader in network and endpoint security, today announced Intercept X for Server with Endpoint Detection and Response (EDR). By adding EDR to Intercept X for Server, IT managers can investigate cyberattacks against servers, a sought-after target due to the high value of data stored there. Cybercriminals frequently evolve their methods and are now blending automation and human hacking skills to successfully carry out attacks on servers. This new type of blended attack combines the use of bots to identify potential victims with active adversaries making decisions about who and how to attack. The SophosLabs Uncut article, Worms Deliver Cryptomining Malware to Web Servers, underscores how easy it is for cybercriminals to leverage bots to discover soft targets. The report explains ......read more

Sharjah Chamber Concludes its Participation in the World Chamber Congress in Brazil

Rio De Janeiro – Sharjah, 15th June 2019:  The Sharjah Chamber of Commerce & Industry (SCCI) concluded its participation in the 11th edition of the World Chamber Congress (WCC), held in Rio De Janeiro, Brazil on June 12 – 14. Under the theme “Creating a Shared Future”, the event was attended by 1200 participants from more than 100 countries around the globe. The SCCI’s delegation comprised Maryam Saif Al Shamsi Assistant General Director, Support Services Sector and Abdul Aziz Shattaf, Assistant General Director, Members Services Sector, Fatima Khalifa Al Maqrab, Head of International Cooperation Department, Omar Ali Saleh, Economic Advisor to the Chamber, Sara Al Yahya, Executive Director of International Cooperation and Ali Al Jarri, an international exhibitions executive. The SCCI’s ......read more

Other Top Stories from Banking and Investments
 
Dubai Maritime Cluster Office and the Irish Maritime Development Office Boost Maritime Collaboration…

Two parties sign MoU to help promote trade, identify joint initiatives, and promote research and innovation Dubai, United Arab Emirates - 15 June 2019:  Dubai Maritime Cluster Office (DMCO) of Dubai Maritime City Authority (DMCA) has joined forces with the Irish Maritime Development Office (IMDO) to further boost the maritime collaboration between the two as both work towards ......read more

Jafza to Offer Long Term Visa Services to Customers…

The UAE’s Leading Free Zone Has Announced Plans to Help Customers Leverage New Visa Options  Dubai, United Arab Emirates, 15 June 2019: In its efforts to support the goals of the UAE Government, Jebel Ali Free Zone (Jafza), a key engine of economic diversification and leading source of foreign investment, is offering facilities to obtain long term visas for its customers to attract ......read more

Why the Italian bonds rally is overdone…

By Althea Spinozzi is a Fixed Income Specialist at Saxo Bank Dubai, United Arab Emirates - 13 June 2019:  The hunt for yield in the bond market has resumed in earnest as investors bet on dovish policy from global central banks. Be wary, however, of the pronounced rally in Italian sovereigns as Rome's European troubles look set to come back with a vengeance in the latter part of ......read more

Accelerated growth sees Amazon crowned 2019's BrandZTM Top 100 Most Valuable Global Brand…

• ‘Eco-system’ brands win over consumers as many traditional brand categories crumble • Consumer technology brands pass the $1 trillion brand value mark • Demand grows for ‘mindful marketing’ practices as the consumer voice strengthensin amore ethically-driven world   Dubai, United Arab Emirates - 13 June 2019:   With little sign ......read more

Mesrkanloo International Exchange signs an investor partnership agreement with Dubai Quality Group…

Dubai, United Arab Emirates - 13 June 2019:   Mesrkanloo International Exchange has signed an investor partnership agreement with Dubai Quality Group (DQG), to strengthen the quality, business excellence, innovation, technology, and leadership in the exchange sector. In appreciation ceremony for its investment in DQG’s initiatives, a delegation headed by Eng. Hassan Omar, ......read more

Leo Burnett MEA Wins Bee'ah Creative Contract…

Dubai, UAE, 12 June 2019:  Following a multi-agency pitch, Leo Burnett MEA has won the creative services assignment for Bee’ah, the Middle East’s sustainability pioneer, to further establish and strengthen its brand. The agency will develop an integrated re-launch communication strategy and design corporate and brand communications campaigns to forge a deep connection with the ......read more

Intertek awards Almarai ISO 9001:2015 certification across Saudi Arabia…

June 12 2019, Riyadh, Saudi Arabia:  Intertek, a leading Total Quality Assurance provider to industries worldwide, has awarded Almarai Company, Middle East’s leading food and beverage manufacturer and distributor, the ISO 9001:2015 certification for Quality Management Systems. The certification has been obtained for all Almarai’s operations in Saudi Arabia through a series ......read more

Concerns Over Privacy and Security Contribute to Consumer Distrust in Connected Devices…

New research shows privacy, security are frequently key consumer concerns and drive buying decisions 73% of consumers think people using connected devices should worry about eavesdropping, and 63% think connected devices are “creepy” in the way they collect data about people and their behaviors Dubai, United Arab Emirates - 12 June 2019:   A global survey conducted by ......read more

Vincitore Realty sells out 108 homes in the Dh375 million Benessere project in just three weeks!…

1. Vincitore Realty, Dubai’s Finest Bespoke Real Estate Developer, sold out Phase 1 of its new revolutionary project, Vincitore Benessere, in just 3 weeks from launch.    2. Vincitore Benessere, a project worth over Dhs 375 million, becomes one of Dubai’s fastest selling project in QI 2019, bridging the gap between Luxury, quality Lifestyle and Wellness in ......read more

Dp World, UAE Region's Strategic Solutions Boost the Automotive Sector…

Al Muallem: “We Offer Our Customers The Most Robust Infrastructure For Automotive Trade In The Region.” Dubai, United Arab Emirates, 10 June 2019:  DP World UAE Region’s strategic solutions and services have consistently catered to the automotive and spare parts sector, driving forward economic diversification in line with the UAE government goals. The trade ......read more

Schneider Electric Acquires Stake in AutoGrid…

Establishes co-innovation partnership focused on AI and machine learning solutions for distributed energy resources Dubai, United Arab Emirates - 10 June 2019:   Schneider Electric, a leader in the digital transformation of energy management and automation, has announced an investment in AutoGrid, a leader in flexibility management software for the energy industry.  The ......read more

Emirates NBD highlights commitment to preserving marine biodiversity on World Ocean Day…

Bank’s Keep the Creek Clean initiative clears more than 5,400kgs of waste from the ocean Dubai, 08 June 2019: Emirates NBD, a leading financial institution in the region, is celebrating World Ocean Day this year by highlighting its commitment to preserving marine biodiversity, under the bank’s Keep the Creek Clean marine conservation programme. The Keep the Creek Clean ......read more

NRI Businessman Rizwan Sajan becomes one of the first few foreigners to receive the 10-year visa…

The UAE has started issuing 10-year residence visas to select group of investors, professionals and scientists – as the country begins liberalising residency permits to gradually allow permanent residency   Dubai, United Arab Emirates - 01 June 2019:      1. UAE has started issuing 10-year residence visas to select group of investors, entrepreneurs, ......read more

Omega Gets on Board With Alinghi…

OMEGA and ALINGHI have joined forces in a brand new sailing partnership, just days before the launch of the GC32 season in Villasimius. Dubai, United Arab Emirates - May 29, 2019:   For more than 25 years, the prestigious Swiss watchmaker has shown a proud commitment to the world of sailing and it will continue that passion by accompanying the ALINGHI team on its competitive ......read more

Refinitiv report finds global companies to ramp-up innovation as 72% fall prey to financial crime…

 73% across the Middle East, spiking to 85% in KSA, are aware of financial crime in their global operations    85% across the region, rising to 92% in KSA, believe humans are a necessary asset to source trusted data and train algorithms     100% in KSA, 99% in the UAE believe that technology can significantly help with financial crime ......read more

UAE Exchange's Emiratisation Initiative Lauded by Ministry of Human Resources and Emiratisation…

Emerges as one of the top recruiters in the 100-day Emiratisation Accelerator Program Dubai, 28th May 2019:  UAE Exchange, a renowned financial services brand in the United Arab Emirates, received an appreciation award from the Ministry of Human Resources and Emiratisation for their commitment and contribution to the Emiratisation initiative under the Government Accelerators program. The ......read more

MEA region Wealth Expected to Grow at 6 Percent Annually Over Next 5 Years According to New Oliver ...…

Growth in Emerging Markets is Almost Twice the Rate of Developed Markets   Dubai, United Arab Emirates - May 26, 2019:  Oliver Wyman and Deutsche Bank today released their fourth annual Wealth Management report titled “Out of the pit stop - into the fast lane.” In 2018, Wealth Managers faced growing headwinds.    The report finds that global ......read more

Mali Prime Minister hails Khalifa Fund's support model for entrepreneurs and SMEs…

Abu Dhabi, 25 May 2019:  H.E. Hussain Jasim Al Nowais, Chairman of Khalifa Fund Enterprise Development (KFED)  has received  a delegation from the Republic of Mali headed by H.E Dr. Boubou Cisse, Prime Minister of  Mali at the Khalifa Fund headquarters in Abu Dhabi to explore and learn more about the Fund’s experiences in initiating the culture of leadership among UAE ......read more

Algerian delegation visits Dubai Customs for more cooperation…

Dubai, United Arab Emirates - May 25, 2019:    An Algerian delegation has recently visited Dubai Customs to view its experience in the risk engine, K9 Unit, and Riise; the new disruptive project of Customs World.   The Algerian delegation included Boutaleb Redouane, Director of Resource Department, Boudadi Smail, Director of Transport and Information Center, and Samir ......read more

Jafza and Dubai Chamber Team Up to Enhance Business in Dubai…

Dubai, United Arab Emirates, 25 May 2019:  Jebel Ali Free Zone (Jafza), the Middle East’s leading economic zone, and Dubai Chamber of Commerce and Industry have taken a major step forward in promoting ease of doing business in Dubai by introducing a new system that allows Jafza customers to obtain a Dubai Chamber Membership Certificate through its Dubai Trade portal. The integration ......read more

Icons club launched a coffee table book of inspiring stories…

May 23, 2019 - Dubai, UAE The prestigious Icons club launched an iconic coffee table book, which include many inspiring stories of UAE business tycoon’s journey. Present on the occasion were honourable Mr Vipul - Consul General of India, Mr Rizwan Sajan chairman of Danube Group and Icons Club along with other members of the club and creme de la crème of the society.  The book is ......read more

Lenovo Achieves Record Revenue for Fy18/19 Driven by Success of Intelligent Transformation Strategy ...…

• Lenovo posts record fiscal year results with revenue reaching all time high of US$51 billion, up 12.5% year-on-year • Intelligent Transformation strategy drives PTI jump to US$856 million – up more than four times at 459% YOY • Net income is US$597 million, an increase of US$786 million from last year • Strong fourth quarter performance included double-digit ......read more

Liz Taylor Named Chief Creative Officer of Leo Burnett Worldwide…

Dubai, United Arab Emirates - May 23, 2019:    Award-winning creative leader Liz Taylor will join Leo Burnett Worldwide as chief creative officer. Starting July 8, she will sit at the agency's Chicago headquarters leading the creative direction of the global agency network. Taylor will work alongside the network's creative leadership team to help build the agency's offering ......read more

Dawex Raises €5 Million to Accelerate the Development of the Data Economy…

Amadeus, Itochu Corporation, Bouygues Construction and Caisse des Dépôts invest to support innovation and data exchange technology.    Dubai, United Arab Emirates - May 23, 2019:  Dawex, a leading data exchange technology company and the operator of the largest data marketplace, today announced a new round of funding of €5 million with Amadeus (AMS.MC), Itochu ......read more

Schneider Electric Worldwide Employee Share Ownership Plan (WESOP) wins the ‘Best Plan ...…

Dubai, United Arab Emirates - May 22, 2019:    The Schneider Electric Worldwide Employee Share Ownership Plan (WESOP)  won the award for ‘Best Plan Effectiveness’ last week at the Global Equity Organization (GEO) annual meeting in The Netherlands. GEO is an international network meeting for professionals of equity plans, such as WESOP or Long-Term Incentive ......read more

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