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Deloitte: Private sector investments in Saudi Arabia education sector in the spotlight

KSA, 18 January, 2017:  Greater private sector engagement in education reform in the Kingdom of Saudi Arabia is expected in coming years as the country proceeds with its Vision 2030 and National Transformation Program (NTP), which set out ambitious targets for economic development and greater fiscal balance. Reform of the education sector is integral to Vision 2030 as a means to improve employment opportunities for young Saudis, and the Saudi government has allotted an additional budget that is recognized in the Vision 2030 budgets in order to support the reform process. As a strategic partner for the “Investment & Finance in Educational Buildings” Conference in Riyadh, Deloitte shared its wide-ranging regional and global experience on public-private sector initiatives and education reform during the two-day ......read more

Consumer experiences drive spending uplift at Dubai Shopping Festival, says Visa

Data from global payments technology company Visa sees card transactions in the first two weeks of DSF up 5 per cent versus the same period in 2016 Growth driven by spending on restaurants, attractions and theme parks  Card spend from in-bound visitors from the UK, Russia, India, Oman and Qatar increases Dubai, UAE; 18 January 2017:  Visa (NYSE:V), a global payments technology company, today announced that consumer spending on experiences, rather than more traditional sectors like fashion retail and luxury goods, saw the biggest growth during the first two weeks of Dubai Shopping Festival (DSF).  An increasing number of consumers are using their cards to pay for restaurants, attractions and theme parks and take advantage of the deals and offers available at this time of the year.   Visa’s ......read more

Massive ‘Invest in Sharjah' Presence At India's Most Important International Business Event

7,000 Indian companies operate in Sharjah Al Musharrkh: Sharjah is a gateway to markets with 4 billion consumers Sharjah, January 17, 2017:  The emirate of Sharjah, one of the prime industrial destinations in the Middle East and North Africa has made a striking impact at India’s Vibrant Gujarat Global Summit 2017, one of the nation’s most important business forums. As home to the region’s largest industrial areas, the Sharjah FDI Office (Invest in Sharjah), the promotional arm of the Sharjah Investment and Development Authority (Shurooq), occupied a significant area of the expo, with many of the department’s teams describing the exceptional investment advantages and business opportunities to a number of high-profile overseas decision-makers. Based at the immense and impressive stand, the many ......read more

Dubai Islamic Economy Development Centre, Astana International Financial Centre Sign Memorandum of Understanding to Enhance Cooperation in Islamic Economy

Al Mansouri: UAE hopes to enhance Islamic economy ties, forge responsible investment partnerships with Kazakhstan Dubai-UAE: 16 January 2017:  The Dubai Islamic Economy Development Centre (DIEDC) today signed a memorandum of understanding (MoU) with the Astana International Financial Centre (AIFC), to exchange expertise in the field of Islamic economy and finance, halal industry and human capital development. His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, and His Excellency Kairat Kelimbetov, Governor of AIFC, signed the MoU on behalf of the two government entities. His Excellency Sultan bin Saeed Al Mansouri said: “The agreement marks the start of a brand-new phase of cooperation between the UAE and Kazakhstan in the field of Islamic economy that is increasingly attracting ......read more

UAE is second largest FDI recipient in West Asia

Annual Investment Meeting AIM 2017 Welcomes Abu Dhabi Global Market (ADGM) as Key Advocate and Supporter of FDI and Growth   Dubai, UAE, 16 January 2017:  The Higher Organising Committee of the Annual Investment Meeting (AIM) 2017, to be held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, announced Abu Dhabi Global Market (ADGM) as the key supporter of its FDI report chapter which will be released at the event on 2-4 April at the Dubai International Convention & Exhibition Centre. “ADGM is pleased to be part of the AIM 2017 that brings together local and international industry leaders, policy makers, and the investment community to share best practices, discuss industry developments and establish new partnerships. FDI is a key contributor ......read more

Mashreq - First Local Bank to launch Virtual Corporate Card

A dynamic electronic payment platform, empowering Corporates with real-time transaction security and control Dubai – UAE, 15th January 2017:  Mashreq, one of the leading financial institutions in the UAE, today became the first local bank to launch the Corporate Virtual Card, enhancing its comprehensive product suite for Commercial Payments.  Mashreq Corporate Virtual Cards is a dynamic electronic payment platform, empowering corporates with real-time transaction security and control. This powerful tool, built on Mastercard’s In Control™ platform (ICCP), provides the highest levels of security against unauthorized and fraudulent purchases, supplemented by sophisticated reporting and reconciliation tools.  Pankaj Kundra, Head of Payments at Mashreq, said, Pankaj Kundra, Head of Payments at ......read more

ArabPlast 2017 concluded on a successful note

  Middle East exported 19.83m tons of polyolefins to world markets in 2016 up from 18.84m tons in 2015: Dubai, UAE, 14 January 2017:  ArabPlast 2017, the international plastics, petrochemicals and rubber industry trade fair, has concluded recently with ambitious aspirations for the future of the industry locally and regionally.  Under the theme of “together we innovate”, participants in the exhibition have reiterated their determination to adopt innovative strategies in order to develop their productions’ capacities in a sustainable and effective way. “In ArabPlast 2017, participants were able to find out about the latest technologies, machineries and trends of designing products that give a better quality of life to end users,” said Satish Khanna, General Manager of Al Fajer ......read more

ADNEC Names EDIC, Tawazun Holding and ADSB Partners at IDEX and NAVDEX 2017

Abu Dhabi-UAE: 11 January, 2017:  Abu Dhabi National Exhibitions Company (ADNEC) today announced a sponsorship agreement between IDEX LLC and leading national and specialty defence companies including Emirates Defence Industries Company (EDIC), Tawazun Holding and Abu Dhabi Ship Building (ADSB). The agreement endorsed EDIC as the strategic partner and Tawazun Holding as the principle partner for IDEX 2017 and named Abu Dhabi Shipping Building as the principle partner for NAVDEX 2017. Luc Vigneron, CEO, Emirates Defence Industries Company, Saif Mohamed Al Hajeri, CEO, Tawazun Holding, Mohamed Saeed Al Ghas, Corporate Commercial Director, Abu Dhabi Ship Building and Humaid Matar Al Dhaheri, Acting Group CEO, Abu Dhabi National Exhibitions Company attended the official signing ceremony.  Organised by ADNEC in cooperation ......read more

African Infrastructure Assets a Key Target for Middle East Islamic Investors

Tuesday, January 10th  2017 - DUBAI, UAE:  Major infrastructure projects in the Middle East and across Sub-Saharan Africa are increasingly becoming a key investment target for Islamic investors, according to Project & Infrastructure Partner at Jones Day, Nadim Khan.  Billions of US dollars’ worth of project capital from the growing Islamic economy is a potential source of investment for the type of mega infrastructure that underpins economic and social development across Sub-Saharan Africa. However, the legal and regulatory environments in key African nations will need to evolve to better accommodate the needs of Sharia investors.  “Infrastructure is the driving force behind the emergence and continued growth of Africa’s major new economies. And in order to sustain their trajectory and ......read more

Digitisation is becoming the most common trend among MENA businesses, says new Canon study

76% of MENA organisations believe that printing or copying documents is “essential” or “very important” for them  Report says MFDs have significantly improved productivity for around 50% of all end-users Middle East, 10 January, 2017:  Technology is shaping the future for businesses and digital documents and information are both driving companies forward and challenging them in new ways. According to Canon’s Office Insights report, digital documents are essential to workplace productivity and scanning has become a vital business element and its use is increasing.  According to the report, 76% of MENA organisations believe that printing or copying documents is “essential” or “very important” for them personally. While scanning is seen as very important by ......read more

Citrix Announces Significant Business Updates at Citrix Summit 2017

Acquisition of UniDesk, Roadmap to the Cloud, and Secure Mobility for Partners and Customers Among Highlights  Dubai, UAE. – January 10, 2016:  Citrix has announced at Citrix Summit 2017 its acquisition of UniDesk, the pioneering force behind developing the Windows application packaging and management technology known as layering. Also highlighted were solutions, tools and support services designed to enable customer progression to the cloud at various stages of the migration process. This comes as demand for an architecture that allows customers to manage workloads on their current infrastructure, while having the ability to migrate to one or more clouds grows considerably.  UniDesk is a market leader in application layering, allowing for unique advantages that streamline secure app delivery and VDI ......read more

Middle East's multi-billion-dollar aluminium industry continues solid upward growth

Global industry gears up for 5th edition of the region’s largest aluminum event, Aluminum Middle East 2017, being held in Dubai from 15-17 May 2017 Economic diversification set to further boost the region’s multi-billion-dollar industry Over 200 exhibitors from 30 countries expected to participate Dubai, United Arab Emirates; January 10, 2017:  Aluminium Middle East, the largest event of its kind in the region, will once again showcase the Middle East’s growing industry at its 5th edition being held from 15-17 May 2017 at Dubai International Convention and Exhibition Centre (DICEC). The exhibition will feature more than 200 exhibitors from 30 countries, and is expected to attract over 3,500 industry professionals from over 90 countries. This year, the Middle East posted the second highest ......read more

Jafza issues new company regulations

Sultan bin Sulayem: Changes reflect needs of an ever evolving market  Dubai, United Arab Emirates, 10 January, 2017:  Jebel Ali Free Zone (Jafza), a DP World Company, and the UAE’s flagship trade and logistics hub for the Middle East region and Africa, has issued a new set of guidelines for the Jebel Ali Free Zone Companies Implementing Regulations 2016 that enables foreign companies to transfer and continue operations in the free zone without the need to open a branch or establish a new company. For the first time, Jafza has brought together all the legal entities such as the Free Zone Establishment (FZE), Free Zone Company (FZCO) and Branches under one regulation and has introduced a new legal definition such as Public Listed Companies (PLC). Companies can restructure and rearrange their operations by converting ......read more

Dubai International Financial Centre Launches ‘FinTech Hive at DIFC', the Region's First FinTech Accelerator, Supported by Accenture

FinTech Hive at DIFC aligns with Dubai Plan 2021, empowering entrepreneurs to innovate and meet specific market needs Accelerator is aimed at transforming DIFC into a global FinTech innovation hub linking the US, European and Middle East, African and South Asian markets DUBAI, United Arab Emirates, 10 January 2017:  Dubai International Financial Centre (DIFC), the financial hub for the Middle East, Africa and South Asia (MEASA) region, and Accenture, a leading global professional services company, today announced the region’s first FinTech accelerator in Dubai.  Set to launch in the first quarter of 2017, FinTech Hive at DIFC, will bring cutting-edge financial services technology to the MEASA markets, while providing a platform that brings financial and technology firms together. Its goal is to increase access ......read more

Government of India Honours Dr. Seetharaman

Dubai, January 10, 2017:  Dr. R. Seetharaman, Doha Bank CEO was conferred with the Pravasi Bharatiya Samman Award (PBSA) by the Hon’ble President of India, Shri Pranab Mukherjee at the PRAVASI BHARTIYA Divas Convention on 9 January 2017, which is the highest honour conferred on overseas Indians by the Government of India in recognition of their achievements both in India and abroad. The PBSA was conferred was for his significant contribution to building closer links between India, the overseas Indian community in GCC and their GCC Countries and for the welfare of the local Indian community in GCC.  Some of the key initiatives brought by him include arranging Credit and Investment facilities to Indian corporates and FIs. Facilitated average annual remittances to India over last decade, created employment opportunities ......read more

Google Appoints New Managing Director for its Business in MENA

Dubai, UAE, January 9, 2017:  Google announced today that Lino Cattaruzzi has joined its business in the Middle East and North Africa to lead its operations as their new Managing Director. Lino Cattaruzzi comes with over twenty years of experience in the tech industry where he previously led the Google business in Mexico as Country Director and before that Argentina. Cattaruzzi also spearheaded the global Sales Strategy team for Online Media Solutions at Google’s headquarters in California; and was in charge of the Online Sales Organization for Germany, Switzerland and Austria while based out of Dublin.  Lino comments “After eight years at Google, I am excited to start a new challenge within the company and look forward to working with some very talented Googlers here in the Dubai office. I find the MENA ......read more

UnionPay collaborates with Mashreq Bank to launch Quickpass in the UAE

Mashreq Bank will be the first bank in the Middle East to launch UnionPay’s contactless payment service.  Dubai, UAE, 09 January 2016:  Global payment network UnionPay International and Mashreq Bank have announced a collaboration to bring QuickPass – UnionPay’s secure and efficient proprietary contactless payment service – to the United Arab Emirates for the first time.  QuickPass enables consumers to pay for goods and services by tapping their QuickPass card at a Near Field Communication (NFC) point-of-sale (POS) terminal. The card uses technology to provide a secure method to make purchases via a credit or debit card without the need to enter a PIN number, vastly improving the speed of the transaction.  Han Wang, General Manager at UnionPay international Middle East, said: ......read more

TAG Heuer and Zenith join forces to create the LVMH School of Watchmaking in partnership with the LVMH Institut des Métiers d'Excellence

Two manufactures with a shared vocational training program, accompanied by an introduction to the disciplines of craftsmanship, creation and sales, as part of the partnership with the LVMH Institut des Métiers d’Excellence (vocational training program). Dubai, UAE, January 8, 2017:  Transmission of expertise, encouraging learning, promoting equal opportunities… LVMH highlights and sustains traditional crafts via the apprenticeship training programs offered by its companies. This will not include the discipline of watchmaking.  Following the ceremony to mark the start of a new year at the Institut des Métiers d'Excellence in Paris on 18th October, which saw the first official promotion of the LVMH School of Watchmaking, TAG Heuer and Zenith will today open the new School. Under the leadership of ......read more

Air Miles Partners With Marka to Welcome in the New Year

Dubai, UAE, January 7, 2017:  Following the announcement of the partnership between Air Miles Middle East and Marka PJSC (DFM: MARKA), the first public joint stock retail operator in the UAE  in July 2016, Air Miles customers can now take advantage of a great new offer with Marka. For the first time, Air Miles customers will be able to redeem 7,000 Air Miles (usually the minimum redemption is 14,000 Air Miles) for an AED 50 voucher to spend at any of Marka’s 19 brands including Cheeky Monkey’s, Reem Al Bawadi, Modell’s and Taste of Italy in the UAE. This offer will run for one month from 1st January 2017 – 31st January 2017. This latest offer follows a prize draw last month where two lucky Marka customers won 1 million Air Miles.  To find out more information about collecting and redeeming ......read more

GAC HSSE Awards Recognise Practical Improvements

Dubai, United Arab Emirates, 5 January 2017:  The results of GAC’s 2016 Chairman’s Awards for HSSE Excellence again reflect the positive impact of small, practical steps to improve the health, safety, security and environment of the Group’s companies. 29 entries were received for the annual Award, which was started as the Chairman’s Award for Environmental Excellence in 2012 and extended in 2015 to also encompass health, safety and security initiatives.  Measures to reduce oil wastage during the maintenance of the HullWiper ROV earned GAC EnvironHull the top prize. Maintenance teams working on the eco-friendly hull cleaning system identified the need to cut down on spilled oil and the financial and environmental costs involved. GAC EnvironHull responded with a three-pronged ......read more

Xpress Money Christmas Promotion brings joy to receivers in the Philippines

Promotion also catalyses 20% increase in customer acquisition for Xpress Money across UAE, Qatar and KSA. Dubai, 5 January 2017:  Xpress Money, one of the most dependable money transfer brands in the world, has announced the winners for its special Christmas promotion - ‘Pamaskong Handog ng Xpress Money’ - for its Filipino customers. The campaign, which ran from October 25th to December 8th 2016, gave Filipinos receiving money from their loved ones in the UAE, Qatar and KSA a chance to win exciting cash prizes. All transactions sent from these countries to the Philippines during the promotion period automatically qualified for electronic lucky draws.  The campaign, which distributed PHP 50,000 to 10 grand prize winners, and PHP 5,000 sums to another 100 beneficiaries, saw Xpress Money increase new ......read more

Sharjah Plans for a Bold New Future

Second Sharjah Forum to take place on Sunday, January 8 at the Mleiha Archaeological and Eco-tourism Project   Forum will host international experts and discuss an array of economic initiatives designed to take the emirate forward  Sharjah, January 4, 2017:  Sharjah Investment and Development Authority (Shurooq)’s bold plans to boost the economy of Sharjah will be outlined at the Second Sharjah Forum, which is being held on Sunday, January 8 at Mleiha Archaeological and Eco-tourism destination, kick starting from 9:00am until 3:30pm.  Titled ‘The Future of Sharjah,’ the event is being hosted under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah Crown Prince, Deputy Ruler and Chairman of the Executive Council; and is held under the presence of ......read more

Empower registers 255,000 client-servicing transactions in 2016

Dubai, UAE, 4 January 2017:  Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, said that it has registered 255,000 client-servicing transactions in 2016 ranging from face to face client servicing in the branches, telephone calls and e-mail correspondences.  This represents a breakthrough in the use of modern methods and techniques in managing day to day queries and transactions at Empower as the company has accommodated the increasing number of customers reflecting the expansion of its district cooling network in Dubai. “In 2016, our client servicing department has seen significant development of advanced technologies in order to keep abreast of increasing demand. Via these technologies, we were able to cater to the needs of the year 2016, which has ......read more

FX Update: USD needs to get its engines revving

Time for the USD rally to kick back into high gear after ugly holiday wobble USD bulls should rumble once more, barring any data pitfalls US ISM surveys and NFP are this week's most important data releases Dubai, UAE, January 4, 2017:  The strong run-up in interest rates eased markedly just after their latest surge around the December 14 Federal Open Market Committee meeting. So with perfect hindsight, it appears that bond markets saw a sell the rumour, buy the fact pattern around that meeting, with a large subsequent consolidation that has coincided with a pause in the USD rally.  With liquidity returning to the market in the New Year, the end-of-quarter, end-of-year mentality out the window and no change in the fundamental setup, it would seem time for the USD bulls to rumble once again, provided the US ......read more

Kamal Vachani, Group Director of Al Maya Group meets H.E. Mr Yash Sinha in London

Courtesy meeting of Kamal Vachani, Group Director of Al Maya Group with H.E. Mr Yash Sinha, who has taken over as High Commissioner of India at Indian High Commission, London last December, 2016.

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Other Top Stories from Banking and Investments
 
Software AG ends ‘Digital Business Day' in Riyadh on a high note…

January 17, 2017: As part of its ‘Digital Future Tour’, Software AG recently  held its marquee event, the ‘Digital Business Day,’ in Riyadh, Saudi Arabia in association with the Kingdom’s National Information Center (NIC). Executives from leading Saudi organizations gathered for the one-day event to learn how to effectively harness the power of cutting-edge ......read more

DuPont Named Clarviate Analytics 2016 Top 100 Global Innovator…

UAE, January 16, 2017 – Clarviate Analytics has named DuPont a 2016 Top Global Innovator for the sixth consecutive year. The program, based on proprietary data, recognizes the most innovative corporations and institutions in the world that shape the future through the development and commercialization of breakthrough technologies. “Each and every day, DuPont scientists and ......read more

Imdaad signs MoU with Al nokhba Model School in Dubai to build state-of-the-art STEM laboratory and ...…

January 14, 2017 – As part of its contributions to help improve human capital skills in the country in accordance with UAE Vision 2021, Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, has expressed its optimism for the year 2017 and has forged a strategic partnership with Al nokhba Model School in Dubai to convert a huge hall at the ......read more

Imdaad generates AED 500 million in revenue in 2016 to record 8 to 10 per cent growth over previous ...…

Rebrands visual identity with a new logo to complement its strategy for expansion & innovation January 09, 2017:  Imdaad, the GCC’s leading integrated facilities (FM) company based in Dubai, has expressed its optimism for the year 2017, registering an estimated revenue of USD 136.1 million (around AED 500 million) in 2016, which is an increase of 8 to 10 per cent. In ......read more

Hisham Wyne helps Mashreq Bank announce new vision and mission…

International MC, presenter and speaker sparked engagement from 600-strong audience December 2016: Mashreq, one of the leading banks in the UAE, hired international presenter, speaker and moderator Hisham Wyne to assist in disseminating the brand’s new values at a gala dinner held at Dubai’s five-star JW Marriott Marquis hotel in December 2016. The high-powered event was attended ......read more

Statement by H.E. Ahmad bin Meshar Al Muhairi Secretary General of the Supreme Legislation Committee…

The 4th of January concludes a series of extraordinary achievements, and witnesses the launch of a new era of progress under the wise leadership of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who redefined the principles of ambition, excellence and wisdom through his leading achievements and pioneering vision since he took over the ......read more

beIN establishes six owned-and-operated retail locations to better serve UAE customers…

United Arab Emirates, 04 Jan 2017: beIN, the regional leader in pay-TV and entertainment industry, announced its entry into UAE’s retail sector with the launch of six beIN owned-and-operated locations.  These six locations have been inaugurated in prestigious Majid Al Futtaim Malls across Dubai, Sharjah, Ajman and Fujairah.  The company plans to expand its presence in Abu Dhabi ......read more

Ginolis Expands Globally with First Asia Pacific Office in China…

Dubai, UAE, January 4, 2017:  Ginolis Ltd, a leading provider of assembly automation and high precision liquid handling solutions for the diagnostic and medical device industries, today announced the opening of its first Asia Pacific office located at Century Financial Mansion in Suzhou, China. The representative office will provide sales and technical support to Ginolis’ customers ......read more

5 New Year's Resolutions for Leaders…

Simple ways to become the best leader possible in 2017 By Mike Hoff, Certified Gazelles International Coach and Founder of MHC Dubai, UAE, January 4, 2017:  Whether you want to be more inspirational or need to learn the latest in recruitment trends, make 2017 your best year with these top five New Year’s resolutions to improve your managerial style and lead your team to ......read more

Amlak successfully renegotiates restructuring terms with its Financiers…

Dubai, UAE 3 January 2017:  Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, today announced that it has successfully renegotiated certain parts its restructuring terms with its financiers. In 2014, Amlak Finance PJSC successfully completed its restructuring paving the way towards the company’s shares being readmitted for trading on the DFM and the ......read more

Steelcase Releases 2016 Corporate Sustainability Report…

Company Celebrates Achievements in Sustainability, Community Involvement and Diversity   Dubai, UAE, January 3, 2017:  Steelcase Inc. (NYSE:SCS) is celebrating notable progress of the company’s sustainable performance around the world with the release of its 2016 Corporate Sustainability Report. Over the past year, Steelcase pursued a number of continuous and coordinated ......read more

Oman ORIX Leasing Company raises USD 25 million bilateral term facilities from regional banks…

Dubai, 3rd January, 2017:  Oman ORIX Leasing Company SAOG (“Oman ORIX”), one of the leading Non-Banking Finance Companies (“NBFC”) in Oman, has successfully raised USD 25 million bilateral term facilities from regional banks.  The term facilities were provided by BBK BSC (“BBK”) and the National Bank of Ras Al Khaimah (“RAKBANK”) and ......read more

2016 Was a Year of High Achievements for Sharjah, Says Crown Prince…

EMIRATE CONTINUES ITS MARCH OF PROGRESS ON ALL FRONTS; UNVEILS SEVERAL DEVELPMENT PROJECTS AND INITIATIVES FOR PEOPLE’S WELFARE   SHARJAH, January 2, 2017:  His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council, has asserted that Sharjah’s developmental march continues on all ......read more

Menacorp ranks first on Dubai Financial Market and Nasdaq Dubai for 2016…

January 2, 2017: Menacorp has been ranked the number one securities brokerage firm in Dubai for the full year 2016 in terms of trade value and market share, according to official data published by the Dubai Financial Market (DFM) and the Nasdaq Dubai. The investment firm topped 49 competing companies to take the highest position on the DFM and posted an impressive 60.51 % market share for equity ......read more

10 Questions You Need To Ask Your Bank…

Dubai-UAE: 31 December, 2016:  As the New Year approaches, it brings with it new expectations, new aspirations and new resolutions. Along with shedding a few kilos, picking up a new skill or travelling to a faraway land, it’s also time to get a handle on your finances. Here are a few questions for your bank as a first step in this direction. Ask all the usual questions, even if you ......read more

MAZ Go Business 3rd Annual Seminar attracts financial and accounting leaders to discuss key issues…

Market intelligence and networking platform builds momentum as it gathers senior industry decision-makers in third outing. Dubai 29 December,2016:  MAZ Chartered Accountants, the region’s leading audit, taxation, financial and management consultancy has held its 3rd MAZ Annual Seminar. The Seminar’s third iteration built on previous years’ success to curate a powerful ......read more

Ericsson and SpeedCast International announce global partnership…

Ericsson selects SpeedCast International Ltd as its satellite connectivity solution partner Agreement to provide seamless communication globally between ship and shore, supporting end-to-end solutions for the maritime sector New communications services are immediately ready for use Dubai, UAE, December 29, 2016:  Ericsson (NASDAQ: ERIC) and SpeedCast International Ltd have ......read more

UAE Banks Federation Supports 2017 Fraud Conference Middle East as a Strategic Partner…

Dubai, UAE, December 28, 2016:  The UAE Banks Federation (UBF), the professional body representing 49 banks in the UAE, announced today its whole weight contribution as strategic partner for the 2017 ACFE Fraud Conference Middle East, set to take place in Dubai from 29-31 January 2017 at Atlantis, the Palm.  Held under the patronage of His Excellency AbdulAziz Al Ghurair, Chairman of ......read more

Strategic partnership between Dubai Quality Group and Ajman Free Zone…

Dubai, UAE, December 27, 2016:   Ajman Free Zone (AFZ) signed an investor partnership agreement with Dubai Quality Group (DQG) to activate fruitful cooperation between both parties to foster quality, business excellence, and innovation in the workplace. The signing ceremony was attended by senior officials from both the organizations. The delegation from DQG was headed by Eng. Ahmed Al ......read more

Al Ansari Exchange allocates AED 25 million to support the initiative…

UAE, December 26, 2016 - In response to the declaration of 2017 as the ‘Year of Giving’ by H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has allocated AED 25 million to support charitable and humanitarian work in the upcoming year. The move reinforces the company’s desire to ......read more

CMCS inks deal with ‘Computer Line Associates' for distribution of TMS solution in the Middle East…

UAE, December 26, 2016 - Collaboration Management & Control Solutions (CMCS), the leading in Project Management Information Systems, has secured a partnership agreement with ‘Computer Line Associates’, the leading provider of planning and engineering software. The latest collaboration allows CMCS to market, sell and implement TMS -- an ‘Add In’ software application, to ......read more

Industry partners commit to NFV interoperability testing initiative…

To further enhance Network Functions Virtualization (NFV) industrialization and support the Open Platform for NFV (OPNFV) project, Cisco, Ericsson, Huawei and Nokia signed Memorandum of Understanding to create the NFV Interoperability Testing Initiative (NFV-ITI). The main objective of NFV-ITI is to promote competition and create industry alignment on generic principles for NFV ......read more

Nikai bags prestigious Sheikh Khalifa Excellence Award…

Dubai, UAE, December 26, 2016: ​  Nikai Electronics, a part of the Nikai Group of Companies, has been honoured with the Sheikh Khalifa Business Excellence Award (SKEA) in the Commercial sector. The prestigious award, an initiative of the Abu Dhabi Chamber of Commerce & Industry, aims at providing continuous improvement and enhancing competitiveness within the business sector ......read more

TASC Outsourcing is the first talent solutions company in the region to win the Sheikh Khalifa ...…

Dubai, UAE, December 26, 2016:   TASC Outsourcing’s quality and excellence in recruitment and talent management have been recognised by the prestigious Sheikh Khalifa Excellence Awards (SKEA) 2016. TASC is the first staffing company in the region to win this award. It has been honoured with the award in the Silver Category for excellence in the Small and Medium Enterprises ......read more

Al Habtoor Group and Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development ...…

26 December 2016 -  DUBAI, UAE:  The Al Habtoor Group signed a Memorandum of Understanding (MoU) with Mohammed Bin Rashid Establishment for SME Development at the Al Habtoor Group head office.  The MoU, for a period of one year, constitutes an understanding of collaboration between Al Habtoor Group and Mohammed Bin Rashid Establishment for SME Development where the Al ......read more

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