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Xpress Money sees 12% rise in remittances in the first two weeks of Ramadan

Season of generosity translates to more remittances to friends and family back home  Dubai, June 24, 2017:  Xpress Money, one of the world’s most dependable money transfer brands has recorded a 12% increase in remittances in the first two weeks of Ramadan as compared to the same period last year (first 2 weeks of Ramadan last year). The increase is reflected in outward remittances to South Asia, the Levant and other parts of the MENA region.  “Ramadan is the month of giving, and we traditionally witness that remittances back home to friends and loved ones increase during the month. This year, we have registered a 12% increase in remittances in the first two weeks of the holy month, and this figure may change once we tabulate data for the entire month after Eid-al-Fitr. The increased remittances are a ......read more

ENBD REIT Announces First Dividend Payment of USD 0.0382 per Share

Annualised equivalent dividend yield is 7.1%  Dividends will be paid to shareholders on 12th July 2017  Dubai, United Arab Emirates, 22 June 2017: ENBD REIT (CEIC) Limited (“ENBD REIT” or the “REIT”), the Nasdaq Dubai-listed Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management, has announced its first dividend payment since listing on Nasdaq Dubai in March. The REIT will pay an interim dividend of USD 9,713,207, or USD 0.0382 per share. Shareholders must own shares in ENBD REIT before market close on 2nd July 2017 to be entitled to claim a dividend. The dividend record date will be 5th July 2017.  The dividend payment represents an annualized dividend yield of 7.13%, based on ENBD REIT’s closing share price of USD 1.08 on 21 June 2017 and ......read more

Mashreq wins big at Global Gallup Awards

For the 4th consecutive year since 2014, Mashreq receives the Great Workplace Award again in 2017 United Arab Emirates, Dubai, 20 June 2017:  Mashreq, one of the leading financial institutions in the UAE, proudly announces that it has won the Gallup Great Workplace Award in 2017, thus winning this award for the 4th consecutive year. This is an exceptional milestone win, as no other bank in the region has achieved this status to date. This win places Mashreq in a pool of 37 global companies who have won this award in 2017, recognising the bank as a world-class employer. Gallup has surveyed millions of employees around the world to determine what sets great workplaces apart regardless of company size, location, or industry. The very best organizations all share one trait – their intentional focus on engaging their employees. ......read more

Crescent Enterprises' 2016-2017 Sustainability Report Demonstrates Positive Impact on Society, Environment

Company’s corporate citizenship programme impacted 34,476 community members in 2016 Achievements include creating 406 jobs bringing total employee count to 4,585 across operating businesses Company enables long-term growth through ethical business practices, socioeconomic development, nurturing talent, and environmental stewardship while ensuring profitability  Dubai-UAE: 19 June, 2017 – Crescent Enterprises, the UAE-based diversified conglomerate, has released its 2016-17 Sustainability Report that examines year two of the company’s three-year sustainability roadmap (2015-2017) and outlines a long-term vision for addressing social, governance, and environmental goals across all aspects of its operations. The report evaluates a wide variety of sustainability indicators that are aligned with the ......read more

ADNOC Distribution Signs Agreement with Abu Dhabi Police to Enhance Technical Inspection Services for Light Vehicles

Abu Dhabi, 17 June, 2017:  The General Headquarters of Abu Dhabi Police (ADP) has signed an agreement with ADNOC Distribution, to diversify and enhance the services of light Vehicle Inspection Centres (VICs) provided by ADNOC Distribution in the Emirate of Abu Dhabi. The agreement will strengthen the strategic partnership between both sides with the aim of promoting sound traffic safety practices in the emirate. The agreement was signed by General Maktoum Ali Al Sharifi, Director General of Abu Dhabi Police, and Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, in the presence of their senior officials. ADNOC Distribution currently provides light vehicle inspection services in 21 locations across Abu Dhabi emirate: these include eight centres in Abu Dhabi and its suburbs, six in Al Ain region and ......read more

Regional Banking and Financial Institutions are Well on their Way to Raising Cyber Resilience, Though Fall Short on Board Level Representation

  Results from a survey recently conducted by DarkMatter indicate that cyber security awareness within banking and financial services institutions is reaching new heights, with over 70% of respondents to the survey reporting that their organisations possessed a Chief Information Security Officer or equivalent senior management position. However, the objective for banks and financial institutions to embrace cyber security at an organisational level and have it permeate across all areas of the business is still some way off with only approximately half of respondents saying they possessed a Board-level representative with a cyber security focus.  Oversight for cyber security at Board-level is a significant step toward combating growing threats within organisations as it showcases an important shift in outlook to embracing ......read more

National Bonds Reveals Results of Financial Health Check for H1 2017

  73% of married couples save regularly, marking a 27% increase over previous results 62% of UAE residents, 43% of UAE nationals in 41-55 age group are committed to retirement saving plans 53% of families with children do not save for emergencies Dubai-UAE: 14 June, 2017 - National Bonds Corporation, the leading sharia-compliant savings and investment company in the UAE, announced the results of its financial health check for H1 2017 (from January until June 2017). The National Bonds financial health check spans four main categories – monthly saving for married couples, retirement saving for people aged 41 to 55 years old, on time payment of credit liabilities, and emergency savings for families with children. The latest survey included a sample size of 341 participants across different nationalities, of ......read more

Philips Lighting appoints new President for Middle East and Turkey Goktug Gur to assume new role starting June 15

June 13 2017: Dubai, UAE:  Philips Lighting (Euronext Amsterdam ticker: LIGHT) has announced the appointment of Goktug Gur as President for the Middle East and Turkey region, effective June 15, 2017.  Currently Managing Director for Turkey and Middle East (excluding KSA), Goktug Gur will take on the new role, in addition to his current responsibilities. He will succeed Paolo Cervini who is moving to pursue further interests outside the company. Announcing Goktug Gur’s appointment Murali Sivaraman, President Growth Markets at Philips Lighting said: “Goktug Gur has a proven record of delivering projects and successfully leading our business across a number of markets. Goktug, who brings more than two decades of leadership in the region, will drive Philips Lighting Middle East and Turkey into a new era of ......read more

Noor Bank Scoops Several Accolades at CPI Financial's Banker Middle East Product Awards 2017, Industry Awards 2017

Bank Wins Three Awards at Banker Middle East Product Awards 2017, and Best Premium Bank - UAE at Banker Middle East Industry Awards 2017  Dubai-UAE: 12 June, 2017 – Noor Bank, a leading Shari’a-compliant bank in the UAE, today announced that it has notched up several prestigious wins at the Banker Middle East Product Awards 2017 and at the Banker Middle East Industry Awards 2017, organised by CPI Financial’s renowned Banker Middle East magazine.  Noor Bank won Best Corporate Account for its escrow account services, Best Structured Product for its equity-linked autocallable Islamic deposit and Best Home Finance Product for its portfolio of home finance services from the Banker Middle East Product Awards 2017.  Hussain Al Qemzi, Managing Director, Noor Bank, received the awards on behalf of the ......read more

Majid Al Futtaim hits midway point of its five-year sustainability strategy achieving 56% of Sustainability Goals

2016 highlights: AED8.9 million invested in the community 13,228 hours of volunteering completed by employees 319 hours dedicated to sustainability training 12 Green Building Certified assets Renewable energy targets announced Labour standard policy implemented with zero on-site construction fatalities Dubai, 08 June 2017:  Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has achieved 56% of its sustainability goals during 2016, hitting the midway point of its five-year sustainability strategy. Amongst its achievements, Majid Al Futtaim committed AED8.9 million in community investments, enabled dedicated 13,228 hours of volunteering to noble initiatives and announced its renewable energy targets. The announcement of Majid Al ......read more

Western Union Makes ‘30 Days of Better' Even More Rewarding this Ramadan

  Dubai, June 8, 2017:  Western Union, a leader in global payments, launched its ‘30 Days of Better’ campaign to coincide with the holy month of Ramadan. In line with Western Union's vision of  "Moving Money for Better,"  the campaign is focused on fostering the spirit of positivity and kindness among people who make a difference.  Now in its second year, ‘30 Days of Better’ promotes positive commuity engagement by creating conversations around self-reflection, family gatherings, charity, and spiritual enlightenment. Western Union will be encouraging these conversations across its social media platforms with themed discussions each week, as well as rewarding standout acts of goodwill among the community.  To recognize consumers, Western Union will reward My WUSM ......read more

Bosch posts stable performance across the Middle East

Annual financial results 2016 AED 1.800 billion (nearly 450 million EUR) in consolidated sales across 14 countries in the Middle East Consumer Goods and Mobility Solutions divisions display strongest performance Dubai, UAE, June 7, 2017:  Bosch, a leading global supplier of technology and services, ended its 2016 fiscal year with AED 1.800 billion (nearly 450 million EUR) in consolidated sales across 14 countries in the Middle East, a slight increase from the previous year. The number of associates employed at Robert Bosch Middle East in 2016 stood at more than 100 for the 14 countries. “The Middle East continues to be an important region for Bosch, with strong growth potential in the years to come,” said Volker Bischoff, General Manager & Vice President, Robert Bosch Middle East. “Driven by ......read more

Senior bankers gather for SWIFT UAE User Group forum

Event hosted in partnership with the UAE Banks Federation addresses the opportunities and challenges facing the banking industry Dubai, UAE, June 7, 2017:  Over 60 senior executives from leading banking and financial institutions in the UAE gathered recently in Abu Dhabi for a forum for the SWIFT UAE User Group. Hosted by SWIFT, the global provider of secure financial messaging services, in partnership with the UAE Banks Federation (UBF), a professional body representing 48 member banks operating in the UAE, the meeting highlighted the main opportunities and challenges facing the banking industry as well as the need to foster greater collaboration to face payment fraud and enhancing the overall cybersecurity environment. Welcoming attendees, Mr. Nasser Sarris said in his opening remarks, “It’s great to see many ......read more

ICS BANKS Treasury System from ICSFS Recognized as Sustainable Treasury Management Solutions Leader- MENA

June 05, 2017 Dubai, UAE: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that its ICS BANKS Treasury System has been recognized as Sustainable Treasury Management Solutions Leader -MENA by CEO Insight.   The CEO Insight provides comprehensive coverage of the strategic management decisions facing the modern business leader. It provides practical assistance to CEOs and decision-makers, offering a treasury of articles highlighting business strategy, expert opinion, analysis, corporate case studies, emerging trends, leadership, growth opportunities and challenges. Where the Global awards acknowledge best practice and innovation across the European business community. The publisher Mr. Jamie Harrison of CEO Insight, commented; “ICS BANKS ......read more

Empower to extend its district cooling solutions to Al Jaddaf area in Dubai with 30,000 refrigeration tons (RT)

Dubai, UAE, 5 June 2017:  Continuing its growth across Dubai, Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has announced that its district cooling services will now be available in Al Jaddaf area for all the residential and commercial buildings and projects under construction.  Empower will provide its services to finished and under construction projects in Al Jaddaf area. Being the world's largest district cooling services provider, the company is keen to provide residents of Jaddaf area with the latest district cooling technologies, which will help reduce energy consumption and provide more efficient and eco-friendly cooling services for their developments. “Serving the Jaddaf area is an important step to ensure Empower expands its ......read more

RAK Petroleum plc: Results of 2017 Annual General Meeting

United Kingdom, 3 June 2017:  RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced that all resolutions put to its 2017 Annual General Meeting held in London today were passed by shareholders on a poll. Of 603,158,681 eligible votes, a total of 354,034,927 were present or represented by proxy at the meeting.   RAK Petroleum plc (the Company) Registered number: 08572925 REGISTERED OFFICE 42 ‐ 50 Hersham Road Walton‐on‐Thames Surrey KT12 1RZ United Kingdom  Voting Results from 2017 Annual General Meeting Held at Den Norske Klub London, United Kingdom  The following sets forth the votes cast for each resolution at  the Company’s 2 June  2017 Annual General Meeting in London, United Kingdom. Out of 603,158,681 votes eligible to be ......read more

Qatar-Based Seib Insurance and Reinsurance Co. LLC Outlook Revised to Positive; ‘BBB', ‘gcAA' Ratings Affirmed

In a short span of one year May 30, 2017 – Doha, Qatar:  In light of its exceptional growth and outstanding performance throughout the past year, Seib Insurance and Reinsurance Company LLC (Seib) S&P Rating has revised its outlook of Seib to positive from stable and affirmed its BBB counterparty credit and insurer financial strength ratings and is also affirming its gcAA Gulf Cooperation Council regional scale rating, indicating the Company’s rapid progress and its strong capacity to meet financial commitments.  A remarkable feat in such a short window of time, Seib’s extraordinary achievement demonstrates the Company’s ability to leverage growth opportunities in challenging economic times and positions it at the level of its renowned international peers. As a National Insurance Company ......read more

Renu Misra the new GROHE President Middle East, Africa and East Mediterranean

Dubai, UAE, May 30, 2017:  GROHE announced the appointment of Ms. Renu Misra, as the President of GROHE Middle East, Africa and East Mediterranean. With this appointment, Renu will represent GROHE Group’s interests in the region - reporting directly to Michael Rauterkeus, CEO of Grohe AG. Renu Misra joined GROHE in 2010 as CFO of GROHE India, was then promoted to CEO of GROHE India Business, leading sales in India and the subcontinent region.  Renu’s managerial and organisational capabilities in delivering robust results in challenging markets has resulted in significant growth of business. Her recent role was General Manager of Lixil Water Technology (LWT) for India and Sub continent where she was handling GROHE and American standard brands. 

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Noor Bank to Apply Dubai Font Across Internal Platforms

Dubai-UAE: 29 May, 2017 – Noor Bank today announced that it has become the first bank in the UAE to implement the Dubai font across internal platforms. Employees of the bank will apply the iconic font to all documents created in Microsoft Office programmes. The transition from Arial to the Dubai font is in line with Noor Bank’s vision of being recognised as the financial icon of Dubai.  Speaking about the implementation, Hussain Al Qemzi, Managing Director of Noor Bank, said: “We are pleased to adopt the Dubai font within our internal communications on a day-to-day basis. The font is a unique symbol of Dubai’s heritage and self-expression in a world where all of our transactions are increasingly digital. As an institution that is rooted deeply towards Dubai, we are proud to support this vision from our ......read more

National Bank of Yemen Selects ICS BANKS® from ICS Financial Systems

May 29, 2017 Dubai - UAE: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that National Bank of Yemen, which was established in 1969, It is reckoned to be one of the largest Commercial Banks and a prominent contributor in the economic and social development in Yemen, has selected the multi-awards winning systems ICS BANKS®  The signing ceremony took place in Amman, Jordan attending the signing ceremony were the Chairman of Board of Directors of National bank of Yemen; Dr. Mohammed Hussein Halaboub and the Managing director of National Bank of Yemen; Dr. Ahmed Ali Ben Sanker and the Vice Chairman of the Board of Directors and the Managing Director of ICSFS; Mr. Robert Hazboun and the Executive Director for Business Development of ICSFS; ......read more

S&P Global Ratings: The Overall Effect Of IFRS 9 On Rated Gulf Cooperation Council Banks' Financial Profiles Will Be Manageable, Says Report

  In the run-up to the adoption of IFRS 9 in January 2018, S&P Global Ratings has assessed the potential impact on the GCC banks that it rates. We expect that GCC banks will show resilience to the change in reporting standard, with the impact on their financial profiles manageable on average. This is thanks to GCC banks' relatively good earning capacity and conservative approach to provisioning. We focused on the quality of banks' lending portfolios, and excluded other assets in scope of IFRS 9 when estimating lifetime expected losses due to a lack of public disclosure. We included these assets in our normalized losses calculation. DUBAI (S&P Global Ratings) May 29, 2017--The impact of International Financial Reporting Standard (IFRS) 9 "Financial Instruments" on the financial profiles of ......read more

Unlock the Door to Your New Home this Summer

UAE Exchange Summer Promotion 2017 offers brand new home to grand prize winner Ramadan campaign will also see 25 winners walk away with AED 10,000 each Dubai, UAE, May 29, 2017:  This Ramadan, UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, continues its tradition of improving the lives of the expatriate communities in the UAE. The brand announced the launch of its Summer Promotion, starting 24th May, at Park Regis Kris Kin Hotel in Dubai. The grand prize winner will win a brand new home in Dubai worth AED 500,000 while 25 lucky customers will win AED 10,000 each.  “UAE Exchange is a home-grown brand that believes in empowering people. To celebrate the spirit of Ramadan, we are giving customers the chance to achieve financial security, empower themselves and improve ......read more

HASAAD to Increase Participation of UAE Nationals in Workforce

  UAE Internal Auditors Association (IAA) to increase number of UAE nationals working in private and government sectors by tenfold by 2021 UAE-IAA leads the region in quality internal auditing training DUBAI, May 28, 2017: The UAE Internal Auditors Association (UAE-IAA) is actively working towards increasing the participation of UAE nationals in the workforce through its recently launched internal auditing training programme, HASAAD.  HASAAD programme, running in collaboration with Higher Colleges of Technology, Protiviti and PRC, is aligned with ABSHER, an initiative by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates (UAE), which focusses on creating job opportunities for UAE nationals, vocational guidance and counselling, training and development, besides encouraging Emiratis ......read more

Noor Bank Marks Participation at Bonds, Loans & Sukuk Middle East 2017

Dubai-UAE: 27 May, 2017 – Noor Bank, a leading Shari’a-compliant bank in the UAE, announced today that it joined the region’s prominent financial, legal and insurance institutions as a Gold Sponsor at the latest edition of the Bonds, Loans & Sukuk Middle East conference. Organised by GFC Media Group, the region’s largest finance and investment conference convenes high-profile issuers, investors, bankers, legal advisors and rating agencies to discuss the developments in the local and international bonds, syndicated finance and Sukuk markets.   Speaking about Noor Bank’s participation, Hussain Al Qemzi, Managing Director of Noor Bank, said: “Year after year, the Bonds, Loans & Sukuk Middle East conference has served as an effective networking platform for Noor Bank. Our ......read more

Philips Dubai Lamp hits the shelves this Ramadan

Industry experts and stakeholders gather to discuss consumers’ role in reducing energy consumption as world’s most energy efficient light bulb becomes commercially available across the UAE May 24, Dubai, United Arab Emirates:  Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting has announced that Dubai Lamp, the world’s most energy efficient light bulb, will be widely available across the Emirates starting May 27.  The announcement, made this morning at a roundtable discussion on sustainability hosted by Philips Lighting, was attended by Olav Scholte, Marketing Manager End-User Projects at Philips Lighting Middle East; Ivani Iannelli, CEO of Dubai Carbon; Helen Farmer, journalist and mummy blogger; and Amruta Kshemkalyani, sustainability and lifestyle blogger. The panel ......read more

Other Top Stories from Banking and Investments
 
Ministry of Interior awards ‘Community Service' medal to SAAE Chairman Salem Almoosa…

June 22, 2017: H.H. Sheikh Saif bin Zayed, bin Sultan Al Nahyan, Deputy Prime Minister and Minister of Interior, has awarded H.E. Salem Almoosa, Chairman and General Manager of Salem Ahmad Almoosa Enterprises (SAAE) with the ‘Community Service’ medal in recognition of his contribution in creating a positive impact in the community. The award was given following his recent hosting of a ......read more

Networked Energy Services Corporation organises roundtable at World Scientific & Engineering ...…

UAE, June 22, 2017 - Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Energy Applications Platform (EAP ™), recently organised a roundtable titled ‘Pioneering Future Energy in Kazakhstan’ during its participation at the World Scientific and Engineering Congress (WSEC) held recently under the theme ‘Energy of ......read more

Al Ansari Exchange commits AED 10 million to Dubai Cares…

UAE, June 21, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has committed AED 10 million to Dubai Cares in line with the recently announced UAE’s ‘Year of Giving 2017’. Rashed Ali Al Ansari, General Manager, Al Ansari Exchange, said: “It is a momentous occasion to witness the growth of Dubai Cares as one of the ......read more

DED Ajman's online ‘Trade Name Reservation' platform receives applications to reserve over 450 ...…

UAE, June 18, 2017- The Department of Economic Development – Ajman (DED) has taken a major stride in its effort to attract investors and build a business-friendly environment via its online ‘Trade Name Reservation’ portal. The innovative e-service has so far received applications to reserve more than 450 trade names since its launching in the beginning of the second quarter of ......read more

DAFZA participates at the 19th International Logistics and Material Handling Exhibition in Barcelona…

UAE, 18 June, 2017: The Dubai Airport Freezone Authority (DAFZA) participated at the 19th International Logistics and Material Handling Exhibition (SIL) in Barcelona, Spain. Íñigo de la Serna, Spain’s Minister of Public Works and Transport; Josep Rull, the Catalan Minister of Territory and Sustainability; Jordi Cornet, President of Barcelona Free Zone; and H.E. Salem Rashid Al ......read more

Tabarak Investment Reinforces its Commitment to DSI and Acquires Majority Shares of Former CEO …

UAE, June 18, 2017 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional engineering and services leader, announced today that Tabarak Investment LLC acquired the majority shares of Former Chief Executive Officer, Khaldoun Tabari.  The transaction reaffirms the commitment of Tabarak Investment LLC to the DSI brand and the promising ......read more

NES Announces Chief Operating Officer and Chief Financial Officer Appointments…

UAE, June 14, 2017 - Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Patagonia Energy Applications Platform (EAPTM), recently announced the appointment of two executives Thomas Giese as its Chief Operating Officer (COO) and Will Mathieson as its Chief Financial Officer (CFO).  As COO, Thomas Giese will be responsible for the ......read more

Al Ansari Exchange announces Grand Prize of AED 1 million for 2017 Summer Promotion…

UAE, June 14, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced the launch of its much-awaited annual Al Ansari Exchange Rewards – Summer Promotion. Known for awarding the biggest prize money in the industry, the seasonal promo’s 2017 edition will be held from June 15 to August 14, 2017. The winner of the AED 1 million Grand ......read more

Department of Economic Development – Ajman issues 57 violations during inspection of 233 commercial ...…

UAE, June 12, 2017- In line with its leading role and key commitment towards combatting commercial fraud, the Department of Economic Develop - Ajman's (DED-Ajman) Directorate for Control and Consumer Protection conducted an inspection of 233 commercial outlets in the emirate, which resulted in the issuance of 57 violations committed during the first half of the Holy Month of Ramadan. The ......read more

Arab-Brazilian Chamber of Commerce welcomes Kuwait's move to import Brazilian livestock…

UAE, June 12, 2017- The Arab-Brazilian Chamber of Commerce (ABCC) has welcomed the Kuwaiti Government’s announcement to import livestock from Brazil, saying that this new landmark development will lead to stronger and more vibrant trade ties between the two nations.  The decision authorizing the Brazilian livestock exports was finalized during the meeting held in Kuwait City between ......read more

Emircom recognized as Cisco Master Security Specialization Partner in Gulf…

UAE, June 11, 2017 - Leading systems integrator Emircom has announced that IT and networking giant Cisco has certified it as a Cisco Master Security Specialization Partner for the Gulf markets. Emircom now forms part of an elite international group of organizations with in-depth technology skills for offering and deploying advanced Cisco security solutions.  As a Master Security ......read more

Nasser Bin Abdullatif Alserkal Est. and Dubai Municipality breaks ground for modern AED 10 Million ...…

June 5, 2017: Nasser Bin Abdullatif Alserkal Est., the sole importer and distributor of Bridgestone brand tires for Dubai and the Northern Emirates within the UAE, in partnership with Dubai Municipality, has successfully broken ground for the construction of a modern AED 10 million Alserkal Bridgestone Truck Tyre Centre. The new facility, which spans across 52,000 square feet, is part of ......read more

SWCC Chooses DuPont Sustainable Solutions to Accelerate Operational Improvements…

June 1, 2017 – Saudi Arabia’s Saline Water Conversion Corporation (SWCC) is collaborating with DuPont Sustainable Solutions (DSS), the operations consulting business of DuPont, to improve operational performance and safety in the country’s desalination facilities. SWCC is responsible for about 70 percent of the total production of desalinated water in Saudi Arabia. The ......read more

MyUS Launches ‘Share Your Iftar Moments' Photo Contest…

June 1, 2017 To celebrate the Holy Month of Ramadan, MyUS, the number one ranked U.S. shipping company for international shoppers, launched its ‘Share Your Iftar Moments’ Photo Contest. The contest encourages people to share their Iftar pictures by uploading them to MyUS’ Facebook contest page. The picture with the most likes by the end of Ramadan will receive an online U.S. ......read more

DED – Ajman collaborates with MPD – Ajman to set up team to take charge of environmental & health ...…

UAE, 30 May, 2017- With the aim to support the comprehensive and sustainable development process, the Department of Economic Development – Ajman’s (DED – Ajman) Directorate of Control and Consumer Protection has collaborated with the Municipality and Planning Department – Ajman (MPD – Ajman) to set up a joint team to organize health and environmental activities in ......read more

Department of Economic Development – Ajman meets representatives of local supermarket chains to ...…

UAE, May 24, 2017– The Department of Economic Development – Ajman’s (DED – Ajman) Directorate Control and Consumer Protection recently met with representatives of local chain of supermarkets to discuss guidelines for commodity price regulations during the upcoming month of Ramadan. During the meeting, all parties agreed to cooperate and coordinate with the UAE Ministry of ......read more

Officials of DED – Ajman visits patients at Khalifa Hospital as part of ‘Giving Hands' initiative…

UAE, May 23, 2017– In line with the declaration of 2017 as the ‘Year of Giving,’ a delegation of directors and officers from the Department of Economic Development – Ajman (DED Ajman) visited the Khalifa Hospital in the emirate. During the tour of the facility, they met patients and presented them with souvenirs, offering moral and psychological support to bring them joy. ......read more

Doha Bank Won the “Best Bank Governance – Qatar 2017”…

Dubai, May 23, 2017:  Doha Bank won the “Best Bank Governance – Qatar 2017” at Capital Finance International (CFI) co Awards 2017 in Second week of May 2017 at London.  In recognition of the award, Dr. R. Seetharaman Doha Bank CEO said “The Best Bank Governance award is a recognition for Doha Bank Board for its active involvement in promoting excellence in ......read more

National Bonds Corporation Announces 2016 Savings Index for the UAE…

91% of regular savers save monthly, marking a 4% increase from 2015 64% of savers plan to increase their savings, 68% plan to start saving Potential for saving increases by 19% compared to 2015 55% saved less in 2016 than they did in 2015 45% expect an increase in their income 89% think their savings are not enough for the future 55% saved less than planned, while 28% saved about ......read more

du partners with DarkMatter to enhance cyber security for enterprises across the UAE…

Abu Dhabi and Dubai, UAE – 22 May, 2017:  DarkMatter, the international cyber security firm headquartered in the UAE, and du – the UAE-based telecommunications service provider, today announced a commercial partnership to offer enhanced cyber security products and services to enterprises across the country. The commercial partnership – the first of its kind in the UAE ......read more

Xpress Money sees a 14% growth in mobile remittances from UAE to Kenya in the last 2 years…

Money transfers from UAE that culminate onto mobile wallets in Kenya are 50% cheaper than other modes Dubai, May 23, 2017:  Owing to its convenience and lower remittance costs, international money transfers to mobile wallets in Kenya have been soaring high in the last few years. In the UAE alone, Xpress Money has seen a 14% increase in remittances that culminate onto mobile wallets ......read more

Barwa Bank honored as “Leading Bank in Islamic Services and Products in Qatar” by the World Union ...…

Doha, Qatar – 22 May 2017:  Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has received the award of ‘Leading Bank in Islamic Services and Products in Qatar’ at the ‘The Arab Banks Awards & Commendations of Excellence 2017’, which was organized by the World Union for Arab Bankers (WUAB) on May 12th in Beirut.  The ......read more

DAFZA organizes ‘Indian Business Forum' to attract more Indian investments…

UAE, May 22,  2017- The Dubai Airport Freezone Authority (DAFZA) has organized a special forum for Indian businesses under the theme ‘India: A Strategic Partner for Growth in an Evolving Global Economy’ in the presence of H.E. Dr. Mohammed Al Zarooni, Director General of DAFZA, H.E. Vipul, Indian Consul General in Dubai; Bindu Chettur, President, Indian Business Professional ......read more

Al Ansari Exchange donates AED 100,000 to support the Dubai Club for people of Determination ...…

UAE, May 22, 2017- Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, announced that it has donated AED 100,000 to the Dubai Club for people of Determination to demonstrate solidarity for one of its initiatives in support of 2017 as the ‘Year of Giving.’ The initiative aims to assist the newest members of the club who have special needs in ......read more

Expedia announces agreement to acquire majority of SilverRail…

Global rail technology leader to join Expedia's family of top global brands BELLEVUE, Wash., USA and LONDON, May 21, 2017:  Expedia, Inc., (NASDAQ:  EXPE), one of the largest online travel groups globally and owner of brands such as Expedia.com, Hotels.com and Trivago, have announced entry into a definitive agreement with SilverRail Technologies, Inc., the world’s first ......read more

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