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FireEye Acquires Cloudvisory

Cloudvisory technology to expand cloud security capabilities of FireEye Helix, allowing customers to monitor multi-cloud environments, manage hybrid-cloud firewalls and integrate security for container platforms     Dubai, UAE, Jan. 23, 2020 –   FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company, today announced the acquisition of Cloudvisory. The acquisition, which closed on January 17, 2020, will add cloud workload security capabilities to FireEye® Helix®, offering customers one integrated security operations platform for cloud and container security.   “Customers need consistent visibility across their public and hybrid cloud environments, as well as containerized workloads,” said Grady Summers, Executive Vice President of Products and Customer Success ......read more

Dakar Rally was just the prompt continuation of a flurry of successfully held motor rallies in the region according to BrandingWiz Consultants

Dubai, UAE, January 23, 2020:   Carlos Sainz won his third Dakar Rally title in Saudi Arabia but the countdown to yet another exciting motor rally extravaganza is on for the 2020 season.   Preparations for the current year’s first three, eagerly awaited regional rally championships are on high gear, following the announcement of the respective dates.   According to Dubai based, motorsports marketing experts and marketing and sponsorship partners for key brands at Qatar Manateq Rally, Dubai International Baja and the Abu Dhabi Desert Challenge, BrandingWiz Consultants, this year’s rallies among others, are expected to boost once again the rallying popularity in the region.   “Coming from successfully organizing an international marketing campaign in the fields of the FIA International Rally ......read more

DIB completes the acquisition of Noor Bank

• The bank is positioned to become one of the largest Islamic Banks in the world with total assets exceeding AED 275 billion  • Acquisition will reinforce Dubai’s position as a global centre for Islamic finance. • DIB enhances capital through issuance of 651,159,198 new shares • The new DIB shares have been listed and admitted to trading on the DFM     Dubai, January 23, 2020:   Having secured necessary approvals from the relevant regulatory authorities, Dubai Islamic Bank (DIB) has today announced the completion of the acquisition of Noor Bank in a transaction structured through a share swap. As part of this agreement, DIB has issued 651,159,198 new shares to take its issued share capital to 7,240,744,377 shares. .      In line with the ......read more

Ajman Free Zone signs MoU with Mashreq Bank to facilitate banking services for businesses

Ajman, United Arab Emirates (January 22, 2020):   Ajman Free Zone has signed a Memorandum of Understanding (MoU) with Mashreq Bank, the oldest privately-owned bank in the UAE.  The agreement, spanning two years, will entail any business that chooses to set up in Ajman Free Zone being recommended the services of Mashreq Bank during the registration or licensing process.  This agreement also applies to businesses already registered under Ajman Free Zone Authority.  When applying, companies will be prioritised by Mashreq Bank, which has allocated resources specifically for this, allowing for a quicker account set-up. Businesses will undergo the same standard vetting application process as other applicants, but the service will be faster.  “We are delighted to sign the MoU with Mashreq Bank. ......read more

New Management Structure for LIXIL EMENA and GROHE: Consolidating Focus on Commercial and Technical Operations

● Stefan Gesing, CFO to leave Grohe AG ● Thomas Fuhr and Jonas Brennwald to lead GROHE brand and focus also on international LIXIL role ● New executive teams for Commercial and Technical operations established to accelerate progress     Dubai, United Arab Emirates, 22th January 2020. GROHE, a leading global brand for full bathroom solutions and kitchen fittings, today announced a new organization structure to accelerate progress and drive a deeper focus around commercial and technical operations.   The new management team for Grohe AG within LIXIL EMENA will consist of Thomas Fuhr and Jonas Brennwald, serving on the management board of Grohe AG. Brennwald, who will also serve as CEO, LIXIL Water Technology EMENA, will lead all commercial aspects for the brand and the EMENA region for ......read more

Future of safety, security and fire protection on display at Intersec 2020

From 8x8 vehicles to firefighting via VR – three-day show sets agenda for global security sector     Dubai, United Arab Emirates, January 21, 2020:    Intersec, the leading security, safety and fire protection trade show wrapped up on Tuesday, 21 January, following a three-day run which has brought the latest products and services for the industry under the spotlight.   NAFFCO, a Middle East manufacturer of firefighting solutions, and one of the show’s founding sponsors, turn attention on the future, with a range of high-tech specialised vehicles and products designed to combat fires. Taking centre-stage was the Falcon-8, an 8x8 drive vehicle, with separate water and foams tanks vehicle built for fighting fires in airports.   Elsewhere, FLAIM Systems showcased its all-new ......read more

SunTrust Bank Nigeria to Revamp its Partnership with ICSFS

Amman, Jordan: SunTrust Bank Nigeria, a privately held commercial bank in Nigeria, has recently conducted an executive incentivised meeting with ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to revamp its partnership and roadmap. The meeting was held at ICSFS’ Jordan Center of Excellence, where the new executive management team of SunTrust discussed its historically strong partner relations with ICSFS, the adoption of new products and the latest features of ICS BANKS, and conferred its roadmap and future growth. SunTrust Bank Nigeria is poised to create value for its customers by leveraging on its competencies and a team of highly motivated staff, the bank work tirelessly to develop and provide a broad range of unique financial services and products to ......read more

The Ultimate Sports Experience is back

Corporate Sports Championship 2020 officially launched at Dubai Sports Council   Dubai, United Arab Emirates, January 19, 2020:   After winning awards and breaking records in 2019, the most prestigious corporate sporting event in the UAE, the Corporate Sports Championship 2020, returns to Dubai on February 27-29, 2020. The blue-ribbon event, presented in collaboration with Dubai Sports Council and empowered by Great Place to Work, unites more than 28 of the UAE’s top companies, including many Government entities, to compete in over 22 sports and activities over three action-packed days at the state-of-the-art Swiss International Scientific School.  Over 2000 men and women are expected to take part this year at the family friendly event, which was awarded Fitness Event of the Year at the recent 2019 ......read more

MoHAP's Training & Development Center Receives the Silver Award from the American Heart Association

Dubai, 18th January 2020:  For the fourth consecutive year, the Ministry of Health and Prevention, MoHAP, represented by its Training & Development Center received the Silver Award from the American Heart Association following the Center’s success in providing simulation-based life-support training programs for basic and advanced CPR and children's recovery in accordance with the highest international standards. The achievement comes as part of MoHAP’s vigorous efforts to enhance Continuing Medical Education (CME) offerings and provided outstanding healthcare services for society happiness and support the sustainable development strategy, and to improve the outcomes of the national indicator of cardiovascular disease mortality rates, in line with MoHAP’s strategy to provide comprehensive, integrated, and ......read more

World security, safety and fire protection experts converge in Dubai for Intersec

Advanced tech solutions and future of security under the spotlight during three-day exhibition and conference     Dubai, United Arab Emirates, January 18, 2020:  The world’s leading security, safety and fire protection experts will gather in Dubai for the 2020 edition of Intersec, the world’s leading trade fair for security, safety and fire production, from 19 – 21 January to probe the latest technology solutions transforming the global security industry.   More than 1,100 exhibitors for 50-plus countries, including the majority of the world’s top 50 security manufacturers will be displaying the latest security solutions across the three days when the show opens on Sunday (19 January).   While the exhibition will be a window to disruptive technology shaping the ......read more

Secure Technologies and Artificial Intelligence in Focus for Airbus at Intersec 2020

Dubai, UAE - 18th January 2020:   Airbus, a leading provider of secure communication and collaboration solutions, will be showcasing their latest secure communications solutions at the 22nd edition of Intersec this year in Dubai, taking place at the Dubai International Convention and Exhibition Center between the 19th and 21st of January.  Airbus’s pioneer collaboration tool, Tactilon Agnet will be in the spotlight during the exhibition. The professional solution , which has both application and platform features, secure and reliable Tetra group communications at the touch of a button, as well as efficient and secure information exchange between Tetra radios and smartphones, is also used for assisting, for instance, police officers or security personnel.   The award-winning Tactilon Dabat, a Tetra radio ......read more

Sanad Powertech Awarded Shams Power Company Maintenance Contract

The Masdar project is one of the world's largest operational concentrated solar power plants The contract marks the first collaboration between Mubadala's power generation companies    Abu Dhabi, UAE – 18 January 2020:   Sanad Powertech, a wholly owned subsidiary of Mubadala Investment Company (Mubadala) and the energy and industrial MRO service provider, has been awarded a contract for the MRO operations of the steam engine and power generator of Shams Power Company, one of the largest operational concentrated solar power plants in the world. The contract was signed during the Abu Dhabi Sustainability Week, held from the 11th to 18th of January 2020. The project within the domestic portfolio of Abu Dhabi Future Energy Company (Masdar), a wholly owned subsidiary of Mubadala, and global ......read more

Eaton adds to cybersecurity portfolio with industry-first dual UL and IEC product certifications for global building, industrial, distributed IT and data center applications

• Eaton uninterruptible power supply (UPS) connectivity devices are first technologies to meet both IEC 62443-4-2 and UL 2900-1 cybersecurity standards  • Eaton emphasizes need for common global cybersecurity standard for safe, secure power in a more connected and electrified world      Dubai, United Arab Emirates, January 16, 2020:     Power management company Eaton continues to expand its cybersecurity program with International Electrotechnical Commission (IEC) cybersecurity certifications for its Gigabit Network Card and Industrial Gateway Card. The products also comply with UL cybersecurity standards to provide advanced network protection for UPS connectivity devices. Eaton is the first in its industry to achieve dual certifications for rigorous IEC and UL product ......read more

ICSFS Recognised for its Core Banking Implementation by IBSI

Dubai, United Arab Emirates, January 16, 2020:    IBS Intelligence recognised  ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, for its Core Banking Implementation during its IBS Intelligence Global FinTech Innovation Awards 2019. The IBS Intelligence Global FinTech Innovation Awards 2019 was held on 22nd November, at the Four Seasons Hotel in Mumbai.  ICSFS submitted its Core Implementation for The People’s Bank of Zanzibar (PBZ), which is wholly owned by the Government of Zanzibar and is one of the oldest commercial banks in Tanzania.  ICSFS chose PBZ Implementation’s success story because it is a fully-fledged commercial bank offering banking services in conventional and Islamic Banking for both, retail and corporate ......read more

Grohe's “Green Mosque” Initiative Ranks Fourth in The Best PR Campaigns for This Decade Based on Public Vote

Dubai, United Arab Emirates, 16 January 2020:   GROHE was ranked fourth for its "Green Mosque" initiative in the list of the best PR campaigns for this decade by the "Holmes Report" in London, based on public vote. This initiative is part of the Corporate Water Responsibility program “WaterCare” launched by GROHE, with the aim of reducing water waste in the region. Under the “Green Mosque” initiative, GROHE, in cooperation with its local partners, provided selected mosques in the Middle East and North Africa with water-saving facucets, which contributed to a 30 percent reduction in water consumption during ablution rituals adopted by Muslims. Within this framework, GROHE continued its efforts and launched the second phase of the project under the name of  “Turn ......read more

Leading German Car Manufacturer Chooses Getac for Worldwide Provision of Rugged Mobile Devices and Solutions

Announcement marks another major global customer win for Getac in the automotive industry   Dubai, United Arab Emirates, 14th of January, 2020 – Getac, a leading rugged mobile computing manufacturer today announced it has been selected by the BMW Group to supply rugged mobile devices and solutions across its global network for a wide range of applications including R&D, production, warehouse logistics and workshop diagnostics. The announcement expands on an existing technology partnership between the two companies, which has seen Getac supply rugged equipment to the BMW Group for vehicle and application testing over the last six years.  With the partnership renewed, Getac has received a large new order from the BMW Group for its S410, V110, F110, A140, UX10 and T800 series rugged notebooks and ......read more

Syrian Businessman Ali Makhlouf among the youngest and top successful business leaders

Dubai, United Arab Emirates, January 13, 2020:   We live in a world which is evolving every day and is requiring businesses that are high growth and high impact, as well as success that materializes by different levels of commitment, determination and willpower; Speaking about success and enthusiasm, it is vital to mention Ali Makhlouf, the youngest and most successful Syrian businessman and the second son of tycoon Rami Makhlouf.  Ali manages multiple companies owned by his family and has proven to be an exceptional and wise business leader through his participation in every business field. He is known for his entrepreneurial spirit, community-orientated mindset, and his tendency toward innovation and had never failed to add life to any business through the dynamism to management process in the turbulent business ......read more

Why Video Surveillance Is Great for Retailers & Consumers

Dubai, United Arab Emirates, January 13, 2020:    Big brother has arrived – or perhaps it’s his better intentioned younger cousin. Every day we are being watched whether we’re checking into a hotel, visiting a friend in hospital or simply out grocery shopping. Video surveillance technology – the CCTV age - is now a fact of life we are so used to that we simply overlook it.   Yet now smart surveillance is likely to become increasingly important to retailers in the Middle East & Africa, which includes some of the world’s most famous and successful operators.   Leading surveillance solutions provider IDIS says next gen IP HD video surveillance technology will soon be watching us while we shop. And the company’s Senior Sales Manager Middle East & Africa, Jamil Al ......read more

In Giant Leap Forward, Virgin Hyperloop One Announces Technology Can Be Powered Completely Off-Grid in Middle East

The system would be up to ten times more energy-efficient than short haul flights, 50 per cent more efficient than high-speed trains, says Virgin Hyperloop One executive prior to Abu Dhabi Sustainability Week   ABU DHABI, UAE - JANUARY 13, 2020 – Virgin Hyperloop One (VHO), the world’s leading hyperloop company, announced its participation at this year’s Abu Dhabi Sustainability Week (ADSW), a global platform that seeks to accelerate sustainable development. The annual event is taking place in the UAE’s capital, Abu Dhabi, from January 11th – 18th 2020. VHO is presenting at ADSW’s headliner event, the World Future Energy Summit (WFES) to discuss what it will be like to travel in the 21st century.  At speeds of over 1,000km/h, hyperloop can connect all Gulf cities within an hour from ......read more

Samsung's Family Hub Brings Food AI and Automation into the Kitchen at CES 2020

The next-generation Family Hub features new AI capabilities to streamline meal planning, from the grocery store to your home   Dubai, United Arab Emirates, January 12, 2020:    Samsung Electronics Co., Ltd. unveiled the latest edition of its Family Hub refrigerator, with intelligent new features that automate meal planning and other daily tasks and deliver a more personalized experience. Family Hub for 2020 will enable families to more easily share life’s important moments with one another and control more of the connected devices within their smart home.    “In the five years since we launched Family Hub, we have introduced innovations that reflect the new ways that busy, modern families are managing their daily lives,” said John Herrington, Senior Vice President, General Manager ......read more

Empower Participates in the World Future Energy Summit 2020

Dubai, UAE, 12 January 2020:   Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has announced its participation in the thirteenth edition of the World Future Energy Summit 2020, the world's largest annual conference on renewable and future energy solutions. The Summit is being held from 13 to 16 January at the Abu Dhabi National Exhibition Centre (ADNEC)..  The World Future Energy Summit 2020 is a global industry platform that brings together senior government and business leaders, policy makers, producers, investors, financiers, innovators, and buyers of sustainable solutions. Extraordinary ideas that can lead to a wave of change in the clean and renewable energy sector, are fostered and born through the collaboration of such great minds at ......read more

Lg to Accelerate B2B Innovation With Microsoft

LG Powers Automotive Infotainment and Building Management Systems with Microsoft Azure Cloud and AI Technologies     DUBAI, January 12, 2019 — LG Electronics (LG) is working with Microsoft to build its automotive infotainment systems, building management systems and other business-to-business collaborations. As announced at CES 2020, LG will leverage Microsoft Azure and AI services to accelerate the digital transformation of LG’s B2B business growth engines. A year ago, LG started its collaboration with Microsoft to enhance and further grow LG’s autonomous vehicle and infotainment system business. LG will expand the scope of new projects beyond the automotive sector and further into the commercial space. LG plans to enhance its management systems to enable its Building Energy Control (BECON) ......read more

Kia Motors Corporation MEA appoints Memac Ogilvy for PR partnership in MEA region

Dubai, United Arab Emirates, January 09, 2020:   Kia Motors Corporation MEA has appointed Memac Ogilvy to lead its public relations in a multi-market partnership across Middle East and Africa — a new partnership for the automotive giant.  The account will be handled by Memac Ogilvy’s hub office in Dubai, UAE, and service major markets in the region, including Algeria, Morocco, Egypt, Iraq, Jordan, KSA, Kuwait, Lebanon, Oman, Qatar, and South Africa. Yaser Shabsogh, Chief Operating Officer, Regional HQs, Middle East & Africa, Kia, said: “As we continue to witness a rapid change in the auto industry, we are determined to enhance Kia’s brand power and reputation. We believe in synergy and are positioned to respond to the opportunities the changing era brings with the help of Ogilvy and their ......read more

Management Change: Michael Mager, Executive Director Human Resources & Organization to retire after 15 years with GROHE and LIXIL

Dubai, United Arab Emirates  8th January 2020:  GROHE, a leading global brand for full bathroom solutions and kitchen fittings, announces today that Michael Mager, Executive Director Human Resources & Organization will retire after 15 years with GROHE and LIXIL.  “We would like to thank Michael for his dedicated commitment for the Human Resources department. He has managed to enable the brand through many challenging and exciting times. During his tenure leading the HR function he set the direction for the brand’s leadership and people management. Michael was also aware of our bigger purpose: He was committed to the Don Bosco program to educate future plumbers in the third world. Thank you, Michael, for your dedicated work and all the best for you and your family for the future,” says Thomas Fuhr, ......read more

DAFZA's total trade reaches AED 120 billion in the first nine months of 2019

- Growth of 11.2% in the total trade - Trade surplus of AED 16.2 billion - Re-exports grow by 11.8% January 8, 2020; Dubai, UAE: Dubai Airport Freezone Authority (DAFZA) today announced that it contributed 12% of Dubai's AED 1.02 trillion foreign trade in the first nine months of 2019. The results highlight the success of DAFZA’s strategic projects that have played a role in supporting Dubai’s economic growth and enhancing its GDP.   DAFZA’s operational performance supported the increase in global trade through the free zone. DAFZA achieved a growth of 11.2% in the total value of foreign trade to reach AED 120 billion, in addition to an 11.8% growth in re-exports, valued at AED 68 billion and accounted for 21.7% from the total re-exports in the emirate of Dubai. This came as a result of ......read more

Other Top Stories from Banking and Investments
 
Brazilian exports to Arab countries hit USD 12.197 billion mark in 2019…

January 14, 2020- Brazilian exports to Arab countries reached USD 12.197 billion in 2019, registering a 6.3 percent growth from 2018, figures from the Arab-Brazilian Chamber of Commerce (ABCC) showed recently.  The latest numbers reflect the continuously growing trade relations between the country and the region.   The value of the UAE’s imports from Brazil last year hit ......read more

Jumbo Distribution partners with Swiss brand Laurastar to bring top-of-the range ironing products ...…

Dubai, UAE; 6th January 2020:   Jumbo Distribution, a division of Jumbo Group, has expanded its brand portfolio by partnering with Swiss brand Laurastar SA, the world leader in Premium Quality professional ironing systems.   Jumbo Electronics will become the exclusive representative, distributor and service provider of Laurastar garment care products in the UAE, including ......read more

Nisir Microfinance Institution to Choose ICS BANKS from ICSFS to Drive its Growth in Ethiopia…

Dubai, United Arab Emirates, January 06, 2020:   Addis Ababa, Ethiopia: Nisir Microfinance Institution (Nisir MFI), an innovative and growing microfinance institution in Ethiopia, has selected ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to be its technology partner in providing a turnkey project, delivering its ......read more

Fatema Alhaddad wins EY Bahrain Corporate Finance Woman of the Year Award…

The EY initiative, taking place for the first time in Bahrain, inspires female Bahraini business students to take up careers in transaction advisory services (TAS) and corporate finance   Dubai, United Arab Emirates, January 05, 2020:   Fatema Alhaddad, a Bahraini female student from Bahrain Polytechnic, has been named the winner of the inaugural EY Bahrain Corporate Finance ......read more

New Schneider Electric Whitepaper Provides Guidance on Next-Generation DCIM for Edge Computing'…

● Edge data centers are deployed in many locations that lack IT staff on-site  ● Resilience at the edge is crucial; management will often require partnership with expert service providers  ● Next-Generation Data Center Infrastructure Management (DCIM) tools utilize cloud technologies, data analytics and Artificial Intelligence (AI) to deliver increased ......read more

The three Cs of AI security identified…

Comprehend are the route to maximising AI for intelligent security     Dubai, United Arab Emirates, January 02, 2020:    Artificial Intelligence is being hailed as the latest security breakthrough, but the industry has yet to fully understand its capabilities, according to the world’s biggest supplier of video surveillance equipment.   Now Hikvision, ......read more

Dr. Dhananjay Datar gets Most Stylish Entrepreneur' award.…

Dubai, United Arab Emirates, December 31, 2019:   Dr. Dhananjay (Jay) Datar, Chairman & Managing Director of Al Adil Trading was recently honoured by Lokmat Media Group with ‘Lokmat Most Stylish Entrepreneur’ award in a glittering and  glamorous award nite in Mumbai, India. Dr. Datar, popularly known as the ‘Masala King’ said it is a great honour to be ......read more

Talabat Celebrates with its Loyal Customers, Welcomes Festive Season During Talaland…

Dubai, UAE, 30 December 2019:   Talabat, the largest food delivery service in the Middle East and North Africa (MENA), was delighted to share its love and appreciation for its loyal customers by inviting everyone to celebrate the outdoors and the festive season with ‘Talaland’ that took place this month, at Zabeel Park. Hosting, among others, myriad activities, a photo ......read more

DFSA to launch Cyber Threat Intelligence Platform…

DFSA to lead Cyber Threat Intelligence Sharing Community in the DIFC   Dubai, UAE, 29 December 2019:   The Dubai Financial Services Authority (DFSA) is launching a Cyber Threat Intelligence Platform (Platform) to help firms in the Dubai International Financial Centre (DIFC) implement appropriate safeguards to mitigate against cyber risks. The Platform is a result of ongoing ......read more

Brazilian exports to Arab states reach USD 11.27 billion from January to November 2019…

Latest figures continue to reflect stronger ties between Brazil and Arab region December 24, 2019- Brazilian exports to Arab countries reached USD 11.27 billion from January to November 2019, up 8.01 per cent compared to the same period last year, latest figures released by Arab-Brazilian Chamber of Commerce (ABCC) showed. Similarly, the country’s imports from the Arab region experienced ......read more

VFS Global launches Greece Visa Application Centre in Jeddah…

• After Al Khobar and Riyadh, the new Visa Application Centre for Greece opens in Jeddah • Optional Visa At Your Doorstep service available to customers across the country     Dubai, United Arab Emirates, December 23, 2019:   Residents of Jeddah travelling to Greece can now apply for their visas from a Visa Application Centre within the city. VFS Global ......read more

GROHE is one of Germany's Top Three Most Sustainable Big Companies…

● Top 3 placement for GROHE at the German Sustainability Award  ● Jury of Europe's largest sustainability award honours GROHE's 360-degree sustainability approach ● CO2-neutral production starting 2020 sets new standards in the sanitary industry   Dubai, United Arab Emirates, December 21, 2019:    At the German Sustainability Award ......read more

Liberte Pen a Line Created for Women…

Dubai, United Arab Emirates, December 19, 2019:   Faithful to its philosophy of excellence cultivated since 1872, S.T. Dupont has created “Liberté” a new collection of writing instruments devoted entirely to women. The rounded ends, emphasized by a slender, slightly cone-shaped body, illustrate the perfect proportions of an object imbued with noble sensuality. The ......read more

Arab Brazilian Chamber of Commerce successfully takes part in Food Africa trade show in Egypt…

Brazilian Pavilion organized by ABCC and Brazilian Embassy in Cairo showcased top products and services December 18, 2019- The Arab Brazilian Chamber of Commerce (ABCC) revealed its successful participation at Food Africa, which recently took place in Cairo, Egypt. The ABCC, in partnership with the Brazilian Embassy in Cairo, organized a Brazilian Pavilion that threw the spotlight on some of ......read more

DuPont relocates to new office in Jafza One…

Move aimed at consolidating company's strong foothold in MENA region DUBAI, UAE, Dec. 18, 2019 – DuPont has announced that it recently relocated to its new office in Dubai as part of its ongoing bid to further reinforce its strong foothold in the MENA market and strategically bolster its global expansion tactic. DuPont has moved to Jafza One, the unique commercial complex at the ......read more

Ajman Free Zone opens Business Hub to enhance investor experience…

Ajman, United Arab Emirates (December 18, 2019): Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of Ajman Free Zone, officially inaugurated the “Business Hub”, a dedicated facility for both freelancers, entrepreneurs and businesses accommodated within the main Ajman Free Zone building.   The new hub has been specially designed to provide AFZ investors with a comfortable and ......read more

Turkish Airlines' load factor was 82.3% in November 2019.…

Istanbul, 18th December, 2019 Turkish Airlines, which has recently announced the passenger and cargo traffic results for November 2019, recorded 82.3% load factor in that month. According to the November 2019 Traffic Results: Total number of passengers carried increased by 3.7% to 5.7 million.  Domestic load factor increased from 84% to over 85% and international load ......read more

DHL Express in collaboration with MGE & Abu Dhabi Airports strengthen partnership through major new ...…

- DHL Express expansion follows significant investment by Abu Dhabi Airports in East Midfield Development Zone infrastructure - DHL Express signs long-term contract to develop new Express logistics hub in the Abu Dhabi Airports Free Zone. 17 December 2019, Abu Dhabi, United Arab Emirates: Abu Dhabi Airports Free Zone Authority (ADAFZ), a wholly owned subsidiary of Abu Dhabi Airports, has ......read more

Longlist, judges and dates announced for 2020 International Prize for Arabic Fiction…

• The  longlist comprises books from Algeria, Egypt, Iraq, Lebanon, Libya, Morocco, Saudi Arabia, Syria and Tunisia • Seven of the 16 longlisted books are from North Africa    • One former winner, three former shortlistees, and two former longlistees of the prize make the 2020 longlist       Dubai, United Arab Emirates, December 17, ......read more

Barclays Private Bank promotes new Managing Directors in the UK and UAE…

Dubai, 17TH DECEMBER 2019: Barclays Private Bank has promoted James Williams and Rahim Daya to Managing Director, effective 1 January 2020. James Williams joined Barclays in 2011 and has worked as a Private Banker for 15 years, covering the UK market with a focus on Financial Markets Professionals and US Overseas Persons. Rahim Daya joined Barclays in 2010 and is the Head of the Private Bank ......read more

Oversupply of oil and demand for gas expected in 2020, says DWF…

Slava Kiryushin, Dubai-based global head of energy at DWF, highlights trends we can expect to see in 2020 in the global energy sector.    Dubai, United Arab Emirates, December 16, 2019:   Commenting on the global oil trade in 2020, Kiryushin expects there to be an oversupply. He said: "Many oil traders have predicted a bullish 2020 for the global oil industry, with ......read more

Ciena Reports Fiscal Fourth Quarter 2019 and Year-End Financial Results…

Dubai, United Arab Emirates, 15 December 2019:    Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2019.   • Q4 Revenue : $968.0 million, increasing 7.6% year over year • Q4 Net Income per Share: $0.51 GAAP; $0.58 ......read more

Charitable work earns Emirati woman AED 100,000…

UAE, 15 December 2019:   Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has revealed that Emirati Fatima Abdullah Al Mazroui has won AED 100,000 one of two grand prizes of Al Ansari Exchange's Mobile App promotional campaign. Fatima, who is the first Emirati woman to bag a major prize for the campaign, used the Al Ansari Exchange mobile ......read more

Oliver Wyman Forum Ranks Which Cities Will Lead the Mobility Revolution…

• New Index ranks Singapore, Amsterdam, London, Shanghai, and New York as the top five cities • Dubai and Riyadh feature in the top-ranking cities representing the Middle East region • Global cities in Europe, North America, Asia Pacific, Latin America, and Middle East and Africa ranked on mobility ecosystem development     Dubai, December 15, ......read more

Trade deal lifts commodities…

By Ole Hansen, Head of Commodity Strategy at Saxo Bank   Commodities, not least industrial metals, received a boost this week from news that a phase-one trade deal had been reached. The Bloomberg Commodity Index was 2.2% higher on the week with all sectors recording gains. Commodities, not least industrial metals, received a boost this week from news that a phase-one trade deal ......read more

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