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Bayzat – Solving Problems for SMEs

May 23, 2018 - Dubai, UAE: Bayzat (www.bayzat.com)is looking to become the one stop solution for small- and mid-sized companies. The technology company provides insurance and HR solutions for SMEs. Founded in 2013, the company is making waves in the Middle East – in 2017, it made it to the Forbes list of Top 100 Startups in the Arab World. The company’s founder, Talal Bayaa, and his team noticed the fragmentation in the UAE financial sector and they decided to launch a product that would make it easier for individuals and companies to compare different insurance options. Bayzat’s main product isthe Health Insurance comparison service, which examined policies in real time. The service can cut processing times by 50% and save at least 20% on associated insurance costs. The service is available for companies but ......read more

Capillary Technologies Grows its Global Business by 200% YoY

Promotes Abhijeet Vijayvergiya as President & Managing Director, Global Accounts and Asia Pacific Global brands such as Pizza Hut, VF Brands, KFC, Bata, Asics, Unilever, Siam Makro leverages Capillary solutions across multiple countries DUBAI – May 23, 2018: Capillary Technologies, with presence in 30+ countries and helping consumer businesses achieve digital transformation, using its AI Powered technology platform; today announced that it has grown its global business by 200% YoY and has elevated Mr.Abhijeet Vijayvergiya as its President & Managing Director, Global Accounts and Asia Pacific.  In the new role, Abhijeet will be not only continue to own sales for Asia Pacific but also be responsible to nurture and scale Capillary’s global accounts such as Pizza Hut, KFC, Bata, Asics, VF Brands, Siam Makro. ......read more

The French Business Council Dubai and Northern Emirates receives the Dubai Quality

 Appreciation Award for Representative Entities during the DED Business Excellence Awards Ceremony Dubai, UAE, May 22, 2018:  The French Business Council Dubai and Northern Emirates (FBC) has received the Dubai Quality Appreciation Award for Representative Entities, presented by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Mohammed bin Rashid Al Maktoum Knowledge Foundation. This award was given during the Business Excellence Awards Ceremony held on Tuesday, 24th April 2018 at Dubai Opera.  The Dubai Quality Award is an initiative created by the Department of Economic Development (DED) to promote quality and excellence. It provides organizations a tool to benchmark performance and document existing gaps, but also ......read more

CBUAE Publishes 2017 Financial Stability Report

Abu Dhabi, UAE – 22, May 2018:   The Central Bank of the UAE (CBUAE) today publishes the Financial Stability report for the year 2017. The Financial Stability Report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy measures introduced by the Central Bank. The Financial Stability Report also includes an assessment of key macro-financial and banking-sector developments that may affect financial stability in the United Arab Emirates. The Financial Stability report is produced annually, in line with the UAE Government’s goal of creating greater transparency throughout the UAE financial system.    H.E. Governor, Mubarak Rashed Al Mansoori, said: “The UAE banking sector remains resilient, with robust capital ratios, liquidity ......read more

Deloitte launches new Islamic Finance insights series

Islamic Finance: Scalable and sustainable source of funding social infrastructure  Dubai, UAE, May 21, 2018:   Policy makers, the private sector and governments continue to find ways to bridge gaps in infrastructure funding, with social infrastructure landscape climbing to the top of agendas in importance.  Deloitte Middle East continues to bring the latest insights on this trend through its new Islamic Finance insights series, “Scalable and sustainable source of funding social infrastructure”. The industry whitepaper published by Deloitte’s Islamic Finance Knowledge Center (IFKC) in the Middle East, is produced in collaboration with the Chartered Institute of Securities and Investment (CISI), UK. The analysis, views and policy recommendations have been contributed by prominent industry thought ......read more

Relief for Ransomware Victims with Free Tools from Trend Micro

Middle East accounts for 4.75% of global ransomware numbers in Q1 of 2018, finds Trend Micro report; Free tools ideal for businesses who do not use Trend Micro endpoint solution   May 21, 2018 - Dubai, United Arab Emirates   The Middle East and North Africa in Q1 of 2018, have accounted for 4.75% and 1.75% respectively of global ransomware threats, and Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, is committed to protecting customers and consumers against today’s greatest security threats. Trend Micro has blocked more than 100 million ransomware threats for their customers in the last six months alone, with 99 percent of threats blocked from email and web traffic. Recognizing the growth and impact of ransomware, the company has taken a holistic approach to ......read more

Euromax Launches ‘Bring your own Razor' to Salons Campaign

DUBAI – May 20, 2017: Euromax Personal Care, a division under Dubai-headquartered Eurostar Group, has initiated a campaign titled ‘Bring your own razor’ (BYOR) to salons, aimed to educate consumers about raising the bar on personal hygiene and safety. The campaign focuses on ‘one man, one razor’ theme about using own shaving products in salons in line with the existing guidelines of civic bodies.  Eurostar Group is now focusing on personal care segment, taking a range of products with highest quality standards to global markets.   Euromax introduces a professional salon shaving kit, which will enable consumers to carry their own preferred shaving devices and products to the salon. This will help them get a hygienic shave better safeguarding them from allergies and other spreading ......read more

UAE Investors Look for Reassurance as Market Volatility Causes Anxiety

  Holborn Assets reveals their clients’ most common current concern is based on predicted market volatility  Dubai based firm explains how a diversified investment portfolio offered great returns during the steady markets in 2017, but also protects against the volatility that has been seen this year. Dubai, United Arab Emirates,  May 20, 2018:  A leading financial adviser has revealed how investors can best protect their investment portfolio during the current period of volatility and uncertainty. Stefan Terry, Senior Partner at financial services and advisory firm, Holborn Assets, believes that a robust and diversified investment portfolio invested in a range of geographic locations and industry sectors as well as being spread across the major asset classes – equities, bonds, commodities ......read more

CBUAE Foreign Currency Rates

Dubai, United Arab Emirates, may 17, 2018:  The Central Bank of the UAE (CBUAE) announced that, as of May 17, 2018, it will publish on its website, a list of foreign currency rates against the AED (Arab Emirates Dirham), to help UAE business entities calculate their VAT obligations to the UAE Federal Tax Authority. This service is in line with the requirements of Federal Law No. 8 on Value Added Tax.  

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The Higher Sharia Authority Held Its Third Meeting

United Arab Emirates, May 17, 2018:  The Higher Sharia Authority (HSA) for financial and banking activities in the UAE held its third meeting at 9am of Sunday 13 May 2018. The meeting was chaired by His Eminence Sheikh Dr. Ahmad Bin Abdulaziz Al Hadad, the Chairman Higher Sharia Authority. The HSA discussed a number of matters related to the creation of a unified Sharia governance framework for Islamic financial institutions (IFIs).   The HSA considered the draft standard on the appointment of the internal Sharia boards for IFIs and the fit and proper criteria in addition to some related headlines. This standard is going to promote the role of the internal Sharia boards and strengthen Sharia compliance assurance in IFIs which will reflect positively on customer confidence in IFIs.   The HSA considered the ......read more

New EU GDPR Privacy Rules Affect Dubai Businesses

May 17, 2018 - Dubai, UAE: The latest scandal that unfolded with Facebook and how it has shared some user data with third parties has finally got everyone talking about data security and what could be done to properly protect the right to privacy – or, at least, the right to know who and how is using our data. It seems like the perfect timing for the General Data Protection Regulation (GDPR), EU’s latest privacy law, to come into effect on May 25, 2018. GDPR Applicable to Dubai Companies The new Regulation is a comprehensive attempt to codify and reform EU rules on data protection and privacy as part of the EU legislation. According to the new rules, there is an increased focus on security as organizations collecting, storing and processing data are required to take steps in order to ensure that the personal ......read more

Ithmaar Holding and its Wholly-Owned Subsidiary, Ithmaar Bank, Report First Quarter Profits

Dubai, UAE – 14 May 2018 – Ithmaar Holding B.S.C., a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, each announced their financial results for the first quarter of 2018 with both reporting profits for the period. The announcement by the Ithmaar Holding Chairman His Royal Highness Prince Amr Al Faisal, who is also the Ithmaar Bank Chairman, follows the review and approval of both Board of Directors of the consolidated financial results for the three-month period ended 31 March 2018.  The Ithmaar Holding reported a net profit of US$4.81 million for the three-month period ended 31 March 2018, a decrease of 16.9 percent compared to a net profit of US$5.79 million for the same period in 2017. Net profit attributable to equity ......read more

Caparol Paints Celebrates 20 Years of Excellence of the Prestigious CapaStone Range of Products

Dubai - May 14, 2017: Caparol Paints, a global provider of German paint and coating solutions, has announced celebration of 20 years of excellence for CapaStone, a premium natural stone-like finish texture paint for interior and exterior surfaces. CapaStone has carved out its legacy and emerged as a market leader for over the past two decades in the Middle East. CapaStone is a superior quality pure acrylic water-based paint system with coloured inorganic crushed natural stone aggregates for interior and exterior surfaces which are manufactured with cutting-edge German technology. The paint system is inspired by the natural scenic beauty and landscapes of the Middle East. The product is available in an exquisite range of breath-taking natural stone-like finishes to suit various architectural requirements.  Commenting on ......read more

Amira to Set New Jewellery Trends for Millennials with its First Store in UAE

Unique collection and first of its kind jewellery makes debut at the AMIRA store in Dubai Festival City  The first jewellery brand in the UAE that is crafted specially for the growing millennial demandswithin UAE  Dubai, 14th May2018: AMIRA proudly announces the opening of its exciting new flagship store located in Dubai’s most popular shopping destination, Dubai Festival City. The new store truly reflects the essence of AMIRA and exudes the radiance, cosmopolitan nature and optimism of the brand. The newly designed store on the link bridge, elegantly showcasing AMIRA’s latest and extensive jewellery offerings.   In an exclusive event to celebrate the opening, AMIRA’s first store saw the presence of Ahmad Khalifa Ali Al QaiziAlFalasi, CEO, Corporate Services and Investment, Department ......read more

ADNOC Announces AED 165 Billion Investment Plan to Become Leading Downstream Player

ADNOC will build on existing foundation in Ruwais, Abu Dhabi, to create the world’s largest integrated refining and petrochemicals complex Creation of new partnership and investment opportunities to enable ADNOC to further stretch the value of every barrel produced and leverage growth in demand for higher value downstream products  Development of an integrated downstream ecosystem, including new Derivatives and Conversion Parks, to stimulate In-Country Value creation, employment opportunities, and private sector and GDP growth Downstream strategy to add more than 15,000 jobs by 2025 and contribute an additional 1% to GDP per year  Abu Dhabi, United Arab Emirates, May 13, 2018:  The Abu Dhabi National Oil Company (ADNOC) today unveiled plans to invest AED 165 billion (US $45 billion) alongside ......read more

Hormann Launches Additional Safety Features for DOBO System for Warehouses

Dubai, UAE; May 09, 2018: Hormann Middle East and Africa, has launched the upgraded DOBO system allowing increased security and reduced heat loss through the loading bay doors when trucks dock.  DOBO system ensures safety and prevention of theft. With this system, the lorry doors are only opened shortly before loading. The semi-trailer can remain docked to the loading bay unattended, for example, overnight. It also provides safety for drivers: they can dock completely without exiting the vehicle, preventing them from entering the zone between the vehicle and the ramp.  DOBO system is also perfect for refrigerated warehouses. To fully utilize the floor space of a refrigerated warehouse, the DOBO system is combined with a thermal loading house. The industrial door closes the loading house from the outside. The expended ......read more

P&O Marinas Partners with Monaco for Projects in Mediterranean and Worldwide

DP World subsidiary to work on chain of superyacht marinas in exclusive agreement with Ports of Monaco Dubai, UAE, 08 May 2018: DP World Group subsidiary, P&O Marinas has announced an agreement with Monaco government owned Société Monegasque International Portuaire (SMIP) to work on selected marina projects in the Mediterranean and other locations around the world. A Memorandum of Understanding (MoU) has been signed in Monaco to invest, develop and manage yachting destinations dedicated to superyachts. The agreement was signed by Mohammed Al Mannaei, CEO of P&O Marinas and Mr. Aleco Keusseoglou, Chairman of SMIP in the presence of Mr. Rado Antolovic, CEO & MD of P&O Maritime, Mr. Gian Battista Borea d’Olmo, Executive Director of SMIP, Ms Fabiana Maccarini, Research and Development Officer, P&O Marinas and ......read more

Investment in Human Capital and Business Innovation are Fundamentals for Business Success and Survival

Hyper Island introduces its expertise in the UAE to offer solutions that enables professional development Tuesday, May 8 (Dubai) — Global brands such as Volvo, Coca Cola, Unilever, P&G, Microsoft, Dentsu, IKEA and Adidas have all sought the business and educational solutions of Hyper Island, a Swedish pioneer that brings transformation in businesses and empowers employees with new skills. Hyper Island is now offering its executive business educational programmes and innovation strategies in the United Arab Emirates and Middle East & North Africa. “We are absolutely delighted to launch a presence in the UAE and the MENA region. Hyper Island has over twenty years of experience in the educational and business innovation sector with global brands across the world. We have learning hubs in Stockholm, Singapore, ......read more

Milano Annual Dealer's Meet -2018

May 06, 2018 - Dubai, UAE: Milano, UAE’s leading brand in sanitary ware, electrical, water purifier, hardware and tiles, held its annual gathering for authorized dealers on Friday at Bollywood Parks, Dubai where more than 400 dealers across the UAE attended the event. Milano presented the latest product range to the dealers which included new variation added in sanitary ware, electrical, tiles, and hardware products. Joining the existing range of products are Milano Fix adhesive, Shower-head with micro fabric filters, PU Foam, Digital door viewer, Pressure washer and a new range of door handles. The dealers were given detailed information about the new products launched which resulted in on-the-spot order bookings. Anis Sajan, Managing Director of Danube Group added, “With an increase of 35% in business growth last ......read more

Central Bank of the UAE Holds its 3rd Board of Directors Meeting for 2018

Abu Dhabi, UAE – 06 May 2018:  The Board of Directors of the Central Bank of the UAE held its 3rd meeting for 2018 at 9:30am on Tuesday, 1st May 2018, at the Central Bank Head Office – Abu Dhabi, under the chairmanship of H.E. Khalifa Mohammed Al Kindi, Chairman of the Board. The meeting was attended by H.E. Khalid Juma Al Majid, Deputy Chairman, H.E. Mubarak Rashed Al Mansoori, the Governor, and Board members; Their Excellencies Younis Haji Al Khoori, Khalid  Mohammed  Salem Balama, Khalid Ahmad Al Tayer, Hamad Mubarak Buamim, as well as by Their Excellencies Mohamad Ali Bin Zayed Al Falasi, Deputy Governor, Saif Hadef Al Shamsi, Assistant Governor and a group of senior Central Bank staff.    The Board reviewed the following reports submitted by Monetary and Reserve Management ......read more

FERG Attends the 3rd Edition of Awareness Training by Dubai Police

Initiative helps bring down money exchange and bank theft in the UAE by 90% Dubai. UAE – May 5, 2018: The Foreign Exchange and Remittance Group (FERJ), a consortium of businesses engaged in the foreign exchange and remittance industry, attended the 3rd edition of Awareness Training by Dubai Police, held on 25th April at Dubai Police Officers Club. The initiative by Dubai Police works on training employees of banks and exchange houses to avoid falling victims of swindling and deception.  Thanks to such awareness sessions and other security initiatives taken by Dubai Police, there has been a 90 per cent drop in crimes in banks and money exchange houses last year compared to 2016.  FERG has been working closely with Dubai Police to combat financial crimes related to foreign exchange and money transfers. ......read more

GCOX signs MOU with His Highness Sheikh Khaled Bin Zayed Al Nahyan to expand global celebrity token footprint to the Middle East

Agreement paves the way for the launch of UAE’s first fully-licensed celebrity crypto exchange Dubai, 2 May 2018 –   In a partnership aimed at expanding its celebrity token footprint to the Middle East, the Global Crypto Offering Exchange (GCOX) has signed a memorandum of understanding (MOU) with Bin Zayed International L.L.C. In addition to meeting the growing demand for decentralised blockchain applications around the world, this new strategic partnership, which was signed during the Future Blockchain Summit in Dubai, paves the way for the launch of UAE’s first fully-licensed celebrity tokens crypto exchange. “With the global crypto market predicted to be worth over US$6 billion by 2025, and the rate of adoption expected to grow exponentially in the coming year, the importance of capitalising ......read more

GCC banks resilient in the face of political and economic challenges: KPMG GCC listed banks report

      Banks’ asset growth remains robust at 4.4 per cent     Overall net profit increased 6.7 per cent year-on-year     Non-performing loan (NPL) ratio for the GCC banking sector reduced by 0.3 per cent to 3.2 per cent Dubai, United Arab Emirates, May 02, 2018:  KPMG has released the findings from the third edition of its annual GCC listed banks results report, which analyses the financial results for leading listed commercial banks across the GCC in 2017. Titled ‘Shifting horizons’, the report shows that banks’ asset growth remains robust at 4.4 per cent, particularly when compared with more developed markets. Growth was driven by increased lending to government and related entities to support national-level growth initiatives. Driven by the larger ......read more

Trend Micro Highlights the Need to Bolster Digital Security with KSA's Smart City Transformation

Saudi Arabia’s ICT spend to reach US$ 40 billion this year Trend Micro participates in Smart Transformation Summit as strategic partner May 2, 2018 - Dubai, UAE   Saudi Arabia’s digital transformation continues to burgeon with reports showing that the Kingdom’s ICT spend grew 6 per cent in 2017 to over US$36 billion and is predicted to expand further this year to reach the value of US$ 40 billion.   With the pace of KSA’s digitization continuing in rapid acceleration, Trend Micro, a global leader in cybersecurity solutions, emphasized the need for a modernized, integrated and secured system, noting the serious privacy and security challenges that come with a vast web of interconnected technologies.   Speaking at the Smart Transformation Summit in Riyadh, Dr. Moataz Bin ......read more

FIABCI World Congress 2018 discusses opportunities and challenges of youth in real estate investment

 Youth Seminar on ‘The Benefits of Real Estate Investment’ – A Local Perspective with a Global Vision 2018 Dubai, United Arab Emirates, 1st May 2018:  Youth in real estate investment was the focus of the second day of the 69th edition of the International Real Estate Federation’s FIABCI World Congress, which was inaugurated on Monday 30th April in Dubai and will run until 2nd May under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. During the event, which is being held for the first time in the MENA region under a ‘Happy Cities’ theme, Dubai Land Department (DLD) organised a youth seminar in cooperation with the Emirates Youth Council and in the presence of a group of developers to discuss the ......read more

Other Top Stories from Banking and Investments
 
Board of Directors of Awqaf and Minors Affairs Foundation Approves 2018-2020 Strategic Plan…

Al Mutawa: Strategic Plan mandates implementation of several initiatives and meets fourth-generation system of government excellence Plan outlines 18 objectives under five key pillars to achieve AMAF’s mission and extend support to larger number of charity beneficiaries  Dubai-UAE: 30 April 2018 – Awqaf and Minors Affairs Foundation’s (AMAF) new strategic plan for ......read more

Locus Chain Foundation Launches Fourth Generation Blockchain Technology…

A secure transaction – end-to-end – can now be concluded in under two seconds irrespective of the broadband speed. DUBAI - April 29, 2018: Locus Chain Foundation, a Singapore-headquartered organization, today announced the launch of the fourth generation of blockchain technology. In a global first, this fourth generation blockchain platform will enable a transaction using ......read more

Great Place to Work® reveals UAE's ‘Best 25 Workplaces'…

UAE-based company THE One named ‘Best Workplace in the UAE’ and its CEO named ‘Leader of the Year for 2017-2018’ Dubai Airport Freezone Authority (DAFZA) becomes first UAE government entity to be recognized by Great Place to Work for its outstanding workplace culture  Dubai, UAE, 28 April 2018:  Great Place to Work® - a global research, ......read more

Region's happy workplaces revealed…

Based on multiple parameters, the inaugural edition of ‘Happiness @ Work Awards’ recognizes organisations in five different categories.  DUBAI – April 26, 2018:   The quotient of happiness existing among entities of the region was recognized at “The Happiness @ Work Award” program’s inaugural edition staged in Dubai. The workplace happiness ......read more

Boehringer Ingelheim Has a Very Successful 2017 Financial Year…

Sharp increase in net sales to nearly 18.1 billion euros (+15.7 per cent in currency-adjusted terms; +13.9 per cent in  euro terms) Operating income rises significantly to around 3.5 billion euros Return on net sales of 19.3 per cent Strengthened animal health business successful Boehringer Ingelheim Middle East, Turkey, Africa (META) achieved a sales growth of 10% in ......read more

Bosch Blazing New Trails in Mobility and Environmental Protection…

Record business performance in 2017 Successful business year in 2017: sales revenue increases to 78.1 billion euros Record earnings in 2017: EBIT from operations reaches 5.3 billion euros Bosch CEO Denner: “We want to keep people mobile and improve air quality” Breakthrough: diesel NOx emissions far lower than legally prescribed limits Strategy: cross-domain IoT ......read more

flynas, the first airline in Saudi Arabia to offer travel insurance in partnership with Chubb Arabia…

April 25, 2018 United Arab Emirates:  flynas, the award winning Saudi national carrier and leading low-cost airline in the Middle East signed an agreement with Chubb Arabia Coorperative Insurance Company to offer flynas customers with travel insurance coverage, making flynas the first airline to offer its passengers travel insurance.  The signing ceremony took place on the sidelines ......read more

Intersec Saudi Arabia 2018 Opens for Business Featuring 150 Exhibitors from 20 Countries…

World’s leading security, fire protection, safety companies target Kingdom’s US$6.02 billion market  Dubai, UAE - April 24, 2018: Intersec Saudi Arabia 2018 opened today (24 April) in Jeddah, with 150 exhibitors from 20 countries looking to network and generate fresh business opportunities in the Kingdom’s US$6.02 billion security, safety and fire protection ......read more

FINABLR Launched To Accelerate Customer-Focused Technology Innovations…

Dr. B. R. Shetty creates “Finablr”, a holding company that intends to consolidate his global financial services brands. Finablr to accelerate customer-focused innovations in the financial services sector, building on over four decades of industry experience.  Finablr also announced the intent to rebrand the non-UAE operations of UAE Exchange as ......read more

DP World, UAE Region Wins Supply Chain Hub Award…

Dubai, United Arab Emirates, 23rd April 2018: DP World, UAE Region has underlined its position as the leading trade enabler by winning the Supply Chain Hub Award at the Logistics Middle East Awards 2018 organised by ITP Media Group. Abdulla Bin Damithan, Chief Commercial Officer of DP World, UAE Region received the award in the presence of leading industry executives from across the Middle ......read more

GN Group inaugurates MENA Head Office in Dubai…

The mothership of aural technologies Jabra and ReSound, GN Group breaks camp with its first office in Dubai Dubai, United Arab Emirates, April 22 2018 –   GN Group, a global leader in intelligent audio and hearables solutions that let one hear more, do more and be more, opens a base in Dubai with its first office in the Middle East, Africa and Turkey region. With world-leading ......read more

Ashridge to help Saudi leaders explore and implement strategies for growth…

KSA; 19 April 2018:   Ashridge Executive Education, with over 20 years of experience in training regional business leaders, is focusing on helping Saudi businesses to effectively execute their strategy for growth. As companies in Saudi Arabia face the challenges of digital disruption, a relatively young workforce, and changing customer demands, it is imperative to turn strategies into ......read more

Iron Mountain® acquires Derby Records Management FZ LLC expanding presence in UAE…

Dubai, UAE, April 19th, 2018:  Iron Mountain Incorporated® (NYSE: IRM), the global leader in storage and information management services, today announced the acquisition of Derby Records Management FZ LLC in Dubai, UAE, expanding the company’s presence and scale in the fast-growing Dubai market. The acquisition of Derby Records Management FZ LLC will add two facilities and ......read more

Labuan IBFC Launches Gulf Roadshow Showcasing Unique Shariah-Compliant Solutions and Structures for ...…

Kuala Lumpur, 17 April 2018 – Despite the competitive Shariah-compliant market for financial services structures and solutions in the Gulf Cooperation Council (GCC) region, Labuan IBFC is confident that its omnibus Islamic legislation and its strong Shariah Supervisory Council will continue to keep Labuan IBFC as a key jurisdictional option for Gulf businesses and families. To further ......read more

InfoFort awarded the Dubai Chamber CSR Label…

Recognised for its outstanding efforts for the 5th consecutive year Dubai, UAE, April 16, 2018:   InfoFort, an Aramex company and a leading information management solution provider in the Middle East and Africa, was awarded the Dubai Chamber CSR Label for the fifth consecutive year. The initiative established by Dubai Chamber of Commerce and Industry aims to encourage and ......read more

Mint Middle East to Collaborate with Interac in UAE…

Mint is proud to announce its exclusive partnership with Interac to offer secure contactless and mobile debit solutions for domestic UAE transactions  Dubai, UAE (April 15, 2018):    Mint Middle East (MME) on Sunday signed licensing agreements with Interac Corp. (Interac), Canada’s domestic debit network, granting MME exclusive rights in the United Arab Emirates ......read more

Foreign companies back France more strongly than ever as a European business location…

300 companies from Middle Eastern countries recorded in 2017 employing + 24,000 people United Arab Emirates, April 8, 2018.   “The 2017 Annual Report: Foreign investment in France – The international development of the French economy” just released, provides confirmation of the renewed confidence global foreign investors have in France as a business location. ......read more

TSYS and Mashreq Bank Announce the Successful Implementation of PRIMESM for Acquiring Services…

Award winning financial institution in Dubai successfully deploys TSYS’ payments processing solution  Dubai, United Arab Emirates, 5 April 2018:  TSYS (NYSE: TSS) and Mashreq Bank announced today that Mashreq has successfully implemented TSYS’ PRIME software licensing solution, to enhance the bank’s customer-centric experiences for its merchants. TSYS ......read more

New technologies set to disrupt UAE banking sector in 2018, KPMG banking perspectives report states…

    Artificial intelligence, blockchain and FinTech will drive banks to improve operational efficiency, increase revenue and reduce risk     Implementation of VAT could result in banks increasing their fees to compensate for increase in costs      A strong and positive culture can help UAE banks overcome regulatory and innovation-related ......read more

CISI celebrates 12 years of raising professional standards in the financial services industry by ...…

Outstanding members of the financial services industry were awarded by CISI at the prestigious annual UAE Awards Ceremony 2018 at the Emirates Golf Club Dubai, United Arab Emirates, 28 March 2018:  In celebration of its 12th anniversary in the UAE, leading professional body for securities, investments, wealth and financial planning professionals, Chartered Institute for Securities ......read more

Mashreq named Best Call Centre 2018 at the Service Olympian Awards…

United Arab Emirates, Dubai, 25 March 2018:  Mashreq, one of the UAE’s leading financial institutions, today announced it has received the Service Olympian Award for ‘Best Call Centre 2018’. The prestigious awards are the most coveted customer experience recognition in the Middle East and celebrate excellence in customer service delivery. Sumit Bhatia, Head of Direct ......read more

In partnership with Emirates and Jumeirah Hotels & Resorts…

American Express Middle East connects with key partners and Cardmembers at annual Golf Tournament  Dubai, UAE, 20 March 2018:  Senior management of American Express Middle East and over 70 key business partners and Cardmembers gathered at the company’s Golf Tournament held recently at Jumeirah Golf Estates.  The full-day event was held in partnership with Emirates ......read more

Philips Lighting announces intention to change company name to Signify while keeping the Philips ...…

Abu Dhabi, Dubai, United Arab Emirates March 19, 2018:  Philips Lighting (Euronext: LIGHT), the world leader in lighting, has announced its intention to change its name from Philips Lighting to Signify. The choice of the new company name originates from the fact that light becomes an intelligent language, which connects and conveys meaning. The company will continue to use the ......read more

Axis Bank starts operations in Sharjah…

Sharjah office is Axis Bank’s 3rd representative office in the UAE New office to help service clients in Sharjah and other northern emirates  Sharjah, March 18, 2018:   Axis Bank, India’s third largest private sector bank, today opened a representative office in Sharjah, United Arab Emirates. Shri Vipul, Consul General of India in Dubai, inaugurated the ......read more

Mashreq Bank honored twice at EMEA Finance Middle East Banking Awards…

Dubai, United Arab Emirates, 14  March 2018:  Mashreq Bank, the UAE’s leading financial institution, was honored twice at the 2017 EMEA Finance Middle East Banking Awards. Now in its 10th year, the award ceremony recognizes the achievements of the region’s retail and investment banks, as well as their asset management and brokerage operations. The magazine cover banks ......read more

NREC Earnings Release for Full Year 2017 and Q4 2017…

  FY 2017 (Million KD) FY 2016  (Million KD)     Var (%)    Q4 2017 (Million KD) Q4 2016 (Million KD) Var (%) Operating Revenue    ......read more

Easy Markets Launches Ethereum and Ripple – The New Frontier of Trading…

By its very nature, financial market trading is a fluid and constantly changing entity, and one that has always evolved in relation to social, technological and economic trends. With this in mind, it's little wonder that technology has redefined the boundaries of the financial market in recent times, with cryptocurrency markets in particular representing the next frontier of trading. As ......read more

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