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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

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 Corporate Governance. It reviews and provide guidance about the alignment of corporate strategy with risk appetite and the internal risk management structure. Doha Bank is recognized as one of the few ‘Domestic Systemically Important Bank’ (DSIB) in Qatar. The Bank is committed to adhering to and promoting good corporate governance at every level within the Bank from the Board of Directors and Senior Management down to branch and ......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 the same amount Dubai-UAE: 23 May, 2017:  National Bonds Corporation (National Bonds), the leading UAE company specializing in a unique and Sharia-compliant investment program, has released its 2016 Savings Index findings based on a survey conducted among savers and non-savers in the GCC region. Compiled by Sondos Market Research, the survey aimed to gain feedback on three key areas - financial stability, potential for saving and ......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 – complements du’s current suite of managed service products and services for its enterprise customers that are demanding higher levels of security. Through the partnership, DarkMatter will provide its expertise to du’s extensive business customer base. Fahad AlHassawi, Chief Commercial Officer, du said: “Security is a critical component that is already built into the DNA of our products. With the evolving landscape in ......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 in Kenya in the last 2 years. The brand forecasts an additional increase of 5% by the end of 2017. Mobile payments are growing worldwide, with the number of active users expected to hit 450 million in 2017.  A new World Bank report released in 2017 indicates that mobile wallets have emerged as the cheapest way of conducting a remittance transaction, at fees averaging 3.73% . Kenyans overseas are increasingly realizing the convenience that ......read more

Barwa Bank honored as “Leading Bank in Islamic Services and Products in Qatar” by the World Union for Arab Bankers

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 award was received by Mr. Talal Ahmed Al Khaja, Group Chief Communication’s Officer at Barwa Bank during a grand ceremony held in Beirut, attended by an elite group of international financial and banking leaders, industry experts and VIP guests. Commenting on winning the prestigious award, Mr. Khalid Al Subaie, Group Chief Executive Officer at Barwa Bank, said:  “At Barwa Bank, we are driven by a dedicated pursuit of ......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 dedicated rail GDS technology provider. Expedia® will acquire a majority stake in SilverRail. SilverRail’s core mission is to solve rail's most challenging technology problems and the company has been an important Expedia industry partner, helping to bring online booking for rail to Expedia's customers.  "Rail is ready for an online revolution, and we're ready to be a part of it. Rail's shift online is one ......read more

Ria Money Transfer Officially Launches Operations in GCC Countries and Announces Key Partnerships

Company’s regional headquarters in Dubai to serve as base for expansion in one of the world’s top remittance sending regions Third largest money transfer company in the world unveils new remittance service to India with three new principal agents adding tens of thousands of locations to their Indian network Dubai, U.A.E., May 21, 2017:  Ria Money Transfer (“Ria”), the third largest money transfer company in the world and subsidiary of Euronet Worldwide Inc. (NASDAQ: EEFT), has announced its expansion and ramp-up in the GCC countries and has more than 50 key business partnerships in the banking and financial services sector. Speaking at a press conference in Dubai, Juan Bianchi, CEO & President of Ria Money Transfer also announced that the company has launched an industry leading outbound ......read more

Salary Disbursals Through Mobile Exchange; First-Of-Its-Kind in the Market

Dubai, 18 May 2017: UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, is bringing its financial services to the doorsteps of its customers. Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, is introducing the Mobile Exchange facility for the employees of its corporate clients to withdraw salaries literally from anywhere. This new initiative was brought into operation on the occasion of the 11th anniversary of Smart Pay. The first transaction was conducted at Le Meridian Hotel, Dubai. The Mobile Exchange is a first-of-its-kind initiative in the UAE. As a pilot, the Mobile Exchange will travel across Dubai only. It will be stationed at key locations, reaching out to all major labour camp areas. Customers can withdraw their salaries during their visit to ......read more

UAE Dirham celebrates 44 years

Born on May 19, 1973, the UAE Dirham reflects the Spirit of the Union in its unified form May 17, 2017, Dubai:  As the UAE dirham completes its 44th year on May 19, the currency celebrates its unified form representing the seven emirates after undergoing several transformatios. The 1973 born banknotes began their journey in denominations of 1, 5, 10, 50 and 100, displaying the watermark of an Arabian horse – which was later changed to falcon, the national bird of UAE. The date also marks the formation of United Arab Emirates Currency Board which issued the new notes bearing various local environmental landmarks and geographical boundaries of the UAE.  “The very first denominations were imprinted with landmarks that represented each emirate separately with the name of emirate on the bank note,” said Mr ......read more

in5 Powers Startup Businesses and Entrepreneurs in the Region

showcased 20 high potential startups at leading innovation driven events in the UAE, including AIM Startup, STEP Conference and ING Creative Festival in5 members raised approximately AED140 million in funding Dubai-UAE: 17 May, 2017:  in5, the enabling platform for entrepreneurs and startups, launched by TECOM Group, is leading the charge in transforming the UAE startup space with its sustained efforts in accelerating the scope and visibility of entrepreneurs amongst a valuable pool of thought leaders, the wider business community and investors. Commenting on in5’s progress to date, Malek Al Malek, CEO of TECOM Business Parks said: “We congratulate our in5 members who have made the most out of the startup opportunities offered to them. Since the launch of in5 in 2013, our members have raised approximately ......read more

National Bonds Bags Best Mortgage Product in Gulf Real Estate Awards 2017 with Ready Residential Units Offered with an 8-year Payment Plan

  Sultan Butti bin Mejren: Dubai is a center of global real estate innovation Omar Subhi: National Bonds will soon start phase three Dubai-UAE: 17 May 2017 - National Bonds Corporation PJSC (National Bonds), the leading sharia-compliant savings and investments company in the UAE, recently won the Best Mortgage Product for its distinguished work on developing the second & third phases of the Green Community project at Motor City which offers buyers the opportunity to own their dream home with a flexible payment plan spanning over eight years. The company was recognized during the Gulf Real Estate Awards ceremony that was held by the Dubai Land Department in collaboration with “Awards International” with the attendance of over 300 leading real estate companies. In this context, His Excellency Sultan ......read more

Regulatory Realignment Will Encourage Fiscal Discipline and Diversification in GCC

Dubai, May 17, 2017:  Doha Bank hosted a knowledge sharing event on “Regulatory Changes and Opportunities” on 15th May 2017 at Four Seasons Hotel, Doha, Qatar.  The Guest of the Honour in the evening was H.E. Mr. Nassir Abdul-Aziz Al-Nasser, UN High Representative for the Alliance of Civilizations. Mr. Ali Ibrahim Abdullah Al- Malki, Member of BOD of Doha Bank had also graced the occasion. The speakers at the event include Dr. Ehab Elsonbaty, Senior Legal Counsel, Head of Governance and Government Affairs, Qatar Investment Authority, Mr. Sultan Al-Kuwari, Capability Development Manager, Qatar Development Bank, (QDB), Mrs Prue Morris, Managing Director, Policy and Enforcement, QFCRA and Mr. Craig A Richardson, Partner, Head of Tax, KPMG Qatar and Bahrain. “H.E Mr. Nassir Abdul – Aziz Al Nasser stated ......read more

Fragrances for Ramadan from Marks & Spencer

Dubai, UAE, May 16: 2017:  Marks & Spencer is pleased to announce the launch of its new scent for Ramadan; Opulence OUD. This delightful scent contains warming and spicy accents with an opulent, enticing floral heart and aromatic saffron accords. The fragrance leaves a warm, woody and sensual trail on the skin with notes of vanilla, sandalwood, patchouli and dahn al oudh. Opulence OUD Eau De Parfum 100ml The fragrance leaves a warm, woody and sensual trail on the skin with notes of vanilla, sandalwood, patchouli and dahn al oudh Price: AED175 Opulence OUD Coffret This gift features eau de parfum 100ml and eau de parfum 25ml. A fragrance to captivate the senses. Price: AED225 Rosie Nuit Parfum 75ml Rosie for Autograph Nuit Parfum, exclusive fragrance from British model and actress Rosie ......read more

DIB Continues Its Dominance in Islamic Finance securing Five Top Industry Awards

•    Awarded ‘Best Islamic Bank’, ‘Best Islamic Retail Bank’, ‘Best Islamic Corporate Bank’, ‘Best Sukuk Arranger’ and ‘CEO Award’ Dubai, UAE, 15 May 2017: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, continued its dominance of the Islamic finance sector bagging an impressive five ‘Industry Awards’ at a ceremony by CPI Financial, the publisher of Banker Middle East magazine held on May 11, 2017 at the Emirates Towers Hotel in Dubai. A clear indication of the bank’s leadership position in both the wholesale and consumer businesses, DIB once again received the Best Islamic Bank, Best Islamic Retail Bank, Best Islamic Corporate Bank & Best Sukuk Arranger accolades, effectively repeating its impressive feat last year. In ......read more

Barclays ‘Compass': Prospects for the World Economy Are Brightening

Continued pick-up in business confidence surveys across the major economies US and Continential Europe Equity Markets offer best growth prospects Emerging Markets upgraded to overweight, driven by burgeoning business confidence  Dubai, UAE, May 14, 2017:  Barclays revealed today its latest tactical investment recommendations in its Q2 2017 “Compass” report, published by Barclays’ Private Bank.  The latest edition of the Compass research report, which examines major asset classes globally, maintained its overweight allocation to Developed Markets Equities stating that the US and Europe stock markets (excluding the UK) are likely to offer best growth prospects for investors. The report also assigned an overweight allocation to Emerging Markets Equities as the business cycle continues to ......read more

GAC Group unveils new Management appointments

Dubai, UAE, May 14, 2017:  Global shipping, logistics & marine services provider GAC has announced a new round of management appointments at Group and individual company level. To sharpen the Group’s commercial focus, a new Group Sales Management structure has been put in place with two dedicated Group Sales Directors to guide and oversee the sales strategy of GAC’s shipping, logistics and marine services in the Eastern and Western hemispheres, respectively.   Ronnie Knowles, formerly Managing Director at NSGAC Abu Dhabi, has taken over as Group Sales Director – East, responsible for the geographical regions from the Middle East to Japan. He is based at the GAC Regional Office in Singapore. For the area from the Americas to Europe and Africa, former Marketing Manager – Shipping Services Neil ......read more

Doha Bank Wins “Best Regional Commercial Bank” at Banker Awards 2017

Dubai, May 14, 2017:  Doha Bank has been named the 'Best Regional Commercial Bank' for the fifth time in a row at the Banker Middle East Industry Awards 2017. The awards were presented in Dubai on 11th May 2017 at Emirates Tower Hotel, Dubai. Dr R Seetharaman, Group CEO of Doha Bank, received the award on behalf of Doha Bank and said “To be recognised as the foremost commercial bank in the Middle East for a fifth straight year is a firm acknowledgement of the effectiveness of Doha Bank's business strategy and the value it provides to its various stakeholders. In 2016 through the efficient asset allocation model the return on average Shareholders’ equity was 12.1% and return on average assets was 1.21% which is a clear demonstration of the effective utilization of funds. Some of the major initiatives in ......read more

Filorga launches Time-Zero, a multi-correction wrinkles serum

Dubai, UAE, May 11, 2017:  Filorga, the first French aesthetic medicine laboratory takes inspiration from the latest advances in aesthetic medicine to develop a cutting-edge serum that can treat all types of wrinkles. By integrating active ingredients usually reserved for aesthetic medicine in a skincare formula, Filorga has created an effective concentrate to erase wrinkles in women aged 35 and above called Time-Zero.  Wrinkles are the first external signs of aging and there are four main types of them that tend to affect your skin.  These include, deep wrinkles, fatigue wrinkles, contraction wrinkles and surface wrinkles, which are caused by various reasons. Filorga’s Time-Zero Multi-Correction Serum is equipped to tackle all types of wrinkles as the ingredients contained in the product work in synergy to ......read more

Global Banking & Finance Review Awards ICS Financial Systems Ltd for “Best Islamic Banking Technology Provider MEA 2017”

  May 2017 Dubai, UAE: Global Banking and Finance Review has announced ICS Financial Systems Ltd. (ICSFS), the global software and services provider for banks and financial institutions, the “Best Islamic Banking Technology Provider MEA 2017”   Global Banking and Finance Review awards ICS Financial Systems Ltd in recognition for its prominent in particular areas of expertise and excellence within the global financial community. The award reflects the innovation, achievement, strategy, progressive and inspirational changes taking place within the financial sector. ICS BANKS® ISLAMIC provides a complete  - shari’a compliant - banking business solutions, and have facilitated banks in achieving a competitive edge by offering a complete integrated End-to-End and comprehensive suite of Islamic ......read more

Salem Ahmad Almoosa Enterprises honors young Quran memorizers at 2017 Dar Al Ber Quran Memorization Project

UAE, May 10, 2017– Salem Ahmad Almoosa Enterprises (SAAE), one of the UAE’s most prominent business conglomerates, has announced its participation as the Gold Sponsor of the 2017 edition of the Dar Al Ber Quran Memorization Project held today (May 10, 2017) at the Headquarters of Dar Al Ber Society in Dubai. This sponsorship comes as part of the company's continuing commitment towards supporting national initiatives and efforts that are aimed at strengthening religious and ethical culture among the UAE youth--also falling in line with the 'Year of Giving' initiative and the directives of the country's wise leadership to develop an integrated and unified community that adheres to Islamic values and principles.   On its ninth year, the event honored the exceptional young students who have achieved ......read more

Young Emiratis Celebrating Career Growth at UAE Exchange

Brand emphasises career growth opportunities and long-term commitment towards developing UAE National talent Dubai, UAE, May 11, 2017:  The passion for excellence coupled with the commitment of transferring happiness has earned select Emirati staff of UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, with special promotions. A formal felicitation ceremony was held at the brand’s global headquarters in Abu Dhabi today.  12 Service Supervisors were elevated to the rank of Marketing Managers, Branch Managers and Service Leaders while 11 Emirati Service Officers were promoted to the position of Service Supervisors. Speaking on the occasion, Abdel Kareem Alkayed, UAE Exchange Country Head for the UAE, said: “The recognition reiterates our commitment towards equitable ......read more

Mashreq Celebrates 50th Year as the most progressive bank that enables possibilities through innovation

New vision unveiled to guide Mashreq Bank forward for the next 50 years Mashreq registers 50 years of uninterrupted profits and significant growth Dubai, 10 May 2017:  Mashreq Bank, the UAE’s oldest privately owned bank, is celebrating its 50 year anniversary in the United Arab Emirates today at the Dubai Opera. With 50 years of achievements, the bank is the market leader when it comes to product and service innovation and customer service. This leadership is because of the bank’s dynamism and ability to quickly adjust and respond to changing market trends.  Mashreq Bank, originally called Bank of Oman, was formed by a decree from His Highness Shaikh Rashid Bin Saeed Al Maktoum in 1966, and formally opened on 1st May 1967. With the strong encouragement of His Highness Shaikh Rashid, Mashreq Bank has ......read more

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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

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

Reebok Growing Plant-Based Footwear…

May 18, 2017– Global fitness brand Reebok, recently announced its “Cotton + Corn” sustainable products initiative, which will bring plant-based footwear to the market later this year. Cotton + Corn is an initiative developed by the Reebok Future team to create shoes “made from things that grow.” The first release will be a shoe that has an upper comprised of ......read more

Dabur International's CEO Mohit Malhotra among Forbes Middle East's 2017 list of Arab World's ...…

Dubai, UAE, 18 May, 2017- Mohit Malhotra, CEO of Dabur International, has been named among Top 50 Indian Executives in the Arab World 2017, a coveted list unveiled recently by the Forbes Middle East. He ranks 22 in the coveted list of the most dynamic, impressive and influential senior management professionals from the region. Malhotra, who has been with Dabur Group for the last two decades and ......read more

E-City wins ‘Innovative ICT Retailer of the Year' category at ‘Choice of Channel Awards 2017'…

May 14, 2017: E-City, a leading operator of a chain of world-class multi-brand electronics retail stores across the UAE and a part of the Albatha Group, has been named ‘Innovative ICT Retailer of the Year’ during this year’s edition of the Choice of Channel (COC) Awards, an initiative organized by one of the region's most recognized industry publications, VAR magazine. Now ......read more

ARPUPLUS continues to strengthen position in the MENA region as mobile connectivity gateway & value ...…

May 11, 2017: ARPUPLUS, a mobile value added services (VAS) pioneer in the MENA region and Emerging Markets, is looking to expand its presence in the region with its application-to-person (A2P) services. A subsidiary of A15, an entrepreneurial company with interests in digital products and technology brands, ARPUPLUS specializes in Mobile Content and Entertainment, Connectivity, and Marketing. ......read more

GROHE takes full ownership of Grome joint venture…

GROHE acquires remaining stake in 50:50 joint venture from Mesma Holdings Ltd. Acquisition follows almost 45 years of successful business expansion in the Middle East, the East Mediterranean and the North and West Africa region Decision driven by firm commitment to the region and confidence in its growth prospects Dubai, UAE, May 10, 2017:  Today, GROHE AG, the world’s ......read more

Doha Bank Exchange Traded Fund (ETF) in final phase…

Dubai, May 10, 2017:  Qatar Exchange and HSBC organized the Annual Investment Forum 2017 on 8-9 May 2017 at New York Palace Hotel.  Mr. Rashid Ali Al-Mansoori, Qatar Exchange CEO   said, “Qatar exchange aims to provide more products this year to encourage investments from global investors. The Exchange traded fund (ETF) is part of this initiative of Qatar Exchange. This would ......read more

Dubai Islamic Bank wins coveted Global Islamic Business Award…

The prestigious ceremony was conducted under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai DIB wins prestigious award for pioneering work in Islamic Finance Dubai, UAE, 9 May 2017:  Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has been awarded the Global Islamic Business Award ......read more

Dhofar Global to strengthen its presence in KSA, Kuwait & Bahrain by 2020…

May 09, 2017- Dhofar Global, a leading supplier of hygiene products in the Middle East, has marked its 10th anniversary with a celebration of its decade-long accomplishments and the unveiling of a more ambitious expansion plan to fully cement its market footprint across the region. The company recently hosted an event for their suppliers, clients and employees at the Westin Dubai Mina Seyahi ......read more

Sharjah Tatweer Forum successfully conducts interactive workshop during SEWA Project Management ...…

May 08, 2017: In line with its mission to develop the capabilities of the youth and human capital of Sharjah, Sharjah Tatweer Forum (STF), a part of the Rubu' Qarn Foundation for Creating Future Leaders and Innovators, successfully conducted a project management workshop as part of the Project Management Congress of the Sharjah Electricity and Water Authority (SEWA), which was held last May ......read more

UAE Exchange and NYU Abu Dhabi collaborate to empower Fintech Startups…

Signs MoU to promote innovation and advancement in Fintech in the UAE through disruptive startups. Abu Dhabi, UAE, 08 May 2017:  UAE Exchange and New York University Abu Dhabi (NYUAD) have signed a Memorandum of Understanding (MoU) to advance Fintech (Financial Technology) innovation in the United Arab Emirates (UAE) through startAD, the innovation and entrepreneurship platform ......read more

Siemens wins EUR790 million substation contract in Qatar…

Biggest-ever contract for Siemens in Qatar Contract for 35 substations received from KAHRAMAA    Project supports country’s ambitions for a reliable power transmission network  Dubai, UAE, May 8, 2017:  State-owned utility Qatar General Water & Electricity Corporation (KAHRAMAA) has awarded Siemens the largest contract to-date in Qatar for the expansion ......read more

Menacorp receives recognitions & certificates of appreciation from UAE Securities & Commodities ...…

May 08, 2017: Menacorp, the UAE’s largest financial services firm, was recently recognized and awarded Certificates of Appreciation by the UAE Securities and Commodities Authority (SCA) during the 7th Awarding Ceremony of the Brokers Licensing Qualifications Program for year 2016 – 2017. The ceremony, held at the SCA premises in Dubai, gathered several market participants and ......read more

Ajman DED adopts Trade Names Booking system to promote emirate's economic & investment ...…

UAE, May 8, 2017- To significantly boost the promotion of the competitiveness and attractiveness of the local business and investment sectors, the Department of Economic Development - Ajman recently adopted the ‘Trade Names Booking’ system. The unified and integrated platform for regulating the booking of trade names, economic records and economic licenses is fully integrated with ......read more

Alawwal bank wins 'Best Retail Bank' in Saudi Arabia at the Asian Banker awards…

Riyadh, Kingdom of Saudi Arabia – 08 May 2017:  Alawwal bank was named the 'Best Retail Bank' in Saudi Arabia 2017 at the Asian Bankers, International Finance Excellence Awards held at the Ritz Carlton in Dubai on 20 April.  The award recognises Alawwal bank's customer centric approach and focus on innovation in products, services and its digital ......read more

Mashreq and Germany's Commerzbank Agree on a Strategic Cooperation for Multinational & Corporate ...…

  •    New products and services offering for Commerzbank’s clients •    Establishment of a German Desk within Mashreq in Dubai United Arab Emirates, Dubai, 08 May 2017: Mashreq Bank, the leading financial institution in the UAE, proudly announces its partnership with Commerzbank to enable multinational & corporate clients to utilise ......read more

Falconcity of Wonders commended by Dubai Police for road safety advocacy…

UAE, May 8, 2017– Falconcity of Wonders LLC, the developer of the Falconcity of Wonders (FCW) multipurpose mega project arising in Dubai, was recently honored by the Dubai Police for its outstanding support of local and national efforts to enhance road safety awareness and best practices. Major General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, handed over the Diamond ......read more

Zurich and Standard Chartered Sign 10-Year Exclusive UAE Distribution Agreement…

Landmark deal will help to deliver quality life insurance solutions to customers in the UAE Dubai, United Arab Emirates, 8th May, 2017:  Zurich International Life Limited (Middle East) (Zurich) and Standard Chartered announced today the signing of an exclusive distribution agreement. As part of it, Standard Chartered will offer Zurich’s comprehensive life insurance solutions to its ......read more

DAFZA participates as Lead Freezone Partner at Automechanika Dubai 2017 …

UAE, May 7, 2017- The Dubai Airport Freezone Authority (DAFZA) is the lead freezone partner to Automechanika Dubai 2017 which kicked off today (Sunday May 7, 2017) to be held until May 9, 2017, the leading international trade fair for the automotive service industry gathers more than 2000 exhibitors from all over the globe. The partnership between DAFZA and Automechanika underscores the role of ......read more

Globe Express Services recognised at Maersk Line Platinum Awards for 6th successive year…

May 07, 2017: Globe Express Services has once again been honoured at the Maersk Line Platinum Awards, the annual awards that honours Maersk’s outstanding logistics solution providers and top customers. This is the sixth consecutive win for the global supply chain solutions company. John C. George, Branch Manager – Jebel Ali, Globe Express Services, received the award at the gala ......read more

Darlie Global opens manufacturing facility for personal care products in Dubai…

May 06, 2017 - Darlie Global FZC, owner and manufacturer of natural wellness products, has opened a manufacturing plant in the UAE as part of its initiative to pioneer a range of products catering to a growing number of consumers looking for healthier and more natural alternatives in personal care. The facility will locally produce global personal and oral care brands – Dr. Neem and Mr. ......read more

SABIC Partners with DuPont to Enhance EHS Performance…

May 04, 2017– SABIC is collaborating with DuPont Sustainable Solutions (DSS) to accelerate progress towards becoming a world leader in environment, health and safety (EHS) performance.   “SABIC’s EHS achievements in recent years have been impressive,” said Ahmed Al-Shaikh, Executive Vice President, Corporate Manufacturing, SABIC. “And yet, there is a strong ......read more

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