Dubai PR Network, Online Press Release from Dubai and Middle East
Featured in Banking and Investments
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.  Mr. 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

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

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 end-to-end operations from distribution, logistics, warranty and service. Among the products that will be distributed are a collection of steam generators and two new products:   • the Laurastar #CONNECTED LAURASTAR SMART range an exclusive 3-in-1 system equipped with suction and blower, a steam generator and a professional iron;    • the #PROTECT LAURASTAR LIFT range, a steam station that irons, steams and ......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 ICS BANKS Microfinance solution. Along with its Headquarters, Nisir MFI has 5 branches in Addis Ababa, Ethiopia. Based on Nisir’s current and future expected growth, a microfinance solution is needed in order to automate the operations of the institution. Nisir MFI decided to procure a comprehensive and agile core banking system last year, the end of November 2018, where it published an RFP, and have shortlisted five global leading ......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 Woman of the Year (CFWY) award at a ceremony held in Manama. Fatema was selected from a group of six finalists who competed at the national level in the Kingdom. Following her win, Fatema will now compete against finalists from 21 other countries, including: Australia, Germany, Japan, the Kingdom of Saudi Arabia, Norway, Russia, Singapore, the United Arab Emirates, the United Kingdom, and the United States at the global level.   Held ......read more

Other Top Stories from Banking and Investments
 
Zoho partners with Mashreq…

The partnership brings banking and accounting together in a single platform for businesses in the UAE   Dubai - December 10, 2019:   Zoho, a global privately held company that offers the most comprehensive suite of business software applications announced its partnership with Mashreq, one of the leading financial institutions in the UAE to bring connected banking solution in ......read more

The UAE Central to take steps to regulate cryptocurrencies and fintech…

The growth of fintech and blockchain technology in UAE, particularly in Dubai, has in the past been viewed by some as a threat to the established banking industry. Traditional banking models are being overtaken by new technologies that can facilitate transactions faster and more cheaply, without the administrative fees banks charge. The UAE’s Central bank is now working in ......read more

DHL Express expands UAE operations with new USD 5.5 million logistics facility at Dubai World ...…

New center will support the rapidly growing e-commerce sector in the UAE and help local businesses go global     Dubai, 9 December 2019:  DHL Express, the world’s leading international express service provider, officially opened its Dubai World Central Facility today. The new import and export gateway and service center will see DHL invest USD 5.5 million over five ......read more

Get Ready for Fun Filled Festivities with Champion Cleaners…

**Champion Cleaners are here to freshen up your home and wardrobe in time for the seasonal celebrations**     It’s that time of the year where you begin to bring out your much-loved winter wardrobe in time for all of your fun filled festivities. Normally, after long periods of time, the items in your wardrobe can start to smell musty - this can be the result of dust mites ......read more

Juniper Networks Expands Enterprise Portfolio with Cloud-Managed SD-LAN and New CPE Devices…

New enhancements bring cloud agility and scale to more parts of the enterprise network, while lowering the cost of deploying and operating SD-Branch environments     Dubai, United Arab Emirates, December 08, 2019:  - Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced several enhancements to the company’s enterprise portfolio that ......read more

Jebel Ali Port is Gateway to 65% of Polimer Exports From the Gcc…

DP World, UAE Region Showcases Strength in Petrochemical Sector at GPCA 2019   Dubai, United Arab Emirates, 08 December 2019:   Global trade enabler DP World’s flagship Jebel Ali Port handles 65 per cent of the polymer exports from the GCC region and has showcased this industry-leading strength at the 14th Annual GPCA Forum in Dubai, organized by the Gulf Petrochemicals ......read more

GROHE received the “Red Dot: Brand of the Year”…

• GROHE convinces the jury with “a consistent brand profile, known globally as a name for first class industry-leading performance” • The Konzerthaus Berlin was the perfect setting for the awards ceremony of the prestigious Red Dot Gala evening  • GROHE’s booth from this year’s ISH also won a renowned Red Dot award     United ......read more

Arabic version of Zoho Creator launched to help businesses create custom applications…

The new version of Zoho Creator is also available on-premise    Dubai - Nov 30, 2019:   Zoho, the global provider of cloud-based business software with the most extensive portfolio in the industry, launched the Arabic version of its low-code development platform, Zoho Creator, aimed to help businesses create custom applications.  With Creator, business owners ......read more

China Homelife the Largest China Sourcing Platform Set to Showcase a Wide Variety of Products…

Dubai, United Arab Emirates, November 30, 2019:   Scheduled to take place in Dubai, the China Homelife Exhibition returns to the city on December 17-19 at the Dubai Exhibition and Convention Centre. With over 2500 exhibitors and 100,000 products, they represent genuine and verified manufacturers. As the largest China sourcing event in the MENA and South East Asia, it covers a range of ......read more

Zambian President affirms commitment to bolster UAE ties…

• During a visit to Dubai Chamber, HE Edgar Chagwa Lungu calls on UAE companies to explore attractive investment and trade opportunities emerging across Zambia  • HE Majid Saif Al Ghurair: There is plenty of scope to expand Dubai’s non-oil trade with Zambia which has increased steadily in recent years to reach $206 million in 2018 • Agriculture, food processing, ......read more

Formula 1 meets Virgin Hyperloop One: California-based Developer to Showcase Passenger Pod at This ...…

As speed- and thrill seekers flock to Abu Dhabi for the Grand Prix this weekend, visitors will be presented with a rare opportunity to enter the Virgin Hyperloop One passenger pod that promises to move people and cargo at speeds exceeding 1,000km/h. ABU DHABI, UNITED ARAB EMIRATES - NOVEMBER 28, 2019 – Virgin Hyperloop One (VHO), the world’s leading hyperloop company, today ......read more

Cisco Advances Solutions to Simplify Cybersecurity Processes in Saudi Arabia…

Riyadh, KSA, 28 November 2019:     Focused on placing cybersecurity at the heart of digitization, Cisco Security has unveiled platform enhancements and services to help CISOs simplify their environments, increasing the speed of threat detection and remediation, while protecting users and their data.  The Kingdom’s National Cybersecurity Authority is striving ......read more

GROHE Goes ZERO – Carbon-Neutral Production by 2020…

• GROHE has been able to increase its energy efficiency by 24% and reduce greenhouse gas emissions by 40%, far exceeding its sustainability targets  • In July 2019, the global brand converted all of its production plants to run on green electricity  • In the future, GROHE will offset unavoidable CO2 emissions with compensation ......read more

J.D. Power announces 2019 UAE Sales Satisfaction Index…

• 57% of customers rely on digital platforms during the new vehicle purchase journey • 92% of Customers still engage with dealers via physical visits • Sales experience is less smooth for female vehicle buyers • Toyota ranks highest in overall sales satisfaction among mass market brands • Mercedes-Benz ranks highest in overall sales satisfaction among luxury ......read more

Revive Your Haute Couture Collections with Champion Cleaners VIP Couture Cleaning Service…

**The Five Star Dry Cleaning Company has launched their new VIP couture service for customers in the region**   Dubai, UAE - November 27, 2019:  Owning a wardrobe of haute couture pieces can quite often be expensive to maintain. Each item is crafted by hand with extra attention to detail and the best quality materials are used in the skillful making of your rare and exquisite ......read more

Chatbots are revolutionising the Middle East retail industry…

VIAFONE Technologies created Chatbots for Mall of the Emirates, Dubai and 360 Mall in Kuwait  85% of all customer interactions by 2025 will be handled without a human agent Chatbots to provide annual savings for retailers of $439 million globally by 2023   November 26, 2019; Dubai, UAE:   Artificial Intelligence (AI) is growing by leaps and bounds and ......read more

SmartCrowd, MENA's Only Regulated Real Estate Investments Platform Graduates from DFSA's ITL and ...…

Dubai, UAE - November 26, 2019:   SmartCrowd Limited, a Dubai-based company and MENA’s first financially regulated real estate investments platform (REIP) has announced today that the company has fulfilled all regulatory requirements and graduated to a full license from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services based in the ......read more

Sunny Leone unveils the cover page of Filmfare magazine's December issue…

Dubai, UAE - November 26, 2019:  Filmfare ME sets the benchmark for film content in the Middle East and the December issue of the magazine features the bold and beautiful Sunny Leone for the first time on the cover page of Filmfare Middle East magazine. The cover was unveiled by Sunny herself, along with the franchise owner of the magazine Mr Rizwan Sajan at Bollysports Casino Cafe Dubai, ......read more

VFS Global launches Philippines ePassport Renewal Centre in Dubai…

• Contract signed for ePassport Renewal Centres in two locations (Dubai and Abu Dhabi) in the UAE; to be rolled out in phases • This marks the first time The Republic of Philippines Department of Foreign Affairs has outsourced its passport renewal process for its Nationals living abroad • VFS Global operates 87 Passport and Consular Services centres on behalf of 5 Governments ......read more

Organisers announce launch of second Sports Imprint Award…

A joint initiative of DSC and Watani Al Emarat Foundation, the Award honours individuals and institutions for their humanitarian work in the sports sector   Dubai, UAE - November 25, 2019:   The organising committee of the Sports Imprint Award, a joint initiative of Dubai Sports Council and Watani Al Emarat Foundation, have announced the launch of the second edition of the ......read more

GCC insurance industry to witness growth revival, forecasts Alpen Capital…

Dubai, UAE - November 25, 2019:     Alpen Capital (ME) Limited, Dubai-headquartered investment banking advisory firm, announced the publication of its latest report on the GCC Insurance Industry for the year 2019. The report provides a comprehensive overview of the GCC insurance sector and outlines the recent trends, growth drivers and challenges in the sector. It also ......read more

DAFZA discusses future collaboration with Bank of China Delegation…

Dubai, UAE - November 24, 2019:   Dubai Freezone Authority (DAFZA), represented by Director General, His Excellency (H.E.) Dr. Mohammed Al Zarooni, and a number of officials this week welcomed a delegation from the Bank of China, led by Executive Director of the Board Mr. Lin Jingzhen and senior delegates. The meeting took place at DAFZA Square Business Center to discuss future ......read more

WCU: Commodities caught between weak data and trade hopes…

Dubai, UAE - November 24, 2019:  The Bloomberg Commodity Index traded lower for a third week with macro-economic data continuing to signal further weakness ahead. Losses in energy, led by natural gas and not least industrial metals, courtesy of a nickel drubbing, were only partly off-set by gains in precious and platinum group metals. The agriculture sector was mixed with soybeans and cotton ......read more

Mimecast Threat Intelligence Report Analyzes 99 Billion Rejected Emails…

Transportation, Legal and Banking Sectors Hit the Hardest by Cyberattacks, According to New Mimecast Report     Dubai, UAE – November 20, 2019:   Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced the availability of its quarterly Threat Intelligence Report: Risk and Resilience Insights. The report provides technical ......read more

Wethaq launches first ‘fintech' Sukuk on its market infrastructure using SWIFT gpi Link…

Dubai, 19 November 2019:   Today, Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial Services Authority.   Al Ghurair Investments LLC (AGI) acted as the issuer, advised by Mashreqbank PSC acting as lead arranger, R3 as protocol provider, ......read more

Ahmad Bin Shafar receives global recognition for his efforts in district cooling…

Dubai, UAE, 18th November 2019:   Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, attended a Gala Dinner organized by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) at Westin Dubai Mina Seyahi Beach Resort & Marina, Dubai. A delegation from ......read more

Saudi Aramco's Debut IPO Could Support The Sovereign's Net Asset Position…

November 17, 2019:    S&P Global Ratings said today that Saudi Aramco's forthcoming IPO on the Saudi Stock Exchange (the Tadawul) could enable the sovereign to further strengthen its net asset position. And, if subsequently effectively deployed, the funds raised could be used to support longer-term economic growth in Saudi Arabia (unsolicited; A-/Stable/A-2). Saudi Arabia ......read more

More than 700 insurance certificates issued for AFZ workers in cooperation with Dubai Insurance…

AFZ is the first free zone in the country to introduce the new system Ajman, United Arab Emirates (November 16, 2019):   Ajman Free Zone has confirmed the effectiveness of the new insurance umbrella launched several months ago in cooperation with Dubai Insurance to protect workers' rights and reduce the burden on investors of the free zone, as well as contribute to the ......read more

Empower develops AI based technology for TES operation saving…

Annual Saving of 6,880 megawatt-hours electricity    Dubai, UAE, 14 November 2019:   Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced developing of a new system that uses Artificial Intelligence (AI) to operate Thermal Energy Storage (TES) tanks at its district cooling plants. As per the ......read more

SmartCrowd, MENA's Only Regulated Real Estate Investments Platform Graduates from DFSA's ITL and ...…

Dubai, UAE, November 12, 2019:  SmartCrowd Limited, a Dubai-based company and MENA’s first financially regulated real estate investments platform (REIP) has announced today that the company has fulfilled all regulatory requirements and graduated to a full license from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services based in the Dubai ......read more

Beyond Compare: Craft and Culture Combine in Luxurious New Pen Collection…

 Bentley Motors and Graf von Faber-Castell launch an exclusive new collection of writing instruments  New Ebony series combines natural luxury materials with finest quality craftsmanship  Incomparable design appeals to automotive lovers and connoisseurs of fine writing culture   Three distinctive writing instruments unite opulence and ......read more

Western Motors signs MOU with Emirates Driving Company…

Agreement seeks to promote off-road safety & sand dune adventures in the UAE Exclusive training course to be offered to new Western Motors Jeep Wrangler Abu Dhabi, 10 November 2019: Western Motors, Jeep authorized distributor in the Emirate of Abu Dhabi and member of ALFAHIM Group, has signed a Memorandum of Understanding (MOU) with Emirates Driving Company (EDC) to jointly promote ......read more

P&O Marinas and Fabulous Yachts Announce the 3rd Edition of the International Superyacht Summit…

Top Superyacht Marinas Developers, Superyacht Builders, Experts and Enthusiasts Will Gather in Dubai to Discuss the Impact of Superyacht Marina Developments in Lifestyle and Tourism, And The Emerging Trends in The GCC and Worldwide   Dubai, United Arab Emirates, 10 November 2019:  The third edition of The International Superyacht Summit has been confirmed to take place on March 11 ......read more

Metito's policy on water reuse identified as ‘progressive and disruptive' by global awarding body…

Metito received the ‘Progressive Disruptive Policy in Water Reuse’ award at this year’s International Desalination Award World Congress 2019     Dubai, United Arab Emirates - November 10, 2019:    The International Desalination Association (IDA) World Congress 2019, which recently took place during the celebration of Green Week, has recognised a ......read more

Evonik confirms full-year earnings outlook despite ongoing weakness in global economy…

• 2019: Adjusted EBITDA to remain at least stable • Free cash flow outlook for full year confirmed and specified: around €700 million • Q3: Sales and operating earnings below year-ago period • Stricter cost discipline supports earnings       Dubai, United Arab Emirates - November 10, 2019:   Essen, Germany. Evonik is sticking ......read more

Brazil-Arab ties soars to greater heights with Year-on-Year trade balance growth of 50.57 percent…

Brazil’s exports to Arab states from January to October reached USD 10.34 billion UAE investments in Brazil currently stand at approximately USD 5 billion November 9, 2019- Trade relations between Brazil and Arab countries continue to soar to greater heights as seen in the recording of a Year-on-Year (YoY) growth of 50.57 per cent in trade balance from USD 3.1 billion from January ......read more

DuPont Announces 2030 Sustainability Goals…

Nine Goals Focus on Innovation, Operations and People to Deliver Business Growth with Societal and Environmental Benefits November 7, 2019 – DuPont (NYSE: DD) recently announced its 2030 Sustainability Goals, underscoring the importance of sustainability in fulfilling its purpose of delivering essential innovations to help societies thrive. The nine long-term goals are based on a ......read more

Jafza – First Free Zone to Roll Out Workforce Protection Programme…

Thousands of Workers to Benefit as DP World, UAE Region’s Parks and Zones Sign Up with Dubai Insurance Company to Provide Wide-Ranging Cover   Dubai, United Arab Emirates, 06 November 2019: DP World, UAE Region’s flagship Jebel Ali Free Zone (Jafza), signed an agreement with Dubai Insurance Company (DIC) to roll out the Workforce Protection Programme that will cover the ......read more

Dubai FDI signs MoU with Standard Chartered Bank…

Partnership to enable support & collaboration across global initiatives and projects related to attracting more investments into Dubai November 5, 2019: Dubai FDI, the investment development agency of Dubai Economy, announced the signing of a memorandum of understanding (MoU) with Standard Chartered Bank, to facilitate consultation, cooperation and exchange of information in areas of ......read more

Ajman Free Zone Sponsors Fifth Edition of the UAE-India Economic Forum…

The Forum, in Dubai, provided an opportunity to further the bi-lateral trade relationship existing between the UAE and India   Sheikha Al Nuaimi of Ajman Free Zone offered comment on the importance of business start-ups for the UAE economy     Ajman, United Arab Emirates (November 5, 2019):   Ajman Free Zone was a main sponsor of the Fifth Edition of ......read more

The ITC and SOFRECOM partnership to deploy fiber network in the Kingdom of Saudi Arabia: Main ...…

November 5th, 2019:   Almost two years after the announcement of their partnership to pilot the implementation and management of Outside Plant (OSP) across Saudi Arabia's regions by 2020, the Integrated Telecom Company (ITC), leader in information and communication technologies in Saudi Arabia and Sofrecom, a subsidiary of the Orange Group, specialized in Consulting and ......read more

Saxo Banks Marks a Decade in the Middle East…

Regional Assets Under Management Rise 25% on an annualized basis and client numbers grow five-fold over decade    Dubai, United Arab Emirates - November 04, 2019:    Saxo Bank, the leading fintech and regtech specialist focused on multi-asset trading and investment, is celebrating 10 years of operations in the Middle East, reporting a 25% annualized growth rate for ......read more

Dubai Dialogue 2019 examines business benefits of embracing sustainable innovation…

• Dubai Chamber’s largest sustainability conference brought together public and private sector stakeholders to discuss how businesses can harness sustainable innovation to tackle global challenges • Buamim: Technological advancements and growing consumer demand for sustainable products are leading more companies to make sustainable innovation a top ......read more

TBI Receives ‘safest Bank in Iraq 2019' by Global Finance…

Abu Dhabi, November 3, 2019:   Trade Bank of Iraq (TBI) has been named "Safest Bank in Iraq" by Global Finance magazine in an exclusive survey as part of the publication's annual ranking of the World's Safest Banks. The award, in its 28th edition, evaluates the long-term foreign currency ratings from global ratings agencies Moody’s, Standard & Poor’s ......read more

Tabreed Reports Net Profit of AED 329.1 Million in the Third Quarter of 2019…

Moody’s reaffirms Tabreed’s Credit Rating     03 November, 2019:  Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading international district cooling developer based in UAE, released today its consolidated financial results for the first nine months of 2019, reporting an increase of 3.1% in the net profit to AED ......read more

Tilal Properties spurs investment growth in Sharjah with promising opportunities…

Dubai, United Arab Emirates - November 02, 2019:    The Emirate of Sharjah represents an investment-conducive, business-friendly destination for many investors from all over the world for its robust infrastructure, streamlined procedures in addition to consistent, reliable and performant services. The business landscape in Sharjah is characterised by security, diversity and ......read more

Virgin Hyperloop One and Saudi Arabia's KAUST Partner to Spur Country's Technology and Transport ...…

World’s leading hyperloop company and Saudi’s renowned King Abdullah University of Science and Technology (KAUST) sign agreement during Future Investment Initiative    NOVEMBER 02, 2019:  Virgin Hyperloop One (VHO), the world’s leading hyperloop company, today announced the signing of a Memorandum of Understanding with the Kingdom’s renowned King ......read more

Peru trade relations to scale new heights with Expo Peru in Dubai…

Waiting for starring participation at Expo 2020 Dubai, the first Peru Expo in Dubai will feature a delegation led by Mr. Edgar Vásquez, the Minister of Foreign Trade and Tourism; Mr. Luis Torres, the Executive President of PROMPERÚ.    Dubai – October 31, 2019:   Peru, the highest ranking Latin American nation, presents a constellation of ......read more

GCC's USD 80 Billion Investment in Water Sustainability Takes Centre Stage at Water Expo in Abu ...…

UAE Water Security Strategy 2036 and Saudi Arabia’s Qatrah Initiative Illustrate Shift from Desalination to Water Demand and Reuse;  Water Expo & Forum at World Future Energy Summit to Showcase Water Tech, and Bring Together Regional and Global Customers and Investors;  Abu Dhabi Sewerage Services Company, as the Water Expo Strategic Partner, will Showcase UAE ......read more

ADDED Undersecretary H.E. Al Balooshi leads opening of IREIS 2019 in Abu Dhabi…

Leading show attracts investors, industry experts, professionals, stakeholders, and visitors from all over the globe Abu Dhabi, October 30, 2019: H.E. Rashed Abdul Karim Al Balooshi, Undersecretary of the Abu Dhabi Department of Economic Development (ADDED), today (Wednesday, October 30, 2019) led the inauguration of the much anticipated 11th International Real Estate & Investment Show ......read more

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