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
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
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
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
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
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
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
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
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
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
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
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
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
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
Opulence OUD Coffret
This gift features eau de parfum 100ml and eau de parfum 25ml. A fragrance to captivate the senses.
Rosie Nuit Parfum 75ml
Rosie for Autograph Nuit Parfum, exclusive fragrance from British model and actress Rosie ......read more
• 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
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
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
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
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
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
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
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
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
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 leading provider of sanitary fittings, announced that it has acquired from Mesma Holdings Ltd. the remaining 50 percent stake in the joint venture entity Grome Marketing (Cyprus) Limited (“Grome”). With this acquisition, GROHE takes full ownership and control of Grome.
Grome was formed in 1983 by Juergen Lorenz as an exclusive agency for GROHE products covering the Middle East, the East Mediterranean and North and West ......read more
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 result in increase in inflows to Qatar economy both from the region and from globe and thereby promote sustainability.”
On the sidelines of the forum, Dr. R. Seetharaman CEO of Doha Bank gave insight on Qatar economy and Doha Bank ETF progress. He said “Qatar economy expected to grow by 3.4 percent in 2017. Qatar continues to follow its non- hydrocarbon diversification model and prudent fiscal management amidst low oil prices. In ......read more
The UAE-based Indian business tycoon Rizwan Sajan exclusively booked a whole ship from the Costa fleet, to celebrate the wedding of his son Adel Sajan
There are over 1,000 guests, among them numerous Bollywood stars, who were on board during a Mediterranean cruise which touched Italy, Spain and France.
Dubai, April 12, 2017 – Rizwan Sajan, Chairman and Founder of Danube ......read more
Up to 4% Annualized Returns Distributed to Sukuk Holders
Dubai-UAE: 12 April, 2017 – National Bonds Corporation PJSC (National Bonds), the unique sharia-compliant investments company in the UAE licensed by the UAE Central Bank and owned by the Investment Corporation of Dubai, Dubai Government’s principal investment arm, today announced that its consistent message of ......read more
Sheikh Nahayan Mabarak Al Nahayan to present ‘Lifetime Achievement Awards’ to internal auditors
Decision-makers, internal auditing professionals to attend two-day conference in Abu Dhabi
Largest smart conference and a premier internal audit event
DUBAI, April 12, 2017: Key decision-makers, thought-leaders and eminent global internal auditing professionals will converge at the ......read more
UAE, April 12, 2017- The Middle East and North Africa (MENA) private investment community is set to address the regional investments’ future direction at the first of a kind regional forum, Private Equity Forum & Awards 2017, which will be held on April 19, 2017 at the St. Regis, Al Habtoor City in Dubai. The event will bring together regional and international private equity (PE) and ......read more
UAE, April 12, 2017- In line with the efforts to facilitate litigation and ensure customers' happiness, Dubai Courts has confirmed the outsourcing of all remote registration of labor cases, (district court and plenary court), to the authorized service provider ‘Taaheed’ through its ‘Al Salfa’ service, the first program of its kind in the Middle East that provides ......read more
April 12, 2017- Global markets experienced a roller-coaster 2016 as the outcomes of the U.K.’s Brexit referendum and the U.S. presidential election rocked investors. Yet, the global private equity (PE) industry proved its resilience, turning in healthy results for the year. Exit activity was strong, but overall totals for 2016 declined as deals that had been on hold during the global ......read more
Dubai, April 11, 2017: Doha Bank hosted a knowledge sharing event titled “New world order and opportunities” at Jumeirah at Etihad Towers in Abu Dhabi recently. The speakers at the event were Mr. Craig Wing, Partner and Future Strategist at Future World and Mr. Kamal Sharma, Director & G10 FX Strategist, Bank of America Merrill Lynch Global Research.
Speaking at the event Dr. ......read more
Net profit up by 4% compared to same period in 2016
Financing assets up by 6% to AED 121.4 billion
Deposits up by 12% to AED 137.2 billion
Dubai, April 11, 2017
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first quarter results for the period ended March 31, 2017.
1st Quarter Results ......read more
New offices opened in Doha and Abu Dhabi
The new offices, alongside its existing Dubai presence, will be part of the Intesa Sanpaolo Corporate and Investment Banking Division (CIB) which has a growing footprint in 29 countries.
The increased presence and commitment to the Gulf region will help support the international growth plans of Italian businesses, as well as strengthen the ......read more
IBPC announces line-up of year-long events and plans to offer strategic advisory to investors and stakeholders to help strengthen bilateral relations between India and the UAE as new Board takes charge following unanimous election of the Office Bearers
IBPC will increase the number of events to promote India-UAE relations in the UAE
As UAE-India relations reach a strategic level, ......read more
Dubai, April 11, 2017: The ICAI – Dubai Annual Conference was held on 7th and 8th April 2017 at the Emirates Institute of Banking and Financial Studies, Academic City, Dubai. The Theme of the Conference was: "FUTURE OF FUTURE” H.H. Sheikh Nahyan Bin Mubarak Al Nahyan, Honourable Cabinet Member & Minister of Culture & Knowledge Development, Government of UAE inaugurated ......read more
Amazon wins Retailer of The Year Award
Zyda Rylands, CEO of Woolworths South Africa, wins the inaugural Woman of The Year award
Fashion Retail Academy, London, wins the Future Retail Challenge Award
Terry Lundgren, Martha ‘Marty’ Wikstrom, Micky & Renuka Jagtiani inducted into The World Retail Hall of Fame.
Dubai, UAE, April 11, 2017:
The 11th edition ......read more
11 April 2017 – Dubai: Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, announced its reach to over billions of bank accounts by joining hands with Western Union’s account payout service which connects cross border consumers and eases the account credit facility with its fast, secure, reliable and vast global ......read more
UAE, April 11, 2017- While family businesses in the GCC region continue to carve important niches and mark footprints in the global economy, they also face serious challenges in a highly competitive modern-day business environment. This is according to the findings of a recent report on ‘Family Matters: Managing the GCC’s Family Business Powerhouses’ released by Orient Planet ......read more
Phase one of the AED1 billion development approved in February 2017; allies with top global hotel consultant for hotel roll out plan to open in 2020
The Dubai-based Najibi Investments announced today that its Australian development arm, SANAD Capital, currently developing the AED1 billion ‘Active Lifestyle’ project, code named ACTVE, on Australia’s Sunshine Coast, is set to ......read more
In partnership with Cleartrip, Hotels.com and MasterCard, travellers can get unprecedented savings and rewards
Abu Dhabi, 10 April 2017: Leading regional bank, Abu Dhabi Commercial Bank (ADCB) has unveiled its trailblazing Traveller Credit Card with incomparable rewards and benefits that deliver generous savings for the UAE’s globetrotters, the adventurers and the day-trippers. The one ......read more
Set for imminent launch, first-of-its-kind initiative will mark a major milestone in the UAE’s journey towards a cashless future
April 10, 2017 - Dubai UAE:
The UAE Banks Federation (UBF) has announced that the establishment of Emirates Digital Wallet LLC, a company owned by 16 shareholding banks and fully sponsored by UBF, has reached its final development stage. The launch of ......read more
Wadi.com, KSA’s fastest growing e-commerce platform, announces its latest and first of its kind partnership with KSA’s leading bank
Kingdom of Saudi Arabia, April 9, 2017 – Wadi.com, KSA’s home-grown online shopping marketplace, today announced a new strategic partnership with one of KSA’s most trusted banks, Al Rajhi Bank. This unique collaboration between the ......read more
Dubai, UAE/Saudi Arabia, 9th April 2017 – Xylem Inc. (NYSE: XYL), a leading global water technology company, today announced the opening of a new office in Riyadh, Saudi Arabia. The new office is part of Xylem’s $35 million investment in the Middle East North Africa region, which includes additional resources to help provide localized products, services and capabilities in key markets ......read more
• Dunia Finance 2016 operating income increases 12% to AED 806.8 million
• Customer-centric strategy leads to a 21% increase in total dunia customers in 2016
• Board of Directors recommends a dividend of AED 56 million
Abu Dhabi [9 April 2017]: Dunia Group today released its audited full year ......read more
Synechron designs first-of-its-kind café branch complete with barista and digital onboarding
Riyadh, KSA, 09 April 2017 - Continuing to lead the innovation space in the financial industry and delivering truly digital banking solutions, Alawwal bank has unveiled its new digital branch in the form of a coffee shop that aims to set the global benchmark for branch banking. ......read more
DRIVING AND DEVELOPING THE BANK’S UAE NATIONAL LEADERSHIP
Sharjah, UAE, 8th April 2017 - United Arab Bank P.J.S.C ("UAB" or “the Bank”) celebrated recently the graduation of 10 of its promising Emirati employees from the prestigious ‘Reyadah’ Program for Accelerated Learning.
‘Reyadah’ is UAB’s flagship Training and Development ......read more
As of the latter part of 2016, Moody’s credit rating within the UAE countries saw the banking sector as holding steady. Despite what is being labelled as an ‘economic slowdown,’ this global credit ranking agency still sees investments in the region as being ‘stable’ due to a noted liquidity of assets and overall stability within the region. Their report, ......read more
April 5th, 2017- DuPont (NYSE: DD) today announced that it has entered into a definitive agreement with FMC Corporation (NYSE: FMC) to divest a portion of DuPont’s Crop Protection business, including certain research and development capabilities, and to acquire substantially all of FMC’s Health & Nutrition business. The transaction includes consideration to DuPont of $1.6 billion ......read more
While the UAE insurance market was supported by the roll-out of the mandatory Dubai health scheme (premium growth of 19% in 2016), recent premium growth in other MENA insurance markets has been subdued
Clear signs of industry consolidation are evident with a number of KSA insurers making merger announcements
Four-pronged disruption affecting MENA insurance markets: increasing customer ......read more
Dubai, UAE – 4 April 2016: Moody’s, the independent credit rating agency, has rated Mashreq Capital at “very good” (MQ2) for its investment manager quality assessment. This is the third consecutive year that Mashreq Capital – Mashreq Bank’s investment arm with $1.5billion of assets under management - has received this score.
The investment ......read more
Experts: Banks must prioritize enhancement of cybersecurity programs
Dubai-UAE: April 4, 2017 – Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a workshop titled Cybersecurity in the UAE Banking Sector. Highlighting the growing cyber risks in the region, the conference drew more than 30 mid- to ......read more
April 04, 2017: Nearly 500 startups opening businesses and seeking funding are spurring a new round of entrepreneurial boom across the Arab World as more young executives take on the new roles of business owners or managers, according to a new report titled ‘The Future of Arab Startups: Challenges and Opportunities in a Connected World.’ The report published by Orient Planet Research, ......read more
The forum discussed ‘Relationship between international investment and competitiveness and how it is changing the current global economic landscape’
Dubai, UAE, 3 April 2017: The Annual Investment Meeting (AIM 2017) has brought together on day two a wide range of attendees including renowned personalities, key decision makers in industry, finance and politics from the MENA ......read more
Home Furnishings Specialty Retail brand marks Majid Al Futtaim’s first entry into the Home Fashion and Furniture market
Dubai, UAE – April 3, 2017: Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa and Asia, today announced the signing of an agreement with Crate and Barrel to operate their stores and showrooms in ......read more
Around 100 exhibitors are showcasing their unique ideas at AIM Startup 2017
Dubai, UAE, April 3, 2017: The inaugural edition of AIM Startup, organised in conjunction with AIM 2017, commenced today on Sunday, April 2nd in Dubai World Trade Centre. The new initiative witnessed a prolific gathering of visitors, investors and officials.
AIM Startup 2017 aims to extend support ......read more
In contrast to 2015, FDI inflows in 2016 have shrunk to $ 1.5 trillion:
The global forum brings together public and private sector leaders across the world to provide an array of dynamic business opportunities
Dubai, UAE, April 3, 2017: The seventh edition of the Annual Investment Meeting (AIM 2017) which aims to bring together public and private sector leaders across the world, ......read more
Award for ‘Most Innovative Bank in the Middle East’ shine a light on Doha Bank’s leading banking solutions
Dubai, April 02, 2017: Doha Bank, one of the largest commercial banks in Qatar, illustrated the competitiveness of its banking services by bagging a key trophy at the ‘EMEA Finance Middle East Banking Awards 2017’ in the category of the ‘Most Innovative ......read more
April 02, 2017: Menacorp has been ranked number one on Nasdaq Dubai’s Equity Futures market for the first quarter of the year. With more than 64.17 per cent share in terms of trading volume, the financial services firm maintains its leadership on this sophisticated and fast-growing market. This achievement confirms Menacorp’s previous rankings as the company topped the Nasdaq ......read more
Dubai, UAE, 1 April, 2017- Dabur International has been named ‘Global Retailer of the Year' during the 2017 Middle East Asia Leadership Summit and Awards held recently at The Address Dubai Marina. The event is dubbed as the grandest and the most prestigious award ceremony for recognizing and honouring major organizations as drivers and contributors of their industries and prominent ......read more
UAE, April 01, 2017- Expressing its solidarity towards 2017 as the ‘Year of Giving,’ Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has pledged to donate AED 325,000 to Dubai Autism Center towards funding a new Speech Lab equipment. The donation will facilitate the construction of the modern laboratory that is part of the Speech and ......read more
Abu Dhabi, UAE, 1st April 2017: Abu Dhabi Ports, the master developer, operator and manager of the Emirate’s commercial and community as well as Khalifa Industrial Zone, is participating through KIZAD in the seventh Annual Investment Meeting (AIM), held at Dubai World Trade Centre under the patronage of His Highness Sheikh Mohamed bin Rashid Al Maktoum, UAE Vice President, Prime ......read more
Free Zone, tourism and hospitality registered companies included
Abu Dhabi 1 April 2017: In a circular distributed to employers, the General Pension and Social Security Authority (“GPSSA”), called yesterday for employers’ compliance with the registration and contribution requirements for their UAE employees. GPSSA stressed that registering UAE employees with the ......read more
Dubai, UAE – April 1, 2017: Al Ahli Bank of Kuwait K.S.C.P. (ABK) announced today the successful debut issue from its recently established US$1.5 billion Euro Medium-Term Note (EMTN) programme. The Bank is issuing a first Tranche benchmark of $500 Million under the programme, which is being jointly lead managed and arranged by Citibank, HSBC and National Bank of Abu ......read more
SATO Already Improving Sanitation Conditions for Over Five Million Worldwide
Dubai, UAE, March 30, 2017: LIXIL Corporation (“LIXIL”), a global leader in housing and building materials, products and services, announced its SATO toilets have been selected as a finalist for Fast Company’s World Changing Ideas Awards in two categories: Health and the general World Changing ......read more
Mashreq fulfils its promise of donating proceeds from its credit card feature!
Dubai, UAE – 30 March 2016: Mashreq Al Islami - the Islamic banking division at Mashreq bank, as part of its ongoing campaign to make a difference to the lives of the underprivileged, has tied up with Emirates Red Crescent to deliver its promise of the ‘contribute for good’ feature on ......read more
Next-generation technology allows customers to benefit from faster, more advanced services
Dubai, UAE, March 30, 2017: Accenture (NYSE: ACN), the global professional services company, has successfully completed the core system replacement of the retail banking operations at the National Commercial Bank (NCB). The highly complex project which took approximately two years to complete, was ......read more
The company has partnered with BIOS ME to build customised cloud solutions and achieve increased adaptability in a dynamic market environment
Dubai - March 29, 2017: Jaleel Holdings, UAE-based leading investment company, announced its strategic partnership with niche Cloud Services provider, Business Integrated Operating Systems (BIOS) ME to manage the business-critical IT systems of the ......read more
First-of-its-kind remittance service from UAE to Sri Lanka
Sri Lankan customers can directly send foreign remittances to their beneficiary’s mobile
Dubai, 29 March 2017: UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, has partnered with eZ Cash, Sri Lanka’s largest and pioneering mobile payment network managed by Dialog Axiata ......read more
Leading UAE business support services provider confirms over 310 new contracts worth AED850 million; new business successes supported by 95% retention rate of existing contracts
Dubai, UAE, March 29, 2017: The Transguard Group, the multifaceted business support services company, has announced more than 310 new contract wins’ worth over AED850 million annually. The new ......read more
Dubai, UAE, March 29, 2017: Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable SOUQ.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide.
“Amazon’s entry into the region reflects the visionary foresight ......read more
The forum will serve as a strategic platform for convergence of investment opportunities between varied countries
Dubai, UAE, 28 March 2017: According to the 2016 Global Investment Report published by UNCTAD, the United Arab Emirates is the 9th largest Foreign Direct Investment (FDI) recipient in Asia. Its main investors are the UK, Japan and Hong Kong. The UAE government plays a ......read more
Leading FM company signs business partnership with Abu Dhabi businesswoman HE Badria Almulla; UAE FM sector poised for 9% annual growth over the next five years - security services expected to register fastest rate of growth
Dubai, UAE, March 28, 2017: Leading UAE-based total facilities management company, Farnek has now entered the Abu Dhabi security market and can now provide full ......read more
Abu Dhabi, UAE, 28 March, 2017: Responding to the rising demand from both foreign direct and existing investors wanting to establish and grow their manufacturing and industrial business in UAE free zones, Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports in the UAE as well as Khalifa Industrial Zone Abu Dhabi, revealed their expansion plans for ......read more
Dubai, UAE, March 28, 2017: The UAE Banks Federation (UBF), a professional body representing 49 member banks operating in the UAE, held its Ordinary Annual General Assembly Meeting at Commercial Bank of Dubai Head Offices. The meeting, chaired by H.E. AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, was attended by UBF Board members and representatives of member banks.
During the ......read more