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Featured in Banking and Investments
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 and Chemicals Association on 3-5 December 2019.   A highlight of DP World, UAE Region’s participation at the 3-day event was the port’s enormous capacity to handle petrochemical and chemical products, as well as the world class integrated logistics hub created by Jebel Ali Port and Jebel Ali Free Zone (Jafza).   Over 10,000 petrochemical manufacturers and traders benefit from the high value added services ......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 Arab Emirates, Dubai, 4th December 2019:  In front of around 1,400 invited guests GROHE, a leading global brand for full bathroom solutions and kitchen fittings, was honoured as “Red Dot: Brand of the Year” on November 1st at the Konzerthaus Berlin. This exceptional accolade is awarded to the best brand in an industry. With its outstanding design quality and extraordinarily consistent conveying of its own values across different ......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 who do not have any coding experience can easily create custom apps using its simple drag-and-drop interface. In the Arabic version, the orientation of the UI is reversed, allowing businesses to build fully Arabic apps with easier to use UI and right-to-left data entry capabilities.  For businesses who do not wish to keep their data in the cloud, or would like to opt for third-party public clouds, the company has also launched an ......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 industries including, textile and garments, building materials and hardware, lighting, furniture and home electronics. This year there will be several launches especially in the home and consumer electronics as well as household products.  China Homelife is the leading overseas exhibition that focuses on potential markets along the ‘One Belt One Road’ Chinese initiative. According to the UAE Ministry of Economy, China is a ......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, tourism, renewable energy, logistics and commodities identified as priority sectors where UAE companies and Zambian counterparts can boost cooperation     Dubai, UAE - November 28, 2019:   Recent statistics show vast untapped potential to boost Zambian exports to the UAE and further explore bilateral business opportunities, HE Edgar Chagwa Lungu, President of the Republic of Zambia, said yesterday during a visit to ......read more

Formula 1 meets Virgin Hyperloop One: California-based Developer to Showcase Passenger Pod at This Year's Abu Dhabi Grand Prix

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 announced its participation at this year’s Abu Dhabi Grand Prix, the most anticipated racing event in the Middle East. The annual event is taking place from November 29th - December 1st, at Yas Marina Circuit in Abu Dhabi.  An Abu Dhabi debut, VHO is presenting visitors, racing fans, and thrill seekers at the Formula 1 circuit with the opportunity to encounter a true 21st century travel experience. The racing event, which will ......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 to create a safe and resilient digital ecosystem, enabling citizens to fulfil their aspirations and empowering businesses to thrive. As more organizations actively embrace digital transformation, the role of the CISO and the necessity for a comprehensive, unified cybersecurity infrastructure becomes instrumental to their success.    Keen to help local businesses address these challenges, Cisco’s approach features an open ......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 projects      United Arab Emirates, Dubai, 28 November 2019:   Sustainability has been an essential element of GROHE's corporate strategy for almost 20 years now. As early as 2000, the global brand for complete bathroom solutions and kitchen fittings committed itself in its "principles and guidelines for sustainability" to continuously improving all products, processes and services in terms of protecting the environment and ......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 brands   Dubai, UAE: 27 Nov. 2019 — An increasing proportion of customers are taking advantage of digital platforms during the new vehicle purchase journey (57% in 2019 vs. 42% in 2018), according to the J.D. Power 2019 UAE Sales Satisfaction Index (SSI) Study,SM released today. However, the study also finds that digitalisation cannot completely replace the personal aspect delivered through human ......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 items. That’s why they are often seen as more than just fashion, they are viewed as pieces of art. So, when it comes to maintaining and preserving these special pieces, we only want the very best for them, and we know who exactly can help – Champion Cleaners!   With Champion Cleaners new VIP Couture service, you now have the option to clean and restore your most loved pieced by their dedicated garment assessment managers and ......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 technologies such as Chatbots have become an integral part of this digital transformation. Data from Juniper Research suggests that Chatbots leveraged for customer service have a strong potential to reduce costs; with deployments realising annual savings for retailers of $439 million globally by 2023, up from just $7 million in 2019. Presenting at the recently concluded Retail Congress MENA 2019, Mr. Souffiane Houti, the Founder and COO of VIAFONE ......read more

SmartCrowd, MENA's Only Regulated Real Estate Investments Platform Graduates from DFSA's ITL and obtains full license

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 Dubai International Financial Centre (DIFC).   Prior to its full license, SmartCrowd was operating under an “Innovation Testing License” as part of the DFSA’s regulatory sandbox program. The new license will permit SmartCrowd to open its platform to international investors and offer international real estate investments.    Founded in 2017, by Siddiq Farid, SmartCrowd uses a crowdfunding model to democratise real ......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, which is the official venue of all Filmfare ME cover launches. He was joined by BCC owner Manush Shah and Amit Majithia. The magazine caters predominantly to the large Asian expatriate population in the UAE and the GCC, as well as a significant Arab population who love their cinema and celebrities. Since the launch of the magazine, the cover page of the magazine is always the talk of town, featuring some renowned Bollywood faces every month. ......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 in 27 countries worldwide     Dubai, UAE - November 25, 2019:  In a bid to ease the passport renewal process for Philippine nationals living in the UAE, The Republic of Philippines Department of Foreign Affairs and VFS Global have signed a contract to provide Passport Renewal services.   Mr Brigido Dulay, Undersecretary Consular & Civilian Security Concerns and Mr Chris Dix, Head of Business Development, ......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 Award, which honours individuals and organisations who spread positive values in society through their humanitarian projects in the sports sector. Following directives from His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Sports Council, the Sports Imprint Award was launched last year under the framework of Watani Al Emarat’s “Humanitarian Work Awards” and the Landmark ......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 profiles some of the prominent insurance companies in the region. “The GCC insurance industry which maintained a positive momentum over the years, witnessed a slowdown in GWP’s due to sluggish economic conditions during 2016 and 2018. However, going forward, we anticipate the GCC insurance sector to grow at a moderate pace owing to economic revival, growing population, strengthening regulatory reforms and continued implementation of ......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 collaboration and business prospects.  During the visit, the Chinese delegation learned about DAFZA’s experience over the last two decades in attracting and increasing foreign direct investment. This has played a vital role in developing sustainable economic growth in Dubai, driving business across more than 20 key sectors. The delegation also heard about DAFZA’s latest services that are offered to international companies, ......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 drifting lower while coffee continued higher on improved fundamentals.    Economic data from major economies continue to highlight that the low point in global growth most likely remains in front, not behind us. US Q4 GDP growth as measured by the New York Fed’s Nowcast model dropped to just 0.39%, a 1.57% collapse in less than two months. We see the risk of a policy mistake by the US Fed in the making and believe that the ......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 analysis from the Mimecast Threat Center from July -September 2019 on the nature of attack campaigns in addition to observations and analysis of evolving threats. Outlining the trends emerging from these identified attacks and assessing the current behavior of threat actors can help organizations better understand the impact these factors will have on the cybersecurity landscape in 2020.    The Mimecast Threat Intelligence Report ......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, Clifford Chance as legal counsel and the Dubai Islamic Economy Development Centre as mentor.  There is substantial demand for Sukuk issuances globally with a significant number of them offered out of the Dubai International Financial Centre (DIFC). This pilot issuance demonstrated how Sukuk issuances can become more accessible with the application of financial technology to the issuance process which is, at present, manual, non-standardised ......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 ASHRAE, led by Daryl K. Boyce, President of ASHRAE Society and included Dr. Ahmed Alaa, RAL Director of ASHRAE, Farooq Mahboob, Vice President of ASHRAE, Hassan Younes, member of ASHRAE and President of Falcon Chapter, and Tim Wentz, Presidential Member and Former President of ASHRAE Society as well as ASHRAE employees and partners were attended in the Gala dinner.  Prior to the Gala Dinner, Boyce presented an award to Bin Shafar, in ......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 currently fully owns Saudi Aramco, which is the world's largest company by a significant margin. It plans to sell about 1%-3% of the company through an IPO.   We understand that the bulk of the funds raised will go to the government or the Public Investment Fund, potentially adding to the sovereign's already strong fiscal net asset position of 72.7% of GDP. Productively deployed, we believe the assets could also help maintain ......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 government's efforts to protect the rights of this category. Ajman Free Zone pointed out that the number of beneficiaries of this initiative has reached more than 700 people since its launch last August, which confirms its success and acceptance largely by investors and workers, as it is an alternative to the bank guarantee for expatriate workers, where it covers workers' benefits such as end of service gratuity, annual leave allowance, ......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 results of a test run conducted at Empower’s Business Bay plant, it has been estimated that approximately 6,880 MWh of electricity will be saved annually in the operation of the district cooling plant. Empower currently depends on past data and individual experience to guide operators to select the best time for charging and discharging of the TES tanks. The new AI based technology will be providing more accurate decisions of TES ......read more

SmartCrowd, MENA's Only Regulated Real Estate Investments Platform Graduates from DFSA's ITL and obtains full license'

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 International Financial Centre (DIFC).   Prior to its full license, SmartCrowd was operating under an “Innovation Testing License” as part of the DFSA’s regulatory sandbox program. The new license will permit SmartCrowd to open its platform to international investors and offer international real estate investments.   Founded in 2017, by Siddiq Farid, SmartCrowd uses a crowdfunding model to democratise real estate for ......read more

Other Top Stories from Banking and Investments
 
Refinitiv: Assets Under Management of Arabian Fund Markets increased to US$ 32.4 billion in H1 2019…

Dubai, United Arab Emirates -  October 02, 2019:   The fund industry in the Arabian markets including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates enjoyed overall estimated net inflows of $2.5 bn in H1 2019 according to Refinitiv Lipper Data. These inflows occurred in a volatile but positive market environment driven by discussions about a possible ......read more

The region's first Middle East Instrumentation Control and Automation Conference held successfully…

The event was powered by industry stalwarts including Saudi Aramco, SABIC, Siemens, ADNOC, Kuwait Oil Company, Yokogawa and several others Dubai, United Arab Emirates -  October 02, 2019:   The selection of right instrumentation plays a vital role across varied industries. It aids in heightened efficiencies, allows for reduced environmental impacts and is a valuable face to ......read more

The Most Powerful and Advanced Smartphones — iPhone 11 Pro and iPhone 11 Pro Max — and All New Dual ...…

du is providing the new iPhone 11 line-up to both individual and enterprise customers via a customer-centric range of offers Dubai, UAE, 1st October  2019:  du, from Emirates Integrated Telecommunications Company (EITC), today announced it is offering the latest products from Apple, including iPhone 11 Pro and iPhone 11 Pro Max, a new pro line for  iPhone, as well as the new ......read more

Ajman Bank Supports UAE Federal Council Election Process…

To support the UAE Federal Council Elections and facilitate voting, Ajman Bank has announced paid time off for its employees. All eligible Ajman Bank staff will be able to leave work 2 hours early at the end of the day from 1st to 3rd October to cast their votes. Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, stated, “Very often, people opt not to vote despite the significance ......read more

Tabreed Concludes its Participation in UN Climate Action Summit 2019…

30 September 2019, Abu Dhabi, UAE:  The National Central Cooling Company PJSC “Tabreed,” the global leading UAE-based district cooling developer, participated in the United Nations Climate Action Summit 2019 and related side events, which took place in New York City, USA from 21 – 25 September 2019.  The summit brought together international stakeholders from the ......read more

11 per cent of Al Ansari Exchange workforce made up of UAE Nationals…

97 per cent of Al Ansari Exchange sales call center is managed and operated by Emiratis   UAE, September 30, 2019:   Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, affirmed its commitment towards the UAE’s Emiratisation drive to boost the national workforce in the private sector in line with the UAE Vision 2021 National ......read more

P&O Marinas Reinforces Dubai's Position as Leading Destination for Yachting Enthusiasts…

Participation In Monaco Yacht Show Underpins Rapidly Rising Profile Of The Yacht And Superyacht Sector In The UAE Dubai, United Arab Emirates -  September 30, 2019:   P&O Marinas, a DP World company, has showcased Dubai’s position as a growing and highly sought-after destination for the global yachting community at the Monaco Yacht Show, superyacht enthusiasts and the ......read more

UAE all set for 10th edition of Annual Investment Meeting…

Five Pillars, One Belt One Road event, Football World Cup & Fun Run are major highlights of the event to be held in Dubai on 24-26 March 2020 Dubai, September 29, 2019:  Annual Investment Meeting (AIM), world’s leading investment platform, an initiative of the UAE Ministry of Economy, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President ......read more

BIOS Middle East puts the spotlight on Multi-Cloud during GITEX 2019…

BIOS Middle East will be participating at the week-long technology trade show with Cisco, highlighting the benefits of Multi-Cloud environments.    Dubai, UAE – September 29, 2019:  Successfully advancing customers’ cloud journeys, UAE-headquartered BIOS Middle East together with global technology giant Cisco, will be showcasing how customers can efficiently and ......read more

HUECK Middle East showcases innovative products & solutions at ‘Windows, Doors & Facades Event 2019'…

HUECK is known for its collaborations with research & development institutes for system developments including green technology sector September 26, 2019:   HUECK Middle East Aluminium Systems, one of the leading and most trusted aluminium solutions system provider, is showcasing its latest, and some of the most innovative solutions for the façade industry at the ......read more

Anglo-Gulf Trade Bank Brings International FinTech Talent Home to Abu Dhabi…

Innovative internship program bolsters Abu Dhabi’s status as a world-class centre for finance and innovation Abu Dhabi, UAE, 26 September, 2019: Anglo-Gulf Trade Bank (AGTB), a global pioneer in digital transaction banking, recently brought a new wave of fresh, creative, and curious financial minds to the world-leading financial hub of Abu Dhabi as part of the company’s inaugural ......read more

Zurich launches global contest to spot promising startups from around the world, including from the ...…

Dubai, United Arab Emirates -  September 25, 2019:    Zurich Insurance Group (Zurich) has launched the second edition of its global ‘Zurich Innovation Championship’, offering startups from around the world the opportunity to work with the global insurer to grow their business.  In its second year, the global contest which prides itself as one of the leading ......read more

FANR Certifies second group of UAE National Nuclear Reactor Operators…

- A major milestone in the UAE Peaceful Nuclear Energy Program - 53 SROs and ROs now qualified to work at the Barakah plant; of which 22 are UAE Nationals  - Certification is part of Operational Readiness; a key requirement of the Operating License Application   Abu Dhabi, UAE - 24 September 2019:  The second group of 38 multinational Senior Reactor Operators ......read more

Al Ain Book Fair Launches its 11th Edition…

Event held under the Patronage of HH Sheikh Tahnoun bin Mohammed bin Khalifa Al Nahyan Prominent Emirati and resident authors, artists and intellectuals to take part in a varied cultural programme, organised by Department of Culture and Tourism - Abu Dhabi Al Ain Book Fair set to run from September 24 to October 3 Al Ain, UAE – September 23, 2019:  Under the Patronage of HH ......read more

H.E. Eng. Hessa Al Malek awarded Integration of Women in the Maritime Sector Award at Seatrade ...…

September 23, 2019:  In a glittering awards ceremony awarding the best of the regional maritime industry, H.E Eng. Hessa Al Malek, Marine Transport – Executive Director, Federal Transport Authority - Land & Maritime, was given the Integration of Women in the Maritime Sector Award while Capt. Rado Antolovic Phd, CEO & Managing Director, DP World - Maritime Services Division was ......read more

DHL Express announces annual price adjustments for 2020 in United Arab Emirates…

Average rate increase of 4.9%, effective January 1, 2020 Dubai, United Arab Emirates -  September 23, 2019:   DHL Express, the world’s leading international express services provider, announced a price increase today that will take effect on January 1, 2020. The average shipment price will be 4.9% compared to 2019. “It is our goal at DHL Express to support our ......read more

Dubai Soars to Number Eight Amongst Global Financial Powerhouses…

Maktoum bin Mohammed: Dubai’s steady ascent in rankings driven by DIFC’s remarkable success in building an ecosystem that fosters financial industry growth • Dubai recognised as a top ten financial centre in Global Financial Centres Index for its role in contributing to the development of the regional economy and identifying new pathways to boost the financial technology ......read more

Global thought leaders gather at AVSEC 2019…

Dubai, United Arab Emirates -  September 23, 2019:   More than 650 delegates, from over 50 countries, and 30 speakers headlined another thought-provoking and action-packed edition of the aviation security conference – AVSEC Global 2019. The symposium was officially opened earlier today by HH Sheikh Ahmed bin Saaed Al Maktoum, Chairman and Chief Executive Emirates Airline ......read more

RAK ICC strengthens Ras Al Khaimah's status as global business hub…

Appointment of three global leaders underscores RAK International Corporate Centre’s serious intentions to win the global flight to quality Dubai, United Arab Emirates -  September 23, 2019:   His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK International Corporate Centre (RAK ICC), has re-affirmed the RAK ICC’s commitment to achieve global recognition ......read more

KhalifaSat congratulated people of KSA with a capture of the skyscraper, Kingdom Centre, image ...…

September 22, 2019:   KhalifaSat, an earth observation satellite, congratulated people of KSA with a capture of the skyscraper, Kingdom Centre, image from space.  The image is 70 cm in resolution and taken from 6 degrees roll tilt angle.   KhalifaSat was fully developed at MBRSC facilities by Emirati engineers and was launched to space in October 2018. It has 5 patents ......read more

Tilal Properties showcases Tilal City at Cityscape Global…

Providing reduced rates, significant cash discounts, flexible payment plans & fees waivers for end-users, investors & brokers Invites home seekers and investors to avail exclusive offers during the 3-day exhibition in Dubai Sharjah, UAE - 21st September 2019: Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, has announced its ......read more

BCG's 2019 SEDA Global Standings, Report GCC as a Global Leader…

The GCC region performed well compared to the rest of the world, most notably in the area of income, BCG’s latest SEDA global report reveals.   Dubai, September 19, 2019 — The Gulf Cooperation Council (GCC) region has emerged as a global leader in several SEDA dimensions, according to a new report compiled by Boston Global Consulting Group (BCG), titled Measure Well-Being ......read more

Peru brings craftsmanship and exclusive designs to the region's design and hospitality sector…

Dubai, United Arab Emirates -  September 18, 2019:    Peru, one of the most beautiful Latin American nations, exhibits a diverse range of inimitable home décor products with great vision and aesthetic qualities at INDEX Dubai.  The Peruvian pavilion will showcase a balance between innovation and tradition with unique and high-quality decorative items designed to meet the ......read more

AdColony Intelligence Summit 2019 unveils the latest trends while shaping the future of the Digital ...…

Survey findings reveal that 9 out of 10 smart phone users play mobile games in the MENA region and among all the participants' regions, Egypt plays more often compared to others.   18th September, 2019:  This year, world's largest mobile advertising network - AdColony organized its must-attend event’s Digital Industry Get Together for ACIS’19 in Istanbul, with ......read more

Group Partnership wins back DEWA account in five-way pitch…

Dubai, UAE (September 17, 2019): Group Partnership, a WPP company, has won back the DEWA creative services account following a five-way pitch.   The Dubai-based agency has been appointed to create and implement a plethora of communications supporting DEWA’s business, with a key focus being their innovation and sustainability agendas as the organization gears up for Expo ......read more

Jumbo Electronics launches series of Green Initiatives…

UAE retailer expects to cut down on usage of paper by 1 million tons a year  Dubai, UAE; 17th September 2019:  Jumbo Electronics, the leading OmniChannel retailer in the region has launched a series of green initiatives to build a culture of environmental awareness and sustainability among shoppers and staff. Since July 2019, Jumbo Electronics has replaced paper invoices with ......read more

Saeed Al Tayer commends Ahmad Bin Shafar for his pivotal role in developing Empower and the ...…

Dubai, UAE, 17 September 2019:  HE Saeed Mohammed Al Tayer, Chairman of Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, honoured Ahmad Bin Shafar, CEO of Empower in recognition of his pivotal role in enhancing the cooling sector in the Middle East, promoting Empower internationally, and supporting global strives for ......read more

Refinitiv Announces the 2019 D&I Index Top 100 Most Diverse & Inclusive Organizations Globally…

D&I Index measures relative performance against multiple factors that define diverse and inclusive workplaces. Industries leading this year’s index include 13 pharmaceutical firms; 11 banking, investment services & insurance; 9 telecommunications services; 7 personal & household products & services. United States leads the Top 100 list with 25 firms followed by United ......read more

Abdulla Nalapad gets 10-year UAE 'Gold Card' visa…

Dubai, September 17, 2019:  Mr. Abdulla Ahmed Nalapad, Managing Director of Nalapad Investments, received the 10-year visa from the UAE authorities today. Mr. Nalapad joins an elite list of industrialists and investors who have been granted the UAE's long-term residency visa so far.  Headquartered in Dubai, Nalapad Investments has business interests across sectors. The Nalapad ......read more

The UAE – Poland Business Forum Reviews Cooperation Prospects and Bilateral Partnerships…

Sharjah, September 16, 2019: The Sharjah Chamber of Commerce & Industry (SCCI) organized today at its headquarters the UAE – Poland Business Forum with the aim of introducing the joint investment opportunities, exploring cooperation prospects and bilateral partnerships in various economic sectors, and paving the way for business communities from both sides to potential discuss ......read more

Finding the right balance between human touch and technology is the biggest challenge for companies ...…

Senior business leaders converge on Dubai for the second AI Week Middle East Delegates discuss AI adoption initiatives and challenges   Dubai, United Arab Emirates, 16 September 2019:  IQPC Middle East’s second Artificial Intelligence Week was hosted at the Oberoi Hotel Dubai and organized with the official support of the Department of Health – Abu ......read more

UAE-based investors to develop 5 Economic Zones in Bangladesh…

UAE-based investors present 25 investment projects at the Bangladesh Economic Forum   1. Bangladesh requires US$24 billion investment in infrastructure annually, to achieve its Vision 2021, according to Asian Infrastructure Investment Bank (AIIB).    2. Bangladesh needs US$320 billion investment only in infrastructure if it wants to become the world's 30th largest ......read more

Emirates Steel to participate in the first Saudi International Iron & Steel Conference…

• Emirates Steel is a Rhodium sponsor of the event, held in Riyadh between 16 – 18 September • Steel production capacities in the GCC grew to around17Mt by 2018 and expected to add another 2Mt by the end of 2020.   16 September 2019:  Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), is ......read more

Red Hat Announces Enterprise Linux 8 for SAP Solutions…

Dubai, UAE 15 September 2019:  Red Hat has announced the availability of Red Hat Enterprise Linux (RHEL) 8 for SAP Solutions to empower SAP HANA workloads for enterprises in the region. Red Hat Enterprise Linux (RHEL) 8 for SAP Solutions is an intelligent OS designed to provide a solid foundation that spans the hybrid cloud and one that fuels mission-critical workloads. Building on the ......read more

AVEVA Builds on Continued Success to Deliver End-to-End Digital Transformation Capability…

New software leader paves the way for industries to realize Digital Transformation with offerings enabling value capture across Engineering, Operations and Maintenance by empowering the Workforce Dubai, UAE, 15th September 2019 – 18 months on from completing its combination  with Schneider Electric’s industrial software business AVEVA is positioned as the first company in the ......read more

UAE investors set to inject US$10 billion into Bangladesh economy…

UAE-based investors will present 20 investment projects at the Bangladesh Economic Forum on Sunday   1. UAE investors have announced US$10 billion (Dh36.7 billion) worth of investment into Bangladesh 2. More than 20 projects are expected to be discussed at the 2nd Edition of Bangladesh Economic Forum in Dubai 3. Bangladesh is developing 100 economic zones and 28 hi-tech parks ......read more

Materials Handling Middle East racks up 12% visitor turnout for 10th edition…

Reports forecast double-digit uplift for region’s warehouse automation & e-tail segments   Dubai, United Arab Emirates -  September 14, 2019:   Materials Handling Middle East, the region’s dedicated warehousing, intralogistics and supply chain solutions show, racked up a 12% visitor uplift on the 10th edition of the biennial event which closed at the ......read more

Gold takes a breather…

September 12, 2019 - Dubai, UAE   Summary:  Gold’s high correlation to movements in US bond yields has triggered the first major challenge to the rally that began back in June. While the short-term risk of a correction to $1450/oz exist, we maintain a bullish outlook for gold. Below we outline the reasons behind this view.   Global financial markets remain in ......read more

Proofpoint's Annual Human Factor Report Details Top Cybercriminal Trends: More than 99 Percent of ...…

Threat actors continue to use socially-engineered attacks across email, cloud applications, and social media to exploit human instincts and lure people to click   Dubai, United Arab Emirates—September 11, 2019:   Proofpoint, Inc., (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced its annual Human Factor report findings, which highlight ......read more

Al-Futtaim Engineering & Technologies to present innovative Facilities Management solutions at FM ...…

Dubai, September 11, 2019: Al-Futtaim Engineering & Technologies has announced that its Facilities Management (FM) division will have a significant presence at FM Expo, the region’s largest trade show for the facilities management industry, to be held from September 17-19 at the Dubai World Trade Center. The Al-Futtaim company will be out in full force and visitors to the stand will ......read more

Abu Dhabi Global Market awards CAT 1 Bank status to the Worlds' first licensed Digital Trade Bank…

Regulated by the Financial Services Regulatory Authority of ADGM, Anglo-Gulf Trade Bank is poised to bring transformative, disruptive Banking-as-a-Service (BaaS) solutions to the world from its headquarters in Abu Dhabi, United Arab Emirates Abu Dhabi, UAE, 11 September 2019: Anglo-Gulf Trade Bank (AGTB), a global pioneer in digital transaction banking, has received a full digital banking ......read more

Union Coop constructs two commercial centers in Al Badaa (Jumeirah) and Barsha 3…

At a Cost of AED 82 million   United Arab Emirates, Dubai, September 11, 2019:  Union Coop the largest consumer cooperatives in the UAE has revealed through the Properties & Project Division to start the construction works of two commercial centers at a cost of AED 82 million in the areas of Al Badaa (Jumeirah) and Al Barsha Third. This is a part of Union Coop’s ......read more

Community Development Authority & Dubai Statistics Center launch Dubai's sixth social survey…

• Julfar: Social Survey is one of the most important projects launched by the Authority to aid effective planning & development in order to establish a leading social environment • Al Muhairi: A strategic project with short, medium & long-term impacts on societal development   Dubai, United Arab Emirates -  September 10, 2019:   The Community ......read more

Tamil Nadu seeks investment from UAE…

Indian state Tamil Nadu's Chief Minister EK Palaniswami holds investors’ roundtable in Dubai The delegation signed several Memorandums of Understanding (MoU) with UAE investors during the visit resulting in raising INR 4,200 crores of investment Dubai, United Arab Emirates -  September 10, 2019:    Edappadi K Palaniswami, Chief Minister of South Indian ......read more

B.A.U.M. Honours GROHE CEO Thomas Fuhr for His Commitment to Sustainability…

• Under Thomas Fuhr’s stewardship, GROHE, being a pioneer in the sanitary industry, is committed to the sustainable use of water as a resource. • For the first time ever, GROHE announces that its production processes are to become completely CO2-neutral by 2020. • The B.A.U.M. Environmental and Sustainability Award is one of the most well-known sustainability awards in ......read more

Ajman Free Zones supports artificial intelligence in the corporate world – exhibition…

 The event on 9th September, “AI Made Real” featured business leaders, academics and evangelists imparting knowledge and a debate on the role of Artificial Intelligence  Ajman Free Zone was a silver sponsor, being focused on developing the AI sector within the Emirate.    Ajman, United Arab Emirates (September 10, 2019)  Ajman Free Zone was the ......read more

Emirates Post issues a commemorative stamp to celebrate 20th anniversary of the UPU's EMS ...…

Dubai, United Arab Emirates -  September 09, 2019:    Emirates Post issues a commemorative stamp to mark the milestone 20th anniversary of the UPU’s EMS Cooperative. Created by the UPU’s International Bureau, the stamp is being launched on 10 September, to coincide with the date the organisation was founded, and will be issued by 24 several postal organisations ......read more

National Geographic Abu Dhabi's 2019 ‘Moments' Photography Competition Closes with Over 50,000 ...…

UAE photographers had the highest increase in submissions over last year, reflecting the growing interest in photography in the country Abu Dhabi – September 8, 2019 - National Geographic Abu Dhabi (NGAD) and Almarai announced today that over 50,000 photographs from across the Arab World have been submitted for the 9th edition of ‘Moments’, its annual regional photography ......read more

Emirates Maritime Arbitration Centre (EMAC) signs Memorandum of Understanding with Abu Dhabi Global ...…

Abu Dhabi/Dubai, UAE, 8th September 2019:   In the spirit of continued collaboration between government entities in the UAE, the Abu Dhabi Global Market Arbitration Centre (ADGMAC) and Emirates Maritime Arbitration Centre (EMAC) have signed a Memorandum of Understanding (MoU) to advance arbitration and mediation services across the whole UAE maritime industry. Mr. Majid bin Bashir, ......read more

31 innovative global start-ups to participate in the third edition of DIFC FinTech Hive's 2019 ...…

• Finalists join the 2019 cohort, from across the world including start-ups from Asia, Europe, Middle East and North Africa • Third edition includes larger pool of FinTech firms, growing approximately 50% from 2018 • Participants to receive training and mentoring from leading financial players and strategic partner institutions      Dubai, 8 September ......read more

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