Dubai PR Network, Online Press Release from Dubai and Middle East
Featured in Banking and Investments
Oman Insurance Company wins Medical Insurance Company of the Year at 2019 Annual Health Awards

Dubai, March 20, 2019:  Oman Insurance Company was awarded Medical Insurance Company of the Year at the recent 2019 Health Award. Jointly organized by Dubai Health Authority and Health Magazine, the award aims to recognize outstanding contributions of healthcare organizations and professionals in the region.    With a clear focus on exceptional customer experience, strong underwriting capabilities and digital solutions, Oman Insurance was a clear winner among the 10 nominations received in the Medical Insurance category. Some of the customer focused initiatives by the company include the launch of reimbursement and policy servicing portal, the linking of member eligibility verification to Emirates ID, the simple online portal to buy DHA medical insurance and the award winning corporate wellness program ......read more

Standard Chartered UAE participates in first-ever global running event along the Belt and Road

21 March 2019, Dubai – Standard Chartered recently announced the launch of the Standard Chartered Belt & Road Relay, the first-ever global running event spanning the Belt and Road initiative. The Relay aims to highlight the Bank’s continued commitment to Belt and Road, and the positive impact of the initiative to communities and businesses globally. The Relay will be led by eight staff athletes from Standard Chartered, selected from the Bank’s diverse footprint across Asia, Africa, the Middle East, and Europe and the Americas. These athletes will participate in running events across 44 Belt and Road markets within a 90-day period.  The Standard Chartered Belt & Road Relay kicked off in Hong Kong on 17 February, in conjunction with the Standard Chartered Hong Kong Marathon. Followed by the UAE stop on ......read more

Empower saves 305 million gallons of potable water in 2018, equivalent to the amount of water in 555 Olympic swimming pools

Dubai, UAE, 20 March 2019:   Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, highlighted on the occasion of World Water Day, that it has saved 305 million gallons of potable water in 2018 which is equivalent to the amount of water in 555 Olympic swimming pools. This has achieved by using treated sewage water in its district cooling operations instead of fresh water, in line with the 2008 Executive Council resolution approved by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, that directs to lower the usage of fresh water and use other water alternatives in order to conserve the water resources in UAE.  This is as part of company’s ongoing efforts to ensure water ......read more

Citi launches next generation mobile app in the UAE

More than 80% of its customers are enrolled in digital channels Mobile usage has surged 35 % in the past 12 months UAE, Dubai, March 20, 2019 –   Citi UAE announced today the launch of its next generation Citi Mobile® App for Citi’s credit card customers in the UAE.  The next generation Citi Mobile® App will significantly change the way credit card customers manage their finances as Citi introduces a new and comprehensive set of mobile app features and experiences. The new Citi Mobile® App experience promises a new look and feel, more intuitive navigation and smart functionalities.   According data compiled by the Citi, more than 80 % of Citi UAE’s customers are already enrolled in digital channels, with most subscribed to electronic statements and advices. Mobile banking ......read more

Chemical industry M&A expected to face challenges, but remain robust amid global uncertainty: Deloitte Global report

Dubai, UAE, March 19, 2019:  Global chemical mergers and acquisitions (M&A) activity in 2019 is expected to pull back slightly from 2018 levels against a backdrop of uncertainty—rising interest rates, trade tensions, and slowing economic growth. Despite a potential decrease in M&A deal volume, Deloitte Global’s 2019 chemical industry mergers and acquisitions outlook predicts that there will still be a robust market for M&A in the industry. Global M&A volume reached 600 deals in 2018, a decline of 5 percent compared to 2017, but total M&A value was still higher than in each of the years from 2010 to 2013. After a slow first quarter, deal volume increased in each successive quarter in 2018, and deal values were also strong, with billion dollar-deals increasing in both quantity and value. “In ......read more

Visa partners with Starbucks & Hardee's to help promote the use of Apple Pay in KSA and UAE

Visa’s partnership with Starbucks and Hardee’s entitles Visa cardholders in KSA and UAE to upsize their orders for free when paying with Apple Pay  17 March 2019:   Visa (NYSE:V), the world’s leader in digital payments, today announced partnerships with Starbucks and Hardee’s to accelerate the use and adoption of Apple Pay in the Kingdom of Saudi Arabia and United Arab Emirates. With Apple Pay, Visa cardholders and iPhone users can make instant payments using their phone via app or on web.  As part of Visa’s partnership with Starbucks, the world leading coffee chain and Hardee’s, one of the world’s most popular food and beverage service chains, Visa cardholders will get free upsize/upgrades on their orders when paying with Apple Pay.  The promotion with Starbucks ......read more

Dubai comprises 30 percent of free zones in the Middle East

Free zonescontribute 30 percent of the global trade Annual Investment Meeting to shed light on the significant role of free zones in accelerating the economy   Dubai, United Arab Emirates, 17 March 2019:Free zones are now present in more than 80 percent of states in the world, including emerging countries, and comprise nearly 30 percent of global trade. Asia region consists of the largest number of free zones in the world, followed by North America, South America and the Middle East. With 160 free zones (7.3 percent), the Middle East is the fourth largest host region in the worldwith Dubai comprising of30 percent of the free zones.   These figures testify the important role free zones play in creating a robust economy, according to organisers of Annual Investment Meeting (AIM), which is set to take place in ......read more

Finnovex ME to focus on disruptive innovations in banking and finance sectors

300 delegates from the industry to convene at the one-day summit to be held in Dubai on March 19  DUBAI – March 16, 2019:   Finnovex Middle East 2019, a one-day conference on financial innovation and excellence, will be held on March 19, 2019 at The Address Dubai Marina, featuring key banking and finance industry thought-leaders from across the region. The summit will focus on the future of financial services to be reshaped by the disruptive technological innovations in structuring, provision and consumption.  The Middle East edition of Finnovex 2019 is supported by The Bahrain Economic Development Board, Expo 2020 Dubai, Newgen Software Technologies, OneSpan, Comviva and Daon, will focus on Financial Innovations, Digital Transformation, Omni-Channel Banking, Cyber Security, Artificial Intelligence (AI), ......read more

TASC establishes itself as an industry pioneer in business excellence with Mohammed Bin Rashid Business Award

Dubai, UAE, March 13, 2019:  TASC Outsourcing, region’s leading staffing and talent management company, has been recognized by the prestigious Mohammed Bin Rashid Al Maktoum (MRM) Business Award. One of the few home-grown firms to achieve the MRM Business recognition in its first attempt, TASC is inspired by the UAE’s visionary leadership to follow international standards of quality and business excellence.  With this award, TASC has established itself as a pioneer in business excellence within the people outsourcing industry, remarks Mr. Mahesh Shahdadpuri, CEO – TASC Outsourcing.  During the 10th cycle of the prestigious Mohammed Bin Rashid Al Maktoum (MRM) Business Award, an initiative by Dubai Chamber of Commerce and Industry (DCCI), His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of ......read more

RAPP wins through the line Metlife Insurance account for the Gulf

Dubai, UAE, March 13, 2019:  When you ask Mimi Nicklin, the Managing Director of RAPP Middle East & Africa, about their recent win of Metlife Insurance she beams a smile that shows that this win means more than just business to her. “When Michelle (Lee), the Marketing Director for MetLife Gulf, asked us to work on the marketing strategy and delivery of their brand in 2019, I had an unexplainable feeling that we were being handed something extremely precious” said Nicklin.  As MetLife marches into 2019 with a new agenda for the region, focusing on their improved product offerings, competitive service models and leading data led innovation, there is arguably no better time to be “in” the insurance field. “The insinuation that insurance communication can be anything other than creatively ......read more

Evonik more robust as strategy takes effect

Key Financial Data: January 1 to December 31, 2018 Promised and delivered: adjusted EBITDA climbs to €2.6 billion Sales rise 4 percent to €15 billion Outlook for 2019: adjusted EBITDA to decline slightly or to remain stable, free cash flow to rise significantly  Dubai, UAE, March 13, 2019:  Evonik grew again strongly in 2018. Adjusted EBITDA increased 10 percent to €2.6 billion, compared with the previous year. All three chemical segments contributed to profit growth. The earnings forecast, that Evonik had raised after the first half of the year, was achieved despite external adversities in the second half of the year.    Sales rose 4 percent to €15 billion. The adjusted EBITDA margin climbed to 17.3 percent, about 1 percentage point higher than in 2017, taking Evonik a ......read more

Joyalukkas Exchange is now open at Dubai Investment Park 2,UAE

Dubai, UAE, March 12, 2019:  Joyalukkas Exchange, the money exchange arm of Joyalukkas Group, further enhanced its presence in the UAE region with a new branch in Dubai Investment Park 2.  With the new branch, Joyalukkas now has a strong presence of 11 branches spread across various parts of the UAE. To celebrate the newly opened branch, a special offer was announced for patrons wherein they will be rewarded with special gifts for every transaction made.  The new branch is a part of Joyalukkas Exchange’s ambitious expansion plans with more branches set to be open in the near future in Oman and Kuwait as well. Joyalukkas Exchange is renowned for providing customers with a world-class experience in foreign exchange and cross-border remittances with fast credit at best rates.  Patrons also earn reward points ......read more

Dubai Islamic Bank recognized with nine distinctive honors at the 2019 Islamic Finance News Awards

DIB named  “Best Overall Islamic Bank” and “Best Islamic Bank in the UAE” for a fourth consecutive year The bank also won “Best Islamic Retail Bank”, “Best Islamic Bank (Kenya)”, in addition to top deals accolades which capped five landmark transactions.  Dubai, 12 March 2019:   Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received nine industry recognitions at the prestigious Islamic Finance News (IFN) Awards 2019. The bank was honored once again with the “Best Islamic Bank” in the UAE, “Best Islamic Bank” in Kenya, “Best Overall Islamic Bank” and the “Best Islamic Retail Bank” awards at the IFN Best Banks Poll 2018, among five other key accolades for the coveted “Deal of the ......read more

Pearson Middle East calls for nominations for the 9th BTEC Awards

Recognising and celebrating inspiring students, teachers, schools & colleges from around the world 11th March 2019, Dubai, UAE −   Pearson, the digital learning company, is inviting nominations for the BTEC Awards 2019. BTEC is a highly regarded career-focused qualification, studied in over 60 countries, and every year Pearson celebrates outstanding BTEC students, teachers, colleges, schools and training providers from around the world. The 9th BTEC Awards will celebrate exceptional BTEC students and apprentices - and recognise the inspirational teachers and tutors whose dedication and passion are moulding the career professionals of the future. Cindy Rampersaud, Senior Vice President, BTEC and Apprenticeships at Pearson, said, “The BTEC Awards are our chance to recognise and reward the many teachers ......read more

Deloitte Global mining report explores key trends in 2019

As the industry shifts into a new stage of growth, miners must take an ever-expanding range of issues—from stakeholder engagement, to talent, geographic risk, and dwindling access to key input commodities—into account when setting corporate strategy. Leveraging analytics to manage risk and optimize the supply chain, going beyond compliance to positively impact communities and society at large, and transforming perceptions of the industry to attract and retain a diverse workforce are among key focus areas. Dubai, UAE, 11 March 2019 -   Deloitte has released it’s Global’s 11th annual mining report, Tracking the trends, which explores key trends facing mining companies as they navigate how to operate in a market characterized by constant disruption in the Fourth Industrial ......read more

Dubai Islamic Bank hosts Annual General Meeting

Dubai, UAE, March 7, 2019:   Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced that the assembly has approved the bank’s 2018 financial statements and other tabled resolutions closing another year of growth and success for the bank. The strong financial performance has placed DIB amongst the top 3 most profitable banks in the UAE today with 2018 net profit at a record number of over AED 5.0 billion. Other agenda items concluded at the AGM included the dividend payout of 35 fils per share, the review of the Fatwa and Sharia Supervisory Board Report and the appointment of the bank’s external auditors. Commenting on a fifth consecutive successful financial year, His Excellency Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of ......read more

Dubai Property Market Shows Signs of Positive Growth in 2019

The start of 2019 has seen positive growth in a selection of key Dubai developments, the head of the most advanced property portal in the market has revealed.    United Arab Emirates - 5, March 2019:  Haider Ali Khan, CEO of Bayut.com, said that while there was a general prediction of an across the board negative start to the year in the property market, there are a range of reasons to be optimistic.    He said: “If we look at how the market is doing across the board, the overall trend is similar to what we observed in the first half of 2018. While prices on average have decreased for both properties on sale and rent, what is interesting to note is that in both sales and rental trends, we have seen very few areas with drastic decreases of over 10%.    “Most changes have ......read more

Deloitte's Corporate Finance practices recognized by Mergermarket as the most active M&A advisor in the world

04 March, 2019 – United Arab Emirates:  Mergermarket, an Acuris company and a leader in M&A intelligence, has ranked Deloitte's global Corporate Finance practices as the number one most active M&A advisor in the world, based on deal volume, in its latest Global & Regional M&A Report 2018.  According to Elizabeth Lim, Research Editor, Americas at Mergermarket, “With so many market-moving factors fluctuating throughout the year, mergers and acquisitions have understandably had headwinds in late 2018. Intensifying trade tensions, political instability, and increased regulatory scrutiny lowered the number of deals struck over the year, though deal values remained relatively high. These deals reached US$3.53 trillion worth of activity, ranking  2018 as the third-largest year on Mergermarket ......read more

Deloitte's Corporate Finance practices recognized by Mergermarket as the most active M&A advisor in the world 04 March 2019 - United Arab Emirates:  Mergermarket, an Acuris company and a leader in M&A intelligence, has ranked Deloitte's global Corporate Finance practices as the number one most active M&A advisor in the world, based on deal volume, in its latest Global & Regional M&A Report 2018.  According to Elizabeth Lim, Research Editor, Americas at Mergermarket, “With so many market-moving factors fluctuating throughout the year, mergers and acquisitions have understandably had headwinds in late 2018. Intensifying trade tensions, political instability, and increased regulatory scrutiny lowered the number of deals struck over the year, though deal values remained relatively high. These ......read more

Takaful Emarat reports financial results for the twelve-month period ended 31st December 2018

Dubai, UAE 4th of March 2019: Takaful Emarat (“the Company”), the DFM-listed, Shariah-compliant Life and Health Takaful provider, announced its full year financial results for the twelve-month period ended 31st December 2018 which has been approved by the Board of Directors.    Key Financial Highlights  • Net profit for the 12 months ended 31st December 2018 was in line with expectations at AED 14 million which reflects one-off costs associated with the acquisition totaling AED 8 million.    • Net Takaful Income for the period was AED 87.7 million for the twelve months ended 31st December 2018 compared to AED 122 million for the same period in 2017.    • Total Assets for the 12 months ended 31st December 2018 were AED 1.038 million, 23.4% higher than total ......read more

ICSFS & PBZ Celebrates Successful Go Live of ICS BANKS ISLAMIC and ICS BANK

March 04, 2019 - Dubai, UAE: The People’s Bank of Zanzibar (PBZ), a state-owned and one of the oldest commercial banks in Tanzania, has successfully deployed and gone live on ICS BANKS ISLAMIC and ICS BANKS universal software suites from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions. The People’s Bank of Zanzibar (PBZ) is a fully-fledged commercial bank offering banking services in conventional and Islamic Banking for both, retail and corporate customers in Tanzania. PBZ was established in 1966 and is 100% owned by the Government of Zanzibar under the Ministry of Finance. ICSFS replaced PBZ’ legacy system and multiple disparate systems with its universal Islamic and conventional flagships and awards-winning banking and financial solutions ICS ......read more

Trade Bank of Iraq wins two top titles at the EMEA Finance Awards

TBI named the ‘Best local Bank in Iraq 2018’ and ‘Best Investment Bank in Iraq in 2018’ at annual awards ceremony  Dubai, United Arab Emirates, March 3, 2019: Trade Bank of Iraq (TBI) has been presented with two prestigious financial industry awards in recognition of its ongoing work to expand and develop the banking services landscape for its private and business customers in Iraq. TBI was presented with the titles of ‘Best local Bank in Iraq 2018’ and ‘Best investment Bank in Iraq 2018’ at the EMEA Finance Awards. Hosted by EMEA Finance magazine, the leading source of news and expert financial industry comment and analysis in the region, the awards saw some of the leading figures and institutions from the Middle East banking industry assemble at the Shangri-la Hotel ......read more

UAB Reports Financial Results for the Twelve Months to 31 December 2018

Financial Results –FY 2018   FY 2018 Highlights  Net Profit of AED77mwhich represents an increase of 345% compared to prior year Total Operating Income of AED647m Interest Income increased by 11% compared to prior year Operating Expenses decreased by 11% vs. 2017 Provisions for Credit Losses decreased by 16% vs. 2017 Loans : Deposits ratio improved to 91% ‘Non-core’ portfolio represents 1% of Total Loans Sharjah, UAE, 03rd March 2019 - United Arab Bank P.J.S.C ("UAB" or “the Bank”) reports its Financial Results for the Twelve Months to 31stDecember 2018.   UAB reported aNet Profit of AED77min2018 which represents an increase of 345% compared to 2017as the successful execution of its Transformation Strategypaved the way for a return tosustainable ......read more

Visa and PayMate Team Up to Expand Regional B2B Payments

Collaboration will help Visa’s commercial financial institution clients extend PayMate’s proprietary platform to their Enterprise & SMB customers to help make faster payments United Arab Emirates, Dubai – 03 March 2019:  Visa (NYSE: V) and PayMate, a leader in India’s Business-to-Business (B2B) payments landscape, announced an expanded collaboration to provide Visa’s issuing financial institution clients in the Central and Eastern Europe, Middle East and Africa (CEMEA) region with access to PayMate’s proprietary payment platform for their corporate customers’ payments needs. This move follows Visa and PayMate’s initial launch in India in 2017. PayMate’s cloud-based platform digitizes the entire procurement-to-payment cycle for businesses and helps large enterprises and ......read more

Emirates Development Bank successfully closes first Fedral entity issuance of USD 750 million bond

ABU DHABI, United Arab Emirates, 02nd March 2019: Emirates Development Bank, rated AA- by Fitch has successfully closed a USD750 million 5-year Senior Bond. Emirates Development Bank (EDB), a development bank fully owned by the UAE federal government launched its debut $750m five-year bond issue at 3.516 per cent coupon in the Regulation S markets. The inaugural USD transaction was issued under EDB’s newly established US$3 billion Euro Medium Term Note (EMTN) programme, to provide the bank accessibility to capital markets and further strengthen its funding profile.  EDB is the first federal entity to access the international capital markets under the UAE’s recently announced federal debt framework. The success of the transaction came on the back of an extensive marketing strategy aimed at introducing EDB to ......read more

Other Top Stories from Banking and Investments
 
The UAE Pavilion participates in the first International Defense Exhibition in Egypt…

Dubai, UAE, December 04, 2018:   The United Arab Emirates National Pavilion participates in the International Defense Exhibition 2018, taking place in Cairo Egypt today till December 5.  The participating delegation under the United Arab Emirates National Pavilion included officials and members from Tawazun Economic Council and the Emirates Defense Companies Council ......read more

International supervisory community meets to discuss challenges ahead for global bank supervision ...…

Dubai, UAE, December 01, 2018:  Some 300 central bankers and banking supervisors representing more than 80 jurisdictions met this week in Abu Dhabi, United Arab Emirates, to discuss a range of policy and supervisory topics. Events included a meeting of the Basel Committee on Banking Supervision and the 20th International Conference of Banking Supervisors (ICBS).   At the Basel ......read more

Commemorative Coins and Currency in honor of the Founding Father on the 47th National Day…

In remembrance of UAE’s celebrations of “Zayed Centenary” Dubai, UAE, November 29, 2018:  Central Bank of the UAE (CBUAE) is pleased to announce that it is issuing a commemorative silver coin, a commemorative one Dirham coin and an AED 100 denomination Bank Note with “Year of Zayed” logo coinciding with the 47th National Day of the UAE celebrations. CBUAE ......read more

CBUAE Signs Memorandum of Understanding with the National Bank of the Republic of Belarus…

Dubai, UAE, November 29, 2018:  The Central Bank of the UAE (CBUAE) and the National Bank of the Republic of Belarus (NBRB) have signed the Memorandum of Understanding (MoU) to establish an arrangement for sharing of supervisory information and enhancing of cooperation in the area of banking supervision. The MoU was signed by H.E Mohammed Ali bin Zayed, Deputy Governor of CBUAE and H.E ......read more

INJAZ Al-Arab and Boeing partner to challenge region's youth to solve aviation-themed business ...…

INJAZ Al-Arab and Boeing launch Boeing Business Challenge to find solutions for the aviation industry Over 80 students from across the Middle East will convene in Kuwait for the Boeing Business Challenge Dubai, UAE, November 27, 2018:  Boeing [NYSE:BA] has announced that it will jointly host the first-ever “Boeing Business Challenge” in partnership with INJAZ Al-Arab, ......read more

Two-thirds of businesses in the Middle East don't know why their customers are loyal, finds ...…

Global study conducted by an independent research firm for Collinson reveals that most brands in the UAE and Saudi Arabia do not employ strategies to improve customer relationships Dubai, UAE, November 26, 2018:   A commissioned study conducted by Forrester Consulting on behalf of Collinson, a global leader in customer benefits and loyalty, unearths that a significant proportion ......read more

DIB Crowned World's Strongest Islamic Retail Bank 2018…

UAE, Dubai, 26 November 2018:   Dubai Islamic Bank, the UAE’s largest Islamic bank, received three much sought after awards, including the ‘Strongest Islamic Retail bank in the World’, at the prestigious Islamic Retail Banking Awards (IRBA) 2018, recognizing its outstanding performance amongst the world’s Islamic retail banks. The bank also took home the ......read more

Trade Bank of Iraq, Standard Chartered Bank and General Electric close US$600 million of financing ...…

The financing solution has contributed towards delivering and securing more than 2 gigawatts (GW) of new power, while ensuring the continuity of up to 6.7 GW to Iraq's grid as part of the 'Power Up Plan' Dubai, United Arab Emirates, November 25, 2018:   Trade Bank of Iraq (TBI), Standard Chartered Bank and General Electric closed a $600 million financing agreement that ......read more

INJAZ Al-Arab Gears-up for the 12th Annual Young Arab Entrepreneurs Competition to be held in Kuwait…

Held Under the Patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah 25 November 2018:   INJAZ Al-Arab – member of Junior Achievement Worldwide – is hosting their 12th Annual Young Arab Entrepreneurs Competition in Kuwait between November 26 and 29, 2018. The competition will see 80 students from 11 countries across MENA compete ......read more

Energy trading - Ultimate Guide with RCPro…

If you area an experienced trader looking to diversify your portfolio and add something more than financial products, you have probably contemplated energy trading. Similarly, as a new trader, you may hear of the lucrative and exciting commodity trading markets and wish to become involved. Thanks to the birth of online trading and the existence of top-quality brokers, trading in the energy market ......read more

You Better Watch Out: Online and Offline Threats Endanger Payment Card Data…

Cyber attackers are using old tricks and new to steal customers’ payment card details from retailers this shopping season.    As we enter the busiest shopping period of the year, both offline and online retailers and consumers are facing risks to the security of their payment card data.   November 22, 2018 - Dubai, UAE:   Formjacking has surged in ......read more

Refinitiv Partners With DDCAP Group To Provide A Fully Integrated Treasury Trading Workflow For ...…

Dubai, UAE, November 22, 2018:   Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, has signed a partnership agreement with DDCAP Group (“DDCAP”), a leading provider of asset facilitation and trade execution services, to offer financial institutions a fully integrated treasury trading workflow for Sharia’a-compliant ......read more

FERG celebrates 10 years of commitment…

Dubai, November 21, 2018: Foreign Exchange and Remittance Group (FERG), a consortium of businesses engaged in the foreign exchange and remittance industry, celebrated the completion of 10 successful years at its Annual General Meeting, which was held at Steigenberger Hotel, Dubai in the presence of office bearers, members and industry leaders and officials representing Central Bank of UAE,  ......read more

Zoho Deepens Analytics and AI in Customer Experience Platform…

Zoho CRM Plus, powered by Zia and Zoho Analytics, delivers seamless flow of insight to help businesses masterfully create positive customer experiences Dubai – November 21, 2018: Zoho today unveiled the next generation of Zoho CRM Plus, its all-in-one customer experience platform that empowers Sales, Marketing, Customer Support, and Operations to work as one. Now, Zoho customers have ......read more

Egypt tech startups get vote of confidence from Wamda Capital's investments in Aqarmap & Crowd ...…

Dubai, UAE, November 21, 2018:  Wamda Capital’s recent investments in two Egyptian tech startups – Aqarmap and Crowd Analyzer – is a vote of confidence for other entrepreneurs in the country and investors abroad. With Egyptian startups securing bigger and later stage investment rounds in 2018, the venture capitalist firm says the pipeline potential in the MENA ......read more

RAPP's Development Continues as New Crm Director Joanna Witsch Joins the Mena Team…

Dubai, UAE, November 20, 2018:  RAPP, A global agency specializing in data fueled creativity and part of the Omnicom network, continues to grow by welcoming Joanna Witsch to the Middle East and Africa team. Joanna will be leading the customer relationship management and loyalty team at the agency and will oversee CRM relations for the MENA region. Having started her career over 10 years ......read more

Win Big this Winter with UAE Exchange…

Daily cash prizes worth AED 10,000 and six BMW Cars weekly to be won during the 45-day promotion    Dubai, 17 November 2018:   UAE Exchange, a leading financial services brand in the United Arab Emirates, has launched its annual Winter Promotion – Win Big. During the 45-day promotion, customers have a chance to win AED 10,000 every day and a BMW car every ......read more

Takaful Emarat (‘the Company') reports financial results for the 9-month period ended September 30, ...…

The Company reports net profit of AED 9.1 million for the 9 months ended September 30, 2018, an increase of AED 7.6 million compared to the same period in 2017 The Company maintains its focus on Digitization and Artificial Intelligence development  Dubai, UAE 14th November 2018,   Takaful Emarat (“the Company”), the DFM-listed, Shariah-compliant life, health ......read more

Refinitiv Partners with Union of Arab Banks to Create Strategic Networking Platform…

Partnership helps develop cooperation among more than 360 financial institutions across MEA markets Dubai, UAE, November 14, 2018:  Refinitiv, formally the Financial & Risk business division of Thomson Reuters, announced a partnership with Union of Arab Banks (UAB) to develop a strategic networking platform for UAB’s members, the financial and compliance community across Middle ......read more

GDPR compliance to help boost UAE businesses with EU companies…

IAA Workshop raises awareness of the new GDPR law and potential risks Dubai, 11 November, 2018: The role of internal auditors is more important than ever after the introduction of General Data Protection Regulation (GDPR) by the European Union as they can reduce risks as well as add value to the businesses by protecting the data that will give confidence to business partners. This was ......read more

The Central Bank's Higher Sharia Authority Discussed the Sharia Governance for the Sharia Control ...…

Dubai, UAE, November 08, 2018:  The Higher Sharia Authority (HSA) for financial and banking activities in the UAE held its sixth meeting chaired by His Eminence Sheikh Dr. Ahmed Bin Abdulaziz Al Haddad, the Chairman Higher Sharia Authority, and attended by Their Eminence the members of the HSA, Sheikh Prof. Dr. Jasim Ali Al Shamsi, Sheikh Esam Muhamad Ishaq,Sheikh Dr. Aznan Hasan, ......read more

MDC Business Management Services Wins ‘Best Shared Services Initiative in UAE' Award…

The award was presented at the “Government Shared Services Conference” hosted by Lt. General H.H Sheikh Saif bin Zayed Al Nahyan Abu Dhabi, UAE, 08 November 2018:   MDC Business Management Services (BMS), wholly-owned by Mubadala Investment Company, was recently awarded ‘Best Shared Services Initiative in the UAE’ at the ‘Government Shared Services ......read more

The five questions you should ask yourself before you take out car insurance…

November 08, 2018 - Dubai, UAE:   AXA, one of the largest international players in the GCC and the number 1 global insurance brand (as per Interbrand rating 2018) has some helpful advice for people looking to renew or buy car insurance.   Recently, the region's car insurance market has become more price driven. Add to this the fact that demand for car insurance usually ......read more

WeInvest sets eyes on UAE, opens office in DIFC…

The Singapore firm, a finalist at the FinTech Hive initiative, is a robo-advisory platform-as-a-service provider for financial services provider DUBAI - 7 November 2018:   WeInvest, a Singapore-headquartered digital wealth services and robo-advisory firm, announced the opening of its office in the Dubai International Financial Centre (DIFC). Their entry into the UAE is the latest to ......read more

Joyalukkas Exchange wins Best Strategic Customer Loyalty Program Award 2018.…

Dubai, UAE, November 06, 2018:  Joyalukkas Exchanged bagged the prestigious Best Strategic Customer Loyalty Program Award – 2018 in the Middle East’s Customer Happiness Summit and Awards.  On behalf of Joyalukkas Exchange, Mr. Marish Karna, Manager - Business Process, received the award from Mr. Hans Sandee, Netherlands' Consul General in Dubai.  The event took ......read more

Unilever MENA calls for collective action as it's revealed that 54% of consumers are keen to ...…

6th Edition of Unilever Sustainable Living Plan event focuses on plastic packaging as organization leads the charge for achieving a sustainable future for the Middle East   Dubai, United Arab Emirates, November 6, 2018 –   During an industry forum held today, it was revealed by Unilever that 54% of consumers are keen to purchase products more sustainably, according to ......read more

Owning Your Dream Car Made Easy…

Dubai, UAE, November 04, 2018:   Buying a new car is a significant step for all of us. Whether you dream of a reliable car for the whole family to enjoy, or adding a new premium model to your own collection, it brings a feeling of success and achievement when you get hold of the keys to your desired car.   The perks of owning a car can come at a considerable price, which is ......read more

The Central Bank of the UAE…

Abu Dhabi - November 03, 2018: The Central Bank of the United Arab Emirates announced that it will introduce into circulation, on Tuesday 30/10/2018, a currency note of AED One Hundred (AED100( denomination, reprinted with new security features, all on the front side of the   note as follows:- 1.         SPARK® Live:- A colour changing security ......read more

Oman Insurance Company signs up with Al Etihad Credit Bureau…

October 30, 2018 - Dubai, UAE: Oman Insurance Company (OIC), a prominent insurance player in the GCC and one of the UAE’s leading insurers, has signed up with the Al Etihad Credit Bureau (AECB) to review commercial clients’ credit worthiness and better manage credit risk exposure.    The Al Etihad Credit Bureau is a Federal Government entity mandated to build a ......read more

Tabreed Raises USD 500 million With New 7 Year Sukuk…

Also arranges new bank facilities of AED 1.5bn  30 October, 2018 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based regional district cooling utility company, today announces it has successfully raised US$500 million (AED 1.8 billion) with a fixed rate senior unsecured US dollar denominated RegS sukuk with a 7 year tenor. ......read more

The Central Bank of the United Arab Emirates Latest News…

Abu Dhabi, October 29, 2018:  The Central Bank of the United Arab Emirates announced that it will introduce into circulation, on Tuesday 30/10/2018, a currency note of AED One Hundred (AED100( denomination, reprinted with new security features, all on the front side of the   note as follows:-   1.  SPARK® Live:- A colour changing security feature printed at ......read more

National Bonds launches savings drive to celebrate World Savings Day…

28 October 2018, Dubai, UAE: National Bonds will celebrate World Savings Day 2018 with a savings initiative to stimulate savings in the UAE.  World Savings Day was created to increase the public’s awareness of the importance of savings. Celebrated around the world, the day aims to promote the virtues of putting money aside. For more than 90 years, the World Savings and Retail ......read more

Arab Bank Group profits grow by 7% to $643 million for nine month 2018…

Dubai, UAE, October 28, 2018:  Arab Bank Group reported net income after tax for the nine month period ended 30 September 2018 of $643 million compared to $601 million in the prior period, recording a growth of 7%. The Group’s net income before tax grew by 8% to reach $865 million with net operating income reaching $ 988 million and recording a growth of 9%. Mr. Sabih Masri, ......read more

AED 6 billion worth of RAK Chamber members' exports during 9 months…

12931 renewed licenses in RAK Chamber within 9 months Dubai, UAE, October 27, 2018:  Eiman Alhayyas, Assistant General Manager, Business Services and Business Development at RAK Chamber, said that the number of new establishments registered with the Chamber during the first nine months of current year was 1,199 and 12,931 licenses were renewed. The total number of certificates of ......read more

Transguard Group to Digitally Transform the UAE's USD $1 Billion Outsourcing Market…

Current estimates indicate a 22% growth in outsourcing by 2020 DUBAI, United Arab Emirates – October 24, 2018 Aimed at fostering a digital connection between the UAE’s complicated ecosystem of managers, suppliers, Transguard Group, one of the nation’s largest employers, has announced a partnership with SAP that is aimed at digitally transforming the country’s USD $1 ......read more

CINCO and Global Event Management Group Sign Partnership at the World CEO Forum 2018…

United Arab Emirates, Dubai, 24 OCTOBER 2018 – One of the Middle East’s largest events company, GEM, and North American agency CINCO, experts in sponsorship and experiential marketing, announced an official partnership at this year’s World CEO Forum in Dubai. GEM, a well-established and highly successful key player in the United Arab Emirates’ events industry, has turned ......read more

Saudi HR leaders to explore macro trends in human development…

Ashridge to coach HR Leaders on maximizing company business value and their strategic impact October 23, 2018:   Saudi Arabia’s Vision 2030 challenges HR leaders in Saudi to take progressive steps to bring about organizational changes aimed at ensuring greater business success.  Ashridge Executive Education has launched a five-day transformational programme aimed at ......read more

Pharmaceutical companies need to act local and invest in the right talent to succeed in the META ...…

A diversified portfolio tailored to the market, key partnerships with ministries of health and regulators, and thinking long-term are key to securing share of US$40 billion market 22 October, Dubai: “Global, regional and local pharmaceutical firms operating in the Middle East, Turkey and Africa (META) region need to be able to ‘change the tires while driving’ if they are to ......read more

ICAEW: Firms must be reimagined to survive digital era…

ICAEW says accountancy firms need to thoroughly re-think their organisational structure, culture, people and practices to be fit and ready to compete in a digital world. In its latest report Reimagining the Firm , the accountancy and finance body urges transformation to go beyond digital tools or services to ensure accountancy firms remain relevant in a digital era. Dubai, UAE, October 22, ......read more

L'oréal Among the Top 10 of Thomson Reuters Diversity & Inclusion Index…

Dubai, UAE, October 18, 2018:   For the third consecutive year, L’Oréal has been named one of the world’s leading companies by Thomson Reuters that ranks over 7,000 international organizations on a set of Diversity and Inclusion metrics. In 2018, Thomson Reuters ranked L’Oréal 8th place ex-aequo with Natura worldwide, among top players such as Accenture or ......read more

Press Statement from the Central Bank of the UAE about the new Federal Government debt law…

Dubai, UAE, October 15, 2018:   H.E Mubarak Rashed Al Mansoori, Governor of the Central Bank of the UAE: “The new Federal Government debt law lays the foundations for the development of a bond market in dirham denomination in the UAE. This is important as it will create deeper, more resilient financial markets, benchmark the yield curve, provide more diversified sources of ......read more

Trade Bank Iraq named Best Iraqi Bank by Global Finance Publication…

Abu Dhabi, United Arab Emirates, October 15, 2018:   Trade Bank of Iraq’s (TBI) continued commitment to accelerating economic growth and providing modern banking service in its home country have been recognised as it was named Best Iraqi Bank by a leading global financial publication. New York-based ‘Global Finance’ magazine rewarded TBI’s strong financial ......read more

UAE Exchange Enters the Prestigious Platinum Class of Tawteen Partners Club…

Tawteen, the National Program for Emiratization, supports UAE Nationals to work in the private sector    Abu Dhabi, 15 Oct 2018:   Her Excellency Farida Abdullah Al Ali, Assistant Undersecretary, Ministry of Human Resources and Emiratisation (MOHRE), bestowed the Tawteen Club Trophy to UAE Exchange, a leading global remittance, foreign exchange and payment solutions ......read more

FBN Next Generation Lombard Odier Award 2018 champions the next generation of entrepreneurs…

The Family Business Network (FBN) and Lombard Odier have rewarded three exceptionally promising young family business entrepreneurs as finalists in the 10th FBN NxG Lombard Odier Award. The finalists had the opportunity to pitch their projects to over 500 family business leaders at the FBN 29th Global Summit in Venice on 12th October, where the overall winner was revealed.   Dubai, ......read more

Dubai Islamic Bank Group 9 Month Financial Results…

For the period ended September 30, 2018 Total Income reaches AED 8.5 billion, up by 13.6% YoY.  Group Net Profit at AED 3.7 billion in the nine months of 2018, up 12.1% YoY. Balance sheet grows by 7.4% in the nine months of 2018 reaching AED 222.8 billion. Dubai, October 10, 2018:  Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic ......read more

Deloitte Middle East tax professionals recognized in 2018 Guide to the World's Leading Tax Advisers…

-2018 Guide to the World's Leading Tax Advisers recognizes Deloitte professionals for the eighth consecutive edition Dubai, UAE, October 09, 2018:  Euromoney listed 176 Deloitte professionals from 54 jurisdictions in its 2018 Guide to the World's Leading Tax Advisers. More than ten percent of the leaders in the guide are from Deloitte, making this the eighth consecutive edition ......read more

Monetary & Banking Developments – August 2018…

Dubai, UAE, October 07, 2018:  The Central Bank announced that the Money Supply aggregate M1 decreased by 1.7%, from AED 496.4 billion at the end of July 2018 to AED 488.1 billion at the end of August 2018.    The Money Supply aggregate M2 also decreased by 1.8%, from AED 1302.3 billion at the end of July 2018 2018 to AED 1278.9 billion at the end of August ......read more

MENA region must come together to capitalize on entrepreneurial ecosystem's momentum…

Dubai, UAE, October 06, 2018:  Although entrepreneurship in the MENA region is booming, greater and more comprehensive cooperation between local governments is necessary in order to capitalize on recent momentum within the ecosystem, according to a senior World Bank representative. Ali AbuKumail, a Senior Private Sector Specialist at the World Bank, recently worked on the Arab World ......read more

New Worker's Insurance Scheme Forthcoming…

Dubai, UAE, 4 October 2018:   The Ministry of Human Resources and Emiratisation announced that effective 14 October, a worker’s insurance scheme will replace the existing bank guarantees system.    The Ministry of Human Resources and Emiratisation announced that effective 14 October, a worker’s insurance scheme will replace the existing bank guarantees system. ......read more

Mohammed bin Rashid Innovation Fund announces AED 5.5 million Disbursement in UAE start-up Pure ...…

Disbursement to unlock growth opportunities and expansion across the region, aligned with UAE National Innovation Strategy  Dubai, 02 October 2018 –   The Mohammed bin Rashid Innovation Fund (MBRIF), operated by the Emirates Development Bank (EDB), today announced a disbursement of AED 5.5 million to UAE headquartered Pure Harvest.  A regional innovator in ......read more

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