May 23, 2018 - Dubai, UAE:
Bayzat (www.bayzat.com)is looking to become the one stop solution for small- and mid-sized companies. The technology company provides insurance and HR solutions for SMEs. Founded in 2013, the company is making waves in the Middle East – in 2017, it made it to the Forbes list of Top 100 Startups in the Arab World.
The company’s founder, Talal Bayaa, and his team noticed the fragmentation in the UAE financial sector and they decided to launch a product that would make it easier for individuals and companies to compare different insurance options.
Bayzat’s main product isthe Health Insurance comparison service, which examined policies in real time. The service can cut processing times by 50% and save at least 20% on associated insurance costs. The service is available for companies but ......read more
Promotes Abhijeet Vijayvergiya as President & Managing Director, Global Accounts and Asia Pacific
Global brands such as Pizza Hut, VF Brands, KFC, Bata, Asics, Unilever, Siam Makro leverages Capillary solutions across multiple countries
DUBAI – May 23, 2018: Capillary Technologies, with presence in 30+ countries and helping consumer businesses achieve digital transformation, using its AI Powered technology platform; today announced that it has grown its global business by 200% YoY and has elevated Mr.Abhijeet Vijayvergiya as its President & Managing Director, Global Accounts and Asia Pacific.
In the new role, Abhijeet will be not only continue to own sales for Asia Pacific but also be responsible to nurture and scale Capillary’s global accounts such as Pizza Hut, KFC, Bata, Asics, VF Brands, Siam Makro. ......read more
Appreciation Award for Representative Entities during the DED Business Excellence Awards Ceremony
Dubai, UAE, May 22, 2018: The French Business Council Dubai and Northern Emirates (FBC) has received the Dubai Quality Appreciation Award for Representative Entities, presented by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Mohammed bin Rashid Al Maktoum Knowledge Foundation. This award was given during the Business Excellence Awards Ceremony held on Tuesday, 24th April 2018 at Dubai Opera.
The Dubai Quality Award is an initiative created by the Department of Economic Development (DED) to promote quality and excellence. It provides organizations a tool to benchmark performance and document existing gaps, but also ......read more
Abu Dhabi, UAE – 22, May 2018: The Central Bank of the UAE (CBUAE) today publishes the Financial Stability report for the year 2017. The Financial Stability Report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy measures introduced by the Central Bank. The Financial Stability Report also includes an assessment of key macro-financial and banking-sector developments that may affect financial stability in the United Arab Emirates. The Financial Stability report is produced annually, in line with the UAE Government’s goal of creating greater transparency throughout the UAE financial system.
H.E. Governor, Mubarak Rashed Al Mansoori, said: “The UAE banking sector remains resilient, with robust capital ratios, liquidity ......read more
Islamic Finance: Scalable and sustainable source of funding social infrastructure
Dubai, UAE, May 21, 2018: Policy makers, the private sector and governments continue to find ways to bridge gaps in infrastructure funding, with social infrastructure landscape climbing to the top of agendas in importance. Deloitte Middle East continues to bring the latest insights on this trend through its new Islamic Finance insights series, “Scalable and sustainable source of funding social infrastructure”.
The industry whitepaper published by Deloitte’s Islamic Finance Knowledge Center (IFKC) in the Middle East, is produced in collaboration with the Chartered Institute of Securities and Investment (CISI), UK. The analysis, views and policy recommendations have been contributed by prominent industry thought ......read more
Middle East accounts for 4.75% of global ransomware numbers in Q1 of 2018, finds Trend Micro report;
Free tools ideal for businesses who do not use Trend Micro endpoint solution
May 21, 2018 - Dubai, United Arab Emirates
The Middle East and North Africa in Q1 of 2018, have accounted for 4.75% and 1.75% respectively of global ransomware threats, and Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, is committed to protecting customers and consumers against today’s greatest security threats. Trend Micro has blocked more than 100 million ransomware threats for their customers in the last six months alone, with 99 percent of threats blocked from email and web traffic. Recognizing the growth and impact of ransomware, the company has taken a holistic approach to ......read more
DUBAI – May 20, 2017: Euromax Personal Care, a division under Dubai-headquartered Eurostar Group, has initiated a campaign titled ‘Bring your own razor’ (BYOR) to salons, aimed to educate consumers about raising the bar on personal hygiene and safety. The campaign focuses on ‘one man, one razor’ theme about using own shaving products in salons in line with the existing guidelines of civic bodies.
Eurostar Group is now focusing on personal care segment, taking a range of products with highest quality standards to global markets.
Euromax introduces a professional salon shaving kit, which will enable consumers to carry their own preferred shaving devices and products to the salon. This will help them get a hygienic shave better safeguarding them from allergies and other spreading ......read more
Holborn Assets reveals their clients’ most common current concern is based on predicted market volatility
Dubai based firm explains how a diversified investment portfolio offered great returns during the steady markets in 2017, but also protects against the volatility that has been seen this year.
Dubai, United Arab Emirates, May 20, 2018: A leading financial adviser has revealed how investors can best protect their investment portfolio during the current period of volatility and uncertainty.
Stefan Terry, Senior Partner at financial services and advisory firm, Holborn Assets, believes that a robust and diversified investment portfolio invested in a range of geographic locations and industry sectors as well as being spread across the major asset classes – equities, bonds, commodities ......read more
Dubai, United Arab Emirates, may 17, 2018: The Central Bank of the UAE (CBUAE) announced that, as of May 17, 2018, it will publish on its website, a list of foreign currency rates against the AED (Arab Emirates Dirham), to help UAE business entities calculate their VAT obligations to the UAE Federal Tax Authority.
This service is in line with the requirements of Federal Law No. 8 on Value Added Tax.
United Arab Emirates, May 17, 2018: The Higher Sharia Authority (HSA) for financial and banking activities in the UAE held its third meeting at 9am of Sunday 13 May 2018.
The meeting was chaired by His Eminence Sheikh Dr. Ahmad Bin Abdulaziz Al Hadad, the Chairman Higher Sharia Authority.
The HSA discussed a number of matters related to the creation of a unified Sharia governance framework for Islamic financial institutions (IFIs).
The HSA considered the draft standard on the appointment of the internal Sharia boards for IFIs and the fit and proper criteria in addition to some related headlines.
This standard is going to promote the role of the internal Sharia boards and strengthen Sharia compliance assurance in IFIs which will reflect positively on customer confidence in IFIs.
The HSA considered the ......read more
May 17, 2018 - Dubai, UAE: The latest scandal that unfolded with Facebook and how it has shared some user data with third parties has finally got everyone talking about data security and what could be done to properly protect the right to privacy – or, at least, the right to know who and how is using our data. It seems like the perfect timing for the General Data Protection Regulation (GDPR), EU’s latest privacy law, to come into effect on May 25, 2018.
GDPR Applicable to Dubai Companies
The new Regulation is a comprehensive attempt to codify and reform EU rules on data protection and privacy as part of the EU legislation. According to the new rules, there is an increased focus on security as organizations collecting, storing and processing data are required to take steps in order to ensure that the personal ......read more
Dubai, UAE – 14 May 2018 – Ithmaar Holding B.S.C., a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, each announced their financial results for the first quarter of 2018 with both reporting profits for the period.
The announcement by the Ithmaar Holding Chairman His Royal Highness Prince Amr Al Faisal, who is also the Ithmaar Bank Chairman, follows the review and approval of both Board of Directors of the consolidated financial results for the three-month period ended 31 March 2018.
The Ithmaar Holding reported a net profit of US$4.81 million for the three-month period ended 31 March 2018, a decrease of 16.9 percent compared to a net profit of US$5.79 million for the same period in 2017. Net profit attributable to equity ......read more
Dubai - May 14, 2017: Caparol Paints, a global provider of German paint and coating solutions, has announced celebration of 20 years of excellence for CapaStone, a premium natural stone-like finish texture paint for interior and exterior surfaces. CapaStone has carved out its legacy and emerged as a market leader for over the past two decades in the Middle East.
CapaStone is a superior quality pure acrylic water-based paint system with coloured inorganic crushed natural stone aggregates for interior and exterior surfaces which are manufactured with cutting-edge German technology. The paint system is inspired by the natural scenic beauty and landscapes of the Middle East. The product is available in an exquisite range of breath-taking natural stone-like ﬁnishes to suit various architectural requirements.
Commenting on ......read more
Unique collection and first of its kind jewellery makes debut at the AMIRA store in Dubai Festival City
The first jewellery brand in the UAE that is crafted specially for the growing millennial demandswithin UAE
Dubai, 14th May2018: AMIRA proudly announces the opening of its exciting new flagship store located in Dubai’s most popular shopping destination, Dubai Festival City. The new store truly reflects the essence of AMIRA and exudes the radiance, cosmopolitan nature and optimism of the brand. The newly designed store on the link bridge, elegantly showcasing AMIRA’s latest and extensive jewellery offerings.
In an exclusive event to celebrate the opening, AMIRA’s first store saw the presence of Ahmad Khalifa Ali Al QaiziAlFalasi, CEO, Corporate Services and Investment, Department ......read more
ADNOC will build on existing foundation in Ruwais, Abu Dhabi, to create the world’s largest integrated refining and petrochemicals complex
Creation of new partnership and investment opportunities to enable ADNOC to further stretch the value of every barrel produced and leverage growth in demand for higher value downstream products
Development of an integrated downstream ecosystem, including new Derivatives and Conversion Parks, to stimulate In-Country Value creation, employment opportunities, and private sector and GDP growth
Downstream strategy to add more than 15,000 jobs by 2025 and contribute an additional 1% to GDP per year
Abu Dhabi, United Arab Emirates, May 13, 2018: The Abu Dhabi National Oil Company (ADNOC) today unveiled plans to invest AED 165 billion (US $45 billion) alongside ......read more
Dubai, UAE; May 09, 2018: Hormann Middle East and Africa, has launched the upgraded DOBO system allowing increased security and reduced heat loss through the loading bay doors when trucks dock.
DOBO system ensures safety and prevention of theft. With this system, the lorry doors are only opened shortly before loading. The semi-trailer can remain docked to the loading bay unattended, for example, overnight. It also provides safety for drivers: they can dock completely without exiting the vehicle, preventing them from entering the zone between the vehicle and the ramp.
DOBO system is also perfect for refrigerated warehouses. To fully utilize the floor space of a refrigerated warehouse, the DOBO system is combined with a thermal loading house. The industrial door closes the loading house from the outside. The expended ......read more
DP World subsidiary to work on chain of superyacht marinas in exclusive agreement with Ports of Monaco
Dubai, UAE, 08 May 2018: DP World Group subsidiary, P&O Marinas has announced an agreement with Monaco government owned Société Monegasque International Portuaire (SMIP) to work on selected marina projects in the Mediterranean and other locations around the world.
A Memorandum of Understanding (MoU) has been signed in Monaco to invest, develop and manage yachting destinations dedicated to superyachts. The agreement was signed by Mohammed Al Mannaei, CEO of P&O Marinas and Mr. Aleco Keusseoglou, Chairman of SMIP in the presence of Mr. Rado Antolovic, CEO & MD of P&O Maritime, Mr. Gian Battista Borea d’Olmo, Executive Director of SMIP, Ms Fabiana Maccarini, Research and Development Officer, P&O Marinas and ......read more
Hyper Island introduces its expertise in the UAE to offer solutions that enables professional development
Tuesday, May 8 (Dubai) — Global brands such as Volvo, Coca Cola, Unilever, P&G, Microsoft, Dentsu, IKEA and Adidas have all sought the business and educational solutions of Hyper Island, a Swedish pioneer that brings transformation in businesses and empowers employees with new skills. Hyper Island is now offering its executive business educational programmes and innovation strategies in the United Arab Emirates and Middle East & North Africa.
“We are absolutely delighted to launch a presence in the UAE and the MENA region. Hyper Island has over twenty years of experience in the educational and business innovation sector with global brands across the world. We have learning hubs in Stockholm, Singapore, ......read more
May 06, 2018 - Dubai, UAE: Milano, UAE’s leading brand in sanitary ware, electrical, water purifier, hardware and tiles, held its annual gathering for authorized dealers on Friday at Bollywood Parks, Dubai where more than 400 dealers across the UAE attended the event.
Milano presented the latest product range to the dealers which included new variation added in sanitary ware, electrical, tiles, and hardware products. Joining the existing range of products are Milano Fix adhesive, Shower-head with micro fabric filters, PU Foam, Digital door viewer, Pressure washer and a new range of door handles. The dealers were given detailed information about the new products launched which resulted in on-the-spot order bookings.
Anis Sajan, Managing Director of Danube Group added, “With an increase of 35% in business growth last ......read more
Abu Dhabi, UAE – 06 May 2018: The Board of Directors of the Central Bank of the UAE held its 3rd meeting for 2018 at 9:30am on Tuesday, 1st May 2018, at the Central Bank Head Office – Abu Dhabi, under the chairmanship of H.E. Khalifa Mohammed Al Kindi, Chairman of the Board. The meeting was attended by H.E. Khalid Juma Al Majid, Deputy Chairman, H.E. Mubarak Rashed Al Mansoori, the Governor, and Board members; Their Excellencies Younis Haji Al Khoori, Khalid Mohammed Salem Balama, Khalid Ahmad Al Tayer, Hamad Mubarak Buamim, as well as by Their Excellencies Mohamad Ali Bin Zayed Al Falasi, Deputy Governor, Saif Hadef Al Shamsi, Assistant Governor and a group of senior Central Bank staff.
The Board reviewed the following reports submitted by Monetary and Reserve Management ......read more
Initiative helps bring down money exchange and bank theft in the UAE by 90%
Dubai. UAE – May 5, 2018: The Foreign Exchange and Remittance Group (FERJ), a consortium of businesses engaged in the foreign exchange and remittance industry, attended the 3rd edition of Awareness Training by Dubai Police, held on 25th April at Dubai Police Officers Club. The initiative by Dubai Police works on training employees of banks and exchange houses to avoid falling victims of swindling and deception.
Thanks to such awareness sessions and other security initiatives taken by Dubai Police, there has been a 90 per cent drop in crimes in banks and money exchange houses last year compared to 2016.
FERG has been working closely with Dubai Police to combat financial crimes related to foreign exchange and money transfers. ......read more
Agreement paves the way for the launch of UAE’s first fully-licensed celebrity crypto exchange
Dubai, 2 May 2018 – In a partnership aimed at expanding its celebrity token footprint to the Middle East, the Global Crypto Offering Exchange (GCOX) has signed a memorandum of understanding (MOU) with Bin Zayed International L.L.C.
In addition to meeting the growing demand for decentralised blockchain applications around the world, this new strategic partnership, which was signed during the Future Blockchain Summit in Dubai, paves the way for the launch of UAE’s first fully-licensed celebrity tokens crypto exchange.
“With the global crypto market predicted to be worth over US$6 billion by 2025, and the rate of adoption expected to grow exponentially in the coming year, the importance of capitalising ......read more
Banks’ asset growth remains robust at 4.4 per cent
Overall net profit increased 6.7 per cent year-on-year
Non-performing loan (NPL) ratio for the GCC banking sector reduced by 0.3 per cent to 3.2 per cent
Dubai, United Arab Emirates, May 02, 2018: KPMG has released the findings from the third edition of its annual GCC listed banks results report, which analyses the financial results for leading listed commercial banks across the GCC in 2017.
Titled ‘Shifting horizons’, the report shows that banks’ asset growth remains robust at 4.4 per cent, particularly when compared with more developed markets. Growth was driven by increased lending to government and related entities to support national-level growth initiatives.
Driven by the larger ......read more
Saudi Arabia’s ICT spend to reach US$ 40 billion this year
Trend Micro participates in Smart Transformation Summit as strategic partner
May 2, 2018 - Dubai, UAE
Saudi Arabia’s digital transformation continues to burgeon with reports showing that the Kingdom’s ICT spend grew 6 per cent in 2017 to over US$36 billion and is predicted to expand further this year to reach the value of US$ 40 billion.
With the pace of KSA’s digitization continuing in rapid acceleration, Trend Micro, a global leader in cybersecurity solutions, emphasized the need for a modernized, integrated and secured system, noting the serious privacy and security challenges that come with a vast web of interconnected technologies.
Speaking at the Smart Transformation Summit in Riyadh, Dr. Moataz Bin ......read more
Youth Seminar on ‘The Benefits of Real Estate Investment’ – A Local Perspective with a Global Vision 2018
Dubai, United Arab Emirates, 1st May 2018: Youth in real estate investment was the focus of the second day of the 69th edition of the International Real Estate Federation’s FIABCI World Congress, which was inaugurated on Monday 30th April in Dubai and will run until 2nd May under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
During the event, which is being held for the first time in the MENA region under a ‘Happy Cities’ theme, Dubai Land Department (DLD) organised a youth seminar in cooperation with the Emirates Youth Council and in the presence of a group of developers to discuss the ......read more
UAE, December 26, 2017 - The Arab Brazilian Chamber of Commerce (ABCC) has lauded the continuously growing economic ties between Brazil and Arab countries after recent statistics released by the Brazilian Ministry of Industry, Foreign Trade and Services showed the vast South American country importing 5.9 million tons of fertilizer from January to November this year.
The number accounted for ......read more
Laval, December the 21st, 2017: As a precautionary measure, Lactalis Group has decided, in agreement with French Authorities, a further product recall, which includes all infant and nutritional products manufactured and packed in Craon factory since 2017/02/15. All other products manufactured in our other factories are safe and are out of the scope of recall.
We wish to extend our ......read more
People all over the world are looking to make their life better. Just by doing the day job it’s not possible for a certain individual to support their family. Every single day our expenses are facing exponential growth whereas our source of income stays the same. For this very reason, many people are always looking for alternative source of income. Many people eventually think to start a ......read more
Abu Dhabi-UAE: 19 December, 2017 – Abu Dhabi Quality and Conformity Council (QCC), the entity responsible for developing quality infrastructure in the emirate of Abu Dhabi, has expanded the scope of its Beautician Conformity Scheme to cover eight new professions.
The professions include general workers, hairdressers, hairstylists, barbers, nail technicians, nail enhancement technicians, ......read more
Sharjah, Sunday December 18, 2017: The Souq Al Haraj Showroom Public Auction, organized by the Emirates Auction, managed to raise Dh3.825 million for Sharjah Asset Management, the Investment arm of the Government of Sharjah, by leasing 12 showrooms.
The auction was held at the Sharjah Golf and Shooting Club on Saturday, and was attended by more than 500 traders and investors. Three ......read more
UAE’s leading financial institution wins Best Consumer Mobile Banking Global award at Digital Bank Conference in London
Dubai, UAE—18 December, 2017: Mashreq Bank, the UAE’s leading financial institution was presented with the Best Consumer Mobile Banking Global award at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, ......read more
Islamic financing facility focused on Omniyat’s largest hospitality project to date
Dubai, 18 December, 2017: Dubai-based developer Omniyat has signed a facility agreement with Ajman Bank for AED 500 million ($136m). The financing will be used for the construction of an iconic mixed-use project at Dubai Water Canal in Business Bay.
The project is a cooperative ......read more
NRIs can now apply for PAN Cards at UAE’s leading exchange house
Dubai, UAE, December 17, 2017: Al Ghurair International Exchange, part of UAE-based diversified conglomerate Al Ghurair, has announced an important new addition to its expanding portfolio of financial exchange offerings with their PAN Card application service for non-resident Indians in the Emirates.
Indian ......read more
Top level talks bring together leading authorities and private sector investors
Al Sarkal: Currently Sharjah is host to 50 Japanese companies, and we forecast this growth to hit a three digit figure at the very earliest.
Sharjah, UAE, 16 December, 2017: As Sharjah continues its extensive drive to build a wider global base of economic allies and investors, government entities, ......read more
Dubai, 14th December, 2017: Alpen Capital, an investment banking advisory firm, announced the publication of its report on the GCC Insurance Industry. The report showcases the current state of the insurance industry across the GCC nations while presenting the recent trends, growth drivers and challenges. The report also provides an outlook of the industry until 2021. It profiles some ......read more
Dubai-UAE: 13 December 2017 – The Ministry of Climate Change and Environment (MOCCAE) has issued a decision to withdraw the (Lactalis Craon Factory) French-made Infant Milk products from UAE markets due to Salmonella contamination.
Entities responsible for implementing the circular include the Abu Dhabi Food Control Authority and the municipalities of Dubai, Sharjah, ......read more
The first of its kind survey in the Middle East aims at gauging the ‘market sentiment’ and share the internal challenges faced by the downstream industry in the Gulf Cooperation Council (GCC).
UAE , Dubai, 12 December 2017 — According to the first Gulf Downstream Industry Survey, conducted in cooperation between the Gulf Downstream Association (GDA) ......read more
Dubai-UAE: 12 December, 2017 – Noor Bank, a leading Shari’a-compliant bank in the UAE, has been named a winner of the Critics’ Choice Best Islamic Retail Banking Brand Award at the Islamic Retail Banking Awards (IRBA) 2017. This is the second year in a row that the Bank has been honoured in this category at the event hosted by UK-based financial think tank Cambridge ......read more
Dubai, UAE, December 10, 2017: Coca-Cola has launched its latest product innovation in the Middle East, with the launch of smartwater at SoleDXB.
Smartwater was made available to consumers in the UAE for the first time at the three day street culture festival at D3.
Murat Ozgel, General Manager of Coca-Cola Middle East said of the launch: “We are very excited about ......read more
Dubai, UAE, December 7, 2017: Saxo Bank, the online multi-asset trading and investment specialist, has today released its 10 'Outrageous Predictions' for 2018. The predictions focus on a series of unlikely but underappreciated events which, if they were to occur, could send shockwaves across financial markets.
While these predictions do not constitute Saxo’s official ......read more
Dubai, December 5, 2017: Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced a 36% increase in sub-leasing contracts in its wholly-owned subsidiary Dubai Investments Park [DIP] – the unique integrated commercial, industrial and residential community in the Middle East, in the first nine months of 2017 ......read more
From China’s lead on electrification to a possible US recession and the irony of cryptocurrencies, Steen Jakobsen, Chief Economist, CIO & Co-head of Global Sales Trading at Saxo Bank Group previews what’s in store for global financial markets and Middle East growth next year
Dubai-UAE: 05 December, 2017 – Steen Jakobsen, Chief Economist, CIO & Co-head of Global ......read more
Expanded Portfolio Accelerates Business Transformation by Addressing Critical Talent Needs
Dubai, UAE – December 5, 2017 - Cisco announced it is expanding its learning portfolio with new business architecture training and certifications designed to accelerate the pace of business transformation, innovation and growth. Providing professionals with the latest skills, tools and ......read more
Dubai, UAE; December 04, 2017: Tristar Group celebrated the 46th UAE National Day as employees dressed in colors of the nation as a way of saying thank you to the UAE leaders and the people of this country where they have felt at home for many years. Sweets were distributed, and employees shared their personal stories of UAE that highlighted how so many people from different cultures and ......read more
Abu Dhabi, UAE – December 4, 2017: startAD, an innovation and entrepreneurship platform that supports startups in the UAE, is offering a diverse program of open events throughout the month of December 2017. All of the events listed below are open to the public and free to attend.
Al Warsha: Laser Cutting
Date: Monday, December 4
Time: 6:00 pm – 8:00 pm
Location: ......read more
Centrify eases multi-factor authentication through FIDO Alliance and enhances privilege controls for containers
Dubai, UAE, December 4, 2017 — Centrify, the leader in securing hybrid enterprises through the power of identity services, announced its Zero Trust approach to security. Zero Trust assumes that everything—users, endpoints, resources—is untrusted and must ......read more
Dubai, UAE, December 4, 2017: Amman, Jordan: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that AL-Thiqa Islamic Bank has gone live on the multi-awards winning system ICS BANKS ISLAMIC.
AL-Thiqa Islamic Bank chose ICS BANKS ISLAMIC to stay in the top of the list in this highly motivated banking market. the ......read more
Dubai, November 29, 2017: Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has raised foreign ownership limit in the company from the existing 35% to 49%. A proposal to this effect was approved by shareholders at the General Assembly Meeting held on Wednesday [November 29].
Raising the limit to 49% is part of a ......read more
Dubai, UAE, November 29, 2017: On the occasion of the 46 National Day of the United Arab Emirates, Mr. Kamal Vachani, Group Director and Hon. Regional Director of Electronics and Computer Software Export Promotion Council (ESC), extended his heartiest congratulations to President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, ......read more
UAE, November 28, 2017- Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, was named ‘Takaful Company of the Year’ at the 4th Middle East Insurance Industry Awards (MIIA) organized recently by the Middle East Insurance Review at the Ritz-Carlton, Dubai International Financial ......read more
Roundtable examines potential long-term business risks posed by lack of integrity practices
Abu Dhabi-UAE: 28 November, 2017: The Pearl Initiative, the leading Gulf business-led not-for-profit organisation promoting a corporate culture of accountability and transparency as a key driver of competitiveness, co-hosted a roundtable with global integrity and compliance risk firm, Red Flag ......read more
Abu Dhabi, UAE – 28 November 2017: Abu Dhabi Ship Building (ADSB) recently received two highly prestigious awards reflecting the high quality of its business operations and commitment to corporate social responsibility.
At the 14thedition of the Seatrade Maritime Awards covering the Middle East, Indian Subcontinent and Africa, ADSB won the “Enterprise Award” for ......read more
The accolade was awarded by Global Investor Magazine, which specialises in asset management, asset servicing and securities finance.
November 28, 2017, Dubai, United Arab Emirates: Barclays Private Bank has been named “Wealth Manager of Year” at the 2017 Global Investor/Euromoney awards for the fourth consecutive year.
The award, which was announced during the ......read more
Promotions span the retail banking products with multiple offers and prizes.
Dubai, UAE, 27 November 2017: Mashreq, the oldest privately held bank and leading financial institution in the UAE, has announced the launch of ‘How will #YOUAE celebrate’ campaign to commemorate the country’s 46th National Day. Celebrating #YOUAE will present a wide variety of promotions ......read more
UAE, Dubai, November 27, 2017: The Human Resources and Emiratisation Department at Union Coop, the largest cooperative in the UAE, revealed that it has hired around 30 Emirati men and women during the third quarter of 2017. This is part of Union Coop’s commitment to support Emiratisation efforts, and is motivated by its belief that human resources is an essential element in ......read more
United Arab Emirates, 27th November 2017: Xpress Money, one of the most dependable money transfer brands in the world, reported an average growth of 26% in the number of remittance transactions from UAE to Uganda over the last three years. The company has also seen a 28% increase in the volume of money being sent by expats in the UAE to their home country, Uganda.
For years, Xpress Money ......read more
The 2017 best parenting brands in the country decided through more than 114,000 votes from the general public
Dubai, UAE, 26 November, 2017: Johnson’s Baby Wipes were awarded “Baby Wipe Brand of the Year” at the annual Mother, Baby & Child Awards Ceremony. The 2017 edition of the Awards celebrated the 46 best UAE parenting brands in the UAE, as chosen by the ......read more
Dubai, UAE, 26 November 2017: Thomson Reuters and National Bank of Fujairah (NBF) announced today that they have partnered to offer tailored funding solutions to SMEs in the UAE through the Thomson Reuters Accelerate SME platform (http://acceleratesme.com).
Thomson Reuters Accelerate SME serves as the only digital gateway to the SME ecosystem in the MENA region. As the platinum ......read more
The Arab-Brazilian Chamber of Commerce (ABCC) announced that its stand at the 2017 edition of The Big 5, the Middle East’s leading civil construction industry exhibition, will feature five of its member companies. The Chamber’s stand will span 36 sqm and will feature sanitary ware maker Deca, ceramics manufacturer Angelgress, gates manufacturer PPA, pipes and fittings maker Tigre, and ......read more
Dubai, November 25 2017: Jafza, the Dubai flagship logistics hub of global trade enabler DP World, today announced that trade in steel and building materials reached AED 13.5 billion during 2016 with further increases expected as the free zone continues to develop services for companies in the sector.
Announcing Jafza’s participation in the Big 5 exhibition being held at the ......read more
Dubai, UAE, 25 November, 2017: The Dubai Free Zones Council and the Federal Tax Authority held the second edition of an informative workshop on value-added tax that will be implemented in the UAE starting from 2018. The event, which took place at the Dubai Police Officers’ Club, drew the participation of more than 1,000 representatives of companies operating across Dubai’s ......read more
Business Bay a key area for more land development says fäm Properties chief after company secured AED700 million plot deal
Dubai, UAE, 25 November 2017: The value of annual land sales in Dubai has risen by AED30 billion over the last five years, one of the emirate’s biggest real estate brokerages revealed today, identifying Business Bay as a key area for further growth.
Firas Al ......read more
The first day of the conference will see a key panel session comprising leading banking technology experts deliberating on the growing need for Islamic banks to re-engineer in order to address evolving customer needs in the digital era.
Dubai, UAE, November 22, 2017: Middle East Global Advisors, a leading financial intelligence platform facilitating the development of ......read more
TECHNAL®’s new non-fire rated curtain wall assembly with SIDERISE® perimeter fire protection successfully completes EN-1364-4 fire resistance test required in the UAE.
Dubai, UAE; November 22, 2017: Building fires are a major hazard to civilians and a cause of death globally with around six million people being seriously injured in fire accidents per annum resulting in over ......read more
United Arab Emirates, November 22, 2017 – Until recently, traditional retail banks were betting on nimble fintechs to up-end the industry. However, established technology firms – Amazon, Apple, Tencent and others – have emerged as the bigger, more immediate threat to retail banking as we know it.
Bain & Company, in its eighth annual retail banking study, ......read more
UAE, November 22, 2017 – Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has signed an agreement with IBMC Financial Professionals Group to provide Indians residing and working in the UAE to settle their monthly contributions to the Indian Government’s National Pension Scheme (NPS) in any of Al Ansari Exchange branches across the UAE.
The ......read more
Dubai (UAE):Hielo Beverages,the maker of premium and luxury beverages marks its entry into Dubai(UAE) market which under the flagship brand name PEAUR.The initial roll out will see company promoting their PEAUR Natural Mineral Water sourced at Himalyan Ranges in Northern India,Natural Sparkling Mineral Water and PEAUR Natural nectar Based Fruit Juices. Initially the company has tied up with ......read more
UAE, November 20, 2017 - Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, has announced that its CFO, Farah Arakji, placed third across all industries in the ‘Women in Finance’ category under the MENA CFO Awards held as part of the 11th CFO Strategies Forum MENA.
Developed in ......read more
The organisation was named ‘Best UAE Private Bank’ in the international category and ‘Best Private Bank’ in the GCC for its bespoke investment management platform
Dubai, United Arab Emirates, November 20, 2017: Barclays has earned two Best Private Bank accolades at the WealthBriefing GCC Awards 2017, emphasizing the bank’s continuous commitment to delivering ......read more
Inaugural Supply Chain Conference featured speeches by industry thought leaders on best practices in the supply chain
Dubai, United Arab Emirates - 19 November 2017: Al Naboodah Group Enterprises (ANGE), one of the UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, took a leadership role on supply chain best practices by hosting ......read more
Abu Dhabi, UAE, November 16, 2017: The Steel Alliance Against Counterfeiting (SAAC), a non-profit industry initiative of 18 reputable manufacturers of steel tubular products, organized an open conference during ADIPEC gathering notably EPC contractors, distributors, utilities and customs. It was the opportunity to sum up the results of the SAAC members joint efforts and discuss further ......read more
~Winter Promotion sees one winner each day walk away with AED 10,000~
Dubai, 15 November 2017: It’s time again to hear the bated breath and pounding hearts of enthusiastic customers at UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, as it launches its Winter Promotion 2017 where every day one lucky customer will walk away with AED ......read more
RAS AL KHAIMAH, 15 NOVEMBER 2017: Ras Al Khaimah International Corporate Centre (RAK ICC), has officially launched its Wills and Probate Registry (WPR) programme as part of a one-of-a-kind partnership with Dubai International Financial Center (DIFC), welcoming non-Muslims to register Wills that guarantee asset distribution and guardianship appointment according to their exact wishes. The ......read more
Technology partnership unlocks cost, productivity and speed benefits to cement Al Rawdah’s credentials as an innovation leader
Dubai, UAE – November 16, 2017: Emirates Modern Poultry Co., also known as Al Rawdah, has partnered with SAP to bring cutting edge technology to its UAE-wide operations. The partnership will see Al Rawdah implement SAP’s Enterprise Resource ......read more
Dubai, UAE, November 15, 2017: Thales has today announced its plans to establish a dedicated United Arab Emirates Defence Service Centre in Abu Dhabi, with the goal of being closer to its customers and to offer a consolidated suite of services. The Defence Service Centre will bring together and develop the existing UAE based Thales expertise. The Centre will also provide training and ......read more