The show will highlight and provide details on waste management, water management, green building, sustainable cities and communities, economic growth and clean energy.
Dubai, UAE March 23, 2017: The UAE has become a pioneer in environmental and sustainable work, under the wise vision of its leadership that foresees the future and believes in the ability to achieve the impossible. In lieu of the same, the inaugural edition of ‘Future Cities Show’ in Dubai, UAE, which runs from April 2nd - 4th at Dubai World Trade Centre, will shed light on six core elements of sustainability.
Held under the theme ‘Sustainability, Innovation and Happiness’, Future Cities Show is a global platform for companies and organisations engaged in developing an advanced infrastructure all over the world. It will attract big ......read more
Dubai, United Arab Emirates, 23 March 2017: ENBD REIT (CEIC) Limited (“ENBD REIT”), a Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited (the “Fund Manager”), has announced that its ordinary shares have been admitted to the Official List of Securities of the DFSA and to trading on Nasdaq Dubai (“Admission”) under the ticker symbol ENBDREIT.
ENBD REIT offered 94,594,595 ordinary shares (the “Offer”) to institutional investors at a price of US$ 1.11 per ordinary share. Gross proceeds of the Offer amounted to approximately US$ 105 million, before the deduction of commissions and other fees payable by or on behalf of ENBD REIT in connection with the Offer. The Fund Manager intends to use the proceeds of the Offer to fund ......read more
Foreign direct investment in Russia surged to $8.3 billion during 2016, more than the $5.9 billion as reported for 2015, according to central bank data
Explore big investment opportunities in the Russian capital city of Moscow at the Annual Investment Meeting (AIM) 2017
Dubai, March 23, 2017: Foreign direct investment in Russia surged to $8.3 billion during 2016, more than the $5.9 billion as reported for 2015, according to central bank data. The country is becoming a safe haven for investors amid economic and political uncertainty in Europe. It’s relatively low sovereign debt to GDP ratio and large gold and foreign currency reserves, have enabled the country to retain the interest of foreign investors. In addition, the Russian authorities are doing everything possible to create the most comfortable conditions for foreign ......read more
Veteran consumer electronics professional Taro Kimura outlines growth strategy across television, camera and headphones segments
Dubai, UAE, 23 March 2017: Sony Middle East and Africa (MEA) has unveiled a new business strategy that aims to increase its regional presence and grow business by 20 per cent in 2017.
Driving Sony MEA’s strategy, new managing director Taro Kimura will achieve this vision through new product launches and a refreshed business development strategy that will place the company and its business partners in a strong position to gain market share in the company’s focus categories, which are television, digital imaging and audio products. Sony MEA is looking to grow television sales by 26 per cent, audio product sales by 11 per cent and achieve a 52 per cent sales growth in its ......read more
New platform for cyber intelligence sharing is among the steps proposed to make the banking system more robust
Dubai, UAE, March 22, 2017: The CEOs Advisory Council of the UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE, met in Dubai today (March 22, 2017) to discuss latest developments in the banking sector in UAE. The meeting was chaired by H.E. Abdul Aziz Al Ghurair, Chairman of UBF.
Sharing his views on the state of the banking industry, H.E. Al Ghurair said, “The banking sector continue to adapt fast to both global and regional economic challenges and new opportunities, and relative slowdown witnessed is good for the long-term health of the banking sector, as it encourages players across the industry to place greater emphasis on innovation to ......read more
Dubai, 21st March, 2017: People’s Leasing & Finance PLC, a market leader in the leasing and finance industry in Sri Lanka successfully raised a USD 35 million Medium Term Facility from the Middle East market.
The three year US Dollar term loan facility has been funded by way of a Club Deal by the National Bank of Ras Al Khaimah (RAKBANK) for USD 20 million and Union National Bank PJSC for USD 15 million. Alpen Capital (ME) Limited, an investment banking advisory firm, also based in the UAE acted as the sole financial advisor to the transaction.
People’s Leasing & Finance PLC will utilise the funds to support general business development and growth.
A signing ceremony was held in Colombo, Sri Lanka on 20th March, 2017 with the management teams of People’s Leasing & Finance PLC, ......read more
Commission elects new steering committee for two-year term
Emirates Islamic CEO Jamal Bin Ghalaita appointed to ICC Banking Commission’s Executive Committee
Dubai, UAE, March 21, 2017: The International Chamber of Commerce UAE chapter’s (ICC-UAE) Commission on Banking recently held a meeting in Dubai, where its members approved the ICC-UAE’s programme of action for 2017.
During the event, plans and objectives for 2017 were presented and discussed, while members elected a new steering committee for a two-year term.
In his opening speech, Mr. Hassan Al Hashemi, Secretary General of ICC-UAE, highlighted the ICC’s mission to promote trade, investment and the market economy, and expressed his view that trade is a driving force behind peace.
Mr. Al Hashemi revealed that the ......read more
Mr. Bin Sulayem: Jafza provides commercial and logistical support to US companies to ensure growth and prosperity
Commercial Attaché: UAE’s strategic location and infrastructure unmatched.
US-UAE Business Council: $25.74 billion of trade between US and UAE in 2016.
Dubai, United Arab Emirates, 21 March, 2017: Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa has organised a business forum for US companies operating in the free zone to strengthen cooperation and to explore opportunities in a range of major sectors in the Middle East and African region. Details of the companies’ expansion plans and their needs for Jafza to enhance infrastructure and increase efficiency were also discussed.
The forum was attended by ......read more
Dubai, March 21, 2017: Doha Bank, one of Qatar’s largest private commercial banks, was honored “company of the year award” by Qatar University on 20th March. On receiving the Award from Dr. Hassan Rashid Al-Derham, President of Qatar University, Dr. R. Seetharaman, Doha Bank CEO said the award was given for Doha Bank’s contribution to sustainable development in Qatar. He said” Doha Bank believes in Qatar National Vision (QNV) 2030 which aims to direct Qatar towards a balance between developmental needs and the protection of its natural environment, whether land, sea or air. The QNV 2030 includes an emphasis on establishing an effective legal framework and the environmental institutions that can serve as the guardians of Qatar’s environmental heritage. The QNV 2030 also emphasizes the importance ......read more
Dubai, UAE, March 21, 2017: Infomineo, the leading market research company has just released a new report that focuses on multinationals looking at entering or are already present in the Middle East and Africa region. Overall, there was a 17% increase in the number of companies in MEA in 2016 compared to 2015, with Dubai being the leading destination for regional HQs by far.
Over 150 participants in attendance from leading regional businesses, stock exchanges, banks and regulatory bodies
Industry experts participated in panel discussions and debates including Rashid Al Mansouri, CEO of Qatar Stock Exchange; Nikhil Rathi, CEO of London Stock Exchange; Ahmed Aweidah, CEO of Palestine Exchange; Yarub Awadh Albadi, Head of IPO Unit at Capital Market Authority KSA; Ahmed Saleh Al Marhoon, Director General of Muscat Securities Market and Abdul Aziz Emadi, Listing Director at Qatar Stock Exchange
March 20, 2017, Dubai, UAE: The Arab IPO Summit 2017, organised by UMS conferences, was recently held at the Sheraton Creek Hotel in Dubai. A host of leading global companies and exchanges were in attendance to discuss key issues impacting the region’s IPO market, how companies can grow capital and ......read more
Impact BBDO Middle East, Africa and Pakistan awarded with prestigious ‘Network of the Year’ and impact BBDO Dubai with ‘Agency of the Year’ award at Dubai Lynx Awards
Dubai, March 19, 2017 – This year’s Dubai Lynx Awards were a triumphant evening for Impact BBDO Middle East, Africa and Pakistan, that saw the group taking home a total win of 40 trophies and culminating in the prestigious ‘Network of the Year’ title.
In addition, Impact BBDO Dubai took home the coveted title of ‘Agency of the Year’ for the second year in a row.
The Dubai Agency was honoured for a variety of successful campaigns for clients including Loto Libanais, Centrepoint, Visa, PepsiCo, KFC, Mars and Etisalat.
Impact BBDO’s Pakistan, Egypt and Lebanon offices were also recognised ......read more
Abu Dhabi, 19 March, 2017: ADNOC Distribution hosted an event to honour the winners of its ‘Oasis of Surprises’ promotional campaign, which gave customers of ADNOC Oasis convenience stores a chance to win a total of 295 prizes worth AED1 million. The company conducted the second and final draw of the campaign at the end of February.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, and a number of senior ADNOC Distribution officials welcomed the grand prize winners, who received two brand new BMW 318i cars, two LG 65-inch UHD TV sets and one Etihad Holidays luxury package to Seychelles for two people.
The lucky winners included three women and two men from different nationalities. While the two brand new BMW 318i cars went to an Emirati man and a Jordanian woman, the Etihad ......read more
Senior Officials Attend Opening Ceremony at MENA Headquarters in Dubai Internet City
Investment to Include New UAE Cloud Data Center
DUBAI, United Arab Emirates – 17 March 2017: SAP SE today announced a five-year USD 200 million investment in the UAE, underpinning objectives outlined by the UAE Vision 2021 plan to create economic diversity and jobs for youth.
Senior officials participated in the official ribbon-cutting VIP ceremony and inaugurated the new SAP MENA headquarters in Dubai Internet City.
Ammar Al Malik, Executive Director, Dubai Internet City (DIC), said: "We are delighted to be formally inaugurating the new SAP MENA Headquarters in Dubai Internet City. Throughout the years, DIC has witnessed SAP's phenomenal growth in Dubai and the region, and the inauguration of their MENA ......read more
Dubai, UAE, March 16, 2017: ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, will be exhibiting at the Sub‐Saharan Africa Islamic Finance Convention & Innovation 2017 in Uganda, which is a new frontier of opportunity of Islamic ﬁnance expansion in the region, and will be held at the Sheraton Kampala Hotel, on the 6th of April 2017.
The purpose of the Sub-Saharan Africa Islamic Finance Convention is to build on the gathering’s position as a strong platform for the growth of the industry that will not only help to establish Uganda as an exciting investment destination but also enable the development of the broader Sub-Saharan market. The expansion of Islamic ﬁnance in the region is providing new growth opportunities and propelling faster ......read more
Dubai, March 16, 2017: Doha Bank, one of Qatar’s largest private commercial banks, was named the Best Trade Finance Bank in Qatar at the Global Finance Awards 2017. Awarded by the Global Finance magazine, the annual award is considered one of the most prestigious in the banking and finance world, and recognizes leading trade finance providers in 9 regions and 84 countries around the world.
Doha Bank was chosen for the coveted honor based on input from industry analysts, corporate executives and technology experts. In addition, a poll of Global Finance’s readership was conducted in order to increase the accuracy and reliability of the results.
“We are honored to receive this prestigious award,” said Dr. R. Seetharaman, CEO of Doha Bank. “It is a matter of pride for us that Doha Bank was ......read more
Emirates Institute for Banking & Financial Studies hosts FinTech 2017, bringing together specialists from global academic and financial establishments
Dubai-UAE: 16 March, 2017: The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, lately examined the role of technology in banking and financial services, latest fintech applications, and highlighted emerging global trends as well as the inherent opportunities and risks in the field.
The institute hosted the FinTech 2017 conference that welcomed more than 25 industry specialists from prominent local and global academic and financial establishments including Citibank, Beehive, North Wales Business School, and Khalifa University. Comprising six lectures, the one-day conference touched upon a variety ......read more
H.E. Khaled Abdulla Al Qubaisi appointed Chairman of the Board
Abu Dhabi, UAE, 16 March 2017: The Barakah One Company (BOC), a subsidiary of the Emirates Nuclear Energy Corporation (ENEC) and the Korea Electric Power Corporation (KEPCO), held its first General Assembly today and announced the members of its Board of Directors. Led by the Chairman of the Board, H.E. Khaled Abdulla Al Qubaisi, BOC is responsible for the commercial and financial interests of the Barakah project.
The Board members of Barakah One Company are:
H.E. Khaled Abdulla Al Qubaisi, Chairman
H.E. Mohamed Al Hammadi, Vice Chairman
H.E. Khalifa Al Suwaidi, Member
H.E. Mohammed Sahoo Al Suwaidi, Member
Mr. Park Jong Hyuck, Member
Established as a Joint Venture Company, BOC is a part of ENEC’s new corporate ......read more
According to latest report developed by DSOA in collaboration with Thomson Reuters
30 free zones across 18 cities worldwide support Islamic economy activities
Free zones contribute US$55 billion to Islamic economy in 2015
Contribution expected to reach US$117 billion by 2021
Dubai, UAE: March 16, 2017: Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, today announced the findings of the Free Zones Outlook Report, developed in collaboration with Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals.
The report, launched at a joint press conference held yesterday at Dubai Technology Entrepreneur Centre (DTEC), a wholly owned technology incubation centre by DSOA and the largest of ......read more
Awarded by US Green Building Council
Bin Shafar: ‘Empower’s strategy focuses on further efficient use of eco-friendly technologies’
Dubai, UAE, 16 March 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, has achieved LEED Gold Certification from the US Green Building Council for its 3rd cooling plant located in Business Bay in Dubai. Receiving this certificate honors Empower’s efforts to preserve the environment as the company is always keen to keep its projects up to the international standards at a time Empower’s work goes in line with the US Green Building Council strategy to promote green buildings globally.
Empower’s3rd plant getting this certificate shows the company’s commitment to adopt most ......read more
Dubai – UAE, 15 March 2017 - Mashreq Bank, the leading financial institution in the UAE, strengthens its position as a pioneer in customer centric innovations, by launching the first ever green energy mobile ATM vehicle in the region.
The new mobile vehicle is the perfect solution to access ATM related services by customers during events and trade shows. The vehicle has a custom fabricated Mercedes Benz Sprinter, and is the first ATM vehicle to comply with the new international security standards.
The key feature of this innovation is the use of solar power and battery solutions that controls the ATM machine and air-conditioning up to 12 hours. It includes 6 solar panels, producing 900 watts of energy for charging the machine during daylight hours. The vehicle also features digital displays promoting ......read more
Group to open 30 stores in 5 years
5000 employees from 260 nationalities will work with Paris Gallery
Total projected retail areas to reach 3.2 million square feet by 2021
Dubai, UAE, March 14, 2017: The Paris Gallery Group of Companies has announced its five-year plan (2017-2021) aimed at strengthening its retail presence in the GCC region in particular and the Middle East region in general.
Paris Gallery has also announced a well-researched strategic expansion plan that includes opening 30 new stores for the Group’s various brands and subsidiaries. The expansion plan will take the total number of Paris Gallery stores to 116 stores by 2021. To date, Paris Gallery’s existing stores number 86 branches across the UAE, KSA, Qatar, Bahrain, Oman, Iraq, Azerbaijan and other countries.
The Group’s ......read more
Dubai, United Arab Emirates, 14 March 2017: For the third year in a row, VMware, Inc. (NYSE: VMW) is one of the 2017 Fortune 100 Best Companies to Work For, according to global research and consulting firm Great Place to Work and Fortune.
The list, which is based on employee ratings of their workplace culture, including the level of trust they feel towards leaders, the pride they take in their jobs and the camaraderie they experience with co-workers.
Within the list, VMware was highlighted:
No. 9 of companies located in the San Francisco Bay Area
No. 9 of information technology companies
The field of potential competitors for the list is large. Any company that is at least five years old with more than 1,000 U.S. employees is eligible.
Judges base their selections on two components: an evaluation of each ......read more
Bayt.com Survey Reveals the Latest Economic and Financial Conditions in the Middle East
Dubai, UAE, 13 March 2017: The latest results from the Middle East Consumer Confidence Index survey carried out by Bayt.com, the Middle East’s number one job site, and YouGov, research and consulting organisation, indicates that nearly three quarters of UAE respondents expect the business conditions in their country to “improve” within the next year. Furthermore, the bigger proportion of UAE respondents (58%) expect their country’s economy to “improve” within the next six months.
National Economic Conditions
61% of respondents the UAE believe that the country’s economy has either “improved” or “remained at the same level” during the past six months. When asked about future ......read more
Dubai, UAE, March 13, 2017: Splash has been officially once again recognized as one of the ‘Top Companies to Work for in the UAE’ in 2017 by Great Place to Work®, a global research, training and consultancy firm that identifies the best workplaces in over 50 countries worldwide.
The official list, which was announced during an awards ceremony on 7 March 2017 at the W Dubai Al Habtoor City, Splash was ranked number 3 of the nation’s 24 best employers based on the confidential feedback of employees and an audit of management policies and practices.
What sets Splash apart fundamentally are our strategically built Happiness programs such as Work-Life Balance, Hello HR (a platform to voice opinions/ feedback). Meet the CEO, Retail Employees Day, Be Nice, and Top Guns (Employee Development Program). ......read more
Abu Dhabi, UAE, February 16, 2017: BAE Systems’ participation at IDEX 2017 is built around a range of technologically enhanced defence solutions across land, sea, air and cyber. These technologies provide capabilities to provide sophisticated and resilient protection for people, national security, critical infrastructure and borders.
BAE Systems’ Regional Managing ......read more
Ras Al Khaimah – UAE, 16 February 2017: Ras Al Khaimah Chamber of Commerce and Industry hosted a high-level Belgian delegation led by Pieter De Crem, Belgian Secretary of State for Foreign Trade, to explore investment opportunities, enhance economic relations between both sides and bolster means of cooperation.
The meeting was part of the Belgian delegation’s visit to ......read more
2017 partners include Marriott International, MBC, General Electric, Bayt.com and Deloitte
Launch follows successful 2016 edition which resulted in over 11,500 applications and the creation of 100 private-sector internships
UAE, Dubai - 16th February, 2017: INJAZ Al-Arab, the regional office of Junior Achievement Worldwide, today launched the second edition of its highly successful ......read more
According to Universum’s Most Attractive Employer Rankings 2016
EY considered the most attractive employer among the Big 4 in the UAE, Saudi Arabia, Qatar and Kuwait
EY ranked second in Egypt and third in Lebanon among the Big 4
Results highlight EY’s commitment to developing the region’s future business leaders
Dubai, 15 February 2017: EY was named ......read more
UAE, February 15, 2017 - The Arab Brazilian Chamber of Commerce has announced that Brazil will participate at International Defence Exhibition and Conference (IDEX) 2017, the latest edition of the region’s only event dedicated to unmanned systems and technologies taking place from February 19 to 23, 2017 at the Abu Dhabi National Exhibition Centre. The Brazilian Defense and Security ......read more
DUBAI, February 15, 2017: The Abdulla Al Ghurair Foundation for Education and the World Bank Group announced today a new strategic partnership focused on improving the quality and relevance of education for Arab children and youth.
The partnership will be guided by the Education for Competitiveness initiative, or E4C, developed jointly by the World Bank Group and the Islamic ......read more
Dubai – 14 February, 2017: Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation, said: “Many regions around the world are witnessing growth in inter-country trade values, which partially offsets the slowdown in global trade. The growth of inter-regional trade in South America and Africa reflected positively on DP ......read more
UAE, February 14, 2017 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional engineering and services leader, reported today, its preliminary un-audited financial results for the fiscal year ended December 31st 2016.
Against the backdrop of the significant liquidity challenges in the regional construction sector, the ......read more
The leading business support service provider for corporate entities in Saudi Arabia
Providing turn key solutions for companies working within or looking to set up in the Kingdom of Saudi Arabia
Specialising in range of services from corporate immigration to company representation and employee outsourcing
Dubai, 14 February 2017: Founded in 2009, Proven delivers ......read more
UAE, February 13, 2017– Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced its participation in the 19th edition of the National Career Exhibition taking place from February 15 to 17, 2017 at the Sharjah Expo Centre. Through its presence in the specialized show that integrates national manpower into the UAE’s workforce, the company ......read more
UNCTAD’s World Investment Report 2016: FDI inflows to developing economies reached a new high of $765 billion in 2015, 9 per cent higher than the previous years:
Key development, trade, investment challenges and global trade and political trends will be among the agenda items to be discussed at the Annual Investment Meeting
Dubai, UAE, 13 February 2017: According to ......read more
24/7 Instant real-time inter-bank electronic funds transfer system to India
12 February 2017 – Dubai: Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, has announced the launch of the IMPS Service (Immediate Payment Service) for India through IndusInd Bank. IndusInd Bank facilitates Indians in UAE to transfer funds instantly and ......read more
Dubai-UAE: 12 February, 2017: Dubai Wholesale City, the global integrated wholesale trading hub and member of TECOM Group, hosted an exclusive Innovation in Trade forum at its headquarters in Dubai Studio City. The event convened experts to discuss latest advances and trends in the wholesale trading sector and identify the steps necessary to shape a smart city platform in line with the ......read more
Technology, Financial and Geopolitical Risks Dominate MENA Risk Profile
Dubai, United Arab Emirates – 12 February 2017: Marsh & McLennan Companies Inc. (NYSE: MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, is a strategic partner of the newly published 2017 Global Risks Report, an annual publication released by the ......read more
SANAD Capital gets development approval for phase one of its billion dirham investment in Australia
Najibi ME, Dubai announced plans to restructure some of its business interests further under its newly established Najibi Investments LLC. The move comes on the heels of receiving development approval for the company’s landmark investments in Australia’s leisure, entertainment and ......read more
Abu Dhabi, 12 February 2017: Al Hilal Bank announced the dividend payout of its flagship fund, Al Hilal Global Sukuk Fund. The Fund, which was launched in March 2012, distributed a 3.83% dividend to all registered unit holders as of January 24th, 2017.
Al Hilal Global Sukuk Fund’s objective is to generate a regular stream income as well as achieve capital growth by investing in a ......read more
UAE, February 11, 2017– DuPont, a leading innovation and market-driven science company, is set to participate in the upcoming Middle East Electricity show to be held from February 14 to 16, 2017 at the Dubai World Trade Center. During the world's leading power event featuring power generation, lighting, and renewable and nuclear energy, DuPont will focus on showcasing its new Nomex® ......read more
Leading international brands turn to Paperworld Middle East 2017 to boost regional exports
Dubai, UAE, February 11, 2017: International suppliers of stationery and office supplies are turning to the Middle East and Africa (MEA) for future business growth, with the UAE presenting itself as the ideal gateway to access hard-to-reach markets.
Growth in the global stationery and office ......read more
Dubai, February 09, 2017: Doha Bank, a prime and progressive bank in Qatar has been recertified the coveted ISO 20000-2011 certification for its continuous compliance to global standard for IT Service Management. Doha Bank was the FIRST organisation in the GCC to have achieved the ISO/IEC 20000 certification in 2007 and still remains the ONLY financial organisation in Qatar to be ......read more
ADNEC venues welcomed 1.5 million visitors across 480 local and international events
Her Excellency Noura Al Kaabi: 2016 results validate ADNEC’s support for Abu Dhabi's ambitious economic diversification plan and business tourism growth
Humaid Matar Al Dhaheri: ADNEC Group demonstrated high flexibility in responding to prevailing economic challenges
Number of ......read more
The largest senior unsecured Sukuk issuance globally by a financial institution with a strong order book of USD 2.2 billion
Dubai, UAE; February 8, 2017: On Tuesday, 7th February 2017, Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The US$ 1 Billion Sukuk was issued with a 5 year tenor, maturing on 14th ......read more
Dubai, UAE, February 8, 2017: Baghdad, Iraq: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that Al-Arabiya Islamic Bank, a newly established Bank located in Iraq, selected the multi-awards winning system ICS BANKS® ISLAMIC System.
The signing ceremony took place in Amman Jordan Attending the ceremony ......read more
Dubai, UAE, February 07, 2017: Last year was a record year for M&A in the utilities sector globally, with total deal value reaching €329 billion, according to A.T. Kearney’s new report Mergers and Acquisitions in Utilities 2017. And, the report finds, this trend is expected to continue in 2017, as investors take on an active role to remodel the industry.
This ......read more
du and University of Sharjah will collaborate on 5G & IoT development and Cloud Computing
Dubai, UAE, 7 February 2017: du and University of Sharjah signed a Memorandum of Understanding (MoU) to further collaborate on 5G and the Internet of Things (IoT) development as part of the UAE 5G Innovation Gate (U5GIG). du is taking the lead to build a UAE 5G and IoT Innovation Lab at techno ......read more
Dubai, 07 February, 2017, UAE: Smartworld, UAE’s leading systems integrator and next generation ICT services provider, has signed an investor partnership agreement with Dubai Quality Group (DQG) which will focus on mutual cooperation toward encouraging quality, business excellence, innovation, technology performance, and leadership in innovative technologies.
The partnership ......read more
Abu Dhabi, February 7, 2017: GlassQube Coworking and New York University Abu Dhabi (NYUAD) have signed a Memorandum of Understanding (MoU) aimed at developing the SME (small to medium enterprise) and startup ecosystem in Abu Dhabi.
This MoU follows the 2016 launch of GlassQube Coworking, a unique initiative which offers a range of flexible work spaces to suit the needs of local ......read more
UAE – 7 February 2017– Panasonic Avionics Corporation (Panasonic), the world leader in inflight entertainment and communications (IFEC), unveiled a new state-of-the-art facility at Dubai Airport Freezone serving more than 85 airlines from 52 countries located across the Middle East, Central and Southern Asia, and Africa (MECSAA).
Centrally located in Dubai, the 148,000 square foot ......read more
UAE, February 6, 2017- The Arab-Brazilian Chamber of Commerce (ABCC) has registered impressive numbers that documents the remarkable performance of Brazilian - GCC trade for the year 2016. Throughout the year, Brazilian imports for GCC countries amounted to USD 2,670,560,242 while Brazilian exports for GCC countries amounted to USD 6,050,563,498. The numbers are reflective of the strong trade ......read more
Dubai, UAE, February 6, 2017: BinHendi Enterprises, one of the region’s most diversified, progressive and successful conglomerates, is delighted to be awarded the Goal Achiever Award for the year 2016 awarded from Landscape Structures Inc. based in the USA. As a proud partner, BinHendi Enterprises manages LSI in the UAE, a leader in inclusive and sensory play which encourages children ......read more
February 06, 2017 - Cognizant (NASDAQ: CTSH) announced that it has been selected by Riyadh International Catering Corporation (RICC) as a strategic partner to enable McDonald’s restaurant chain in the Kingdom of Saudi Arabia (KSA) to become a digital enterprise, transforming customer experience and service agility.
RICC owns and operates McDonald’s in the Central, Eastern and ......read more
February 05 2017, Dubai, UAE: The second Arab IPO Summit will be held between 14th–15th March, 2017 in Dubai. This year’s gathering of capital market authorities, financial exchanges, regional companies and banks, will highlight the critical aspects for the implementation of successful IPO (Initial Public Offerings).
As regional economies are currently diversifying away from their ......read more
Empowering customers to securely manage their mobile banking transactions – ‘Block By Country’ & ‘Block By Merchant Category’
Dubai – UAE, 5th February 2017: Mashreq, the market leader in innovation, has recently added two new advanced safety features to its Card Control service, integrated to its award-winning mobile banking app – ......read more
Dubai, 5th February, 2017: Lanka ORIX Leasing Company PLC (“LOLC”), Sri Lanka’s second largest non-banking financial institution by asset size, acquired a 50.1% equity stake in Pak Oman Microfinance Bank Limited (“POMB”) by way of a Primary Issuance of shares by POMB. POMB is a Pakistan based micro finance bank promoted by the Government of Oman (67% shareholding) ......read more
February 05, 2017: Late last year, EastNets, innovator in financial compliance solutions and services, concluded a significant strategic partnership with Dow Jones, the global leader in data intelligence. The partnership, a significant upgrade to EastNets’ filtering solution, gives a global client base access to one of the most extensive global databases of financial crime watch ......read more
San Diego, U.S.A. – DistribuTECH 2017 – Building on the strategic alliance between Siemens and Bentley Systems that was made public in November 2016, Siemens’ Energy Management Division and Bentley Systems have announced an agreement to jointly develop solutions to accelerate digitalization of planning, design, and operations for power utilities and industrial power customers. ......read more
Dubai, UAE, February 2, 2017: Hamdan bin Rashid Al Maktoum Award for Distinguished Academic Performance signed an investor partnership agreement with Dubai Quality Group (DQG) to activate fruitful cooperation between both parties to foster quality, business excellence, innovation, education performance, and leadership in the education sector
The signing ceremony was attended by ......read more
February 02, 2017: Football legend Dwight Yorke and Peter Schmeichel, one of the greatest goalkeepers of professional British club Manchester United visited the Swissquote Bank head office in Downtown Dubai today (February 2, 2017). Swissquote Bank, the Swiss online bank and FX marketplace, has been a global partner of Manchester United since 2015 and is the club’s first Official Global ......read more
Annual Investment Meeting (AIM) 2017 to tap into space technologies
Dubai, United Arab Emirates, 2 February 2017: Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, the 7th edition of the ‘Annual Investment Meeting’ will be held on April 2-4, 2017 at the Dubai World Trade Centre under the theme of ......read more
Dubai, February 2, 2017--DuPont revealed the latest innovations utilized for its newest range of protective gear for firefighters during its recent participation at the Intersec Fire Safety Conference, an interactive conference addressing prevention, detection, rescue and emergency planning for all fire related accidents.
In line with this, DuPont threw the spotlight on some of its latest ......read more
EFS’ ongoing contracts portfolio reaches all time high of AED 3.5 Billion across MENA, South Asia and Turkey
Dubai, UAE, February 2, 2017: EFS Facilities Services, a regional leader in delivering integrated facilities management services across the Middle East, Africa, South Asia and Turkey, today announced major contract wins worth AED 450 Million in UAE and Qatar. The ......read more
STC moves up the ranks to assume the position of most valuable brand in The Middle East
Emirates retains most valuable brand position in the UAE
Etisalat rises 113 places with 45% increase in brand value
Qatar National Bank enters the list for the first time with 56% increase in brand value
Apple falls from world’s most valuable brand after 5 years at the summit
Dubai, UAE, ......read more
Ushers in exciting new era with 250,000 sq.ft. multiservice premises
Dubai, UAE, February 1, 2017: Delta Group has announced the inauguration of a new multi-service facility which will host several of its subsidiaries. Located in Dubai’s National Industries Park (NIP), the 250,000 sq.ft. facility will offer a comprehensive range of end-to-end solutions under one roof. This includes ......read more
Abu Dhabi, February 1, 2017: Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the year ended 31 December 2016.
Financial highlights (31 December 2016)
Strong underlying performance and efficiently managed cost base resulting in higher revenues
(2016 vs. 2015)
Operating profit before impairment ......read more
Note: The following information is a trading statement based on unaudited management accounts for Full Year ended 31 December 2016.
Overall group revenue up 9% year-on-year to AED 29.9 billion for full year 2016
EBITDA up 8% at AED 4.1 billion
Commenced construction of the 103,000 sqm City Centre Almaza, Cairo and Aloft Hotel, City Centre Deira and began expansions at City Centre ......read more
UAE, January 31, 2017- The Dubai Airport Freezone Authority (DAFZA) is showcasing its comprehensive corporate packages designed to drive regional and global business growth during its participation at Arab Health 2017, the latest edition of the Middle East’s largest healthcare exhibition and medical congress running from January 30 to February 2, 2017 at the Dubai International Convention ......read more
Dubai, UAE, January 31, 2017 – Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, has revealed that it will invest AED 60 million this 2017 to achieve growth via targeted acquisition of local firms. The announcement was made during a press conference held today (Tuesday, January 31, 2017), at the Jumeirah Zabeel Saray, Palm Jumeirah in Dubai where ......read more
Dubai, January 29, 2017: Doha Bank was honoured with the ‘Best Commercial Bank Qatar, 2016’ in the Commercial Bank Category at the International Finance Magazine (IFM) awards 2016. The ceremony was held at the JW Marriott Marquis hotel, Dubai on 26th January 2017, and the award was received by Mr. Alaga Raja, Head of Doha Bank’s Abu Dhabi Branch. The IFM Awards 2016 ......read more
Sustainability scorecard provides a baseline on the Group’s economic, environmental and social impact
40% of turnover spent on local suppliers
Target of 3.5 to 5% reduction in energy consumption
Employee engagement rate of 95%, with an attrition rate lower than UAE average
Target of 10% increase in office-based female employees
Targeted Emiratisation recruitment ......read more
The initiative aims to promote financial Literacy among young adults in UAE
Dubai, UAE, January 30, 2017: In line with its mission to promote financial literacy among the country’s youth and young adults, the UAE Banks Federation (UBF), a professional body representing 49 banks in the UAE, hosted last December and for the first time a Financial Literacy Competition for university ......read more
Brand evolution to translate company’s commitment to contribute to Dubai Plan 2021
New look and identity reflects the vibrancy and diversity of Dubai
DUBAI, United Arab Emirates; 30th January 2016: Meraas has today revealed its new brand system that serves to reflect the company’s drive, and link all of its destinations. The new brand embodies an expression of what the ......read more