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Featured in Banking and Investments
Doha Bank Hosts Its Annual ‘Beach Clean-up' Event to Celebrate the Earth Day in Collaboration with the Ministry of Municipality and Environment and the Al Wakra Municipality

Dubai, April 24, 2017: Continuing its efforts to spread the message of environmental protection and sustainable living, Doha Bank joined hands with Qatar’s Ministry of Municipality and Environment (MME) and the Al Wakra Municipality to host a ‘Beach Clean-up’ event at Al Wakra Beach, under the theme ‘Save The Beaches For The Future’ to show its commitment to the environment and in celebration of the Earth Day global event on 22nd April 2017. Aimed at creating greater community awareness about the need to protect and preserve the natural environment and keep the marine habitat safe and trash-free, the Beach Clean-up event was led by Doha Bank’s Management and volunteer staff members who actively picked up litter and trash collected along the shoreline.  Commenting on the event, Dr. R. ......read more

Wealth protection and creation are integral part of growing banking business models

Dubai, April 23, 2017:  Doha Bank hosted a knowledge sharing session “enhancing customer value through wealth management” on 19th April 2017 at its Doha Bank Auditorium in Doha Qatar. The Guest of honour at the event was Qatar Exchange CEO, Rashid Bin Ali Al Mansoori. The Speakers at the event include Mr. James' Robertson, Head of Corporate and Wealth Managing Partner Taylor Wessing LLP, Mr. Fahmi Algussein, CEO, Amwal, Mr. Rami Jamal, Portfolio Manager, Amwal and Mrs. Nicole Perry Associate Director of Investment, Grant property. Dr. R. Seetharaman, CEO of Doha Bank gave the concept note. He said “According to IMF April 2017, Global growth is projected to rise from 3.1 percent in 2016 to 3.5 percent in 2017. Advanced economies are now projected to grow by 2 percent in 2017. Emerging and developing economies ......read more

Doha Bank achieves 2.9% profit growth with impressive ratios

Dubai, April 19, 2017: His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, announced Doha Bank's financial results for the first quarter of 2017. Net profit for the first quarter of 2017 recorded an impressive QAR 364 million as compared to QAR 354 million for the same period in 2016 showing an increase of 2.9%. H.E. Sheikh Fahad said “This is another outstanding result and is clear demonstration that Doha Bank continues to perform consistently.” The Bank increased net operating income by 1.0% to QAR 724 million. Total assets increased by QAR 6.1 billion, a growth of 7.2%, from QAR 84.6 billion as at 31 March 2016 to QAR 90.7 billion as at 31 March 2017. Net loans and advances increased to QAR 59.5 billion as at 31 March 2017 from QAR 56.8 billion for the same ......read more

UBF Hosts Meeting with SWIFT's Regional Chief Executive to Discuss Key Payments and Cybersecurity Issues Facing the UAE

April 20, 2017 - Dubai, UAE: The UAE Banks Federation (UBF), a professional body representing 49 member banks operating in the UAE, today hosted a high-level delegation from SWIFT, the global provider of secure financial messaging services. The delegation – led by Mr. Alain Raes, Chief Executive for Europe, Middle East and Africa and Asia Pacific for SWIFT – met with UBF’s executive management and chairmen of concerned technical committees to discuss key issues and challenges facing the UAE’s banking industry including cybersecurity and the future of cross-border payments. During the meeting, Mr. Raes updated UBF members on the SWIFT 2020 Strategy which aims at ensuring continued operational excellence in its core financial messaging services, as well as the recently-introduced Customer Security Program, a ......read more

GCC Islamic Banks Stay On Course Through Glum Operating Conditions, Says S&P Global Ratings Report

•    We think GCC Islamic banks' financial profiles will continue to falter in 2017-2018.  •    We foresee weaker growth prospects, higher cost of risk, and lower liquidity for GCC Islamic banks.  •    Still, most of these banks have built sufficient capital buffers to weather the sluggish operating environment. DUBAI (S&P Global Ratings) April 19, 2017--The weak economic environment will continue to dampen the financial performance of Islamic banks in Gulf Cooperation Council countries in 2017 and 2018, said S&P Global Ratings in a report published today, "GCC Islamic Banks Stay On Course Through Glum Operating Conditions."  The end of the commodities super-cycle has sparked a fall in the economic growth and prospects of the Gulf ......read more

Third Edition of TOP CEO Awards 2017 Announces Winners

The rankings are finalised on the basis of listed statistics and numbers, making it the most credible system in the Gulf Dubai, UAE, 19 April 2017:  The winners of the Top CEO Awards 2017 have been announced, following the successful conclusion of the Top CEO Conference on April 11. The awards ceremony was hosted at the Bay La Sun Hotel & Marina, King Abdullah Economic City, where the event made its Saudi Arabian debut. It is is organised by TRENDS magazine in collaboration with expert auditors and leading business organisations.  The Top CEO Awards celebrate the region’s 100 best-performing CEOs based on an evaluation of their companies’ listings on GCC stock exchanges across different categories – a meticulous and transparent process that sets the flagship event apart as an industry-leading ......read more

Mashreq Launches Quick Remit to Pakistan

Free of charge transfers with zero remittance fees  Dubai, UAE – 19th April 2017: Mashreq, one of UAE’s leading financial institutions, announced the exclusive launch of Quick Remit service to Pakistan. Mashreq customers can transfer Pakistani rupees free of charge either - via MashreqOnline or Snapp and enjoy instant credit to all bank accounts in Pakistan.  The new service is unique as it offers immediate transfers as opposed to the regular remittance transfer which could take up to 2 days.  Quick Remit offers convenience and fast services to Mashreq customers using its award winning mobile application – SNAPP available 24/7 with zero remittance fees and through MashreqOnline available on www.mashreq.com. Customers can send money to their respective beneficiaries with the benefit of “instant ......read more

Maktoum bin Mohammed reviews Dubai Holding's new strategic direction aimed at boosting Group's future growth

New organisational structure and debt management programme to deliver stronger balance sheet Seeks to enhance Dubai Holding’s role in Dubai’s economic diversification Dubai, April 18, 2017:  His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai reviewed Dubai Holding’s new strategic direction aimed at boosting the Group’s future growth as a stand-alone entity in a meeting held at Dubai Holding Offices in Jumeirah Emirates Towers. In a meeting attended by His Excellency Abdulla Al Habbai, Chairman of Dubai Holding and Edris Alrafi, Chief Executive Officer of Dubai Holding, the new business model was presented that focusses on a new organisational structure and debt management programme to achieve a stronger balance sheet.   Under the directives of His Highness ......read more

Mashreq Bank and Daman Investments Successfully Conclude One of the Largest Family Business LBO Transaction in the Gulf

18 April 2017 - Dubai, UAE: Mashreq and Daman Investments have successfully advised Gargash Family to acquire 100% equity in Gargash Enterprises LLC for an undisclosed amount. Gargash Enterprises is the largest independent Distributor for Mercedes Benz Passenger Cars and Commercial Vehicles in the world.  Commenting on the deal, H.E. Abdulaziz Al Ghurair, CEO at Mashreq said, “We are delighted to have partnered with the Gargash Family to make this transaction possible. Gargash Enterprises are a respected pioneer in the premium car segment and our ability to enable this successful transaction reflects the strength of our Investment Banking capabilities, deep knowledge of the automobile industry, and strong client relationship.” Mr. Shehab Gargash, Director at Gargash Enterprises added:  "We ......read more

Senior Regional Emissaries Map Out pan-Arab Business Strategy

Business roundtable organised by Invest in Sharjah in conjunction with Jordan Business Council attracts over 100 stakeholders from across the region Sharjah, April 17, 2017 The rich array of investment opportunities to be leveraged from effective pan-Arab collaboration was the topic under discussion at a high level business event held yesterday (Monday) in Sharjah. Hosted by the Sharjah FDI Office (Invest in Sharjah) in conjunction with the Jordan Business Council, the event saw the participation of senior consul generals from across the region and more than 100 stakeholders keen to explore potentially lucrative areas of business engagement.  Conceived by Invest in Sharjah - the Foreign Direct Investment (FDI) office operating under the government of Sharjah - the Sharjah-Arab Business Roundtable was held to identify areas ......read more

S&P Global Ratings: Sukuk Accounting Proposal Takes The Standardization Debate To A New Level

Dubai, April 17, 2017 S&P Global Ratings believes the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)'s proposal for accounting and classification guidelines for sukuk issued by Islamic financial institutions, if implemented, represents a boost for proponents of standardization. In our view, this--coupled with AAOIFI's recent proposal on centralized Sharia boards--could help the market move forward with standardizing the legal structure of sukuk and Sharia interpretation. In the recent past, we've observed some ambiguity in how legal obligations of sukuk sponsors are worded, which according to our understanding was primarily in response to some Sharia scholars' requests. However, if the AAOIFI's proposal is adopted, lawyers and sukuk structurers could have a basis for ......read more

Dubai International Financial Centre Calls on Applicants for FinTech Hive at DIFC

Online application process goes live on 17 April 2017  Applications will be evaluated by Dubai International Financial Centre, Accenture and participating Financial Institutions Dubai, UAE: 17 April 2017 - Dubai International Financial Centre (DIFC) has today announced that applications for its ‘FinTech Hive at DIFC’ accelerator programme will open on 17 April 2017, following registered interest from over 200 companies since its launch in January. The 12-week programme helps early and growth-stage financial technology (FinTech) companies accelerate product and business development by gaining exposure to top financial institution executives.   Successful applicants will be offered the opportunity to develop, test and modify their innovations in collaboration with senior representatives from DIFC Authority, ......read more

Mashreq Bank and Daman Investments Successfully Advised Gargash Family for one of the Largest Leveraged Buyout Transaction in the Automobile Industry

UAE – Dubai, 16 April 2017 - Mashreq and Daman Investments have successfully advised Gargash Family to acquire 100% equity in Gargash Enterprises LLC for an undisclosed amount. Gargash Enterprises is the largest independent Distributor for Mercedes Benz Passenger Cars and Commercial Vehicles in the world.  Commenting on the deal, H.E. Abdulaziz Al Ghurair, CEO at Mashreq said, “We are delighted to have partnered with Gargash Family to make this transaction possible. Gargash Enterprises are a respected pioneer in the premium car segment and our ability to enable this successful transaction reflects the strength of our Investment Banking capabilities, deep knowledge of the automobile industry, and strong client relationship.” Mr. Shehab Gargash, Director at Gargash Enterprises added:  "We are ......read more

Doha Bank Re-ignites Qatar's Property Market with New Loan Offer at 3.99% with 12 Months Payment Holiday

Dubai, April 13, 2017 – Doha Bank announced the launch of its new retail home loan offer which now features an interest rate of 3.99% for the first year. What makes this offer so irresistible is also the 12 months payment holiday offered to customers with a an option to get up to QAR 20,000 to offset the early settlement fees whenever you are transferring your home loan from another bank to Doha Bank.  With this limited time offer you will also get a free fire insurance for the first year, free management and mortgage fees, free mortgage saver account which pays you 1.25% p.a. interest rate up to QAR 2 million and free for life VISA Infinite or Platinum credit card. The bank will provide loans of up to 70% of property value for Qataris and Expats, with mortgage repayment periods of up to 20 years. Now is the time to get ......read more

Mashreq posts a 3% increase in Net Profit for first quarter 2017

Dubai, UAE; April 13, 2017:  Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the first quarter ending 31st March 2017.  Key highlights [1Q 2017 vs 1Q 2016]: Stable growth in Net Profit  Net profit increased by 2.7% year-on-year to AED 546 million primarily due to a 15% decrease in impairment allowance  Net Interest Income & Net Income from Islamic Products down by 3.6% year-on-year, on the back of flat loan growth Consistently high proportion of net fee and commission income Mashreq’s best-in-class non-interest income to operating income ratio remained high at 41.6% Investment income, FX & Other income increased by 17.9% YoY  Healthy balance sheet composition  Total Assets decreased by ......read more

ICS Financial Systems Successfully Participates at Sub-Saharan Africa Islamic Finance Convention

  13 April, 2017  Dubai UAE: ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, showcased its multiple award winning Islamic banking software, ICS BANKS® ISLAMIC, at Sub‐Saharan Africa Islamic Finance Convention which was held in Uganda at the Sheraton Kampala Hotel on the 6th of April 2017. The event was attended by more than 250 industry players representing over 75 international organizations. A powerful line-up of international speakers and industry thought leaders & financial institutions with leading financial technology vendors from across the globe such as ICSFS where they discussed topics focused on the theme of: Accelerating Financial Deepening & Inclusion, Bridging Funding Gaps & Mobilizing Investments for New Growth ......read more

Danube Group Chief hosts Lavish Four-Day Wedding on Cruise

The UAE-based Indian business tycoon Rizwan Sajan exclusively booked a whole ship from the Costa fleet, to celebrate the wedding of his son Adel Sajan There are over 1,000 guests, among them numerous Bollywood stars, who were on board during a Mediterranean cruise which touched Italy, Spain and France.  Dubai, April 12, 2017 – Rizwan Sajan, Chairman and Founder of Danube Group recently chartered an entire cruise ship to celebrate the fairy-tale wedding of his son Adel Sajan. For the first time ever, a ship from was reserved exclusively for the celebration of the sumptuous wedding which is valued at USD 30 million. From the 6th to the 9th April 2017, the Costa Fascinosa (114,500 gross tonnage and maximum guest capacity of 3,800) set sail on the Mediterranean as venue for the nuptials of Adel Sajan and Sana Khan, ......read more

National Bonds Boosts Financial Happiness, Registers 75% Increase in Regular Savers in 2016

  Up to 4% Annualized Returns Distributed to Sukuk Holders Dubai-UAE: 12 April, 2017 – National Bonds Corporation PJSC (National Bonds), the unique sharia-compliant investments company in the UAE licensed by the UAE Central Bank and owned by the Investment Corporation of Dubai, Dubai Government’s principal investment arm, today announced that its consistent message of encouraging a savings discipline has resulted in a staggering 75% increase in its regular savers in the UAE in 2016 compared to the previous year, clearly reflecting the growing confidence in its popular sharia-compliant savings and investment scheme. Attributed to its low-risk responsible investment, balanced assets portfolio and income diversification mechanism, National Bonds’ customers have earned annual returns of up to 4% in ......read more

UAE IAA to host the Annual Regional Audit Conference on April 19-20

Sheikh Nahayan Mabarak Al Nahayan to present ‘Lifetime Achievement Awards’ to internal auditors Decision-makers, internal auditing professionals to attend two-day conference in Abu Dhabi Largest smart conference and a premier internal audit event DUBAI, April 12, 2017: Key decision-makers, thought-leaders and eminent global internal auditing professionals will converge at the 18th Annual Regional Audit Conference on April 19 and 20, 2017, being organised by the UAE Internal Auditors Association, in Jumeirah at Ettihad Towers, Abu Dhabi. To be held under the patronage and presence of His Excellency Sheikh Nahayan Mabarak Al Nahayan, UAE Minister of Culture and Knowledge Development, the two-day conference is the largest “Smart” conference and a premier Internal Audit event in the Middle East and will be ......read more

Changing dynamics make financial markets more volatile, says Doha Bank Group CEO

Dubai, April 11, 2017: Doha Bank hosted a knowledge sharing event titled “New world order and opportunities” at Jumeirah at Etihad Towers in Abu Dhabi recently. The speakers at the event were Mr. Craig Wing, Partner and Future Strategist at Future World and Mr. Kamal Sharma, Director & G10 FX Strategist, Bank of America Merrill Lynch Global Research. Speaking at the event Dr. R. Seetharman, CEO of Doha Bank, gave insight on global economy. He said, “According to IMF Jan 2017 global growth is expected to be at 3.1 percent. Advanced economies are now projected to grow by 1.9 percent in 2017. Emerging and Developing economies growth is currently estimated at 4.5 percent for 2017. Recently we have seen Britain has triggered Article 50 and we need to see how Brexit negotiations shape up. We are yet to see progress on ......read more

Dubai Islamic Bank 1st Quarter 2017 Net Profit reaches AED 1.042 Billion

Net profit up by 4% compared to same period in 2016 Financing assets up by 6% to AED 121.4 billion Deposits up by 12% to AED 137.2 billion Dubai, April 11, 2017 Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first quarter results for the period ended March 31, 2017. 1st Quarter Results Highlights: Sustained profitability and growth Group Net Profit increased to AED 1,042 million, up 4% compared with AED 1,001 million for the same period in 2016. Total income increased to AED 2,378 million, up 13% compared with AED 2,102 million for the same period in 2016. Net Operating Revenue increased to AED 1,804 million, up 7% compared with AED 1,690 million for the same period in 2016. Impairment losses stood at AED 169 ......read more

Intesa Sanpaolo expands corporate & investment banking in the UAE and Qatar

New offices opened in Doha and Abu Dhabi  The new offices, alongside its existing Dubai presence, will be part of the Intesa Sanpaolo Corporate and Investment Banking Division (CIB) which has a growing footprint in 29 countries. The increased presence and commitment to the Gulf region will help support the international growth plans of Italian businesses, as well as strengthen the bank’s ties with its Gulf-based clients. Abu Dhabi & Doha, April 11, 2017:   Intesa Sanpaolo continues to strengthen its growing international network and increase its presence in the Arabian Gulf with the establishment of two new branches in Abu Dhabi, United Arab Emirates and Doha, Qatar.    In the presence of a delegation led by Mauro Micillo, Head of the Corporate & Investment Banking Division of Intesa ......read more

New IBPC Board Announces Plans to Help Boost India-UAE Strategic Relations

IBPC announces line-up of year-long events and plans to offer strategic advisory to investors and stakeholders to help strengthen bilateral relations between India and the UAE as new Board takes charge following unanimous election of the Office Bearers IBPC will increase the number of events to promote India-UAE relations in the UAE As UAE-India relations reach a strategic level, following Indian Prime Minister Narendra Modi’s historic visit to the UAE in 2015 and the historic visit by His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Deputy Supreme Commander of the UAE Armed Forces and Crown Prince of Abu Dhabi to India as the Chief Guest on India’s Republic Day in 2017 The UAE is investing Dh275 billion (US$75 billion) into Indian economy that will help the country to accelerate its economic growth Indian ......read more

ICAI Dubai Felicitates Doha Bank CEO

Dubai, April 11, 2017: The ICAI – Dubai Annual Conference was held on 7th and 8th April 2017 at the Emirates Institute of Banking and Financial Studies, Academic City, Dubai. The Theme of the Conference was: "FUTURE OF FUTURE” H.H. Sheikh Nahyan Bin Mubarak Al Nahyan, Honourable Cabinet Member & Minister of Culture & Knowledge Development, Government of UAE inaugurated the event. The ICAI – Dubai felicitated Dr. R Seetharaman, CEO of Doha Bank on his being awarded Pravasi Bharatiya Samman (PBS) 2017. The dignitaries at the function were HE Navdeep Singh Suri, Indian Ambassador for UAE, CA Naveen Gupta, Vice President, ICAI, India, CA Pankaj Mundra, The Chairman, ICAI - UAE (Dubai) Chapter and the Board members of ICAI UAE Dubai Chapter.  Thanking the ICAI Dubai Chapter for the felicitation Dr. R. ......read more

World Retail Congress Celebrates the Global Leaders of Retail

Amazon wins Retailer of The Year Award   Zyda Rylands, CEO of Woolworths South Africa, wins the inaugural Woman of The Year award Fashion Retail Academy, London, wins the Future Retail Challenge Award Terry Lundgren, Martha ‘Marty’ Wikstrom, Micky & Renuka Jagtiani inducted into The World Retail Hall of Fame. Dubai, UAE, April 11, 2017:   The 11th edition of the World Retail Congress concluded with its annual World Retail Awards, held at Madinat Jumeirah under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The Congress was hosted in the Emirate for the second consecutive year in partnership with the Dubai Chamber of Commerce & Industry. Many outstanding brands, individuals and campaigns were competing for ......read more

Other Top Stories from Banking and Investments
 
MENA Sovereign Borrowing To Decline By 20% To $136 Billion, Report Says…

Dubai, UAE, February 26, 2017:  Middle East and Northern African (MENA) sovereign borrowing will slow down in 2017, after increasing sharply in 2016. This is according to a report titled "Sovereign Debt 2017: MENA Borrowing Is Expected To Decline By 20% To $136 Billion," and published today on RatingsDirect. "We project that the 13 MENA sovereigns we rate will borrow an ......read more

Al Ansari Exchange and SriLankan Airlines signs agreement to facilitate ticket payments…

UAE, February 25, 2017- Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has recently signed an agreement with SriLankan Airlines, the national carrier of Sri Lanka. According to the terms of the agreement, SriLankan Airlines customers will now be able to make payments through more than 170 UAE-wide Al Ansari Exchange branches. The service will be available ......read more

Sheraa hosts Startup Weekend – helps launch startups in 54 hours…

  The winning team ‘Asmani’ - an Arabic audio content platform – will have full access to Sheraa’s incubator and a suite of other benefits to bring their entrepreneurial dreams to reality Sharjah, United Arab Emirates, February 25, 2017:  Committed towards harnessing the entrepreneurial energy of youth to pioneer new businesses, Sheraa hosted 2017’s ......read more

Mohammed Bin Rashid Praises AL Gergawi's Sincere and Responsible Performance in Dubai Holding…

Dubai Holding Commercial Operations Group records net profit AED 6.32 billion and revenues grow to AED 16.84 billion  Mohammed bin Rashid: We thank Mohammed Al Gergawi for his excellence in the different responsibilities he was overlooking, his performance in Dubai Holding was exceptional and we appreciate his service to his countries in the different fields Mohammed bin Rashid: ......read more

At a gathering with the employees of Zonescorp, HE Falah Al Ahbabi says: We believe in an open–door ...…

Abu Dhabi, UAE, 25th February 2017:  Following a decision by H.H. Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces to reform board of Zonescorp on the 30th of January 2017, Zonescorp conducted its first gathering with all the employees which was held in par to the first meeting of the board. The aim of this ......read more

Dar Al Sharia Wins ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award'…

Dubai, UAE; February 23, 2017:  Dar Al Sharia, a subsidiary of Dubai Islamic Bank, won the ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’ in a glittering and prestigious ceremony held at Madinat Jumeirah in Dubai. Group CEO of Dubai Islamic Bank, Dr. Adnan Chilwan received the award from His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of ......read more

Al Ansari Exchange honored at 9th Cycle of the Mohammed Bin Rashid Al Maktoum Business Award…

UAE, February 23, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has been recognized at the 9th Cycle of the Mohammed Bin Rashid Al Maktoum Business Award, a member of Mohammed Bin Rashid Al Maktoum Global Initiatives Foundation (MBRGIF), held at Madinat Jumeirah Arena in Dubai. The company was conferred with the Mohammed Bin Rashid Al Maktoum ......read more

Dubai Free Zone Council Approves Strategic Plan, Reviews Achievements of 2016…

His Highness Sheikh Ahmed bin Saeed Al Maktoum Chairs fifth Council Meeting  Council Plays Key Role in Supporting Free Zones Dubai-UAE: 22 February, 2017:  In his capacity as Chairman of Dubai Free Zone (DFZ) Council, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of the Emirates Group, presided over the fifth council ......read more

ADCB honoured with two prestigious Mohammed Bin Rashid Al Maktoum Business Innovation Awards…

Abu Dhabi, 22 February 2017:  Abu Dhabi Commercial Bank (ADCB) was yesterday honoured with the Mohammed Bin Rashid Al Maktoum Business Innovation Award and  the Outstanding Award for Business Innovation. The significant awards were conferred to ADCB in recognition of its contribution in the field of Business innovation which has resulted in a superior customer experience. The award ......read more

Logistics firms benefit from emerging technology with digital transformation…

February 22, 2017: With the global expansion of online technologies, the concept of Digital Transformation within the Supply Chain sector has become very essential. The current methods of communication and operations management between the industry’s partners and business owners are now being managed via digital platforms. The sector’s professionals are reinventing the wheel with ......read more

Facebook's #SheMeansBusiness to Enable Opportunities for 10,000 Women in MENA by 2018…

Potential for significant growth of SMB community as women currently run only one-third of SMBs in MENA  Across the UAE 74% of people are already connected to at least one business in a foreign country; in Egypt and in Saudi Arabia the figure is at 63% February 22, 2017, Dubai UAE:  The role of women in the economy is widely recognized as a key driver of progress. ......read more

Investing in digital payments and ICT sectors through AKA Partners…

Ali Kassab connects the region with simplified payment solutions Dubai, February 22, 2017 UAE businessman, Ali Kassab, is leading the region’s digital revolution and changing the way companies manage payment solutions. The entrepreneur has recently ventured into private equity funding with the launch of AKA Partners. His firm will be investing in fin-tech businesses across the Middle ......read more

DIB awarded prestigious Human Resources Development Award at 19th National Career Exhibition…

Dubai, 22 February 2017:  Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received the Human Resources Development Award during its recent participation at the 19th edition of the National Career Exhibition at the Sharjah Expo Centre.  Held under the patronage of His Highness Dr. Sheikh Sultan bin Mohammed Al Qassimi, Member of the Supreme Council and Ruler of Sharjah ......read more

Steelcase Research Reveals Shift in Leadership Workstyles and New, Elevated Challenges for Today's ...…

Dubai, United Arab Emirates, 22 February 2017:  A shift in emphasis from hierarchies to networks within organizations has caused fundamental differences in the way leaders work. This new dynamic requires a dramatically different office landscape, according to new research by Steelcase.  The findings from the multinational study on the changing workstyles of leaders are particularly ......read more

The Chartered Institute for Securities & Investment (CISI) recognises top performers in the ...…

Dubai, UAE, February 21, 2017:  The Chartered Institute for Securities & Investment (CISI), the largest and most widely respected professional body for those who work in the securities and investment industry globally, recently recognised top performers across a range of qualifications, helping to raise the standard of professionalism in the UAE’s financial services ......read more

ICD and IAIB sign a MoU to cooperate in the development of private sector…

The Islamic Corporation for the Development of the Private Sector (ICD) and International Association of Islamic Business (IAIB) sign a MoU to cooperate in the development of private sector The two institutions are determined to collaborate on introducing Islamic banking products in Russia by attracting banks operating in accordance with Islamic principles and lobbying for changes in Russian ......read more

Dubai Police Ranks First among UAE Entities Committed to Regular Saving…

National Bonds’ Employee Savings Program Registers High Uptake Dubai-UAE: February 21, 2017:  National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, today announced that Dubai Police has topped a list of 100 entities in the UAE for signing up the highest number of employees to National Bonds’ Employee Savings ......read more

The Pros & Cons of Debt Financing…

Please attribute to Hassan Safi, Partner at Metis Management Consultancy Dubai, UAE, February 21, 2017:  In the early stages of development, firms need cash to sustain and/or build their business. The type of financing your company needs depends on the requirements you have. There are two primary forms of financing, Debt Financing and Equity Financing -  Debt financing simply ......read more

Noor Takaful Signs Dubai Declaration issued by UAE Ministry of Climate Change and Environment…

Dubai-UAE: 20 February, 2017:  Noor Takaful, the Shari’a compliant insurance arm of Noor Investment Group, announced today that it has signed the ‘Dubai Declaration of Financial Institutions in the United Arab Emirates on Sustainable Finance’, which was initially launched at the United Nations Environmental Programme Finance Initiative (UNEP FI) Global Roundtable hosted by ......read more

Mashreq customer walks away with Range Rover Evoque 2017…

Save & Win campaign announces grand prize winner Dubai – UAE, 20th February 2017:  Mashreq, one of the UAE’s leading financial institutions, recently announced the Grand Prize winner of the ‘Liability Balance Builder Campaign’. During the Campaign Period (September to December 2016), each month 10 customers won 22kt gold coins and one customer won a luxury ......read more

Collaboration between GCC banks and FinTech companies likely to rise as demand for digital ...…

70% of bankers find the GCC banking sector open to integrating FinTech innovations  60% of bankers suggest FinTech innovations could enhance customer service and reduce cost Dubai, UAE; February 20, 2017:  According to a FinTech survey conducted by EY, 70% of the participants find that the GCC banking sector is open to integrating FinTech innovations that could help enhance ......read more

CEO says: “2017 will be our most exciting year ever at SOHAR”…

SOHAR signs significant new project agreements for 2017 Land reclamation area in Port will accommodate new investors Innovation Zone planning underway in SOHAR Freezone Dubai, UAE; February 20, 2017:  SOHAR Port and Freezone revealed updated performance figures during its annual Business Reception at The Chedi in Muscat last week. Despite generally lower revenues and a slump in ......read more

Rockwell Collins announces new leadership for its expanding Middle East region…

Talel Kamel appointed Managing Director and Bernard Bouillaud named Sales Director for the Middle East, Turkey and North Africa Company doubling its regional business development team during 2017 ABU DHABI, United Arab Emirates, February 19, 2017:  Rockwell Collins today announced it is increasing its local presence in the Middle East region and appointing new ......read more

Diversification will lead to new strategic alliances between Qatar and South Korea…

Dubai, February 19, 2017:  Doha Bank hosted a Knowledge Sharing Session on “Changing Global Dynamics and Opportunities” on Thursday the 16th February 2017 from 6.30 pm at Lotte Hotel, Seoul, South Korea. H.E Mr. Kim Jin-Soo, Secretary General, Korea Arab Society attended the event. The event also witnessed participation from Qatar embassy, Oman embassy and Kuwait embassy in ......read more

Financial Services Businesses Must Be Prepared to respond to rising cyber-risks…

Cyber security expert reveals businesses can expect to face sophisticated attacks and breaches at some point, if they have not already. CISO Council partners with MEFTECH and will highlight ways to prevent breaches and methods to minimize the impact of them at MEFTECH 2017. Data protection and cloud security will be two of the topics discussed at the leading financial technology ......read more

Investment Opportunities at Global Village are Now Open for Season 22…

Dubai, 18th  February, 2017:  Global Village, the region’s first-ever multicultural festival park, has announced the opening of its registration process for the participation of potential investors and partners for its 22nd season 2017-2018. The registration is open to interested investors across various categories including pavilions, retail outlets, restaurants, services, kiosks ......read more

H.H Sultan Al Qasimi witnesses the dynamism and innovative potential of startups supported by ...…

Ten startups demonstrate their business ideas in the presence of His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah UAE’s first university-based accelerator program out of Sharjah sets a major milestone to inspire a new generation of entrepreneurs  Sharjah, United Arab Emirates, February 18, 2017:  In the esteemed ......read more

Amlak Awarded Prestigious CSR Label for Second Consecutive Year…

Dubai, UAE 18 February 2017:  Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, recently has been awarded the prestigious Dubai Chamber Corporate Social Responsibility Label for 2016. This marks the second consecutive year which Amlak Finance has received this recognition. The award was presented by H.E. Majid Saif Al Ghurair, Chairman of the Dubai ......read more

ICS Financial Systems Named a Leader in World Finance 100…

Dubai, UAE, February 18, 2017:  London, UK: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that it has been named a member of the “World Finance 100” in recognition of its excellence in the field of banking solutions. Each year World Finance compiles the list of 100 individuals and companies ......read more

Berger Paint's ‘Colours of Arabia' Campaign Wins Gulf Sustainability and CSR Awards…

Recognising And Inspiring Positive Change - The Most Coveted CSR Award In The Region  Dubai, United Arab Emirates (February 16, 2017): Awards International has announced the winners of the 2017 Gulf Sustainability and CSR Awards during the ceremony held at Jumeirah Creekside Hotel, Dubai on February 15, 2017. The CSR initiative of Berger Paints, ‘Colours of Arabia’, has bagged ......read more

BAE Systems at IDEX 2017: A focus on national security, border integrity and critical ...…

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

RAK Chamber explores expansion of economic and investment partnership with Belgium…

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

INJAZ Al-Arab Launches 2nd Edition of ‘Expand Your Horizon' Initiative…

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

EY named most attractive employer in the Middle East among the Big 4…

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

Arab Brazilian Chamber of Commerce upbeat on presence of Brazilian companies at IDEX 2017…

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

Abdulla Al Ghurair Foundation for Education, World Bank Group Announce New Partnership to Improve ...…

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

Sultan Ahmed bin Sulayem: Growing regional trade in many areas offsets global trade slowdown…

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

DSI announces its un-audited preliminary financial results for 2016…

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.  Financial Against the backdrop of the significant liquidity challenges in the regional construction sector, the ......read more

PROVEN SA: Providing Foreign Business Support Services in KSA…

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

Al Ansari Exchange reinforces Emiratization policy with participation at 19th National Career ...…

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

Annual Investment Meeting (AIM 2017) to focus on capacities and challenges of Foreign Direct ...…

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

Al Ghurair International Exchange Launches IMPS Service for Its Indian Customers in UAE…

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 Wholesale City Hosts Innovation in Trade Forum to Highlight Importance of Smart Solutions, ...…

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

Marsh & McLennan Companies Global Risks Report 2017 Reveals Risks that MENA May Face Over the Next ...…

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

Newly Restructured Najibi Investments to Drive Next Growth Phase…

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

Al Hilal Global Sukuk Fund delivers 3.83% dividend…

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

DuPont to showcase new protective garment against electric arc flash at Middle East Electricity…

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

Global suppliers of stationery and office suppliers target emerging Middle East and African markets…

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

Doha Bank achieves recertification to ISO20000-2011, 10 years in a row…

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 Achieves Economic Impact of AED 3 Billion in 2016…

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

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