Sharjah, September 16, 2019:
The Sharjah Chamber of Commerce & Industry (SCCI) organized today at its headquarters the UAE – Poland Business Forum with the aim of introducing the joint investment opportunities, exploring cooperation prospects and bilateral partnerships in various economic sectors, and paving the way for business communities from both sides to potential discuss investment opportunities.
The forum comes on the side’s lines of a visit by a high-ranking Polish delegation headed by HE Katarzyna Matuszak, Director, Project Development Department. The Polish delegation comprised over 12 businessmen and representatives of Polish trade companies.
Held in the presence of HE Mohammad Ahmed Amin Al Awadi, SCCI’s Director-General, Abdulaziz Shattaf, Assistant Director-General for Members Services at ......read more
Senior business leaders converge on Dubai for the second AI Week Middle East
Delegates discuss AI adoption initiatives and challenges
Dubai, United Arab Emirates, 16 September 2019: IQPC Middle East’s second Artificial Intelligence Week was hosted at the Oberoi Hotel Dubai and organized with the official support of the Department of Health – Abu Dhabi.
Inaugurated by H.H. Sheikha Maryam Al Qasimi, Government Relations and Protocol Specialist for Lead Ventures at The Office of Sheikh Sultan bin Abdullah Al Qasimi, and Sheikh Majid Al Mualla, Divisional Senior Vice President International Affairs at Emirates, the event saw participation from influential and leading organisations including the Prime Minister’s Office, Dubai Healthcare City Authority – Regulation (DCHR), UAE’s ......read more
UAE-based investors present 25 investment projects at the Bangladesh Economic Forum
1. Bangladesh requires US$24 billion investment in infrastructure annually, to achieve its Vision 2021, according to Asian Infrastructure Investment Bank (AIIB).
2. Bangladesh needs US$320 billion investment only in infrastructure if it wants to become the world's 30th largest economy by 2030.
3. UAE investors have announced US$10 billion (Dh36.7 billion) worth of investment into Bangladesh
4. More than 25 projects have been discussed at the 2nd Edition of Bangladesh Economic Forum in Dubai
5. Bangladesh is developing 100 economic zones and 28 hi-tech parks foreign investors.
Dubai, United Arab Emirates - September 16, 2019: UAE-based investors have ......read more
• Emirates Steel is a Rhodium sponsor of the event, held in Riyadh between 16 – 18 September
• Steel production capacities in the GCC grew to around17Mt by 2018 and expected to add another 2Mt by the end of 2020.
16 September 2019: Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), is participating in the First Saudi International Iron & Steel Conference, of which it is its Rhodium Sponsor. At the conference, held in the King Faisal International Conferences Hall at the Intercontinental Hotel in Riyadh from September 16-18, Emirates Steel will be showcasing its extensive range of products to customers from across the GCC.
The Saudi International Iron and Steel Conference will bring leaders of the iron and steel ......read more
Dubai, UAE 15 September 2019: Red Hat has announced the availability of Red Hat Enterprise Linux (RHEL) 8 for SAP Solutions to empower SAP HANA workloads for enterprises in the region. Red Hat Enterprise Linux (RHEL) 8 for SAP Solutions is an intelligent OS designed to provide a solid foundation that spans the hybrid cloud and one that fuels mission-critical workloads. Building on the successful launch of RHEL 8, SAP production will support RHEL 8 for SAP Solutions for running SAP HANA 2.0 (SPS 04 or later) on the Intel x86 (64-bit) platform. In addition, validation on the IBM Power9 platform is underway.
Red Hat Enterprise Linux (RHEL) 8 for SAP Solutions is an intelligent OS designed to provide a solid foundation that spans the hybrid cloud and one that fuels mission-critical workloads. Building on the successful launch of ......read more
New software leader paves the way for industries to realize Digital Transformation with offerings enabling value capture across Engineering, Operations and Maintenance by empowering the Workforce
Dubai, UAE, 15th September 2019 – 18 months on from completing its combination with Schneider Electric’s industrial software business AVEVA is positioned as the first company in the engineering and industrial software market to comprehensively address the end-to-end digital transformation imperatives with an integrated portfolio of solutions that deliver efficiency, unlock value and empower people across the lifecycle of capital assets and operational value chains.
AVEVA’s integrated portfolio capability harnesses the power of technologies such as artificial intelligence, extended reality (XR), digital twin and ......read more
UAE-based investors will present 20 investment projects at the Bangladesh Economic Forum on Sunday
1. UAE investors have announced US$10 billion (Dh36.7 billion) worth of investment into Bangladesh
2. More than 20 projects are expected to be discussed at the 2nd Edition of Bangladesh Economic Forum in Dubai
3. Bangladesh is developing 100 economic zones and 28 hi-tech parks foreign investors.
4. Non-Resident Bangladeshi entrepreneurs own more than 50,000 businesses and employ 150,000 people in the UAE
Dubai, United Arab Emirates - September 14, 2019: A number of UAE business groups are set to invest $10 billion (Dh36.7 billion) into Bangladesh, according to data compiled by Bangladesh Economic Forum, which takes place at Conrad Dubai Hotel on Sunday, September 15, ......read more
Reports forecast double-digit uplift for region’s warehouse automation & e-tail segments
Dubai, United Arab Emirates - September 14, 2019: Materials Handling Middle East, the region’s dedicated warehousing, intralogistics and supply chain solutions show, racked up a 12% visitor uplift on the 10th edition of the biennial event which closed at the Dubai World Trade Centre on September 5.
Some 3,882 visitors from more than 50 countries turned out for the show which has evolved into a futuristic showcase of robotics and automation as the regional industry transforms to meet 4th industrial revolution demands.
Close to 100 exhibitors from over 30 nations were demonstrating the latest technological solutions to deliver increased operational and cost efficiency, production ......read more
September 12, 2019 - Dubai, UAE
Summary: Gold’s high correlation to movements in US bond yields has triggered the first major challenge to the rally that began back in June. While the short-term risk of a correction to $1450/oz exist, we maintain a bullish outlook for gold. Below we outline the reasons behind this view.
Global financial markets remain in fragile risk on mode following last week’s announcement that US and Chinese trade negotiators would meet again in early October. While kicking the can down the road and past China’s Golden Week Holiday, we maintain the view that the road to a deal remains littered with obstacles. On that basis September could end up being the month of calm before renewed tensions emerge with the US raising tariffs again on October 1 while the two ......read more
Threat actors continue to use socially-engineered attacks across email, cloud applications, and social media to exploit human instincts and lure people to click
Dubai, United Arab Emirates—September 11, 2019: Proofpoint, Inc., (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced its annual Human Factor report findings, which highlight the ways in which cybercriminals target people, rather than systems and infrastructure, to install malware, initiate fraudulent transactions, steal data, and more. The report, based on an 18-month analysis of data collected across Proofpoint’s global customer base, spotlights attack trends to help organizations and users stay safe.
“Cybercriminals are aggressively targeting people because sending fraudulent emails, ......read more
Dubai, September 11, 2019: Al-Futtaim Engineering & Technologies has announced that its Facilities Management (FM) division will have a significant presence at FM Expo, the region’s largest trade show for the facilities management industry, to be held from September 17-19 at the Dubai World Trade Center.
The Al-Futtaim company will be out in full force and visitors to the stand will get a complete understanding of the company’s hard and soft FM services including Building Cleaning Services, Mechanical, Electrical & Plumbing Services, Fire Fighting & Safety systems installation & maintenance, CCTV Safety systems installation & maintenance, Energy Saving solution and more.
Yousuf Bin Zayed, General Manager, Facilities Management Division, Al-Futtaim Engineering & Technologies, said, “We ......read more
Regulated by the Financial Services Regulatory Authority of ADGM, Anglo-Gulf Trade Bank is poised to bring transformative, disruptive Banking-as-a-Service (BaaS) solutions to the world from its headquarters in Abu Dhabi, United Arab Emirates
Abu Dhabi, UAE, 11 September 2019: Anglo-Gulf Trade Bank (AGTB), a global pioneer in digital transaction banking, has received a full digital banking license and Category 1 status from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
This latest chapter in AGTB’s digitally transformative roadmap heralds a landmark occasion for the Abu Dhabi-headquartered organisation, especially as it is now ADGM’s first fully licensed digital bank. The awarding of the license is an important step towards AGTB delivering simplified, client-centric, ......read more
At a Cost of AED 82 million
United Arab Emirates, Dubai, September 11, 2019: Union Coop the largest consumer cooperatives in the UAE has revealed through the Properties & Project Division to start the construction works of two commercial centers at a cost of AED 82 million in the areas of Al Badaa (Jumeirah) and Al Barsha Third. This is a part of Union Coop’s framework to achieve one of its most vital strategic objectives i.e. to establish a world-class shopping facility that offers a unique shopping experience for the valued consumers.
This has come during the signing of the contract of construction works with Al Shafar Civil Engineering Company to construct the two projects. The agreement was signed by H.E. Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop, and H.E. Ali Bin Abdullah Al ......read more
• Julfar: Social Survey is one of the most important projects launched by the Authority to aid effective planning & development in order to establish a leading social environment
• Al Muhairi: A strategic project with short, medium & long-term impacts on societal development
Dubai, United Arab Emirates - September 10, 2019: The Community Development Authority (CDA) in Dubai launched the emirate’s sixth social survey in partnership with Dubai Statistics Center (DSC). The field work for the survey will begin on September 21, 2019, with an aim to promote initiatives, strategies, programs and policies designed to meet the requirements and needs of families and individuals in the community.
H.E Ahmed Abdul Karim Julfar, Director General of the Community Development ......read more
Indian state Tamil Nadu's Chief Minister EK Palaniswami holds investors’ roundtable in Dubai
The delegation signed several Memorandums of Understanding (MoU) with UAE investors during the visit resulting in raising INR 4,200 crores of investment
Dubai, United Arab Emirates - September 10, 2019: Edappadi K Palaniswami, Chief Minister of South Indian state of Tamil Nadu addressed a high-level meeting with members of the Business Leaders Forum (BLF) to seek foreign investments for the State’s ambitious megaprojects. This is the first visit of Mr. Palaniswami to the UAE since he assumed office as Tamil Nadu Chief Minister.
His Excellency Shri Vipul, Consul General of India to Dubai, said, “The UAE is the last stop of Mr. Palaniswami's three-nation tour. Before his ......read more
• Under Thomas Fuhr’s stewardship, GROHE, being a pioneer in the sanitary industry, is committed to the sustainable use of water as a resource.
• For the first time ever, GROHE announces that its production processes are to become completely CO2-neutral by 2020.
• The B.A.U.M. Environmental and Sustainability Award is one of the most well-known sustainability awards in Germany.
Dubai, United Arab Emirates - September 10, 2019: The corporate network B.A.U.M. awarded Thomas Fuhr, CEO GROHE AG, with the 2019 Environmental and Sustainability Award for the category “Large Enterprises” in the German city of Hamburg yesterday. Under Fuhr’s stewardship, GROHE, one of the leading global brands for full bathroom solutions and kitchen faucets, has become one of the most ......read more
The event on 9th September, “AI Made Real” featured business leaders, academics and evangelists imparting knowledge and a debate on the role of Artificial Intelligence
Ajman Free Zone was a silver sponsor, being focused on developing the AI sector within the Emirate.
Ajman, United Arab Emirates (September 10, 2019) Ajman Free Zone was the Silver Sponsor at an exhibition, AI Made Real, which examined the use of Artificial Intelligence in the corporate world. The event attracted a wealth of businesses from the IT field, which Ajman Free Zone has marked as a key sector for attracting investment, and it provided an excellent opportunity for Ajman Free Zone to convey the myriad benefits of establishing a business here.
VIP guests in attendance at Ajman University ......read more
Dubai, United Arab Emirates - September 09, 2019: Emirates Post issues a commemorative stamp to mark the milestone 20th anniversary of the UPU’s EMS Cooperative. Created by the UPU’s International Bureau, the stamp is being launched on 10 September, to coincide with the date the organisation was founded, and will be issued by 24 several postal organisations across the worldwide.
Founded at the Beijing Congress on 10 September 1999, the EMS Cooperative was created by The the Postal Operations Council (POC) to develop Express Mail Service (EMS) and promotes cooperation between postal organisations to provide customers with a high-quality, competitive EMS service on a global basis. EMS is the fastest postal product, combining speed with reliability, affordability and customer service. Emirates Post ......read more
UAE photographers had the highest increase in submissions over last year, reflecting the growing interest in photography in the country
Abu Dhabi – September 8, 2019 - National Geographic Abu Dhabi (NGAD) and Almarai announced today that over 50,000 photographs from across the Arab World have been submitted for the 9th edition of ‘Moments’, its annual regional photography competition to nurture the talent of aspiring regional photographers.
‘Moments’ has established itself as one of the largest and most popular competitions in the region, providing talent with wide exposure and the unique chance to learn from National Geographic photography experts through a once in a lifetime photography travel expedition.
Reflecting National Geographic and Almarai’s commitment to youth development, ......read more
Abu Dhabi/Dubai, UAE, 8th September 2019: In the spirit of continued collaboration between government entities in the UAE, the Abu Dhabi Global Market Arbitration Centre (ADGMAC) and Emirates Maritime Arbitration Centre (EMAC) have signed a Memorandum of Understanding (MoU) to advance arbitration and mediation services across the whole UAE maritime industry.
Mr. Majid bin Bashir, Chairman and Secretary General, EMAC and Mrs. Linda Fitz-Alan, Registrar and Chief Executive of ADGM Courts, marked the collaboration at a signing ceremony on 8th September 2019 in Abu Dhabi
“We are very pleased to seal collaboration with ADGMAC. Through this partnership we believe that we will be able to enhance the accessibility, efficiency and effectiveness of commercial and maritime arbitration and mediation that will ......read more
• Finalists join the 2019 cohort, from across the world including start-ups from Asia, Europe, Middle East and North Africa
• Third edition includes larger pool of FinTech firms, growing approximately 50% from 2018
• Participants to receive training and mentoring from leading financial players and strategic partner institutions
Dubai, 8 September 2019: In line with the continuous growth and development of the Dubai International Financial Centre’s financial innovation ecosystem, the DIFC FinTech Hive, announced today the commencement of the 2019 edition of its accelerator programme. The third edition of the programme launched by the region’s first financial technology accelerator received an overwhelming response of over 425 applications from across the world, including Asia, ......read more
• Q3 Revenue: $960.6 million, increasing 17.3% year over year
• Q3 Net Income per Share: $0.55 GAAP; $0.71 adjusted (non-GAAP)
• Share Repurchases: Repurchased approximately 1.1 million shares of common stock for an aggregate price of $45.4 million during the quarter
Dubai, United Arab Emirates - September 08, 2019: "We delivered another quarter of outstanding financial results as we benefit from our strong competitive position within the industry and continue to gain market share," said Gary Smith, President and CEO, Ciena. "Looking ahead, fiscal 2019 will be an extraordinary year for Ciena, including substantial revenue growth and increased profitability."
For the fiscal third quarter 2019, Ciena reported revenue of $960.6 million as compared to ......read more
UAE, September 07, 2019 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has warned its customers against fraudulent social media messages, text messages, and phone calls claiming that they have won major cash prizes in any of the company’s promotions. It strongly urged its customers to ignore the scammers, adding that the company only communicates with the winners through its official phone numbers to inform them of their prizes.
The company also maintained that it would never ask its customers to disclose their personal data such as personal identification number or bank account details or instruct them to pay any fee to receive the prize. When in doubt, customers can check the list of winners by visiting the nearest Al Ansari Exchange branch, calling customer ......read more
Certification marks the company’s fourth ISO mark in addition to OSHAS and the MENA first GC-Mark certification
Dubai, UAE, Sep 7th, 2019: Emirates District Cooling LLC [Emicool] – a leading district cooling service provider in the region and a wholly owned subsidiary of Dubai Investments PJSC, has been conferred with the fourth ISO certification – ISO 26000:2010.
Emicool was marked the first district cooling company across GCC with the ISO 26000:2010 for setting a high standard of corporate social responsibility governance, protecting worker and labour human rights, contributing towards saving and improving climate change as well as implementing code of ethics and advanced transparency systems.
Commenting on attaining the certification, Dr. Adib Moubadder, CEO of Emicool, said, ......read more
Offering a New Vision of Transformation Through “Evolve, Connect and Open” Strategy
DUBAI, Sep. 5, 2019 — At a panel talk event to kick off IFA 2019 in Berlin, Dr. I.P. Park, president and Chief Technology Officer of LG Electronics, shared the company’s vision for an AI-powered future where Anywhere is Home.
Addressing the three pillars of LG’s AI strategy Evolve, Connect and Open, Dr. Park and the expert guest panelists discussed how innovations in AI and connectivity will expand the notion of home to every domain of living beyond the front door.
At the heart of today’s discussion was the role of LG ThinQ, the company’s brand for intelligent devices, which now brings together AI products and services as well as those with Wi-Fi and IoT capabilities under a unified vision ......read more
Sector continues to perform well with higher profitability
Bank loan growth picks up pace even as deposits fall
Tightening liquidity expected in near to medium term over shrinking net interest margins (NIMs)
Dubai, United Arab Emirates - 20 June 2019: Leading global professional services firm Alvarez & Marsal (A&M) today released its latest UAE ......read more
By Dr. Paul Smith, Vice President, Xerox Research Centre of Canada
Labels. We see them every day on routine items we depend on to get through life.
Dubai, United Arab Emirates - 20 June 2019: There are labels on our food, medicine, clothes and technology. They tell us crucial information to help guide our decisions: nutritional information about the food we consume; how to wash ......read more
Empowers customers to build digital transformation with automation, more choice, optimized workloads, and a consistent cloud experience
Dubai, United Arab Emirates - 20 June 2019: Hewlett Packard Enterprise (HPE) recently announced the continued expansion of its hybrid cloud portfolio with enhanced automation, more choice, workload-optimized solutions, and a consistent ......read more
Blueair voted by the Superbrands Council UAE and marketing professionals as one of the country’s strongest and trustworthy brands
Dubai, UAE, June 19, 2019: Blueair, a world leader in air purification solutions, today announced that it has been recognised as one of UAE’s strongest and most trusted brands by the Superbrands organisation, an independent authority and ......read more
Dubai, June 19, 2019: Trade Bank of Iraq (“TBI”) has entered into a Memorandum of Understanding (MoU) with ESDS SOFTWARE SOLUTION PVT. LTD, India (“ESDS”) to develop financial technology and a cloud platform in Iraq.
Alpen Capital (ME) Limited acted as the sole financial advisor for the transaction between the two firms, which aims to establish a long-term ......read more
Mr Mahtabur Rahman, President of Bangladesh Business Council in Dubai, Chairman of Al Haramain Group and Chairman NRB Bank, is the first Non-Resident Bangladeshi (NRB) businessman to receive the UAE Gold Visa
Dubai, United Arab Emirates - 17 June 2019: Mr Mohammed Mahtabur Rahman, Chairman and Managing Director of Al Haramain Group of Companies, Chairman of NRB Bank Ltd (Bangladesh) ......read more
Dubai, United Arab Emirates - 17 June 2019: Randy Helou, Vice President Sales & Marketing, DXB Entertainments hosted Consul General of the Philippines Paul Raymund Cortes on the occasion of the 121st Philippine Independence Day for a celebration at Dubai Parks and Resorts.
Dubai Parks and Resorts celebrated Philippine Independence Day with numerous activities including traditional ......read more
Dabur’s Vatika range has received industry-wide brand recognition
Dubai, United Arab Emirates - 17 June 2019: Dabur Vatika, the leading natural hair care brand has been recognised as a Superbrand for 2019 by the UAE Super brands Council.
Dabur Vatika is renowned for its wide range of natural hair care products which have been developed with a deeper ......read more
Dubai, United Arab Emirates - 17 June 2019: Al-Futtaim Engineering & Technologies sponsored G-Summit Middle East 2019, in Dubai. Hosted by Genesys, the global leader in omnichannel customer experience and contact centre solutions, the event gathered over 300 thought leaders, industry experts, partners and customers.
G-Summit is an annual Genesys roadshow event offered in ......read more
Dubai, United Arab Emirates - 17 June 2019: Barclays has been named Middle East Financial Services Advisor of the Year 2019 in the prestigious Mergermarket M&A awards, in recognition of its leadership in the Financial Institutions space.
According to Mergermarket, the award is based on a number of factors, including Barclays’ commitment to client service and ......read more
Dubai, United Arab Emirates - 16 June 2019: a global leader in network and endpoint security, today announced Intercept X for Server with Endpoint Detection and Response (EDR). By adding EDR to Intercept X for Server, IT managers can investigate cyberattacks against servers, a sought-after target due to the high value of data stored there. Cybercriminals frequently evolve their methods and ......read more
Rio De Janeiro – Sharjah, 15th June 2019: The Sharjah Chamber of Commerce & Industry (SCCI) concluded its participation in the 11th edition of the World Chamber Congress (WCC), held in Rio De Janeiro, Brazil on June 12 – 14.
Under the theme “Creating a Shared Future”, the event was attended by 1200 participants from more than 100 countries around the ......read more
Two parties sign MoU to help promote trade, identify joint initiatives, and promote research and innovation
Dubai, United Arab Emirates - 15 June 2019: Dubai Maritime Cluster Office (DMCO) of Dubai Maritime City Authority (DMCA) has joined forces with the Irish Maritime Development Office (IMDO) to further boost the maritime collaboration between the two as both work towards ......read more
The UAE’s Leading Free Zone Has Announced Plans to Help Customers Leverage New Visa Options
Dubai, United Arab Emirates, 15 June 2019: In its efforts to support the goals of the UAE Government, Jebel Ali Free Zone (Jafza), a key engine of economic diversification and leading source of foreign investment, is offering facilities to obtain long term visas for its customers to attract ......read more
By Althea Spinozzi is a Fixed Income Specialist at Saxo Bank
Dubai, United Arab Emirates - 13 June 2019: The hunt for yield in the bond market has resumed in earnest as investors bet on dovish policy from global central banks. Be wary, however, of the pronounced rally in Italian sovereigns as Rome's European troubles look set to come back with a vengeance in the latter part of ......read more
• ‘Eco-system’ brands win over consumers as many traditional brand categories crumble
• Consumer technology brands pass the $1 trillion brand value mark
• Demand grows for ‘mindful marketing’ practices as the consumer voice strengthensin amore ethically-driven world
Dubai, United Arab Emirates - 13 June 2019: With little sign ......read more
Dubai, United Arab Emirates - 13 June 2019: Mesrkanloo International Exchange has signed an investor partnership agreement with Dubai Quality Group (DQG), to strengthen the quality, business excellence, innovation, technology, and leadership in the exchange sector.
In appreciation ceremony for its investment in DQG’s initiatives, a delegation headed by Eng. Hassan Omar, ......read more
Dubai, UAE, 12 June 2019: Following a multi-agency pitch, Leo Burnett MEA has won the creative services assignment for Bee’ah, the Middle East’s sustainability pioneer, to further establish and strengthen its brand. The agency will develop an integrated re-launch communication strategy and design corporate and brand communications campaigns to forge a deep connection with the ......read more
June 12 2019, Riyadh, Saudi Arabia: Intertek, a leading Total Quality Assurance provider to industries worldwide, has awarded Almarai Company, Middle East’s leading food and beverage manufacturer and distributor, the ISO 9001:2015 certification for Quality Management Systems. The certification has been obtained for all Almarai’s operations in Saudi Arabia through a series ......read more
New research shows privacy, security are frequently key consumer concerns and drive buying decisions
73% of consumers think people using connected devices should worry about eavesdropping, and 63% think connected devices are “creepy” in the way they collect data about people and their behaviors
Dubai, United Arab Emirates - 12 June 2019: A global survey conducted by ......read more
1. Vincitore Realty, Dubai’s Finest Bespoke Real Estate Developer, sold out Phase 1 of its new revolutionary project, Vincitore Benessere, in just 3 weeks from launch.
2. Vincitore Benessere, a project worth over Dhs 375 million, becomes one of Dubai’s fastest selling project in QI 2019, bridging the gap between Luxury, quality Lifestyle and Wellness in ......read more
Al Muallem: “We Offer Our Customers The Most Robust Infrastructure For Automotive Trade In The Region.”
Dubai, United Arab Emirates, 10 June 2019: DP World UAE Region’s strategic solutions and services have consistently catered to the automotive and spare parts sector, driving forward economic diversification in line with the UAE government goals.
The trade ......read more
Establishes co-innovation partnership focused on AI and machine learning solutions for distributed energy resources
Dubai, United Arab Emirates - 10 June 2019: Schneider Electric, a leader in the digital transformation of energy management and automation, has announced an investment in AutoGrid, a leader in flexibility management software for the energy industry.
The ......read more
Bank’s Keep the Creek Clean initiative clears more than 5,400kgs of waste from the ocean
Dubai, 08 June 2019: Emirates NBD, a leading financial institution in the region, is celebrating World Ocean Day this year by highlighting its commitment to preserving marine biodiversity, under the bank’s Keep the Creek Clean marine conservation programme.
The Keep the Creek Clean ......read more
The UAE has started issuing 10-year residence visas to select group of investors, professionals and scientists – as the country begins liberalising residency permits to gradually allow permanent residency
Dubai, United Arab Emirates - 01 June 2019:
1. UAE has started issuing 10-year residence visas to select group of investors, entrepreneurs, ......read more
OMEGA and ALINGHI have joined forces in a brand new sailing partnership, just days before the launch of the GC32 season in Villasimius.
Dubai, United Arab Emirates - May 29, 2019: For more than 25 years, the prestigious Swiss watchmaker has shown a proud commitment to the world of sailing and it will continue that passion by accompanying the ALINGHI team on its competitive ......read more
73% across the Middle East, spiking to 85% in KSA, are aware of financial crime in their global operations
85% across the region, rising to 92% in KSA, believe humans are a necessary asset to source trusted data and train algorithms
100% in KSA, 99% in the UAE believe that technology can significantly help with financial crime ......read more
Emerges as one of the top recruiters in the 100-day Emiratisation Accelerator Program
Dubai, 28th May 2019: UAE Exchange, a renowned financial services brand in the United Arab Emirates, received an appreciation award from the Ministry of Human Resources and Emiratisation for their commitment and contribution to the Emiratisation initiative under the Government Accelerators program. The ......read more
Growth in Emerging Markets is Almost Twice the Rate of Developed Markets
Dubai, United Arab Emirates - May 26, 2019: Oliver Wyman and Deutsche Bank today released their fourth annual Wealth Management report titled “Out of the pit stop - into the fast lane.” In 2018, Wealth Managers faced growing headwinds.
The report finds that global ......read more
Abu Dhabi, 25 May 2019: H.E. Hussain Jasim Al Nowais, Chairman of Khalifa Fund Enterprise Development (KFED) has received a delegation from the Republic of Mali headed by H.E Dr. Boubou Cisse, Prime Minister of Mali at the Khalifa Fund headquarters in Abu Dhabi to explore and learn more about the Fund’s experiences in initiating the culture of leadership among UAE ......read more
Dubai, United Arab Emirates - May 25, 2019: An Algerian delegation has recently visited Dubai Customs to view its experience in the risk engine, K9 Unit, and Riise; the new disruptive project of Customs World.
The Algerian delegation included Boutaleb Redouane, Director of Resource Department, Boudadi Smail, Director of Transport and Information Center, and Samir ......read more
Dubai, United Arab Emirates, 25 May 2019: Jebel Ali Free Zone (Jafza), the Middle East’s leading economic zone, and Dubai Chamber of Commerce and Industry have taken a major step forward in promoting ease of doing business in Dubai by introducing a new system that allows Jafza customers to obtain a Dubai Chamber Membership Certificate through its Dubai Trade portal.
The integration ......read more
May 23, 2019 - Dubai, UAE
The prestigious Icons club launched an iconic coffee table book, which include many inspiring stories of UAE business tycoon’s journey. Present on the occasion were honourable Mr Vipul - Consul General of India, Mr Rizwan Sajan chairman of Danube Group and Icons Club along with other members of the club and creme de la crème of the society.
The book is ......read more
• Lenovo posts record fiscal year results with revenue reaching all time high of US$51 billion, up 12.5% year-on-year
• Intelligent Transformation strategy drives PTI jump to US$856 million – up more than four times at 459% YOY
• Net income is US$597 million, an increase of US$786 million from last year
• Strong fourth quarter performance included double-digit ......read more
Dubai, United Arab Emirates - May 23, 2019: Award-winning creative leader Liz Taylor will join Leo Burnett Worldwide as chief creative officer. Starting July 8, she will sit at the agency's Chicago headquarters leading the creative direction of the global agency network. Taylor will work alongside the network's creative leadership team to help build the agency's offering ......read more
Amadeus, Itochu Corporation, Bouygues Construction and Caisse des Dépôts invest to support innovation and data exchange technology.
Dubai, United Arab Emirates - May 23, 2019: Dawex, a leading data exchange technology company and the operator of the largest data marketplace, today announced a new round of funding of €5 million with Amadeus (AMS.MC), Itochu ......read more
Dubai, United Arab Emirates - May 22, 2019: The Schneider Electric Worldwide Employee Share Ownership Plan (WESOP) won the award for ‘Best Plan Effectiveness’ last week at the Global Equity Organization (GEO) annual meeting in The Netherlands. GEO is an international network meeting for professionals of equity plans, such as WESOP or Long-Term Incentive ......read more
Dubai, United Arab Emirates - May 22, 2019: Sony Corporation registered a strong operating income of US$8.06 billion (¥894.2 billion) in fiscal year 2018 ended March 31, 2019, with a year-on-year growth of 22 per cent compared to the year ago.
The company’s consolidated sales and operating revenue was valued at US$78.14 billion (¥8.65 trillion), compared ......read more
• Achieves Q1 2019 revenue of AED 45mn, a YoY increase of 19%
• Q1 net loss at AED 11mn on account of off-hire days for a vessel and additional expenses attributed to 10-year special survey
Dubai, United Arab Emirates, May 20, 2019: Gulf Navigation Holding PJSC (“GNH” or “Company”), the Dubai Financial Market listed maritime and ......read more
Strengthening the company’s groundbreaking Cloud Agent Platform, Qualys’ new high-availability proxy appliances simplify and secure connectivity for large-scale Cloud Agent deployments
Dubai, United Arab Emirates - May 20, 2019: Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of cloud-based security and compliance solutions, today unveiled ......read more
May 20, 2019: The UAE-based, Grandweld Shipyards, recently announced the launch of its sixth pilot boat for Kuwait Oil Company (KOC). As per a contract signed in May 2017, the “MESKAN” is the final boat of ten – four crew transport boats and six pilot boats – that Grandweld was required to build for KOC’s fleet.
With this launch, the total number of six ......read more
Results establish sustainability as a new workplace standard for successful businesses, and identifies opportunities to advance sustainability in the office
• 46 percent of survey respondents globally would only work for companies with sustainable business practices, while 61 percent believe business sustainability is mandatory
• 58 percent said ......read more
The GCC’s Leading Free Zone Takes a Bold Step to Celebrate Year of Tolerance
Dubai, United Arab Emirates, 19 May 2019: Jebel Ali Free Zone (Jafza), the Middle East’s leading special economic zone and key growth engine of Dubai’s economy, has announced it will waive an estimated AED 35 million in fines owed by its customers, in commemoration of the UAE Government’s ......read more
The First Free Zone in the Country to Return Cash and Bank Guarantees
Dubai, United Arab Emirates, 18 May 2019: To promote ease of doing business and to support its customers Jebel Ali Free Zone (Jafza), the GCC’s largest special economic zone, will become the first free zone in the country to return cash and bank guarantees to its clients through its new Workforce ......read more
• Combination with major shareholder ADFG progressing through final stages, followed by regulatory and shareholder approvals
• Q1 reported revenues increase 67% quarter-on-quarter to AED 55.4 million
• Net loss in quarter of AED 24.9 million on the back of legacy provisions and one-off items
Dubai, United Arab Emirates - May 18, 2019: SHUAA Capital ......read more
Dubai, United Arab Emirates - May 16, 2019: Two members of the Middle East Facility Management Association (MEFMA) bagged major awards at the prestigious Global FM Awards of Excellence 2019. UAE-based integrated facilities management (FM) providers Emrill Services and Adeeb Electrical & Electronics Services were honored in the recently concluded competition for their effective ......read more
It will showcase the first UAE experience in human space flights field
Dubai, United Arab Emirates - May 16, 2019: Mohammed bin Rashid Space Centre (MBRSC) announced opening early registration for the 22nd session of the International Academy of Astronautics (IAA) Humans in Space Symposium, hosted in Dubai for the first time in the Middle East and North Africa.
The event will be ......read more
Dubai, United Arab Emirates - May 15, 2019: Swissport achieved an operating EBITDA of 273.2 million euros in 2018, an increase of 24.1 percent over the previous year's result of 220.1 million euros. Total revenue from operating activities increased to 2.99 billion euros, up 6.7 percent from 2.81 billion euros in 2017.
With revenue of 2.99 billion euros for 2018 ......read more
Dubai, United Arab Emirates, 14 May, 2019: DP World, UAE Region has been recognised for its efforts to create a more efficient and sustainable supply chain when it was awarded the Supply Chain Sustainability Award at this year’s Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Conference. Mohammed Sulaiman, Business Development Manager of DP World, UAE Region, ......read more
Dubai, 14 May 2019: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently handed over the AED 1 million cash prize for its monthly Kunooz Savings Account draw to the lucky winner, Indian national Abdul Razak Kalathumkara.
Commenting on his win, Mr. Abdul Razak Kalathumkara said: “I was overjoyed to receive the good news from the bank ......read more