May 23, 2018 - Dubai, UAE:
Bayzat (www.bayzat.com)is looking to become the one stop solution for small- and mid-sized companies. The technology company provides insurance and HR solutions for SMEs. Founded in 2013, the company is making waves in the Middle East – in 2017, it made it to the Forbes list of Top 100 Startups in the Arab World.
The company’s founder, Talal Bayaa, and his team noticed the fragmentation in the UAE financial sector and they decided to launch a product that would make it easier for individuals and companies to compare different insurance options.
Bayzat’s main product isthe Health Insurance comparison service, which examined policies in real time. The service can cut processing times by 50% and save at least 20% on associated insurance costs. The service is available for companies but ......read more
Promotes Abhijeet Vijayvergiya as President & Managing Director, Global Accounts and Asia Pacific
Global brands such as Pizza Hut, VF Brands, KFC, Bata, Asics, Unilever, Siam Makro leverages Capillary solutions across multiple countries
DUBAI – May 23, 2018: Capillary Technologies, with presence in 30+ countries and helping consumer businesses achieve digital transformation, using its AI Powered technology platform; today announced that it has grown its global business by 200% YoY and has elevated Mr.Abhijeet Vijayvergiya as its President & Managing Director, Global Accounts and Asia Pacific.
In the new role, Abhijeet will be not only continue to own sales for Asia Pacific but also be responsible to nurture and scale Capillary’s global accounts such as Pizza Hut, KFC, Bata, Asics, VF Brands, Siam Makro. ......read more
Appreciation Award for Representative Entities during the DED Business Excellence Awards Ceremony
Dubai, UAE, May 22, 2018: The French Business Council Dubai and Northern Emirates (FBC) has received the Dubai Quality Appreciation Award for Representative Entities, presented by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Mohammed bin Rashid Al Maktoum Knowledge Foundation. This award was given during the Business Excellence Awards Ceremony held on Tuesday, 24th April 2018 at Dubai Opera.
The Dubai Quality Award is an initiative created by the Department of Economic Development (DED) to promote quality and excellence. It provides organizations a tool to benchmark performance and document existing gaps, but also ......read more
Abu Dhabi, UAE – 22, May 2018: The Central Bank of the UAE (CBUAE) today publishes the Financial Stability report for the year 2017. The Financial Stability Report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy measures introduced by the Central Bank. The Financial Stability Report also includes an assessment of key macro-financial and banking-sector developments that may affect financial stability in the United Arab Emirates. The Financial Stability report is produced annually, in line with the UAE Government’s goal of creating greater transparency throughout the UAE financial system.
H.E. Governor, Mubarak Rashed Al Mansoori, said: “The UAE banking sector remains resilient, with robust capital ratios, liquidity ......read more
Islamic Finance: Scalable and sustainable source of funding social infrastructure
Dubai, UAE, May 21, 2018: Policy makers, the private sector and governments continue to find ways to bridge gaps in infrastructure funding, with social infrastructure landscape climbing to the top of agendas in importance. Deloitte Middle East continues to bring the latest insights on this trend through its new Islamic Finance insights series, “Scalable and sustainable source of funding social infrastructure”.
The industry whitepaper published by Deloitte’s Islamic Finance Knowledge Center (IFKC) in the Middle East, is produced in collaboration with the Chartered Institute of Securities and Investment (CISI), UK. The analysis, views and policy recommendations have been contributed by prominent industry thought ......read more
Middle East accounts for 4.75% of global ransomware numbers in Q1 of 2018, finds Trend Micro report;
Free tools ideal for businesses who do not use Trend Micro endpoint solution
May 21, 2018 - Dubai, United Arab Emirates
The Middle East and North Africa in Q1 of 2018, have accounted for 4.75% and 1.75% respectively of global ransomware threats, and Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, is committed to protecting customers and consumers against today’s greatest security threats. Trend Micro has blocked more than 100 million ransomware threats for their customers in the last six months alone, with 99 percent of threats blocked from email and web traffic. Recognizing the growth and impact of ransomware, the company has taken a holistic approach to ......read more
DUBAI – May 20, 2017: Euromax Personal Care, a division under Dubai-headquartered Eurostar Group, has initiated a campaign titled ‘Bring your own razor’ (BYOR) to salons, aimed to educate consumers about raising the bar on personal hygiene and safety. The campaign focuses on ‘one man, one razor’ theme about using own shaving products in salons in line with the existing guidelines of civic bodies.
Eurostar Group is now focusing on personal care segment, taking a range of products with highest quality standards to global markets.
Euromax introduces a professional salon shaving kit, which will enable consumers to carry their own preferred shaving devices and products to the salon. This will help them get a hygienic shave better safeguarding them from allergies and other spreading ......read more
Holborn Assets reveals their clients’ most common current concern is based on predicted market volatility
Dubai based firm explains how a diversified investment portfolio offered great returns during the steady markets in 2017, but also protects against the volatility that has been seen this year.
Dubai, United Arab Emirates, May 20, 2018: A leading financial adviser has revealed how investors can best protect their investment portfolio during the current period of volatility and uncertainty.
Stefan Terry, Senior Partner at financial services and advisory firm, Holborn Assets, believes that a robust and diversified investment portfolio invested in a range of geographic locations and industry sectors as well as being spread across the major asset classes – equities, bonds, commodities ......read more
Dubai, United Arab Emirates, may 17, 2018: The Central Bank of the UAE (CBUAE) announced that, as of May 17, 2018, it will publish on its website, a list of foreign currency rates against the AED (Arab Emirates Dirham), to help UAE business entities calculate their VAT obligations to the UAE Federal Tax Authority.
This service is in line with the requirements of Federal Law No. 8 on Value Added Tax.
United Arab Emirates, May 17, 2018: The Higher Sharia Authority (HSA) for financial and banking activities in the UAE held its third meeting at 9am of Sunday 13 May 2018.
The meeting was chaired by His Eminence Sheikh Dr. Ahmad Bin Abdulaziz Al Hadad, the Chairman Higher Sharia Authority.
The HSA discussed a number of matters related to the creation of a unified Sharia governance framework for Islamic financial institutions (IFIs).
The HSA considered the draft standard on the appointment of the internal Sharia boards for IFIs and the fit and proper criteria in addition to some related headlines.
This standard is going to promote the role of the internal Sharia boards and strengthen Sharia compliance assurance in IFIs which will reflect positively on customer confidence in IFIs.
The HSA considered the ......read more
May 17, 2018 - Dubai, UAE: The latest scandal that unfolded with Facebook and how it has shared some user data with third parties has finally got everyone talking about data security and what could be done to properly protect the right to privacy – or, at least, the right to know who and how is using our data. It seems like the perfect timing for the General Data Protection Regulation (GDPR), EU’s latest privacy law, to come into effect on May 25, 2018.
GDPR Applicable to Dubai Companies
The new Regulation is a comprehensive attempt to codify and reform EU rules on data protection and privacy as part of the EU legislation. According to the new rules, there is an increased focus on security as organizations collecting, storing and processing data are required to take steps in order to ensure that the personal ......read more
Dubai, UAE – 14 May 2018 – Ithmaar Holding B.S.C., a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, each announced their financial results for the first quarter of 2018 with both reporting profits for the period.
The announcement by the Ithmaar Holding Chairman His Royal Highness Prince Amr Al Faisal, who is also the Ithmaar Bank Chairman, follows the review and approval of both Board of Directors of the consolidated financial results for the three-month period ended 31 March 2018.
The Ithmaar Holding reported a net profit of US$4.81 million for the three-month period ended 31 March 2018, a decrease of 16.9 percent compared to a net profit of US$5.79 million for the same period in 2017. Net profit attributable to equity ......read more
Dubai - May 14, 2017: Caparol Paints, a global provider of German paint and coating solutions, has announced celebration of 20 years of excellence for CapaStone, a premium natural stone-like finish texture paint for interior and exterior surfaces. CapaStone has carved out its legacy and emerged as a market leader for over the past two decades in the Middle East.
CapaStone is a superior quality pure acrylic water-based paint system with coloured inorganic crushed natural stone aggregates for interior and exterior surfaces which are manufactured with cutting-edge German technology. The paint system is inspired by the natural scenic beauty and landscapes of the Middle East. The product is available in an exquisite range of breath-taking natural stone-like ﬁnishes to suit various architectural requirements.
Commenting on ......read more
Unique collection and first of its kind jewellery makes debut at the AMIRA store in Dubai Festival City
The first jewellery brand in the UAE that is crafted specially for the growing millennial demandswithin UAE
Dubai, 14th May2018: AMIRA proudly announces the opening of its exciting new flagship store located in Dubai’s most popular shopping destination, Dubai Festival City. The new store truly reflects the essence of AMIRA and exudes the radiance, cosmopolitan nature and optimism of the brand. The newly designed store on the link bridge, elegantly showcasing AMIRA’s latest and extensive jewellery offerings.
In an exclusive event to celebrate the opening, AMIRA’s first store saw the presence of Ahmad Khalifa Ali Al QaiziAlFalasi, CEO, Corporate Services and Investment, Department ......read more
ADNOC will build on existing foundation in Ruwais, Abu Dhabi, to create the world’s largest integrated refining and petrochemicals complex
Creation of new partnership and investment opportunities to enable ADNOC to further stretch the value of every barrel produced and leverage growth in demand for higher value downstream products
Development of an integrated downstream ecosystem, including new Derivatives and Conversion Parks, to stimulate In-Country Value creation, employment opportunities, and private sector and GDP growth
Downstream strategy to add more than 15,000 jobs by 2025 and contribute an additional 1% to GDP per year
Abu Dhabi, United Arab Emirates, May 13, 2018: The Abu Dhabi National Oil Company (ADNOC) today unveiled plans to invest AED 165 billion (US $45 billion) alongside ......read more
Dubai, UAE; May 09, 2018: Hormann Middle East and Africa, has launched the upgraded DOBO system allowing increased security and reduced heat loss through the loading bay doors when trucks dock.
DOBO system ensures safety and prevention of theft. With this system, the lorry doors are only opened shortly before loading. The semi-trailer can remain docked to the loading bay unattended, for example, overnight. It also provides safety for drivers: they can dock completely without exiting the vehicle, preventing them from entering the zone between the vehicle and the ramp.
DOBO system is also perfect for refrigerated warehouses. To fully utilize the floor space of a refrigerated warehouse, the DOBO system is combined with a thermal loading house. The industrial door closes the loading house from the outside. The expended ......read more
DP World subsidiary to work on chain of superyacht marinas in exclusive agreement with Ports of Monaco
Dubai, UAE, 08 May 2018: DP World Group subsidiary, P&O Marinas has announced an agreement with Monaco government owned Société Monegasque International Portuaire (SMIP) to work on selected marina projects in the Mediterranean and other locations around the world.
A Memorandum of Understanding (MoU) has been signed in Monaco to invest, develop and manage yachting destinations dedicated to superyachts. The agreement was signed by Mohammed Al Mannaei, CEO of P&O Marinas and Mr. Aleco Keusseoglou, Chairman of SMIP in the presence of Mr. Rado Antolovic, CEO & MD of P&O Maritime, Mr. Gian Battista Borea d’Olmo, Executive Director of SMIP, Ms Fabiana Maccarini, Research and Development Officer, P&O Marinas and ......read more
Hyper Island introduces its expertise in the UAE to offer solutions that enables professional development
Tuesday, May 8 (Dubai) — Global brands such as Volvo, Coca Cola, Unilever, P&G, Microsoft, Dentsu, IKEA and Adidas have all sought the business and educational solutions of Hyper Island, a Swedish pioneer that brings transformation in businesses and empowers employees with new skills. Hyper Island is now offering its executive business educational programmes and innovation strategies in the United Arab Emirates and Middle East & North Africa.
“We are absolutely delighted to launch a presence in the UAE and the MENA region. Hyper Island has over twenty years of experience in the educational and business innovation sector with global brands across the world. We have learning hubs in Stockholm, Singapore, ......read more
May 06, 2018 - Dubai, UAE: Milano, UAE’s leading brand in sanitary ware, electrical, water purifier, hardware and tiles, held its annual gathering for authorized dealers on Friday at Bollywood Parks, Dubai where more than 400 dealers across the UAE attended the event.
Milano presented the latest product range to the dealers which included new variation added in sanitary ware, electrical, tiles, and hardware products. Joining the existing range of products are Milano Fix adhesive, Shower-head with micro fabric filters, PU Foam, Digital door viewer, Pressure washer and a new range of door handles. The dealers were given detailed information about the new products launched which resulted in on-the-spot order bookings.
Anis Sajan, Managing Director of Danube Group added, “With an increase of 35% in business growth last ......read more
Abu Dhabi, UAE – 06 May 2018: The Board of Directors of the Central Bank of the UAE held its 3rd meeting for 2018 at 9:30am on Tuesday, 1st May 2018, at the Central Bank Head Office – Abu Dhabi, under the chairmanship of H.E. Khalifa Mohammed Al Kindi, Chairman of the Board. The meeting was attended by H.E. Khalid Juma Al Majid, Deputy Chairman, H.E. Mubarak Rashed Al Mansoori, the Governor, and Board members; Their Excellencies Younis Haji Al Khoori, Khalid Mohammed Salem Balama, Khalid Ahmad Al Tayer, Hamad Mubarak Buamim, as well as by Their Excellencies Mohamad Ali Bin Zayed Al Falasi, Deputy Governor, Saif Hadef Al Shamsi, Assistant Governor and a group of senior Central Bank staff.
The Board reviewed the following reports submitted by Monetary and Reserve Management ......read more
Initiative helps bring down money exchange and bank theft in the UAE by 90%
Dubai. UAE – May 5, 2018: The Foreign Exchange and Remittance Group (FERJ), a consortium of businesses engaged in the foreign exchange and remittance industry, attended the 3rd edition of Awareness Training by Dubai Police, held on 25th April at Dubai Police Officers Club. The initiative by Dubai Police works on training employees of banks and exchange houses to avoid falling victims of swindling and deception.
Thanks to such awareness sessions and other security initiatives taken by Dubai Police, there has been a 90 per cent drop in crimes in banks and money exchange houses last year compared to 2016.
FERG has been working closely with Dubai Police to combat financial crimes related to foreign exchange and money transfers. ......read more
Agreement paves the way for the launch of UAE’s first fully-licensed celebrity crypto exchange
Dubai, 2 May 2018 – In a partnership aimed at expanding its celebrity token footprint to the Middle East, the Global Crypto Offering Exchange (GCOX) has signed a memorandum of understanding (MOU) with Bin Zayed International L.L.C.
In addition to meeting the growing demand for decentralised blockchain applications around the world, this new strategic partnership, which was signed during the Future Blockchain Summit in Dubai, paves the way for the launch of UAE’s first fully-licensed celebrity tokens crypto exchange.
“With the global crypto market predicted to be worth over US$6 billion by 2025, and the rate of adoption expected to grow exponentially in the coming year, the importance of capitalising ......read more
Banks’ asset growth remains robust at 4.4 per cent
Overall net profit increased 6.7 per cent year-on-year
Non-performing loan (NPL) ratio for the GCC banking sector reduced by 0.3 per cent to 3.2 per cent
Dubai, United Arab Emirates, May 02, 2018: KPMG has released the findings from the third edition of its annual GCC listed banks results report, which analyses the financial results for leading listed commercial banks across the GCC in 2017.
Titled ‘Shifting horizons’, the report shows that banks’ asset growth remains robust at 4.4 per cent, particularly when compared with more developed markets. Growth was driven by increased lending to government and related entities to support national-level growth initiatives.
Driven by the larger ......read more
Saudi Arabia’s ICT spend to reach US$ 40 billion this year
Trend Micro participates in Smart Transformation Summit as strategic partner
May 2, 2018 - Dubai, UAE
Saudi Arabia’s digital transformation continues to burgeon with reports showing that the Kingdom’s ICT spend grew 6 per cent in 2017 to over US$36 billion and is predicted to expand further this year to reach the value of US$ 40 billion.
With the pace of KSA’s digitization continuing in rapid acceleration, Trend Micro, a global leader in cybersecurity solutions, emphasized the need for a modernized, integrated and secured system, noting the serious privacy and security challenges that come with a vast web of interconnected technologies.
Speaking at the Smart Transformation Summit in Riyadh, Dr. Moataz Bin ......read more
Youth Seminar on ‘The Benefits of Real Estate Investment’ – A Local Perspective with a Global Vision 2018
Dubai, United Arab Emirates, 1st May 2018: Youth in real estate investment was the focus of the second day of the 69th edition of the International Real Estate Federation’s FIABCI World Congress, which was inaugurated on Monday 30th April in Dubai and will run until 2nd May under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
During the event, which is being held for the first time in the MENA region under a ‘Happy Cities’ theme, Dubai Land Department (DLD) organised a youth seminar in cooperation with the Emirates Youth Council and in the presence of a group of developers to discuss the ......read more
The new breakthrough ATM solution will help the bank redefine banking experience
Dubai, UAE, November 15, 2017: NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions announced today, that Mashreq Bank, one of the leading financial institutions (FIs) in the UAE, has added the innovative NCR SelfServ 82 ATM, which is part of the NCR SelfServ™ 80 Series family that ......read more
Partnering on program with Airbus, TAQNIA, Saudi Arabian Airlines and other prominent Saudi companies
Winning participants to be announced in 2018
DUBAI, United Arab Emirates (Nov. 15, 2017): Rockwell Collins has joined an initiative with Airbus, TAQNIA Aeronautics, the Saudi Technology Development and Investment Company, Saudi Arabian Airlines and other Saudi companies to support ......read more
Hisense will obtain the TV business including production, research & development, and sales functions
Acquisition will further develop and grow Hisense international strategy for TV Business
Dubai, UAE: 15 November 2017: Hisense Electric Co., Ltd, a publicly listed subsidiary of Hisense Group announced the agreement to acquire Toshiba TV Productions for a total of US$ 113 ......read more
Net profit up to AED6.3 million
(Dubai, UAE- November 15, 2017): Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and corporations in the region, has reported a net profit of AED6.3 million for the first nine month ended 30 September 2017 compared to a net loss of AED (12.8) million for the same period last ......read more
Son of DAMAC Chairman and Founder named “Future Star” for entrepreneurial spirit and potential in industry
Dubai, United Arab Emirates – 15 November 2017: Ali Sajwani, son of DAMAC’s Founder and Chairman, Hussain Sajwani, was recognised as one of Middle East’s “Future Stars” at a red carpet awards ceremony, held last night in Dubai that was ......read more
Oversubscribed facility focuses on growth opportunities & strategic expansion
Dubai, United Arab Emirates, November 14, 2017: Unatrac Holding Limited (“Unatrac”), the exclusive Caterpillar dealer in Ghana, Iraq, Kenya, Liberia, Nigeria, Russia, Sierra Leone, Tanzania and Uganda, announced today the successful completion of a $275m credit package ......read more
Dubai-UAE: 13 November, 2017: Noor Bank, a leading Shari’a-compliant bank in the UAE, today announced that it has partnered with Global Village, the region’s first and largest multi-cultural festival park.
Mufazzal Kajiji, Head of Retail Banking at Noor Bank, and Bader Anwahi, Chief Operating Officer of Global Village signed an agreement outlining the terms of the ......read more
UAE, November 12, 2017 - Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, reported strong financial results by achieving a combined net profit of AED 52 million (Policyholders and Shareholders before Qard Hasan) and an underwriting profit of AED 41.4 million as at end of Q3 2017. ......read more
The new partnership is in line with the rise in online trading observed across the nation
Dubai, UAE, 05 November 2017: With online trading on the rise in the UAE, global payment network UnionPay International and Mashreq Bank have announced a collaboration to ensure UnionPay cards are accepted on all online merchants of Mashreq Bank.
Research conducted by Payfort, an Amazon ......read more
Dubai, UAE, November 11, 2017: Lombard Odier, leading global wealth and asset manager, has reinforced its dedication to the Gulf Cooperation Council (GCC) region with the prestigious ‘Overall GCC Private Bank’ award at the 2017 WealthBriefing GCC Region Awards ceremony last night.
With over 50 years of service in the region, Bank Lombard Odier & Co Ltd - ......read more
DUBAI November 09, 2017: EFS Facilities Services, a regional leader in facilities management services across the Middle East, Africa, South Asia and Turkey, has been awarded a contract to launch an integrated facility management venture at King Abdullah Economic City (KAEC).
Under the terms of the agreement, EFS will provide integrated facilities management services across the ......read more
The money transfer mobile app and website add to the portfolio of digital assets.
Mobile app has features to track forex rates and fees via graphs for users to calculate the best times to transfer money.
Abu Dhabi, 09 November 2017: UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, announced the launch of its new money transfer ......read more
Dubai Knowledge Park, Society for Human Resource Management unveil findings of market research study: ‘Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’
Study identifies global HR trends, emerging HR hubs
Dubai-UAE: 8 November, 2017: Dubai Knowledge Park (DKP) and the Society for Human Resource Management (SHRM), the world's ......read more
OurShopee- one of the trustworthy shopping website located in UAE and Oman declares the launching of its online shopping website in the first week of November in Qatar. Ourshopee reassured its customers about the genuine quality of its products by giving them the 100% guarantee that shopping on the site would ensure an authentic shopping experience.
“Ourshopee is one of the leading ......read more
UPS Revenue Rises 7% on Balanced Shipment Growth and Yield Expansion
International Operating Profit Climbs 8.9%; Currency-Neutral Profit* up 20%
Daily Export Volume up 19% for 3rd Straight Quarter of Double-Digit Growth
U.S. Domestic Revenue up 3.9% on Higher Package Demand and Yields
U.S. Operating Profit of $1.2B, Including $50M of Negative Hurricane Impact
Supply Chain & ......read more
Dubai, November 7, 2017: Al Mal Capital PSC (AMC), a subsidiary of Dubai Investments PJSC and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has signed a partnership agreement with Azimut Group to jointly launch a Middle Eastern equity fund.
The Fund will be established by AZ Fund Management S.A., Azimut Luxembourg fund ......read more
Abdullah Mohammed Juma Al Naboodah , Chairman for Saeed & Mohammed Al Naboodah Holding pledges his commitment to sustainable practices
Dubai, United Arab Emirates - 06 November 2017: Al Naboodah Group Enterprises (ANGE), one of UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, kickstarted Sustainability Week, a week-long employee ......read more
The UAE-wide campaign aims to encourage an open and honest dialogue about poor spending habits and the barriers to saving.
Dubai, United Arab Emirates, 6 November 2017: National Bonds, a leading UAE investment company, has launched a nationwide campaign to encourage UAE residents to identify personal challenges to saving in a bid to instill a culture of saving across the ......read more
Leading international brands line up range of innovative offerings customized for regional requirements at Intersec 2018
Dubai, UAE, November 2, 2017: Businesses and commercial enterprises in the Middle East are on the lookout for the latest in security solutions and foolproof monitoring systems, as they endeavour to ensure a safe and secure environment to conduct business.
This ......read more
Mashreq exclusively offers personalized financing options for investors
Dubai, United Arab Emirates, 1st November 2017: Mashreq Bank, one of UAE's leading financial institutions, is the official banking partner for this year's Dubai Property Show in Mumbai in its third edition, which will take place from 03 to 05 November 2017 in Bandra Kurla Complex, Mumbai.
As ......read more
Dubai, UAE, November 2, 2017: Lombard Odier, global wealth and asset manager for private and institutional clients, is pleased to celebrate 30 years in Asia as it continues to grow its business in the region.
Lombard Odier first established its Asian presence in 1987, to fulfil the investment goals of global clients. With offices in Hong Kong, Singapore and Tokyo, today it manages ......read more
5th Year of the ‘Unilever Sustainable Living Plan’ marked by:
Event highlights progress against Collective Action via JAFZA Sustainability Network, Young Entrepreneur Awards and Zero waste to landfill blueprint
Dubai, November 1st, 2017: To mark the 5th year of the Unilever Sustainable Living Plan (USLP), Unilever Gulf hosted an event titled #DrivingCollectiveAction ......read more
UAE, October 31, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has launched its latest Winter Promotion under the theme ‘Win Your Dream Home’. Exciting prizes will be given away, including 1 kilogram of gold and cash prizes worth more than AED 75,000. The two-month long promotion will start on November 1 and will conclude on December ......read more
October 31, 2017 - Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading regional UAE-based district cooling utility company, announced today that its stock has become certified as Shari’a compliant.
The announcement follows the recent meeting of the Islamic Banks’ Unified Committee for Shari’a Screening. As a result, ......read more
Dubai, UAE, October 31, 2017: Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 468.7 million for the nine months ended 30 September 2017, an increase of 6.0% as compared to US$ 442.1 million achieved in YTD Q3/2016. The net profit achieved for the third quarter of 2017 was US$ 157.4 million, higher by 11.7% than 2016 third quarter reported ......read more
~Event attracts 150 plus delegates from strategic industry sectors~
Dubai, 31 October 2017: Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, held a high-power HR Summit at the Sheraton Dubai Creek Hotel today.
The Smart Pay HR Summit, now in its third edition, witnessed more than 150 participants from a cross-section of industries coming ......read more
Ras Al Khaimah, 30 October 2017: Saud Bin Saqr Establishment For Youth Enterprises Development (RAK-SME) has been named bronze winner of a Company of the Year category at The Stevie Awards’ 14th Annual International Business Awards (IBAs). RAK-SME was competing in the ‘Non-Profit or Government Organizations - Small & Medium Size’ category.
The Award was presented to ......read more
‘UAE’s Happiest Workplace’ partners with Dubai Economy to roll out Consumer Happiness Counters across its showrooms
Dubai, United Arab Emirates, 29 October, 2017: Al Naboodah Group Enterprises (ANGE), one of the UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, is pledging its full support to Dubai Economy and its ......read more
The Forum serves as a window of opportunities to discuss regulations and policies for prospective investors and to understand the key areas of focus for government bodies.
Both countries are gaining a strong foothold in terms of contributing to the global economy and establishing their authority.
DUBAI – October 28, 2017: The third edition of the annual UAE-India ......read more
10 UAE Nationals to receive world-class vocational training in collaboration with Deutsche Bahn
Abu Dhabi, UAE: 28 October 2017: Etihad Rail DB, the operations and maintenance arm for Stage One of the UAE’s national railway network, and the Abu Dhabi Vocational Education & Training Institute (ADVETI) have launched the UAE’s first Rail Diploma, aiming to develop a highly ......read more
Foundation’s customer services confined to online, smart channels on Thursday, October 26
Exceptions made for elderly, people of determination
Dubai-UAE: 26 October 2017: In line with the ‘Day without Service Centres’ initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Awqaf ......read more
UAE Exchange opens DigiLab, a permanent innovation showcase at its Global Headquarters in Abu Dhabi, which exhibits the Group’s digital assets.
DigiLab inaugurated by Mr. N. Chandrababu Naidu, Honourable Chief Minister of Andhra Pradesh, India.
DigiLab displays the veritable journey of the company in innovation and digital empowerment.
Abu Dhabi, 25 October ......read more
January to September 2017
Adjusted EBIT raised EUR 883 million to EUR 2.6 billion
Revenues increased EUR 2.9 billion to EUR 26.8 billion
Free cash flow improved over 80 per cent to EUR 2.8 billion
Net financial debt reduced more than 80 per cent to EUR 521 million
Full-year outlook for 2017
Further slight decline in unit costs expected in fourth quarter
Unit ......read more
Offering an Easy, Private and Secure Way to Pay
Dubai, UAE 24 October 2017: Mashreq Bank, the leading financial institution in the UAE, today brings its customers Apple Pay, which will transform the mobile payments landscape in UAE with an easy, secure and private way to pay that’s fast and convenient.
Digital Payments is one of the key focus areas for Mashreq and we are ......read more
Riyadh, Saudi Arabia; October 24, 2017: With Noon, the new digital marketplace with the largest assortment of products set to roll out in Saudi Arabia before the end of this year, the Kingdom will witness a new era in youth entrepreneurship, said Mohamed Alabbar, the founder of Noon. He was addressing a media briefing with Faraz Khalid, Chief Executive Officer of Noon, on the sidelines of ......read more
The fund has outperformed its benchmark in each of the 10 years since inception, generating a total outperformance of over 43% since 2007
The fund has consistently been ranked in the top quartile of performers in the Morningstar Africa and Middle East Peer Group for the past 5 years
Outlook for the asset class and fund is bright, with Saudi Arabia’s likely inclusion in the FTSE ......read more
Larson&Holz broker launches an ICO to start an ultimately new project—a crypto-version of a retail Forex broker. Larson&Holz is a high-tech company, for 13 years it has been implementing innovative ideas and the top IT trends. Crypto-currencies are one of the most promising and fastest-growing fields in the cyber community. People increasingly prefer e-money to conventional and pay ......read more
Dubai, UAE, October 23, 2017: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that International Islamic Bank (IMTB), has gone live on the multi-awards winning system ICS BANKS ISLAMIC.
International Islamic bank chose ICS BANKS ISLAMIC to provide its customers with the bespoke products and services, ......read more
Dubai, UAE; 19th October 2017: Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the first nine months ending 30th September 2017.
Key highlights [9M 2017 vs 9M 2016]:
Healthy growth in Net Profit
Net profit for 9M 2017 stood at AED 1.7 billion - a 12.0% increase YoY
Impairment Allowance down ......read more
DUBAI, 18 October 2017: Eutelsat Communications (NYSE Euronext Paris: ETL) has acquired NOORSAT, one of the leading satellite service providers in the Middle East, from Bahrain’s Orbit Holding Group.
Established in 2004, NOORSAT is the premier distributor of Eutelsat capacity in the Middle East, serving blue-chip customers and providing services for over 300 TV channels almost ......read more
Dubai, United Arab Emirates- 18 October 2017: Mashreq bank, the UAE’s leading financial institution closes a US$ 50 million two-year syndicated term facility for Stanbic Zambia Bank - a subsidiary of the Standard Bank Group (“SBG”). The transaction closed nearly two times oversubscribed.
Mashreq, the coordinating bank and book-runner for Stanbic Zambia ......read more
Upscale offering includes dedicated Relationship Manager and priority service for corporate clients and Club Exclusive members
Dubai, 17 October 2017: UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, took select Club Exclusive and corporate clients on a demonstration of its exclusive new Lounge facilities at the Atlantis Hotel in Dubai. ......read more
Partners encourage accountability, transparency, accurate reporting as part of mainstream business practice
Dubai, UAE, October 17, 2017: The Pearl Initiative, a leading Gulf-based non-profit organisation promoting a corporate culture of accountability and transparency as a key driver of competitiveness across the region, has welcomed international law firm Winston & Strawn LLP to ......read more
KSA; 17 October 2017: Today’s organizations are awash in a sea of continuous change and new skills are needed for business leaders to succeed; and this applies to HR leaders too. Based on their experience of working with HR leaders in Saudi Arabia and other GCC countries, Ashridge Executive Education has customized its five days programme on ‘Advanced HR Strategy and ......read more
Themed ‘The Butterfly Effect – From Intent to Impact’ the forum organised by Naseba under the patronage of the UAE Ministry of Economy, will focus on social change through impact entrepreneurship and investment, diversity & inclusion
Lead speakers at the event include Tonye Cole, Vibha Bakshi, Haben Girma and Anurag Kashyap
Her Excellency Noura Al Kaabi, Minister of ......read more
In support of the UAE’s Year of Giving, Barclays has partnered with Al Jalila Foundation, UNICEF and SOS Children’s Villages International to raise funds
Dubai, United Arab Emirates, 16 October 2017: Barclays announced today the launch of its Payroll Giving initiative, in support of the UAE’s Year of Giving, as declared by UAE President His Highness Sheikh Khalifa bin ......read more
Over 100 entrepreneurs gathered at the first business incubator which was officially launched at Startup Weekend Ras Al Khaimah
Ras Al Khaimah – UAE: 15 October 2017: In the presence of H.E. Sheikh Mohammed bin Kayed Al Qasimi, Chairman of Ras Al Khaimah Department of Economic Development, the first startups incubator in Ras Al Khaimah was inaugurated last Thursday at Julfar ......read more
Dubai, October 15, 2017: Dubai Investments PJSC [DFM: DIC], the leading diversified investment company listed on the Dubai Financial Market, has announced its support to the Dubai Investment Week 2017 as a strategic partner, with the objective to eye opportunities for growth, partnership, innovation and investments across diverse sectors and markets around the globe.
The Dubai Investment ......read more
Mr. Bin Sulayem: Electronics trade worth over AED 113 billion in freezone
Dubai, 15 October, 2017: The electronics sector has grown into one of largest in Jafza with 1154 companies from 87 countries serving local and regional markets.
The value of trade in the sector through Jafza companies is over AED 113 billion, approximately 38% of the total value of Jafza trade AED 294 billion ......read more
In-house Trade School seeks to ‘unlock the potential’ of skilled and unskilled labourers and empower them with practical skills development.
Labourers rewarded with designation and salary increases, in addition to opening up new vocational opportunities.
Recently earned Internationally-recognised City & Guilds accreditation for all training programmes, one of ......read more