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Featured in Banking and Investments
AD Ports Group Announces Strong Revenue Growth in H1 2021, up 21% Year-on-Year to AED 1,832 Million (USD 499 Million)

• EBITDA of AED 770 million (USD 210 million), representing year-on-year growth of 8%  • Cargo and container volumes up; new land leases in industrial zones was 2.4 million sq. metres      Abu Dhabi, UAE – October 16, 2021: AD Ports Group today announced its financial results for the first half of the year ended 30 June 2021, reporting revenue increase of 21% year-on-year to AED 1,832 million (USD 499 million) compared with AED 1,517 million (USD 413 million) in the first half of 2020, driven by organic growth, diversification into new businesses, new leases and partnerships.  EBITDA rose 8% year-on-year to AED 770 million (USD 210 million), up from AED 714 million (USD 195 million) in the first half of 2020, with growth across most of the business clusters.   Captain ......read more

International Protein (UAE), Anda Burada (Turkey) & Shadana Yoga and SunBox from Palestine peer-selected for investment during Village Capital's Sustainability MENA 2021 Accelerato

Each startup will receive $20,000 in funding from IFC   Dubai, UAE; October 14, 2021 — Four startups tackling some of the MENA region’s most pressing sustainability challenges were selected to each receive $20,000 in funding as part of Sustainability MENA 2021, a three-month investment readiness program run by Village Capital with support from the International Finance Corporation (IFC).    The four startups, Anda Burada, International Protein, Shadana Yoga, and SunBox, were selected by a group of peer entrepreneurs at the end of the virtual venture development program, which supported 20 startups with training, as well as access to industry experts, mentors, investors and ecosystem networks to scale their ventures.   “Over the past three months, we’ve seen the 20 startups ......read more

LG Releases Preliminary Earnings For Third-Quarter 2021

October 13, 2021:   LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2021. LG reported tentative consolidated revenues of KRW 18.8 trillion, an increase of 22 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. In line with current accounting standards, LG will include a provision of approximately KRW 480 billion in the third quarter for the recall of the Chevy Bolt EV. Operating profit of KRW 540.7 billion is expected to be 49.6 percent lower than the third quarter a year ago after reflecting the recall provision. LG Electronics terminated its mobile phone business at the end of July and is treating the Mobile Communications Company’ performance as a discontinued operating loss. Earnings for the ......read more

Mashreq NEO to become first Digital Bank in UAE to use Facial Recognition for Bank Account Openings

Mashreq NEO collaborates with Ministry of Interior (MOI) to introduce an innovative face biometric based digital account opening process   Dubai, UAE – 13, October 2021: As part of the efforts to implement the directives of the UAE government in enhancing the quality of life for the Emirati community and its quest to sustain scientific and digital excellence, Mashreq NEO, the full-service digital bank from Mashreq Bank, today announced that it will enable residents to conveniently open a bank account using facial recognition technology.    The initiative, launched in collaboration with the UAE’s Ministry of Interior, leverages the ministry's existing facial recognition verification system, which uses state-of-the-art technology to validate and authenticate Rightful holder of official ......read more

Sahab Smart Solutions Demonstrates its Commitment to Quality with Three ISO Certifications

Entity passes rigorous audits by the International Organization for Standardization to attain the ISO 22301:2019, ISO/IEC 27001 and ISO/IEC 20000-1:2018 standards Sharjah, October 11, 2021:  Signaling a major milestone for Sahab Smart Solutions (Sahab), the Sharjah Asset Management Holding (SAMH) affiliate, has been awarded three prestigious certifications by the International Organization for Standardization (ISO) in recognition of its unwavering commitment to the highest standards of quality. Servicing both public and private sectors in the UAE through its managed IT solutions and innovative digital strategies, Sahab’s endorsement by the world body mirrors the entity’s goal of providing diverse and innovative projects across various sectors, focusing on providing digital solutions in public services, retail, ......read more

Sharjah Chamber to Participate in and Sponsor 12th World Chambers Congress held in Dubai next November

Sharjah, October 9, 2021:   The Sharjah Chamber of Commerce and Industry (SCCI) is gearing up to take part in the 12th World Chambers Congress (12WCC), to be organized by the Dubai Chamber in cooperation with the World Chambers Federation (WCF) and the International Chamber of Commerce (ICC). Running from November 23 to 25, the event will be held under the theme « Generation Next: Chambers 4.0 », bringing together more than 1200 participants from international organisations and governments representing 100 countries around the world. To further strengthen its presence in such a prestigious event, which will be attended by chamber and business heads, economic decision-makers, representatives of governmental and international organizations and influential bodies, the SCCI will be among the key sponsors of the ......read more

SAIF Zone Enriches its Digital Infrastructure with 36 New Services and Features

October 9, 2021:  As part of its commitment to enhancing performance efficiency and facilitating business practice, the Sharjah Airport International Free Zone Authority (SAIF Zone) has boosted its digital services list with 36 new features, bringing its total E-services provided to customers to 284 services. In the projects section, the authority has launched the beneficial owners registration and compliance service, while the service to apply for a building permit and set up a new business was added to the rental and licensing department. These services are part of a comprehensive and integrated system to manage the experience of SAIF Zone customers with high speed and efficiency.  To further enhance customer satisfaction and happiness, the zone also provides highly professional customer care with a high ability to ......read more

Middle East's First Biogas Facility now Operational, says Al Rawabi

Project to help generate 1.3MW of green electricity, reduce company’s carbon footprint    Dubai, United Arab Emirates: 04, October 2021:  Al Rawabi, the leading juice and dairy company in the UAE, announced its large-scale biogas facility is now fully operational. A first of its kind project in the Middle East, the plant will be recycling organic waste from Al Rawabi’s operations into clean energy and is expected to generate 1.3MW of green energy.    The announcement was made to coincide with of Al Rawabi’s participation in WETEX & Dubai Solar Show scheduled on October 5-7 at the Dubai Exhibition Centr in Expo 2020 Dubai.     “As responsible sustainable company, Al Rawabi now secures a valuable part of its energy consumption from renewable sources ......read more

Middle East Investors Continue to Bet on China Assets as Over 80% Increased or Maintained Exposures Over Past 12 Months

• 44% of regional survey respondents say their China exposure increased over the past 12 months, and 77% plan further increases in the next 12 months • Three-quarters (74%) of regional respondents expect better economic conditions in China relative to those globally over the next 12 months • COVID-19 and US-China trade tensions have increased risk appetite for asset owners around the world in relation to their China exposures • Technology themes, alternatives, top draws for investors • ESG a growing influence on China exposures   Dubai, 4 October 2021:  The vast majority of global asset owners have either increased or kept their organization’s allocation to Chinese investments in the past 12 months, according to an Economist Impact survey on global investors’ China ......read more

Leading Saudi Companies Join BCG's Jeel Tamooh Virtual Career Fair As Program's Third Annual Edition Concludes

Jeel Tamooh members connected with prospective employers and explored future opportunities ahead of entering full-time professional dimensions  October 4, 2021— As the Kingdom of Saudi Arabia’s (KSA) top university students graduate from Jeel Tamooh and prepare to pursue their chosen career paths, Boston Consulting Group (BCG), the global management consulting firm that leads the prestigious program, concluded this year’s third edition with a two-day Virtual Career Fair on 15-16 September. Inspired by BCG’s vision to provide career opportunities to program members and pave the way for professional ascension, the Virtual Career Fair enabled this year’s class to connect with top prospective employers as leading Saudi companies became familiar with the latest generation of emerging talent, representing ......read more

Ogilvy Names Patou Nuytemans Regional Chief Executive Officer for EMEA

September 30, 2021:  Ogilvy announced today that Patou Nuytemans will assume the role of Chief Executive Officer of Ogilvy EMEA. Patou will be responsible for driving all aspects of Ogilvy’s business across Europe, the Middle East and Africa which spans Public Relations, Growth & Innovation, Advertising, Health, and Experience. She takes over for Paul O’Donnell, who will continue serving in his role as Regional Chairman and partner closely with Patou. Headshots available here. Andy Main, Global CEO of Ogilvy, said: “Anyone who has had the chance to work with Patou will tell you that she not only fosters a culture of creative, strategic and operational excellence, but also leads with empathy and compassion. Throughout her career, she has demonstrated how Ogilvy can drive business-changing, life-changing ......read more

Golden Visa Received by Mohammed Shaheen the Managing Director & CEO of Seven Capitals

Mohammed Shaheen is the Managing Director & CEO of Seven Capitals, a leading financial broker company & The Index Today, the financial news portal covering the real-time financial market coverage. Holding a degree of Financial Analyst, from India, he moved to Dubai in 2008 with a dream of starting up his trading company ranking highest in the financial market.  The foundation of Seven Capitals was laid in the year 2011 and it globally recognized in 2012 across the world marking its presence in UK, Mauritius and Bangkok. Recently, he steered the company’s diversification into a new portal covering all the major marketing events and financial news. Mr. Shaheen’s achievements in business have earned the recognition at an international level. In January 2015, he has been ranked among top 100 Financial ......read more

Savoye Introduces Autonomous Robotics in Middle East Supply Chain through HAIPICK Solution

September 29, 2021 Savoye, a leading global player in the design, manufacture, and integration of automated and robotics system in logistics and supply chains, has become a partner and integrator of HAI Robotics, world leader in Autonomous Case-handling Robotics (ACR) system. The partnership is poised to bring HAIPICK solution in the Middle East, where there is a notable demand for autonomous technology solutions in the supply chain and logistics sectors.   The HAIPICK system features autonomous and intelligent functions such as robots that pick and place boxes or bins on storage shelves up to five to seven meters high and able to carry up to eight loads to continuously feed goods-to-person picking stations. Further, the solution is flexible and works well even in extreme weather environment.  According to industry ......read more

BFL Group Poised for Strong 2021 Expecting Retail Growth by up to 8 Per Cent in Q4

Upcoming Expo 2020 seen to boost retail demand  September 29, 2021:  Following a 19 per cent growth in sales in the first 6 months, BFL (Brands For Less) Group expressed positive outlook for its fourth quarter sales performance, which is expected to record an increase of up to 8 per cent compared to last year. This boost in sales results from a renewed sense of confidence among UAE shoppers coupled with the group’s expansion plans in Oman and Kuwait, as well as its upcoming entry into the Saudi market with home décor store Muy Mucho.  Amid economic challenges caused by the COVID-19 pandemic, BFL Group was able to implement a successful growth strategy in the GCC. The retail industry in the region is thriving, helped by both government and consumer support.  During the third quarter of this year, the ......read more

EHS is a Pioneer in Providing State-of-the-Art Cardiovascular Services: Yousef Al Serkal

September 29, 2021:  HE Dr. Yousef Mohammed Al Serkal, Director-General, Emirates Health Services (EHS), said that the EHS is keen to launch concrete projects and initiatives to provide sustainable solutions to cardiovascular disease, explaining that these initiatives aim to improve rates of early screening and rapid diagnosis and provide outstanding curative and therapeutic services, in accordance with best international practices and evidence-based research.   Al Serkal made the statements on occasion of World Heart Day, observed on 29 September, stressing that the EHS ramps up its efforts to develop health services related to cardiovascular diseases, by enhancing innovation in early detection and awareness-raising programs, as well as providing advanced diagnostic and therapeutic services. The EHS ......read more

QNET Introduces ‘HomePure Complete Water Line' at Arab Water Forum 2021

Dubai - 28, September 2021:   Continuing its commitment for environmental support, QNET, a global e-commerce based direct selling company participated in the recently concluded Arab Water Forum (AWF) and introduced their latest offering ‘HomePure Complete Water Line’, which included the HomePure Nova Water Filtration System, HomePure Prefilter 1-mc and HomePure NovaSoft.  The launch of HomePure Complete Water Line products, at the AWF, corresponded to the Forum’s overall objective since this ingenious water filtration system does not waste water nor require electricity for usage. In additional, HomePure Complete Water Line helps reducing unnecessary single-use plastic bottles that will be left in landfill.  The Arab Water Forum addressed vital issues such as Arab Water Security, ......read more

Vedanta Partners with the Indian Government to Showcase India's Growth Potential at Dubai Expo 2020

Celebrating the spirit of 75th year of Independence  Dubai, September 28, 2021: Vedanta Resources, one of the world's leading diversified natural resources companies in India announced its partnership with the Indian government to showcase India’s growth potential while celebrating India’s 75th year of Independence at the India pavilion in Dubai Expo 2020. The six-month long celebration commences on the 1st of October 2021 at Dubai. India is at the cusp of economic transformation and Prime Minister, Narendra Modi has set a vision that, in the coming years, the nation will grow from a USD 2.6 trillion to a USD 5 trillion economy and then eventually become a USD 10 trillion. The India Pavilion at Expo 2020 Dubai will showcase the resurgent India marching to becoming a USD 5 trillion economy.  The real ......read more

Emirates Steel: Proud Contributor to Expo 2020 Dubai

The national leading integrated steelmaker has supplied the first international Expo in the region with heavy sections, rebars and sheet piles   28 September 2021:  Emirates Steel, the leading integrated steel manufacturer in the Middle East, supplied more than 60% of the Expo 2020 Dubai rebar needed to build the central dome ‘Al Wasl Plaza’, pedestrian bridges, parks, roads, corridors, and the underpass linking Al Maktoum International Airport to the Expo 2020 site and more.    Additionally, Emirates Steel also supplied 35,000 metric tonnes of its high-quality sections and sheet piles for the construction of multiple pavilions at Expo 2020. Engineer Saeed Ghumran Al Remeithi, CEO of Emirates Steel, commented: “We are proud to supply Expo 2020 with our products, working on this vital ......read more

Agthia Group's Shareholders Approve AED 65.31 million Interim Cash Dividend Payment for the first six months of 2021

•       The Group’s shareholders approve the board’s proposal for an interim cash dividend payment of 8.25 fils per share. •       In H1 2021, the Group delivered promising top and bottom-line results in line with the growth strategy     Abu Dhabi, UAE - 28, September 2021:  Agthia Group PJSC, the region’s leading food and beverages company, held today, its General Assembly Meeting in a virtual setting. The meeting concluded with the Group’s shareholders approving the board’s proposal for an interim cash dividend payment of 8.25 fils per share for the first half of 2021. This is equivalent to AED 65.31 million. In the first half of the year, the Group witnessed promising top- and bottom-line growth, exemplifying its vision for ......read more

Majority of UAE Businesses don't Strictly Apply Customer Data Protection Policies, Despite Heavy Reliance on Third-Party Trackers and ad Platforms: Survey

The survey also revealed that only 24% of the businesses are fully acquainted with privacy laws.   Dubai - September 23, 2021: According to a recently-released survey, 99% of businesses in the United Arab Emirates use third-party trackers and ad-platforms. However, only 68% of respondents have well-defined and documented policies for customer data privacy and a mere 8% strictly apply them, revealed the survey, which was conducted by Centurion Consulting on behalf of Zoho Corp., a global technology company.   "This rampant use of third-party trackers in the business space has severe ethical and privacy implications because of the enormous amounts of customer data being gathered through them," said Hyther Nizam, President-MEA, Zoho Corp. "Most businesses use the same set of third-party trackers, which means ......read more

Serta brings Luxurious Comfort to DHF 2021

Flat 40 percent off on all Serta mattresses & bedding accessories for a sound sleep every night   Dubai, UAE - Septemer 22, 2021:  The annual Dubai Home Festival (DHF) 2021 has begun and will last until September 30th. Now is the pefect time for shoppers to hop on the luxury sleep bandwahon and indulge in a well deserved shopping spree, a long due extravaganza since the #StayHome situation prevailed. Participating in this DHF, Serta is offering a flat 40 percent discount storewide. Serta, widely known as the maker of the world’s best mattress, is offering these savings on all products, including mattresses, bed sets, headboards, sleep accessories such as pillows, mattress toppers and more. The DHF offers will allow shoppers to invest in products that promise a healthy and amazing sleep experience. Shoppers ......read more

Banks across Africa Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digital Innovation

Africa’s leading banks including EcoBank, Nedbank, Attijariwafa Bank, United Bank of Africa, Co-operative Bank of Kenya and Banco Mais are tapping into IBM technologies to help advance financial inclusion across the continent September 22, 2021 – IBM (NYSE: IBM) today announced that major financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue their work to develop digital-first solutions, ultimately broadening access to financial services on the continent. COVID-19 continues to accelerate the already rapid changes that were happening across the financial services sector in Africa, fast-tracking the adoption of digital technologies to boost financial inclusion. With over 475 million Africans expected to be mobile internet users by 2025 GSMA ......read more

Securities and Commodities Authority Signs Agreement With Dubai World Trade Centre Authority to Support Trading of Crypto Assets

Dubai, UAE; 22 September 2021: The Securities and Commodities Authority (SCA) and the Dubai World Trade Centre Authority (DWTCA) have entered into an agreement supporting the regulation, offering, issuance, listing and trading of crypto assets and related financial activities within DWTCA’s free zone.  The agreement establishes a framework that allows DWTCA to issue the necessary approvals and licenses for the conduct of financial activities relating to crypto assets. The agreement was signed by H.E. Dr. Maryam Al Suwaidi, Acting Chief Executive Officer of SCA, and H.E. Helal Saeed Almarri, Director General of Dubai World Trade Centre Authority (DWTCA) and Dubai Department of Tourism and Commerce Marketing (DTCM). The Dubai World Trade Centre Authority provides a unique and well-regulated ecosystem for businesses seeking ......read more

92% of UAE Businesses don't strictly apply Customer Data Protection Policies, Despite Heavy Reliance on Third-Party Trackers and ad platforms: Survey

Majority of UAE businesses don’t strictly apply customer data protection policies, despite heavy reliance on third-party trackers and ad platforms: Survey The survey also revealed that only 24% of the businesses are fully acquainted with privacy laws.   Dubai—September 22, 2021:  According to a recently-released survey, 99% of businesses in the United Arab Emirates use third-party trackers and ad-platforms. However, only 68% of respondents have well-defined and documented policies for customer data privacy and a mere 8% strictly apply them, revealed the survey, which was conducted by Centurion Consulting on behalf of Zoho Corp., a global technology company.   "This rampant use of third-party trackers in the business space has severe ethical and privacy implications because of the enormous amounts of ......read more

Majid Al Futtaim to Hire 3000 Emiratis In response to “NAFIS”

• Majid Al Futtaim supports the UAE Government’s NAFIS programme to accelerate the nation’s development journey, while boosting the economy • Majid Al Futtaim set to hire 3,000 Emiratis across its UAE workforce and diverse portfolio, including Retail, Leisure, Entertainment and Cinemas • Renewed focus lies in Emirati talent development, training and upskilling opportunities through the Majid Al Futtaim Leadership Institute and Majid Al Futtaim Retail Business School     Dubai, United Arab Emirates, 18 September 2021:    Majid Al Futtaim the leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa and Asia has announced the expansion of its people development programme that is set to create thousands of career opportunities for ......read more

Nigo named Artistic Director of Maison KENZO

Nigo named Artistic Director of Maison KENZO              

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QNET Wins Six New Industry Awards for Innovation and Social Impact

QNET announces triumphant win at TITAN Business Awards, Golden Bridge Business and Innovation Awards, and NYX Awards Dubai, UAE, September 15, 2021:  QNET, a prominent e-commerce based direct selling company, proudly received a series of six awards for its innovative digital practices and its ongoing commitment to improving underserved communities around the world.  The inaugural 2021 TITAN Business Awards recognised businesses such as QNET, Nestle India, and Think Global Forum that demonstrate exceptional passion, influence, and credibility in their work. QNET received a Platinum award in the Most Innovative Company category and a Gold award in the Multi-Level Marketing category. QNET’s winning submission, titled ‘Empowering Entrepreneurs and Communities Through RYTHM’, exhibits the ......read more

Hitachi ABB Power Grids to Supply Step-up Transformers for World's Largest Single-site Solar Power Plant

UAE’s Al Dhafra solar project will contribute the shift to sustainable energy Abu Dhabi,15 September 2021:  Hitachi ABB Power Grids today announced that it will supply large generator step-up (GSU) transformers, protection and telecommunication systems to China Machinery Engineering Corporation (CMEC), the EPC (Engineering, Procurement and Construction) Contractor for construction of the Al Dhafra PV2 Solar project in Abu Dhabi. Abu Dhabi National Energy Company (TAQA) is developing the plant along with Abu Dhabi's Masdar, EDF Renewables and Jinko Power. The project is located about 35 kilometers from Abu Dhabi city and will supply power to Emirates Water and Electricity Company.  The Al Dhafra Solar Photovoltaic project, consisting of approximately 3 million solar panels, will be the world’s ......read more

Ogilvy Names Ben Messiaen Chief Client Officer for EMEA

September 15, 2021 — Ogilvy is pleased to announce that Ben Messiaen has been named Chief Client Officer for EMEA. Shared Paul O’Donnell, CEO Ogilvy EMEA, “Throughout his career at Ogilvy, Ben has effectively galvanized teams to drive transformative ideas that create impact. He brings to this role extensive experience using the full spectrum of Ogilvy’s capabilities to generate value for our clients, especially as they continue navigating an ever-changing landscape. In his new role Ben will work in close partnership with our go-to-market team and the leaders of our five business units as well as with our expert groups and geographic market leaders.”   From Belgium, Messiaen started at Ogilvy Brussels and then Ogilvy Paris where he has worked for the last 15 years.  Initially on IBM Europe; ......read more

UAE Home to Prominent Innovation Districts: Middle East Designated Leading Innovation Hub in Latest Arthur D Little Publication

• UAE companies benefit from a co-located, concentrated innovation ecosystem and supply chain • The Middle East houses a multitude of proven Innovation Districts and centers  • Arthur D. Little report sheds light on imperative steps before future projects are pursued   Dubai, UAE – 13, September 2021:  In the new post-pandemic world of work, Innovation Districts are well-positioned to thrive. With businesses and organizations co-located in physical space for complex supply chains, they can provide flexibility, enable serendipity, and foster innovation for decades to come. However, Innovation Districts must first focus on particular success factors before their full potential is realized. Arthur D. Little (ADL), the leading management consultancy firm with the longest-standing presence in ......read more

HFZA's Stand at Big Five Woos Investors with Exclusive Privileges and Offers

Sharjah - September 12, 2021:   With the start of the Big Five Show, the Mena region’s largest building and construction show, which takes place from September 12-15 at the Dubai World Trade Center, the Hamriyah Free Zone Authority (HFZA) stand is attracting a large number of investors who expressed their willingness to visit the Zone to get acquainted with the opportunities and advantages available.   HFZA's participation in this mega event reflects its keenness to be an active element in the various economic events and activities held nationwide, in order to promote the services and privileges it provides to businessmen and investors. Additionally, being a part of such a global event paves the road for communication with local and foreign economic actors and provides them with comprehensive ......read more

SCCI trade Mission to Moscow holds fruitful meetings to boost economic, investment cooperation

Moscow, 12 September 2021: The Emirate of Sharjah's trade mission to Russia, headed by the Sharjah Chamber of Commerce & Industry (SCCI) and represented by the Sharjah Exports Development Center (SEDC), saw the organization of several activities as part of the Sharjah Week in Russia. One of these activities is the meeting held at the Moscow Chamber of Commerce and Industry between HE Abdullah Sultan Al Owais, SCCI, Chairman, and Vice President of the Moscow Chamber for International Relations, Sorin Oganisovich Vardanyan, to discuss areas of cooperation and coordination and investment opportunities available in different economic sectors. During the meeting, the two sides highlighted the services provided by each chamber to its members, stressing the importance of exchanging visits between commercial delegations due to ......read more

Eureka Forbes Coronaguard Achieves 94.9% Reduction in Covid-19 Virus

Results scientifically proven in tests carried out in a BSL-3 laboratory by the independent Dutch research organisation, TNO Dubai, United Arab Emirates, 08, September 2021: Tests done by internationally accredited laboratory TNO show that the Eureka Forbes Coronaguard achieves a 94.9% reduction in the covid -19 virus after 15 minutes in a BSL-3 lab setup. This test corroborates earlier tests done by accredited laboratories in India and Mexico which showed that the Coronaguard reduced surrogate viruses of SARS COV-2 and other coronaviruses in enclosed spaces of upto 100 square meters. These results involved both tests with viruses in air and on surfaces. Forbes Coronaguard’s innovative technology creates a negatively charged electron cloud using photons which physically disables the homing mechanism on the virus. This ......read more

Sharjah Chamber Leads Emirate's Trade Mission to Russia to Boost Economic, Investment Cooperation

Sharjah - 05, September 2021:  The Sharjah Chamber of Commerce & Industry (SCCI) is leading the Emirate's trade mission to Russia, which will take place from 7th to 12th September in Moscow and Saint Petersburg. The visit aims to enhance the economic, commercial, and investment cooperation between the two sides, as the UAE-Russia relations are witnessing a remarkable development at all scales. The SCCI delegation will be led by HE Abdullah Sultan Al Owais, Chairman, SCCI, and includes a number of the Chamber's board members, representatives of government bodies, and the private sector as well.   The visit aims to attract more foreign investments to Sharjah and open new and emerging markets before the SCCI members, thus helping them develop their businesses abroad and increase their local exports, ......read more

Finnovex ME Summit 2021 to Focus on Banking Innovation and Transformation

The platform will bring together top professionals and C-level executives from the industry to examine how technology is reimagining Banking innovation for 2021 and beyond. Dubai - September 02, 2021: Continuing the efforts to support the regional Fintech ecosystem, Exibex, the organizers of Finnovex Global Series, the leading summit on financial services innovation and excellence, is back with third annual edition of Finnovex ME Hybrid Summit. The two-day International Summit themed “Digging Deeper into Resilient and Agile Transformation Strategies” will be held on September 7 and 8 2021 at Conrad, Dubai in hybrid format. The summit will include limited physical attendance in compliance with current safety protocols, and virtual to allow maximum benefits and wider participation. Commenting on the summit, Mr. Shabaz ......read more

Herman Miller Increases Use of Ocean-bound Plastic with Aeron Chair

The Aeron Chair Portfolio, including new colorway Onyx Ultra Matte, and other product and packaging solutions will incorporate mismanaged plastic waste found near waterways, as part of the company’s commitment to use 50% recycled content in all materials by 2030.  September 02, 2021:   Today, Herman Miller (NASDAQ;MLHR) announced that its entire portfolio of Aeron Chairs will contain ocean-bound plastic, including a new color, Onyx Ultra Matte, which contains up to 2.5 pounds (1.13 kg) of mismanaged plastic waste found near waterways per chair. These material changes in the Aeron Portfolio specifically are projected to save the ocean from over 150 tons of plastic annually - equal to approximately 15 million single-use plastic water bottles.  The updates are part of Herman Miller’s membership in ......read more

Agthia Group Announces Further Investment in Snacking and Healthy Food Market Through Acquisition of BMB

• Agthia’s Board of Directors approves the acquisition of BMB Group • UAE-based BMB manufactures a wide variety of innovative confectionery, healthy snacks and food products • BMB is also an incubator and accelerator of healthy food brands across multiple snacking categories • The transaction, subject to customary closing conditions including relevant regulatory approvals, would represent Agthia’s second investment in the snacking and healthy food market, following its acquisition of Al Foah earlier this year   02 September 2021: Agthia Group PJSC, the region’s leading food and beverage company, today announced that its Board of Directors has approved a strategic acquisition of a 100% stake in BMB Group, the GCC’s leading innovative healthy snacks and food company. BMB ......read more

Invesco Chief Economist Warns Investors should be Wary of Inflation-Sensitive Assets

• The surge in inflation is not a transitory phenomenon associated with the opening of economies • Rising prices are likely to erode returns on assets vulnerable to inflation • Investors should brace for a two-year period of rising prices • Gulf region unlikely to experience similar inflation pressures   Dubai - 30, August 2021: At 5.4%, US CPI inflation in June reached the highest level since September 1990, with the core PCE rate (personal consumption expenditures) overshooting the US Federal Reserve’s target rate of 2% by 1.5 percentage points. Nonetheless, after steep increases in the period to the end of March, 10-year Treasury bond yields have generally fallen since then, suggesting that market participants are buying the Fed’s repeated reassurances that there will be no ......read more

VFS Global to Expand Philippines ePassport Renewal Centre Network to nine new countries

• To provide ePassport renewal services for Philippines nationals in 13 more cities across Africa, the Americas, Asia, Europe and the Middle East by the third quarter of 2021. • VFS Global currently operates ePassport Renewal Centres in Dubai and Abu Dhabi in the UAE, and Riyadh, Jeddah and Al Khobar in the Kingdom of Saudi Arabia on behalf of the Philippines Department of Foreign Affairs   August 30, 2021:  In a bid to ease the ePassport renewal process for Philippines nationals living overseas, The Republic of Philippines Department of Foreign Affairs and VFS Global has signed a contract on 6 August 2021 to provide ePassport Renewal services in Cyprus, Ethiopia, France, Ireland, Kuwait, Singapore, the UK, the USA and Vietnam.     The launch of the VFS Global ePassport Renewal Centres in ......read more

Manchester City Unveil Statues of Vincent Kompany and David Silva to the World

•         Statues created by award-winning sculptor Andy Scott revealed to fans across the world as they emerged from darkness into daybreak  •         Large scale galvanised steel sculptures of club legends are situated on the East Side of the Etihad Stadium •         Andy Scott to begin work on Sergio Aguero statue this autumn to complete the trio    August 28, 2021:  Manchester City Football Club is today thrilled to unveil permanent statues of Club legends Vincent Kompany and David Silva at the Etihad Stadium. Emerging from darkness into first visible light at day-break this morning, the statues were revealed to fans around the world with a specially commissioned video to mark the occasion.   Situated ......read more

Global Business Forum Africa 2021 to Highlight Continent's Untapped Trade Potential

6th edition of GBF Africa to be held October 13-14 in partnership with Expo 2020 Dubai   Dubai, UAE - August 25, 2021: Dubai’s growing appeal as a strategic hub African companies that are keen to expand their global reach and tap into new trade opportunities will be a main focus of discussions at the 6th Global Business Forum Africa, which descends on Dubai October 13-14th 2021. The high-level forum, held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is organised in partnership with Expo 2020 Dubai.    Dubai Chamber of Commerce and Industry (Dubai Chamber) has announced the agenda for the Global Business Forum (GBF) Africa 2021 - the first of its programme of activities that it is running as the Official ......read more

Thought Series – of Focus and Final Outcomes

NIRANJAN GIDWANI CONSULTANT DIRECTOR | MEMBER UAE SUPERBRANDS COUNCIL |  Whether it is the canvas of our life, our professional career, a challenge that we need to overcome, or an extremely simple task that we need to perform, choosing the right focal point can make all the difference. This applies in equal measure to what we do in the outside world, the family, or just in finding a deeper meaning of our existence. But how does anyone unleash the power of focus?  The clarity of outcome desired is often directly proportional to the sharpness of focus. It also raises many relevant questions. Does one have the skills and competencies to get there? Does one need to acquire them by education or through strategic alliances, or a combination of both? Does one possess the resources, the knowledge to reach ......read more

Manchester City Reveal Andy Scott as Sculptor Commissioned to Create Statues of Club Legends

• Award winning sculptor Scott secured prestigious commission amid exhaustive selection process which began in March 2020 • Kompany and Silva statues, delivered on schedule, to be revealed ahead of weekend’s fixture against Arsenal  • Aguero statue to follow next year, following the legend’s departure from the Club this summer • Chairman Khaldoon Al Mubarak points to further work being undertaken to permanently recognise Legends from the Club’s past eras   August 23, 2021:  Manchester City Football Club has revealed that award-winning sculptor Andy Scott was the artist who won the commission to create permanent statues of Club legends Vincent Kompany, David Silva and Sergio Aguero. The appointment followed an exhaustive selection process that began in March ......read more

Hotpack Global Signs Terminal Agreement With DP World, UAE Region

The entity will use DP World, UAE Region’s flagship Jebel Ali Port as its export gateway to the world Dubai, United Arab Emirates, Aug 22, 2021: Hotpack Global, the world’s leading manufacturer of disposable food packaging products, has signed a terminal agreement with DP World, UAE Region, expanding the export capacity for its products through Jebel Ali Port. The agreement was signed at Hotpack’s head office in Dubai Investment Park by Mr. PB Abdul Jebbar, Group Managing Director, Hotpack Global and Mr. Shahab Al Jassmi, Commercial Director, Ports and Terminals, DP World - UAE Region.      Hotpack Global has a group turnover of AED 950 million and a presence in 27 locations in 12 countries across the Middle East, UK and a chain of networks in the Gulf and African regions. The company’s ......read more

Tanmiah Delivers 1H21 Revenue Growth of 27.6%; Net Income at SAR 22.2 Million Following IPO; Plans Major Expansion

•  Strong financial position underpins Company’s plans to expand further in growing defensive sector •  Lower gross profit and net profit margin caused by unprecedented global hike in commodity prices, lower subsidy recoveries and spending to increase operating capacity   22, August 2021:  Tanmiah Food Company (“Tanmiah” or the “Company”, 2281 on the Saudi Exchange), a market leading provider of fresh and processed poultry and other meat products, animal feed and health products, today announced its results for the first half and second quarter ended 30 June 2021, reporting revenues of SAR 734.9 million for the first half, and second quarter revenues of SAR 366.5 million. Gross profit value in first half 2021 rose by 20.2% year-on-year to SAR 167.5 million, while net ......read more

Jawaher Al Naqbi Discusses Six Key Pillars Underpinning an Effective Government Communications Strategy

Discussion emphasises role of transparency and trust in strengthening communication, ahead of the 10th edition of Sharjah Government Communication Forum   Jawaher Al Naqbi: The 10th edition of IGCF will evaluate the historical experience of government communication during crises, discuss its current realities, and envision its future   • Government communication teams must leverage the potential of the rapidly evolving  communication landscape   • Strong relationship with civil society institutions is key to activating a successful partnership with the community • To build trust, government communications must demonstrate credibility, transparency  • 10th edition of IGCF to be held from September 26-27 under the theme ‘Historic lessons, future ......read more

Adyen Publishes H1 2021 Financial Results

Dubai, UAE; 19 August 2021:  Adyen’s results reflect strong profitable growth during a half year wherein longer-term trends (e.g. the digitization of commerce, the shift from cash to cashless) further accelerated and were ingrained in shopper behavior globally.   Summary H1 2021 • Processed volume was €216.0 billion, up 67% year-on-year • Net revenue was €445.0 million, up 46%[1] year-on-year • EBITDA of €272.7 million, up 65%* year-on-year • EBITDA margin was 61% as a result of strong net revenue growth paired with the operational scalability of the Adyen platform • Free cash flow conversion ratio was 90%, with CapEx at 5% of net revenue   Shareholder letter & financial results You can find our full H1 2021 financial results and accompanying ......read more

Sheraa's Entrepreneur-driven Ecosystem Transforms Sharjah Into a Home for Innovation and Impact

Newly launched five-year impact report records The Sharjah Entrepreneurship Center’s journey as an innovation-led, impact-driven ecosystem For immediate release Sharjah, August 16, 2021 Emphasising the formative role of entrepreneurship in building and sustaining competitive economies, the   Sharjah Entrepreneurship Center (Sheraa) has consistently fostered innovation and growth opportunities for its thriving community of entrepreneurs, through a series of programmes, initiatives and collaborations, including the Sharjah Entrepreneurship Festival (SEF).  Commenting on the entity’s supportive ecosystem and world-class opportunities, Sheraa beneficiary, Siddiq Farid, Co-Founder, Smart Crowd, MENA’s first regulated digital real estate platform, said: “Our participation in the debut edition ......read more

BofA | Global Energy Weekly: LNG explodes higher

Key takeaways  •         Global gas prices have surged higher with TTF hitting €45/MWh, an all-time record, and JKM prices near $16/MMBtu •         An increasingly dire storage situation in Europe combined with a 30% yoy jump in Chinese LNG imports has fueled the rally •         Upside risks this winter given limited inventories and spare capacity. Panama Canal congestion to support JKM-TTF gas spread   LNG prices surge higher on relentless Asian demand and… Global gas prices have surged higher this summer on the combination of insatiable Asian demand and untenably low European storage inventories. The European benchmark, TTF, has surged to €45/MWh or $15.50/MMBtu, a new record, which has in turn propelled the ......read more

2021 Pravasi Bharatiya Samman Presented to Dr Siddeek Ahmed

August 16, 2021:  At a special ceremony held at the Indian Embassy to mark India’s Independence Day, Eram Group Chairman and Managing Director Dr. Siddeek Ahmed, was officially presented with the 2021 Pravasi Bharatiya Samman Award (PBSA) by the Ambassador of India to the Kingdom of Saudi Arabia, H.E. Dr. Ausaf Sayeed. Conferred by the President of India as a part of the Pravasi Bharatiya Divas (PBD) Conventions organized annually since 2003, this award acknowledges august members of the Indian community and their tangible contribution in social and humanitarian upliftment. This year, Dr. Ahmed was one of only 4 recipients from the Middle East and the only one representing the Kingdom.  The pandemic didn’t allow for the more elaborate ceremony that is usually held in New Delhi annually every year, but the sense ......read more

Other Top Stories from Banking and Investments
 
360 Dialogue Series Examines Role of Clean Energy in Driving Covid-Led Green Recovery…

- Organised by Dubai Chamber, virtual event joined by over 80 participants from 17 countries, including green economy and sustainability experts.   United Arab Emirates -  April 14, 2021:   Covid 19 has accelerated the shift towards the transition to green economies on a global level and demand for renewable or clean energy is likely to increase in the coming years, ......read more

MRO Middle East Exhibition to Showcase Expert Speakers and Key Industry Topics for Aviation Sector…

Dubai, United Arab Emirates – 14 April 2021:  The Maintenance, Repair and Overhaul exhibition, will highlight the latest innovation in key areas including sustainability, digitalization, workforce and passenger confidence within the aviation sector through its new Go Live! Theatre feature. The event, taking place from 15th - 16th June 2021 at DWTC, Dubai, will offer complimentary ......read more

BPG Closes Q1 2021 on a High Following Strengthened Omnichannel Positioning…

Dubai, UAE - April 14, 2021:  Award-winning, omnichannel MarCom agency BPG, a part of the WPP network, reported a positive Q1 2021, having clocked up new business wins worth more than 35% of 2020 revenue and growing revenue from top clients by 31% YOY compared to Q1 2020. Operating from its hubs in Dubai and Kuwait, with spokes in KSA, Egypt and Levant, BPG bagged clients across a wide ......read more

World Free Zones Organization to boost free zones' significant role in global economic recovery ...…

New ‘Free Zone Laboratory’ designed to develop free zone operations led by industry experts April 13, 2021: In a first of its kind initiative aimed at empowering free zones around the world through expert advice and guidance, World Free Zones Organization (World FZO) has announced the launch of the ‘Free Zone Laboratory’. The unique initiative features an array of ......read more

Iraqi Ministry of Finance and GE Mark Financial Close of Power Up Plan 4 to Strengthen Iraq's ...…

April 12, 2021:  The Iraqi Ministry of Finance (MOF), GE and their financial partners today celebrated the financial close - a critical milestone that marks the final step of a loan agreement becoming effective - of the Power Up Plan 4 (PUP4). Under PUP4, GE will provide capital and spare parts, repairs and services to the Qudus, Khairat, Baghdad South, Hilla, Mussayab, Haidariya and Karbala ......read more

Bank of America Increases Environmental Business Initiative Target to $1 Trillion by 2030…

Significant Increase from $300 Billion Target by 2030 set in 2019 Company Also Sets Broader SDG-Focused Sustainable Finance Target of $1.5 Trillion by 2030    United Arab Emirates -  April 11, 2021:   Bank of America today announced a goal of deploying and mobilizing $1 trillion by 2030 in its Environmental Business Initiative in order to accelerate the ......read more

World's Oldest Minting Institution Aims to bring Creativity, Elegance and History of French ...…

United Arab Emirates, Dubai, April 2021:  Monnaie de Paris, the world’s oldest minting institution, is expanding its presence in the Middle East with a view to bringing the creativity, elegance and history of the exceptional French craftsmanship in precious metals to the region.    Internationally renowned for their historic expertise and know-how, the iconic Monnaie ......read more

Big Bang Integral Tourbillon Full Sapphire: A FEAT OF PURE SAPPHIRE…

It is true that sometimes less is more – perhaps a lot more. With the Big Bang Integral Tourbillon Full Sapphire, Hublot has taken its Art of Fusion to its ultimate conclusion. A new integral bracelet and case custom-made from sapphire: this feat affirms yet again the technical proficiency and the exceptional expertise that Hublot has acquired in the working of ......read more

Watermelon Joins IPREX Global Communication Platform…

PARTNERING WITH GLOBAL PLATFORM TO ENRICH DUBAI-HEADQUARTERED CONSULTANCY’S EXPERTISE AND GLOBAL REACH Dubai, United Arab Emirates, April 7, 2021: The frontline, homegrown, Dubai-headquartered public relations consultancy with an integrated outlook on communication from strategy to execution, Watermelon Communications, has partnered with IPREX, a US$420 million global network of ......read more

Upfield Announces Vegan Menu Collaboration with [u]bk in Movenpick Hotel…

United Arab Emirates -  April 06, 2021:    Upfield, the world’s largest plant-based consumer goods company, today announced a collaboration between Urban Bar & Kitchen and its new plant-based brand - Flora Plant. As a way of promoting vegan options in Dubai’s dining scene, Movenpick’s Jumeirah Lakes Towers’ Urban Bar & Kitchen [u]bk restaurant has ......read more

EY: 81% of MENA Executives Anticipate Growth and Investment Opportunities to come from the Middle ...…

• 71% of MENA executives expect to see revenues return to pre-pandemic levels by 2022 or earlier • 76% of MENA companies plan to increase investments in technology and digital • 84% of MENA executives say they plan to invest in bolt-on acquisitions, with 55% looking to acquire assets domestically   United Arab Emirates -  April 06, 2021:   According ......read more

Ajman Free Zone capitalizes on Emirati businessmen's expertise to empower entrepreneurs through ...…

05 April 2021:  As part of its ongoing efforts to boost investment activities in Ajman and enhance the performance of its economy, Ajman Free Zone has launched a new initiative called ‘Mashoura’, which leverages the expertise and experiences of leading Emirati businessmen to support entrepreneurs. The initiative establishes new linkages and opportunities to network for ......read more

The Residences at the St. Regis Al Mouj Muscat Appoint Oman Sotheby's International Realty as Its ...…

United Arab Emirates -  April 05, 2021:   The Residences at The St. Regis Al Mouj Muscat has announced the appointment of Oman Sotheby’s International Realty (OSIR) as its exclusive sales agency for its branded luxury apartments resting on the shores of Oman. Recently launched by Alfardan Group, OSIR falls under the umbrella of leading high-end property international ......read more

Mohammed bin Rashid Approves Emirates Development Bank Strategy…

• Mohammed bin Rashid: Advancing the national economy is a top priority that requires a joint effort of all our economic entities in the coming phase • Mohammed bin Rashid: We must adopt a distinctive vision that meets global trends and sustains development to maximize the industrial sector’s revenue and boost the broader economy   Emirates Development Bank’s ......read more

Former Prime Minister of Pakistan H.E. Shaukat Aziz and Indian IT Billionaire Sridhar Vembu to ...…

The ABLF, Asia’s most influential leadership platform, is being held in partnership with Indian conglomerate Aditya Birla Group as well as Etisalat and Aster DM Healthcare.  Dubai, UAE, 04 April 2021:  Former Prime Minister of Pakistan and Chairman of the Boao Forum for Asia, H.E. Shaukat Aziz, Indian Billionaire and CEO, Zoho Corporation, Sridhar Vembu and Yu Tao, President ......read more

Innovation and International Business Potential of UAE-Israel-India Pegged at USD 110 Billion by ...…

United Arab Emirates -  April 05, 2021:  An exclusive event of the International Federation of Indo-Israel Chambers of Commerce (IFIICC) was organized today to discuss the ongoing business collaborations being pursued through IFIICC leadership across sectors by Mr. Kamal Vachani who was recently appointed the Hon. President for UAE of IFIICC.  Ambassador Ilan Sztulman ......read more

The Heart of Europe to Deliver the Middle East's Largest and Most Sustainable Swimming Pool as it ...…

• Grand Azur is eight times larger than an Olympic swimming pool and will be the lifestyle hub linking a quartet of boutique hotels at the centre of the glamourous Côte d’Azur resort   • Measuring 12,000 square metres, it will be the largest and the most sustainable pool in the Middle East and be part of Côte d’Azur Resort at the Heart of Europe leisure tourism ......read more

MMA Announced SMARTIES MENA 2020 Winners on March, 29 2021!…

United Arab Emirates -  March 30, 2021:  MMA SMARTIES honoured the most innovative and effective modern marketing campaigns that ran across the Middle East and North Africa region during 2020 at the Virtual Ceremony held after the inspiring MMA MENA Creativity Unplugged Event. The event featured “Best Cases of MENA” session held by Abdullah Ghandour, Digital ......read more

Compliance Risks within the Life Sciences Industry Increase during Covid-19 Pandemic: new KPMG ...…

• KPMG’s inaugural report highlights emerging compliance issues in the sector • Bribery of healthcare professionals and misuse of charitable donations identified as significant compliance risks   United Arab Emirates -  March 29, 2021:   More than a third (39%) of the Middle East’s Life Sciences industry leaders identify bribery and corruption as ......read more

ionBench® Manufacturer of Mobile Benches for Scientific Instruments in the GCC…

Dubai, United Arab Emirates –March 29, 2021 – ionBench®, a renowned French manufacturer of mobile benches for scientific instruments, especially designed for Mass Spectrometers announces the availability of its products and latest innovations in the UAE, Saudi Arabia, Qatar, Kuwait and Bahrain. Supplying to pharmaceutical, environmental, clinical and university laboratories, and ......read more

Burgan Bank Rewards its Customers with a 15% Discount in Partnership with “The Pet Lobby”…

Kuwait – 29, March 2021:  Burgan Bank continuous to reward its customers with a special offer in partnership with “The Pet Lobby”, a leading pet store for dogs and cats in Kuwait. Burgan Bank customers can now enjoy 15% discount on all supplies and services when using any of Burgan Bank cards.  Ms. Dana Al-Nesef, Manager- Product and Segments at Burgan Bank ......read more

Mubadala to Invest in Premium Ophthalmic Lens Innovator Rodenstock…

United Arab Emirates -  March 28, 2021:  Mubadala Investment Company today announced that it would invest in Rodenstock Group (“Rodenstock”), the leading manufacturer of premium ophthalmic lenses, as a minority investor alongside Funds advised by Apax (the “Apax Funds”).  Founded in 1877, Rodenstock has been a global leader in prescription lenses for ......read more

Commodity Sentiment Hurt by China, Dollar and Virus Focus…

United Arab Emirates -  March 28, 2021:  The Bloomberg Commodity index, currently down 2.3% on the month, is on track to record its weakest month since last September. A weak sentiment in Asia has taken over as a factor supporting the dollar thereby driving consolidation in a widening number of commodity prices, most lately industrial metals.  Adding to the current loss of ......read more

Akhbar Al Aan calls on youth to participate in its newly launched ‘Your Story on Akhbar Al Aan' ...…

Campaign offers more media space to younger generation by meaningfully engaging them in news content creation March 27, 2021: ‘Akhbar Al Aan’ announced the launch of its ‘Your Story on Akhbar Al Aan’ campaign to encourage younger audiences, including social media savvy ‘TikTok’ users to share their inspiring stories, experiences, achievements and challenges ......read more

Badiri's New International Programme Furthers UAE's Enabling Environment For Female Entrepreneurs ...…

In partnership with the UAE’s Ministry of Economy and local and international institutions      • Offers integrated entrepreneurship training for UAE-based women to grow business ideas into pilot projects and startups • Programme includes 6 learning modules, 7 workshops, project visits to successful enterprises and one-on-one mentorship • Sharjah ......read more

EI-Technologies MENA Reinforces its Regional HQ in Dubai to Boost Businesses in their Digital ...…

Aimed at providing a better digital experience for both their clients and employees, EI-Technologies MENA teams introduce a new approach of tailored solutions integrating World-Class CRM. Dubai, United Arab Emirates – March 24,  2021: EI-Technologies MENA by Neo-Dis.com, the leading CRM partner providing technology consulting services and CRM multi-cloud implementation in the Middle ......read more

SolarWinds Head Geeks to Discuss Next Normal Network Improvements Needed at Cisco Live! 2021…

Company to showcase IT monitoring tools NetPath, PerfStack, and Orion Maps    March 24, 2021:  SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced its participation at the Cisco Live!® global digital event, March 30 – April 1, 2021. The company will showcase three key IT monitoring tools—NetPath™, ......read more

Verloop.io Partners with Emirati-based AHAD to Bring Conversation AI to Middle Eastern Markets…

●  The partnership will enable AHAD and Verloop.io to bring Secure Conversational AI for Middle Eastern-based enterprises  ●  AHAD’s clients include the government, Fortune 500 companies, healthcare, banking and finance and start-ups.  ●  As per the agreement, AHAD will be given rights to market, promote and license Verloop.io’s ......read more

IFS Acquires Axios Systems…

• IFS further extends stronghold in service management with additional Enterprise Service Management capabilities • With Axios Systems’ leading ITSM & ITOM solutions, companies can design, automate, and simplify workflows along the value chain and deliver amazing   Moments of Service   Dubai, United Arab Emirates - March 23, 2021:  IFS, announces ......read more

ABB Technology to Power World's Largest Seawater Desalination Project…

United Arab Emirates -  March 23, 2021:   ABB technology is being used to build the world’s largest desalination plant in Taweelah, Abu Dhabi, United Arab Emirates. The USD 500 million development will have the capacity to process over 900,000 cubic meters of seawater per day, enough to meet the demands of over 350,000 households.  Approximately 45 kilometers north ......read more

At Zoholics Dubai, Zoho Announces Expansion Plans for the MEA Region…

Will open offices, hire locally, open data centres, and invest in partnerships and initiatives to benefit local communities and create self-reliant regional economies.    United Arab Emirates -  March 23, 2021:   Zoho, the global technology company offering the most extensive suite of business software in the industry, on the occasion of its annual user conference, ......read more

News Direct and Media OutReach Form Distribution Partnership for Asia Pacific and America*…

Two Industry Disruptors Share Their Strong Distribution to Benefit Global Clients March 22, 2021:   News Direct and Media OutReach - two newswires that are revolutionizing the news distribution industry with advances in technology, analytics, security and workflow - have entered into a reciprocal press release distribution arrangement covering the United States and Asia Pacific ......read more

UAE Retail Sales Forecast to Hit $58 Billion in 2021: Analysis…

• Pent up consumer demand, progress of Covid-19 vaccination drive and Expo 2020 Dubai among key factors supporting positive outlook for UAE retail market.   • UAE currently leads the Middle East and North Africa region in household spending on e-commerce at $2,554 per household.   United Arab Emirates -  March 21, 2021:  Retail sales in the UAE are ......read more

UAE Tops Mena Region as Most Active in CSR…

• Cicero & Bernay Public Relations and YouGov launch first annual regional corporate social responsibility survey report. • The questions were curated and formulated to best emphasise and reflect the current CSR ecosystem pre- and post-COVID-19. • 9 in 10 UAE executives acknowledge the impact of CSR. • Saudi Arabia ranks second in adopting CSR as a way of life for ......read more

Earth Hour 2021 Calls for Urgent Action to Set Nature on the Path for Recovery…

• Scientific evidence shows that nature loss is linked to an increased risk of pandemics. • On March 24, ‘Earth Hour 2021 – Let’s Speak Up for Nature’ virtual event will spotlight inspiring UAE-based speakers across businesses, the government and youth, who are making a difference within their communities.  • To ensure public safety as COVID-19 ......read more

ADEK Opens Application for Abu Dhabi Scholarships for Distinguished Students…

• Application opens 21 March and closes 3 April for high-performing Emirati Grade 12 / Year 13 students and undergraduates aged 24 and under  • Students accepted at the world’s top 20 universities are eligible for a fast-track scholarship application process • Outstanding Abu Dhabi scholars to receive end-to-end academic, career and personal development guidance ......read more

Bybit Adds ADA, DOT and UNI to Its USDT Margined Offerings…

SINGAPORE - Media OutReach - 18 March 2021 - Cryptocurrency derivatives exchange Bybit has announced today the arrival of three new USDT trading pairs with Cardano's ADA, Polkadot's DOT and Uniswap's UNI.   The introduction of these new trading pairs is the second expansion of Bybit's markets in as many weeks, following the arrival of BTCUSD0625 futures contract on March ......read more

News Direct and Media OutReach Form Distribution Partnership for Asia Pacific and America…

Two Industry Disruptors Share Their Strong Distribution to Benefit Global Clients 18 March 2021:  News Direct and Media OutReach - two newswires that are revolutionizing the news distribution industry with advances in technology, analytics, security and workflow - have entered into a reciprocal press release distribution arrangement covering the United States and Asia Pacific ......read more

Fintech Startup M2P Solutions-YAP Raises $10million in Series B Funding…

Fintech startup YAP will use the funding from investors Flourish Ventures and Omidyar Network India to fuel its overseas expansion and strengthen its team via fresh recruitments. Date: Abu Dhabi, UAE; March 18, 2021:  Fintechstartup M2P Solutions- YAP has raised $10 million (Dhs 36.7 Mn) in a Series B funding that was co-led by Flourish Ventures and Omidyar Network India at an ......read more

Provence (South of France region) is Boosting Efforts to Develop Bilateral Cooperation with ...…

o Part of the economic dialogue between France and the United Arab Emirates o Keynote speech from Port of Marseille-Fos during the UAE-France Business days   United Arab Emirates - March 17, 2021:  As part of the UAE-France Business Days that will be held from 22 to 24 March to strengthen trade links between the United Arab Emirates and France, Aix-Marseille-Provence ......read more

Brazil's trade flow with Arab countries reaches USD 2.56 billion in Jan and Feb 2021 …

Year-on-year performance climbs 12.5 per cent March 17, 2021- Brazil’s trade balance with Arab countries recorded an increase of 12.5 per cent in January and February 2021 compared to its performance from the same months a year ago, posting a total value of USD 2.56 billion. The latest figures were released by the Arab-Brazilian Chamber of Commerce (ABCC), which highlighted that the ......read more

Hitachi ABB Power Grids and Yinlong Energy Collaborate to Make Urban Bus Transportation Green and ...…

The combined offering provides urban transportation operators with a complete, one-stop shop e-mobility solution to reduce city air and noise pollution Dubai - 16 March, 2021: Hitachi ABB Power Grids today announced it has signed a memorandum of understanding with Yinlong Energy, one of the world’s largest manufacturers of electric buses, to help cities speed up their transition to ......read more

BofA - Energy Forecast Changes - $63/bbl Brent and $60 WTI in 2021, and $60 and $57 in 2022; ...…

Energy forecast changes; impact on oil stocks BofA Global Research Media Relations Energy reports Global Energy Weekly: All things thrive at thrice US Oil and Gas: Value framework in practice: adopting $60 Brent base case, hi-grading stock selection Oilfield Services: Watching OPEC policy closely as artificially inflated oil prices tempt US Shale LatAm Oil & Gas: Rising oil ......read more

Grundfos Delivers Strong Financial Performance in 2020…

United Arab Emirates -  March 16, 2021:   After having been significantly impacted by COVID-19 during the first half of 2020, Grundfos returned to stronger sales traction in the second half of 2020 with sales only 1.0% below 2019. Return on sales reached 9.9% and in a challenging year, Grundfos maintained a high customer satisfaction score and continued to deliver on its ......read more

Ensuring Safety in Physical Learning Environments…

Thorough Indoor Air Management Remains a Crucial Concern for Parents and Teachers as School Environments Re-Open   United Arab Emirates -  March 16, 2021:   As schools across the Gulf region experience phased reopening and a transition towards hybrid learning models, educational institutions are tasked with creating environments in which employees and pupils alike are ......read more

Sheraa Introduces Sharjah's Dynamic Ecosystem and Global Connectivity to 11 Leading Italian Startups…

On a visit to their headquarters, Italian founders were offered detailed insights into Sheraa’s robust programmes and incentives designed to promote innovation and excellence      United Arab Emirates -  March 11, 2021:   The Sharjah Entrepreneurship Center (Sheraa) hosted a delegation of founders representing Italy’s leading startups at its ......read more

Philips Meets its ‘Healthy People, Sustainable Planet' Targets and Forges Ahead with Integrated ESG ...…

• Philips is one of the first health technology companies in the world that has become fully carbon neutral in its operations • New integrated Environmental, Social and Governance framework with targets and action plans builds on current success to raise the bar for the company’s ESG performance over the next five years    United Arab Emirates -  March 11, ......read more

BofA: North American Senior Gold Producer Primer…

United Arab Emirates -  March 11, 2021:     4th edition of North American senior gold producer primer This is the fourth edition of our primer profiling the North American senior gold producer sector. We define a senior gold producer as one with annual production in excess of 1.75 million ounces. Amongst the North American domiciled gold producers, Agnico Eagle ......read more

Business France Gears up to Participate at DIHAD 2021…

France’s top companies bring French expertise to Dubai International Humanitarian Aid and Development Conference & Exhibition United Arab Emirates - Dubai, March 10, 2021:  Business France, the national agency supporting the international development of the French economy through its International Organizations and Doners department, will be participating in the 17th edition ......read more

ABB Urges Greater Adoption of High-efficiency Motors and Drives to Combat Climate Change - Global ...…

In a new whitepaper published today, ABB reveals potential for significant energy efficiency improvements in industry and infrastructure enabled by the latest and most high-efficiency motors and variable speed drives. ABB calls on governments and industry to accelerate adoption of the technology to help combat climate change.   United Arab Emirates -  March 09, 2021:   ......read more

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