UAE Internal Auditors Association (IAA) to increase number of UAE nationals working in private and government sectors by tenfold by 2021
UAE-IAA leads the region in quality internal auditing training
DUBAI, May 28, 2017: The UAE Internal Auditors Association (UAE-IAA) is actively working towards increasing the participation of UAE nationals in the workforce through its recently launched internal auditing training programme, HASAAD.
HASAAD programme, running in collaboration with Higher Colleges of Technology, Protiviti and PRC, is aligned with ABSHER, an initiative by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates (UAE), which focusses on creating job opportunities for UAE nationals, vocational guidance and counselling, training and development, besides encouraging Emiratis ......read more
Dubai-UAE: 27 May, 2017 – Noor Bank, a leading Shari’a-compliant bank in the UAE, announced today that it joined the region’s prominent financial, legal and insurance institutions as a Gold Sponsor at the latest edition of the Bonds, Loans & Sukuk Middle East conference.
Organised by GFC Media Group, the region’s largest finance and investment conference convenes high-profile issuers, investors, bankers, legal advisors and rating agencies to discuss the developments in the local and international bonds, syndicated finance and Sukuk markets.
Speaking about Noor Bank’s participation, Hussain Al Qemzi, Managing Director of Noor Bank, said: “Year after year, the Bonds, Loans & Sukuk Middle East conference has served as an effective networking platform for Noor Bank. Our ......read more
Industry experts and stakeholders gather to discuss consumers’ role in reducing energy consumption as world’s most energy efficient light bulb becomes commercially available across the UAE
May 24, Dubai, United Arab Emirates: Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting has announced that Dubai Lamp, the world’s most energy efficient light bulb, will be widely available across the Emirates starting May 27.
The announcement, made this morning at a roundtable discussion on sustainability hosted by Philips Lighting, was attended by Olav Scholte, Marketing Manager End-User Projects at Philips Lighting Middle East; Ivani Iannelli, CEO of Dubai Carbon; Helen Farmer, journalist and mummy blogger; and Amruta Kshemkalyani, sustainability and lifestyle blogger. The panel ......read more
Dubai, May 23, 2017: Doha Bank won the “Best Bank Governance – Qatar 2017” at Capital Finance International (CFI) co Awards 2017 in Second week of May 2017 at London. In recognition of the award, Dr. R. Seetharaman Doha Bank CEO said “The Best Bank Governance award is a recognition for Doha Bank Board for its active involvement in promoting excellence in Corporate Governance.
It reviews and provide guidance about the alignment of corporate strategy with risk appetite and the internal risk management structure. Doha Bank is recognized as one of the few ‘Domestic Systemically Important Bank’ (DSIB) in Qatar. The Bank is committed to adhering to and promoting good corporate governance at every level within the Bank from the Board of Directors and Senior Management down to branch and ......read more
91% of regular savers save monthly, marking a 4% increase from 2015
64% of savers plan to increase their savings, 68% plan to start saving
Potential for saving increases by 19% compared to 2015
55% saved less in 2016 than they did in 2015
45% expect an increase in their income
89% think their savings are not enough for the future
55% saved less than planned, while 28% saved about the same amount
Dubai-UAE: 23 May, 2017: National Bonds Corporation (National Bonds), the leading UAE company specializing in a unique and Sharia-compliant investment program, has released its 2016 Savings Index findings based on a survey conducted among savers and non-savers in the GCC region.
Compiled by Sondos Market Research, the survey aimed to gain feedback on three key areas - financial stability, potential for saving and ......read more
Abu Dhabi and Dubai, UAE – 22 May, 2017: DarkMatter, the international cyber security firm headquartered in the UAE, and du – the UAE-based telecommunications service provider, today announced a commercial partnership to offer enhanced cyber security products and services to enterprises across the country.
The commercial partnership – the first of its kind in the UAE – complements du’s current suite of managed service products and services for its enterprise customers that are demanding higher levels of security. Through the partnership, DarkMatter will provide its expertise to du’s extensive business customer base.
Fahad AlHassawi, Chief Commercial Officer, du said: “Security is a critical component that is already built into the DNA of our products. With the evolving landscape in ......read more
Money transfers from UAE that culminate onto mobile wallets in Kenya are 50% cheaper than other modes
Dubai, May 23, 2017: Owing to its convenience and lower remittance costs, international money transfers to mobile wallets in Kenya have been soaring high in the last few years. In the UAE alone, Xpress Money has seen a 14% increase in remittances that culminate onto mobile wallets in Kenya in the last 2 years. The brand forecasts an additional increase of 5% by the end of 2017.
Mobile payments are growing worldwide, with the number of active users expected to hit 450 million in 2017. A new World Bank report released in 2017 indicates that mobile wallets have emerged as the cheapest way of conducting a remittance transaction, at fees averaging 3.73% . Kenyans overseas are increasingly realizing the convenience that ......read more
Doha, Qatar – 22 May 2017: Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has received the award of ‘Leading Bank in Islamic Services and Products in Qatar’ at the ‘The Arab Banks Awards & Commendations of Excellence 2017’, which was organized by the World Union for Arab Bankers (WUAB) on May 12th in Beirut.
The award was received by Mr. Talal Ahmed Al Khaja, Group Chief Communication’s Officer at Barwa Bank during a grand ceremony held in Beirut, attended by an elite group of international financial and banking leaders, industry experts and VIP guests.
Commenting on winning the prestigious award, Mr. Khalid Al Subaie, Group Chief Executive Officer at Barwa Bank, said:
“At Barwa Bank, we are driven by a dedicated pursuit of ......read more
Global rail technology leader to join Expedia's family of top global brands
BELLEVUE, Wash., USA and LONDON, May 21, 2017: Expedia, Inc., (NASDAQ: EXPE), one of the largest online travel groups globally and owner of brands such as Expedia.com, Hotels.com and Trivago, have announced entry into a definitive agreement with SilverRail Technologies, Inc., the world’s first dedicated rail GDS technology provider. Expedia® will acquire a majority stake in SilverRail.
SilverRail’s core mission is to solve rail's most challenging technology problems and the company has been an important Expedia industry partner, helping to bring online booking for rail to Expedia's customers.
"Rail is ready for an online revolution, and we're ready to be a part of it. Rail's shift online is one ......read more
Company’s regional headquarters in Dubai to serve as base for expansion in one of the world’s top remittance sending regions
Third largest money transfer company in the world unveils new remittance service to India with three new principal agents adding tens of thousands of locations to their Indian network
Dubai, U.A.E., May 21, 2017: Ria Money Transfer (“Ria”), the third largest money transfer company in the world and subsidiary of Euronet Worldwide Inc. (NASDAQ: EEFT), has announced its expansion and ramp-up in the GCC countries and has more than 50 key business partnerships in the banking and financial services sector. Speaking at a press conference in Dubai, Juan Bianchi, CEO & President of Ria Money Transfer also announced that the company has launched an industry leading outbound ......read more
Dubai, 18 May 2017: UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, is bringing its financial services to the doorsteps of its customers.
Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, is introducing the Mobile Exchange facility for the employees of its corporate clients to withdraw salaries literally from anywhere. This new initiative was brought into operation on the occasion of the 11th anniversary of Smart Pay. The first transaction was conducted at Le Meridian Hotel, Dubai.
The Mobile Exchange is a first-of-its-kind initiative in the UAE. As a pilot, the Mobile Exchange will travel across Dubai only. It will be stationed at key locations, reaching out to all major labour camp areas. Customers can withdraw their salaries during their visit to ......read more
Born on May 19, 1973, the UAE Dirham reflects the Spirit of the Union in its unified form
May 17, 2017, Dubai: As the UAE dirham completes its 44th year on May 19, the currency celebrates its unified form representing the seven emirates after undergoing several transformatios. The 1973 born banknotes began their journey in denominations of 1, 5, 10, 50 and 100, displaying the watermark of an Arabian horse – which was later changed to falcon, the national bird of UAE. The date also marks the formation of United Arab Emirates Currency Board which issued the new notes bearing various local environmental landmarks and geographical boundaries of the UAE.
“The very first denominations were imprinted with landmarks that represented each emirate separately with the name of emirate on the bank note,” said Mr ......read more
showcased 20 high potential startups at leading innovation driven events in the UAE, including AIM Startup, STEP Conference and ING Creative Festival
in5 members raised approximately AED140 million in funding
Dubai-UAE: 17 May, 2017: in5, the enabling platform for entrepreneurs and startups, launched by TECOM Group, is leading the charge in transforming the UAE startup space with its sustained efforts in accelerating the scope and visibility of entrepreneurs amongst a valuable pool of thought leaders, the wider business community and investors.
Commenting on in5’s progress to date, Malek Al Malek, CEO of TECOM Business Parks said: “We congratulate our in5 members who have made the most out of the startup opportunities offered to them. Since the launch of in5 in 2013, our members have raised approximately ......read more
Sultan Butti bin Mejren: Dubai is a center of global real estate innovation
Omar Subhi: National Bonds will soon start phase three
Dubai-UAE: 17 May 2017 - National Bonds Corporation PJSC (National Bonds), the leading sharia-compliant savings and investments company in the UAE, recently won the Best Mortgage Product for its distinguished work on developing the second & third phases of the Green Community project at Motor City which offers buyers the opportunity to own their dream home with a flexible payment plan spanning over eight years.
The company was recognized during the Gulf Real Estate Awards ceremony that was held by the Dubai Land Department in collaboration with “Awards International” with the attendance of over 300 leading real estate companies.
In this context, His Excellency Sultan ......read more
Dubai, May 17, 2017: Doha Bank hosted a knowledge sharing event on “Regulatory Changes and Opportunities” on 15th May 2017 at Four Seasons Hotel, Doha, Qatar. The Guest of the Honour in the evening was H.E. Mr. Nassir Abdul-Aziz Al-Nasser, UN High Representative for the Alliance of Civilizations. Mr. Ali Ibrahim Abdullah Al- Malki, Member of BOD of Doha Bank had also graced the occasion. The speakers at the event include Dr. Ehab Elsonbaty, Senior Legal Counsel, Head of Governance and Government Affairs, Qatar Investment Authority, Mr. Sultan Al-Kuwari, Capability Development Manager, Qatar Development Bank, (QDB), Mrs Prue Morris, Managing Director, Policy and Enforcement, QFCRA and Mr. Craig A Richardson, Partner, Head of Tax, KPMG Qatar and Bahrain.
“H.E Mr. Nassir Abdul – Aziz Al Nasser stated ......read more
Dubai, UAE, May 16: 2017: Marks & Spencer is pleased to announce the launch of its new scent for Ramadan; Opulence OUD.
This delightful scent contains warming and spicy accents with an opulent, enticing floral heart and aromatic saffron accords. The fragrance leaves a warm, woody and sensual trail on the skin with notes of vanilla, sandalwood, patchouli and dahn al oudh.
Opulence OUD Eau De Parfum 100ml
The fragrance leaves a warm, woody and sensual trail on the skin with notes of vanilla, sandalwood, patchouli and dahn al oudh
Opulence OUD Coffret
This gift features eau de parfum 100ml and eau de parfum 25ml. A fragrance to captivate the senses.
Rosie Nuit Parfum 75ml
Rosie for Autograph Nuit Parfum, exclusive fragrance from British model and actress Rosie ......read more
• Awarded ‘Best Islamic Bank’, ‘Best Islamic Retail Bank’, ‘Best Islamic Corporate Bank’, ‘Best Sukuk Arranger’ and ‘CEO Award’
Dubai, UAE, 15 May 2017: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, continued its dominance of the Islamic finance sector bagging an impressive five ‘Industry Awards’ at a ceremony by CPI Financial, the publisher of Banker Middle East magazine held on May 11, 2017 at the Emirates Towers Hotel in Dubai. A clear indication of the bank’s leadership position in both the wholesale and consumer businesses, DIB once again received the Best Islamic Bank, Best Islamic Retail Bank, Best Islamic Corporate Bank & Best Sukuk Arranger accolades, effectively repeating its impressive feat last year. In ......read more
Continued pick-up in business confidence surveys across the major economies
US and Continential Europe Equity Markets offer best growth prospects
Emerging Markets upgraded to overweight, driven by burgeoning business confidence
Dubai, UAE, May 14, 2017: Barclays revealed today its latest tactical investment recommendations in its Q2 2017 “Compass” report, published by Barclays’ Private Bank.
The latest edition of the Compass research report, which examines major asset classes globally, maintained its overweight allocation to Developed Markets Equities stating that the US and Europe stock markets (excluding the UK) are likely to offer best growth prospects for investors.
The report also assigned an overweight allocation to Emerging Markets Equities as the business cycle continues to ......read more
Dubai, UAE, May 14, 2017: Global shipping, logistics & marine services provider GAC has announced a new round of management appointments at Group and individual company level.
To sharpen the Group’s commercial focus, a new Group Sales Management structure has been put in place with two dedicated Group Sales Directors to guide and oversee the sales strategy of GAC’s shipping, logistics and marine services in the Eastern and Western hemispheres, respectively.
Ronnie Knowles, formerly Managing Director at NSGAC Abu Dhabi, has taken over as Group Sales Director – East, responsible for the geographical regions from the Middle East to Japan. He is based at the GAC Regional Office in Singapore. For the area from the Americas to Europe and Africa, former Marketing Manager – Shipping Services Neil ......read more
Dubai, May 14, 2017: Doha Bank has been named the 'Best Regional Commercial Bank' for the fifth time in a row at the Banker Middle East Industry Awards 2017. The awards were presented in Dubai on 11th May 2017 at Emirates Tower Hotel, Dubai.
Dr R Seetharaman, Group CEO of Doha Bank, received the award on behalf of Doha Bank and said “To be recognised as the foremost commercial bank in the Middle East for a fifth straight year is a firm acknowledgement of the effectiveness of Doha Bank's business strategy and the value it provides to its various stakeholders. In 2016 through the efficient asset allocation model the return on average Shareholders’ equity was 12.1% and return on average assets was 1.21% which is a clear demonstration of the effective utilization of funds. Some of the major initiatives in ......read more
Dubai, UAE, May 11, 2017: Filorga, the first French aesthetic medicine laboratory takes inspiration from the latest advances in aesthetic medicine to develop a cutting-edge serum that can treat all types of wrinkles. By integrating active ingredients usually reserved for aesthetic medicine in a skincare formula, Filorga has created an effective concentrate to erase wrinkles in women aged 35 and above called Time-Zero.
Wrinkles are the first external signs of aging and there are four main types of them that tend to affect your skin. These include, deep wrinkles, fatigue wrinkles, contraction wrinkles and surface wrinkles, which are caused by various reasons. Filorga’s Time-Zero Multi-Correction Serum is equipped to tackle all types of wrinkles as the ingredients contained in the product work in synergy to ......read more
Dubai, UAE: Global Banking and Finance Review has announced ICS Financial Systems Ltd. (ICSFS), the global software and services provider for banks and financial institutions, the “Best Islamic Banking Technology Provider MEA 2017”
Global Banking and Finance Review awards ICS Financial Systems Ltd in recognition for its prominent in particular areas of expertise and excellence within the global financial community. The award reflects the innovation, achievement, strategy, progressive and inspirational changes taking place within the financial sector. ICS BANKS® ISLAMIC provides a complete - shari’a compliant - banking business solutions, and have facilitated banks in achieving a competitive edge by offering a complete integrated End-to-End and comprehensive suite of Islamic ......read more
UAE, May 10, 2017– Salem Ahmad Almoosa Enterprises (SAAE), one of the UAE’s most prominent business conglomerates, has announced its participation as the Gold Sponsor of the 2017 edition of the Dar Al Ber Quran Memorization Project held today (May 10, 2017) at the Headquarters of Dar Al Ber Society in Dubai. This sponsorship comes as part of the company's continuing commitment towards supporting national initiatives and efforts that are aimed at strengthening religious and ethical culture among the UAE youth--also falling in line with the 'Year of Giving' initiative and the directives of the country's wise leadership to develop an integrated and unified community that adheres to Islamic values and principles.
On its ninth year, the event honored the exceptional young students who have achieved ......read more
Brand emphasises career growth opportunities and long-term commitment towards developing UAE National talent
Dubai, UAE, May 11, 2017: The passion for excellence coupled with the commitment of transferring happiness has earned select Emirati staff of UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, with special promotions. A formal felicitation ceremony was held at the brand’s global headquarters in Abu Dhabi today.
12 Service Supervisors were elevated to the rank of Marketing Managers, Branch Managers and Service Leaders while 11 Emirati Service Officers were promoted to the position of Service Supervisors.
Speaking on the occasion, Abdel Kareem Alkayed, UAE Exchange Country Head for the UAE, said: “The recognition reiterates our commitment towards equitable ......read more
New vision unveiled to guide Mashreq Bank forward for the next 50 years
Mashreq registers 50 years of uninterrupted profits and significant growth
Dubai, 10 May 2017: Mashreq Bank, the UAE’s oldest privately owned bank, is celebrating its 50 year anniversary in the United Arab Emirates today at the Dubai Opera. With 50 years of achievements, the bank is the market leader when it comes to product and service innovation and customer service. This leadership is because of the bank’s dynamism and ability to quickly adjust and respond to changing market trends.
Mashreq Bank, originally called Bank of Oman, was formed by a decree from His Highness Shaikh Rashid Bin Saeed Al Maktoum in 1966, and formally opened on 1st May 1967. With the strong encouragement of His Highness Shaikh Rashid, Mashreq Bank has ......read more
DHL named ‘Top Company to Work For in the UAE’ for fourth consecutive year
Mr. Elie Khouri recognized as ‘Leader of the Year for 2016-2017’
Dubai, UAE, 8 March 2017: Great Place to Work® - a global research, training and consultancy firm that recognizes the best workplaces in over 50 countries worldwide - has revealed its seventh annual list of ......read more
Abu Dhabi: March 8, 2017: SNC-Lavalin (TSX: SNC) is pleased to announce that its wholly owned subsidary Kentz Overseas Company WLL has been awarded a five-year commissioning support services framework agreement by Petroleum Development Oman (PDO). Under the agreement, the company will provide a variety of systems completions, commissioning and start-up service activities on a portfolio of ......read more
Dubai, United Arab Emirates, 8th March 2017: Eros Group, UAE’s trusted distributor for consumer electronics with a portfolio of world renowned brands Samsung, Hitachi, Linksys, TCL, Midea and many more, has been officially recognized as one of the ‘Top Companies to Work for in the UAE’ in 2017 by Great Place to Work®, a global research, training and consultancy firm ......read more
GCC banks and financial institutions must speed up their efforts in preparing for International Financial Reporting Standards (IFRS) 9 or risk non-compliance when the new financial instruments standard is introduced on 1st January 2018, according to accountancy and finance body ICAEW.
Dubai, UAE, March 8, 2017: This was the narrative of a recent joint briefing session organised by Dubai ......read more
DUBAI - March 8, 2017: Hotpack Packaging Industries, a leading producer and wholesaler of quality disposable food packaging materials in the UAE, has recently announced an investment of GBP 50 million to develop a facility in Wrexham – Wales, England. The facility will be equipped with the latest in packaging and manufacturing technologies.
The announcement was made when Ms. Lesley ......read more
Doha Bank to increase capital by 20% to QR 3,100,467,024
Dubai,UAE,March 07, 2017: H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Doha Bank, announced that the EGM has agreed in its meeting held on 06 March 2017 to increase the bank’s capital from QR 2,583,722,520 to up to QR 3,100,467,024 (representing an increase of 20% from the current paid-up share capital) by ......read more
Dubai, March 7, 2017: With the Indian government’s decision to relax daily account withdrawal limits, Indian expats in UAE can now send money to India through Xpress Money without any worry. With the availability of cash returning to normal, recipients can instantly collect the full amount in cash across the 55,000 outlets of Xpress Money in India.
Remittance recipients ......read more
UAE banking sector has been able to adapt and remain resilient to the headwinds faced in 2016
Dubai, UAE, March 7, 2017: The Board of Directors of the UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE, held its first meeting of the year today, Tuesday (7 March, 2017) in Dubai, to review the achievements and key highlights of ......read more
UAE banking sector is aligning itself with new International Financial Reporting Standard, which becomes effective in 2018
Dubai-UAE: 7 March, 2017: Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a high-level interactive workshop attended by more than 60 senior bankers and finance officers to discuss ......read more
Dubai-UAE: 6 March, 2017: National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, has signed a Memorandum of Understanding (MoU) with Smart Dubai Government Establishment (SDG) to enable seamless access to all National Bonds’ products and services via DubaiID.
Mohammed Qasim Al Ali, CEO of National Bonds, and His ......read more
Digital and in-app transactions can reach unbanked audiences with convenient, fast and low-overhead services
Dubai, UAE, March 6, 2017: The Foreign Exchange and Remittance Group (FERG), comprising businesses engaged in the money exchange and remittance industry, believes the rise of fintech in the GCC can help the remittance sector serve wider audiences faster through digital-first ......read more
UAE – March 5, 2017 - The Dubai Airport Freezone Authority (DAFZA) performed strongly in 2016, achieving 16 per cent net profit growth and posting a 2 per cent growth in its total revenue and a 28 per cent increase in its total assets and a 3% rise in EBID. According to official reports, the total leasable area of multinational companies occupying the Freezone rose by 44 per cent, while ......read more
UAE, March 5, 2017- Emirates Environmental Group (EEG), the country’s pioneer in community programmes for the environment, recently organised an annual gala for its members at the Hilton Dubai, Jumeirah Beach to mark the celebration of EEG’s work in 2016 and highlight the major milestones achieved. Among the distinguished guests who graced the occasion were H.E. Eng. Sheikh Salem bin ......read more
Event chaired by H.E. Abdul Aziz Al Ghurair will provide UAE national entrepreneurs with practical insights on how to deal with challenges
Dubai, UAE, March 5, 2017: More than 100 Emirati entrepreneurs will attend a seminar discussion hosted and organized by the Emirati Entrepreneurs Association (EEA), in partnership with the UAE Banks Federation (UBF). Taking place on 12 March 2017 in ......read more
Dubai-UAE: 5 March, 2017: World Leadership Federation (WLF), a global platform that celebrates excellence in leadership capabilities across various industry domains, opened its Middle East chapter by honouring top performing professionals in the region. The inaugural Middle East Asia Leadership Summit & Awards was held at The Address Marina, Dubai, in the presence of several ......read more
Dubai, UAE, 4 March, 2017- Dabur International, has been recognised as the ‘Best Industrial Company’ and the ‘Fastest Growing Company’ at the recently concluded Ras Al Khaimah Free Zones Business Excellence Awards 2016. Naturelle LLC, a subsidiary of Dabur International, was honoured for delivering value to its clients and the community through its products and services as ......read more
Cyber threats are the most critical and rapidly evolving risk facing business in 2017
Dubai, UAE, March 1, 2017: Inga Beale, CEO, Lloyd’s, met with H.E Essa Kazim, Governor of the Dubai International Financial Centre (DIFC) and Chairman of Dubai Financial Market (DFM) earlier this week.
The executives discussed 2017 business outlook, new growth opportunities and means to further ......read more
Dubai-UAE: 1 March, 2017: The Pearl Initiative, the leading Gulf business-led non-profit organisation promoting a corporate culture of accountability and transparency as a key driver of competitiveness across the region, today announced that it has joined hands with BNY Mellon Wealth Management, to advance best practices among the region’s family-run businesses.
A leading wealth ......read more
Bin Shafar: “Empower’s annual agenda has many initiatives that target the whole society”
Dubai, UAE, 1 March 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has been awarded the Dubai Chamber CSR Label for the third consecutive year, in recognition of the company’s social initiatives which ......read more
UAE, Feburary 28, 2017 – Dhofar Global, a leading supplier of hygiene care products in the Middle East, has further strengthened its presence in Qatar following the recent opening of its new state-of-the-art headquarters in the country in line with its comprehensive expansion plan and full commitment to better address the needs of the thriving local market. Dhofar Global’s move also ......read more
Ras Al Khaimah – UAE: 28 February 2017: Saud bin Saqr Establishment for Small and Medium Enterprises (RAK SME) and National Bank of Ras Al Khaimah (RAKBANK) signed a memorandum of understanding to provide financing services at competitive prices for entrepreneurs from the establishment members, as the bank is considered one of the supportive organizations of commercial business and it ......read more
tajawal becomes the first online travel agency across MENA to opt for convenient payment solutions
Dubai, UAE February 28, 2017: tajawal, the Dubai-based online travel startup, has collaborated with Visa Checkout to provide easy payment solutions to its customers. This move makes it the first online travel agency in the MENA region to integrate quick digital payment solutions on their ......read more
UAE, February 28, 2017- The Department of Economic Development - Ajman (DED-Ajman) recently held a joint meeting with the Ministry of Economy and representatives of local outlets and trading establishments to discuss and coordinate the joint activities and initiatives to be implemented during the coming 12th edition of Gulf Consumer Protection Day, which is scheduled to be celebrated on March 1, ......read more
UAE, February 27, 2017- Islamabad United’s Captain, Misbah ul Haq, visited the Head Office of Al Ansari Exchange recently upon the invitation of JS Bank Pakistan, to show solidarity with Pakistanis remitting money back home and contributing to Pakistan’s economic growth.
The test cricket captain was welcomed by Rashed Ali Al Ansari, General Manager, Al Ansari Exchange and Worldwide ......read more
Willis Towers Watson and Emirates Insurance Association address the challenges of the Insurance sector
Dubai, United Arab Emirates – 27 February 2017: Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, and Emirates Insurance Association have hosted today the first HR forum for the Insurance sector in the Middle East.
The ......read more
UAE, February 27, 2017 –As part of its efforts to meet the current and emerging needs of the regional and global food and beverage (F&B) sectors, the Dubai Airport Freezone Authority (DAFZA) has announced its participation at Gulfood Exhibition 2017. Taking place from February 26 to March 2, 2017 at the Dubai World Trade Centre, the trade exhibition will provide DAFZA with a global ......read more
UAE, February 27, 2017 - The Department of Economic Development - Ajman (DED-Ajman) has successfully implemented an intensive inspection campaigns aimed towards combating the proliferation of unauthorized roaming vendors across Ajman, particularly in key areas like Alhilliu, Mowiahat, Rowdha and Tella. The efforts are part of a continuing control campaign supervised by the Directorate of Control ......read more
“To Develop a Study for Ajman International Convention & Exhibition Centre Project”
Dubai - United Arab Emirates, 27th of February 2017: The Ajman Chamber of Commerce & Industry and INDEX Conferences & Exhibitions, a member of INDEX Holding, have signed a Memorandum of Understanding (MoU) to develop a preliminary study for Ajman International Convention & ......read more
The Indian Business & Professional Council (IBPC), Dubai has honoured Mr Kamal Vachani, Group Director, Al Maya Group, Regional Director, Electronics and Computer Software Export Promotion Council (ESC), President, Dubai Chapter, Global Organization of People of Indian Origin (GOPIO) with “Business Excellence Award 2016”.
The award was given by H.E. Mr Abdulla A. Al Saleh, ......read more
Dubai, UAE, February 26, 2017: Zanzibar, Tanzania: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that People’s Bank of Zanzibar (PBZ), a state-owned and one of the oldest commercial banks in Tanzania has selected the multi-awards winning systems ICS BANKS and ICS BANKS ISLAMIC Systems.
Under the ......read more
Dubai, UAE, February 26, 2017: Middle East and Northern African (MENA) sovereign borrowing will slow down in 2017, after increasing sharply in 2016. This is according to a report titled "Sovereign Debt 2017: MENA Borrowing Is Expected To Decline By 20% To $136 Billion," and published today on RatingsDirect.
"We project that the 13 MENA sovereigns we rate will borrow an ......read more
UAE, February 25, 2017- Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has recently signed an agreement with SriLankan Airlines, the national carrier of Sri Lanka. According to the terms of the agreement, SriLankan Airlines customers will now be able to make payments through more than 170 UAE-wide Al Ansari Exchange branches. The service will be available ......read more
The winning team ‘Asmani’ - an Arabic audio content platform – will have full access to Sheraa’s incubator and a suite of other benefits to bring their entrepreneurial dreams to reality
Sharjah, United Arab Emirates, February 25, 2017: Committed towards harnessing the entrepreneurial energy of youth to pioneer new businesses, Sheraa hosted 2017’s ......read more
Dubai Holding Commercial Operations Group records net profit AED 6.32 billion and revenues grow to AED 16.84 billion
Mohammed bin Rashid: We thank Mohammed Al Gergawi for his excellence in the different responsibilities he was overlooking, his performance in Dubai Holding was exceptional and we appreciate his service to his countries in the different fields
Mohammed bin Rashid: ......read more
Abu Dhabi, UAE, 25th February 2017: Following a decision by H.H. Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces to reform board of Zonescorp on the 30th of January 2017, Zonescorp conducted its first gathering with all the employees which was held in par to the first meeting of the board. The aim of this ......read more
Dubai, UAE; February 23, 2017: Dar Al Sharia, a subsidiary of Dubai Islamic Bank, won the ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’ in a glittering and prestigious ceremony held at Madinat Jumeirah in Dubai. Group CEO of Dubai Islamic Bank, Dr. Adnan Chilwan received the award from His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of ......read more
UAE, February 23, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has been recognized at the 9th Cycle of the Mohammed Bin Rashid Al Maktoum Business Award, a member of Mohammed Bin Rashid Al Maktoum Global Initiatives Foundation (MBRGIF), held at Madinat Jumeirah Arena in Dubai. The company was conferred with the Mohammed Bin Rashid Al Maktoum ......read more
His Highness Sheikh Ahmed bin Saeed Al Maktoum Chairs fifth Council Meeting
Council Plays Key Role in Supporting Free Zones
Dubai-UAE: 22 February, 2017: In his capacity as Chairman of Dubai Free Zone (DFZ) Council, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of the Emirates Group, presided over the fifth council ......read more
Abu Dhabi, 22 February 2017: Abu Dhabi Commercial Bank (ADCB) was yesterday honoured with the Mohammed Bin Rashid Al Maktoum Business Innovation Award and the Outstanding Award for Business Innovation. The significant awards were conferred to ADCB in recognition of its contribution in the field of Business innovation which has resulted in a superior customer experience. The award ......read more
February 22, 2017: With the global expansion of online technologies, the concept of Digital Transformation within the Supply Chain sector has become very essential. The current methods of communication and operations management between the industry’s partners and business owners are now being managed via digital platforms. The sector’s professionals are reinventing the wheel with ......read more
Potential for significant growth of SMB community as women currently run only one-third of SMBs in MENA
Across the UAE 74% of people are already connected to at least one business in a foreign country; in Egypt and in Saudi Arabia the figure is at 63%
February 22, 2017, Dubai UAE: The role of women in the economy is widely recognized as a key driver of progress. ......read more
Ali Kassab connects the region with simplified payment solutions
Dubai, February 22, 2017
UAE businessman, Ali Kassab, is leading the region’s digital revolution and changing the way companies manage payment solutions. The entrepreneur has recently ventured into private equity funding with the launch of AKA Partners. His firm will be investing in fin-tech businesses across the Middle ......read more
Dubai, 22 February 2017: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received the Human Resources Development Award during its recent participation at the 19th edition of the National Career Exhibition at the Sharjah Expo Centre.
Held under the patronage of His Highness Dr. Sheikh Sultan bin Mohammed Al Qassimi, Member of the Supreme Council and Ruler of Sharjah ......read more
Dubai, United Arab Emirates, 22 February 2017: A shift in emphasis from hierarchies to networks within organizations has caused fundamental differences in the way leaders work. This new dynamic requires a dramatically different office landscape, according to new research by Steelcase.
The findings from the multinational study on the changing workstyles of leaders are particularly ......read more
Dubai, UAE, February 21, 2017: The Chartered Institute for Securities & Investment (CISI), the largest and most widely respected professional body for those who work in the securities and investment industry globally, recently recognised top performers across a range of qualifications, helping to raise the standard of professionalism in the UAE’s financial services ......read more
The Islamic Corporation for the Development of the Private Sector (ICD) and International Association of Islamic Business (IAIB) sign a MoU to cooperate in the development of private sector
The two institutions are determined to collaborate on introducing Islamic banking products in Russia by attracting banks operating in accordance with Islamic principles and lobbying for changes in Russian ......read more
National Bonds’ Employee Savings Program Registers High Uptake
Dubai-UAE: February 21, 2017: National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, today announced that Dubai Police has topped a list of 100 entities in the UAE for signing up the highest number of employees to National Bonds’ Employee Savings ......read more
Please attribute to Hassan Safi, Partner at Metis Management Consultancy
Dubai, UAE, February 21, 2017: In the early stages of development, firms need cash to sustain and/or build their business. The type of financing your company needs depends on the requirements you have. There are two primary forms of financing, Debt Financing and Equity Financing -
Debt financing simply ......read more
Dubai-UAE: 20 February, 2017: Noor Takaful, the Shari’a compliant insurance arm of Noor Investment Group, announced today that it has signed the ‘Dubai Declaration of Financial Institutions in the United Arab Emirates on Sustainable Finance’, which was initially launched at the United Nations Environmental Programme Finance Initiative (UNEP FI) Global Roundtable hosted by ......read more
Save & Win campaign announces grand prize winner
Dubai – UAE, 20th February 2017: Mashreq, one of the UAE’s leading financial institutions, recently announced the Grand Prize winner of the ‘Liability Balance Builder Campaign’. During the Campaign Period (September to December 2016), each month 10 customers won 22kt gold coins and one customer won a luxury ......read more