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Featured in Banking and Investments
HASAAD to Increase Participation of UAE Nationals in Workforce

  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

Noor Bank Marks Participation at Bonds, Loans & Sukuk Middle East 2017

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

Philips Dubai Lamp hits the shelves this Ramadan

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

Doha Bank Won the “Best Bank Governance – Qatar 2017”

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

National Bonds Corporation Announces 2016 Savings Index for the UAE

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

du partners with DarkMatter to enhance cyber security for enterprises across the UAE

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

Xpress Money sees a 14% growth in mobile remittances from UAE to Kenya in the last 2 years

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

Barwa Bank honored as “Leading Bank in Islamic Services and Products in Qatar” by the World Union for Arab Bankers

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

Expedia announces agreement to acquire majority of SilverRail

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

Ria Money Transfer Officially Launches Operations in GCC Countries and Announces Key Partnerships

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

Salary Disbursals Through Mobile Exchange; First-Of-Its-Kind in the Market

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

UAE Dirham celebrates 44 years

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

in5 Powers Startup Businesses and Entrepreneurs in the Region

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

National Bonds Bags Best Mortgage Product in Gulf Real Estate Awards 2017 with Ready Residential Units Offered with an 8-year Payment Plan

  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

Regulatory Realignment Will Encourage Fiscal Discipline and Diversification in GCC

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

Fragrances for Ramadan from Marks & Spencer

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 Price: AED175 Opulence OUD Coffret This gift features eau de parfum 100ml and eau de parfum 25ml. A fragrance to captivate the senses. Price: AED225 Rosie Nuit Parfum 75ml Rosie for Autograph Nuit Parfum, exclusive fragrance from British model and actress Rosie ......read more

DIB Continues Its Dominance in Islamic Finance securing Five Top Industry Awards

•    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

Barclays ‘Compass': Prospects for the World Economy Are Brightening

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

GAC Group unveils new Management appointments

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

Doha Bank Wins “Best Regional Commercial Bank” at Banker Awards 2017

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

Filorga launches Time-Zero, a multi-correction wrinkles serum

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

Global Banking & Finance Review Awards ICS Financial Systems Ltd for “Best Islamic Banking Technology Provider MEA 2017”

  May 2017 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

Salem Ahmad Almoosa Enterprises honors young Quran memorizers at 2017 Dar Al Ber Quran Memorization Project

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

Young Emiratis Celebrating Career Growth at UAE Exchange

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

Mashreq Celebrates 50th Year as the most progressive bank that enables possibilities through innovation

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

Other Top Stories from Banking and Investments
 
Collaboration between GCC banks and FinTech companies likely to rise as demand for digital ...…

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

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

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

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

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

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

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

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

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

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

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

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

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

Amlak Awarded Prestigious CSR Label for Second Consecutive Year…

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

ICS Financial Systems Named a Leader in World Finance 100…

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

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

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

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

Abu Dhabi, UAE, February 16, 2017:  BAE Systems’ participation at IDEX 2017 is built around a range of technologically enhanced defence solutions across land, sea, air and cyber. These technologies provide capabilities to provide sophisticated and resilient protection for people, national security, critical infrastructure and borders.  BAE Systems’ Regional Managing ......read more

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

Ras Al Khaimah – UAE, 16 February 2017:  Ras Al Khaimah Chamber of Commerce and Industry hosted a high-level Belgian delegation led by Pieter De Crem, Belgian Secretary of State for Foreign Trade, to explore investment opportunities, enhance economic relations between both sides and bolster means of cooperation. The meeting was part of the Belgian delegation’s visit to ......read more

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

2017 partners include Marriott International, MBC, General Electric, Bayt.com and Deloitte Launch follows successful 2016 edition which resulted in over 11,500 applications and the creation of 100 private-sector internships UAE, Dubai - 16th February, 2017:  INJAZ Al-Arab, the regional office of Junior Achievement Worldwide, today launched the second edition of its highly successful ......read more

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

According to Universum’s Most Attractive Employer Rankings 2016 EY considered the most attractive employer among the Big 4 in the UAE, Saudi Arabia, Qatar and Kuwait EY ranked second in Egypt and third in Lebanon among the Big 4  Results highlight EY’s commitment to developing the region’s future business leaders Dubai, 15 February 2017:  EY was named ......read more

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

UAE, February 15, 2017 - The Arab Brazilian Chamber of Commerce has announced that Brazil will participate at International Defence Exhibition and Conference (IDEX) 2017, the latest edition of the region’s only event dedicated to unmanned systems and technologies taking place from February 19 to 23, 2017 at the Abu Dhabi National Exhibition Centre. The Brazilian Defense and Security ......read more

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

DUBAI, February 15, 2017:  The Abdulla Al Ghurair Foundation for Education and the World Bank Group announced today a new strategic partnership focused on improving the quality and relevance of education for Arab children and youth.  The partnership will be guided by the Education for Competitiveness initiative, or E4C, developed jointly by the World Bank Group and the Islamic ......read more

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

Dubai – 14 February, 2017:  Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation, said: “Many regions around the world are witnessing growth in inter-country trade values, which partially offsets the slowdown in global trade. The growth of inter-regional trade in South America and Africa reflected positively on DP ......read more

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

UAE, February 14, 2017 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional engineering and services leader, reported today, its preliminary un-audited financial results for the fiscal year ended December 31st 2016.  Financial Against the backdrop of the significant liquidity challenges in the regional construction sector, the ......read more

PROVEN SA: Providing Foreign Business Support Services in KSA…

The leading business support service provider for corporate entities in Saudi Arabia  Providing turn key solutions for companies working within or looking to set up in the Kingdom of Saudi Arabia Specialising in range of services from corporate immigration to company representation and employee outsourcing Dubai, 14 February 2017:  Founded in 2009, Proven delivers ......read more

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

UAE, February 13, 2017– Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced its participation in the 19th edition of the National Career Exhibition taking place from February 15 to 17, 2017 at the Sharjah Expo Centre. Through its presence in the specialized show that integrates national manpower into the UAE’s workforce, the company ......read more

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

UNCTAD’s World Investment Report 2016: FDI inflows to developing economies reached a new high of $765 billion in 2015, 9 per cent higher than the previous years: Key development, trade, investment challenges and global trade and political trends will be among the agenda items to be discussed at the Annual Investment Meeting Dubai, UAE, 13 February 2017:  According to ......read more

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

24/7 Instant real-time inter-bank electronic funds transfer system to India 12 February 2017 – Dubai:  Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, has announced the launch of the IMPS Service (Immediate Payment Service) for India through IndusInd Bank. IndusInd Bank facilitates Indians in UAE to transfer funds instantly and ......read more

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

Dubai-UAE: 12 February, 2017:  Dubai Wholesale City, the global integrated wholesale trading hub and member of TECOM Group, hosted an exclusive Innovation in Trade forum at its headquarters in Dubai Studio City. The event convened experts to discuss latest advances and trends in the wholesale trading sector and identify the steps necessary to shape a smart city platform in line with the ......read more

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

Technology, Financial and Geopolitical Risks Dominate MENA Risk Profile Dubai, United Arab Emirates – 12 February 2017:  Marsh & McLennan Companies Inc. (NYSE: MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, is a strategic partner of the newly published 2017 Global Risks Report, an annual publication released by the ......read more

Newly Restructured Najibi Investments to Drive Next Growth Phase…

SANAD Capital gets development approval for phase one of its billion dirham investment in Australia Najibi ME, Dubai announced plans to restructure some of its business interests further under its newly established Najibi Investments LLC. The move comes on the heels of receiving development approval for the company’s landmark investments in Australia’s leisure, entertainment and ......read more

Al Hilal Global Sukuk Fund delivers 3.83% dividend…

Abu Dhabi, 12 February 2017:  Al Hilal Bank announced the dividend payout of its flagship fund, Al Hilal Global Sukuk Fund. The Fund, which was launched in March 2012, distributed a 3.83% dividend to all registered unit holders as of January 24th, 2017. Al Hilal Global Sukuk Fund’s objective is to generate a regular stream income as well as achieve capital growth by investing in a ......read more

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

UAE, February 11, 2017– DuPont, a leading innovation and market-driven science company, is set to participate in the upcoming Middle East Electricity show to be held from February 14 to 16, 2017 at the Dubai World Trade Center. During the world's leading power event featuring power generation, lighting, and renewable and nuclear energy, DuPont will focus on showcasing its new Nomex® ......read more

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

Leading international brands turn to Paperworld Middle East 2017 to boost regional exports Dubai, UAE, February 11, 2017:  International suppliers of stationery and office supplies are turning to the Middle East and Africa (MEA) for future business growth, with the UAE presenting itself as the ideal gateway to access hard-to-reach markets. Growth in the global stationery and office ......read more

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

Dubai, February 09, 2017:  Doha Bank, a prime and progressive bank in Qatar has been recertified the coveted ISO 20000-2011 certification for its continuous compliance to global standard for IT Service Management. Doha Bank was the FIRST organisation in the GCC to have achieved the ISO/IEC 20000 certification in 2007 and still remains the ONLY financial organisation in Qatar to be ......read more

ADNEC Achieves Economic Impact of AED 3 Billion in 2016…

ADNEC venues welcomed 1.5 million visitors across 480 local and international events Her Excellency Noura Al Kaabi: 2016 results validate ADNEC’s support for Abu Dhabi's ambitious economic diversification plan and business tourism growth Humaid Matar Al Dhaheri: ADNEC Group demonstrated high flexibility in responding to prevailing economic challenges  Number of ......read more

Dubai Islamic Bank Issues US$ 1 Billion Senior Sukuk…

The largest senior unsecured Sukuk issuance globally by a financial institution with a strong order book of USD 2.2 billion Dubai, UAE; February 8, 2017:  On Tuesday, 7th February 2017, Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The US$ 1 Billion Sukuk was issued with a 5 year tenor, maturing on 14th ......read more

Al-Arabiya Islamic Bank Selects ICS BANKS® ISLAMIC System from ICS Financial Systems…

Dubai, UAE, February 8, 2017:  Baghdad, Iraq: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that Al-Arabiya Islamic Bank, a newly established Bank located in Iraq, selected the multi-awards winning system ICS BANKS® ISLAMIC System. The signing ceremony took place in Amman Jordan Attending the ceremony ......read more

A.T. Kearney Predicts Record-High M&A Activity Will Reshape the Utilities Industry…

Dubai, UAE, February 07, 2017: Last year was a record year for M&A in the utilities sector globally, with total deal value reaching €329 billion, according to A.T. Kearney’s new report Mergers and Acquisitions in Utilities 2017. And, the report finds, this trend is expected to continue in 2017, as investors take on an active role to remodel the industry.    This ......read more

du and University of Sharjah sign MoU to collaborate on 5G and IoT development as part of U5GIG…

du and University of Sharjah will collaborate on 5G & IoT development and Cloud Computing Dubai, UAE, 7 February 2017:  du and University of Sharjah signed a Memorandum of Understanding (MoU) to further collaborate on 5G and the Internet of Things (IoT) development as part of the UAE 5G Innovation Gate (U5GIG). du is taking the lead to build a UAE 5G and IoT Innovation Lab at techno ......read more

Smartworld signs investor partnership agreement with Dubai Quality Group (DQG)…

Dubai, 07 February, 2017, UAE:  Smartworld, UAE’s leading systems integrator and next generation ICT services provider, has signed an investor partnership agreement with Dubai Quality Group (DQG) which will focus on mutual cooperation toward encouraging quality, business excellence, innovation, technology performance, and leadership in  innovative technologies. The partnership ......read more

GlassQube Coworking signs agreement with NYU Abu Dhabi to advance Abu Dhabi SME and startup ...…

Abu Dhabi, February 7, 2017:  GlassQube Coworking and New York University Abu Dhabi (NYUAD) have signed a Memorandum of Understanding (MoU) aimed at developing the SME (small to medium enterprise) and startup ecosystem in Abu Dhabi.   This MoU follows the 2016 launch of GlassQube Coworking, a unique initiative which offers a range of flexible work spaces to suit the needs of local ......read more

Panasonic Avionics unveiled new hub for customers across the Middle East, Central and Southern Asia ...…

UAE – 7 February 2017– Panasonic Avionics Corporation (Panasonic), the world leader in inflight entertainment and communications (IFEC), unveiled a new state-of-the-art facility at Dubai Airport Freezone serving more than 85 airlines from 52 countries located across the Middle East, Central and Southern Asia, and Africa (MECSAA). Centrally located in Dubai, the 148,000 square foot ......read more

Brazilian - GCC Trade registers remarkable performance in 2016…

UAE, February 6, 2017- The Arab-Brazilian Chamber of Commerce (ABCC) has registered impressive numbers that documents the remarkable performance of Brazilian - GCC trade for the year 2016. Throughout the year, Brazilian imports for GCC countries amounted to USD 2,670,560,242 while Brazilian exports for GCC countries amounted to USD 6,050,563,498. The numbers are reflective of the strong trade ......read more

BinHendi Enterprises proudly accepts the ‘Goal Achiever Award' from Landscape Structures Inc.…

Dubai, UAE, February 6, 2017:  BinHendi Enterprises, one of the region’s most diversified, progressive and successful conglomerates, is delighted to be awarded the Goal Achiever Award for the year 2016 awarded from Landscape Structures Inc. based in the USA. As a proud partner, BinHendi Enterprises manages LSI in the UAE, a leader in inclusive and sensory play which encourages children ......read more

Cognizant to Enable McDonald's to Transform Customer Experience and Service Agility in the Kingdom ...…

February 06, 2017 - Cognizant (NASDAQ: CTSH) announced that it has been selected by Riyadh International Catering Corporation (RICC) as a strategic partner to enable McDonald’s restaurant chain in the Kingdom of Saudi Arabia (KSA) to become a digital enterprise, transforming customer experience and service agility.  RICC owns and operates McDonald’s in the Central, Eastern and ......read more

2nd Arab IPO Summit to Highlight Prospects for Capital Growth and Value…

February 05 2017, Dubai, UAE: The second Arab IPO Summit will be held between 14th–15th March, 2017 in Dubai. This year’s gathering of capital market authorities, financial exchanges, regional companies and banks, will highlight the critical aspects for the implementation of successful IPO (Initial Public Offerings). As regional economies are currently diversifying away from their ......read more

Mashreq launches Card Control enhanced version on Snapp Mobile with new safety features…

Empowering customers to securely manage their mobile banking transactions – ‘Block By Country’ & ‘Block By Merchant Category’ Dubai – UAE, 5th February 2017:  Mashreq, the market leader in innovation, has recently added two new advanced safety features to its Card Control service, integrated to its award-winning mobile banking app – ......read more

Lanka Orix Leasing Company, Sri Lanka makes a strategic investment in Pak Oman Microfinance bank…

Dubai, 5th February, 2017: Lanka ORIX Leasing Company PLC (“LOLC”), Sri Lanka’s second largest non-banking financial institution by asset size, acquired a 50.1% equity stake in Pak Oman Microfinance Bank Limited (“POMB”) by way of a Primary Issuance of shares by POMB. POMB is a Pakistan based micro finance bank promoted by the Government of Oman (67% shareholding) ......read more

EastNets: Migrating Clients to Dow Jones Watch Lists Begins…

February 05, 2017: Late last year, EastNets, innovator in financial compliance solutions and services, concluded a significant strategic partnership with Dow Jones, the global leader in data intelligence. The partnership, a significant upgrade to EastNets’ filtering solution, gives a global client base access to one of the most extensive global databases of financial crime watch ......read more

Siemens and Bentley Systems Agree to Jointly Offer Planning and Design Solutions for Utilities…

San Diego, U.S.A. – DistribuTECH 2017 – Building on the strategic alliance between Siemens and Bentley Systems that was made public in November 2016, Siemens’ Energy Management Division and Bentley Systems have announced an agreement to jointly develop solutions to accelerate digitalization of planning, design, and operations for power utilities and industrial power customers. ......read more

Hamdan Bin Rashid Al Maktoum Award for Distinguished Academic Performance joined Dubai Quality ...…

Dubai, UAE, February 2, 2017:  Hamdan bin Rashid Al Maktoum Award for Distinguished Academic Performance signed an investor partnership agreement with Dubai Quality Group (DQG) to activate fruitful cooperation between both parties to foster quality, business excellence, innovation, education performance, and leadership in the education sector  The signing ceremony was attended by ......read more

Manchester United Ambassadors makes stopover at Swissquote Bank's Dubai office…

February 02, 2017: Football legend Dwight Yorke and Peter Schmeichel, one of the greatest goalkeepers of professional British club Manchester United visited the Swissquote Bank head office in Downtown Dubai today (February 2, 2017). Swissquote Bank, the Swiss online bank and FX marketplace, has been a global partner of Manchester United since 2015 and is the club’s first Official Global ......read more

The UAE's investments in space technologies currently exceeded AED 20 billion…

Annual Investment Meeting (AIM) 2017 to tap into space technologies  Dubai, United Arab Emirates, 2 February 2017:  Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, the 7th edition of the ‘Annual Investment Meeting’ will be held on April 2-4, 2017 at the Dubai World Trade Centre under the theme of ......read more

DuPont throws the spotlight on latest innovations utilized in protective gear of modern firefighters…

Dubai, February 2, 2017--DuPont revealed the latest innovations utilized for its newest range of protective gear for firefighters during its recent participation at the Intersec Fire Safety Conference, an interactive conference addressing prevention, detection, rescue and emergency planning for all fire related accidents. In line with this, DuPont threw the spotlight on some of its latest ......read more

EFS Facilities Services jumpstarts 2017 with AED 450 Million contract wins in UAE and Qatar…

EFS’ ongoing contracts portfolio reaches all time high of AED 3.5 Billion across MENA, South Asia and Turkey Dubai, UAE, February 2, 2017:  EFS Facilities Services, a regional leader in delivering integrated facilities management services across the Middle East, Africa, South Asia and Turkey, today announced major contract wins worth AED 450 Million in UAE and Qatar.  The ......read more

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