Dubai PR Network, Online Press Release from Dubai and Middle East
Featured in Banking and Investments
FERG celebrates 10 years of commitment

Dubai, November 21, 2018: Foreign Exchange and Remittance Group (FERG), a consortium of businesses engaged in the foreign exchange and remittance industry, celebrated the completion of 10 successful years at its Annual General Meeting, which was held at Steigenberger Hotel, Dubai in the presence of office bearers, members and industry leaders and officials representing Central Bank of UAE,  Dubai Police, Abu Dhabi Police, Dubai Chamber and other strategic partners of FERG. FERG, which was formed in 2001 and officially registered under Dubai Chamber of Commerce and Industry in 2008, brings together UAE’s leading exchange houses and money transfer operators to discuss challenges, opportunities and threats facing the industry. Over the last 10 years, the group has been instrumental in various initiatives for the mutual benefit ......read more

Zoho Deepens Analytics and AI in Customer Experience Platform

Zoho CRM Plus, powered by Zia and Zoho Analytics, delivers seamless flow of insight to help businesses masterfully create positive customer experiences Dubai – November 21, 2018: Zoho today unveiled the next generation of Zoho CRM Plus, its all-in-one customer experience platform that empowers Sales, Marketing, Customer Support, and Operations to work as one. Now, Zoho customers have complete visibility of their customers across departments rather than partial views. Fueled by Zia, Zoho's AI-powered assistant, and the enhanced Zoho Analytics, Zoho's business intelligence and reporting platform, Zoho CRM Plus helps businesses deliver superior customer experiences, by allowing users to deeply understand customer sentiments, delight customers across channels, and adeptly prescribe actions to keep customers content ......read more

Egypt tech startups get vote of confidence from Wamda Capital's investments in Aqarmap & Crowd Analyzer

Dubai, UAE, November 21, 2018:  Wamda Capital’s recent investments in two Egyptian tech startups – Aqarmap and Crowd Analyzer – is a vote of confidence for other entrepreneurs in the country and investors abroad. With Egyptian startups securing bigger and later stage investment rounds in 2018, the venture capitalist firm says the pipeline potential in the MENA region’s most populous country looks promising.  Earlier this year, Wamda Capital became one of three Series A investors in Aqarmap, an online real estate marketplace based in Egypt that helped sell more than 15,000 properties in 2017. Wamda Capital also participated in a $1.1 million funding round for Crowd Analyzer – an Arabic-focused social media monitoring platform founded and developed in Egypt in 2013, with headquarters in ......read more

RAPP's Development Continues as New Crm Director Joanna Witsch Joins the Mena Team

Dubai, UAE, November 20, 2018:  RAPP, A global agency specializing in data fueled creativity and part of the Omnicom network, continues to grow by welcoming Joanna Witsch to the Middle East and Africa team. Joanna will be leading the customer relationship management and loyalty team at the agency and will oversee CRM relations for the MENA region. Having started her career over 10 years ago in loyalty marketing, Joanna originally found her passion for CRM by working within the campaign management department of a leading European business. Later, Joanna moved from Poland to the UK to lead one of the UK’s most successful loyalty programs, at London Heathrow Airport, for a number of years. With progression and advancement at the heart of Joanna’s career, she went on to become a Senior CRM consultant for multinational ......read more

Win Big this Winter with UAE Exchange

Daily cash prizes worth AED 10,000 and six BMW Cars weekly to be won during the 45-day promotion    Dubai, 17 November 2018:   UAE Exchange, a leading financial services brand in the United Arab Emirates, has launched its annual Winter Promotion – Win Big. During the 45-day promotion, customers have a chance to win AED 10,000 every day and a BMW car every week.    The promotion, which kicks-off from 17 November 2018, is valid on money transfers, foreign currency exchange, gocash uploads over USD 500, and purchase of National Bonds over AED 3,000. Customers who pay their credit card bills and utility bills together are also eligible for the promotion.  The winners, picked by electronic draws daily, will be announced on the Facebook page of UAE Exchange.   “In the ......read more

Takaful Emarat (‘the Company') reports financial results for the 9-month period ended September 30, 2018

The Company reports net profit of AED 9.1 million for the 9 months ended September 30, 2018, an increase of AED 7.6 million compared to the same period in 2017 The Company maintains its focus on Digitization and Artificial Intelligence development  Dubai, UAE 14th November 2018,   Takaful Emarat (“the Company”), the DFM-listed, Shariah-compliant life, health and general takaful provider and the largest takaful insurer in the UAE, today announced its financial results for the period ended September 30, 2018.    Key Financial Highlights  Net profit for the 9-month period ended September 30, 2018 is AED 9.1 million, an increase of AED 7.6 million year on year  Net profit for the 3-month period ended September 30, 2018 increased by AED 6.1 million year on year Gross ......read more

Refinitiv Partners with Union of Arab Banks to Create Strategic Networking Platform

Partnership helps develop cooperation among more than 360 financial institutions across MEA markets Dubai, UAE, November 14, 2018:  Refinitiv, formally the Financial & Risk business division of Thomson Reuters, announced a partnership with Union of Arab Banks (UAB) to develop a strategic networking platform for UAB’s members, the financial and compliance community across Middle East and Africa (MEA). The partnership develops cooperation on a strategic dimension that benefits more than 360 financial institutions in MENA. As part of the agreement, UAB will leverage Refinitiv’s network of financial crime industry experts and enhance the quality of UAB’s training workshops and seminars. Refinitiv will gain access to UAB’s vibrant network of financial institutions and will drive industry engagement ......read more

GDPR compliance to help boost UAE businesses with EU companies

IAA Workshop raises awareness of the new GDPR law and potential risks Dubai, 11 November, 2018: The role of internal auditors is more important than ever after the introduction of General Data Protection Regulation (GDPR) by the European Union as they can reduce risks as well as add value to the businesses by protecting the data that will give confidence to business partners. This was highlighted by industry specialists during a workshop on ‘GDPR and the role of Internal Auditors’ organised by UAE Internal Auditors Association (IAA) in association with Gulf Tax Accounting Group and Business Improvement Group and how UAE companies will be affected by the new data protection regulation. Introduced on May 25, 2018, GDPR is a new set of rules to give EU citizens more control over their personal data as well as put people ......read more

The Central Bank's Higher Sharia Authority Discussed the Sharia Governance for the Sharia Control functions Within Islamic Financial Institutions

Dubai, UAE, November 08, 2018:  The Higher Sharia Authority (HSA) for financial and banking activities in the UAE held its sixth meeting chaired by His Eminence Sheikh Dr. Ahmed Bin Abdulaziz Al Haddad, the Chairman Higher Sharia Authority, and attended by Their Eminence the members of the HSA, Sheikh Prof. Dr. Jasim Ali Al Shamsi, Sheikh Esam Muhamad Ishaq,Sheikh Dr. Aznan Hasan, andSheikh Dr. Osaid Muhammad Adeeb Al Kailani. The HSA discussed, a draft on the Sharia governance for the Sharia Control functions that support the HSA. The draft includes the governance for two main departments namely the Internal Sharia Control Department and the Internal Sharia Audit Department, and their respective functions. The draft also discussed the independence of the heads of these departments within the Islamic Financial ......read more

MDC Business Management Services Wins ‘Best Shared Services Initiative in UAE' Award

The award was presented at the “Government Shared Services Conference” hosted by Lt. General H.H Sheikh Saif bin Zayed Al Nahyan Abu Dhabi, UAE, 08 November 2018:   MDC Business Management Services (BMS), wholly-owned by Mubadala Investment Company, was recently awarded ‘Best Shared Services Initiative in the UAE’ at the ‘Government Shared Services Conference’ organized by the Ministry of Interior. The event was hosted by Lt. General H.H Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior. Lt. General H.H Sheikh Saif bin Zayed Al Nahyan presented the award to Nasir Al Nabhani, Chief Executive Officer of MDC BMS in an award ceremony hosted during the Government Shared Services Conference. Held recently at Etihad Towers Abu Dhabi, the ceremony was attended by ......read more

The five questions you should ask yourself before you take out car insurance

November 08, 2018 - Dubai, UAE:   AXA, one of the largest international players in the GCC and the number 1 global insurance brand (as per Interbrand rating 2018) has some helpful advice for people looking to renew or buy car insurance.   Recently, the region's car insurance market has become more price driven. Add to this the fact that demand for car insurance usually spikes at the end of the year, and you may end up rushing out to buy your insurance while missing out on cover that is best suited for your situation.   AXA is keen to create more transparency across the insurance market and is encouraging prospective customers to do a little homework to ensure they buy the most appropriate level of cover before making a decision. The following are the top 5 questions you should ask yourself before you ......read more

WeInvest sets eyes on UAE, opens office in DIFC

The Singapore firm, a finalist at the FinTech Hive initiative, is a robo-advisory platform-as-a-service provider for financial services provider DUBAI - 7 November 2018:   WeInvest, a Singapore-headquartered digital wealth services and robo-advisory firm, announced the opening of its office in the Dubai International Financial Centre (DIFC). Their entry into the UAE is the latest to follow after their expansion in Southeast Asia across markets like Hong Kong, Indonesia, Malaysia, Thailand while being based in Singapore. Their office will be located at DIFC, the leading financial centre in the Middle East, Africa and South Asia (MEASA) region, from where they will serve the Middle East market.  WeInvest is a digital wealth platform-as-a-service provider for banks, wealth and asset managers, insurance companies and ......read more

Joyalukkas Exchange wins Best Strategic Customer Loyalty Program Award 2018.

Dubai, UAE, November 06, 2018:  Joyalukkas Exchanged bagged the prestigious Best Strategic Customer Loyalty Program Award – 2018 in the Middle East’s Customer Happiness Summit and Awards.  On behalf of Joyalukkas Exchange, Mr. Marish Karna, Manager - Business Process, received the award from Mr. Hans Sandee, Netherlands' Consul General in Dubai.  The event took place at H Hotel, Dubai on 18th October 2018. Speaking on the occasion, Mr. Antony Jos-Director, Joyalukkas Exchange said “This award is a recognition for bringing innovative solutions at every step for giving the customers a more convenient experience.  We are delighted to be the title holder among the several nominees for the first-ever customer happiness and summit awards. It was a golden opportunity for us to learn from other ......read more

Unilever MENA calls for collective action as it's revealed that 54% of consumers are keen to purchase more sustainably

6th Edition of Unilever Sustainable Living Plan event focuses on plastic packaging as organization leads the charge for achieving a sustainable future for the Middle East   Dubai, United Arab Emirates, November 6, 2018 –   During an industry forum held today, it was revealed by Unilever that 54% of consumers are keen to purchase products more sustainably, according to its global study*. The forum, which was hosted by global consumer goods organization, Unilever, aims to draw regional focus to the global issue of sustainability in order to build a truly environmentally responsible future for the Middle East.    In its 6th year, the Unilever Sustainable Living Plan’s (USLP) 2018 focus was on plastic waste and sustainable packaging in a bid to drive collective efforts towards meeting the UAE ......read more

Owning Your Dream Car Made Easy

Dubai, UAE, November 04, 2018:   Buying a new car is a significant step for all of us. Whether you dream of a reliable car for the whole family to enjoy, or adding a new premium model to your own collection, it brings a feeling of success and achievement when you get hold of the keys to your desired car.   The perks of owning a car can come at a considerable price, which is why it requires planning and considering your financial situation before deciding on what type of car suits your needs and budget. Here are five steps you can take to convert your dream into reality. Stay Focused It is important that you stay focused while entering your car-purchasing decision with a long-term view in mind. Wants and needs can and will come up – stay focused. Keep reminding yourself that you are saving for the down ......read more

The Central Bank of the UAE

Abu Dhabi - November 03, 2018: The Central Bank of the United Arab Emirates announced that it will introduce into circulation, on Tuesday 30/10/2018, a currency note of AED One Hundred (AED100( denomination, reprinted with new security features, all on the front side of the   note as follows:- 1.         SPARK® Live:- A colour changing security feature printed at the left-hand bottom corner on the front of the currency note.  When the note is tilted, the colour is shifting from green to blue and shows a bar of light moving from top to bottom.  The numeral 100 is integrated in this feature. 2. Galaxy Thread:- The existing colour shifting security thread replaced with an advanced Galaxy three dimensional security thread. When the note is tilted the colour is shifting from ......read more

Oman Insurance Company signs up with Al Etihad Credit Bureau

October 30, 2018 - Dubai, UAE: Oman Insurance Company (OIC), a prominent insurance player in the GCC and one of the UAE’s leading insurers, has signed up with the Al Etihad Credit Bureau (AECB) to review commercial clients’ credit worthiness and better manage credit risk exposure.    The Al Etihad Credit Bureau is a Federal Government entity mandated to build a repository of credit information in the UAE from both, financial and non-financial institutions. The resulting Credit Scores and Credit Reports produced from this data for individuals and companies alike will be used by OIC to provide convenient payment plans for clients with good credit history.    Commenting on this association, Jean-Louis Laurent Josi, Chief Executive Officer at OIC says, “The partnership with Al Etihad Credit Bureau ......read more

Tabreed Raises USD 500 million With New 7 Year Sukuk

Also arranges new bank facilities of AED 1.5bn  30 October, 2018 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based regional district cooling utility company, today announces it has successfully raised US$500 million (AED 1.8 billion) with a fixed rate senior unsecured US dollar denominated RegS sukuk with a 7 year tenor. The issue follows a series of fixed income investor meetings which took place in Europe and Asia, as well as in the United Arab Emirates. The new sukuk, which will be listed on the London Stock Exchange, had strong institutional demand both locally and in Asia and Europe, which enabled the issue to be oversubscribed by 50%. The sukuk was competitively priced, with a profit rate of 5.5%, underpinned by Moody’s Baa3 and Fitch’s BBB ......read more

The Central Bank of the United Arab Emirates Latest News

Abu Dhabi, October 29, 2018:  The Central Bank of the United Arab Emirates announced that it will introduce into circulation, on Tuesday 30/10/2018, a currency note of AED One Hundred (AED100( denomination, reprinted with new security features, all on the front side of the   note as follows:-   1.  SPARK® Live:- A colour changing security feature printed at the left-hand bottom corner on the front of the currency note.  When the note is tilted, the colour is shifting from green to blue and shows a bar of light moving from top to bottom.     The numeral 100 is integrated in this feature.   2. Galaxy Thread:-  The existing colour shifting security thread replaced with an advanced Galaxy three dimensional security thread.    When the note is tilted ......read more

National Bonds launches savings drive to celebrate World Savings Day

28 October 2018, Dubai, UAE: National Bonds will celebrate World Savings Day 2018 with a savings initiative to stimulate savings in the UAE.  World Savings Day was created to increase the public’s awareness of the importance of savings. Celebrated around the world, the day aims to promote the virtues of putting money aside. For more than 90 years, the World Savings and Retail Banking Institute has promoted the advantages of saving through financial literacy initiatives.  Mohammed Qasim Al Ali, CEO of National Bonds, said: “Saving is a key aspect of any successful economy and every individual has a role to play. Aside from contributing to the collective good, saving is imperative for us as individuals. Saving incrementally does not only make financial sense but also helps boost overall wellbeing - money worries ......read more

Arab Bank Group profits grow by 7% to $643 million for nine month 2018

Dubai, UAE, October 28, 2018:  Arab Bank Group reported net income after tax for the nine month period ended 30 September 2018 of $643 million compared to $601 million in the prior period, recording a growth of 7%. The Group’s net income before tax grew by 8% to reach $865 million with net operating income reaching $ 988 million and recording a growth of 9%. Mr. Sabih Masri, Chairman of the Board of Directors stated that the strong operating performance of Arab Bank Group confirms the success of the Group, with its diversified business model regionally and globally, in dealing with the challenging operating environment.  Mr. Nemeh Sabbagh, Chief Executive Officer, stated that the strong underlying performance of Arab Bank Group is reflected in the growth in net operating income during the nine month period which was ......read more

AED 6 billion worth of RAK Chamber members' exports during 9 months

12931 renewed licenses in RAK Chamber within 9 months Dubai, UAE, October 27, 2018:  Eiman Alhayyas, Assistant General Manager, Business Services and Business Development at RAK Chamber, said that the number of new establishments registered with the Chamber during the first nine months of current year was 1,199 and 12,931 licenses were renewed. The total number of certificates of origin issued by the chamber reached 20,364 certificates during the past nine months of 2018. The value of exported goods from the RAK Chamber members amounted to about 6 billion dirhams. KSA topped the countries that have issued certificates of origin, where 4,925 certificates were issued during the past nine months of current year, with a value of goods worth AED 2 billion. Oman comes next with 1,695 certificates with a value of goods worth AED 165 ......read more

Transguard Group to Digitally Transform the UAE's USD $1 Billion Outsourcing Market

Current estimates indicate a 22% growth in outsourcing by 2020 DUBAI, United Arab Emirates – October 24, 2018 Aimed at fostering a digital connection between the UAE’s complicated ecosystem of managers, suppliers, Transguard Group, one of the nation’s largest employers, has announced a partnership with SAP that is aimed at digitally transforming the country’s USD $1 billion job outsourcing market.  A Bayt.com survey found two-thirds (66 percent) of Middle East employers plan to hire in 2018. Increasingly, employers see the UAE as an outsourcing hub, with the country’s outsourcing market set to grow by 22 percent to USD $1.2 billion by 2020, according to the International Data Corporation (IDC). By partnering with SAP Fieldglass, Transguard Group is making it quicker, easier, and more ......read more

CINCO and Global Event Management Group Sign Partnership at the World CEO Forum 2018

United Arab Emirates, Dubai, 24 OCTOBER 2018 – One of the Middle East’s largest events company, GEM, and North American agency CINCO, experts in sponsorship and experiential marketing, announced an official partnership at this year’s World CEO Forum in Dubai. GEM, a well-established and highly successful key player in the United Arab Emirates’ events industry, has turned to CINCO’s technology and innovation unit CincoLab to collaborate in improving how the public interacts with brands and how sponsors engage with consumers, all through the use of cutting-edge technologies.                                                  “The Middle Eastern market has shown great growth and ......read more

Saudi HR leaders to explore macro trends in human development

Ashridge to coach HR Leaders on maximizing company business value and their strategic impact October 23, 2018:   Saudi Arabia’s Vision 2030 challenges HR leaders in Saudi to take progressive steps to bring about organizational changes aimed at ensuring greater business success.  Ashridge Executive Education has launched a five-day transformational programme aimed at providing insights and practical skills for HR leaders within the context of leveraging the human network in an organization to adapt to changing business conditions and achieve sustainable business success.  The programme will be held from 4 to 8 November 2018 in Ashridge campus Dubai. Ashridge can also conduct the programme on location for Saudi companies that prefer to host it at their premises.  According to Rory Hendrikz, Managing ......read more

Other Top Stories from Banking and Investments
 
Mashreq marks National Day with ‘Celebrating #YOUAE' campaign…

Promotions span the retail banking products with multiple offers and prizes.  Dubai, UAE, 27 November 2017:  Mashreq, the oldest privately held bank and leading financial institution in the UAE, has announced the launch of ‘How will #YOUAE celebrate’ campaign to commemorate the country’s 46th National Day. Celebrating #YOUAE will present a wide variety of promotions ......read more

Union Coop Hires 30 Emirati during Q3…

UAE, Dubai, November 27, 2017:  The Human Resources and Emiratisation Department at Union Coop, the largest cooperative in the UAE, revealed that it has hired around 30 Emirati men and women during the third quarter of 2017. This is part of Union Coop’s commitment to support Emiratisation efforts, and is motivated by its belief that human resources is an essential element in ......read more

Xpress Money sees 26% Increase in Remittance Transactions from UAE to Uganda…

United Arab Emirates, 27th November 2017:  Xpress Money, one of the most dependable money transfer brands in the world, reported an average growth of 26% in the number of remittance transactions from UAE to Uganda over the last three years. The company has also seen a 28% increase in the volume of money being sent by expats in the UAE to their home country, Uganda. For years, Xpress Money ......read more

Johnson's Baby Wipes Voted “Baby Wipe Brand of the Year” by Parents in the UAE…

The 2017 best parenting brands in the country decided through more than 114,000 votes from the general public Dubai, UAE, 26 November, 2017:  Johnson’s Baby Wipes were awarded “Baby Wipe Brand of the Year” at the annual Mother, Baby & Child Awards Ceremony. The 2017 edition of the Awards celebrated the 46 best UAE parenting brands in the UAE, as chosen by the ......read more

National Bank of Fujairah Featured Banking Partner for Thomson Reuters Accelerate SME…

Dubai, UAE, 26 November 2017:  Thomson Reuters and National Bank of Fujairah (NBF) announced today that they have partnered to offer tailored funding solutions to SMEs in the UAE through the Thomson Reuters Accelerate SME platform (http://acceleratesme.com). Thomson Reuters Accelerate SME serves as the only digital gateway to the SME ecosystem in the MENA region. As the platinum ......read more

Arab-Brazilian Chamber of Commerce stand to feature major Brazilian companies at The Big 5…

The Arab-Brazilian Chamber of Commerce (ABCC) announced that its stand at the 2017 edition of The Big 5, the Middle East’s leading civil construction industry exhibition, will feature five of its member companies. The Chamber’s stand will span 36 sqm and will feature sanitary ware maker Deca, ceramics manufacturer Angelgress, gates manufacturer PPA, pipes and fittings maker Tigre, and ......read more

Jafza's steel & building materials sector trade reaches AED 13.5bn…

Dubai, November 25 2017:  Jafza, the Dubai flagship logistics hub of global trade enabler DP World, today announced that trade in steel and building materials reached AED 13.5 billion during 2016 with further increases expected as the free zone continues to develop services for companies in the sector. Announcing Jafza’s participation in the Big 5 exhibition being held at the ......read more

Dubai Free Zones Council, Federal Tax Authority Hold Second Informative Workshop on VAT Application…

Dubai, UAE, 25 November, 2017:  The Dubai Free Zones Council and the Federal Tax Authority held the second edition of an informative workshop on value-added tax that will be implemented in the UAE starting from 2018. The event, which took place at the Dubai Police Officers’ Club, drew the participation of more than 1,000 representatives of companies operating across Dubai’s ......read more

Dubai Land Transactions Soar by AED30 Billion Over Five Years…

Business Bay a key area for more land development says fäm Properties chief after company secured AED700 million plot deal Dubai, UAE, 25 November 2017: The value of annual land sales in Dubai has risen by AED30 billion over the last five years, one of the emirate’s biggest real estate brokerages revealed today, identifying Business Bay as a key area for further growth. Firas Al ......read more

24th World Islamic Banking Conference to highlight how effective leverage of digital technologies ...…

The first day of the conference will see a key panel session comprising leading banking technology experts deliberating on the growing need for Islamic banks to re-engineer in order to address evolving customer needs in the digital era. Dubai, UAE, November 22, 2017:   Middle East Global Advisors, a leading financial intelligence platform facilitating the development of ......read more

Technal Middle East and SideRise Group launch building façade solutions compliant with UAE Fire and ...…

TECHNAL®’s new non-fire rated curtain wall assembly with SIDERISE® perimeter fire protection successfully completes EN-1364-4 fire resistance test required in the UAE. Dubai, UAE; November 22, 2017:  Building fires are a major hazard to civilians and a cause of death globally with around six million people being seriously injured in fire accidents per annum resulting in over ......read more

Step Aside Fintechs. Established Tech Firms Are Now The Banking Sector's Biggest Disruptors, Giving ...…

United Arab Emirates, November 22, 2017 – Until recently, traditional retail banks were betting on nimble fintechs to up-end the industry.  However, established technology firms – Amazon, Apple, Tencent and others – have emerged as the bigger, more immediate threat to retail banking as we know it.   Bain & Company, in its eighth annual retail banking study, ......read more

Al Ansari Exchange & IBMC join forces to offer overseas Indians in UAE the facility to pay National ...…

UAE, November 22, 2017 – Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has signed an agreement with IBMC Financial Professionals Group to provide Indians residing and working in the UAE to settle their monthly contributions to the Indian Government’s National Pension Scheme (NPS) in any of Al Ansari Exchange branches across the UAE. The ......read more

Premium Beverages Maker Hielo Beverages India Forays into Dubai(UAE)…

Dubai (UAE):Hielo Beverages,the maker of premium and luxury beverages marks its entry into Dubai(UAE) market which under the flagship brand name  PEAUR.The initial roll out will see company promoting their PEAUR Natural Mineral Water sourced at Himalyan Ranges in Northern India,Natural Sparkling Mineral Water and PEAUR Natural nectar Based Fruit Juices. Initially the company has tied up with ......read more

Abu Dhabi National Takaful Co. PSC CFO Farah Arakji among top winners of MENA CFO Awards…

UAE, November 20, 2017 - Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, has announced that its CFO, Farah Arakji, placed third across all industries in the ‘Women in Finance’ category under the MENA CFO Awards held as part of the 11th CFO Strategies Forum MENA. Developed in ......read more

Barclays Named ‘Best Private Bank' in Two Categories at the 2017 GCC Wealthbriefing Awards…

The organisation was named ‘Best UAE Private Bank’ in the international category and ‘Best Private Bank’ in the GCC for its bespoke investment management platform Dubai, United Arab Emirates, November 20, 2017:  Barclays has earned two Best Private Bank accolades at the WealthBriefing GCC Awards 2017, emphasizing the bank’s continuous commitment to delivering ......read more

Al Naboodah Group Enterprises leads discussion on supply chain management and sustainability…

Inaugural Supply Chain Conference featured speeches by industry thought leaders on best practices in the supply chain  Dubai, United Arab Emirates - 19 November 2017:   Al Naboodah Group Enterprises (ANGE), one of the UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, took a leadership role on supply chain best practices by hosting ......read more

Steel Alliance Against Counterfeiting: “Risks posed by counterfeiting put the whole sector at stake”…

Abu Dhabi, UAE, November 16, 2017:  The Steel Alliance Against Counterfeiting (SAAC), a non-profit industry initiative of 18 reputable manufacturers of steel tubular products, organized an open conference during ADIPEC gathering notably EPC contractors, distributors, utilities and customs. It was the opportunity to sum up the results of the SAAC members joint efforts and discuss further ......read more

UAE Exchange to Give Away AED 450,000 to Customers Over 45 days…

~Winter Promotion sees one winner each day walk away with AED 10,000~ Dubai, 15 November 2017:  It’s time again to hear the bated breath and pounding hearts of enthusiastic customers at UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, as it launches its Winter Promotion 2017 where every day one lucky customer will walk away with AED ......read more

Non-Muslims to secure inheritance distribution through RAK ICC registered Wills…

RAS AL KHAIMAH, 15 NOVEMBER 2017:  Ras Al Khaimah International Corporate Centre (RAK ICC), has officially launched its Wills and Probate Registry (WPR) programme as part of a one-of-a-kind partnership with Dubai International Financial Center (DIFC), welcoming non-Muslims to register Wills that guarantee asset distribution and guardianship appointment according to their exact wishes. The ......read more

Al Rawdah partners with SAP to implement ERP across all operations…

Technology partnership unlocks cost, productivity and speed benefits to cement Al Rawdah’s credentials as an innovation leader Dubai, UAE – November 16, 2017:  Emirates Modern Poultry Co., also known as Al Rawdah, has partnered with SAP to bring cutting edge technology to its UAE-wide operations. The partnership will see Al Rawdah implement SAP’s Enterprise Resource ......read more

Thales to establish ‘UAE Defence Service Centre' to strengthen support to customers…

Dubai, UAE, November 15, 2017:  Thales has today announced its plans to establish a dedicated United Arab Emirates Defence Service Centre in Abu Dhabi, with the goal of being closer to its customers and to offer a consolidated suite of services. The Defence Service Centre will bring together and develop the existing UAE based Thales expertise. The Centre will also provide training and ......read more

Mashreq Bank first in the UAE with Innovative SelfServ 80 Series…

The new breakthrough ATM solution will help the bank redefine banking experience Dubai, UAE, November 15, 2017:  NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions announced today, that Mashreq Bank, one of the leading financial institutions (FIs) in the UAE, has added the innovative NCR SelfServ 82 ATM, which is part of the NCR SelfServ™ 80 Series family that ......read more

Rockwell Collins part of advancing entrepreneur-led innovation initiative by Airbus in Saudi Arabia…

Partnering on program with Airbus, TAQNIA, Saudi Arabian Airlines and other prominent Saudi companies Winning participants to be announced in 2018 DUBAI, United Arab Emirates (Nov. 15, 2017):  Rockwell Collins has joined an initiative with Airbus, TAQNIA Aeronautics, the Saudi Technology Development and Investment Company, Saudi Arabian Airlines and other Saudi companies to support ......read more

Chinese Giant Hisense Acquires Toshiba Television Business for US$ 113 Million…

Hisense will obtain the TV business including production, research & development, and sales functions Acquisition will further develop and grow Hisense international strategy for TV Business Dubai, UAE: 15 November 2017:  Hisense Electric Co., Ltd, a publicly listed subsidiary of Hisense Group announced the agreement to acquire Toshiba TV Productions for a total of US$ 113 ......read more

Union Insurance Company Reports Nine-Month Results…

Net profit up to AED6.3 million (Dubai, UAE- November 15, 2017):  Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and corporations in the region, has reported a net profit of AED6.3 million for the first nine month ended 30 September 2017 compared to a net loss of AED (12.8) million for the same period last ......read more

Ali Sajwani Recognised as Future Leader at Business Awards Honouring Region's Top Achievers…

Son of DAMAC Chairman and Founder named “Future Star” for entrepreneurial spirit and potential in industry Dubai, United Arab Emirates – 15 November 2017:  Ali Sajwani, son of DAMAC’s Founder and Chairman, Hussain Sajwani, was recognised as one of Middle East’s “Future Stars” at a red carpet awards ceremony, held last night in Dubai that was ......read more

UNATRAC secures USD 275 million facilities and a $125m accordion option…

Oversubscribed facility focuses on growth opportunities & strategic expansion    Dubai, United Arab Emirates, November 14, 2017:   Unatrac Holding Limited (“Unatrac”), the exclusive Caterpillar dealer in Ghana, Iraq, Kenya, Liberia, Nigeria, Russia, Sierra Leone, Tanzania and Uganda, announced today the successful completion of a $275m credit package ......read more

Noor Bank and Global Village Announce Strategic Partnership…

Dubai-UAE: 13 November, 2017:  Noor Bank, a leading Shari’a-compliant bank in the UAE, today announced that it has partnered with Global Village, the region’s first and largest multi-cultural festival park. Mufazzal Kajiji, Head of Retail Banking at Noor Bank, and Bader Anwahi, Chief Operating Officer of Global Village signed an agreement outlining the terms of the ......read more

Abu Dhabi National Takaful Co. PSC maintains strong performance momentum in 2017 with a combined ...…

UAE, November 12, 2017 - Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, reported strong financial results by achieving a combined net profit of AED 52 million (Policyholders and Shareholders before Qard Hasan) and an underwriting profit of AED 41.4 million as at end of Q3 2017. ......read more

UnionPay and Mashreq Bank partner to increase online card acceptance in the UAE…

The new partnership is in line with the rise in online trading observed across the nation Dubai, UAE, 05 November 2017:  With online trading on the rise in the UAE, global payment network UnionPay International and Mashreq Bank have announced a collaboration to ensure UnionPay cards are accepted on all online merchants of Mashreq Bank.  Research conducted by Payfort, an Amazon ......read more

Lombard Odier Demonstrates Growing Commitment to Region With GCC Private Bank of the Year Award…

Dubai, UAE, November 11, 2017:  Lombard Odier, leading global wealth and asset manager, has reinforced its dedication to the Gulf Cooperation Council (GCC) region with the prestigious ‘Overall GCC Private Bank’ award at the 2017 WealthBriefing GCC Region Awards ceremony last night.  With over 50 years of service in the region, Bank Lombard Odier & Co Ltd - ......read more

EFS Facilities Services Wins Integrated Facilities Management Contract With King Abdullah Economic ...…

DUBAI November 09, 2017:   EFS Facilities Services, a regional leader in facilities management services across the Middle East, Africa, South Asia and Turkey, has been awarded a contract to launch an integrated facility management venture at King Abdullah Economic City (KAEC). Under the terms of the agreement, EFS will provide integrated facilities management services across the ......read more

UAE Exchange Unveils Money Transfer Mobile App and Website…

The money transfer mobile app and website add to the portfolio of digital assets. Mobile app has features to track forex rates and fees via graphs for users to calculate the best times to transfer money. Abu Dhabi, 09 November 2017:  UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, announced the launch of its new money transfer ......read more

UAE Ranks Number One amongst Next Emerging HR Hubs in Market Research Study…

Dubai Knowledge Park, Society for Human Resource Management unveil findings of market research study: ‘Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’ Study identifies global HR trends, emerging HR hubs Dubai-UAE: 8 November, 2017:   Dubai Knowledge Park (DKP) and the Society for Human Resource Management (SHRM), the world's ......read more

Ourshopee Launches Online Shopping Website in Qatar…

OurShopee- one of the trustworthy shopping website located in UAE and Oman declares the launching of its online shopping website in the first week of November in Qatar. Ourshopee reassured its customers about the genuine quality of its products by giving them the 100% guarantee that shopping on the site would ensure an authentic shopping experience. “Ourshopee is one of the leading ......read more

Strong UPS Execution Drives Positive 3Q Results…

UPS Revenue Rises 7% on Balanced Shipment Growth and Yield Expansion International Operating Profit Climbs 8.9%; Currency-Neutral Profit* up 20% Daily Export Volume up 19% for 3rd Straight Quarter of Double-Digit Growth U.S. Domestic Revenue up 3.9% on Higher Package Demand and Yields U.S. Operating Profit of $1.2B, Including $50M of Negative Hurricane Impact Supply Chain & ......read more

Al Mal Capital signs strategic partnership with Azimut to launch UCITS MENA Equity Fund…

Dubai, November 7, 2017:  Al Mal Capital PSC (AMC), a subsidiary of Dubai Investments PJSC and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has signed a partnership agreement with Azimut Group to jointly launch a Middle Eastern equity fund.  The Fund will be established by AZ Fund Management S.A., Azimut Luxembourg fund ......read more

Al Naboodah Group Enterprises Kicks Off Sustainability Week…

Abdullah Mohammed Juma Al Naboodah , Chairman for Saeed & Mohammed Al Naboodah Holding pledges his commitment to sustainable practices Dubai, United Arab Emirates - 06 November 2017:  Al Naboodah Group Enterprises (ANGE), one of UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, kickstarted Sustainability Week, a week-long employee ......read more

National Bonds launches nationwide campaign to encourage personal saving…

The UAE-wide campaign aims to encourage an open and honest dialogue about poor spending habits and the barriers to saving. Dubai, United Arab Emirates, 6 November 2017:  National Bonds, a leading UAE investment company, has launched a nationwide campaign to encourage UAE residents to identify personal challenges to saving in a bid to instill a culture of saving across the ......read more

Growing appetite in region for cutting-edge security solutions…

Leading international brands line up range of innovative offerings customized for regional requirements at Intersec 2018 Dubai, UAE, November 2, 2017:  Businesses and commercial enterprises in the Middle East are on the lookout for the latest in security solutions and foolproof monitoring systems, as they endeavour to ensure a safe and secure environment to conduct business.  This ......read more

Mashreq Bank - Official Banking Partner for Dubai Property Show in Mumbai…

Mashreq exclusively offers personalized financing options for investors  Dubai, United Arab Emirates, 1st November 2017:   Mashreq Bank, one of UAE's leading financial institutions, is the official banking partner for this year's Dubai Property Show in Mumbai in its third edition, which will take place from 03 to 05 November 2017 in Bandra Kurla Complex, Mumbai. As ......read more

Lombard Odier Celebrates 30 Years in Asia…

Dubai, UAE, November 2, 2017:  Lombard Odier, global wealth and asset manager for private and institutional clients, is pleased to celebrate 30 years in Asia as it continues to grow its business in the region. Lombard Odier first established its Asian presence in 1987, to fulfil the investment goals of global clients. With offices in Hong Kong, Singapore and Tokyo, today it manages ......read more

Unveiling of Unilever Gulf report on ‘Mobilizing Collective Actions to Achieve Sustainable ...…

5th Year of the ‘Unilever Sustainable Living Plan’ marked by:  Event highlights progress against Collective Action via JAFZA Sustainability Network, Young Entrepreneur Awards and Zero waste to landfill blueprint Dubai, November 1st, 2017:  To mark the 5th year of the Unilever Sustainable Living Plan (USLP), Unilever Gulf hosted an event titled #DrivingCollectiveAction ......read more

Al Ansari Exchange launches ‘Win Your Dream Home' winter promotion 2017…

UAE, October 31, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has launched its latest Winter Promotion under the theme ‘Win Your Dream Home’. Exciting prizes will be given away, including 1 kilogram of gold and cash prizes worth more than AED 75,000. The two-month long promotion will start on November 1 and will conclude on December ......read more

Tabreed's Stock Becomes Shari'a Compliant…

October 31, 2017 - Abu Dhabi, United Arab Emirates:  National Central Cooling Company PJSC (DFM: Tabreed), the leading regional UAE-based district cooling utility company, announced today that its stock has become certified as Shari’a compliant.  The announcement follows the recent meeting of the Islamic Banks’ Unified Committee for Shari’a Screening. As a result, ......read more

Ahli United Bank B.S.C. Net Profit Attributable to the Equity Shareholders Surges by 6.0% to US$ ...…

Dubai, UAE, October 31, 2017:  Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 468.7 million for the nine months ended 30 September 2017, an increase of 6.0% as compared to US$ 442.1 million achieved in YTD Q3/2016. The net profit achieved for the third quarter of 2017 was US$ 157.4 million, higher by 11.7% than 2016 third quarter reported ......read more

UAE Exchange Smart Pay Hosts High-Power Summit to Drive HR Innovation…

~Event attracts 150 plus delegates from strategic industry sectors~ Dubai, 31 October 2017:  Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, held a high-power HR Summit at the Sheraton Dubai Creek Hotel today.  The Smart Pay HR Summit, now in its third edition, witnessed more than 150 participants from a cross-section of industries coming ......read more

Ras Al Khaimah's Saud Bin Saqr Establishment For Youth Enterprises Development (RAK-SME) wins ...…

Ras Al Khaimah, 30 October 2017:  Saud Bin Saqr Establishment For Youth Enterprises Development (RAK-SME) has been named bronze winner of a Company of the Year category at The Stevie Awards’ 14th Annual International Business Awards (IBAs). RAK-SME was competing in the ‘Non-Profit or Government Organizations - Small & Medium Size’ category. The Award was presented to ......read more

Al Naboodah Group Enterprises commits to customer happiness…

‘UAE’s Happiest Workplace’ partners with Dubai Economy to roll out Consumer Happiness Counters across its showrooms Dubai, United Arab Emirates, 29 October, 2017:  Al Naboodah Group Enterprises (ANGE), one of the UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, is pledging its full support to Dubai Economy and its ......read more

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