Dubai PR Network, Online Press Release from Dubai and Middle East
Featured in Banking and Investments
Future Cities Show to focus on six core elements of sustainability

The show will highlight and provide details on waste management, water management, green building, sustainable cities and communities, economic growth and clean energy. Dubai, UAE March 23, 2017:  The UAE has become a pioneer in environmental and sustainable work, under the wise vision of its leadership that foresees the future and believes in the ability to achieve the impossible. In lieu of the same, the inaugural edition of ‘Future Cities Show’ in Dubai, UAE, which runs from April 2nd - 4th at Dubai World Trade Centre, will shed light on six core elements of sustainability. Held under the theme ‘Sustainability, Innovation and Happiness’, Future Cities Show is a global platform for companies and organisations engaged in developing an advanced infrastructure all over the world. It will attract big ......read more

ENBD REIT Admits Shares to Trading on Nasdaq Dubai

Dubai, United Arab Emirates, 23 March 2017:  ENBD REIT (CEIC) Limited (“ENBD REIT”), a Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited (the “Fund Manager”), has announced that its ordinary shares have been admitted to the Official List of Securities of the DFSA and to trading on Nasdaq Dubai (“Admission”) under the ticker symbol ENBDREIT.  ENBD REIT offered 94,594,595 ordinary shares (the “Offer”) to institutional investors at a price of US$ 1.11 per ordinary share. Gross proceeds of the Offer amounted to approximately US$ 105 million, before the deduction of commissions and other fees payable by or on behalf of ENBD REIT in connection with the Offer. The Fund Manager intends to use the proceeds of the Offer to fund ......read more

Russia maintains foreign investor interest

Foreign direct investment in Russia surged to $8.3 billion during 2016, more than the $5.9 billion as reported for 2015, according to central bank data Explore big investment opportunities in the Russian capital city of Moscow at the Annual Investment Meeting (AIM) 2017 Dubai, March 23, 2017:  Foreign direct investment in Russia surged to $8.3 billion during 2016, more than the $5.9 billion as reported for 2015, according to central bank data. The country is becoming a safe haven for investors amid economic and political uncertainty in Europe. It’s relatively low sovereign debt to GDP ratio and large gold and foreign currency reserves, have enabled the country to retain the interest of foreign investors. In addition, the Russian authorities are doing everything possible to create the most comfortable conditions for foreign ......read more

Sony Middle East & Africa to grow volume of business by 20% in 2017

Veteran consumer electronics professional Taro Kimura outlines growth strategy across television, camera and headphones segments  Dubai, UAE, 23 March 2017:  Sony Middle East and Africa (MEA) has unveiled a new business strategy that aims to increase its regional presence and grow business by 20 per cent in 2017. Driving Sony MEA’s strategy, new managing director Taro Kimura will achieve this vision through new product launches and a refreshed business development strategy that will place the company and its business partners in a strong position to gain market share in the company’s focus categories, which are television, digital imaging and audio products. Sony MEA is looking to grow television sales by 26 per cent, audio product sales by 11 per cent and achieve a 52 per cent sales growth in its ......read more

UBF CEOs Advisory Council meets to chart the future course for the UAE banking industry

New platform for cyber intelligence sharing is among the steps proposed to make the banking system more robust Dubai, UAE, March 22, 2017:  The CEOs Advisory Council of the UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE, met in Dubai today (March 22, 2017) to discuss latest developments in the banking sector in UAE. The meeting was chaired by H.E. Abdul Aziz Al Ghurair, Chairman of UBF.  Sharing his views on the state of the banking industry, H.E. Al Ghurair said, “The banking sector continue to adapt fast to both global and regional economic challenges and new opportunities, and relative slowdown witnessed is good for the long-term health of the banking sector, as it encourages players across the industry to place greater emphasis on innovation to ......read more

People's Leasing & Finance, Sri Lanka secures USD 35 million funding from the Middle East market

Dubai, 21st March, 2017:  People’s Leasing & Finance PLC, a market leader in the leasing and finance industry in Sri Lanka successfully raised a USD 35 million Medium Term Facility from the Middle East market.  The three year US Dollar term loan facility has been funded by way of a Club Deal by the National Bank of Ras Al Khaimah (RAKBANK) for USD 20 million and Union National Bank PJSC for USD 15 million. Alpen Capital (ME) Limited, an investment banking advisory firm, also based in the UAE acted as the sole financial advisor to the transaction. People’s Leasing & Finance PLC will utilise the funds to support general business development and growth.   A signing ceremony was held in Colombo, Sri Lanka on 20th March, 2017 with the management teams of People’s Leasing & Finance PLC, ......read more

ICC-UAE Commission on Banking approves 2017 programme of action

Commission elects new steering committee for two-year term Emirates Islamic CEO Jamal Bin Ghalaita appointed to ICC Banking Commission’s Executive Committee  Dubai, UAE, March 21, 2017:  The International Chamber of Commerce UAE chapter’s (ICC-UAE) Commission on Banking recently held a meeting in Dubai, where its members approved the ICC-UAE’s programme of action for 2017. During the event, plans and objectives for 2017 were presented and discussed, while members elected a new steering committee for a two-year term.  In his opening speech, Mr. Hassan Al Hashemi, Secretary General of ICC-UAE, highlighted the ICC’s mission to promote trade, investment and the market economy, and expressed his view that trade is a driving force behind peace.  Mr. Al Hashemi revealed that the ......read more

Jafza organises American Business Forum

Mr. Bin Sulayem: Jafza provides commercial and logistical support to US companies to ensure growth and prosperity Commercial Attaché: UAE’s strategic location and infrastructure unmatched. US-UAE Business Council: $25.74 billion of trade between US and UAE in 2016. Dubai, United Arab Emirates, 21 March, 2017:  Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa has organised a business forum for US companies operating in the free zone to strengthen cooperation and to explore opportunities in a range of major sectors in the Middle East and African region. Details of the companies’ expansion plans and their needs for Jafza to enhance infrastructure and increase efficiency were also discussed.   The forum was attended by ......read more

Doha Bank honoured with “Company of the Year Award” by Qatar University

Dubai, March 21, 2017:  Doha Bank, one of Qatar’s largest private commercial banks, was honored “company of the year award” by Qatar University on 20th March. On receiving the Award from Dr. Hassan Rashid Al-Derham, President of Qatar University, Dr. R. Seetharaman, Doha Bank CEO said the award was given for Doha Bank’s contribution to sustainable development in Qatar. He said” Doha Bank believes in Qatar National Vision (QNV) 2030 which aims to direct Qatar towards a balance between developmental needs and the protection of its natural environment, whether land, sea or air. The QNV 2030 includes an emphasis on establishing an effective legal framework and the environmental institutions that can serve as the guardians of Qatar’s environmental heritage. The QNV 2030 also emphasizes the importance ......read more

New report places Dubai as the leading destination for regional HQs of Fortune 500

Dubai, UAE, March 21, 2017:  Infomineo, the leading market research company has just released a new report that focuses on multinationals looking at entering or are already present in the Middle East and Africa region. Overall, there was a 17% increase in the number of companies in MEA in 2016 compared to 2015, with Dubai being the leading destination for regional HQs by far. 

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Gateway to Capital, Growth and Value - 2nd Successful Arab IPO Summit Hosted in Dubai

Over 150 participants in attendance from leading regional businesses, stock exchanges, banks and regulatory bodies Industry experts participated in panel discussions and debates including Rashid Al Mansouri, CEO of Qatar Stock Exchange; Nikhil Rathi, CEO of London Stock Exchange; Ahmed Aweidah, CEO of Palestine Exchange; Yarub Awadh Albadi, Head of IPO Unit at Capital Market Authority KSA; Ahmed Saleh Al Marhoon, Director General of Muscat Securities Market and Abdul Aziz Emadi, Listing Director at Qatar Stock Exchange March 20, 2017, Dubai, UAE:  The Arab IPO Summit 2017, organised by UMS conferences, was recently held at the Sheraton Creek Hotel in Dubai. A host of leading global companies and exchanges were in attendance to discuss key issues impacting the region’s IPO market, how companies can grow capital and ......read more

Impact BBDO Crowned Agency of the Year at Dubai Lynx 2017

Impact BBDO Middle East, Africa and Pakistan awarded with prestigious ‘Network of the Year’ and impact BBDO Dubai with ‘Agency of the Year’ award at Dubai Lynx Awards Dubai, March 19, 2017 – This year’s Dubai Lynx Awards were a triumphant evening for Impact BBDO Middle East, Africa and Pakistan, that saw the group taking home a total win of 40 trophies and culminating in the prestigious ‘Network of the Year’ title. In addition, Impact BBDO Dubai took home the coveted title of ‘Agency of the Year’ for the second year in a row.  The Dubai Agency was honoured for a variety of successful campaigns for clients including Loto Libanais, Centrepoint, Visa, PepsiCo, KFC, Mars and Etisalat.  Impact BBDO’s Pakistan, Egypt and Lebanon offices were also recognised ......read more

ADNOC Distribution Awards Grand Prizes of ‘Oasis of Surprises' Promotional Campaign

Abu Dhabi, 19 March, 2017:  ADNOC Distribution hosted an event to honour the winners of its ‘Oasis of Surprises’ promotional campaign, which gave customers of ADNOC Oasis convenience stores a chance to win a total of 295 prizes worth AED1 million. The company conducted the second and final draw of the campaign at the end of February.  Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, and a number of senior ADNOC Distribution officials welcomed the grand prize winners, who received two brand new BMW 318i cars, two LG 65-inch UHD TV sets and one Etihad Holidays luxury package to Seychelles for two people. The lucky winners included three women and two men from different nationalities. While the two brand new BMW 318i cars went to an Emirati man and a Jordanian woman, the Etihad ......read more

SAP Invests USD 200 Million in UAE and Opens New MENA HQ

Senior Officials Attend Opening Ceremony at MENA Headquarters in Dubai Internet City  Investment to Include New UAE Cloud Data Center  DUBAI, United Arab Emirates – 17 March 2017:  SAP SE today announced a five-year USD 200 million investment in the UAE, underpinning objectives outlined by the UAE Vision 2021 plan to create economic diversity and jobs for youth. Senior officials participated in the official ribbon-cutting VIP ceremony and inaugurated the new SAP MENA headquarters in Dubai Internet City. Ammar Al Malik, Executive Director, Dubai Internet City (DIC), said: "We are delighted to be formally inaugurating the new SAP MENA Headquarters in Dubai Internet City. Throughout the years, DIC has witnessed SAP's phenomenal growth in Dubai and the region, and the inauguration of their MENA ......read more

ICS Financial Systems to Exhibit at the Sub-Saharan Africa Islamic Finance Convention 2017

Dubai, UAE, March 16, 2017:  ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, will be exhibiting at the Sub‐Saharan Africa Islamic Finance Convention & Innovation 2017 in Uganda, which is a new frontier of opportunity of Islamic finance expansion in the region, and will be held at the Sheraton Kampala Hotel, on the 6th of April 2017. The purpose of the Sub-Saharan Africa Islamic Finance Convention is to build on the gathering’s position as a strong platform for the growth of the industry that will not only help to establish Uganda as an exciting investment destination but also enable the development of the broader Sub-Saharan market. The expansion of Islamic finance in the region is providing new growth opportunities and propelling faster ......read more

Doha Bank named ‘Best Trade Finance Bank' in Qatar at Global Finance Awards 2017

Dubai, March 16, 2017:   Doha Bank, one of Qatar’s largest private commercial banks, was named the Best Trade Finance Bank in Qatar at the Global Finance Awards 2017. Awarded by the Global Finance magazine, the annual award is considered one of the most prestigious in the banking and finance world, and recognizes leading trade finance providers in 9 regions and 84 countries around the world. Doha Bank was chosen for the coveted honor based on input from industry analysts, corporate executives and technology experts. In addition, a poll of Global Finance’s readership was conducted in order to increase the accuracy and reliability of the results. “We are honored to receive this prestigious award,” said Dr. R. Seetharaman, CEO of Doha Bank. “It is a matter of pride for us that Doha Bank was ......read more

Experts Recommend Financial Institutions to Anticipate Potential Challenges of Digital Economy at EIBFS Conference

Emirates Institute for Banking & Financial Studies hosts FinTech 2017, bringing together specialists from global academic and financial establishments Dubai-UAE: 16 March, 2017:  The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, lately examined the role of technology in banking and financial services, latest fintech applications, and highlighted emerging global trends as well as the inherent opportunities and risks in the field. The institute hosted the FinTech 2017 conference that welcomed more than 25 industry specialists from prominent local and global academic and financial establishments including Citibank, Beehive, North Wales Business School, and Khalifa University. Comprising six lectures, the one-day conference touched upon a variety ......read more

Barakah One Company Announces Board Members at First General Assembly

H.E. Khaled Abdulla Al Qubaisi appointed Chairman of the Board Abu Dhabi, UAE, 16 March 2017:  The Barakah One Company (BOC), a subsidiary of the Emirates Nuclear Energy Corporation (ENEC) and the Korea Electric Power Corporation (KEPCO), held its first General Assembly today and announced the members of its Board of Directors. Led by the Chairman of the Board, H.E. Khaled Abdulla Al Qubaisi, BOC is responsible for the commercial and financial interests of the Barakah project. The Board members of Barakah One Company are:  H.E. Khaled Abdulla Al Qubaisi, Chairman H.E. Mohamed Al Hammadi, Vice Chairman H.E. Khalifa Al Suwaidi, Member H.E. Mohammed Sahoo Al Suwaidi, Member  Mr. Park Jong Hyuck, Member Established as a Joint Venture Company, BOC is a part of ENEC’s new corporate ......read more

Dubai Ranks First Among Islamic Economy Enabling Free Zone Cities Around the World

According to latest report developed by DSOA in collaboration with Thomson Reuters 30 free zones across 18 cities worldwide support Islamic economy activities Free zones contribute US$55 billion to Islamic economy in 2015 Contribution expected to reach US$117 billion by 2021 Dubai, UAE: March 16, 2017:  Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, today announced the findings of the Free Zones Outlook Report, developed in collaboration with Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. The report, launched at a joint press conference held yesterday at Dubai Technology Entrepreneur Centre (DTEC), a wholly owned technology incubation centre by DSOA and the largest of ......read more

Empower achieved LEED Gold Certification for its 3rd plant in Business Bay

Awarded by US Green Building Council Bin Shafar: ‘Empower’s strategy focuses on further efficient use of eco-friendly technologies’ Dubai, UAE, 16 March 2017:  Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, has achieved LEED Gold Certification from the US Green Building Council for its 3rd cooling plant located in Business Bay in Dubai. Receiving this certificate honors Empower’s efforts to preserve the environment as the company is always keen to keep its projects up to the international standards at a time Empower’s work goes in line with the US Green Building Council strategy to promote green buildings globally. Empower’s3rd plant getting this certificate shows the company’s commitment to adopt most ......read more

Mashreq launches the first Green Energy mobile ATM on wheels in the region

Dubai – UAE, 15 March 2017 - Mashreq Bank, the leading financial institution in the UAE, strengthens its position as a pioneer in customer centric innovations, by launching the first ever green energy mobile ATM vehicle in the region.  The new mobile vehicle is the perfect solution to access ATM related services by customers during events and trade shows. The vehicle has a custom fabricated Mercedes Benz Sprinter, and is the first ATM vehicle to comply with the new international security standards.  The key feature of this innovation is the use of solar power and battery solutions that controls the ATM machine and air-conditioning up to 12 hours.  It includes 6 solar panels, producing 900 watts of energy for charging the machine during daylight hours. The vehicle also features digital displays promoting ......read more

Paris Gallery Group announces five-year expansion plan

Group to open 30 stores in 5 years 5000 employees from 260 nationalities will work with Paris Gallery Total projected retail areas to reach 3.2 million square feet by 2021 Dubai, UAE, March 14, 2017:  The Paris Gallery Group of Companies has announced its five-year plan (2017-2021) aimed at strengthening its retail presence in the GCC region in particular and the Middle East region in general. Paris Gallery has also announced a well-researched strategic expansion plan that includes opening 30 new stores for the Group’s various brands and subsidiaries. The expansion plan will take the total number of Paris Gallery stores to 116 stores by 2021. To date, Paris Gallery’s existing stores number 86 branches across the UAE, KSA, Qatar, Bahrain, Oman, Iraq, Azerbaijan and other countries. The Group’s ......read more

Great Place to Work and Fortune Name VMware One of the 2017 Fortune Best Companies to Work For

Dubai, United Arab Emirates, 14 March 2017:  For the third year in a row, VMware, Inc. (NYSE: VMW) is one of the 2017 Fortune 100 Best Companies to Work For, according to global research and consulting firm Great Place to Work and Fortune. The list, which is based on employee ratings of their workplace culture, including the level of trust they feel towards leaders, the pride they take in their jobs and the camaraderie they experience with co-workers. Within the list, VMware was highlighted: No. 9 of companies located in the San Francisco Bay Area No. 9 of information technology companies The field of potential competitors for the list is large. Any company that is at least five years old with more than 1,000 U.S. employees is eligible.  Judges base their selections on two components: an evaluation of each ......read more

72% of UAE Residents Foresee Improvements in Business Conditions, According to a Survey by Bayt.com and YouGov

Bayt.com Survey Reveals the Latest Economic and Financial Conditions in the Middle East Dubai, UAE, 13 March 2017:  The latest results from the Middle East Consumer Confidence Index survey carried out by Bayt.com, the Middle East’s number one job site, and YouGov, research and consulting organisation, indicates that nearly three quarters of UAE respondents expect the business conditions in their country to “improve” within the next year. Furthermore, the bigger proportion of UAE respondents (58%) expect their country’s economy to “improve” within the next six months. National Economic Conditions 61% of respondents the UAE believe that the country’s economy has either “improved” or “remained at the same level” during the past six months. When asked about future ......read more

Great Place to Work® recognizes the UAE's top 24 employers for 2017

Dubai, UAE, March 13, 2017:  Splash has been officially once again recognized as one of the ‘Top Companies to Work for in the UAE’ in 2017 by Great Place to Work®, a global research, training and consultancy firm that identifies the best workplaces in over 50 countries worldwide.  The official list, which was announced during an awards ceremony on 7 March 2017 at the W Dubai Al Habtoor City, Splash was ranked number 3 of the nation’s 24 best employers based on the confidential feedback of employees and an audit of management policies and practices. What sets Splash apart fundamentally are our strategically built Happiness programs such as Work-Life Balance, Hello HR (a platform to voice opinions/ feedback). Meet the CEO, Retail Employees Day, Be Nice, and Top Guns (Employee Development Program). ......read more

Other Top Stories from Banking and Investments
 
Quercus Investment launches Dubai office to meet growing regional interest in renewables…

Quercus is a leading international investment advisor, specialising in renewable energy projects  UAE is the strategic choice as the GCC plans to invest $100 billion in renewable energy in the next 20 years Global installed capacity for renewables set to increase 69% by 2030 Dubai, United Arab Emirates; 13 December 2016:  London-based Quercus Investment Partners Ltd. has ......read more

WAIPA and the Annual Investment Meeting (AIM) 2017 join hands to identify development, support and ...…

Uniting efforts and capacities to drain solid and sustainable foreign investments to the region: Dubai, UAE, 13 December 2016:  The Annual Investment Meeting (AIM), the world’s leading FDI platform, has announced the signature of a partnership with the World Association of Investment Promotion Agencies (WAIPA), which aims at bolstering networking and promotions’ opportunities ......read more

UAE Banks Federation's ‘Trust Index' reveals customer confidence in banking sector is upbeat ...…

Perceptions about UAE banking sector remain healthy and majority of customers believe that banks are positively dealing with a variety of issues facing the sector Dubai, UAE, December 13, 2016:  The UAE Banks Federation (UBF), the professional body representing 49 banks in the UAE, today unveiled results of its Trust Index survey, to track the level of trust amongst customers in the ......read more

‘Best Government-Private Sector Initiative' awarded to Dubai Municipality and Philips Lighting for ...…

Dubai, UAE, December 13, 2016:  Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting, together with government partner Dubai Municipality (DM), have been awarded the accolade of ‘Best Government-Private Sector Initiative’ at the Future Cities Awards.  The result of a unique collaboration between Philips Lighting and Dubai Municipality, Dubai ......read more

Increase in outsourced FM to boost industry growth…

December 12, 2016 – Outsourcing in facilities management (FM) is continuously gaining a wider traction thanks to the growing trend among businesses across sectors to reduce their overheads, while spurring their productivity, protecting their margins, and leveraging niche expertise. According to the projection of Frost & Sullivan, the global outsourced FM industry will be worth USD 1 ......read more

Majid Al Futtaim Leisure and Entertainment Signs Deal to bring American Girl® to the Middle East…

First store of premium brand for girls scheduled to open in 2017       Dubai, UAE, 12 December, 2016:  Majid Al Futtaim, the leading shopping mall developer, retail and leisure pioneer across the Middle East and North Africa today announced that it has secured an exclusive retail agreement with American Girl®,  a division of Mattel, Inc. and a premium brand ......read more

Sharjah Chamber Initiates Strategy to Support Entrepreneurship and Innovation…

Organized two brainstorming sessions involving top management and staff Al Owais:  Our way forward comes in line with the UAE Vision 2021 and Sharjah Strategy Khalid bin Butti: Chamber aims at employing smart solutions to promote investment opportunities in Sharjah Sharjah, 12 December 2016:  Sharjah Chamber of Commerce and Industry organized two brainstorming sessions ......read more

Heads of UAE Banks Federation's 17 committees gather for annual meeting…

Dubai, UAE, December 12, 2016:  Senior executives and industry thought leaders elected to chair key committees functioning under the UAE Banks Federation recently convened for their annual meeting at Viceroy Abu Dhabi to explore the key organization-specific and industry-wide economic prospects, initiatives and achievements of the year. The Chairpersons, who represent 17 multi-disciplinary ......read more

National Bonds Launches ‘Prestige' Wealth Management Program for High Networth Individuals and ...…

HE Sheikha Dr Hind Al Qassimi, Chairwoman of BPW Club, as Guest of Honor Dubai, UAE: 12 December, 2016:  National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, has launched its Prestige wealth management program for the benefit of high net-worth customers that total more than 11,000 of the company’s 817,000 client ......read more

Mashreq introduces to customers UAE's First Chatbot…

‘Mashreq Bot’ is designed to simulate a conversation with customers using Artificial Intelligence on Digital Platforms Dubai, UAE – 10th December 2016:  Mashreq, the UAE’s leading financial institution, has introduced its latest innovation – UAE’s First ‘Mashreq Bot’; an Artificial Intelligence agent – or chat-bot - programed to ......read more

UAE paper and packaging industry is the fastest in terms of growth reaching a market valued at $ ...…

Paper Arabia 2016 kicks off next week with a global participation of the leading paper and paper related product' manufacturers and buyers Dubai, UAE, 8 December 2016:  In the light of the rapid growth of paper and paper related products’ market in  the MENA region, Paper Arabia 2016, the 9th edition of the international exhibition for paper, tissue and converting industry ......read more

Ezdan Sukuk Wins Bond/Sukuk Deal of the Year by Debut Issuer at Bonds, Loans & Sukuk Middle East ...…

Dubai, UAE - 08 December 2016:  Ezdan Holding Group was recognised as the winner of Bond/Sukuk Deal of the Year by Debut Issuer at the annual Bonds, Loans & Sukuk Middle East Awards last night, leading the Sultanate of Oman’s debut Omani riyal-denominated sukuk and Boubyan Bank’s Perpetual Additional Tier 1 sukuk to claim first place. A leading developer, owner and ......read more

The ILO partners with INSEAD's RCT Lab and the Centre for Economic Growth…

The ILO partners with INSEAD’s RCT Lab and the Centre for Economic Growth to host a symposium on implementing effective policies that promote entrepreneurship for inclusive growth and decent jobs In partnership with the ILO, INSEAD through the RCT Lab & the Centre for Economic Growth demonstrates continuous commitment to providing a platform for thought leadership on the critical ......read more

Mai Dubai selects Swisslog to achieve business goals with a 21 million US dollar project…

Swisslog business growth continues 07 December 2016, Dubai, UAE:  Mai Dubai, the Dubai-based bottled drinking water company, has commissioned Swisslog to automate its storage and distribution logistics at its new mega expansion project in Dubai in order to reach its 2020 goals. The order value of the project amounts to 21 million US dollars. As Swisslog builds on its strengths in ......read more

Steady fundamentals drive the growth of the GCC Automobile sector despite short-term pressure says ...…

Dubai, 7th December, 2016:  Alpen Capital, an investment banking advisory firm, announced the publication of its report on the GCC Automobile Industry. The report provides a perspective of the GCC automobile sector by presenting the current state of the industry, market dynamics, and scope for future growth. It covers the recent trends, growth drivers, and challenges in the industry, along ......read more

DAFZA takes innovation strategy further to advance ranking among world's most innovative free zones…

UAE – December 07, 2016 - The Dubai Airport Freezone Authority (DAFZA) marked another major milestone in its bid to become one of the world’s most innovative free zones after forging a partnership with leading strategy management consulting firm ShiftIN Partners. Their strong alliance will help identify innovation champions within DAFZA and bring to life their creative and unique ......read more

ICAEW: investors should have more confidence in regional start-ups…

Raising funds in the Middle East remains challenging despite the great start-up ideas and the myriad opportunities that the region has to offer investors, according to accountancy and finance body ICAEW. This was the consensus during ICAEW’s Corporate Finance Faculty roundtable on venture capital in the Middle East.  Dubai, UAE, December 7, 2016:  ICAEW members and guests ......read more

ABCC and São Paulo Chamber of Commerce to present potential business opportunities in ...…

UAE, December 7, 2016– The Arab Brazilian Chamber of Commerce (ABCC) and the São Paulo Chamber of Commerce, an arm of the São Paulo Trade Board, will be backing an event entitled, ‘Opportunities in the importation of goods and services from Dubai,’ which will be held on December 8, 2016 at the Arab Brazilian Chamber Auditorium in São Paulo, Brazil. During the ......read more

Search in MENA continues to build the ‘Alibaba of the Middle East' through joint venture with ...…

New partnership set to change Middle East’s B2B ecosystem Bridging GCC and India’s economies to connect with the rest of the world Dubai, UAE, December 7, 2016:  Search in MENA, the B2B marketplace which connects regional businesses with international clients, and the first business that Dubai Silicon Oasis – Dubai Government has invested in, has announced that it ......read more

DAFZA explores prospects for investment cooperation with German business community…

UAE – December 06, 2016 - The Dubai Airport FreeZone Authority (DAFZA) has confirmed its intention to explore new opportunities for enhancing economic, commercial and investment ties with Germany investors. This falls under an ambitious marketing plan aimed at introducing the competitive advantages of the Freezone to the global business community and attracting direct foreign investments to ......read more

Cognizant Expands its Footprint in the Kingdom of Saudi Arabia…

December 06, 2016 - Cognizant (NASDAQ: CTSH), a leading global provider of information technology, consulting and business process services, today announced the expansion of its operations in the Kingdom of Saudi Arabia (KSA) with the opening of a new office in Riyadh. Cognizant’s expanded presence in KSA will enhance its existing operations in the Middle East and further enable ......read more

WorldRemit and Xpress Money announce global money transfer partnership…

New money transfer routes to open up across Africa and Asia Dubai, UAE, December 6, 2016:  London & Dubai, December 6th, 2016: Digital money transfer service WorldRemit and global money transfer brand Xpress Money today announce a partnership to open up new remittance routes across Africa and Asia. Through Xpress Money’s extensive agent partner network, WorldRemit ......read more

INWEX Opens Innovation Center in Jafza One…

Dubai, UAE, 06 December 2016:  INWEX is a world class Smart Innovation Center that provides a work space and solutions helping to create ideas and building brands that truly matter to people.  Inwex are gathering companies from Russia and CIS with the potential to expand to the MEASA region to Dubai.. With our expertise Inwex is more than 25 years of professional experience in ......read more

South America – Africa – Middle East – Asia Women Summit (SAMEAWS) 2016 to Take Place in Dubai…

Attended by UAE Ministers, First Ladies, Diplomats and Key Dignitaries from Around the World 4th Edition Summit Titled “Scaling Up the Rise of Women Leaders in Emerging Economies” Event highlights The Amazons Watch Magazine’s Top 100, Most Influential Women in Emerging Economies, The Global Inspirational Leadership Awards and the 3rd Year Anniversary of CEO Clubs Women ......read more

Thomson Reuters Report: Resilient Growth in the Islamic Finance industry…

Islamic finance assets grew 7% hitting US$ 2 trillion at the end of 2015 2015’s drop in oil prices took a toll on the performance of financial institutions institutions provided Islamic finance education in 2015 35 countries practise Islamic finance regulation in 2015 Manama, Bahrain, December 6, 2016:  Thomson Reuters, the world's leading provider of intelligent ......read more

First Edition of BestCities Global Forum Kicks-Off in Dubai…

The inaugural event will serve as a platform for industry wide knowledge exchange and discussions around legacy creation   Dubai, United Arab Emirates: 6 December 2016:  Dubai Business Events in collaboration with the BestCities Global Alliance and the Professional Convention Management Association (PCMA), inaugurated the first ever BestCities Global Forum yesterday. Dubai is proud ......read more

DBWC Concludes Three-Part Master Class Workshop Inspiring Powerful Women in Business…

Leadership development coach Omar Ismail leads final session to inspire attendees to fully unleash their potential and power Dubai, UAE – 6 December, 2016:  The Dubai Business Women Council (DBWC), the official representative organisation for professional business women and entrepreneurs working in Dubai, has concluded a three-part interactive master class journey of self-discovery ......read more

PayPal 3rd Annual Global Cross-Border Research Shows USA, India and China as the top 3 Cross-Border ...…

The Global Cross-Border report shows Middle-East as one of the regions with the highest incidence of cross-border online shoppers   UAE consumers continue to increase their online shopping. In 2016, 68% of adults in UAE shopped online in the past 12 months, increasing from 63% in 2015  UAE is one of the top 3 countries surveyed  followed by Egypt and Nigeria in Europe, ......read more

UAE CEOs forecast next three years will be transformational for their businesses…

76% of UAE CEOs believe that their business will change significantly over the next three years  65% of UAE CEOs think that stronger client focus is a strategic priority in 2017 65% CEOs feel they are taking the right amount of risk Dubai, 5 December 2016:  The vast majority of UAE CEOs are confident about prospects for their organisations over the next three years, the KPMG ......read more

SBWC Unravels the Secret to Becoming a Thriving Female Professional…

Healthy diet and stress management were the focus of the third session in the ‘Health is Key to Success’ series  Sharjah, 05 December 2016:  The Sharjah Business Women Council (SBWC), an affiliate of NAMA Women Advancement Establishment, recently hosted its third session under the ‘Health is Key to Success’ series, which was launched in August this year in ......read more

Global participation banking assets reached US$924 billion in 2015: EY…

FinTech innovations could add 150 million new Islamic banking customers by 2021: EY The GCC region’s share of participation banking increased to 72% Saudi Arabia, the UAE and Malaysia are the three largest participation banking markets, in terms of assets Dubai, 05 December 2016:  According to EY’s ‘Banking in emerging markets’ report, the assets of global ......read more

Imdaad CEO takes top spot in fmME Power 50 list anew…

December 05, 2016 – The CEO of Imdaad, a leading provider of integrated facilities management solutions in the GCC, has once again been named the most influential individual in the Middle East’s facilities management (FM) sector. For the fifth year in a row, Jamal Abdullah Lootah topped the fmME Power 50 list in yet another prestigious recognition bestowed on Imdaad’s top ......read more

Thomson Reuters launch Venture Capital Report on Economic Development in GCC…

Dubai, UAE, December 5, 2016:  Thomson Reuters, the world's leading provider of intelligent information for businesses and professionals, today released the findings of a Venture Capital (VC) Report on Economic Development in Bahrain.  The report was launched at the World Islamic Banking Conference in Bahrain. The study covers recommendations from leading market experts and ......read more

GCC F&B industry experiencing unprecedented growth buoyed by rising population & tourists arrivals, ...…

December 05, 2016 - The GCC’s booming population and growing tourism arrivals will continue to influence the exponential development of the region’s food and beverage (F&B) industry in the coming years, according to a report on ‘Feeding the Growing Appetite of the GCC F&B Market’ recently released by Orient Planet Research, an Orient Planet Group venture. Citing an ......read more

Menacorp takes leading position as most active broker on Nasdaq Dubai's equity futures market…

December 5, 2016: Menacorp, the UAE’s leading financial services firm, has cemented its undisputed position as the most active broker on Nasdaq Dubai’s equity futures market. Consistently delivering industry-leading services, Menacorp recently posted 63.4% market share in terms of trading volume according to market’s official data.  Enabling trading of Single Stock ......read more

Mashreq caps a great year with recognition for digital banking services…

United Arab Emirates, Dubai, 4th December 2016:  Mashreq, one of the leading banks in the UAE, was recognized for its commitment to digital banking excellence recently as it was crowned the ‘UAE’s Best Digital Bank’ at the World Finance Banking Awards 2016. The Bank also received the ‘Best Mobile Banking Application in UAE’ award at the same ceremony. The ......read more

Quote of Jamal Abdullah Lootah CEO of Imdaad On UAE National Day…

“The 2nd of December is a special nationwide event that has a place in the hearts of every UAE national and resident. 45 years ago, our founding fathers started the country's march towards making the UAE as one of the most advanced countries in the world across all industry verticals. Their wise leadership and guidance has placed key importance in the development of human capital and ......read more

UAE Banks Federation explores a unified framework for handling customer complaints for banking ...…

During its 4th CEOs Advisory Council Meeting this year Dubai, UAE, November 30, 2016:  The UAE Banks Federation, the professional body representing 49 banks in the UAE, hosted today (Tuesday, November 29, 2016) its 4th CEOs Advisory Council Meeting in Dubai. The meeting provided an engaging platform to assess UBF’s progress in developing a unified approach to customer complaints, ......read more

Lebanese Business Council in Dubai and Northern Emirates hosts special dinner in celebration of ...…

November 29, 2016 – The Lebanese Business Council in Dubai and Northern Emirates recently held its annual gala dinner in commemoration of Lebanon’s 73rd Independence Day at the Dubai Marine Hotel. The event was attended by businessmen, VIPs and members of the Lebanese community living in the UAE along with a number of senior officials and members of the Council and their families. ......read more

Research report reveals major differences between investor attitudes depending on nationality…

Expats from the UK are the most cautious with their investments  Non-Resident Indians claim to have the greatest understanding of their investments Investors living in Abu Dhabi are more cautious than those in Dubai Dubai, UAE, November 29, 2016:   New research has uncovered large differences between the understanding, attitudes and engagement of investors with different ......read more

Milliken's focus at Arabplast 2017 is ‘Making Polypropylene Clearer, Better, Faster. Together'…

Ghent, Belgium– On Stand 6C155 during the Jan. 8-10 show at the Dubai World Trade Centre in the UAE, Milliken will focus on the advantages of using its technology-leading clarifiers and nucleators to improve PP resins, and demonstrate how its UV absorber can improve key properties in PET packaging. Milliken’s additives embrace the key sustainability- and performance-related ......read more

Al Masraf Bank bolsters customer relations with launch of unique credit card loyalty program…

UAE, November 29, 2016 - The Arab Bank for Investment and Foreign Trade (Al Masraf Bank), one of the UAE’s premier banking institutions, has announced the launch of ‘Al Masraf Points’ - a unique Al Masraf Rewards Program that will enhance engagement and strengthen relationships with its customers. It is also meant to attract new customer looking for free benefits as a reward for ......read more

Fathima Group chairman honoured with Dr. APJ Abdul Kalam Business Excellence Award…

Abu Dhabi – November 28, 2016:  EP Moosa Haji, founder and chairman of the UAE-based business conglomerate Fathima Group of Companies, was presented with Dr. APJ Abdul Kalam Smriti International Business Excellence Award 2016, at a ceremony held recently at the Abu Dhabi Indian Social Centre.  The award is instituted by Thiruvanathapuram-based Kalam Smriti programme in memory ......read more

Imdaad conferred with ‘Mark of Excellence' recognition at The Middle East HR Excellence Awards 2016…

November 28, 2016–  Imdaad, a leading provider of integrated facilities management solutions in the GCC, has bagged the ‘Mark of Excellence’ award under Innovation in Learning and Development category of The Middle East HR Excellence Awards 2016. The latest recognition is yet another milestone in the company’s successful and relentless pursuit of innovative efforts, ......read more

The Annual Investment Meeting (AIM) 2017 officially launches AIM Startup…

Organized by the UAE Ministry of Economy: Dubai, UAE, 28 November 2016:  An initiative of the Ministry of Economy, the inaugural edition of AIM Startup will be launched alongside the 7th Edition of the Annual Investment Meeting (AIM) to be held April 2-4, 2017, at the Dubai World Trade Center. The platform aims to attract entrepreneurs from across the world to present their ......read more

Opec, gold facing moments of truth…

Strong dollar's effect on commodities balanced against spending hopes Precious metals sink lower as dollar, stocks, bond yields spike Weak BRL triggers reduction of speculative longs in sugar, coffee Same old song? Oil traders await the outcome of Opec's next Vienna meeting, but the questions surrounding the much-awaited production deal are hardly binary.  By Ole ......read more

Jafza Announces 15% Growth in Registered Petroleum Industry Companies…

112 new companies in free zone reflects UAE government support for sector. Dubai, United Arab Emirates, November 27, 2016:  Jebel Ali Free Zone (Jafza), part of DP World and the UAE’s flagship trade and logistics hub, has seen a 15% growth in the number of petrochemicals, oil and gas companies registered in the free zone. The announcement was made at a forum held at the National ......read more

Wishes by Kamal Vachani on the occasion of 45th National Day of the UAE…

Dubai, UAE, November 27, 2016:  Mr Kamal Vachani, Group Director, Al Maya Group, Hon. Regional Director of Electronics and Computer Software Export Promotion Council (ESC) and President, Dubai Chapter of Global Organization of People of Indian Origin (GOPIO) -  I would like to extend my heartiest congratulations to President His  Highness Sheikh Khalifa Bin Zayed Al Nahyan, His ......read more

Pioneer of cloud communications in emerging markets, Knowlarity, raises Series C round of $20 ...…

The latest investment led by Dubai based Delta Partners, will be aimed at future expansion in the Middle East, Africa and Asia-Pacific region Dubai, November 27, 2016:  Knowlarity, the leading cloud communications platform in emerging markets across Asia, has announced the successful raise of $20 million in its Series C funding round. The latest investment in Knowlarity was led by the ......read more

Shanghai Hosts World FZO Meeting…

UAE– November 26, 2016 – China Shanghai (Pilot) Free Trade Zone recently hosted the Board Meeting of World FZO in Waigaoqiao Free Zone, one of the biggest free zone in the world. The meeting chaired by Dr. Mohammed Al Zarooni, Chairman of the World FZO, in the presence of Mr. Li Zhaojie, Board Member and Head of China Shanghai (Pilot) Free Trade Zone and other board members ......read more

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