By HE Mariam bint Mohammed Saeed Hareb Al Mehairi, The Minister of State for Food Security, UAE
Sustainable agriculture is at the heart of the comprehensive food security strategies of many nations today as they seek to eliminate hunger within their respective territories, while at the same time ensuring they protect the environment. This practice focuses on providing a sufficient supply of nutritious food to the citizens without adding further pressures on natural resources in the face of exponentially booming populations.
Observing the best agricultural practices that promote healthy food production with due regard to the environment is timely and critical to the global sustainable development movement. Here we see efforts to promote rationalised use of natural resources to ensure that everybody, including future ......read more
Offering "last one-mile" transport, relief to staff and visitors during the Olympic Games Tokyo 2020
Dubai, UAE, August 28, 2019: Toyota Motor Corporation (Toyota), worldwide partner of the Olympic and Paralympic Games, announced recently that to support the Olympic and Paralympic Games Tokyo 2020, it is developing a special new product, the APM (Accessible People Mover), a mobility vehicle designed expressly for use at the Games.
Through the Games, Toyota aims to provide all people with the freedom to move, or what it calls, "Mobility for All." The APM takes this challenge to the maximum degree, offering a "last one-mile" solution that helps transport as many people as possible to events and venues, including athletes and staff related to the Games, as well as all types of visitors ......read more
The Exchange reaches finals for “Smart Government Administration” category with its SAHMI CRM Digital Transformation Program
Abu Dhabi, 30th July, 2019: Abu Dhabi Securities Exchange (ADX) recently achieved the finals of the 'Smart City Middle East Awards', hosted by International Data Corporation (IDC) at Dubai’s iconic Burj Al Arab hotel. The Exchange reached this stage for the “Smart Government Administration” category with its SAHMI CRM Digital Transformation Program (SAHMI).
H.E. Khalifa Al Mansouri, ADX Acting Chief Executive, said: “Digital technologies represent a profound transformation of our business and operational structure. SAHMI is an instrumental program designed to fully leverage the changes and opportunities brought about by digital technology and which ......read more
Delegation from world-class financial services discussed opportunities with ADX
Abu Dhabi, 8th July 2019: Abu Dhabi Securities Exchange (ADX) recently met with Morgan Stanley’s Chairman & CEO MENA to discuss how to develop business relations between both entities.
ADX carried out a tour to the Morgan Stanley delegation including which included Mr. Sammy Kayello, Chairman & CEO MENA, Mr. Gokhan Unal, Managing Director, Investment Management, and Mr. Waleed Al Rezooqi, Vice President, Investment Management. This was followed by a high-level discussion exploring opportunities between both entities.
H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX said, “This was a valuable introduction for ADX. Developing business relations with such a highly-experienced American multinational investment ......read more
By Ole Hansen, Head of Commodity Strategy at Saxo Bank
May 12, 2019 - Dubai, UAE
It took one Sunday tweet from President Trump to shatter the relative calm across global financial markets. Instead of going into a week widely expected to yield a long-awaited trade deal between the US and China, the president instead tweeted that he was preparing to lift tariffs from 10% to 25% on $200 billion worth of Chinese imports.
The decision was taken in response to an apparent backtracking by China on almost all aspects of the trade deal. Predictably, it spooked the market and risk sentiment was hit across the board, with safe-haven US bonds and the Japanese yen being two of the few markets receiving a boost.
A record short position held in the Cboe VIX future, which tracks equity volatility as represented in the S&P 500 ......read more
Dubai, UAE, 11 May 2019: Customs World, a subsidiary of the Ports, Customs and Free Zone Corporation (PCFC) showcased their revolutionary in-house developed customs (RIISE) project in Uzbekistan. As part of an official UAE delegation to Uzbekistan that aims to enhance investment and development between the two countries, Nadya Abdullah Al Kamali, CEO of Customs World delivered a presentation about RIISE to a number of Uzbekistani officials.
RIISE, the new platform, will be rolled out globally to empower different countries with a cost-effective and sustainable customs system that allows them to effectively and transparently manage core customs activities and conduct trade in the global market. The disruptive system has been developed as a flexible, plug-and-play solution that can be deployed and customized based on the ......read more
Abu Dhabi, United Arab Emirates, 1st April 2019: Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Abu Dhabi Agriculture and Food Safety Authority, Her Excellency Mariam bint Mohammed Saeed Hareb Almheiri, Minister of State responsible for future food security, opened the 6th edition of the Global Forum for Innovations in Agriculture in Abu Dhabi, in the presence of His Excellency Dr. Thani Bin Ahmed Al Zaidi, Minister of Climate Change and Environment .
The Global Forum for Innovations in Agriculture held on the 1st and 2nd of April, at the Abu Dhabi National Exhibition Center (ADNEC), in conjunction with the region’s largest honey production conference and exhibition ApiArab Expo. Over 310 exhibitors are ......read more
Dubai, UAE, March 25, 2019: On Thursday, March 14th, 2019, 40 tons of live honeybees landed at Ras Al Khaimah International Airport on an Egypt Air Cargo flight from Cairo for the first time in 2019. Many customers were waiting to welcome the bees and take them to various farms across the UAE.
Al Najeh Honey entrusted Ras Al Khaimah International Airport (RAK) with this task and the entry of the honeybees to UAE was executed flawlessly by RAK airport offering best handling services thereby ensuring that the honey bee shipment is delivered and handed over to the consignee in the shortest possible time.
Mr Sanjay Khanna, CEO, RAK Airport said that “the entire team at RAK Airport put in immense efforts to join all the dots together. Lot of planning has gone behind this to achieve the final goal of handling and delivering ......read more
Dubai, UAE - 5 March 2019: His Excellency Engineer Saif Al Shara, Assistant Undersecretary for the Sustainable Communities Sector at the Ministry of Climate Change and Environment (MOCCAE), has officially inaugurated AgraME today (5 March), one of the region’s key agribusiness, aquaculture and animal health trade events taking place until 7 March at the Dubai World Trade Centre.
His Excellency Eng Al Shara delivered a keynote address, setting the tone for the event that has put both food security and the United Nations Sustainability
Development Goals at the forefront of the free-to-attend CPD accredited conference stream, which spans across the full three days of the landmark event. The conference agenda for day one focusses on a series of presentations under the theme ‘Investment opportunities in the Arab ......read more
HE Mr Simon Penney, Her Majesty’s Trade Commissioner for the Middle East visits Al Maya
March 04, 2019 - Dubai, UAE
HE Mr Simon Penney, Her Majesty’s Trade Commissioner for the Middle East, Afghanistan & Pakistan has welcomed by Mr Kamal Vachani, Group director at Al Maya. They discussed the ways to enhance business relationship with UK companies and to increase imports from UK. Al Maya Group imports a large number of FMCG goods from UK and are constantly expanding their range of UK products in their supermarkets. The UK products have well accepted in UAE and Middle East and Al Maya has been a pioneer in stocking, displaying and distributing British products.
UAE, March 4, 2019: eToro, a global multi asset investment platform, utilizing data from its platform has found that those who trade in crypto assets are also becoming investors in other assets, including stocks, commodities and forex.
Globally, the data shows that from the new investors who started to use eToro in 2017 and 2018 to trade crypto, 11% of them then went on to diversify their investments into traditional stocks, commodities and forex.
Interestingly Arab crypto investors who used eToro also went on to trade in other assets. According to the findings, 9% of crypto traders from the GCC and Arab region went on to invest in other assets. 30% of the Arab and GCC crypto traders went on to trade commodities. In other words 2.7% of the total of 9% of GCC and Arab Crypto traders invested in trade commodities. A ......read more
04 March, Dubai, UAE: Agriculture industry professionals from around the world are in Dubai for this week’s AgraME, one of the industry’s leading regional trade events, to debate, promote and reshape the future of the regional agriculture, aquaculture and animal health sectors which are all experiencing game-changing growth.
A wide range of regional and international companies, speakers, buyers and industry pioneers will be descending on the event to make the most out of the conferences and workshops, at the three-day exhibition which runs from March 5 until 7 at Dubai World Trade Centre (DWTC).
AgraME will offer visitors free access to four different conference streams – the Agriculture Investment Forum; Controlled Environment Agriculture; Aquaculture and Animal Health. The conference streams for 2019 have ......read more
Dubai, UAE – February 25, 2019: Dubai Trade, the premier trade facilitation entity that offers integrated electronic services from various trade and logistics service providers in Dubai, honoured Kanoo Shipping, a division of The Kanoo Group, with ‘Electronics Services Award to Shipping Agent for General Cargo Service’ at the 11th E-Services Excellence Award.
The 11th cycle of E-Services Excellence Award (ESEA) ceremony was held at the Intercontinental Festival City Hotel, Dubai, on 18th February 2019, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai.
Abdulla Bin Damithan, Chief Commercial Officer, DP World, UAE Region, delivered his keynote speech and Hussain Alblooshi, Acting Chief Operating Officer, Dubai Trade, gave his welcome remarks in ......read more
Representative from the UN Food and Agriculture Organisation to speak at the AgraME Conference in Dubai.
14 February, Dubai, UAE: Under the Patronage of the UAE Ministry of Climate Change and Environment, AgraME, the regions longest running exhibition for Agriculture have collaborated with the UN to enable food security in the region through adoption of the United Nations Sustainable Development Goals (SDGs) in their upcoming Conference.
Taking place on 5 – 7 March at the Dubai World Trade Centre, the event will be hosting a high level, free-to-attend conference which focuses on the SDG’s and covers key advancements and trends within the MEA Industry in Agriculture Investment, Animal Health, Aquaculture and Controlled Environment Agriculture.
The UN SDG’s have been created as a framework for the ......read more
28 January 2019, Abu Dhabi – UAE: SENAAT, one of the largest industrial investment holding companies in the UAE, is all set to showcase a wide range of job opportunities at Tawdheef, the region’s leading recruitment event, taking place at Abu Dhabi National Exhibition Centre.
As an Industrial Partner for seventh consecutive year, the Abu Dhabi-based industrial conglomerate will offer over 172 potential job openings and career-development opportunities, which represent a wide range of disciplines at the group level and at its portfolio companies, including Emirates Steel, Al Foah, Arkan, National Petroleum Construction Company, Al Gharbia Pipe Company and Ducab.
H.E. Eng. Jamal Salem Al Dhaheri, CEO of SENAAT, said: “A well-nurtured human capital is one of our greatest ......read more
Thursday 17th January 2019:
The Board of Directors of the Central Bank of the UAE, held its first meeting for 2019 following its restructuring, on 14th January 2019, at the Central Bank Head Office – Abu Dhabi, under the chairmanship of H.E. Hareb Masood Al Darmaki, the Chairman of the Board. The meeting was attended by H.E. Abdulrahman Saleh Al Saleh, Deputy Chairman of the Board and H.E. Mubarak Rashed Al Mansoori, the Governor, and Board members; Their Excellencies Younis Haji Al Khoori, Khaled Mohammed Salem Balama, Khalid Ahmad Al Tayer and Ali Mohammed Al Madawi Al Remeithi, as well as by Their Excellencies Mohamad Ali Bin Zayed Al Falasi, Deputy Governor, Saif Hadef Al Shamsi, Assistant Governor and a group of senior Central Bank staff.
H.E Chairman of the Board opened the meeting by ......read more
UAE, Dubai, 7 January 2019 – Up to 1 in 5 candidates across the EMEA Life Science’s industry have been found misrepresenting information on their job applications, according to recent findings by HireRight, a leading provider of global candidate pre-employment screening services. The findings have been released as part of HireRight’s 2018 EMEA Employment Screening Benchmark Report, which surveyed over 6,000 HR professionals across the EMEA, APAC and US regions.
Life Sciences, a field ranging from pharmaceuticals and biotechnology to food processing and environmental organisations, has witnessed huge growth in recent years, with the global pharmaceutical industry alone forecast to reach US 1.06 trillion by 2022, according to Deloitte’s 2018 Global Life Sciences Outlook. In line with this ......read more
Dubai, UAE, December 27, 2018: The Ministry of Human Resources and Emiratisation has introduced job descriptions as part of a new occupational classification scheme. The scheme is used for new work permit applications in the mainland. It is now more challenging for employers to select a suitable job title that matches the foreign national’s responsibilities and educational qualifications.
The Ministry of Human Resources and Emiratisation (MOHRE) has introduced job descriptions as part of a new occupational classification scheme which is now used for new work permit applications in the mainland.
New occupational classification scheme
The new occupational classification scheme is comprised of a list of 726 job titles in nine professional categories, including managerial positions, specialists and ......read more
Dubai, UAE, December 18, 2018: National Detergent Company SAOG (NDC), a leading FMCG company in the Sultanate of Oman, appointed industry veteran William Hunt as its new CEO. Prior to joining NDC, William Hunt was the CEO of Soaps and Chemicals Industrial and Trading in Sharjah (UAE) prior to joining NDC.
Hunt comes with exposure in a number of industries including plastics, chemicals, and fast-moving consumer goods industries. He has seen great success in dealing with global retailing giants such as Walmart, Menards, Carrefour, Tesco, and Woolworths.
A well-respected international executive - Hunt has been a key member of several globally renowned companies’ executive and leadership teams for the past 20 years. He has held the position of President of Access Business Group, in the USA; Executive Director of ......read more
Middle East’s leading free zone focused on helping build Dubai’s food and agriculture industries
Dubai, United Arab Emirates, 05 Nov 2018: Jebel Ali Free Zone (Jafza), the GCC’s leading free zone showcased its range of services at this year’s Agriscape 2018, the Middle East’s leading trade show for the agribusiness sector.
Jafza has become the preferred destination for agribusiness-related trade in the Middle East, including leading industry players such as Mars, Nestle, and Mondelez among others.
Foodstuff, animal and agricultural products are one of Jafza’s top five sectors with trade volumes of 3.5 million metric tonnes in 2017, and over 4,900 port customers. Fruits and vegetables, animal feed, grains and by-products and beverages are top traded commodities.
Over 500 ......read more
Effective 11 September 2018, employment across four sub-sectors within the retail sector in Saudi Arabia will be restricted to Saudi nationals only. Foreign nationals will be prohibited from working in forty-three different professions.
September 09, 2018: Thirteen professions across three additional sub-sectors will be subject to restrictions effective from 9 November 2018, and forty-four designations within five other sub-sectors will be affected from 7 January 2019 onwards.
Professions restricted to Saudi nationals are within the below listed sub-sectors:
From 11 September 2018 onwards:
Automobile and motorbike showrooms;
Shops selling ready-to-wear apparel, children and men’s cloths;
Shops selling ......read more
Dubai, UAE, August 14, 2018: HireRight, a leading provider of global candidate due diligence services, has announced findings from its 2018 EMEA Employment Screening Benchmark Report. Finding, retaining and developing talent has been earmarked as a key challenge this year for more than half (52%) of EMEA businesses, according to the latest annual EMEA employment screening benchmark report from HireRight.
In this year’s survey of human resource (HR) and risk professionals in Europe, the Middle East and Africa (EMEA), employee growth emerged as one of the top priorities for EMEA businesses. 71% of companies reported that they are planning to grow their workforce in 2018, compared to 59% in 2017. Further, there has been a shift from attracting talent to retaining it, with 43% of businesses having identified maximising ......read more
Superbrands, the independent authority and arbiter of branding, announced it will host its annual tribute event to honour and recognize 58 of UAE’s strongest brands on June 27, 2018. At the event, Superbrands will also announce the highly awaited ‘Brand of the Year’ award and unveil the 14th edition of the much sought-after Superbrands book, which includes a two-page profile of each of the Superbrands.
In its 14th edition, the Superbrands tribute event is considered the ‘Oscars of Branding’ by the corporate world and speaking about the event, Mr. Mike English, Director, Superbrands Middle East, said, “Marketers have always had to juggle two seemingly contradictory goals: making their brands distinctive and making them central in their category. Being acknowledged a Superbrands helps strengthens a ......read more
April 28, 2018 United Arab Emirates: The UAE, ably deputized by the Ministry of Climate Change and Environment (MOCCAE), participated in the first Jordan International Agricultural Forum and the 35th session of the General Assembly of the Arab Organization for Agricultural Development (AOAD) in the Dead Sea region, Jordan on April 25 and 26.
The UAE’s deputation was presided by His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, and comprised of high-level officials from the Ministry as well as representatives of the private sector.
His Excellency Dr Al Zeyoudi attended the Forum and associated exhibition and held bilateral meetings with several Arab ministers concerned with environment and climate change to discuss further areas of cooperation in agriculture, livestock ......read more
Multiple Full & Part Time Jobs with Flexible Working Hours Available, Helping Mothers to Return to the Workplace
Dubai, UAE, April 16, 2018: Mumzworld, the region’s leading e-commerce platform for all things mother, baby and child, has taken yet another innovative step in helping to empower mothers with the re-introduction of their pioneering and highly successful ‘return to work’ programme for qualified and professional mums who are looking to return to the workplace.
The initiative introduced by the leading award-winning company that was founded by two mums and includes a dynamic team of women at all levels of the organisation, promises flexible working hours, the opportunity to work from home, and specialised training that will provide the toolkit for women to resume and develop their ......read more
3Q19 GAAP EPS from continuing operations of $0.49; Adjusted EPS of $0.96, up 2 percent versus prior year
3Q19 GAAP Income from continuing operations of $372 million; Operating EBITDA of $1.4 billion
Operating EBITDA margins improve 20 basis points versus prior year with pricing gains, disciplined cost control and benefits from portfolio actions more than offsetting softer volumes and ......read more
Latest agreement aligns with company’s plans to further expand its operations in the Sultanate of Oman
27 October 2019 – Three60 Communities, a subsidiary of Eltizam Asset Management Group and leading regional service provider in quality and innovative community management, has been awarded another contract after signing an agreement with Muscat Bay to provide community and ......read more
Winning entries announced in awarding ceremony held in the presence of H.E Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and HRH Prince Andrew, Duke of York
Winners to represent the UAE in coming Pitch @Palace GCC in Bahrain this November
Abu Dhabi, 09 October 2019
The Khalifa Fund for Enterprise Development (KFED) has announced four innovative Emirati entrepreneurs as ......read more
Latest milestone aligns with UAE Government’s Emiratization policy under National Agenda
9 October 2019 – Serco Middle East (Serco ME) has announced that the company surpassed another milestone in August 2019 as part of its Dubai Metro contract with the number of UAE nationals working for the Dubai Metro Team increasing to 210. Emirati’s now occupy 40 different roles across ......read more
Next generation 9PHD UPS unit installed and tested at Ulker Saudi Arabia’s facility
Oct 8, 2019- Al Falak Electronic Equipment & Supplies Co., a leading information technology (IT) and communications solutions provider in the Kingdom of Saudi Arabia (KSA), recently achieved a milestone after successfully completing the installation and testing of Eaton 9PHD 200 kVA heavy-duty ......read more
Women in Leadership Economic Forum (WIL) by Naseba, the largest female economic empowerment platform in the Middle East will take place in Dubai on October 28 and 29 at the soon to be opened Address Sky View Hotel Dubai. Supported by corporate partners such as Siemens, Allergan, FedEx, Philip Morris, PWC, Emaar and General Motors and co-hosted by Emaar Hospitality, this year’s forum will ......read more
2Q19 GAAP EPS from continuing operations of $(1.48); Adjusted EPS of $0.97, up 9 percent versus prior year
2Q19 GAAP Income (loss) from continuing operations of $(1.1B); Operating EBITDA of $1.4B
Operating EBITDA margins improve 170 basis points on disciplined cost control and higher local price
Raises full year pro forma adjusted EPS guidance to $3.75 to $3.85; lowers ......read more
February 17, 2019
CASIO is bringing to the Middle East the new addition to its PRO TREK Smart series of wrist devices for outdoor enthusiasts. Aptly called the WSD-F30, the new model will be available soon in the regional market with more state-of-the-art features compared to its two predecessors, the rugged WSD-F10 and WSD-F20, which were released in 2016 and 2017, respectively. ......read more
Imagine the film of a camera. Pretend that the film represents your brain. Now imagine using the camera to take a picture of a car. When a picture is taken, the film is exposed to new information -- that of the image of a car. In order for the image to be retained, the film must react to the light and adapt to record the image of the car. Similarly, for new knowledge to be retained in memory, ......read more
Dubai, United Arab Emirates, October 3, 2018 – Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced the general availability its new web security service.
The cloud-based service is designed to guard against malicious activity initiated by user action or malware while blocking access to websites deemed unsafe or inappropriate based on each ......read more
August 29th, 2018 – Emerson has recently opened its Middle East and Africa Flow Service Center at its Dubai campus. The facility will operate as a service center for customers in the Middle East and Africa.
“The establishment of the Flow Service Center on Emerson’s Dubai campus reflects our ongoing commitment to the Middle East and Africa region, providing accessible local ......read more
Abu Dhabi, August 04, 2018: Abu Dhabi Smart Solutions and Services Authority (ADSSSA) announced plans to launch five new customer journeys by end of 2018, following the launch of its pioneering initiative TAMM, the Abu Dhabi government services solutions through an integrated journey focused approach and deliver integrated and personalized customer experiences.
The plans were discussed during ......read more
Abu Dhabi, July 23, 2018: Ducati UAE, part of Al Masaood Group, a highly diversified group of businesses, participated in the World Ducati Week on its 10th edition held recently in Misano, Italy where thousands of Ducati bike rider champions and enthusiasts from around the world gathered for a three-day celebration featuring a wide range of exciting activities such as racing, riding courses, and ......read more
Abu Dhabi, 21 July 2018: The UAE-China Economic Forum held in Abu Dhabi in the presence of H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, H.E. Zhong Shan, Minister of Commerce of PRC, H.E. Omar Al Olama, Minister of State for AI, and a number of senior officials and businessmen from both countries. The forum was held on the sidelines of the visit of H.E Xi Jinping, President of ......read more
UAE, 21 July, 2018 - The Arab Brazilian Chamber of Commerce (ABCC) has revealed that USD 518 million worth of fertilizers were exported by the Arab region to Brazil from first six months of this year.
According to the ABCC, the high number of fertilizers exported from the Arab region into Brazil demonstrates the strong ties maintained by countries like the UAE, KSA, Kuwait, Bahrain and Egypt ......read more
UAE, July 9, 2018 – The RIPE Network Coordination Centre (NCC), the Ministry of telecommunications in Lebanon and OGERO, the public operator, successfully held “Lebanon IPv6 Week” in Beirut, inaugurating the deployment of Internet Protocol version 6 (IPv6) in Lebanon and supporting Internet stakeholders with the necessary technical expertise for this deployment. The IPv6 ......read more
Dubai, UAE – May 28, 2018 – Mimecast Limited (NASDAQ: MIME), a leading email and data security company, has appointed Jeff Ogden as general manager for the Middle East. In his new role, Jeff will oversee the company’s UAE operations and growth in the region, and will be responsible for educating organisations about evolving cyberattacks and how to build a cyber resilience ......read more
May 24, 2018 – NetApp (NASDAQ: NTAP) today reported financial results for the fourth quarter and fiscal year 2018, ended April 27, 2018.
“The fourth quarter marked a great finish to a strong year. We successfully pivoted to the growth areas of the market, expanded our opportunity with HCI and new cloud partnerships, and improved operational discipline to deliver sustained and ......read more
UAE, May 23, 2018: Al Masaood Group, the official distributor of Ducati motorcycles in the UAE, has announced its latest Ducati Ramadan campaign, offering a month-long series of activities exclusively for owners and fans of the iconic Italian sport bike brand. Ducati is distributed throughout the UAE by Revolution Accessories LLC.
Al Masaood Group has lined up a series for Ducati fans and ......read more
Abu Dhabi, May 17, 2018/ADNEC/ Abu Dhabi National Exhibitions Company (ADNEC) has revealed the opening of its traditional tent, the ‘Capital Majlis’ to welcome guests for Iftar and Suhoor throughout the Holy Month of Ramadan. Now on its third year, the Ramadan Tent, which can accommodate a total of 700 people, takes up an innovative design that best reflects the significance of the ......read more
May 16, 2018: The Middle East Facility Management Association (MEFMA), a non-profit association that provides a dedicated platform for facilities management (FM) professionals, wider construction industry stakeholders, and owner associations, has revealed that one of its founding members, Enova, has won a Silver Award at the recently concluded Global FM Awards 2018. The company was recognized for ......read more
Q1 2018 Highlights
Revenue stood at AED 693 Million
Gross Profit reported at AED 101 Million
Operating Profit reported at AED 45 Million
Achieved Net Profit of AED 7 Million
Total Projects Backlog stood at AED 5.4 Billion
UAE – 15 May 2018 – Drake & Scull International PJSC (“DSI” or ......read more
Abu Dhabi: Thursday, 10 May 2018: Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the region and one of the most progressive insurers in the UAE, has released its financial results for the first quarter of 2018 ending on 31 March 2018, announcing a combined net profit of AED 26.9 million (for policyholders & shareholders before Qard Hasan provision) achieving a ......read more
GAAP EPS from Continuing Operations of $0.47; Adj. EPS Increases 7% to $1.12
GAAP Net Income from Continuing Operations of $1.1B; Op. EBITDA Up 6% to $4.9B
Net Sales Rise 5% to $21.5B, driven by Segments Within the Materials Science and Specialty Products Divisions
Cost Synergy Savings of >$300MM; Run-Rate Ahead of Plan and Now on Pace to Achieve 75% Run-Rate of $3.3B Commitment by ......read more
April 26, 2018- Redington Gulf, the leading distributor of technology, telecom and lifestyle products, launched the latest edition of Microsoft Surface - the Surface Laptop – for its channel partners during an exclusive event held in Dubai today (Thursday, 26th April, 2018). Along with a demonstration of the Laptop, which is now available for distribution in the UAE, Redington Gulf also ......read more
April 23, 2018: A report from the Middle East Facilities Management Association (MEFMA) confidently forecasts that revenues for the GCC region’s FM industry will continue to grow at 10 per cent annually for the next two years. The bullish outlook complements the region's thriving FM segment with local firms placing key focus towards further growing their core business lines. The ......read more