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    Featured in Banking and Investments
    W7Worldwide Becomes First Homegrown Saudi Agency to Win Three Prestigious MEPRA Awards

    Jeddah - December 06, 2021:   Leading independent communications agency W7Worldwide is the only homegrown Saudi agency to enter and win 3 Middle East Public Relations Association (MEPRA) Awards, competing with the region’s leading agencies. W7Worldwide succeeded in being shortlisted in 13 of the 56 categories, with more than 88 agencies and in-house communications teams participating in the prestigious MEPRA Awards. W7Worldwide swept up the Best Crisis Communications & Issues Management Campaign, Best Professional Services Campaign, and Best Energy & Natural Resources Campaign Awards.  This triple award win proves W7Worldwide’s leading position in Saudi Arabia and the GCC region with its business model of a truly homegrown communications agency that operates to the highest international standards and more

    Burgan Bank Kuwait Announces the Winner of the Al-Thuraya Salary Account Monthly Draw

    Kuwait – December 06, 2021: Burgan Bank, announced today Mr. WAHEED NAYEF ALAJMI as the lucky winner of the draw prize of Al-Thuraya Salary Account monthly draw.  The draw rewards new and existing customers who transfer their salary to Burgan Bank by offering them a chance to win KD 10,000 every month. Each account holder has one chance to enter the draw. The Al-Thuraya account holders have the option to hold money in Kuwaiti Dinar and other major currencies and can access account-related services such as standing orders, loans and credit cards, and benefit from the discounts and offers throughout the year. Customers wishing to open the Al-Thuraya account can do so by simply visiting the nearest Burgan Bank branch and obtain all the necessary details, or simply call the bank’s call center on 1804080. more

    Riyadh Lifestyle Retail Landscape Blooms with 288,000 sqm of New Developments

    Riyadh, 6th December: Riyadh’s food and beverage scene is really thriving with 288,000 sqm of restaurant-led lifestyle retail developments, which include 273 new restaurants, spread across 16 lifestyle retail developments, coming to market, since the National Transformation Plan was announced in 2016, according to new research by global real estate consultant, Knight Frank.  Faisal Durrani, Partner - Head of Middle East Research, Knight Frank, explained: “The government’s vision to transform Riyadh into a new cosmopolitan business hub for the region is bringing into focus the city’s public realm and lifestyle amenities. These key ingredients that define a city’s habitability are slowly starting to fall into place in Riyadh. The Kingdom’s capital is beginning to morph into a foodie’s more

    Burgan Bank Kuwait Announces names of the Daily lucky Winners of Yawmi Account Draw

    Kuwait – December 5, 2021 - Burgan Bank announced today the names of the daily draw winners of its Yawmi account draw, each taking home a cash-prize of KD 5,000.   The lucky winners are:  • ABDULLAH KHADHER ALFARAJ • DANAH ADNAN ALHAMAR • LAILA NIZAR SALAH • ZAHRAH NASSER HAJI BASH • KHALED FAISAL ALSUBAIEI   In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months. The Yawmi Account offers Daily and Quarterly Draws, wherein the Quarterly Draw requires customers to maintain a minimum amount of KD 500 in their account for two months prior to the draw date. Additionally, every KD 10 in the account will entitle customers to one chance more

    Brazil and UAE Close Ties

    Among the big news is the opening of a Brazilian Tourist Office in Dubai Dubai, United Arab Emirates, 05 December 2021:  Brazil has been working to strengthen bilateral relations with the UAE on several fronts. Among the most important sectors are investments and tourism.  The big news is the start of the negotiations to open a Brazilian Tourist Office in Dubai. This will allow monitoring and understanding the market, strengthening relations with the touristic trade and industry and implementing strategies to attract tourists to Brazil. The date of the opening is yet to be defined. In a recent meeting with the UAE ambassador to Brazil, Saleh Alsuwaidi, the president of the Brazilian Tourist Board, Carlos Brito, reinforced that Brazil is ready to be visited by international tourists, mainly due to the advance of more

    Dukhan Bank Announces The Launch of the First Limited Edition, Eco-friendly Prepaid Card in Qatar

    Doha, Qatar – 05, December 2021:   In celebration of Qatar National Day 2021, Dukhan Bank has launched a first limited-edition of eco-friendly prepaid card in Qatar inspired by National Day. Applicants, whether new or existing customers, will also receive 1,800 additional DAwards points under the Bank’s highly popular Rewards program. Issued by one of Qatar’s leading banks, this specially created card will be available only until 31 December 2021. Its benefits relate particularly to travel, where carrying a prepaid card allows to manage the expenses in a better way.  Made from a recyclable material, the new card is Qatar’s first eco-friendly payment card, setting the standard for how businesses can design, use and reuse plastics. This responsible use of resources supports Qatar’s more

    Masraf Al Rayan and Al Khaliji Complete Merger

    • First merger of publicly listed banks in Qatar, creating one of the largest Shari’ah compliant banks in the region with over QAR182 billion in total assets • With a robust capital position, and strong liquidity, the bank is in a prime position to accelerate Qatar’s journey towards Vision 2030 • Operating as Masraf Al Rayan with its head office in Lusail City, Qatar • Customers will continue to be served as normal as products and services are integrated during 2022   Doha, December 04,  2021: Masraf Al Rayan (“Al Rayan”) Q.P.S.C. announces the successful completion of the legal merger (the “Merger”) with Al Khalij Commercial Bank (al khaliji) P.Q.S.C. Effective today, the two banks are considered one legal entity bearing the Masraf Al Rayan name (MARK) more

    SIAL Middle East Set to Showcase Incredible Features and Activities

    - The 11th edition of one of the Middle East’s largest food, beverage, and hospitality events returns in December - Interactives features and activities include: ‘The Hosted Buyer Program’, UAE National Coffee Championships, SIAL Innovation, the 2022 UAE National Latte   Art Grading Battle and the inaugural World Gourmet Show - Abu Dhabi   Abu Dhabi, UAE – 04, December 2021: 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 (ADAFSA), SIAL Middle East 2021 (SIAL ME) will return to the Abu Dhabi National Exhibition Centre (ADNEC) from 7 to 9 December 2021.   Organised by Abu Dhabi National Exhibitions Company (ADNEC), SIAL ME is more

    Burgan Bank Offers its BuBa Account Holders an Exclusive Chance to Watch the Movie “SING 2” for Free at Grand Cinemas!

    Kuwait, 4 Dec, 2021: Burgan Bank, in collaboration with Grand Cinemas, announced today that its BuBa Account holders will have the exclusive offer to watch the new movie “SING 2” for free at the lavish movie theatre of Grand Cinemas located in Al Hamra Luxury Centre.  The movie screening will be held on Thursday December 9th, 2021, where each customer is entitled to 2 free tickets for one of the three shows, at 2:00 pm, 5:00 pm or 8:00 pm. To book the free seats, BuBa Account holders are required to visit Grand Cinemas box office in Al Hamra Luxury Centre and present their BuBa ATM card starting today. more

    @HACK, The Region's Biggest ever Cybersecurity Event, makes Saudi Arabia The Centre of ICT Security

    • 24,872 attendees participate in three-days of @HACK in Riyadh • 200 top-level cybersecurity expert speakers • 600 hours of knowledge sharing and training • SAR 1 million hacking competition reaches its finale   Riyadh, Saudi Arabia, 2nd December 2021: @HACK, the largest ever dedicated cybersecurity event in the Middle East and North Africa, has concluded after three highly successful days of expert discussions, knowledge sharing, education and hacking competitions that have redefined the cybersecurity landscape of the region.   Over 24,872 attendees from 70 countries joined the action-packed event in Riyadh, which was organised by the Saudi Federation of Cybersecurity, Programming, and Drones (SAFCSP), and the largest events company in the world, Informa Tech, in association with the more

    Dukhan Bank Launches Personal Finance Campaign on the Occasion of Qatar National Day

    Doha, Qatar – December 04, 2021:  In celebration of Qatar National Day 2021, Dukhan Bank has launched a new campaign for personal finance. Successful applicants, whether new and existing customers, will enjoy a grace period of up to 18 months and will also receive 18,000 additional DAwards points under the Bank’s highly popular Rewards program.  The minimum amount of finance is QAR 200,000, borrowed over a period of at least 4 years. This campaign will run from 1 to 18 December 2021. Commenting on the launch of the campaign, Dukhan Bank stated: “Always looking to reward our customers, we work constantly to improve and refine our personal finance products, aiming to ensure they are the best in the market. Once again this year, to celebrate Qatar National Day, we are launching a promotional more

    14 French companies visit Expo 2020 Dubai, UAE to export Normandy Region in the Middle East

    United Arab Emirates, December 1st, 2021- On the occasion of the fortnight for Peace at the Expo 2020 Dubai, UAE, Hervé Morin, President of the Normandy Region (northern France), visited the United Arab Emirates from November 23 to 25, 2021, along with a large delegation composed of 14 companies labelled Living Heritage Companies (EPV), which is the highest recognition mark from the French government to distinguish companies industrial and artisanal know-how in France. The aim of this mission was to promote Normandy Region and its companies, its sectors of excellence in the fields of technology, luxury wear, textiles and education such as the Normandy Management School getting ready to open a branch in Dubai by September 2022. The delegation also attended a conference on the theme of “Normandy for Peace” followed by a more

    Kanoo Machinery Showcases Innovative Machines, Equipment at Materials Handling Open Day 2021

    November 30, 2021:  Kanoo Machinery, a leading provider of world-class machinery brands for sales and after-sales in the region, showcased innovative machines and equipment from its trusted partners and principals in the recently concluded Materials Handling Open Day. Held in Kanoo Machinery’s office in Al Quoz last November 23, the annual event featured live display and demonstration of machines, parts availability, and service capabilities offered by its principals and leading solutions providers in the Middle East, Hyster and Combilift. Hyster is a globally known machinery brand that offers a comprehensive range of warehousing equipment, industrial lift trucks, container handlers and reach stackers as well as quality parts to meet your materials handling needs—with a reputation of making durable lifting more

    Sunny Varkey Launches Tmrw, a new Learning Operating System (LearnOS) for Global Education to bring a Quality Education within Reach of Every Child

    • Built to be accessible and affordable for Government funded schools operating in both the developed and developing world settings • Designed by educators for educators – with teachers at the heart of the platform • Spun out from GEMS Education, a company with a 62-year legacy in delivering global education      DUBAI, United Arab Emirates - November 30, 2021:   Tmrw, a new and scalable Learning Operating System (LearnOS) for global education with a mission to help bring a quality education to every child, was launched today.   Its interoperable All-In-One Integrated Platform is built to be accessible and affordable for Government funded schools operating in both the developed and developing world settings. In particular, it seeks to reach all students irrespective more

    Dukhan Bank Announces Financial Results for the Third Quarter of 2021; Achieves Profit Growth of 12% to Reach QAR 900 Million

    Doha-Qatar, November 28, 2021 - Dukhan Bank has released its financial results for the third quarter of 2021, recording a net profit of QAR 900 million, thus implying a 12% robust growth compared to the same period of last year.  The total income for the nine-month period ending September 30, increased to QAR 2,943 million resulting in a growth rate of 5% compared to QAR 2,805 million during the same period in 2020. The total expenses, including finance costs, reduced from QAR 730 million in 2020 to QAR 636 million in 2021 by 13%.  The bank’s robust financial performance in the third quarter has also resulted in its total assets to increase to QAR 103.5 billion, representing a significant growth of 29% compared to the same period in 2020 and of 20% compared to December 2020. Financing assets continued to grow more

    MEEZA Reveals the Launch of its 4th M-VAULT 4 Data Center Building in Concurrence with its 13th Anniversary Celebrations

    Doha, Qatar - 27 November 2021: His Excellency Mohammed bin Ali Al-Mannai, Minister of Communications and Information Technology launched the 4th data center building of MEEZA “M-VAULT 4”, leading Managed IT Services and Solutions provider. The new data centre building hosts Microsoft Cloud data centre region offering cloud services to customers in Qatar, the region, and the world. The new data center building M-VAULT 4 was launched during an official ceremony that was attended by high-level attendees; His Excellency Mohammed bin Ali Al-Mannai, Minister of Communications and Information Technology, Sheikh Hamad bin Abdulla Al-Thani, Chairman of the Board of Directors of MEEZA and Chief Executive Officer of Vodafone Qatar, and Lana Khalaf, the Microsoft Qatar Country Manager. The newly launched M-VAULT 4 data center more

    Hotpack Scoops four Honours at PRIME Awards 2021, MD chosen MEA Personality of the Year

    Awards include best in class packaging printer and recognition for sustainable packaging    Dubai, November 28, 2021:  Hotpack Global, the world’s leading manufacturer of disposable food packaging products, scooped four awards at the Packaging Resource & Innovations Middle East Awards 2021 (PRIME Awards 2021), the prestigious competition for the regional packaging industry in Middle East and Africa (MENA). In a statement, Hotpack Global said, winning the PRIME awards were a milestone for the company’s endeavors in consistently excelling in the packaging business with focus on sustainability. “These prestigious awards are a testimony and a vindication of Hotpack’s business and sustainable community proposition which we have been consistently improving upon by adopting innovative more

    Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw/

    Kuwait – November 28, 2021 - Burgan Bank announced today the names of the daily draw winners of its Yawmi account draw, each taking home a cash-prize of KD 5,000.   The lucky winners are:  • ALI MOHAMMAD ALDAIKAN • NASER AJEEL ALENEZI • SADEQ HAMZAH ALSALMAN • HAMEEDAH ABBAS ALGHADHBAN • MOHAMMAD RASHED HUMOUD       In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months. The Yawmi Account offers Daily and Quarterly Draws, wherein the Quarterly Draw requires customers to maintain a minimum amount of KD 500 in their account for two months prior to the draw date. Additionally, every KD 10 in the account will entitle more

    Al Hamra Real Estate Co.

    Supreme Council for Planning and Development joins hands with the European Union and other Partners for a High-Level Event on the role of business in promoting Women’s Empowerment Principles (WEPs)   Kuwait City, 27 November 2021 - The General Secretariat of the Supreme Council for Planning and Development (GSSCPD), the Delegation of the European Union to the State of Kuwait, UNDP, UN Women, Al Hamra Real Estate Co. and the Women’s Research and Studies Center at the College of Social Sciences at Kuwait University are convening a high-level event entitled: ‘Driving Women’s Empowerment Forward: WEPs and the Role of Business to Accelerate Equality in the Workplace’,  on Monday, 29 November 2021 from 10:00-12:00 at Grand Cinemas, Al Hamra Shopping Center in Kuwait.  The more

    Burgan Bank Offers its Youth Account Holders an Exclusive Chance to Watch the Movie “Ghostbusters” for Free at Grand Cinemas!

    Kuwait, 27 Nov 2021: Burgan Bank, in collaboration with Grand Cinemas, announced today that its Youth Account holders will be offered the exclusivity to watch the new movie “Ghostbusters” for free at the luxurious movie theatre of Grand Cinemas located in Al Hamra Luxury Centre.  The movie screening will be held on Thursday December 2nd, 2021, wherein each customer is entitled to 2 free tickets on one of the three shows, at 2:00 pm, 5:00 pm or 8:00 pm. To book the free seats, Youth Account holders are required to visit Grand Cinemas box office in Al Hamra Luxury Centre and present their Youth ATM card starting today. The bank strives to reward its Youth Account holders with exclusive offers that fit their lifestyle. The Youth Account is dedicated to young individuals, between the ages of 15 to 25, and who seek to more

    Smart Technologies Signs Partnership Accord With Saudi Arabia's TETCO to Drive Kingdom's EdTech Digital Transformation Agenda

    November 27, 2021:  Canada-based education software leader eyes further regional expansion in UAE and beyond as modern telecommunications infrastructure powers EdTech potential SMART Technologies (SMART), a global educational software leader specialising in collaboration touch and interactive technology solutions, has amplified expansion initiatives across the Middle East and North Africa after signing a strategic partnership agreement with Tatweer Educational Technologies (TETCO), the technology arm of the Saudi Arabia Ministry of Education. The landmark multi-year agreement, which represents the Canada-based provider’s first Government-level contract in the MENA region, was signed at the GESS education conference and exhibition in Dubai.   With TETCO providing high-quality education and communication digital and more

    GMIS PRL 7 Titled: Mohammed Bin Rashid Initiative for Global Prosperity Announces Aerofarms as the Global Prosperity Award Winner

    • AeroFarms is a leading indoor vertical farming and controlled environment agriculture company that has committed to offering mentorship support to four social innovation start-ups that won Cohort 2 of the Global Maker Challenge  • The Award is offered to companies who showcase their commitment towards making a positive impact on society by supporting innovators from the Global Maker Challenge • An expert judging panel led by the University of Cambridge selected AeroFarms as the winner of the Global Prosperity Award for its social responsibility, leadership and customised support plans that will enable the innovators to scale their solutions • The innovators benefiting from Aerofarm’s support are Agricycle Global, Algiknit, ID2020, and Ryp Labs • The Global Prosperity Award was announced more

    Zayed Higher Organisation, Bauerfeind ME sign JVC to Train People of Determination in making Prosthetics and Orthotics

    The Joint Venture agreement, showcasing UAE-German cooperation in technology and public-private partnership, has been signed at a ceremony held at the UAE pavilion in Expo 2020. Dubai – November 24, 2021: The Zayed Higher Organisation for People of Determination (ZHO) has signed a Joint Venture Contract (JVC) with German healthcare equipment manufacturer Bauerfeind ME’s affiliate Orthopedic Technic Berlin (OTB) at the UAE pavilion of the Expo 2020.  The JV, showcasing UAE-German cooperation in technology and public-private partnership, will enable Bauerfeind to employ and train people of determination to produce prosthetics and orthotics at the ZHO facility in Abu Dhabi. This initiative is a commitment of the two organizations with a common goal towards providing people of determination with tools to be more

    Hotpack to Implement Xtendsales Mobile Salesforce Automation in Saudi Arabia

    KSA deployment follows successful results from the digital transformation platform in the UAE operations Dubai, November 24, 2021:  Hotpack Global, the world’s leading manufacturer of disposable food packaging products, announced implementing XtendSales Mobile Salesforce automation solution in Saudi Arabia, following successful results in its UAE operations from the deployment of the digital transformation platform. In a statement, Suhail Abdulla, Vise President Hotpack Global said it has signed an agreement with the digital cloud-driven sales and delivery management tech firm, XtendSales, with the aim of bringing seamlessness to day-to-day business process in the Kingdom. “Hotpack has been in the forefront in the packaging industry in innovating its operations from the factory floor to customer relationship more

    DP World Bags Two Awards for its Remarkable Contribution to the Industry at the Maritime Standard Awards 2021

    The accolades signify DP World’s efforts in facilitating uninterrupted trade flow, solidifying the entity’s status regionally and globally Dubai, United Arab Emirates, November 23, 2021: DP World, the leading smart trade enabler bagged The Terminal Operator of the Year and The Technology/Innovations awards at the eighth annual Maritime Standard Awards. Held on November 22, 2021, under the patronage of H.H. Sheikh Ahmed Bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman Emirates Airline and Group, the award ceremony witnessed the attendance of 800 professionals from various segments in the industry.  The entity’s long-standing commitment to innovation, its forward-thinking approach and its advancements in efficiency and productivity won them these accolades. The prestigious awards more

    Dukhan Bank Names 10 Winners to Exclusive Hospitality Packages for FIFA Arab Cup Qatar 2021™

    Doha, Qatar – 23, November 2021:  Dukhan Bank, Qatar's leading banking player, has announced the winners for its exclusive hospitality package giveaways for the FIFA Arab Cup Qatar 2021™ in partnership with Visa. The ten winners namely Ahmed Moahmmed Al-Emadi, Camille Dirani, Hamid Raza Hamid, Ahmad Atiq Alnaimi, Abdulla Hassen Al-Abdulla, Mohammed Adel Abu-Karbal, Antonio Milano, Ahmad Yousif Al-Mal, Abdulla Ahmed Emadi and Essa Abdulla Al-Muhanadi will be entitled to hospitality packages that include FIFA Arab Cup™ opening match tickets (Category 1), stadium pre-match hospitality, Meet and Greet event at the hotel lobby, ground transportation to and from the event, and Visa | FIFA Arab Cup™ branded gifts. Winners can enjoy the package with a plus one guest. The FIFA Arab Cup Qatar more

    QIC Group Successfully Participates in Qatar Travel Mart 2021

    November 23, 2021: Qatar Insurance Group, the leading insurer in Qatar and the MENA region has successfully participated and sponsored Qatar Travel Mart (QTM 2021) – the first exhibition of its kind in Qatar to promote both inbound and outbound tourism, which catered specifically to the travel and tourism industry. In line with QIC Group’s CSR priorities and initiatives for the tourism sector and continuous efforts to support and strengthen the tourism industry in Qatar the sponsorship provided a platform and marketplace for a mutual relationship to both local and international businesses.  As a pioneer in insurance industry, QIC Group showcased the latest innovation, development, technology, coverages and research accumulation in travel insurance in a unique and innovative exhibition area which attracted many more

    ‘50 Years Down, Entrepreneurship will Serve as the Infrastructure of UAE's Post-Oil Economy', Distinguished Panel Observes at SEF 2021

    5th annual Sharjah Entrepreneurship Festival opens with insightful discussions on the nation’s vision for the UAE’s entrepreneurial ecosystem over the next 50 years   • Bodour Al Qasimi: We are paving the way for the next phase of local entrepreneurial growth. • Dr. Ahmed Belhoul Al Falasi: Investments into the UAE have doubled in the past four years. • Fadi Ghandour: The UAE’s ecosystem is bubbling and changing the face of the economy. • Najla Al Midfa: We are not a business incubator; we are a talent incubator. • Magnus Olsson: The region has half-a-trillion-dollar opportunity to tap into.     Sharjah, November 22, 2021   The UAE’s strong focus on innovation and the substantial opportunities open to aspiring founders at every more

    Homegrown Founders Credit Success to Supportive Local Ecosystem at Sharjah Entrepreneurship Festival 2021

    Entrepreneurs praise the ease of doing business the country offers as well as the incubators that nurture their journeys from being dreamers to changemakers Sharjah, November 23, 2021 Leading UAE-based founders praised the nation’s startup ecosystem, and the ease of access and support it provides to dreamers with big ideas of change during a panel session ‘Charting a new course: Entrepreneurs as Changemakers’ on the opening day (Monday) of the 5th edition of Sharjah Entrepreneurship Festival (SEF 2021), organised by the Sharjah Entrepreneurship Center (Sheraa).  The panel’s speakers, Hayat Al Hassan, founder of peer-to-peer car rental app Sweech; Ihsan Al-Hayek, Mena regional manager of banking API Dapi; and Maria Sohb, Cofounder of sustainable solutions company, The Concept, led the conversation more

    Ras Al Khaimah Economic Zone's Mobile App Goes Live

    Ras Al Khaimah, 22 November 2021: Ras Al Khaimah Economic Zone (RAKEZ) has unveiled the RAKEZ Mobile App, another key milestone in the economic zone’s ongoing digitisation journey that aims to boost the ease and accessibility it offers to global investors. Available on both Apple Store and Google Play, the app is packed with wide-ranging features that allow clients to submit and track renewal requests; top-up their e-wallet; browse service catalogue; receive important updates; book an appointment with a RAKEZ representative and many more. It also provides instant online support to individuals who have RAKEZ-related queries and clarifications. “Over the past years, we have been embarking on a series of digital transformation projects and among our most recent successes is the launching of the RAKEZ Mobile App. We more

    Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw-

    Kuwait – November 21, 2021 - Burgan Bank announced today the names of the daily draw winners of its Yawmi account draw, each taking home a cash-prize of KD 5,000.   The lucky winners are:  • MUBARAK ABDULLAH ALENEZI • TARIQ MOHAMMAD ALBARRAK • GHASSAN MOHAMMAD ZEIN • RAMADHAN ABDULFATTAH ABUHAKMAH • WALEED SALEH ALALI     In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months. The Yawmi Account offers Daily and Quarterly Draws, wherein the Quarterly Draw requires customers to maintain a minimum amount of KD 500 in their account for two months prior to the draw date. Additionally, every KD 10 in the account will entitle more

    Shurooq Sweeps 3 Awards at Seventh Annual Identity Design Awards

    House of Wisdom wins in three categories for excellence in design Sharjah, November 21, 2021:  Sharjah Investment and Development Authority (Shurooq), has announced that the iconic House of Wisdom has bagged three awards for excellence in design at the seventh annual identity Design Awards held at the Address Beach Resort in Dubai recently. Developed by Shurooq and designed by international architecture firm Foster + Partners, the House of Wisdom won the coveted 2021 Design Awards launched by identity – the region’s leading monthly magazine dedicated to contemporary design, interiors, architecture and property, in three prominent categories. The futuristic cultural hub was named winner in the ‘Interior Design – Public Space’ category for its open, square plan design that serves as more

    O.Rentals LLC Signs Strategic Partnership with Bauer Maschinen GmbH is part of Al Shirawi Group of Companies Dubai; 21 November 2021: LLC, an Al Shirawi Group company, the one-stop-shop for rental solutions in the construction, material handling, and warehousing industries is shaking hands with BAUER Maschinen GmbH, part of the Germany based foundation engineering  giant the BAUER Group. has recently invested in a Bauer MC 96 duty-cycle crane which will, with immediate effect, be part of their equipment fleet. The handover ceremony between and Bauer took place on the 17th of November 2021 at Al Shirawi Group’s facility in Dubai Investment Park 2, Dubai.  Present for the key handover ceremony were Mr. Thani Al Shirawi, in his capacities as CEO of as well as Vice Chairman & Group Deputy Managing Director of the Al more

    Dukhan Bank Launches AI Powered Virtual Assistant ‘Rashid' Online and on WhatsApp

    Doha - 21, November 2021:  In yet another leap towards improving customer convenience and offering a seamless banking experience, Dukhan Bank, Qatar's leading banking player, has launched an interactive, multi-channel virtual assistant “Rashid” to assist customers with online inquiries in an easy and fast manner. Inspired by its name that means “guide”, Rashid aims to respond to customer questions using improvisation and adaptability through English and Arabic during interaction.  Rashid provides a host of services to customers from locating the closest branch or the nearest ATM and discovering nearby merchant offers through geolocation services to providing information about the Bank’s products and services, connecting with customer service members and checking foreign currency exchange more

    What's the Long-Term Future for Cryptos?

    Why are smaller cryptos like Dash and Cardano getting more attention? Pacing Yourself in the Crypto Marathon The characteristic volatility of cryptocurrencies has made them a popular CFD investment instrument over the years, as investors are able to take advantage ofprice movements in both directions. However, some believe that as crypto grows in popularity, such volatility may begin to wane. As of JST Capital puts it, ‘In the long-term, as crypto becomes more and more normalized as an asset and more people trade in it, that it will tend to be a less volatile asset class.’ Another factor that may attractinvestors is the improvement in the regulation of cryptos, so that there is more transparency in transactions and clarity about what is allowed. Technology is being upgraded too, for example on the Cardanoand Ethereum more

    Emirates First Group Launches the Region's first PRO Awards to Recognize the unsung Heroes

    Date: Dubai, UAE; Saturday, November 20, 2021   Emirates First Group, a Dubai-based business set-up and investment advisory, honoured five Public Relations Officers (PROs) for their outstanding contribution at the Middle East PRO Awards Ceremony held at the Crowne Plaza Hotel in Deira, Dubai.   This is the first recorded such award scheme for the Public Relations Officers (PROs) in this part of the world, launched by Emirates First Group – which provides business set up and documents clearing services for new investors setting up businesses in the UAE.   Mr Najeeb Kandapuram, MLA from Perinthalmanna Constituency in South Indian state of Kerala, attended the event as the Chief Guest.   Public Relations Officers (PROs) are those professionals who handle the official paperwork related to an employees’ more

    Comlux Launches New Hangar Project at Mohammed bin Rashid Aerospace Hub

    UAE - 18 November 2021: In the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman and Chief Executive of Emirates Airlines and Group and Chairman of Dubai Airports; Comlux, one of the leaders in business aviation, transaction and completion services, announced the signing of an agreement with Mohammed Bin Rashid Aerospace Hub, the aerospace platform of Dubai dedicated to the advancement of the aviation industry, to develop a  hangar facility at MBRAH that spreads across 12,000 square metres of land.  The facility is equipped to simultaneously accommodate two ACJ and BBJ family aircraft types, including the future ACJ TwoTwenty. By mid-2023, the hangar will be fully operational, and Comlux will provide its Middle East customers with EASA Part 145- and UAE Part more

    CS Events to help Disrupt the $1.13 Trillion Events Industry by Deploying Technology and BFSI focused Events

    With the rising number of planned exhibitions, conferences and other events, the hospitality sector in the UAE earned revenue of Dh11.3 billion ($3.08 billion) in the six-month period from Dh8.6 billion recorded a year earlier thanks to event management companies like CS Events     Date: Dubai, UAE, November 18, 2021   News Highlights: 1. The events industry size is growing at a Compound Annual Growth Rate (CAGR) of 11.2 percent from $1.13 trillion in 2019 to $1.55 trillion by 2028, according to Allied Market Research;   2. MICE sector in the Middle East is growing at 7.2 percent year-on-year and generates US$1.4 billion annually;   3. The UAE's hotel occupancy rate rose to 62 per cent in the first six months of 2021, up from 53.6 per cent reported during the same period in 2020, more

    DFM Launches Incentives for Private Businesses' IPOs Across Key Growth Sectors

    • Hamed Ali: “The program encompasses unprecedented incentives offered to companies planning to IPO in Dubai” • The program provides financial support to private companies for IPO and listing-related cost  • a three years’ waiver on listing fees, AGM fees and dividend distribution fees   Dubai, 17 November 2021: The Dubai Financial Market (DFM) today announced an incentives program to encourage new Initial Public Offerings (IPOs) and listings from private sector companies representing numerous rapidly growing economic sectors that strongly contribute to the GDP as well as the new-economy related companies.   The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s Main Market and listing more

    Burgan Bank Renews its Platinum Sponsorship of the Kuwait Equestrian Federation's Showjumping Tour

    Confirming its strategic support for the sports culture in Kuwait  Kuwait, 17 November 2021: Burgan Bank announced its Platinum sponsorship of the Kuwait Equestrian Federation’s (KEF) inaugural showjumping tour. The Bank’s support of KEF’s competition is a reflection of its ongoing strategic support to sports activities and initiatives that aim to enhance the progress of the sports culture in Kuwait; as part of the Bank’s expansive, community-focused social responsibility program.  The Tour extends across the entire equestrian season from November 2021 until April 2022. It features the participation of more than 300 showjumpers representing a large number of public and private equestrian clubs from across Kuwait. In total, eight competitions are set to be held in three clubs, namely the Hunting more

    Other Top Stories from Banking and Investments
    First-ever ‘Made in AFZ' exhibition ends on a high note

    November 30, 2021: The Ajman Free Zone (AFZ) has concluded its first-ever ‘Made in AFZ’ exhibition on a successful note following a remarkable participation from the free zone’s business community. The three-day event which was held at AFZ’s headquarters earned wide acclaim and generated a strong turnout of visitors, and served as an ideal platform for AFZ businesses to market their products and services and engage in possible partnerships within the local business community. The exhibition attracted 30 participating entities, where various activities were held more

    ABCC organizes seminar to promote Brazil's fresh fruits exports in Arab countries

    November 30, 2021- The Arab-Brazilian Chamber of Commerce (ABCC) has organized a seminar titled ‘Opportunities in Fresh Fruits Sector’ for a delegation from the Brazilian Fruit Growers and Export Association (Abrafrutas) in the UAE. The seminar organized in line with the initiatives to promote the potential of Brazil as fresh fruits supplier to the Arab countries was held at ABCC’s Dubai office in Jumeriah Lake Towers. The presentations in the seminar covered important strategic points on the fresh fruits industry in Brazil and gave an overview of the industry to the more

    Global Halal Brazil Business forum to shed light on Brazil's potentials in global halal trade

    November 28, 2021-  Arab Brazilian Chamber of Commerce (ABCC) is set to organize the Global Halal Brazil Business forum, a three-day event to be held virtual and in-person which aims to discuss the latest developments in Brazil’s halal market and offer new insights about the global halal trade. ABCC will host the event in partnership with the Federation of Muslim Associations in Brazil (FAMBRAS Halal) and supported by the Brazilian Trade and Investment Promotion Agency (Apex-Brasil), BRF, Iceport and Portonave at the Renaissance Hotel in Sao Paulo from December 6-8, more

    Fourth Digital Next Leadership Series to Navigate the Future of Cybersecurity

    Leading government and digital transformation experts to discuss capabilities and processes to enhance cyber security programs worldwide Abu Dhabi, November 24, 2021 - The fourth session of ‘Digital Next Leadership Series’ is set to gather global cyber Security experts and government entities representatives from across the world on a virtual platform to explore how the cybersecurity landscape continues to evolve over the next few years. Themed ‘Cyber Next’, the upcoming talk which will take place on Wednesday (December 8, 2021), is the latest in the series of more

    53 Top Colombian companies to showcase their business prowess at Expo 2020

    Bogota Chamber of Commerce to explore partnership opportunities at the 12th World Chambers Congress, Dubai November 22, 2021: 53 companies from Bogota and the neighboring regions of Colombia representing various industries such as technology, cosmetics, medicine, and others, are displaying their products and services at Expo 2020 Dubai, as part of the collaboration of the Bogotá Chamber of Commerce (BCC) and ProColombia. The presence of these companies at the Expo 2020 Dubai is due to the upcoming participation of BCC in the 12th World Chambers Congress taking place in Dubai on more

    Whiteshield Partners involves younger generation in public policy making focusing on climate change

    November 17, 2021- The recently concluded COP26 summit at Glasgow sheds light on the importance of consolidated efforts on addressing the impacts of climate change and how to connect different areas of public policy for a comprehensive global approach. Emphasized by the Intergovernmental Panel on Climate Change, there is an urgent need to reduce and limit carbon emissions and other greenhouse gases to keep temperature rises within 1.5 degrees Celsius, which scientists recommend to avoid disastrous human and environmental consequences. The severe and irreversible effects caused by climate more

    Compass Coworking Centre in Ras Al Khaimah Brings a New Working Experience to the Community

    Ras Al Khaimah, 17 November 2021:  Ras Al Khaimah’s work environment has entered a new and exciting era with the launching of Compass Coworking Centre, a vibrant community hotspot managed by Ras Al Khaimah Economic Zone. The centre welcomes SMEs, entrepreneurs, start-ups, students and freelancers aiming to switch up the way they work. Compass Coworking Centre offers a plug n’ play experience with functional amenities that help its members get the most out of a working day. It features open workspaces, for individuals who want to work and collaborate with peers; more

    QNET Reinforces its Commitment to Sustainability with Global Reforestation Initiative

    QNET partners with EcoMatcher to launch Green Legacy with Forests in three global locations to combat climate change   Dubai, November 16, 2021 - Reiterating its commitment towards sustainability, e-commerce based direct selling company, QNET, announced its new Green Legacy programme in partnership with Certified B Corporation, EcoMatcher with the planting of three new forests in the UAE, Kenya, and the Philippines.  The United Nations’ Sustainable Development Goals (SDGs) identify reforestation and sustainable forest management as key to combating climate more

    Middle Eastern Brands Commit to Increased Investment in Digital CX, Reveals Customer Experience Live Intelligence Report for 2022

    Report launched at Customer Experience Live Show Middle East states Data analytics, CRM, and AI are top priorities for companies’ 2022 CX strategy 60% companies to invest in solutions that will strengthen their data framework 43% will be investing in Intelligent Chatbots in 2022 to enhance omnichannel CX Companies recognised for their exceptional CX achievements during the pandemic; Medcare Hospital wins the Best (Voice of Customer) Award in the Healthcare Category Tanfeeth Emirates NBD and Tanfeeth Emirates Islamic receive Best Contact Center and Best Customer Experience more

    EDGE Partners with Sanad to Provide MRO Services for Rolls Royce Trent 700 Engines

    Agreement marks first step in establishing a long-term collaboration between EDGE and Sanad Group   Dubai: 15 November, 2021 – GAL, a leading regional provider of integrated aircraft sustainment solutions for military and civilian customers within EDGE Group, today announced they have signed an agreement for Sanad, the global aerospace engineering and leasing solutions leader wholly-owned by Mubadala Investment Company PJSC (Mubadala), to provide Rolls-Royce Trent 700 engine maintenance services to support GAL’s Performance Based Logistics contract with UAE Air Force Air more

    Hotpack Appoints new VP for Strategy and Investments and Head, KSA

    Dubai, November 15, 2021: Hotpack Global, the world’s leading manufacturer of disposable food packaging products, announced Mr. Suhail Abdullah joining as the Group Vice President, Strategy and Investments in its corporate management team. In a statement Hotpack said Mr. Suhail will lead the corporate strategy of the Group and his mandate includes alliances, Mergers & Acquisitions (M&As) as well as strategic investments. Additionally, he will also be the Country Head of Hotpack Saudi Arabia. He will be stationed in the Kingdom. “Mr. Suhail is joining us at an more

    Abu Dhabi Based Watania Launches New Channel for Seamless Motor Insurance Powered by

    Dubai – 14 November 2021:, the AI-powered customer service automation company has partnered with National Takaful Company (Watania) PJSC in Abu Dhabi to offer an end-to-end seamless customer experience to new and existing customers of Watania Motor Insurance. With the latest partnership, Watania’s customers will now be able purchase a motor insurance without having to wait or ask for human assistance. “The deployment of Watania end-to-end motor insurance is another milestone for Verloop as it showcases the power of our conversational AI more

    Global Experts and Futurists Highlight the Main Future Challenges Facing Humanity

    Stressing the Importance of Promoting Global Cooperation to Build a Better Future for Mankind    13th November, 2021: On the sidelines of their participation in the "Great Narrative Meeting", organized by the UAE government in collaboration with the World Economic Forum (WEF), a group of global though leaders, experts and specialists stressed the importance of promoting global cooperation between governments worldwide for the good of humanity and to overcome future challenges. Global efforts should focus on consolidating the principles of partnership and employing more

    IPACK-IMA Processing and Packaging Stops in Dubai Ahead of May 2022 Edition

    The international B2B trade show focused on sustainability with the 'Processing & Packaging Stories' dedicated to the MEA region November 11, 2021; Dubai, UAE: IPACK-IMA presented in Dubai, within the Expo framework, the contents and goals of the next edition of the technologies and materials exhibition to be held in Milan from 3rd to 6th of May. As part of the "On the road to IPACK-IMA" program, buyers, trade journalists, opinion leaders and exhibitors met live in anticipation of the next IPACK-IMA 2022 event which the community has identified as the moment of more

    Emirates Development Bank, National Bank of Fujairah sign MoU on credit guarantee, co-lending for SMEs in the UAE

    10, November 2021: The Emirates Development Bank [EDB], a key financial enabler of the country’s economic diversification and industrial transformation agenda, today announced the signing of a Memoradum of Understanding with National Bank of Fujairah [NBF] to offer credit guarantee and co-lending for Small and Medium-sized Enterprises [SMEs] in the UAE. The MoU with NBF is part of EDB’s commitment to boost the SME ecosystem in the UAE and increase its contribution to the country’s GDP. The EDB-NBF MoU focuses on offering strategic financing solutions to SMEs, one of the more

    Mashreq Posts AED 265 Million Net Profit for 9M 2021

    Dubai, UAE - 9th November 2021: Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the nine months ending 30th September 2021.   Key highlights:   • Robust Growth in Operating Income  o Operating Income has increased by 8.2% over the previous year to AED 4.3 billion due to improvements in fees and commission o Mashreq’s non-interest income to operating income ratio continues to remain high at 48.0% (48.1% as of September 2020)  o Operating profit at AED 2.4 billion is a 14.3% increase more

    Sternon Group Launches US L1 Non- Immigrant Visa Advisory Service for UAE- Based Executives and Entrepreneurs

    L1 non-immigrant visa helps foreign companies to deploy their executives to visit and work in the United States legally, carry on with business and wealth creation activities Date: Dubai, UAE, November 09, 2021      Sternon Group, a Dubai-headquartered global diversified conglomerate, has started visa advisory services for UAE-based entrepreneurs, senior executives and managers – who want to relocate to the United States under the L1 non-immigrant visa programme – that allows them to live in the USA and work in their company’s affiliate branch office more

    Al Saeedi Group hosts clients with MCFC Trophies at Nexen Tire Brand Shop in Jebel Ali

    Dubai, November 08, 2021: Presenting a rare occasion for clients and football aficionados, the UAE – based Al Saeedi Group hosted an event to showcase the winning MCFC trophies for Premier League and Carabao Cup. In a statement, the company said the showcase was organized specially for the company’s clients and football fans. The cups are on a global tour and partners of MCFC in the UAE have been organizing events to provide a rare opportunity for their respective stakeholders to take pictures with the trophies. “The MCFC’s Premier League Trophy and Carabao Cup more

    Emirates First Group Launches e-First Global to Support Foreign Investors as No of Businesses Exceed 650,000 in the UAE

    The launch of e-First Global comes after its parent company Emirates First Group helped set-up more than 5,000 companies who have invested an estimated Dh500 million into the UAE economy with Dh5 billion worth of economic impact so far   Date: Dubai, UAE; Saturday, November 06, 2021   News Highlights:   1. The total number of business licences in the UAE increased to 652,885 in June 2020, a rise of 4,201 compared to May 2020, according to the National Economic Registry;  2. The number of registered licences in Abu Dhabi, Dubai and Sharjah reached more

    Lenovo Group: Second Quarter Results 2021/22

    • Lenovo delivers record quarter globally, as strategy continues to drive transformation and sustainable growth, with profitability on track to double in three years • Mirroring its global success, IDC’s preliminary data indicates that Lenovo is the PC vendor with the highest market share in the Gulf region   Dubai, United Arab Emirates, November 4, 2021 – Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced record quarterly results for the Group, with historic highs for both profit and revenue. The company’s operational excellence, innovation, and more

    Dubai Investments Reports Net Profit of AED 455.6 Million for the Nine-Month Period Ended September 30, 2021

    Dubai, 4th November 2021 – Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has reported Net Profit of AED 455.6 million for the period ending September 30, 2021, an increase of 9% as compared to AED 418.1 million for the same period last year. Total Income also increased to AED 2.6 billion from AED 1.9 billion for the first nine months of the year. Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments said, “The results for the first nine months of 2021 have demonstrated resilience of our business more

    SBWC Showcases Sharjah's Vast Market Potential to Women Entrepreneurs from the Netherlands and Brazil

    ‘Women Invest in Women’ networking series introduces promising investment and business opportunities in Sharjah to visiting delegation   • 30 delegates representing Women of the World from the Netherlands and Future Business, a Brazil-based organisation, attend the event. • HE Sheikha Hind bint Majid Al Qasimi: “SBWC believes in the exponential power of female entrepreneurship”     Sharjah, November 03, 2021:  Sharjah Business Women Council (SBWC), an affiliate of NAMA Women Advancement Establishment (NAMA), recently more

    Illegal Data Collection and Financial Data Theft are Major Worries for UAE and Saudi citizens

    ●      Two in five respondents in UAE and KSA say having financial data stolen is their main worry  ●      45% of UAE respondents fear data being collected, 37% in KSA ●      75% of UAE respondents say they have low trust in social media platforms    November 02, 2021: Ding, the fastest way to send international mobile top-up, today launched the second Ding Global Prepaid Index (GPI) in the United Arab Emirates and Saudi Arabia. Consumers in the GCC are among the world’s most avid users of social media but more

    GELLIFY Corporate Entrepreneurship Event to Provide Insights on Global Entrepreneurship Trends and Innovations

    Innovation remains a top priority for the MENA region, corporate venturing becoming one of the key vectors of the new economy    The 5th annual event by GELLIFY scheduled for November 9-10, 2021 brings an exciting line-up of over 65 world-class speakers. Interested participants can register to join for free.  The virtual event offers a unique opportunity for corporate decision-makers to be inspired, network, and engage with the brightest minds internationally on corporate venturing and startups  In a first-of-its-kind initiative, the interactive HOPIN more

    2nd Edition of the Private Label and Licensing Middle East to Amplify New Business Opportunities in the Fastest Growing Retail Segment

    Hundreds of private label pioneers, start-ups and new market entrants will showcase the latest breakthroughs and explore boundless potential across food and non-food FMCG sectors from 7-9 November Industry leaders will review successful strategies and chart the future of private label and cross-sector collaboration in thought-provoking conference series Dubai, UAE – 1 November 2021: Private Label and Licensing Middle East, the Middle East and North Africa’s (MENA) region’s only private label and licensing exhibition, returns for a second edition at Dubai World more

    Arab Bank Group Profits Grow by 26% for Nine Months 2021

    October 31, 2021:  Arab Bank Group reported net income after tax of $271.7 million as compared to $215.2 million for the same period last year, recording a growth of 26%. Arab Bank consolidated the financial statements of Oman Arab Bank under its Group accounts increasing total assets by $8.4 billion to reach $63.7 billion compared to $52.5 billion for the same period last year. Customer deposits grew by 24% to reach $46.6 billion, while loans grew by 28%, to reach $34.1 billion. The consolidation of Oman Arab Bank has materially increased customer deposits and loans by $7 billion and more

    Members of SIRIUS 20/21 Mission Speak at IAC 2021

    Dubai, UAE, 30, October 2021: Members of the Scientific International Research in Unique Terrestrial Station (SIRIUS) 20/21 spoke to the media and delegates during a live session held at the 72nd International Astronautical Congress on Friday. The primary crew members included Oleg Blinov, Victoria Kirichenko and Ekaterina Krayakina from Russia, William Brown and Ashley Kowalski from the US and Abdalla AlHammadi from the UAE. The backup crew of Evgeny Prokopyev, Alexey Fedorov and Vera Bakhtereva from Russia, Brian Evarts and Tatiana Delani from the US and the UAE’s Saleh more

    Over 6,500 Attend 72nd International Astronautical Congress in Dubai

    Dubai, UAE - 30, October 2021: The 72nd International Astronautical Congress (IAC), the world’s premier space event held in the Middle East for the first time ever, came to an end with a closing ceremony on Friday. More than 6,500 space enthusiasts and participants from over 110 countries attended the 5-day event filled with events, meetings, collaborations, announcements, updates and more, under the theme “Inspire, Innovate & Discover for the Benefit of Mankind”.  IAC 2021 began on October 25, with a grand opening ceremony attended by delegates, heads of more

    How Blockchain is Duabai's Next Big Thing

    Blockchain technology has taken the world by storm, and is seen by many analysts as the future of data structure for transferring value. A blockchain is a decentralised distributed ledger whereby all the transactions are recorded on the network of computers. The first blockchain is the most famous one; Bitcoin. Bitcoin is something of an enigma and has skyrocketed in the past 10 years to be the 14th largest currency in the world according to Bitcoin, blockchain as well as a plethora of other cryptocurrencies solve many issues in a wide range of industries and Dubai is more

    Metallic Launches Security IQ for Proactive Cyber Readiness, Identifies Data Protection Risks at Cloud

    Dubai, United Arab Emirates – October 28, 2021 – Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud, and SaaS environments, today announced Metallic Security IQ. Embedded as an optional feature across the entire Metallic portfolio, Security IQ is a unified security dashboard that provides customers with quick and meaningful insights into threats impacting their data landscape and their data backup security posture in their Metallic cloud environments. IT administrators responsible for data protection are facing more

    Drones Revolutionise Middle East's Warehousing, Last Mile Delivery & Inventory Operations

    Hypermotion Dubai’s Scalex Conference to highlight regional potential with Oman to begin drone delivery to outlying areas   Dubai, UAE - October 27, 2021:  Drones are set to totally transform the Middle East’s warehousing and logistics sectors with operations in Oman imminent, according to a speaker at Hypermotion Dubai’s Scalex (Supply Chain and Logistics Excellence) conference at the Dubai Exhibition Centre.   Speaking ahead of the conference, which takes place from 2-4 November, Moosa Karim Albalushi, MENA director of US-based UVL Robotics plans more

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