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    Featured in Banking and Investments
    Abu Dhabi Fund for Development Ongoing Support by Funding Educational Projects Totaling AED2 Billion

    Abu Dhabi, UAE – 24 January 2022: During its pioneering 50-year journey, Abu Dhabi Fund for Development has worked to support international efforts aimed at achieving sustainable development in the education sector around the world. To date, it has funded 64 educational development projects that serves the educational sector, with a total of AED2 billion invested across 15 developing countries around the world. In its report, issued on the International Day of Education on 24 January, ADFD emphasized the importance of supporting the education sector, one of the essential pillars for achieving humanitarian and societal progress. The Fund also aims to develop the capabilities of individuals and to qualify future generations, empowering them to make societies more stable and productive. His Excellency Mohammed Saif Al ......read more

    Ajman Bank Partners with Arada to Provide AED 152 Million in Financing for Sharjah Megaproject Aljada

    Arrangement will fund construction at villa complex and major school at the 24 million sqft mixed-use community in Muwaileh   Ajman Bank has signed a financing agreement with local developer Arada that will provide AED 152 million to finance the construction of two key projects within the fast-growing Aljada mixed-use community, Sharjah’s largest ever megaproject. The arrangement has resulted in the provision of AED 37 million in financing for a villa complex within the Aljada community, as well as a further AED 115 million in financing for the construction of the second and final phase of the SABIS® International School – Aljada (SIS-Aljada).    Making the announcement, Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, said, “We are glad to extend our support to Arada, one of the ......read more

    Al Wathba National Insurance (AWNIC) Launches a Unique, Digital Pet Insurance Product

    Abu Dhabi, United Arab Emirates, 21 January, 2022:  Al Wathba National Insurance (AWNIC) announces the launch of Pet Insurance in the United Arab Emirates, covering a range of contingencies from vet bills to vaccinations. Being one of the very few providers to offer this insurance product, AWNIC designed their Pet Insurance product to include a wide network of veterinary clinics, value added benefits, and essential coverage for your pets. Covering everything from accidental death, illness, vets’ bills, vaccinations and medical expenses (up to AED50,000), Pet Insurance can be purchased online in less than two minutes, with premiums starting from as little as AED 2 per day. Offering complete flexibility to pet owners in the UAE, AWNIC’s Pet Insurance will be offered from 20 January 2022 and is available across ......read more

    Iman Developers Launches New AED 130 Million Residential Development - Oxford 212 -in JVC

    • Offers 212 luxury premium living studio, one and two-bedroom units ranging between 390sq ft - 1800sq ft sq. feet • Unit process starts at AED 426,000 reaching up to AED 1,300,000   Dubai, January 20, 2022: One of the leading Dubai-based luxury residential developers, Iman Developers launched their latest project in Jumeirah Village Circle (JVC), bringing to Dubai’s supply-starved growing realty market 212 new apartments.   Worth AED 130million, Oxford 212 is the fifth successful residential development of Iman Developers which has a portfolio of four completed projects and another three in development stages.   “Oxford 212 will set a benchmark in modern family living space. The project is luxury redefined offering premium living, adding value to the residential realty inventory ......read more

    New Official Operational Hours Announced for Visa Application Centres in Abu Dhabi and Dubai

    • Customers in the UAE can visit the Visa Application Centres from Monday to Friday; Centres remain closed on Saturday and Sunday.   • Philippine ePassport Renewal Centre continue to operate 7 days a week.   • Customers can opt for Visa At Your Doorstep service for greater flexibility in visa application.   In alignment with the UAE Government’s decision to adopt a new working week schedule, and in accordance with the directives received from the client governments, VFS Global’s Visa Application Centres (VACs) in Abu Dhabi and Dubai have announced new operational hours for customers. The VACs operate from Monday to Thursday, 09.00 AM to 05.00 PM, except for public holidays and on Friday, 09.00 AM to 05.00 PM, with a prayer break between 01.00 PM and 02.30 PM. The centres will ......read more

    Al Kaabi: Successfully Reduced Waste Sent to Landfills by 40% in Abu Dhabi

    During a media forum organised by Abu Dhabi Waste Management Center (Tadweer) at EcoWASTE   18, January 2022, Abu Dhabi, UAE: His Excellency Dr. Salem Al Kaabi, Director General of Abu Dhabi Waste Management Center (Tadweer), said that the Center has succeeded in reducing the amount of waste sent to landfills by 40% in the emirate of Abu Dhabi. The Center continues working to achieve its strategic goal of reducing the total of waste sent to landfills by 80% by 2030. His Excellency made the announcement during a media forum organised by Abu Dhabi Waste Management Center (Tadweer) on the second day of the eighth edition of EcoWASTE 2022 Exhibition and Forum, held at Abu Dhabi National Exhibition Centre (ADNEC) as part of the Abu Dhabi Sustainability Week (ADSW). His Excellency Dr. Al Kaabi discussed the latest developments of ......read more

    Super Computing Start-up from Qatar - Spectre System'

    January 18, 2022:  Known for the Vast LNG resources, Qatar has been trying to build an ecosystem to attract world class professionals to setup unique and innovative start-up’s. Spectre LLC setup in Doha, Qatar in 2021 is already pushing the boundaries of High-Performance computing [HPC] available in the region. ‘All businesses have with them different kinds of data which when properly categorized and analysed will provide critical information about the business like sales predictions, product or service which is bringing in the revenue, time at which consumers are buying it, locations from which the sale of this product /services is going on. This data can feed into Artificial Intelligence [AI], Machine Learning [ML], Business Intelligence [BI].’ said Aswathy Anna, CEO of the company. ‘Company has built ......read more

    Verloop.io Partners with Vonage to Deliver Seamless Conversational AI

    Dubai, January 17, 2022: Verloop.io, the leading specialist in conversational AI for customer support, announced today that it has partnered with Vonage, a global business cloud communications leader helping businesses accelerate their digital transformation, to enable Verloop.io customers to deploy their conversational AI applications into new channels by leveraging Vonage’s communications APIs (Application Programming Interface). With Vonage, Verloop.io can manage multiple channels such as WhatsApp, Facebook Messenger, Viber, Voice and SMS from a single platform. "Vonage’s API Platform brings both power and flexibility to businesses through the integration of multiple channels, including messaging, voice, and video communications solutions,” says Gaurav Singh, Founder & CEO, Verloop.io. “We’re ......read more

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

    Kuwait, January 17, 2022:  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:  • Hamad Abdullah AlateeqI • Nader Sultan Mahmoud • Msairah Rahi Alfadhli • Hamad Mohammed Al-saad • MansouR Abbas Almutawaa   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 ......read more

    Dukhan Bank Announces the Grand Prize Winner (QAR 1 million) of Thara'a Savings Account

    Doha, Qatar – January 15, 2022 – Dukhan Bank has announced Abdulla Al-Darwish as the winner of its QAR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce & Industry. Thara’a, Dukhan Bank’s Shari’ah compliant savings account and the first in Qatar’s Islamic banking sector, offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari Riyals. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Every month, there are 42 winners per draw for the cash prize of 5,000 Qatari Riyals, as well as 2 winners per draw for the cash prize of 10,000 Qatari Riyals. Additionally, every ......read more

    Is Online Gambling Legal in Saudi Arabia?

    Saudi Arabia is not exactly the friendliest of environments when it comes to online gambling. Since this is the Middle East, this hardly comes as a surprise. There is, however, a beacon of light; with the proper knowledge, you can gamble online in the region without invoking the ire of the local authorities, and we’re going to show you how. The secret sauce Although you won’t find anything usable in your local environment, there are hundreds of trused casinos sites to play in Saudi Arabia if you know where to look for them. Hint: it’s the offshore casino operators that are governed by another jurisdiction and so it’s their laws that apply. Although the local lawmakers and regulators are fully within their right to say no to gambling in Saudi Arabia, their decree does not surpass the borders of the country. ......read more

    IBPC Retail Conclave 2022

    Dubai, 13 January 2022: As UAE’s Indian Business and Professional Council (IBPC) formed under the aegis of Dubai Chamber of Commerce and Industry will be staging their first and flagship event of 2022 – IBPC Retail Conclave, on 12 January 2022. The high-profile business networking event will take place at Taj Dubai in Business Bay with the ambition of striving to provide a platform that promotes economic cooperation including trade, investments, and other financial flows between the UAE and India.  “The Conclave would be offering engaging insights on disruptive technologies within the retail industry, have meaningful discussions on how to capitalize on these technologies as well as the opportunities and challenges brought about by the new retail revolution, driven by digitization across industries”, ......read more

    Dubai Culture and Zoho Partner to Support Digital Transformation for Creative Entrepreneurs in Dubai

    Dubai, January 13, 2022: In a bid to support creative talents based in the emirate, Dubai Culture and Arts Authority (Dubai Culture) signed a cooperation and partnership agreement with Zoho Corp., a global technology company. The agreement aims to support the emirate's creative entrepreneurs through their digital transformation journey, enhance the efficiency of their business, and simplify daily operations. The agreement was signed at the Authority by Hala Badri, Director General of Dubai Culture, and Hyther Nizam, President MEA - Zoho Corp. This new public-private partnership comes within the Dubai Culture’s framework to support the creative community in Dubai. The partnership enables creative community members to leverage over 45 applications as part of Zoho One, the operating system for business, to run all their ......read more

    Zoho's Dubai Headquarters To Operate On New Working Week

    Dubai - January 12, 2022:   Zoho Corp., a leading global technology company, has announced the shift to the UAE's working week in its Dubai headquarters office. Effective January 2022, Zoho will operate from Monday to Friday. The announcement comes in line with the UAE federal government's announcement to align with global markets.   "As a company operating on a global scale, the new working week will be especially helpful to regional teams working closely to meet deadlines, which in turn helps boost productivity and cross-continent collaboration. Aligning our operational week with the UAE government will further open up business opportunities with new markets and enable us to better serve our local customers,” said Hyther Nizam, President of Zoho, Middle East and Africa.    Zoho follows a ......read more

    Burgan Bank Continues its Sponsorship of World Wheelchair Fencing Champion, Tareq AlQallaf

    For the eight consecutive year Mrs. Hessa Hussain Al-Najadah, Manager Public Relations at Burgan Bank, with Ms. Leena Al-Bassam from the Burgan team with Mr. Tareq AlQallaf, World Wheelchair Fencing Champion. Kuwait, 11 January 2022:  Burgan Bank is continuing its support of professional Kuwaiti athletes, once again renewing its sponsorship of World Wheelchair Fencing Champion Tareq AlQallaf. Now in its eight year, the Bank’s support of AlQallaf comes as part of its efforts to elevate the sports sector in Kuwait and help Kuwaiti athletes compete across all arenas.  Throughout his career, AlQallaf has won many titles on the local and international levels, garnering almost 380 medals to date, as well as the 'sword of honor' award as the world's best player and the gold medal as World Champion of the ......read more

    Invesco Outlook: Inflation Sets the Stage for 2022

    • Global growth for 2022 will slow to a more normal state • Rise in number of Covid cases and new variants seen as a headwind • Continued supply-chain disruptions and an upsurge in demand threaten to keep inflation high • Higher volatility expected as markets process the slowdown in growth and gradual tightening of monetary policy   Dubai, UAE – 11 January 2022:  Following the aggressive monetary and fiscal policy moves of the last two years to counter the effect of the Covid-driven pandemic, Invesco’s team of global strategists say that 2022 looks to be a year of transition toward a more normal state.  However, the economic and market environment will likely be defined by inflation and how policymakers react to it.   Invesco’s strategists have worked on a ......read more

    Abu Dhabi Fund for Development Announces First Investment in Thailand Tourism and Hospitality Sector

    AED 385 million joint venture with Minor International Public Company Limited to include investment in 5 resort destinations, support economic growth of strategically important sector ABU DHABI, UAE, 11 January 2022: Abu Dhabi Fund for Development (ADFD has announced a USD 104.8 million (AED 385 million) agreement with Minor International Public Company Limited (“MINT”) to jointly hold shares in five tourist resort assets in Thailand, including Anantara Riverside Bangkok Resort, Avani and Riverside Bangkok Hotel, Riverside Plaza Bangkok, Anantara Layan Phuket Resort and Four Seasons Resort Koh Samui.  This is ADFD’s first investment in Thailand’s tourism and hospitality sector, which is key to the nation’s overall economy and contributes 20% of the country’s total GDP. With MINT, ADFD ......read more

    United Arab Bank Implements Complete Data Protection for Data Backup, Replication, and Disaster Recovery with Commvault

    Dubai, United Arab Emirates – January 10 2022: Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premise environments, has been selected by United Arab Bank (UAB) to implement Commvault Complete Data Protection, with built-in ransomware protection for all their workloads, across the whole organisation.   United Arab Bank decided to partner with Commvault to install Complete Data Protection as a single, powerful backup software solution for data protection. UAB, a leading financial solutions provider in the UAE, will benefit from comprehensive on-prem, public cloud, and hybrid multi-cloud workload coverage from a single platform and user interface.   All backup, archive, replication, disaster recovery, across all the bank’s ......read more

    Huwaida Refaat Abdullah Wins KD 4000 in Burgan Bank's Value Account Draw

    Kuwait – January 10, 2022:  Burgan Bank today announced Huwaida Refaat Abdullah as the winner of the Value Account KD 4000 draw. The winner expressed her excitement of winning the cash prize of KD 4,000. Dedicated to offer the best in-class services, Burgan Bank’s Value Account presents customers with exceptional features which were specifically designed to suit the needs of expatriates living in Kuwait. Account holders will be able to enjoy matchless benefits that include receiving a free credit card for one year, application for a loan, in addition to a chance to enter the quarterly draw to win KD 4000 as well as other discounts from selected merchant stores.  Burgan Bank will continue presenting exclusive services and draws with an aim of exceeding customers’ expectations while offering them chances ......read more

    RAKEZ Facilitates Bank Account Opening for Clients through RAKBANK's Quick Apply Digital Kiosk

    Ras Al Khaimah, 10 January 2022: Ras Al Khaimah Economic Zone (RAKEZ) ties up with RAKBANK to facilitate opening of bank accounts for RAKEZ clients through a digital kiosk within its one-stop shop service centre in Al Hamra, Ras Al Khaimah. The new kiosk allows clients to complete their application on the spot, without the need to visit a RAKBANK branch.   RAKBANK’s Quick Apply kiosk at the RAKEZ service centre aims to enhance the business environment and enables investors to carry out their businesses with ease. This kiosk is part of a long-term partnership between RAKEZ and RAKBANK, under which more kiosks are planned to be installed in different RAKEZ locations.   “SMEs are the backbone of any economy. Today, SMEs comprise majority of the RAKEZ landscape. To support this community, we are always looking out ......read more

    ADX Partners with FTSE Russell to Create New Benchmark Indices

    ▪       FTSE ADX General Index is replacing ADX General Index as of Monday 10th of January 2022. ▪       FTSE ADX sector indices to replace six existing sector indices and introduce four new sector indices. ▪       The partnership will work to introduce new co-branded indices for the ADX market during the course of the year. Abu Dhabi, January 10, 2022: The Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop co-branded indices, supporting the exchange’s recently launched derivatives market and bringing the exchange’s stock performance measures into line with global standards. As of 10th of January 2022, the FTSE ADX General Index is replacing the ADX General Index, and FTSE ADX sector indices will take the place of ......read more

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

    Kuwait – January 10, 2022 - 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 IBRAHIM ALOTAIBI • SHAH ASWAR MOHAMMAD • KYRA CARLOS • ABDULAZIZ MOHAMMAD BODASTOUR   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 of winning.  If the account ......read more

    MENA Countries Lag in Open Data Barometer and can Catch Up at the 2nd Data Driven-Government Conference

    More than 300 senior government officials, Chief Information Officers, IT experts, ICT companies, public policy-makers, and suppliers will brainstorm at a two-day conference from Feb 15-16, 2022, to unlock a $3 trillion open-data opportunity     News Highlights: 1. Governments can play a key role as data providers helping to unlock a $3 trillion open-data opportunity for the private sector and civil society; 2. Worldwide government IT spending is forecast to total $557.3 billion in 2022, an increase of 6.5 percent from US$523.2 billion in 2021; 3. The number of smartphone users in the world today has exceeded 6.37 billion, which translates to 80.69 percent of the world's population owning a smartphone; 4. The global market for big data estimated at US$130.7 billion in 2020 and projected to reach ......read more

    VARDHMAN Realty Signs Up Leading Indian Film Star Priyamani, as Brand Ambassador

    January 05, 2022:  VARDHMAN Realty, UAE’s leading property investment and asset managers and an established name in the realty industry recently signed up Indian film star Priyamani as its brand ambassador. Announcing this Mr. Jiten Varia, the Founder and Chairman of VARDHMAN Realty said that the signing up reflected the growing plans for VARDHMAN Realty. According to Ms. Priyamani, Dubai has a great potential in real estate investment and a first time buyer always wander for good helpful advice. Real estate is a huge investment arena and an appropriate advice becomes a requisite. Being associated with VARDHMAN Realty educated me about the core values of the entity and individuals connected with it. It helped me to choose and take right decision while investing here in Dubai. I respect the fact that as a first generation ......read more

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

    Kuwait, 4 January 2022: Burgan Bank, announced today Mr. Abdullah Mohammad Alenezi 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.

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    Dubai Internet City and Khazna Data Centers Announce Two State-of-the-Art Data Storage Facilities in Dubai

    • The new data centres will support the UAE’s digital transformation journey by catering to the rising demand for secure data storage • Enterprises can benefit from advanced digital infrastructure across new strategic locations in Dubai     January 04, 2022, Dubai, UAE: Dubai Internet City, the region’s largest hub for technology companies and talent, has announced a deal with Khazna Data Centers, one of the largest wholesale data centre providers in the Middle East and North Africa, to establish two state-of-the-art facilities to further support enterprises of all sizes by enabling the integration of technology across all business functions.    The government’s ambition of transforming the UAE into a smart country necessitates the deployment of secure cloud ......read more

    AD Ports Group's Industrial Cities & Free Zone Attracts Over 95 Polymer Factories

    The Sector’s presence has increased to cover over 3.4 million SQM across ZonesCorp and KIZAD   Abu Dhabi, UAE - 04 January 2022 – AD Ports Group today announced that its Industrial Cities & Free Zone Cluster is now home to 95 companies in the polymers sector occupying a land area of 3,454,457 square metres. AD Ports Group has also witnessed an increasing interest from polymer sector in its Industrial Cities & Free Zone Cluster, which is spread across 550 sq km of industrial and commercial land, and is home to over 1,500 local, regional, and international companies. Based on a Statistics Centre of Abu Dhabi survey, the total investment in the Cluster is estimated at more than AED 140 billion. Today ZonesCorp and KIZAD serve as the regional base for some of the best known companies of varying scale in the ......read more

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

    Kuwait, January 03, 2022: 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:  • Sabeeh Mohammed Umer • Farouq Mohammad Alawadhi • Ingo Herbert Amnenda • Ameen Khairallah AlshareefI • Moaed Fhuwze Almohamad   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 of ......read more

    Burgan Bank Continues to Service Customers Throughout the New Year's Holiday

    Kuwait, 29 December 2021:  Burgan Bank announced that it will closing all branches on Sunday January 2, 2022, on the occasion of the New Year’s holiday. The Bank will resume normal operating hours at all branches on Monday January 3, 2022. However, to accommodate Burgan Bank customers, the Airport Branch will resume for 24/7 during the holidays.     

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    Emirates Group Security and University of Arizona Sign Agreement for Mutual Academic Collaboration and Research

    Dubai, UAE, 29 December 2021 - Emirates Group Security (EGS), one of the leading aviation security practitioners and learning and development providers in the region, has signed an agreement with the University of Arizona (UA) located in Tucson, Arizona, USA, to promote collaboration in tertiary education and research on general and security-specific subjects from certificate to postgraduate courses. This new dimension comes in the Customized Degree Paths Programme (CDP). The World Campus Experience Program is delivered online by UA with supplemental on-site services and courses provided by EGS.   Through the agreement, UA and EGS will jointly offer 60 programmes, to be delivered entirely online in English by appointed and qualified faculty members at the University of Arizona. Students will have access to the course materials ......read more

    Burgan Bank Rewards Clients with ‘Burgan Instant Rewards' Featuring a Diverse Range of Discounts and Offers

    Kuwait - 28, December 2021: Burgan Bank announced the launch of its Burgan Instant Rewards program for all eligible credit cardholders, in a move to further reward customers and offer them maximum benefit and added value on their cards. Under the umbrella of this program, and upon using their Burgan Bank credit cards to make purchases, customers will benefit from instant and exclusive discounts at a wide range of partner brands and retail outlets; offering customers a comprehensive selection of products and services that meet their needs and are perfectly fitted to their lifestyles and tastes. These include shopping outlets, retail stores, hotels and resorts, restaurants, automotive brands, entertainment destinations, as well as health and fitness clubs. The Burgan Instant Rewards program is available on all Burgan Bank Credit ......read more

    CVDB Goes Live on ICS BANKS Universal Banking Solution from ICSFS

    United Arab Emirates:   Cities and Villages Development Bank (CVDB) has gone live in a record time of five months, on ICS BANKS Universal Banking software solution from ICS Financial Systems (ICSFS); the global software and services provider for banks and financial institutions. The Cities and Villages Development Bank is a publicly owned bank that finances Jordanian municipalities for the development of their infrastructure. CVDB provides long-term financing to establish both; services and productivity projects, through the local councils. The bank administrates and guarantees loans held between the councils and any other party, to support and provide the councils with essential services. The Bank continues as well to contribute to the development process of the local councils, by providing adequate funds, experiences, ......read more

    KPMG Records Strong Growth in FY21 in the UAE

    • KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021    • Significant investments in people, technology, solutions and alliances pay off, with revenue growth for KPMG in the UAE and Oman more than doubling over the previous year   • Total workforce for KPMG in the UAE and Oman expanded by an unprecedented 21%   Dubai, United Arab Emirates, 26 December 2021: KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021 (FY21). Reporting a 10% increase in US dollar revenues from FY20, this follows an extensive period of investment and focus on priority services and solutions addressing the challenges faced by ......read more

    Burgan Bank Platinum Sponsor of the Final Match of the Kuwait Amir Cup 2021

    Kuwait - 23 December 2021:  Burgan Bank recently offered its platinum sponsorship for the final match of the Kuwait Amir Cup, which was held under the patronage of His Highness the Amir, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, and in presence of His Highness the Crown Prince Sheikh Mishal Al-Ahmed Al-Sabah. The match, which drew a huge crowd of sports fans, took place between Kuwait Club and Al-Qadisiyah Club at Jaber Al-Ahmad International Stadium. It was attended by several dignitaries, as well as representatives of Burgan Bank’s executive management, headed by Mr. Majed Essa Al Ajeel, Chairman of Burgan Bank Group and Mr. Masoud M.J. Hayat, Vice Chairman and Group CEO of Burgan Bank Group.  The sponsorship which aimed at supporting the development of Kuwait’s sports sector fell under the Bank's ......read more

    Conares Announces Sunday Weekend for its 800 Employees

    Dubai – December 22, 2021: Conares, the second-largest steel manufacturer in the UAE, has announced Sunday holiday for its nearly 800 plus employees across its four manufacturing plants in Dubai. This is in line with the UAE Government’s new initiative to change its workweek starting on Monday and make Sunday holiday as per international practice.  The company will give a special prayer break for believers in the workforce on Fridays. The shift in the workweek starts from January 01, 2022. Commenting on this, Jyoti Bhatia, Director of HR at Conares, said, “We are happy to announce Sunday, instead of Friday, as weekend for our employees. This is to keep up with the new weekend shift announced by the UAE government. The new move will help the company expand their reach further and align with global ......read more

    Curia Business Group Kicked Off the First Cycle of the Business Innovation Program

    The Curia Business Innovation Program, in collaboration with Microsoft, welcomed 3 aspiring entrepreneurs to the first cycle, which is focused on technology-based innovations. Doha, 21 December 2021:  Curia Business Group, a Qatari venture and management consultancy founded by Hussain Akbar Al Baker, has kicked off the first cycle of the Curia Business Innovation Program. Three entrepreneurs will reap the benefits of Curia’s intensive 12-week program, which due to the collaboration with Microsoft has focused solely on tech-driven innovative ideas. The three candidates were chosen based on the feasibility of their business idea and its viability in solving issues facing the Qatari market today. Throughout the Program, they will receive personalized, step-by-step guidance to take their technology idea from concept ......read more

    Jannat Group Organises an Entrepreneur Meet

    December 21, 2021:  A press conference to mark formal get together of Pakistani Businessmen was organized by Jannat Group of companies on the world’s biggest floating restaurant in Jannat’s Dhow Cruise in Dubai on Thursday, December 16, 2021.  A joint initiative of Jannat Group and RJ Greens Private Limited saw dignitaries gracing the occasion in glittering ceremony which was graced by the dignitaries and top business honchos.  The event began with singing performance by a famous singer from Pakistan which was followed by Emcee taking to the stage and MOU signing between various partners.   Addressing the media personnel present during the occasion was Siffat Afridi, CEO, Jannat Group who said, “We have organized a formal get together of Pakistani Businessmen to explore business ......read more

    Hotpack Awarded Crystal Esko XPS Certification

    First company in the Middle East Africa (MEA) to receive the endorsement Dubai, December 21, 2021:  Hotpack Global, the world’s leading manufacturer of disposable food packaging products, has received the prestigious Crystal XPS certification, endorsing the company’s plate quality and printing excellence. In a statement, Hotpack said that it is the first company in the entire Middle East and Africa (MEA) region to bag the certificate, a significant indicator of the packaging major’s focus on globally benchmarked standards and processes. “We consider the certification as a feather in our cap, and an endorsement of our focus on quality. Being an Esko XPS Crystal Certified Partner means that Hotpack can now offer best-in-class plate quality and printing excellence to the highest standards.  We are ......read more

    Burgan Rewards Dining Carnival

    Exclusively while dining in Kuwait Kuwait, 21 December 2021:   Burgan Bank launched a new promotional campaign for all credit card holders, giving them the opportunity to triple their Burgan Rewards points upon using their card at any restaurant in Kuwait including cafes, lounges, and fast-food restaurants, whether via takeout or delivery. This campaign comes as part of the Bank's strategy to enhance and enrich its customers' banking experience with a range of exclusive and valuable benefits. Throughout this campaign, running for the period of December 15 to 31, Burgan Bank will give customers the opportunity to triple their reward points or Qmiles on the Burgan Rewards program. Customers can benefit from this offer by using any Burgan credit card upon paying their bill at any restaurant in Kuwait, including both ......read more

    QLM Official Insurer of Generation Amazing Festival 2021

    QLM Life and Medical Insurance Company QPSC, a Qatari shareholding market leader in its industry, upholds the country’s sustainable progress by fully supporting the Generation Amazing Festival 2021.  Mr. Ahmad Mohamed Zebeib, Deputy CEO of QLM, commends the festival’s societal role in developing the youth through football which transcends beyond sport by providing opportunity for dialogue and convergence of people from different cultures as it waves the  theme, “All in.”  The festival lines up various activities ended on 18th December 2021 with the participation of delegates from 16 Arab countries whose teams compete in the first ever FIFA Arab Cup 2021 hosted by Qatar. This grand event showcases the most prominent achievements of the Generation Amazing in transforming the youth into better ......read more

    Other Top Stories from Banking and Investments
     
    Ajman Free Zone Registers 349 New Companies During The Third Quarter Of 2021

    Ali AlSuwaidi: “The great results reflect increasing confidence of companies and investors in AFZ. We will continue to serve as an ideal incubator for the growth & expansion of our business partners” Education sector marks the fastest growth in Q3 2021 with a 34 per cent rise in the number of new companies Number of new companies in advanced technology sector grows by 21 per cent in Q3 2021 Number of healthcare and food and beverage companies in AFZ grow by 21 per cent and 12 per cent respectively AFZ contributes 36% to Ajman’s total export & re-export ......read more

    Joint UAE-Bahraini Nanosatellite Light-1 Set to Launch this Week

    Constructive space cooperation between both nations culminates in region’s first project to explore gamma-ray flashes   Abu Dhabi, December 19, 2021: The joint UAE-Bahraini nanosatellite Light-1 will be launched to the International Space Station on 21 December 2021. It represents a major milestone of cooperation in space science, technology and engineering between the UAE and Bahrain. Light-1 will take off onboard a SpaceX CRS-24 flight on board of a Falcon 9 rocket after undergoing rigorous safety and environmental tests for thermal and vibration, communication systems and ......read more

    Visualising Workplace Evolution

    Herman Miller Research and Insights team presented never-before-shared perspectives on work in 2022 and beyond at Dubai Expo: 76% of knowledge workers want flexibility where they work, while 93% want flexibility when they work    UAE, 20th December 2021: The leading manufacturer of furniture and office equipment presented new insights on the future of work as part of a partnership with American University of Sharjah (AUS), IIT Institute of Design (IIT ID) at the Illinois Institute of Technology in Chicago and the USA Pavilion at an exclusive VIP event at Dubai Expo 2020 on 15th ......read more

    Ajman Free Zone signs new agreement with Ajman Chamber

    Partnership reflects both parties’ goal to provide high-quality services Ali AlSuwaidi: “We will cooperate with Ajman Chamber to improve service efficiency and enhance the competitiveness of local business community” Salem Al-Suwaidi: “Our agreement to support business continuity and provide distinguished government services to enhance Ajman’s competitiveness” Agreement to build roadmap for provision of joint services & ensure continuity of business operations and expansion of communication and coordination December 19, 2021: As part of ......read more

    Al Ansari Exchange wins Dubai Chamber's MRM Customer Excellence Award

    December 19, 2021- In recognition of its commitment to deliver outstanding customer experiences, Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has won the “Mohammed bin Rashid Al Maktoum (MRM) Customer Excellence Award” in the finance category in its 1st cycle.   Given by the Dubai Chamber of Commerce and Industry, the niche award was presented to the company by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority, Chairman and Chief Executive of Emirates Airline and Group, and Chairman of ......read more

    Hot Tips That Will Help You Save on Closing Costs

    Closing costs can often be very high, especially for first-time homebuyers. There are ways to estimate your closing cost amount like using a seller closing costs calculator. You can also search for a calculator as if you were the buyer.  Because of rising home prices, they are getting more difficult to afford. What are the options available to them? The most popular is using a seller finance company, which is not available with all sellers. The second option is the mortgage broker who helps you find a lender that will give you a loan with your down payment amount at closing. It has ......read more

    Dubai South Inks Deal with Huawei to Develop Smart Transportation Ecosystem

    • IOC, Wifi6, IVS and cloud deployment planned at Dubai South   UAE – 16 December 2021: Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate has announced a strategic partnership with Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices. The new partnership entails the adoption of innovative digital technologies and solutions from Huawei to enable intelligent, connected and sustainable communications infrastructure, data management, transportation, ......read more

    Ajman Free Zone signs strategic partnership with Al Habbai DKH

    Ajman Free Zone (AFZ) announced a new collaboration with Al Habbai DKH in line with its efforts to expand partnerships with various services providers to effectively meet business partners’ needs. The partnership reflects AFZ’s keenness to enhance the delivery of services, facilitate foreign investors’ journey, upgrade value-added services and solutions, and accelerate the completion of business set up requirements such as health insurance, visas, and licensing. H.E. Eng. Ali AlSuwaidi, Director General of AFZ, explained that this new partnership aims to increase the ......read more

    UR Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS

    December 15, 2021:  UR Islamic Bank for Investment, a privately-owned bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions. UR Islamic Bank for Investment provides Shari’a-compliant financing products and services with a strong focus on customer needs driven by specialised industry insights, technological innovation, and the highest commitment to service quality. The bank took a decision to replace its legacy system with ICS BANKS Islamic Banking ......read more

    Advisory Board for Global Aerospace Summit 2022 Outline Pressing need for Decarbonization and Private Sector Growth

    14, December 2021 – Abu Dhabi, United Arab Emirates:  The Advisory Board for the Global Aerospace Summit 2022 was attended by some of the most senior decision makers in the aerospace sector who outlined topics that need to be urgently addressed to advance the international aviation, aerospace, space and defense sectors. The board included high level representatives from Airbus, Boeing, Collins, Lockheed Martin, Lufthansa Technik, Raytheon Emirates, Saab, Safran, Sanad, Thales, Defense Services Marketing Council and Knighthood Capital. The Advisory Board see the Summit as a ......read more

    A Year of Success: QNET Receives Seven More Awards

    Direct selling company receives new accolades from Globee, VEGA, and MarCom awards    Dubai – 14 December 2021: The e-commerce based direct selling company QNET has received seven new awards in the last two months at the 2021 Globee Awards, VEGA Digital Awards, and MarCom Awards. The awards recognise the world's most innovative and creative businesses, with QNET joining the podium alongside global brands such as Nike, Accenture, Salesforce, Cisco, Mastercard, PepsiCo, and more.  The Globee, VEGA, and MarCom wins are the most recent honours in a long chain of ......read more

    Zoho Collaborates with 'Startups Without Borders' to Empower Budding Migrant Entrepreneurs with Tech Resources

    — Zoho granted the winners of the EdTech Awards access to its cloud-based products, one-on-one consultation on MVP building and free training  — Regional Director MEA, Ali Shabdar is participating in a panel discussion on the future of work Dubai - December 12, 2021:  Zoho Corp., the global technology provider, has teamed up with Startups Without Borders (SWB), a global platform connecting migrant and refugee entrepreneurs to opportunities and resources to build their businesses, to support six budding startups who won the EdTech Startups competition ......read more

    UAE came first in the Arab world, and 11 Globally in the Global Knowledge Index

    UNDP, MBRF unveils 2021 Global Knowledge Index leaders at Expo 2020 Dubai   • Switzerland in first place globally, followed by Sweden, the US, Finland and the Netherlands • UAE came 2 globally in economy index, and 11 globally and in first place in the Arab world in the knowledge index.  • 154 countries take part in the 2021 edition of the index     Dubai, United Arab Emirates, December 14, 2021: Under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture & Arts Authority ......read more

    Ajman Free Zone signs MoU with Dubai National Insurance and Reinsurance PSC

    December 13, 2021: In line with the commitment to continuously expand strategic partnerships, Ajman Free Zone (AFZ) has signed a Memorandum of Understanding (MoU) with Dubai National Insurance and Reinsurance PSC. H.E. Eng. Ali AlSuwaidi, Director General of AFZ, and H.E. Abdulla Al Nuaimi, CEO of Dubai Insurance and Reinsurance, inked the agreement in a ceremony attended by several officials from both sides. The MoU reflects the free zone’s approach to grow its offered value-added solutions and build a unified platform for investors and companies to have easy access to various ......read more

    Network as a Service: Learnings From This Year's Cisco Global Networking Trends Report

    Dubai, United Arab Emirates, 13 December, 2021 — Cisco has published the latest Global Networking Trends Report based on a survey of 1,534 IT professionals across 13 countries. This year, the report focuses on Network as a Service (NaaS).    Responding to disruptions (45%) and accommodating new business needs (40%) were cited in the report as the top network challenges during 2021. 46 percent of respondents believe that the top benefit of NaaS will be freeing up IT resources to spend more time on strategically important work that drives business-critical ......read more

    G7CR Technologies Invests Over $1 Million in Start-Ups via Technology Services in the last Quarter

    ~Aims to invest up to $30 million to support start-ups in FY 22~ Dubai, 13th Dec, 2021: With an aim to boost the start-up ecosystem in the region, G7CR Technologies, one of the leading cloud service providers has invested over $1 Million in various start-ups via technology services in the last quarter. The ‘Start-up 360’ initiative by G7CR Technologies comes at a time when Start-ups, SMEs and SMBs are relying on Cloud Technology for technical and business edge.  3 Startups from UAE with the potential of a becoming a unicorn have already joined the program. The company ......read more

    Al Ansari Exchange and Bill & Melinda Gates Foundation Sign $10 Million Agreement to Improve Regional Healthcare

    December 12, 2021-  Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, and the Bill & Melinda Gates Foundation pledged USD 10 million through the foundation’s matching program to support healthcare humanitarian programs in the Middle East and Africa region. This announcement comes during a meeting held in Dubai between Bill Gates, the co-chair of the Gates Foundation and Mohamed Ali Al Ansari, the chairman of Al Ansari Exchange to discuss the importance of supporting the global efforts to improve healthcare and the important role ......read more

    Chile holds 'Honey Week' as it Steps up Market Penetration in the UAE, Middle East

    Branded Chilean honey has been making inroads to the regional market riding on its nutrition value and anti-bacterial benefit Dubai, December 12, 2021:  The Republic of Chile is holding a 'Honey Week’ in the UAE starting December 11, 2021, as part of the Latin American country’s participation at the Expo 2020 Dubai, with a host of companies highlighting their branded honey products throughout the week. In a statement, Chile Pavilion spokespersons said the activity has been conceived in the backdrop of the increasing acceptance and presence of the country’s honey ......read more

    DP World UAE Honoured with the Mohammed Bin Rashid Al Maktoum Customer Excellence Award

    The award affirms the entity’s exceptional business performance and customer-centric approach that drives growth for the UAE and the GCC  Dubai, United Arab Emirates, December 12, 2021: DP World UAE, the leading smart trade enabler won the 1st Cycle of the Mohammed Bin Rashid Al Maktoum Customer Excellence Award. Held under the patronage of H.H. Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai, the awards recognise leading organisations in the categories of business, innovation and customer excellence. Previously, DP World UAE ......read more

    Bologna Fiere Introduced at Expo 2020 Dubai

    12, December 2021 - Dubai, UAE: With a focus on four international events – COSMOPROF, the world's leading trade fair for the entire beauty industry; SANA, the International Exhibition of Organic and Natural Products; MARCA by Bologna Fiere, Private Label Conference and Exhibition; and ZOOMARK INTERNATIONAL, the International Exhibition of Pet Products and Equipment – BolognaFiere was at the centre of one of the initiatives promoted by the Emilia-Romagna regional administration to showcase the region's excellence at EXPO DUBAI.  Speaking at the meeting were ......read more

    Magic Fiber inventor, M-TEchX signs deal with BNP Group to Set up a Nanofiber Plant in Dubai

    With an investment of $500 million, the Nanofiber plant in Jebel Ali to generate hundreds of jobs in UAE   • Advanced production plant will be operational by the end of 2022   • M-TEchX debuts its patented ‘Magic Fibre’ nanofiber product in Middle East   • Over 10,000 people visit PLANET JAPAN by M-TEchX exhibition at Dubai Exhibition Centre, EXPO 2020 Dubai.   • 3-day exhibition showcases premier Japanese innovations, food and culture   12 December, 2021; Dubai, UAE: M-TEchX, the Japan-based pioneer in ......read more

    His Highness the Crown Prince and Bill Gates Mark Decade-Long Disease Eradication Partnership As Niger announces Elimination of River Blindness

    • Jointly supported global health initiatives between the Abu Dhabi Crown Prince and the US Philanthropist have significantly improved the lives of hundreds of millions of people   • Meeting in Abu Dhabi occurred prior to an event announcing Niger had officially eliminated river blindness, a significant milestone in the ongoing global effort to eradicate Neglected Tropical Diseases (NTDs)   Abu Dhabi, 10 December 2021 – His Highness Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi, and Bill Gates, Co-Chair of the Bill & Melinda Gates Foundation, ......read more

    Republic of Paraguay Hosted Investment Conference; Keen to Boost Trade and Investment links with Middle East and Asia

    Dubai; 09 December 2021: The South American country, Republic of Paraguay, hosted an investment forum on December 08th at Expo 2020, as part of the country’s strategic focus on attracting inward investments to the landlocked country and fostering bilateral relationship with the Middle East and Asia. The event was graced by H.E. Ambassador Estefania Laterza, National Director of Investment and Exports Network Rediex, Federico Sosa Otero, Investment Attraction Director Investment and Exports Network Rediex and José Aguero Avila – General Commissioner, Republic of Paraguay Pavilion ......read more

    Global Cisco Study Unveils Five Data-Driven Security Practices That Actually Work

    News Summary:  • Security teams with modern, cloud-based IT are more likely to maintain pace of business, as it’s twice as likely their technology is kept up to date • Integrated technology with high levels of automation can help organizations overcome challenges with the global labor and skills shortage  • The Asia Pacific, Japan and China (APJC) region leads in both zero trust and secure access service edge (SASE) adoption globally   Dubai, United Arab Emirates, December 08, 2021 — Cisco has released its latest cybersecurity report, ......read more

    Shurooq Launches 1.5-km Khorfakkan Beach Expansion Project

    • Project to be completed by Q4 2022 • Developed beach front to be expanded to 2.5 km  • Expansion will include series of restaurants, gym, fountain and related services     Sharjah, December 08, 2021: The Sharjah Investment and Development Authority (Shurooq) has announced the launch of the Khorfakkan Beach expansion project, the first-of-its-kind inclusive beach destination in Sharjah’s Eastern region. The project will expand the present 1.5-km stretch of beach to 2.5 km.   Set for completion by the end of 2022, the project ......read 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 ......read more

    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 ......read 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 ......read 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 ......read 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 ......read more

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