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    Featured in Banking and Investments
    First Forum to Build HR in the Insurance Sector Takes Place in Dubai

    Willis Towers Watson and Emirates Insurance Association address the challenges of the Insurance sector Dubai, United Arab Emirates – 27 February 2017:  Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, and Emirates Insurance Association have hosted today the first HR forum for the Insurance sector in the Middle East. The “Building HR in the Insurance Sector” event is a joint initiative between the two organizations and was focused on the key people and HR issues the insurance sector face on a daily basis.  “This forum comes at a critical time of the industry,” said Dr Ahmad Waarie, Managing Director for Middle East and Head of Talent & Rewards CEEMEA, at Willis Towers Watson. “Insurers are facing pressure from regulative reform, ......read more

    Ajman Chamber of Commerce & INDEX Conferences & Exhibitions Sign a Memorandum of Understanding (MoU)

    “To Develop a Study for Ajman International Convention & Exhibition Centre Project” Dubai - United Arab Emirates, 27th of February 2017:  The Ajman Chamber of Commerce & Industry and INDEX Conferences & Exhibitions, a member of INDEX Holding, have signed a Memorandum of Understanding (MoU) to develop a preliminary study for Ajman International Convention & Exhibition Centre Project that will extend on an area of one million square feet. The project will include exhibition and conference halls, two hotels, a shopping mall and a fully integrated health centre. The MoU was signed by H.E. Abdullah Al Muwajai, Chairman of the Ajman Chamber of Commerce & Industry and Dr. Abdul Salam Al Madani, Chairman of INDEX Holding, at the Ajman chamber; and it was attended by a number of local and international ......read more

    IBPC has honoured Mr. Kamal Vachani with “Business Excellence Award 2016”

    The Indian Business & Professional Council (IBPC), Dubai has honoured Mr Kamal Vachani, Group Director, Al Maya Group, Regional Director, Electronics and Computer Software Export Promotion Council (ESC), President, Dubai Chapter, Global Organization of People of Indian Origin (GOPIO) with “Business Excellence Award 2016”. The award was given by H.E. Mr Abdulla A. Al Saleh, Under Secretary, Foreign Trade & Industry, Ministry of Economy, United Arab Emirates and H.E. Dr Rashid Al Leem, Chairman, Sharjah Electricity and Water Authority (SEWA). The award was held in a glittering ceremony in Bollywood Park, Dubai.

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    People's Bank of Zanzibar Selects ICS BANKS and ICS BANKS ISLAMIC System

    Dubai, UAE, February 26, 2017:  Zanzibar, Tanzania: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that People’s Bank of Zanzibar (PBZ), a state-owned and one of the oldest commercial banks in Tanzania has selected the multi-awards winning systems ICS BANKS and ICS BANKS ISLAMIC Systems. Under the patronage of the Chairman of PBZ; HON. Abdurrahman M. The signing ceremony took place in Zanzibar, attending the ceremony were the Managing Director of PBZ Bank; Mr. Juma Hafidh, and the Executive Director for Business Development of ICSFS; Mr. Wael Malkawi and the Territory Manager for East Africa of ICSFS; Mr. Nidal Bashaireh. Following the signing ceremony, the Managing Director of PBZ Bank; Mr. Juma Hafidh stated; “We are always ......read more

    MENA Sovereign Borrowing To Decline By 20% To $136 Billion, Report Says

    Dubai, UAE, February 26, 2017:  Middle East and Northern African (MENA) sovereign borrowing will slow down in 2017, after increasing sharply in 2016. This is according to a report titled "Sovereign Debt 2017: MENA Borrowing Is Expected To Decline By 20% To $136 Billion," and published today on RatingsDirect. "We project that the 13 MENA sovereigns we rate will borrow an equivalent of $136 billion from long-term commercial sources in 2017. This represents a 20% decline (of $34 billion) in long-term commercial debt issuance," S&P Global. Ratings credit analyst Trevor Cullinan said. In 2017, $28 billion (about 20%) of MENA sovereigns' gross borrowing will be used to refinance maturing long-term debt, compared with $24 billion in 2016, resulting in an estimated net borrowing requirement of $108 ......read more

    Sheraa hosts Startup Weekend – helps launch startups in 54 hours

      The winning team ‘Asmani’ - an Arabic audio content platform – will have full access to Sheraa’s incubator and a suite of other benefits to bring their entrepreneurial dreams to reality Sharjah, United Arab Emirates, February 25, 2017:  Committed towards harnessing the entrepreneurial energy of youth to pioneer new businesses, Sheraa hosted 2017’s inaugural Startup Weekend at its state-of-the-art hub in American University of Sharjah. The Startup Weekend event is part of the global movement coordinated by TechStars and supported by ‘Google for Entrepreneurs’. In this edition, Sheraa provided a platform to over 200 participants to kick-start their entrepreneurial journey and set up their maiden business ventures.  The 54-hour competition featured members from ......read more

    Mohammed Bin Rashid Praises AL Gergawi's Sincere and Responsible Performance in Dubai Holding

    Dubai Holding Commercial Operations Group records net profit AED 6.32 billion and revenues grow to AED 16.84 billion  Mohammed bin Rashid: We thank Mohammed Al Gergawi for his excellence in the different responsibilities he was overlooking, his performance in Dubai Holding was exceptional and we appreciate his service to his countries in the different fields Mohammed bin Rashid: Dubai Holding added real value to our national economy, and Mohammed Al Gergawi is a role model for responsible, successful and sincere officials AlGergawi: Proud to contribute in translating part of the vision of Highness Sheikh Mohammed Bin Rashid Al Maktoum who transformed the face of economy and the way of managing businesses and governments in the region AlGergawi: Dubai Holding projects had become an essential part of the economy and the ......read more

    At a gathering with the employees of Zonescorp, HE Falah Al Ahbabi says: We believe in an open–door policy and welcome any suggestion to develop our workplace

    Abu Dhabi, UAE, 25th February 2017:  Following a decision by H.H. Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces to reform board of Zonescorp on the 30th of January 2017, Zonescorp conducted its first gathering with all the employees which was held in par to the first meeting of the board. The aim of this gathering was to improve channels of communications and strengthen relations between all parties at ZonesCorp.  HE Falah Al Ahbabi, Chairman of ZonesCorp said: ‘The aim of the meeting is to engender a culture of trust and communication within in Zonescorp and this involves listening to all perspectives and views, and consider ways improve the various aspects of the business. This is an important step in improving the overall efficiency of ......read more

    Dar Al Sharia Wins ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award'

    Dubai, UAE; February 23, 2017:  Dar Al Sharia, a subsidiary of Dubai Islamic Bank, won the ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’ in a glittering and prestigious ceremony held at Madinat Jumeirah in Dubai. Group CEO of Dubai Islamic Bank, Dr. Adnan Chilwan received the award from His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, on behalf of Dar Al Sharia. Launched by the Dubai Chamber of Commerce and Industry in cooperation with the UAE Ministry of Economy, the ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’ is currently the nation’s highest level of recognition for companies who deploy outstanding, innovation driven strategies and business practices. The inaugural cycle of the Award has resulted in the adoption of new technological ......read more

    Dubai Free Zone Council Approves Strategic Plan, Reviews Achievements of 2016

    His Highness Sheikh Ahmed bin Saeed Al Maktoum Chairs fifth Council Meeting  Council Plays Key Role in Supporting Free Zones Dubai-UAE: 22 February, 2017:  In his capacity as Chairman of Dubai Free Zone (DFZ) Council, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of the Emirates Group, presided over the fifth council meeting. Held at the Executive Council Office in Emirates Office Tower, the council reviewed during the meeting the accomplishments of 2016 and assessed the progress of current projects. The members approved the council’s balance sheet and profit and loss statement for the 2016 financial year, as well as the strategic plan. In addition, they discussed the federal law regarding value-added tax and evaluated potential collaboration with ......read more

    ADCB honoured with two prestigious Mohammed Bin Rashid Al Maktoum Business Innovation Awards

    Abu Dhabi, 22 February 2017:  Abu Dhabi Commercial Bank (ADCB) was yesterday honoured with the Mohammed Bin Rashid Al Maktoum Business Innovation Award and  the Outstanding Award for Business Innovation. The significant awards were conferred to ADCB in recognition of its contribution in the field of Business innovation which has resulted in a superior customer experience. The award ceremony was held at the Madinat Jumeirah Arena in Dubai and was attended by Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai and top government officials. Instituted by the Dubai Chamber of Commerce and Industry (Dubai Chamber) and held under the patronage of H.H. Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, the Mohammed Bin Rashid Al Maktoum Business Innovation Award ......read more

    Facebook's #SheMeansBusiness to Enable Opportunities for 10,000 Women in MENA by 2018

    Potential for significant growth of SMB community as women currently run only one-third of SMBs in MENA  Across the UAE 74% of people are already connected to at least one business in a foreign country; in Egypt and in Saudi Arabia the figure is at 63% February 22, 2017, Dubai UAE:  The role of women in the economy is widely recognized as a key driver of progress. Interestingly, research shows if we increased women's participation in the workforce, in the Gulf Cooperation Council (GCC) region alone, it would add $180 billion [1], or 7 percent, to the economy in 2025, forming the backbone of a thriving entrepreneurial ecosystem across the wider MENA region.  To foster this opportunity, Facebook is launching #SheMeansBusiness to train women entrepreneurs on how to leverage their online presence for their ......read more

    Investing in digital payments and ICT sectors through AKA Partners

    Ali Kassab connects the region with simplified payment solutions Dubai, February 22, 2017 UAE businessman, Ali Kassab, is leading the region’s digital revolution and changing the way companies manage payment solutions. The entrepreneur has recently ventured into private equity funding with the launch of AKA Partners. His firm will be investing in fin-tech businesses across the Middle East region, starting with Wow Pay MENA, a digital payment platform. He has also been appointed CEO of MBME, a veteran in the payment industry which is the leading kiosk payment solution provider in the UAE. Since the company’s formation in November 2016, AKA Partners has made three key investments into the digital payments and ICT industries over the last two months. A joint venture with a leading Abu Dhabi-based group, Wow Pay MENA is ......read more

    DIB awarded prestigious Human Resources Development Award at 19th National Career Exhibition

    Dubai, 22 February 2017:  Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received the Human Resources Development Award during its recent participation at the 19th edition of the National Career Exhibition at the Sharjah Expo Centre.  Held under the patronage of His Highness Dr. Sheikh Sultan bin Mohammed Al Qassimi, Member of the Supreme Council and Ruler of Sharjah and with the support of the Sharjah Chamber of Commerce & Industry and Emirates Institute for Banking & Financial Studies, the National Career Exhibition which took place from 15-17th February, focused on guiding Emirati youth towards the right career choices by showcasing a variety of companies and industries over the course of the three days.  Commenting on receiving the award, Obaid Al Shamsi, Chief of Human Resources and ......read more

    Steelcase Research Reveals Shift in Leadership Workstyles and New, Elevated Challenges for Today's Executives

    Dubai, United Arab Emirates, 22 February 2017:  A shift in emphasis from hierarchies to networks within organizations has caused fundamental differences in the way leaders work. This new dynamic requires a dramatically different office landscape, according to new research by Steelcase.  The findings from the multinational study on the changing workstyles of leaders are particularly pertinent to the Middle East. At the recent World Government Summit H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, declared that the future of the resource-rich Arab world is dependent on strong leadership. The two-year study on the behavior of organizational leadership identified changing workstyles and stressors leaders are facing today. While networked organizations can be more ......read more

    The Chartered Institute for Securities & Investment (CISI) recognises top performers in the financial industry

    Dubai, UAE, February 21, 2017:  The Chartered Institute for Securities & Investment (CISI), the largest and most widely respected professional body for those who work in the securities and investment industry globally, recently recognised top performers across a range of qualifications, helping to raise the standard of professionalism in the UAE’s financial services industry.  The Awards were presented to the five successful candidates by Simon Culhane Chartered FCSI, CEO of the CISI and Matthew Cowan Chartered MCSI, Regional Director of the CISI Middle East. The exam categories that received the most attention from candidates last year were wealth management and Islamic finance, signifying the importance of these areas for financial services professionals and consumers alike in the UAE.  Award winner, ......read more

    ICD and IAIB sign a MoU to cooperate in the development of private sector

    The Islamic Corporation for the Development of the Private Sector (ICD) and International Association of Islamic Business (IAIB) sign a MoU to cooperate in the development of private sector The two institutions are determined to collaborate on introducing Islamic banking products in Russia by attracting banks operating in accordance with Islamic principles and lobbying for changes in Russian banking legislation to incorporate Islamic banking Dubai, UAE, February 21, 2017:  The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private arm of Islamic Development Bank Group (IDBG), and International Association of Islamic Business (IAIB), signed a Memorandum of Understanding (MoU) to explore possible avenues for collaboration in enhancing business relations between entrepreneurs from ......read more

    Dubai Police Ranks First among UAE Entities Committed to Regular Saving

    National Bonds’ Employee Savings Program Registers High Uptake Dubai-UAE: February 21, 2017:  National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investments company in the UAE, today announced that Dubai Police has topped a list of 100 entities in the UAE for signing up the highest number of employees to National Bonds’ Employee Savings Program. More than 1,000 savers are now enrolled in the Tharwaty program that National Bonds designed specifically for Dubai Police personnel. Launched following a Memorandum of Understanding (MoU) that Dubai Police ratified with National Bonds in October 2016, Tharwaty aims to instil a culture of saving among Dubai Police employees.   Since signing the MoU in October 2016, National Bonds has organized several workshops and distributed ......read more

    The Pros & Cons of Debt Financing

    Please attribute to Hassan Safi, Partner at Metis Management Consultancy Dubai, UAE, February 21, 2017:  In the early stages of development, firms need cash to sustain and/or build their business. The type of financing your company needs depends on the requirements you have. There are two primary forms of financing, Debt Financing and Equity Financing -  Debt financing simply means borrowing money and not giving up your ownership. Thus, when a firm raises money for working capital or capital expenditures; it borrows cash from a bank or lender or any other financial institution at a fixed interest rate. Based on the conditions in the borrowing agreement, the principal amount plus interest must be paid back in full by the predetermined maturity date. Fixed installments are usually paid back to the lender to cover the loan ......read more

    Noor Takaful Signs Dubai Declaration issued by UAE Ministry of Climate Change and Environment

    Dubai-UAE: 20 February, 2017:  Noor Takaful, the Shari’a compliant insurance arm of Noor Investment Group, announced today that it has signed the ‘Dubai Declaration of Financial Institutions in the United Arab Emirates on Sustainable Finance’, which was initially launched at the United Nations Environmental Programme Finance Initiative (UNEP FI) Global Roundtable hosted by the United Arab Emirates Ministry of Climate Change and Environment on 25-26 October 2016. The agreement confirms Noor Takaful’s commitment towards adopting the best environmental and sustainable practices across its operations. An exclusive signing ceremony was held to mark the occasion. Rajesh Sethi, CEO of Noor Takaful, signed the agreement in the presence of senior officials from both the Ministry of Climate Change & Environment ......read more

    Mashreq customer walks away with Range Rover Evoque 2017

    Save & Win campaign announces grand prize winner Dubai – UAE, 20th February 2017:  Mashreq, one of the UAE’s leading financial institutions, recently announced the Grand Prize winner of the ‘Liability Balance Builder Campaign’. During the Campaign Period (September to December 2016), each month 10 customers won 22kt gold coins and one customer won a luxury Breitling watch. By the end of the campaign, a total number of 40 customers had walked away with Gold Coins and 4 customers with a luxury Breitling watch each. Upon conclusion of the Campaign, the Grand Prize - Range Rover Evoque 2017 – was announced, which was won by Mr Mohammad Sajid. The keys of the new car were handed over to the Winner at the Bank’s Deira Headquarters. Subroto Som, Head of Retail Banking at Mashreq commented. ......read more

    Collaboration between GCC banks and FinTech companies likely to rise as demand for digital solutions increases

    70% of bankers find the GCC banking sector open to integrating FinTech innovations  60% of bankers suggest FinTech innovations could enhance customer service and reduce cost Dubai, UAE; February 20, 2017:  According to a FinTech survey conducted by EY, 70% of the participants find that the GCC banking sector is open to integrating FinTech innovations that could help enhance consumer experience and streamline their operations. More than 60% of the participants thought that FinTech innovations could help them enhance consumer-centricity and reduce cost. The EY survey looked the views of conventional and Islamic banks in the GCC towards FinTech related matters and their perception on the impact that FinTech could have on the GCC banking sector.  Two-thirds of the survey respondents suggest that the GCC banking ......read more

    CEO says: “2017 will be our most exciting year ever at SOHAR”

    SOHAR signs significant new project agreements for 2017 Land reclamation area in Port will accommodate new investors Innovation Zone planning underway in SOHAR Freezone Dubai, UAE; February 20, 2017:  SOHAR Port and Freezone revealed updated performance figures during its annual Business Reception at The Chedi in Muscat last week. Despite generally lower revenues and a slump in activity in the global maritime industry, throughput at SOHAR was up again and topped an average of one million tonnes a week for 2016. Container traffic was up by 15% compared to 2015, break bulk up by 18%, and liquid bulk throughput increased by 12% year-on-year. SOHAR received well over 2,600 vessel calls in 2016, also a significant increase in numbers despite the global trend towards larger ships.  The new Food Zone was one of the ......read more

    Rockwell Collins announces new leadership for its expanding Middle East region

    Talel Kamel appointed Managing Director and Bernard Bouillaud named Sales Director for the Middle East, Turkey and North Africa Company doubling its regional business development team during 2017 ABU DHABI, United Arab Emirates, February 19, 2017:  Rockwell Collins today announced it is increasing its local presence in the Middle East region and appointing new leadership. Although the company has a 20-year presence in the Middle East, it is expanding operations as part of its commitment to help strengthen the industrial capabilities of the regional defense and aerospace industry in this strategic market. Through its solid foundation in the Middle East, Rockwell Collins plans to accelerate its growth through partnerships and collaboration with regional entities.  “During 2017, we plan to double the ......read more

    Diversification will lead to new strategic alliances between Qatar and South Korea

    Dubai, February 19, 2017:  Doha Bank hosted a Knowledge Sharing Session on “Changing Global Dynamics and Opportunities” on Thursday the 16th February 2017 from 6.30 pm at Lotte Hotel, Seoul, South Korea. H.E Mr. Kim Jin-Soo, Secretary General, Korea Arab Society attended the event. The event also witnessed participation from Qatar embassy, Oman embassy and Kuwait embassy in Seoul, South Korea. The top executives from major Domestic banks and MNC banks in South Korea participated in the event. Senior officials from all major corporates in South Korea also attended the event. The Welcome Speech was given by Dr. LIM, Se Hee, Director General, International Cooperation Department, Financial Supervisory Service.  In his Keynote Speech Dr. R. Seetharaman, CEO of Doha Bank gave insight on global economy. He said ......read more

    Other Top Stories from Banking and Investments
     
    DAFZA supports Dubai's economic diversification strategy at Gulfood 2017

    UAE, February 27, 2017 –As part of its efforts to meet the current and emerging needs of the regional and global food and beverage (F&B) sectors, the Dubai Airport Freezone Authority (DAFZA) has announced its participation at Gulfood Exhibition 2017. Taking place from February 26 to March 2, 2017 at the Dubai World Trade Centre, the trade exhibition will provide DAFZA with a global platform to showcase its competitive advantages and business-friendly environment suited for leading international F&B companies. The 22nd edition of the world’s biggest food and hospitality ......read more

    Department of Economic Development – Ajman successfully organizes monitoring campaigns to help combat proliferation of unauthorized roaming vendors

    UAE, February 27, 2017 - The Department of Economic Development - Ajman (DED-Ajman) has successfully implemented an intensive inspection campaigns aimed towards combating the proliferation of unauthorized roaming vendors across Ajman, particularly in key areas like Alhilliu, Mowiahat, Rowdha and Tella. The efforts are part of a continuing control campaign supervised by the Directorate of Control and Consumer Protection, DED-Ajman. Mohamed Masoud Al Kutbi, Director for the Directorate of Control and Consumer Protection, DED-Ajman, emphasized on the dangers and risks posed by unauthorized ......read more

    Al Ansari Exchange and SriLankan Airlines signs agreement to facilitate ticket payments

    UAE, February 25, 2017- Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has recently signed an agreement with SriLankan Airlines, the national carrier of Sri Lanka. According to the terms of the agreement, SriLankan Airlines customers will now be able to make payments through more than 170 UAE-wide Al Ansari Exchange branches. The service will be available during the second quarter of this year onwards. Rashed Ali Al Ansari, General Manager of Al Ansari Exchange, said: “In line with our efforts to enter into corporate partnerships that add ......read more

    Al Ansari Exchange honored at 9th Cycle of the Mohammed Bin Rashid Al Maktoum Business Award

    UAE, February 23, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has been recognized at the 9th Cycle of the Mohammed Bin Rashid Al Maktoum Business Award, a member of Mohammed Bin Rashid Al Maktoum Global Initiatives Foundation (MBRGIF), held at Madinat Jumeirah Arena in Dubai. The company was conferred with the Mohammed Bin Rashid Al Maktoum Business Excellence Award (MRM) for creating highly competitive business environment that promotes trade, business development, and job creation, contributing towards sustainable growth of the GCC ......read more

    Logistics firms benefit from emerging technology with digital transformation

    February 22, 2017: With the global expansion of online technologies, the concept of Digital Transformation within the Supply Chain sector has become very essential. The current methods of communication and operations management between the industry’s partners and business owners are now being managed via digital platforms. The sector’s professionals are reinventing the wheel with Digital Supply Network (DNS) that unites the physical flow of information as well as exposing the talents and simplifying the financial models. In line with its efforts to keep up with the developing ......read more

    Financial Services Businesses Must Be Prepared to respond to rising cyber-risks

    Cyber security expert reveals businesses can expect to face sophisticated attacks and breaches at some point, if they have not already. CISO Council partners with MEFTECH and will highlight ways to prevent breaches and methods to minimize the impact of them at MEFTECH 2017. Data protection and cloud security will be two of the topics discussed at the leading financial technology event. Abu Dhabi, 19th February 2017:  Cybercrime is not a new phenomenon, it’s just getting more sophisticated and severe with organized cyber criminals working as an industry. All businesses ......read more

    Investment Opportunities at Global Village are Now Open for Season 22

    Dubai, 18th  February, 2017:  Global Village, the region’s first-ever multicultural festival park, has announced the opening of its registration process for the participation of potential investors and partners for its 22nd season 2017-2018. The registration is open to interested investors across various categories including pavilions, retail outlets, restaurants, services, kiosks and much more at a local and international level.  Global Village welcomes entities to benefit from the platform it provides as an opportunity to showcase new ideas to multi-cultural ......read more

    H.H Sultan Al Qasimi witnesses the dynamism and innovative potential of startups supported by Sheraa's inaugural accelerator program

    Ten startups demonstrate their business ideas in the presence of His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah UAE’s first university-based accelerator program out of Sharjah sets a major milestone to inspire a new generation of entrepreneurs  Sharjah, United Arab Emirates, February 18, 2017:  In the esteemed presence of His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, Sheraa unveiled its cohort of new entrepreneurs on a Showcase Day following the completion ......read more

    Amlak Awarded Prestigious CSR Label for Second Consecutive Year

    Dubai, UAE 18 February 2017:  Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, recently has been awarded the prestigious Dubai Chamber Corporate Social Responsibility Label for 2016. This marks the second consecutive year which Amlak Finance has received this recognition. The award was presented by H.E. Majid Saif Al Ghurair, Chairman of the Dubai Chamber of Commerce and Industry at a ceremony held at the Chamber’s head office on February 14th. The label recognizes Amlak’s ongoing efforts to integrating socially responsible business ......read more

    ICS Financial Systems Named a Leader in World Finance 100

    Dubai, UAE, February 18, 2017:  London, UK: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that it has been named a member of the “World Finance 100” in recognition of its excellence in the field of banking solutions. Each year World Finance compiles the list of 100 individuals and companies – not according to capitalisation figures or growth, but purely on excellence in their field. Research undertaken by the team at World Finance, along with the finest insight from the ......read more

    Berger Paint's ‘Colours of Arabia' Campaign Wins Gulf Sustainability and CSR Awards

    Recognising And Inspiring Positive Change - The Most Coveted CSR Award In The Region  Dubai, United Arab Emirates (February 16, 2017): Awards International has announced the winners of the 2017 Gulf Sustainability and CSR Awards during the ceremony held at Jumeirah Creekside Hotel, Dubai on February 15, 2017. The CSR initiative of Berger Paints, ‘Colours of Arabia’, has bagged the award under the ‘Cause-related Marketing campaign’ for the entire Gulf region. This category has recognized all marketing campaigns that highlight the importance of a particular ......read more

    BAE Systems at IDEX 2017: A focus on national security, border integrity and critical infrastructure protection

    Abu Dhabi, UAE, February 16, 2017:  BAE Systems’ participation at IDEX 2017 is built around a range of technologically enhanced defence solutions across land, sea, air and cyber. These technologies provide capabilities to provide sophisticated and resilient protection for people, national security, critical infrastructure and borders.  BAE Systems’ Regional Managing Director for Middle East, Julian Donald, said: “The technologies and solutions we have at IDEX allow governments to protect their citizens but also achieve the goals of their important national ......read more

    RAK Chamber explores expansion of economic and investment partnership with Belgium

    Ras Al Khaimah – UAE, 16 February 2017:  Ras Al Khaimah Chamber of Commerce and Industry hosted a high-level Belgian delegation led by Pieter De Crem, Belgian Secretary of State for Foreign Trade, to explore investment opportunities, enhance economic relations between both sides and bolster means of cooperation. The meeting was part of the Belgian delegation’s visit to the UAE, organized by the UAE Federation of Chambers of Commerce and Industry in cooperation with the Arab-Belgian-Luxembourg Chamber of Commerce, from 12-17 February to discuss joint investment ......read more

    INJAZ Al-Arab Launches 2nd Edition of ‘Expand Your Horizon' Initiative

    2017 partners include Marriott International, MBC, General Electric, Bayt.com and Deloitte Launch follows successful 2016 edition which resulted in over 11,500 applications and the creation of 100 private-sector internships UAE, Dubai - 16th February, 2017:  INJAZ Al-Arab, the regional office of Junior Achievement Worldwide, today launched the second edition of its highly successful “Expand Your Horizon” (EYH) initiative. Designed to empower youth to take up careers across a broad range of private sector industries, the campaign now in its second year, brings together ......read more

    EY named most attractive employer in the Middle East among the Big 4

    According to Universum’s Most Attractive Employer Rankings 2016 EY considered the most attractive employer among the Big 4 in the UAE, Saudi Arabia, Qatar and Kuwait EY ranked second in Egypt and third in Lebanon among the Big 4  Results highlight EY’s commitment to developing the region’s future business leaders Dubai, 15 February 2017:  EY was named the most attractive employer among the Big 4 by business and commerce students in the UAE, Saudi Arabia, Qatar and Kuwait according to Universum’s ‘Most Attractive Employer Rankings ......read more

    Arab Brazilian Chamber of Commerce upbeat on presence of Brazilian companies at IDEX 2017

    UAE, February 15, 2017 - The Arab Brazilian Chamber of Commerce has announced that Brazil will participate at International Defence Exhibition and Conference (IDEX) 2017, the latest edition of the region’s only event dedicated to unmanned systems and technologies taking place from February 19 to 23, 2017 at the Abu Dhabi National Exhibition Centre. The Brazilian Defense and Security Industries Association (ABIMDE) will host 18 local companies to throw the spotlight on their products and services at a dedicated 312-square meter pavilion. The Ministry of Defense of Brazil along with ......read more

    Abdulla Al Ghurair Foundation for Education, World Bank Group Announce New Partnership to Improve Opportunities for Arab Youth

    DUBAI, February 15, 2017:  The Abdulla Al Ghurair Foundation for Education and the World Bank Group announced today a new strategic partnership focused on improving the quality and relevance of education for Arab children and youth.  The partnership will be guided by the Education for Competitiveness initiative, or E4C, developed jointly by the World Bank Group and the Islamic Development Bank Group, with the support of regional and international partners. E4C offers transformative interventions to improve education systems. These include expanding early childhood development, ......read more

    Sultan Ahmed bin Sulayem: Growing regional trade in many areas offsets global trade slowdown

    Dubai – 14 February, 2017:  Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation, said: “Many regions around the world are witnessing growth in inter-country trade values, which partially offsets the slowdown in global trade. The growth of inter-regional trade in South America and Africa reflected positively on DP World’s business performance with a year-on-year container volume growth of 3.2% in 2016, that went beyond analysts’ expectations. We also expect India and Africa to continue to enhance the growth ......read more

    DSI announces its un-audited preliminary financial results for 2016

    UAE, February 14, 2017 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional engineering and services leader, reported today, its preliminary un-audited financial results for the fiscal year ended December 31st 2016.  Financial Against the backdrop of the significant liquidity challenges in the regional construction sector, the Groups’ results for the fiscal year 2016 were impacted by major revenue reversals, profit adjustments, cost overruns, and investment impairments, emanating primarily from several disputed legacy ......read more

    PROVEN SA: Providing Foreign Business Support Services in KSA

    The leading business support service provider for corporate entities in Saudi Arabia  Providing turn key solutions for companies working within or looking to set up in the Kingdom of Saudi Arabia Specialising in range of services from corporate immigration to company representation and employee outsourcing Dubai, 14 February 2017:  Founded in 2009, Proven delivers business solutions to companies currently operating in or looking to branch out into the KSA. Proven are specialists in corporate immigration, employee outsourcing and recruitment, providing international ......read more

    Al Ansari Exchange reinforces Emiratization policy with participation at 19th National Career Exhibition

    UAE, February 13, 2017– Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced its participation in the 19th edition of the National Career Exhibition taking place from February 15 to 17, 2017 at the Sharjah Expo Centre. Through its presence in the specialized show that integrates national manpower into the UAE’s workforce, the company aims to recruit Emirati graduates for employment at its nationwide branches and offices. Aside from attractive incentives and privileges, Al Ansari Exchange offers a supportive and stimulating work ......read more

    Annual Investment Meeting (AIM 2017) to focus on capacities and challenges of Foreign Direct Investments (FDI)

    UNCTAD’s World Investment Report 2016: FDI inflows to developing economies reached a new high of $765 billion in 2015, 9 per cent higher than the previous years: Key development, trade, investment challenges and global trade and political trends will be among the agenda items to be discussed at the Annual Investment Meeting Dubai, UAE, 13 February 2017:  According to UNCTAD’s World Investment Report 2016, FDI inflows to developingeconomies reached a new high of $765 billion in 2015, 9 per cent higher than the previous years. Focusing on FDI capacity, The Annual ......read more

    Al Ghurair International Exchange Launches IMPS Service for Its Indian Customers in UAE

    24/7 Instant real-time inter-bank electronic funds transfer system to India 12 February 2017 – Dubai:  Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, has announced the launch of the IMPS Service (Immediate Payment Service) for India through IndusInd Bank. IndusInd Bank facilitates Indians in UAE to transfer funds instantly and securely to IMPS enabled banks in India 24*7*365, including Sundays and any bank holiday in India. Immediate Payment Service (IMPS) is an instant real-time inter-bank electronic funds transfer ......read more

    Dubai Wholesale City Hosts Innovation in Trade Forum to Highlight Importance of Smart Solutions, Digitization in Boosting Wholesale Trading Competitiveness

    Dubai-UAE: 12 February, 2017:  Dubai Wholesale City, the global integrated wholesale trading hub and member of TECOM Group, hosted an exclusive Innovation in Trade forum at its headquarters in Dubai Studio City. The event convened experts to discuss latest advances and trends in the wholesale trading sector and identify the steps necessary to shape a smart city platform in line with the Dubai Government’s smart city vision. Abdulla Belhoul, Chief Executive Officer of Dubai Wholesale City, attended the session that aimed at highlighting innovative technologies to create the smart ......read more

    Marsh & McLennan Companies Global Risks Report 2017 Reveals Risks that MENA May Face Over the Next 10 Years

    Technology, Financial and Geopolitical Risks Dominate MENA Risk Profile Dubai, United Arab Emirates – 12 February 2017:  Marsh & McLennan Companies Inc. (NYSE: MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, is a strategic partner of the newly published 2017 Global Risks Report, an annual publication released by the World Economic Forum at Davos. This year’s 2017 Global Risks Report reveals that economic inequality, societal polarisation and intensifying environmental dangers are the top three global trends ......read more

    Newly Restructured Najibi Investments to Drive Next Growth Phase

    SANAD Capital gets development approval for phase one of its billion dirham investment in Australia Najibi ME, Dubai announced plans to restructure some of its business interests further under its newly established Najibi Investments LLC. The move comes on the heels of receiving development approval for the company’s landmark investments in Australia’s leisure, entertainment and real estate sectors. "With the formation of Najibi Investments in Dubai, which is to become our flagship growth-driven vehicle, we are looking forward to a very exciting 2017 for our ......read more

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