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    Featured in Banking and Investments
    Massive ‘Invest in Sharjah' Presence At India's Most Important International Business Event

    7,000 Indian companies operate in Sharjah Al Musharrkh: Sharjah is a gateway to markets with 4 billion consumers Sharjah, January 17, 2017:  The emirate of Sharjah, one of the prime industrial destinations in the Middle East and North Africa has made a striking impact at India’s Vibrant Gujarat Global Summit 2017, one of the nation’s most important business forums. As home to the region’s largest industrial areas, the Sharjah FDI Office (Invest in Sharjah), the promotional arm of the Sharjah Investment and Development Authority (Shurooq), occupied a significant area of the expo, with many of the department’s teams describing the exceptional investment advantages and business opportunities to a number of high-profile overseas decision-makers. Based at the immense and impressive stand, the many ......read more

    Dubai Islamic Economy Development Centre, Astana International Financial Centre Sign Memorandum of Understanding to Enhance Cooperation in Islamic Economy

    Al Mansouri: UAE hopes to enhance Islamic economy ties, forge responsible investment partnerships with Kazakhstan Dubai-UAE: 16 January 2017:  The Dubai Islamic Economy Development Centre (DIEDC) today signed a memorandum of understanding (MoU) with the Astana International Financial Centre (AIFC), to exchange expertise in the field of Islamic economy and finance, halal industry and human capital development. His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, and His Excellency Kairat Kelimbetov, Governor of AIFC, signed the MoU on behalf of the two government entities. His Excellency Sultan bin Saeed Al Mansouri said: “The agreement marks the start of a brand-new phase of cooperation between the UAE and Kazakhstan in the field of Islamic economy that is increasingly attracting ......read more

    UAE is second largest FDI recipient in West Asia

    Annual Investment Meeting AIM 2017 Welcomes Abu Dhabi Global Market (ADGM) as Key Advocate and Supporter of FDI and Growth   Dubai, UAE, 16 January 2017:  The Higher Organising Committee of the Annual Investment Meeting (AIM) 2017, to be held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, announced Abu Dhabi Global Market (ADGM) as the key supporter of its FDI report chapter which will be released at the event on 2-4 April at the Dubai International Convention & Exhibition Centre. “ADGM is pleased to be part of the AIM 2017 that brings together local and international industry leaders, policy makers, and the investment community to share best practices, discuss industry developments and establish new partnerships. FDI is a key contributor ......read more

    Mashreq - First Local Bank to launch Virtual Corporate Card

    A dynamic electronic payment platform, empowering Corporates with real-time transaction security and control Dubai – UAE, 15th January 2017:  Mashreq, one of the leading financial institutions in the UAE, today became the first local bank to launch the Corporate Virtual Card, enhancing its comprehensive product suite for Commercial Payments.  Mashreq Corporate Virtual Cards is a dynamic electronic payment platform, empowering corporates with real-time transaction security and control. This powerful tool, built on Mastercard’s In Control™ platform (ICCP), provides the highest levels of security against unauthorized and fraudulent purchases, supplemented by sophisticated reporting and reconciliation tools.  Pankaj Kundra, Head of Payments at Mashreq, said, Pankaj Kundra, Head of Payments at ......read more

    ArabPlast 2017 concluded on a successful note

      Middle East exported 19.83m tons of polyolefins to world markets in 2016 up from 18.84m tons in 2015: Dubai, UAE, 14 January 2017:  ArabPlast 2017, the international plastics, petrochemicals and rubber industry trade fair, has concluded recently with ambitious aspirations for the future of the industry locally and regionally.  Under the theme of “together we innovate”, participants in the exhibition have reiterated their determination to adopt innovative strategies in order to develop their productions’ capacities in a sustainable and effective way. “In ArabPlast 2017, participants were able to find out about the latest technologies, machineries and trends of designing products that give a better quality of life to end users,” said Satish Khanna, General Manager of Al Fajer ......read more

    ADNEC Names EDIC, Tawazun Holding and ADSB Partners at IDEX and NAVDEX 2017

    Abu Dhabi-UAE: 11 January, 2017:  Abu Dhabi National Exhibitions Company (ADNEC) today announced a sponsorship agreement between IDEX LLC and leading national and specialty defence companies including Emirates Defence Industries Company (EDIC), Tawazun Holding and Abu Dhabi Ship Building (ADSB). The agreement endorsed EDIC as the strategic partner and Tawazun Holding as the principle partner for IDEX 2017 and named Abu Dhabi Shipping Building as the principle partner for NAVDEX 2017. Luc Vigneron, CEO, Emirates Defence Industries Company, Saif Mohamed Al Hajeri, CEO, Tawazun Holding, Mohamed Saeed Al Ghas, Corporate Commercial Director, Abu Dhabi Ship Building and Humaid Matar Al Dhaheri, Acting Group CEO, Abu Dhabi National Exhibitions Company attended the official signing ceremony.  Organised by ADNEC in cooperation ......read more

    African Infrastructure Assets a Key Target for Middle East Islamic Investors

    Tuesday, January 10th  2017 - DUBAI, UAE:  Major infrastructure projects in the Middle East and across Sub-Saharan Africa are increasingly becoming a key investment target for Islamic investors, according to Project & Infrastructure Partner at Jones Day, Nadim Khan.  Billions of US dollars’ worth of project capital from the growing Islamic economy is a potential source of investment for the type of mega infrastructure that underpins economic and social development across Sub-Saharan Africa. However, the legal and regulatory environments in key African nations will need to evolve to better accommodate the needs of Sharia investors.  “Infrastructure is the driving force behind the emergence and continued growth of Africa’s major new economies. And in order to sustain their trajectory and ......read more

    Digitisation is becoming the most common trend among MENA businesses, says new Canon study

    76% of MENA organisations believe that printing or copying documents is “essential” or “very important” for them  Report says MFDs have significantly improved productivity for around 50% of all end-users Middle East, 10 January, 2017:  Technology is shaping the future for businesses and digital documents and information are both driving companies forward and challenging them in new ways. According to Canon’s Office Insights report, digital documents are essential to workplace productivity and scanning has become a vital business element and its use is increasing.  According to the report, 76% of MENA organisations believe that printing or copying documents is “essential” or “very important” for them personally. While scanning is seen as very important by ......read more

    Citrix Announces Significant Business Updates at Citrix Summit 2017

    Acquisition of UniDesk, Roadmap to the Cloud, and Secure Mobility for Partners and Customers Among Highlights  Dubai, UAE. – January 10, 2016:  Citrix has announced at Citrix Summit 2017 its acquisition of UniDesk, the pioneering force behind developing the Windows application packaging and management technology known as layering. Also highlighted were solutions, tools and support services designed to enable customer progression to the cloud at various stages of the migration process. This comes as demand for an architecture that allows customers to manage workloads on their current infrastructure, while having the ability to migrate to one or more clouds grows considerably.  UniDesk is a market leader in application layering, allowing for unique advantages that streamline secure app delivery and VDI ......read more

    Middle East's multi-billion-dollar aluminium industry continues solid upward growth

    Global industry gears up for 5th edition of the region’s largest aluminum event, Aluminum Middle East 2017, being held in Dubai from 15-17 May 2017 Economic diversification set to further boost the region’s multi-billion-dollar industry Over 200 exhibitors from 30 countries expected to participate Dubai, United Arab Emirates; January 10, 2017:  Aluminium Middle East, the largest event of its kind in the region, will once again showcase the Middle East’s growing industry at its 5th edition being held from 15-17 May 2017 at Dubai International Convention and Exhibition Centre (DICEC). The exhibition will feature more than 200 exhibitors from 30 countries, and is expected to attract over 3,500 industry professionals from over 90 countries. This year, the Middle East posted the second highest ......read more

    Jafza issues new company regulations

    Sultan bin Sulayem: Changes reflect needs of an ever evolving market  Dubai, United Arab Emirates, 10 January, 2017:  Jebel Ali Free Zone (Jafza), a DP World Company, and the UAE’s flagship trade and logistics hub for the Middle East region and Africa, has issued a new set of guidelines for the Jebel Ali Free Zone Companies Implementing Regulations 2016 that enables foreign companies to transfer and continue operations in the free zone without the need to open a branch or establish a new company. For the first time, Jafza has brought together all the legal entities such as the Free Zone Establishment (FZE), Free Zone Company (FZCO) and Branches under one regulation and has introduced a new legal definition such as Public Listed Companies (PLC). Companies can restructure and rearrange their operations by converting ......read more

    Dubai International Financial Centre Launches ‘FinTech Hive at DIFC', the Region's First FinTech Accelerator, Supported by Accenture

    FinTech Hive at DIFC aligns with Dubai Plan 2021, empowering entrepreneurs to innovate and meet specific market needs Accelerator is aimed at transforming DIFC into a global FinTech innovation hub linking the US, European and Middle East, African and South Asian markets DUBAI, United Arab Emirates, 10 January 2017:  Dubai International Financial Centre (DIFC), the financial hub for the Middle East, Africa and South Asia (MEASA) region, and Accenture, a leading global professional services company, today announced the region’s first FinTech accelerator in Dubai.  Set to launch in the first quarter of 2017, FinTech Hive at DIFC, will bring cutting-edge financial services technology to the MEASA markets, while providing a platform that brings financial and technology firms together. Its goal is to increase access ......read more

    Government of India Honours Dr. Seetharaman

    Dubai, January 10, 2017:  Dr. R. Seetharaman, Doha Bank CEO was conferred with the Pravasi Bharatiya Samman Award (PBSA) by the Hon’ble President of India, Shri Pranab Mukherjee at the PRAVASI BHARTIYA Divas Convention on 9 January 2017, which is the highest honour conferred on overseas Indians by the Government of India in recognition of their achievements both in India and abroad. The PBSA was conferred was for his significant contribution to building closer links between India, the overseas Indian community in GCC and their GCC Countries and for the welfare of the local Indian community in GCC.  Some of the key initiatives brought by him include arranging Credit and Investment facilities to Indian corporates and FIs. Facilitated average annual remittances to India over last decade, created employment opportunities ......read more

    Google Appoints New Managing Director for its Business in MENA

    Dubai, UAE, January 9, 2017:  Google announced today that Lino Cattaruzzi has joined its business in the Middle East and North Africa to lead its operations as their new Managing Director. Lino Cattaruzzi comes with over twenty years of experience in the tech industry where he previously led the Google business in Mexico as Country Director and before that Argentina. Cattaruzzi also spearheaded the global Sales Strategy team for Online Media Solutions at Google’s headquarters in California; and was in charge of the Online Sales Organization for Germany, Switzerland and Austria while based out of Dublin.  Lino comments “After eight years at Google, I am excited to start a new challenge within the company and look forward to working with some very talented Googlers here in the Dubai office. I find the MENA ......read more

    UnionPay collaborates with Mashreq Bank to launch Quickpass in the UAE

    Mashreq Bank will be the first bank in the Middle East to launch UnionPay’s contactless payment service.  Dubai, UAE, 09 January 2016:  Global payment network UnionPay International and Mashreq Bank have announced a collaboration to bring QuickPass – UnionPay’s secure and efficient proprietary contactless payment service – to the United Arab Emirates for the first time.  QuickPass enables consumers to pay for goods and services by tapping their QuickPass card at a Near Field Communication (NFC) point-of-sale (POS) terminal. The card uses technology to provide a secure method to make purchases via a credit or debit card without the need to enter a PIN number, vastly improving the speed of the transaction.  Han Wang, General Manager at UnionPay international Middle East, said: ......read more

    TAG Heuer and Zenith join forces to create the LVMH School of Watchmaking in partnership with the LVMH Institut des Métiers d'Excellence

    Two manufactures with a shared vocational training program, accompanied by an introduction to the disciplines of craftsmanship, creation and sales, as part of the partnership with the LVMH Institut des Métiers d’Excellence (vocational training program). Dubai, UAE, January 8, 2017:  Transmission of expertise, encouraging learning, promoting equal opportunities… LVMH highlights and sustains traditional crafts via the apprenticeship training programs offered by its companies. This will not include the discipline of watchmaking.  Following the ceremony to mark the start of a new year at the Institut des Métiers d'Excellence in Paris on 18th October, which saw the first official promotion of the LVMH School of Watchmaking, TAG Heuer and Zenith will today open the new School. Under the leadership of ......read more

    Air Miles Partners With Marka to Welcome in the New Year

    Dubai, UAE, January 7, 2017:  Following the announcement of the partnership between Air Miles Middle East and Marka PJSC (DFM: MARKA), the first public joint stock retail operator in the UAE  in July 2016, Air Miles customers can now take advantage of a great new offer with Marka. For the first time, Air Miles customers will be able to redeem 7,000 Air Miles (usually the minimum redemption is 14,000 Air Miles) for an AED 50 voucher to spend at any of Marka’s 19 brands including Cheeky Monkey’s, Reem Al Bawadi, Modell’s and Taste of Italy in the UAE. This offer will run for one month from 1st January 2017 – 31st January 2017. This latest offer follows a prize draw last month where two lucky Marka customers won 1 million Air Miles.  To find out more information about collecting and redeeming ......read more

    GAC HSSE Awards Recognise Practical Improvements

    Dubai, United Arab Emirates, 5 January 2017:  The results of GAC’s 2016 Chairman’s Awards for HSSE Excellence again reflect the positive impact of small, practical steps to improve the health, safety, security and environment of the Group’s companies. 29 entries were received for the annual Award, which was started as the Chairman’s Award for Environmental Excellence in 2012 and extended in 2015 to also encompass health, safety and security initiatives.  Measures to reduce oil wastage during the maintenance of the HullWiper ROV earned GAC EnvironHull the top prize. Maintenance teams working on the eco-friendly hull cleaning system identified the need to cut down on spilled oil and the financial and environmental costs involved. GAC EnvironHull responded with a three-pronged ......read more

    Xpress Money Christmas Promotion brings joy to receivers in the Philippines

    Promotion also catalyses 20% increase in customer acquisition for Xpress Money across UAE, Qatar and KSA. Dubai, 5 January 2017:  Xpress Money, one of the most dependable money transfer brands in the world, has announced the winners for its special Christmas promotion - ‘Pamaskong Handog ng Xpress Money’ - for its Filipino customers. The campaign, which ran from October 25th to December 8th 2016, gave Filipinos receiving money from their loved ones in the UAE, Qatar and KSA a chance to win exciting cash prizes. All transactions sent from these countries to the Philippines during the promotion period automatically qualified for electronic lucky draws.  The campaign, which distributed PHP 50,000 to 10 grand prize winners, and PHP 5,000 sums to another 100 beneficiaries, saw Xpress Money increase new ......read more

    Sharjah Plans for a Bold New Future

    Second Sharjah Forum to take place on Sunday, January 8 at the Mleiha Archaeological and Eco-tourism Project   Forum will host international experts and discuss an array of economic initiatives designed to take the emirate forward  Sharjah, January 4, 2017:  Sharjah Investment and Development Authority (Shurooq)’s bold plans to boost the economy of Sharjah will be outlined at the Second Sharjah Forum, which is being held on Sunday, January 8 at Mleiha Archaeological and Eco-tourism destination, kick starting from 9:00am until 3:30pm.  Titled ‘The Future of Sharjah,’ the event is being hosted under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah Crown Prince, Deputy Ruler and Chairman of the Executive Council; and is held under the presence of ......read more

    Empower registers 255,000 client-servicing transactions in 2016

    Dubai, UAE, 4 January 2017:  Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, said that it has registered 255,000 client-servicing transactions in 2016 ranging from face to face client servicing in the branches, telephone calls and e-mail correspondences.  This represents a breakthrough in the use of modern methods and techniques in managing day to day queries and transactions at Empower as the company has accommodated the increasing number of customers reflecting the expansion of its district cooling network in Dubai. “In 2016, our client servicing department has seen significant development of advanced technologies in order to keep abreast of increasing demand. Via these technologies, we were able to cater to the needs of the year 2016, which has ......read more

    FX Update: USD needs to get its engines revving

    Time for the USD rally to kick back into high gear after ugly holiday wobble USD bulls should rumble once more, barring any data pitfalls US ISM surveys and NFP are this week's most important data releases Dubai, UAE, January 4, 2017:  The strong run-up in interest rates eased markedly just after their latest surge around the December 14 Federal Open Market Committee meeting. So with perfect hindsight, it appears that bond markets saw a sell the rumour, buy the fact pattern around that meeting, with a large subsequent consolidation that has coincided with a pause in the USD rally.  With liquidity returning to the market in the New Year, the end-of-quarter, end-of-year mentality out the window and no change in the fundamental setup, it would seem time for the USD bulls to rumble once again, provided the US ......read more

    Kamal Vachani, Group Director of Al Maya Group meets H.E. Mr Yash Sinha in London

    Courtesy meeting of Kamal Vachani, Group Director of Al Maya Group with H.E. Mr Yash Sinha, who has taken over as High Commissioner of India at Indian High Commission, London last December, 2016.

    ...read more

    Ginolis Expands Globally with First Asia Pacific Office in China

    Dubai, UAE, January 4, 2017:  Ginolis Ltd, a leading provider of assembly automation and high precision liquid handling solutions for the diagnostic and medical device industries, today announced the opening of its first Asia Pacific office located at Century Financial Mansion in Suzhou, China. The representative office will provide sales and technical support to Ginolis’ customers in China and the Asia Pacific region. The company’s intelligent desktop automation solutions, most notably the Lateral Flow Device Assembly (LFDA-3) system, have been very well received in China. “The opening of our first office in Asia is a great milestone for Ginolis. The diagnostics and medical device market in Asia is rapidly growing and there is a great potential for Ginolis’ automated assembly solutions,” states ......read more

    5 New Year's Resolutions for Leaders

    Simple ways to become the best leader possible in 2017 By Mike Hoff, Certified Gazelles International Coach and Founder of MHC Dubai, UAE, January 4, 2017:  Whether you want to be more inspirational or need to learn the latest in recruitment trends, make 2017 your best year with these top five New Year’s resolutions to improve your managerial style and lead your team to success. Delegate more As a leader, you should never be afraid to delegate jobs and responsibilities to your team members. Unfortunately, many leaders forget this and try to micro-manage instead. This has a dramatic impact on the company and employee satisfaction, with a 2015 study by employee engagement firm, TINYpulse, showing that employees who felt micromanaged were 28% more likely to leave their job. As a leader you need to trust that the ......read more

    Other Top Stories from Banking and Investments
     
    Software AG ends ‘Digital Business Day' in Riyadh on a high note

    January 17, 2017: As part of its ‘Digital Future Tour’, Software AG recently  held its marquee event, the ‘Digital Business Day,’ in Riyadh, Saudi Arabia in association with the Kingdom’s National Information Center (NIC). Executives from leading Saudi organizations gathered for the one-day event to learn how to effectively harness the power of cutting-edge technologies to fast-track their Digital Transition.  Held at the Four Seasons Hotel with Devoteam as the Platinum event partner and Scheer Consulting as the Gold event partner, this year’s ......read more

    DuPont Named Clarviate Analytics 2016 Top 100 Global Innovator

    UAE, January 16, 2017 – Clarviate Analytics has named DuPont a 2016 Top Global Innovator for the sixth consecutive year. The program, based on proprietary data, recognizes the most innovative corporations and institutions in the world that shape the future through the development and commercialization of breakthrough technologies. “Each and every day, DuPont scientists and engineers translate discoveries to valuable new products and technologies for our customers,” said Senior Vice President and Chief Science & Technology Officer Douglas Muzyka. “We are honored ......read more

    Imdaad signs MoU with Al nokhba Model School in Dubai to build state-of-the-art STEM laboratory and library

    January 14, 2017 – As part of its contributions to help improve human capital skills in the country in accordance with UAE Vision 2021, Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, has expressed its optimism for the year 2017 and has forged a strategic partnership with Al nokhba Model School in Dubai to convert a huge hall at the school’s campus into a state-of-the-art Science, Technology, Engineering and Mathematics (STEM) laboratory and a library to encourage reading. Imdaad signed a Memorandum of Agreement (MoU) with Al nokhba ......read more

    Imdaad generates AED 500 million in revenue in 2016 to record 8 to 10 per cent growth over previous year

    Rebrands visual identity with a new logo to complement its strategy for expansion & innovation January 09, 2017:  Imdaad, the GCC’s leading integrated facilities (FM) company based in Dubai, has expressed its optimism for the year 2017, registering an estimated revenue of USD 136.1 million (around AED 500 million) in 2016, which is an increase of 8 to 10 per cent. In addition, the company has successfully signed a few major contracts with the region’s leading companies in the last quarter of 2016, enabling it to generate more business than the previous fiscal ......read more

    Hisham Wyne helps Mashreq Bank announce new vision and mission

    International MC, presenter and speaker sparked engagement from 600-strong audience December 2016: Mashreq, one of the leading banks in the UAE, hired international presenter, speaker and moderator Hisham Wyne to assist in disseminating the brand’s new values at a gala dinner held at Dubai’s five-star JW Marriott Marquis hotel in December 2016. The high-powered event was attended by Mashreq CEO Abdul Aziz Al Ghurair and a host of the bank’s most senior decision-makers. The event’s 600 strong audience were taken through a schedule of team-building activities, ......read more

    Statement by H.E. Ahmad bin Meshar Al Muhairi Secretary General of the Supreme Legislation Committee

    The 4th of January concludes a series of extraordinary achievements, and witnesses the launch of a new era of progress under the wise leadership of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who redefined the principles of ambition, excellence and wisdom through his leading achievements and pioneering vision since he took over the reins of the government ten years ago. This has instilled in us the spirit of courage, strong will, and relentless determination, in our pursuit of excellence, which has no finish line. The SLC is ......read more

    beIN establishes six owned-and-operated retail locations to better serve UAE customers

    United Arab Emirates, 04 Jan 2017: beIN, the regional leader in pay-TV and entertainment industry, announced its entry into UAE’s retail sector with the launch of six beIN owned-and-operated locations.  These six locations have been inaugurated in prestigious Majid Al Futtaim Malls across Dubai, Sharjah, Ajman and Fujairah.  The company plans to expand its presence in Abu Dhabi and also further launch new locations in Dubai in the next couple of months. beIN’s strategy of establishing its own retail locations is a reflection of the company’s vision to provide ......read more

    Amlak successfully renegotiates restructuring terms with its Financiers

    Dubai, UAE 3 January 2017:  Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, today announced that it has successfully renegotiated certain parts its restructuring terms with its financiers. In 2014, Amlak Finance PJSC successfully completed its restructuring paving the way towards the company’s shares being readmitted for trading on the DFM and the resumption of normal business activity.  In September 2016, Amlak approached its financiers to waive a number of restrictive covenants, which included adjustments to certain restrictions to ......read more

    Steelcase Releases 2016 Corporate Sustainability Report

    Company Celebrates Achievements in Sustainability, Community Involvement and Diversity   Dubai, UAE, January 3, 2017:  Steelcase Inc. (NYSE:SCS) is celebrating notable progress of the company’s sustainable performance around the world with the release of its 2016 Corporate Sustainability Report. Over the past year, Steelcase pursued a number of continuous and coordinated efforts to demonstrate the company’s commitment to being a responsible corporate citizen and partnering with customers, dealers, suppliers and communities to make meaningful change. Last year, the ......read more

    Oman ORIX Leasing Company raises USD 25 million bilateral term facilities from regional banks

    Dubai, 3rd January, 2017:  Oman ORIX Leasing Company SAOG (“Oman ORIX”), one of the leading Non-Banking Finance Companies (“NBFC”) in Oman, has successfully raised USD 25 million bilateral term facilities from regional banks.  The term facilities were provided by BBK BSC (“BBK”) and the National Bank of Ras Al Khaimah (“RAKBANK”) and will be utilized by Oman ORIX to fund its leasing finance business. Alpen Capital LLC, Oman acted as the sole financial advisor to the transaction. The signing ceremony with BBK took place on 18th ......read more

    2016 Was a Year of High Achievements for Sharjah, Says Crown Prince

    EMIRATE CONTINUES ITS MARCH OF PROGRESS ON ALL FRONTS; UNVEILS SEVERAL DEVELPMENT PROJECTS AND INITIATIVES FOR PEOPLE’S WELFARE   SHARJAH, January 2, 2017:  His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council, has asserted that Sharjah’s developmental march continues on all fronts, thanks to the Emirate’s practical plans and programmes which have contributed to quality achievements derived from the guidance and vision of His Highness Sheikh Dr Sultan bin Mohamed Al ......read more

    Menacorp ranks first on Dubai Financial Market and Nasdaq Dubai for 2016

    January 2, 2017: Menacorp has been ranked the number one securities brokerage firm in Dubai for the full year 2016 in terms of trade value and market share, according to official data published by the Dubai Financial Market (DFM) and the Nasdaq Dubai. The investment firm topped 49 competing companies to take the highest position on the DFM and posted an impressive 60.51 % market share for equity futures trading on Nasdaq Dubai, becoming the undisputed leader on this newly launched market.  Menacorp has maintained its leading position on the DFM in continuation since 2013. The company ......read more

    10 Questions You Need To Ask Your Bank

    Dubai-UAE: 31 December, 2016:  As the New Year approaches, it brings with it new expectations, new aspirations and new resolutions. Along with shedding a few kilos, picking up a new skill or travelling to a faraway land, it’s also time to get a handle on your finances. Here are a few questions for your bank as a first step in this direction. Ask all the usual questions, even if you know the answers: What are the benefits of banking with you?  With any bank, the list is bound to be long. Checking account, savings account, debit card, credit card, cashback rewards, ......read more

    MAZ Go Business 3rd Annual Seminar attracts financial and accounting leaders to discuss key issues

    Market intelligence and networking platform builds momentum as it gathers senior industry decision-makers in third outing. Dubai 29 December,2016:  MAZ Chartered Accountants, the region’s leading audit, taxation, financial and management consultancy has held its 3rd MAZ Annual Seminar. The Seminar’s third iteration built on previous years’ success to curate a powerful platform where professionals accessed industry intelligence, developed contacts, improved professional networks and kept pace with a dynamic and constantly changing field. “The 3rd MAZ ......read more

    Ericsson and SpeedCast International announce global partnership

    Ericsson selects SpeedCast International Ltd as its satellite connectivity solution partner Agreement to provide seamless communication globally between ship and shore, supporting end-to-end solutions for the maritime sector New communications services are immediately ready for use Dubai, UAE, December 29, 2016:  Ericsson (NASDAQ: ERIC) and SpeedCast International Ltd have entered into a strategic agreement which leverages both organizations’ global capabilities to create a strong partnership in the global maritime sector, enabling both companies to expand their ......read more

    UAE Banks Federation Supports 2017 Fraud Conference Middle East as a Strategic Partner

    Dubai, UAE, December 28, 2016:  The UAE Banks Federation (UBF), the professional body representing 49 banks in the UAE, announced today its whole weight contribution as strategic partner for the 2017 ACFE Fraud Conference Middle East, set to take place in Dubai from 29-31 January 2017 at Atlantis, the Palm.  Held under the patronage of His Excellency AbdulAziz Al Ghurair, Chairman of UAE Banks Federation (UBF), the event is hosted by the Department of Economic Development (DED), Government of Dubai, in partnership with the Association of Certified Fraud Examiners ......read more

    Strategic partnership between Dubai Quality Group and Ajman Free Zone

    Dubai, UAE, December 27, 2016:   Ajman Free Zone (AFZ) signed an investor partnership agreement with Dubai Quality Group (DQG) to activate fruitful cooperation between both parties to foster quality, business excellence, and innovation in the workplace. The signing ceremony was attended by senior officials from both the organizations. The delegation from DQG was headed by Eng. Ahmed Al Mulla, Vice Chairman of DQG, who presented the Certificate of Membership to HE Mahmood Khalil Al Hashemi, Director General of AFZ, in appreciation for its investment in DQG’s strategies and ......read more

    Al Ansari Exchange allocates AED 25 million to support the initiative

    UAE, December 26, 2016 - In response to the declaration of 2017 as the ‘Year of Giving’ by H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has allocated AED 25 million to support charitable and humanitarian work in the upcoming year. The move reinforces the company’s desire to support the national efforts in positioning the UAE as a regional and global leader in the field of development and humanitarian aids in line with the UAE Vision 2021. Mohammed Ali Al Ansari, ......read more

    CMCS inks deal with ‘Computer Line Associates' for distribution of TMS solution in the Middle East

    UAE, December 26, 2016 - Collaboration Management & Control Solutions (CMCS), the leading in Project Management Information Systems, has secured a partnership agreement with ‘Computer Line Associates’, the leading provider of planning and engineering software. The latest collaboration allows CMCS to market, sell and implement TMS -- an ‘Add In’ software application, to their clients in the Middle East. TMS is the most comprehensive application designed to ‘Support & Report’ the progress for any kind of projects right from small and simple to ......read more

    Industry partners commit to NFV interoperability testing initiative

    To further enhance Network Functions Virtualization (NFV) industrialization and support the Open Platform for NFV (OPNFV) project, Cisco, Ericsson, Huawei and Nokia signed Memorandum of Understanding to create the NFV Interoperability Testing Initiative (NFV-ITI). The main objective of NFV-ITI is to promote competition and create industry alignment on generic principles for NFV interoperability testing and support for specific customer situations.  NFV-ITI will address NFV multi-vendor interoperability challenges for communication service providers, enabling them to optimize NFV ......read more

    Nikai bags prestigious Sheikh Khalifa Excellence Award

    Dubai, UAE, December 26, 2016: ​  Nikai Electronics, a part of the Nikai Group of Companies, has been honoured with the Sheikh Khalifa Business Excellence Award (SKEA) in the Commercial sector. The prestigious award, an initiative of the Abu Dhabi Chamber of Commerce & Industry, aims at providing continuous improvement and enhancing competitiveness within the business sector in the UAE.  The coveted award was conferred to Nikai at a ceremony held recently at the Emirates Palace, Abu Dhabi and was graced by the presence of Lieutenant-General His Highness Saif Bin ......read more

    TASC Outsourcing is the first talent solutions company in the region to win the Sheikh Khalifa Excellence Award 2016

    Dubai, UAE, December 26, 2016:   TASC Outsourcing’s quality and excellence in recruitment and talent management have been recognised by the prestigious Sheikh Khalifa Excellence Awards (SKEA) 2016. TASC is the first staffing company in the region to win this award. It has been honoured with the award in the Silver Category for excellence in the Small and Medium Enterprises Sector. The award was presented by Lieutenant General His Highness Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, to Mr. Mahesh Shahdadpuri, CEO of TASC Outsourcing on Tuesday at a ......read more

    Al Habtoor Group and Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development Sign Memorandum of Understanding

    26 December 2016 -  DUBAI, UAE:  The Al Habtoor Group signed a Memorandum of Understanding (MoU) with Mohammed Bin Rashid Establishment for SME Development at the Al Habtoor Group head office.  The MoU, for a period of one year, constitutes an understanding of collaboration between Al Habtoor Group and Mohammed Bin Rashid Establishment for SME Development where the Al Habtoor Group will give priority business to members of Dubai SME proving they can supply a competitive service.  Dubai SME was established in 2002. It was created as an integrated division of the ......read more

    Empower to support UAE's 2017 Year of Giving

    Dubai, United Arab Emirates, 26 December 2016:  As part of its corporate social responsibility towards the UAE society, Emirates Central Cooling Systems Corporation (Empower), the largest provider of district cooling in the world, announced its support and participation in the Year of Giving initiative that was launched by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE yesterday (24th December, 2016).  The launch of "Year of Giving 2017" follows the conclusion of 2016 as the Year of Reading that has achieved amazing results locally and wider ......read more

    Ministry of Health and Prevention successfully holds workshop covering the study of creating an improved unified national database of patient records

    UAE, 24 December, 2016 - The Ministry of Health and Prevention (MOHAP) has successfully hosted a recent workshop covering the study of creating an improved unified national database of patient records in the UAE. The event, which was organized in coordination with the Abu Dhabi Health Authority (ADHA), the Dubai Health Authority (DHA), the Emirates Identity Authority (EIDA), Medical Services of the Armed Forces and Pure Health with the chief aim of creating and facilitating a better patient transfer process and a smoother flow of exchanging a patient's medical information between public ......read more

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