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    Featured in Banking and Investments
    Zizou Bergs Triumphs At Inaugural Tie Break Tens Dubai Presented by Zone

    • Zizou Bergs overcomes Taylor Fritz in nail-biting final • Eight top tennis players competed at Coca-Cola Arena for AED 500,000 winner-takes-all prize • TB10s Dubai Grassroots Junior Tournament: Rosaleen Ali Yousef takes girls’ title and Raed Rizvi becomes boy’s champion    October 23, 2021:  Zizou Bergs triumphed at the inaugural Tie Break Tens Dubai Presented by Zone tennis tournament on Friday evening (22nd October), with an amazing victory over Taylor Fritz. In front of an enthusiastic crowd at the Coca-Cola Arena in Dubai, the 22-year-old Belgian was neck and neck with Taylor on almost every point, before he returned a lob with a smash to win him the tournament, finishing with 11 points to 9, and securing him the championship trophy and AED 500,000 prize.   The ......read more

    Burgan Bank Expands Haiba Card Exclusive Benefits to include GIG's premium insurance services

    Kuwait, 19 October 2021:  Burgan Bank has expanded the package of Haiba card benefits by introducing new premium insurance services in collaboration with Gulf Insurance Group - Kuwait (GIG-Kuwait). This enhancement highlights the Bank’s commitment to further develop and diversify its cards offers and benefits to upgrade the overall customer experience with a suite of added value services that fit their lifestyle needs.  Haiba cardholders can now enjoy through this collaboration with GIG-Kuwait the premium insurance services that include an all-risks pleasure yacht and motor insurance, in addition to a fire and risk insurance covering housing and personal belongings under the home insurance package. The new benefits bundle also includes access to first-class health insurance through FAY program, which caters to all ......read more

    PLAY-DOH Celebrates Shaping Imaginations for 65 Years

    Marking 65 years of developing creativity and imagination, PLAY-DOH launches an exclusive Ultimate Collection Pack    Dubai, United Arab Emirates – October 19, 2021 - PLAY-DOH, Hasbro’s iconic arts and craft brand is celebrating 65 years of squishing, molding, and shaping beautiful creations and messes. Celebrating this milestone, PLAY-DOH announced an exclusive Ultimate Collection Pack of 65 PLAY-DOH Cans that can be purchased at ToysRUs stores and their dedicated online website for young kids and families across the U.A.E, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain.  Celebrate colors and creativity with this 65-pack of assorted PLAY-DOH compounds including confetti, sparkle, metallic, terrain, and an all-new sapphire blue compound. With almost every color and texture of PLAY-DOH compounds in one big ......read more

    VFS Global COVID-19 Test Booking Credentials Accepted in the IATA Travel Pass

    • Verified COVID-19 tests booked through approved lab network in select locations will provide an added layer of security and save time for travellers, airlines and immigration authorities  • Now accepted on Sri Lanka to UAE (via Sri Lankan Airlines) and the US & Canada to Taipei, Taiwan (via China Airlines) travel corridors, where travellers can show their fit to travel pass after the required Covid Test   October 19, 2021:  VFS Global and the International Air Transport Association (IATA) have signed an agreement to incorporate accredited and approved COVID-19 testing laboratories into the IATA Travel Pass. Through the agreement, COVID-19 test credentials issued by participating labs will be securely transmitted to the IATA Travel Pass. The addition of VFS Global’s network of ......read more

    MBRSC Announces the Launch of Space Ventures for Startups in Space Sector

    Initiative aims to create a thriving space technology ecosystem and an innovative and synergetic Public-Private-Partnership model for the UAE’s space sector 19, October 2021:  The Mohammed Bin Rashid Space Centre (MBRSC) has announced the launch of Space Ventures, a launchpad for startups in the space sector from the region and around the world. The purpose-built ecosystem enables businesses to collaborate with MBRSC on long-term projects, gain access to technology and support, and receive aid in communicating with regulatory agencies around the world in order to achieve viability and long-term growth. Space Ventures has partnered with the leading incubators and accelerators in the region to provide the right kind of push for established as well as promising space startups. H.H. Sheikh Mohammed bin Rashid Al Maktoum, ......read more

    Burgan Bank Concludes the Arrows Program in Collaboration with AUK

    sustaining its efforts to empower talented employees and prepare the future leaders of the banking sector Kuwait, 18 October 2021:  Burgan Bank has concluded the Arrows team training in collaboration with the American University of Kuwait (AUK). This training is part of the Bank’s Ro2ya Program designed to develop the skills and expertise of the promising banking professionals and contribute to empowering the future leaders of the banking sector.  Ro2ya Program was launched in February 2020 in support of the Central Bank of Kuwait’s initiative urging all the banking sector’s players to actively engage in preparing the next generation of Kuwaiti leaders. Ro2ya aims at preparing the future senior Kuwaiti bankers at Burgan by supporting talented employees and enabling them to acquire advanced banking and ......read more

    Hotpack Global Announces Three Days Leave to Employees to Visit Expo 2020 Dubai

    About 2,000 employees of the company will be able to visit explore immersive experiences of different global cultures at the Expo.  Dubai, October 18, 2021:  Hotpack Global, the world’s leading manufacturer of disposable food packaging products, today announced that it will give three days leave to its employees in the UAE to visit the Expo 2020 Dubai. In a statement, Hotpack said that this facility with necessary support offered to employees will help them gain knowledge and understanding on the multiple cultures, innovation and sustainability on display at the Expo.  “We believe it is a rare and once-in a lifetime opportunity for our employees to amass a wealth of knowledge and awareness on the world with over 190 countries showcasing their culture, business and community profiles and their universal ......read more

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

    Kuwait – October 17, 2021:  Burgan Bank announced today the names of the daily draw winners of its Yawmi account draw, each taking home a cash-prize of KD 5,000.   The lucky winners are:  • SHAIMAA IBRAHIM MOHAMMAD  • HAMAD GHAZI ALMATAR • ABEER SHNAWAH TAHER • SHAIKH BEGUM SYED IBRAHIM  • NADEEN HASAN ALSADEK   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 ......read more

    AD Ports Group Announces Strong Revenue Growth in H1 2021, up 21% Year-on-Year to AED 1,832 Million (USD 499 Million)

    • EBITDA of AED 770 million (USD 210 million), representing year-on-year growth of 8%  • Cargo and container volumes up; new land leases in industrial zones was 2.4 million sq. metres      Abu Dhabi, UAE – October 16, 2021: AD Ports Group today announced its financial results for the first half of the year ended 30 June 2021, reporting revenue increase of 21% year-on-year to AED 1,832 million (USD 499 million) compared with AED 1,517 million (USD 413 million) in the first half of 2020, driven by organic growth, diversification into new businesses, new leases and partnerships.  EBITDA rose 8% year-on-year to AED 770 million (USD 210 million), up from AED 714 million (USD 195 million) in the first half of 2020, with growth across most of the business clusters.   Captain ......read more

    International Protein (UAE), Anda Burada (Turkey) & Shadana Yoga and SunBox from Palestine peer-selected for investment during Village Capital's Sustainability MENA 2021 Accelerato

    Each startup will receive $20,000 in funding from IFC   Dubai, UAE; October 14, 2021 — Four startups tackling some of the MENA region’s most pressing sustainability challenges were selected to each receive $20,000 in funding as part of Sustainability MENA 2021, a three-month investment readiness program run by Village Capital with support from the International Finance Corporation (IFC).    The four startups, Anda Burada, International Protein, Shadana Yoga, and SunBox, were selected by a group of peer entrepreneurs at the end of the virtual venture development program, which supported 20 startups with training, as well as access to industry experts, mentors, investors and ecosystem networks to scale their ventures.   “Over the past three months, we’ve seen the 20 startups ......read more

    Burgan Bank Receives Three ISO Certificates Confirming the Bank's Commitment to the Highest Standards of Quality and Security

    Kuwait, 13 October 2021:   Burgan Bank announced that it has received three certificates from the International Organization for Standardization (ISO) in recognition of its consistent efforts to deliver exceptional performance across all departments. The Bank was granted the Quality Management System certificate- ISO 9001:2015, the Information Security Management System certificate-ISO 27001:2013, and the Information Technology Service Management System Certificate- ISO 20000:2018.  The three certifications testify of Burgan’s consistent compliance with the highest international standards and firm commitment to improve the quality of its banking services and enhance its overall customers’ experience. The Quality Management System certificate and the Information Security Management System certificate attest ......read more

    LG Releases Preliminary Earnings For Third-Quarter 2021

    October 13, 2021:   LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2021. LG reported tentative consolidated revenues of KRW 18.8 trillion, an increase of 22 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. In line with current accounting standards, LG will include a provision of approximately KRW 480 billion in the third quarter for the recall of the Chevy Bolt EV. Operating profit of KRW 540.7 billion is expected to be 49.6 percent lower than the third quarter a year ago after reflecting the recall provision. LG Electronics terminated its mobile phone business at the end of July and is treating the Mobile Communications Company’ performance as a discontinued operating loss. Earnings for the ......read more

    Mashreq NEO to become first Digital Bank in UAE to use Facial Recognition for Bank Account Openings

    Mashreq NEO collaborates with Ministry of Interior (MOI) to introduce an innovative face biometric based digital account opening process   Dubai, UAE – 13, October 2021: As part of the efforts to implement the directives of the UAE government in enhancing the quality of life for the Emirati community and its quest to sustain scientific and digital excellence, Mashreq NEO, the full-service digital bank from Mashreq Bank, today announced that it will enable residents to conveniently open a bank account using facial recognition technology.    The initiative, launched in collaboration with the UAE’s Ministry of Interior, leverages the ministry's existing facial recognition verification system, which uses state-of-the-art technology to validate and authenticate Rightful holder of official ......read more

    GWC Showcases World-Class Infrastructure and Readiness for FIFA World CupTM as UPS Visits Logistics Facilities

    Qatar, 11 October 2021 - Strong economic growth and a strategic location are among the key advantages that reinforce Qatar as a trade and investment hub in the Middle East. The country’s logistics market has been growing steadily over the past five years - it is estimated to be valued at more than USD 7.5 billion and is estimated to register a CAGR of more than 7% during 2021-2026. The growth of the market can be attributed to the new expansion plans as the country is hosting the 2022 FIFA World CupTM.  With massive investment in infrastructure, numerous new projects, and an e-commerce boom, Qatar’s logistics sector has been expanding rapidly, a development that GWC is committed to support as a leading logistics provider and the Authorized Service Contractor of UPS in Qatar.   Following the recent ......read more

    Sahab Smart Solutions Demonstrates its Commitment to Quality with Three ISO Certifications

    Entity passes rigorous audits by the International Organization for Standardization to attain the ISO 22301:2019, ISO/IEC 27001 and ISO/IEC 20000-1:2018 standards Sharjah, October 11, 2021:  Signaling a major milestone for Sahab Smart Solutions (Sahab), the Sharjah Asset Management Holding (SAMH) affiliate, has been awarded three prestigious certifications by the International Organization for Standardization (ISO) in recognition of its unwavering commitment to the highest standards of quality. Servicing both public and private sectors in the UAE through its managed IT solutions and innovative digital strategies, Sahab’s endorsement by the world body mirrors the entity’s goal of providing diverse and innovative projects across various sectors, focusing on providing digital solutions in public services, retail, ......read more

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

    Kuwait – October 10, 2021 - Burgan Bank announced today the names of the daily draw winners of its Yawmi account draw, each taking home a cash-prize of KD 5,000.   The lucky winners are:    • NABIL ISMAIL MURAISH • MOHAMMAD ALI QABAZARD • MUSTAFA ABDULHAMEED MOHAMMAD • HASHIM  ALRIFAAI AND FAYHAA ALIYAN • SALWA ALI ALSHATTI   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 ......read more

    Financial Results For The Nine Months Ended 30 September 2021

    October 10, 2021:  QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months period ended 30 September 2021. Net Profit for the nine months period ended 30 September 2021 reached QAR10.3 billion (USD2.8 billion), an increase of 8% compared to the same period last year. Operating Income grew by 8% to reach QAR20.7 billion (USD5.7 billion) as a result of QNB Group’s ability to generate sustainable growth across a number of revenue segments. Total Assets reached QAR1,084 billion (USD298 billion), an increase of 10% from 30 September 2020, mainly driven by strong growth in Loans and advances by 7% to reach QAR766 billion (USD210 billion). Diversified mobilization of customer deposits contributed to the increase in customer deposits by 10% to reach ......read more

    Red Sea International Film Festival Launches Cinema Al-Hara

    A community outreach program aiming to demystify the world of cinema and educate the Saudi youth on acting, directing, and producing The program will be activated in four neighborhoods in Jeddah and will showcase six screenings Jeddah, Saudi Arabia – October 10th, 2021:  The Red Sea International Film Festival presents Cinema Al-Hara – a first-of-its-kind community outreach program consisting of outdoor master classes and film screenings in various Jeddah neighbourhoods. The proactive approach of the program was inspired by the idea to take the festival to the heart of the city of Jeddah and straight to the people. Cinema Al-Hara will feature six screenings in four different neighbourhoods in Jeddah. The program will run from October 9th until October 30th, 2021. Red Sea International Film Festival aims to make ......read more

    Burgan Bank Offers its Youth Customers an Exclusive Invitation to the Prescreening of “Venom” at Grand Cinemas

    Kuwait - 09 Oct, 2021: Burgan Bank announced that it is offering its Youth customers the chance to watch the prescreening of the new movie “Venom” for free at Grand Cinemas movie theatre in Al Hamra Luxury Centre.  The movie screening organized in collaboration with Grand Cinemas will be held on Wednesday October, 13th, 2021 at 8 PM. Burgan Youth account customer can book their free prescreening seats through Grand Cinemas box office at Al Hamra Centre by simply presenting their Youth ATM card starting today. The seats are limited, and each customer is entitled to 2 free tickets.  Burgan Bank strives to continuously reward its Youth account customers with exclusive offers and promotions at their favorite trendy and popular brands and outlets, in addition to great lifestyle and entertainment ......read more

    Sharjah Chamber to Participate in and Sponsor 12th World Chambers Congress held in Dubai next November

    Sharjah, October 9, 2021:   The Sharjah Chamber of Commerce and Industry (SCCI) is gearing up to take part in the 12th World Chambers Congress (12WCC), to be organized by the Dubai Chamber in cooperation with the World Chambers Federation (WCF) and the International Chamber of Commerce (ICC). Running from November 23 to 25, the event will be held under the theme « Generation Next: Chambers 4.0 », bringing together more than 1200 participants from international organisations and governments representing 100 countries around the world. To further strengthen its presence in such a prestigious event, which will be attended by chamber and business heads, economic decision-makers, representatives of governmental and international organizations and influential bodies, the SCCI will be among the key sponsors of the ......read more

    SAIF Zone Enriches its Digital Infrastructure with 36 New Services and Features

    October 9, 2021:  As part of its commitment to enhancing performance efficiency and facilitating business practice, the Sharjah Airport International Free Zone Authority (SAIF Zone) has boosted its digital services list with 36 new features, bringing its total E-services provided to customers to 284 services. In the projects section, the authority has launched the beneficial owners registration and compliance service, while the service to apply for a building permit and set up a new business was added to the rental and licensing department. These services are part of a comprehensive and integrated system to manage the experience of SAIF Zone customers with high speed and efficiency.  To further enhance customer satisfaction and happiness, the zone also provides highly professional customer care with a high ability to ......read more

    Dukhan Bank Announces the October Draw Winners of its Thara'a Savings Account Prize

    Doha, Qatar – 09, October 2021:  Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.  As the draw results showed, the bank clients Adel Al-Baker and Hamad Altamimi each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Mohamed Maddahi and Mohamed Alyafay. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry. On a monthly basis, there are 42 winners per draw for the cash prize of 5,000 Qatari Riyals each, as well as 2 winners per draw for the cash prize of 10,000 Qatari Riyals. Additionally, quarterly there are 2 winners per draw for the ......read more

    Al Khaliji Shareholders Approve Merger with Masraf Al Rayan

    ● Approval of all Extraordinary General Meeting (EGM) agenda items, including approval of proposed Merger with Masraf Al Rayan ● Suspension of trading in al khaliji shares until the completion of the Merger ● Dissolution of al khaliji for the purpose of the Merger subject to all applicable laws and regulations ● On track towards creating one of the largest, leading Sharia-compliant banks in the region   Doha - 07, October 2021: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. (“al khaliji”) today successfully held its Extraordinary General Meeting (“EGM”) electronically during which the shareholders of the bank considered and passed five resolutions pertaining to the ongoing merger (the “Merger”) with Masraf al Rayan Q.P.S.C. (“Al ......read more

    De Leeuw Appointed as the Consultant for Block 7, Abu Dhabi's New Innovation Hub

    Abu Dhabi, October 5, 2021:  Block 7, a new innovation hub in ZonesCorp’s Industrial City of Abu Dhabi (ICAD), has announced it has selected consultant De Leeuw International an ADGM company to deliver an inspirational ecosystem that will foster innovation and support global innovators.   The development of Block 7 Investment LLC, fully owned by EFIRE Capital and revealed earlier this year, will serve as an integrated ecosystem in the capital of the UAE that will drive innovation within the field of Life Sciences and Technology and realise a pure convergence of next-gen disruptors that will deliver innovative solutions for a better tomorrow.   Aijaz Ahmed, Managing Director at De Leeuw International commented on the new collaboration saying: “We take great pride in being integral part of the journey of ......read more

    Grey Doha and KidZania Inaugurate Mini-Advertising Agency for Qatar's Future Marketers

    Doha, Qatar October 5, 2021 – Grey Doha, leading global advertising and marketing agency, and KidZania Doha, the award-winning globally recognized edutainment concept, have announced the inauguration of a kid-sized mini-agency at the edutainment city located at the heart of Aspire Park, with the aim to provide children with a chance to explore the world of advertising and equip them with valuable skills as future marketers of the nation. Speaking at the launch event, Krikor Khatchikian, Managing Director at Grey Doha, said: “Grey is proud to join hands with KidZania, one of the leading Edutainment brands in the world, to unravel the exciting world of Kidz-vertising to our little ones. We are extremely happy to be part of the KidZania family and kickstart a new journey where we have the unique opportunity to nurture ......read more

    Burgan Bank Concludes the Millionaire Challenge Campaign

    Rewarding Each of the Winners with 3 Million Burgan Rewards Points   Kuwait, 5 October 2021:  Burgan Bank has concluded the Millionaire Challenge Campaign that was organized to reward customers and enhance their banking experience through Burgan Rewards Program. The names of the three lucky winners of the 3 million Reward Points were announced following the draw organized by Cards Department in the presence of Abdulaziz Ashkanani as a representative of the Ministry of Commerce.   Launched in July, the Millionaire Challenge gave Burgan’s credit card holders the chance to enter a draw to win three million Reward Program points.  During the campaign’s period, customers earned, with every purchase made using their credit cards inside or outside Kuwait, the loyalty program points that ......read more

    Middle East's First Biogas Facility now Operational, says Al Rawabi

    Project to help generate 1.3MW of green electricity, reduce company’s carbon footprint    Dubai, United Arab Emirates: 04, October 2021:  Al Rawabi, the leading juice and dairy company in the UAE, announced its large-scale biogas facility is now fully operational. A first of its kind project in the Middle East, the plant will be recycling organic waste from Al Rawabi’s operations into clean energy and is expected to generate 1.3MW of green energy.    The announcement was made to coincide with of Al Rawabi’s participation in WETEX & Dubai Solar Show scheduled on October 5-7 at the Dubai Exhibition Centr in Expo 2020 Dubai.     “As responsible sustainable company, Al Rawabi now secures a valuable part of its energy consumption from renewable sources ......read more

    Qatar Primed for Export Boost Supported by Robust Maritime Logistics Ecosystem

    Milaha’s diversification strategy and sustainable development plan boost resilience, according to Oxford Business Group’s latest Covid-19 Response Report     Doha, October 04, 2021:   A new Covid Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with the maritime and logistics company Milaha, explores the potential for the country’s international trade volumes to recover this year as national efforts to diversify the economy gain momentum. The CRR provides in-depth analysis of the country’s response to the pandemic in an easy-to-navigate and accessible format, focusing on key data and infographics relating to its socio-economic landscape.    The report shines a spotlight on the North Field expansion project, which will strengthen Qatar’s ......read more

    Middle East Investors Continue to Bet on China Assets as Over 80% Increased or Maintained Exposures Over Past 12 Months

    • 44% of regional survey respondents say their China exposure increased over the past 12 months, and 77% plan further increases in the next 12 months • Three-quarters (74%) of regional respondents expect better economic conditions in China relative to those globally over the next 12 months • COVID-19 and US-China trade tensions have increased risk appetite for asset owners around the world in relation to their China exposures • Technology themes, alternatives, top draws for investors • ESG a growing influence on China exposures   Dubai, 4 October 2021:  The vast majority of global asset owners have either increased or kept their organization’s allocation to Chinese investments in the past 12 months, according to an Economist Impact survey on global investors’ China ......read more

    Leading Saudi Companies Join BCG's Jeel Tamooh Virtual Career Fair As Program's Third Annual Edition Concludes

    Jeel Tamooh members connected with prospective employers and explored future opportunities ahead of entering full-time professional dimensions  October 4, 2021— As the Kingdom of Saudi Arabia’s (KSA) top university students graduate from Jeel Tamooh and prepare to pursue their chosen career paths, Boston Consulting Group (BCG), the global management consulting firm that leads the prestigious program, concluded this year’s third edition with a two-day Virtual Career Fair on 15-16 September. Inspired by BCG’s vision to provide career opportunities to program members and pave the way for professional ascension, the Virtual Career Fair enabled this year’s class to connect with top prospective employers as leading Saudi companies became familiar with the latest generation of emerging talent, representing ......read more

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

    Kuwait – October 04 – 2021: Burgan Bank, announced today Mr. PULAPARAMBIL SUDHAKARAN 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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    Burgan Bank Launches its Breast Cancer Awareness Month Offering in Collaboration with Kuwait Hospital

    Kuwait - 02 October 2021: Burgan Bank announced the launch of a campaign in regard to breast cancer awareness month in collaboration with Kuwait Hospital. Through this campaign, the Bank offers its customers a 55% discount on a mammogram for an early breast cancer screening. Burgan Bank is determined to have an active role in bringing positive change to the lives of the local community.  Throughout the campaign period, from the 1st to the 31st of October, all Burgan Bank female cardholders can benefit from this special discount when booking a regular mammogram at Kuwait Hospital. Kuwait Hospital is a medical services provider that offers high quality health care and top-notch services. This campaign highlights both institutions’ efforts towards the common objective of promoting the community’s health and ......read more

    Burgan Bank Offers its Customers a Free Coffee in Collaboration with Syra Coffee

    Kuwait - 30, September 2021: In celebration of International Coffee Day on the 1st of October, Burgan Bank is offering free coffee to all its cardholders in an exclusive one-day campaign in collaboration with Syra Coffee.  This International Coffee Day offer is aligned with the Bank’s strategy which is aimed at getting closer to its customers and developing sustainable relationships with them, through a wide selection of valuable best-in-class offers and promotions that suit their lifestyle.  Burgan customers can enjoy for free the taste of delicious coffee made by one of Kuwait’s best brewers at Syra Coffee, in City Tower in Kuwait City upon presenting any of their Burgan Bank cards. This offer is available throughout the day, or until sell out, with the applicable terms and conditions. Burgan ......read more

    Ogilvy Names Patou Nuytemans Regional Chief Executive Officer for EMEA

    September 30, 2021:  Ogilvy announced today that Patou Nuytemans will assume the role of Chief Executive Officer of Ogilvy EMEA. Patou will be responsible for driving all aspects of Ogilvy’s business across Europe, the Middle East and Africa which spans Public Relations, Growth & Innovation, Advertising, Health, and Experience. She takes over for Paul O’Donnell, who will continue serving in his role as Regional Chairman and partner closely with Patou. Headshots available here. Andy Main, Global CEO of Ogilvy, said: “Anyone who has had the chance to work with Patou will tell you that she not only fosters a culture of creative, strategic and operational excellence, but also leads with empathy and compassion. Throughout her career, she has demonstrated how Ogilvy can drive business-changing, life-changing ......read more

    Golden Visa Received by Mohammed Shaheen the Managing Director & CEO of Seven Capitals

    Mohammed Shaheen is the Managing Director & CEO of Seven Capitals, a leading financial broker company & The Index Today, the financial news portal covering the real-time financial market coverage. Holding a degree of Financial Analyst, from India, he moved to Dubai in 2008 with a dream of starting up his trading company ranking highest in the financial market.  The foundation of Seven Capitals was laid in the year 2011 and it globally recognized in 2012 across the world marking its presence in UK, Mauritius and Bangkok. Recently, he steered the company’s diversification into a new portal covering all the major marketing events and financial news. Mr. Shaheen’s achievements in business have earned the recognition at an international level. In January 2015, he has been ranked among top 100 Financial ......read more

    Savoye Introduces Autonomous Robotics in Middle East Supply Chain through HAIPICK Solution

    September 29, 2021 Savoye, a leading global player in the design, manufacture, and integration of automated and robotics system in logistics and supply chains, has become a partner and integrator of HAI Robotics, world leader in Autonomous Case-handling Robotics (ACR) system. The partnership is poised to bring HAIPICK solution in the Middle East, where there is a notable demand for autonomous technology solutions in the supply chain and logistics sectors.   The HAIPICK system features autonomous and intelligent functions such as robots that pick and place boxes or bins on storage shelves up to five to seven meters high and able to carry up to eight loads to continuously feed goods-to-person picking stations. Further, the solution is flexible and works well even in extreme weather environment.  According to industry ......read more

    BFL Group Poised for Strong 2021 Expecting Retail Growth by up to 8 Per Cent in Q4

    Upcoming Expo 2020 seen to boost retail demand  September 29, 2021:  Following a 19 per cent growth in sales in the first 6 months, BFL (Brands For Less) Group expressed positive outlook for its fourth quarter sales performance, which is expected to record an increase of up to 8 per cent compared to last year. This boost in sales results from a renewed sense of confidence among UAE shoppers coupled with the group’s expansion plans in Oman and Kuwait, as well as its upcoming entry into the Saudi market with home décor store Muy Mucho.  Amid economic challenges caused by the COVID-19 pandemic, BFL Group was able to implement a successful growth strategy in the GCC. The retail industry in the region is thriving, helped by both government and consumer support.  During the third quarter of this year, the ......read more

    EHS is a Pioneer in Providing State-of-the-Art Cardiovascular Services: Yousef Al Serkal

    September 29, 2021:  HE Dr. Yousef Mohammed Al Serkal, Director-General, Emirates Health Services (EHS), said that the EHS is keen to launch concrete projects and initiatives to provide sustainable solutions to cardiovascular disease, explaining that these initiatives aim to improve rates of early screening and rapid diagnosis and provide outstanding curative and therapeutic services, in accordance with best international practices and evidence-based research.   Al Serkal made the statements on occasion of World Heart Day, observed on 29 September, stressing that the EHS ramps up its efforts to develop health services related to cardiovascular diseases, by enhancing innovation in early detection and awareness-raising programs, as well as providing advanced diagnostic and therapeutic services. The EHS ......read more

    QNET Introduces ‘HomePure Complete Water Line' at Arab Water Forum 2021

    Dubai - 28, September 2021:   Continuing its commitment for environmental support, QNET, a global e-commerce based direct selling company participated in the recently concluded Arab Water Forum (AWF) and introduced their latest offering ‘HomePure Complete Water Line’, which included the HomePure Nova Water Filtration System, HomePure Prefilter 1-mc and HomePure NovaSoft.  The launch of HomePure Complete Water Line products, at the AWF, corresponded to the Forum’s overall objective since this ingenious water filtration system does not waste water nor require electricity for usage. In additional, HomePure Complete Water Line helps reducing unnecessary single-use plastic bottles that will be left in landfill.  The Arab Water Forum addressed vital issues such as Arab Water Security, ......read more

    Vedanta Partners with the Indian Government to Showcase India's Growth Potential at Dubai Expo 2020

    Celebrating the spirit of 75th year of Independence  Dubai, September 28, 2021: Vedanta Resources, one of the world's leading diversified natural resources companies in India announced its partnership with the Indian government to showcase India’s growth potential while celebrating India’s 75th year of Independence at the India pavilion in Dubai Expo 2020. The six-month long celebration commences on the 1st of October 2021 at Dubai. India is at the cusp of economic transformation and Prime Minister, Narendra Modi has set a vision that, in the coming years, the nation will grow from a USD 2.6 trillion to a USD 5 trillion economy and then eventually become a USD 10 trillion. The India Pavilion at Expo 2020 Dubai will showcase the resurgent India marching to becoming a USD 5 trillion economy.  The real ......read more

    Other Top Stories from Banking and Investments
     
    Al Ansari Exchange Enables Cross-Border Remittances to Malaysia on RippleNet Cloud with MoneyMatch

    October 19, 2021 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, expanded its partnership with Ripple, the leading provider of enterprise blockchain solutions, to deliver cross-border payments. Al Ansari Exchange will leverage RippleNet Cloud, Ripple’s global cloud-based financial network technology, to connect with leading money transfer technology company, MoneyMatch. Through RippleNet Cloud, Al Ansari Exchange will provide same-day remittances with MoneyMatch. This service will initially support transfers done in Malaysian Ringgit (MYR). ......read more

    Al Ansari Exchange sees surge in non-resident transactions in first 10 days of Expo 2020

    October 13, 2021-  Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, reported a surge in its foreign currency exchange transactions made by non-residents during the first 10 days of October 2021, coinciding with the start of Dubai Expo 2020.  According to the company’s report, the number of visitors, or non-residents of the UAE, who purchased foreign currencies during the first 10 days of this month went up by 69% compared to the same period in September 2021.   Furthermore, these types of transactions soared higher than the ......read more

    World Green Economy Summit 2021 concludes with the announcement of the 7th Dubai Declaration

    Dubai, UAE, 7 October 2021: The 7th World Green Economy Summit (WGES), held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai concluded today (Thursday, 7 October 2021). The summit, held under the theme ‘Galvanising Action for a Sustainable Recovery’ brought together many prominent speakers from across the globe, in addition to dignitaries and representatives from government organisations, academicians, experts and the media. HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of ......read more

    Leena AI Announces $30M Series B round led by Bessemer Venture Partners

    New funding underscores urgent demand for the company's highly customizable and AI-powered employee experience platform DUBAI, UNITED ARAB EMIRATES, 29th September 2021- Leena AI, the company that’s revolutionizing enterprise employee experience, today announced it has raised a $30 million Series B financing round, bringing the company's total amount raised to $40 million. New investors Bessemer Venture Partners led the round with participation from existing investor Greycroft. The round also included an investment from Facebook co-founder, Eduardo Saverin's B Capital ......read more

    Emirates Steel: Proud Contributor to Expo 2020 Dubai

    The national leading integrated steelmaker has supplied the first international Expo in the region with heavy sections, rebars and sheet piles   28 September 2021:  Emirates Steel, the leading integrated steel manufacturer in the Middle East, supplied more than 60% of the Expo 2020 Dubai rebar needed to build the central dome ‘Al Wasl Plaza’, pedestrian bridges, parks, roads, corridors, and the underpass linking Al Maktoum International Airport to the Expo 2020 site and more.    Additionally, Emirates Steel also supplied 35,000 metric tonnes of its ......read more

    Agthia Group's Shareholders Approve AED 65.31 million Interim Cash Dividend Payment for the first six months of 2021

    •       The Group’s shareholders approve the board’s proposal for an interim cash dividend payment of 8.25 fils per share. •       In H1 2021, the Group delivered promising top and bottom-line results in line with the growth strategy     Abu Dhabi, UAE - 28, September 2021:  Agthia Group PJSC, the region’s leading food and beverages company, held today, its General Assembly Meeting in a virtual setting. The meeting concluded with the Group’s shareholders approving the board’s proposal ......read more

    Arab-Brazilian Chamber of Commerce to host ‘Brazil - UAE: Economic Sustainability Forum in the Amazon Region' this October

    In the presence of the Vice President of the Federal Republic of Brazil and UAE Minister of Economy September 27, 2021- The Arab-Brazilian Chamber of Commerce (ABCC) has announced its first-of-its-kind ‘Brazil - UAE: Economic Sustainability Forum in the Amazon Region’ to be held on October 3, 2021, in Dubai. ABCC will host the forum in cooperation with the Ministry of Economy of the UAE and the Federation of the UAE Chambers of Commerce and Industry.   Top government and private sector figures led by Brazilian Vice President H.E. Hamilton Mourão and H.E. ......read more

    Arabic Casinos - Where Are They & Are They Legal?

    Gambling is forbidden in Dubai. With its strict following of Islamic laws, there are no physical casinos in sight despite the floods of western expats. Because of this, many people are under the illusion that they can gamble online. Of course, this isn’t true. Whether they’re using a VPN or not, you’re still at risk of being discovered to have broken the law. However, people make their own decisions, and many people are constantly travelling. In the event that you do find yourself in a jurisdiction that legally permits online gambling, this article will cover the best ......read more

    Majority of UAE Businesses don't Strictly Apply Customer Data Protection Policies, Despite Heavy Reliance on Third-Party Trackers and ad Platforms: Survey

    The survey also revealed that only 24% of the businesses are fully acquainted with privacy laws.   Dubai - September 23, 2021: According to a recently-released survey, 99% of businesses in the United Arab Emirates use third-party trackers and ad-platforms. However, only 68% of respondents have well-defined and documented policies for customer data privacy and a mere 8% strictly apply them, revealed the survey, which was conducted by Centurion Consulting on behalf of Zoho Corp., a global technology company.   "This rampant use of third-party trackers in the business space ......read more

    Serta brings Luxurious Comfort to DHF 2021

    Flat 40 percent off on all Serta mattresses & bedding accessories for a sound sleep every night   Dubai, UAE - Septemer 22, 2021:  The annual Dubai Home Festival (DHF) 2021 has begun and will last until September 30th. Now is the pefect time for shoppers to hop on the luxury sleep bandwahon and indulge in a well deserved shopping spree, a long due extravaganza since the #StayHome situation prevailed. Participating in this DHF, Serta is offering a flat 40 percent discount storewide. Serta, widely known as the maker of the world’s best mattress, is offering these ......read more

    Banks across Africa Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digital Innovation

    Africa’s leading banks including EcoBank, Nedbank, Attijariwafa Bank, United Bank of Africa, Co-operative Bank of Kenya and Banco Mais are tapping into IBM technologies to help advance financial inclusion across the continent September 22, 2021 – IBM (NYSE: IBM) today announced that major financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue their work to develop digital-first solutions, ultimately broadening access to financial services on the continent. COVID-19 continues to accelerate the ......read more

    Securities and Commodities Authority Signs Agreement With Dubai World Trade Centre Authority to Support Trading of Crypto Assets

    Dubai, UAE; 22 September 2021: The Securities and Commodities Authority (SCA) and the Dubai World Trade Centre Authority (DWTCA) have entered into an agreement supporting the regulation, offering, issuance, listing and trading of crypto assets and related financial activities within DWTCA’s free zone.  The agreement establishes a framework that allows DWTCA to issue the necessary approvals and licenses for the conduct of financial activities relating to crypto assets. The agreement was signed by H.E. Dr. Maryam Al Suwaidi, Acting Chief Executive Officer of SCA, and H.E. Helal ......read more

    92% of UAE Businesses don't strictly apply Customer Data Protection Policies, Despite Heavy Reliance on Third-Party Trackers and ad platforms: Survey

    Majority of UAE businesses don’t strictly apply customer data protection policies, despite heavy reliance on third-party trackers and ad platforms: Survey The survey also revealed that only 24% of the businesses are fully acquainted with privacy laws.   Dubai—September 22, 2021:  According to a recently-released survey, 99% of businesses in the United Arab Emirates use third-party trackers and ad-platforms. However, only 68% of respondents have well-defined and documented policies for customer data privacy and a mere 8% strictly apply them, revealed the survey, ......read more

    GCC economies to grow 14.51 per cent in 2021, says report

    Citing IMF figures, GCC Countries Macroeconomic Indicators report notes region’s nominal GDP to reach USD 1.6 trillion this year COVID-19 vaccine rollout & upcoming mega events such as Expo 2020 Dubai seen to fuel GDP increase September 20, 2021 The nominal gross domestic product (GDP) of the six Gulf countries, which together constituted about 60 per cent of the total Arab region’s GDP in 2020, is projected to return to positive growth in 2021. Figures from the new ‘GCC Countries Macroeconomic Indicators 2021’ report revealed that the region’s ......read more

    Majid Al Futtaim to Hire 3000 Emiratis In response to “NAFIS”

    • Majid Al Futtaim supports the UAE Government’s NAFIS programme to accelerate the nation’s development journey, while boosting the economy • Majid Al Futtaim set to hire 3,000 Emiratis across its UAE workforce and diverse portfolio, including Retail, Leisure, Entertainment and Cinemas • Renewed focus lies in Emirati talent development, training and upskilling opportunities through the Majid Al Futtaim Leadership Institute and Majid Al Futtaim Retail Business School     Dubai, United Arab Emirates, 18 September 2021:    Majid ......read more

    Nigo named Artistic Director of Maison KENZO

    Nigo named Artistic Director of Maison KENZO               ...read more

    QNET Wins Six New Industry Awards for Innovation and Social Impact

    QNET announces triumphant win at TITAN Business Awards, Golden Bridge Business and Innovation Awards, and NYX Awards Dubai, UAE, September 15, 2021:  QNET, a prominent e-commerce based direct selling company, proudly received a series of six awards for its innovative digital practices and its ongoing commitment to improving underserved communities around the world.  The inaugural 2021 TITAN Business Awards recognised businesses such as QNET, Nestle India, and Think Global Forum that demonstrate exceptional passion, influence, and credibility in their work. QNET received a ......read more

    Hitachi ABB Power Grids to Supply Step-up Transformers for World's Largest Single-site Solar Power Plant

    UAE’s Al Dhafra solar project will contribute the shift to sustainable energy Abu Dhabi,15 September 2021:  Hitachi ABB Power Grids today announced that it will supply large generator step-up (GSU) transformers, protection and telecommunication systems to China Machinery Engineering Corporation (CMEC), the EPC (Engineering, Procurement and Construction) Contractor for construction of the Al Dhafra PV2 Solar project in Abu Dhabi. Abu Dhabi National Energy Company (TAQA) is developing the plant along with Abu Dhabi's Masdar, EDF Renewables and Jinko Power. The ......read more

    Ogilvy Names Ben Messiaen Chief Client Officer for EMEA

    September 15, 2021 — Ogilvy is pleased to announce that Ben Messiaen has been named Chief Client Officer for EMEA. Shared Paul O’Donnell, CEO Ogilvy EMEA, “Throughout his career at Ogilvy, Ben has effectively galvanized teams to drive transformative ideas that create impact. He brings to this role extensive experience using the full spectrum of Ogilvy’s capabilities to generate value for our clients, especially as they continue navigating an ever-changing landscape. In his new role Ben will work in close partnership with our go-to-market team and the leaders of our ......read more

    UAE Home to Prominent Innovation Districts: Middle East Designated Leading Innovation Hub in Latest Arthur D Little Publication

    • UAE companies benefit from a co-located, concentrated innovation ecosystem and supply chain • The Middle East houses a multitude of proven Innovation Districts and centers  • Arthur D. Little report sheds light on imperative steps before future projects are pursued   Dubai, UAE – 13, September 2021:  In the new post-pandemic world of work, Innovation Districts are well-positioned to thrive. With businesses and organizations co-located in physical space for complex supply chains, they can provide flexibility, enable serendipity, and foster ......read more

    HFZA's Stand at Big Five Woos Investors with Exclusive Privileges and Offers

    Sharjah - September 12, 2021:   With the start of the Big Five Show, the Mena region’s largest building and construction show, which takes place from September 12-15 at the Dubai World Trade Center, the Hamriyah Free Zone Authority (HFZA) stand is attracting a large number of investors who expressed their willingness to visit the Zone to get acquainted with the opportunities and advantages available.   HFZA's participation in this mega event reflects its keenness to be an active element in the various economic events and activities held nationwide, in order to ......read more

    SCCI trade Mission to Moscow holds fruitful meetings to boost economic, investment cooperation

    Moscow, 12 September 2021: The Emirate of Sharjah's trade mission to Russia, headed by the Sharjah Chamber of Commerce & Industry (SCCI) and represented by the Sharjah Exports Development Center (SEDC), saw the organization of several activities as part of the Sharjah Week in Russia. One of these activities is the meeting held at the Moscow Chamber of Commerce and Industry between HE Abdullah Sultan Al Owais, SCCI, Chairman, and Vice President of the Moscow Chamber for International Relations, Sorin Oganisovich Vardanyan, to discuss areas of cooperation and coordination and ......read more

    Eureka Forbes Coronaguard Achieves 94.9% Reduction in Covid-19 Virus

    Results scientifically proven in tests carried out in a BSL-3 laboratory by the independent Dutch research organisation, TNO Dubai, United Arab Emirates, 08, September 2021: Tests done by internationally accredited laboratory TNO show that the Eureka Forbes Coronaguard achieves a 94.9% reduction in the covid -19 virus after 15 minutes in a BSL-3 lab setup. This test corroborates earlier tests done by accredited laboratories in India and Mexico which showed that the Coronaguard reduced surrogate viruses of SARS COV-2 and other coronaviruses in enclosed spaces of upto 100 square meters. ......read more

    Al Ansari Exchange Inaugurates it's 200th Branch

    September 06, 2021 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, marked a new milestone with the opening of its 200th branch in the UAE. The latest branch, located in Sahara Center new extension, is the second branch of the company in this center and one of the eight branches inaugurated across the country this year with another 25 branches planned for opening before the end of next year, in preparation for the post pandemic expected business uptake. The new branches are a testament to Al Ansari Exchange’s commitment to continuously ......read more

    Sharjah Chamber Leads Emirate's Trade Mission to Russia to Boost Economic, Investment Cooperation

    Sharjah - 05, September 2021:  The Sharjah Chamber of Commerce & Industry (SCCI) is leading the Emirate's trade mission to Russia, which will take place from 7th to 12th September in Moscow and Saint Petersburg. The visit aims to enhance the economic, commercial, and investment cooperation between the two sides, as the UAE-Russia relations are witnessing a remarkable development at all scales. The SCCI delegation will be led by HE Abdullah Sultan Al Owais, Chairman, SCCI, and includes a number of the Chamber's board members, representatives of government bodies, and ......read more

    Finnovex ME Summit 2021 to Focus on Banking Innovation and Transformation

    The platform will bring together top professionals and C-level executives from the industry to examine how technology is reimagining Banking innovation for 2021 and beyond. Dubai - September 02, 2021: Continuing the efforts to support the regional Fintech ecosystem, Exibex, the organizers of Finnovex Global Series, the leading summit on financial services innovation and excellence, is back with third annual edition of Finnovex ME Hybrid Summit. The two-day International Summit themed “Digging Deeper into Resilient and Agile Transformation Strategies” will be held on ......read more

    Herman Miller Increases Use of Ocean-bound Plastic with Aeron Chair

    The Aeron Chair Portfolio, including new colorway Onyx Ultra Matte, and other product and packaging solutions will incorporate mismanaged plastic waste found near waterways, as part of the company’s commitment to use 50% recycled content in all materials by 2030.  September 02, 2021:   Today, Herman Miller (NASDAQ;MLHR) announced that its entire portfolio of Aeron Chairs will contain ocean-bound plastic, including a new color, Onyx Ultra Matte, which contains up to 2.5 pounds (1.13 kg) of mismanaged plastic waste found near waterways per chair. These material changes ......read more

    Agthia Group Announces Further Investment in Snacking and Healthy Food Market Through Acquisition of BMB

    • Agthia’s Board of Directors approves the acquisition of BMB Group • UAE-based BMB manufactures a wide variety of innovative confectionery, healthy snacks and food products • BMB is also an incubator and accelerator of healthy food brands across multiple snacking categories • The transaction, subject to customary closing conditions including relevant regulatory approvals, would represent Agthia’s second investment in the snacking and healthy food market, following its acquisition of Al Foah earlier this year   02 September 2021: Agthia ......read more

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