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    Featured in Banking and Investments
    Schneider Electric Global Supply Chain recognized with 2020 Power of the Profession Award

    • Schneider Electric’s Smart Logistics initiative awarded Business Win of the Year and captures best in show accolades with Supply Chain Breakthrough of the Year   Dubai, UAE, July 9, 2020 – Schneider Electric, the leader in digital transformation of energy management and automation, announced it has been awarded the Business Win of the Year Award and best in show Supply Chain Breakthrough of the Year in Gartner’s 2020 Power of the Profession awards which “identify and recognize the top Supply Chain and Talent initiatives from the past twelve months that help to elevate the Supply Chain profession.” Gartner announced these awards during a live webinar June 17, 2020.   "We are thrilled to have received this recognition of Business Win of the Year and Supply Chain Breakthrough ......read more

    SAIF Zone Reopens Offices, About 50% of Staff Return to Work

    Sharjah, July 9, 2020:  The Sharjah Airport International Free Zone (SAIF Zone) has recently announced the return of 50% of its employees to offices, in accordance with certain rules and regulations developed to ensure the provision of a safe work environment. The return-to-work procedures have been completed seamlessly and conveniently, where SAIF Zone applied all the precautionary measures in the head office and its affiliated facilities, in addition to implementing physical distancing measures and preparing the offices for receiving a specified number of visitors. The Zone underlined that all the measures taken aim to maintain the health and safety of everyone and to ensure business continuity according to a distinctive work system that paves the way for further achievements. Qualitative services Commending the tremendous ......read more

    Digital Twins and AI: Transforming Industrial Operations

    By Ron Beck, Marketing Strategy Director, Aspen Technology, Inc.   Dubai, United Arab Emirates, July 07, 2020: “Digital twin” is not a new term, but paired with advancements in AI, it’s increasingly valuable in transforming industrial operations, creating additional business value.  The digital twin, which produces an evolving profile of an asset or process in a plant, captures insights on performance across the plant lifecycle (process design, operations and maintenance). It is also made increasingly more intelligent by AI agents, to the point where it can prescribe actions in the physical world, so that companies can reconfigure, in real-time, with fact-driven choices, alternate processes to mitigate issues like plant downtime or bottlenecking. With the present market uncertainty, ......read more

    Are Middle East Enterprises Prepared for the Future?

    Deloitte releases 2020 tech trends report   6 July, 2020 - Deloitte’s 11th annual report on technology trends captures the intersection of digital technologies, human experiences, and increasingly sophisticated analytics and artificial intelligence technologies in the modern enterprise. The report explores digital twins, the new role technology architects play in business outcomes, and affective computing-driven “human experience platforms” that are redefining the way humans and machines interact.    During the current COVID-19 crisis, organizations have been turning more and more to technology to enhance business resilience and continue to operate. As organizations are forced to utilize remote working where possible or take pause, many are also realizing the benefits of this way of working as ......read more

    It All Started with a Sponge- Gaetano Pesce's Revolutionary Feminist Chair “UP” On Display at BurJuman in Collaboration with Leonidas Dubai

    Dubai, UAE, 6 July 2020:  Nearly 50 years after award-winning Italian architect and designer Gaetano Pesce’s creation “UP” brought to the spotlight the prejudice, inequality and oppression women faced in the 70s, the topic is still relevant today. The popular design is currently on display at BurJuman in collaboration with Leonidas Dubai, world-renowned Belgian chocolate maker, until the 5th of September, 2020. The inspiration for “UP” came to the designer in a rather peculiar place, the shower, as he held a sponge in his hand and contemplated its ability to shrink and expand based on pressure. The unconventional style of Pesce’s gravity-defying chair - round, bulbous, curvy, yet sleek - and the accompanying ottoman, resembling a ball and chair, symbolized 70s femininity and gender ......read more

    The US Dollar is Still the Centre of Gravity

    By John Hardy, Head of FX Strategy at Saxo Bank  In our Q2 outlook, written in the heat of the worst portion of the market panic in March, I wrote that “we can’t call a bottom for the markets or peak moment for the crisis until the USD itself has turned”. With the benefit of hindsight, that is indeed what has unfolded thus far, thanks to the Fed’s mobilisation of terrifying quantities of liquidity and an alphabet soup of asset purchases and loan programmes.  Indeed, 23 March marked both the top for the US dollar and the low for most major global equity indices. Since then, an ocean of central bank liquidity has been poured out to stop the firestorm of contagion, and the USD has returned to its trading range in the period leading up to the crisis.  Here, on the cusp of Q3, one ......read more

    Champion Cleaners Launch New Home and Office Sanitization Service

    ** Champion Cleaners expand their services to cater to the growing disinfection demand **   Dubai, United Arab Emirates, July 05, 2020:   Champion Cleaners are well known for their precision and attention to detail when it comes to dry cleaning. With a mission to provide quality service and ensure the best results every time using teams of specialized technicians, they have managed to build a solid reputation in the region over the past 23 years. Given the current demand for quality sanitization and disinfectant services due to the global pandemic, Champion Cleaners has decided to expand their range of services to include home and office sanitization services to deliver peace of mind to its customers.   While Champion Cleaners’ fashion and soft furnishings sanitization services have always been a ......read more

    70 Percent of Businesses Increase or Maintain Digital Transformation Spend Amid Pandemic, IFS Study Says

    Decision-makers concerned with economic disruption 20 percent more likely to plan increased spending Dubai, United Arab Emirates, July 2, 2020 – Today’s macro-economic disruption has failed to dampen digital transformation plans, with 52 percent* of companies stating they will increase their spending on digital transformation, according to a global research study from IFS.  While many people might assume that respondents concerned with the economy would pull back on technology spending, the reality is that investment is increasing. The survey data indicates that, during these dynamic times, plans to increase spending on digital transformation tracks closely with concerns about economic conditions disrupting the business. In fact, the survey indicates that people concerned with economic disruption were 20 ......read more

    Dubai Well Poised for Growth in New Business Entities'

    Dubai, United Arab Emirates, July 02, 2020:   Dubai is seeing a steady increase in the registration of new business entities. Although there was a massive slowdown in the global economy on account of COVID-19, there has been a steady increase in new business entities registering in the UAE, in the past few weeks. This is an indication of the fact that as always, the UAE, specifically Dubai, has overcome the sluggishness in the market says Mr. Saeed Khalifa Mohammed Al Fuqaei, a UAE national who has established himself in the UAE business sector as a valued service provider. Since 2001, Mr. Khalifa has been providing Company Formation services to aspiring businessmen through his company Shuraa Management & Consultancy. Today this has blossomed into a premier Business Set Up service provider in the United Arab Emirates. ......read more

    Raising Criteria for Accrediting Real Estate Experts in Cooperation Between MOJ and DREI

    Dubai, UAE, 2 July 2020:   The Ministry of Justice (MoJ), in coordination and cooperation with the Dubai Real Estate Institute (DREI), announced the formation of a committee to interview and test applicants to register with the real estate experts’ roster at MoJ and work to prepare qualification and training programmes for those who passed the prescribed tests. The committee has approved the following classification categories as real estate experts: rental, appraisal, transaction, freehold, and general expert. Hend Al Marri, CEO of DREI, commented: “The formation of this committee is the result of a cooperation between MoJ and DREI to accredit a group of real estate experts in accordance with the best global practices. This guarantees the provision of real estate experts with a high degree of competence and ......read more

    Residential Stays Afloat in Real Estate Market Shaken by Covid-19 and Oil Slump: KPMG Report

    Dubai, UAE, 1 July 2020:   Dubai’s real estate sector has been impacted by a slew of unprecedented events, but residential market sales are surviving the current economic crisis relatively well. This is according to a new KPMG report titled Post-pandemic plans for concrete recovery, which analyzes the prospects for Dubai’s real estate and hospitality sectors in the wake of Covid-19. According to the report, Dubai’s real estate sector is facing significant challenges in the current environment. While demand may be temporarily saturated, government and industry stakeholder incentives are keeping investors engaged and many developers intend to continue projects as originally planned. Dubai’s residential supply continues to grow, despite softening market conditions. While total residential supply in ......read more

    IOC Middle East FZE (a Wholly Owned Subsidiary of Indian Oil) and RR Holdings Ltd. (the Holding Company of Beximco LPG) ink Joint Venture Agreement for LPG business in Bangladesh

    Dubai, United Arab Emirates, July 01, 2020:   IOC Middle East FZE, Dubai, a wholly-owned subsidiary of Indian Oil Corporation, India’s largest refiner and marketer of petroleum products, and RR Holdings Ltd., Ras Al Khaimah, UAE, the holding company of Beximco LPG of Bangladesh, today signed an agreement for the formation of a 50:50 Joint Venture Company (JVC) for LPG business in Bangladesh.   Mr. Dharmedra Pradhan, Hon’ble Minister for Petroleum & Natural Gas and Steel, Govt. of India, who presided over the function, said that the agreement is a major milestone in the annals of India-Bangladesh cooperation when a group company of IndianOil based in Dubai is joining hands with one of the most promising LPG companies in Bangladesh through its holding company in UAE for LPG business in Bangladesh. The ......read more

    Yahsat Names Andrew Cole as New Chief Financial Officer

    Andrew will assume his role from 1 July 2020 Abu Dhabi, UAE, 30 June 2020:  Al Yah Satellite Communications Company (Yahsat), the leading UAE-based global satellite operator, announced that its Board of Directors has appointed Andrew Cole as Chief Financial Officer (CFO). He will assume the position from 1 July onwards. Andrew joins Yahsat soon after the company boosted its leadership with four Emirati executive appointments to lead its government, commercial, operational and technical business units. Andrew has 25 years of cross-sector experience in senior finance, operational and advisory roles. From 2015 to 2019, he was the Group Financial Controller at SES, a company with a constellation of Geostationary and Medium Earth Orbit Satellites. His primary functions covered all aspects of Finance including Financial ......read more

    BofA: National Commercial Bank: Potential Acquisition of Samba could be Highly value creative: Upgrade to Buy

    EMEA Equity Research Daily Highlights BofA Global Research Media Relations   Dubai, United Arab Emirates, June 30, 2020:   Refer to important disclosures at the end of these reports (see links below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto are prohibited. If you are interested in interviewing an analyst, your request must be directed to Research Communications & Media Relations.     National Commercial Bank: Potential Acquisition of Samba could be highly value creative: Upgrade ......read more

    The Heart of Europe Strengthens Sales Team With the Appointment of Gabriela Rizova as the Head of Sales

    Gabriela Rizova brings rich sales leadership experience to spearhead the sales campaign for the Phase II of the US$5 billion Heart of Europe island tourism and second home destination off the coast of Dubai      Date: Dubai, UAE; June 30, 2020:  Kleindienst Group, developer of The Heart of Europe – the US$5 billion (Dh18.3 billion) master-planned leisure tourism and second home island destination – has strengthened its sales leadership team with a series of appointments, including appointing Gabriela Rizova as its new Head of Sales for the Heart of Europe project.   Gabriela Rizova, former Sales Director of Azizi Developments, who has overseen the sales of a huge portfolio in her previous assignment – has decided to lead the sales operations of the Heart of Europe, which is ......read more

    Commodity Weekly: NatGas Slumps, Copper Jumps as Virus Maintain its Grip

    By Ole Hansen, Head of Commodity Strategy, Saxo Bank Dubai, United Arab Emirates, June 28, 2020:   The commodity market looks set to finish Q2, or the recovery quarter, with strong gains in energy and metals. Overall, however, the Bloomberg Commodity Index which tracks a basket of key commodity futures has only managed a small return relative to other markets. The reason being is the drag from agriculture commodities, some of which have been weighed down by ample stocks and reduced demand from consumers in lockdown.  However, as we end what has been a very volatile and at times troubling first-half, driven by the worst pandemic-related slump in global growth since WW2, the outlook for the second-half remains somewhat troubling. The pandemic remains out of control in several regions while the renewed surge across ......read more

    BofA: Global Rates Weekly: Wave Theory

    Global Rates Weekly: Wave theory BofA Global Research Media Relations   Refer to important disclosures at the end of this report (see link below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto are prohibited. If you are interested in interviewing an analyst, your request must be directed to Research Communications & Media Relations. Global Rates Weekly   Global Rates Weekly: Wave theory •  Coronavirus concerns raise macro risk & curve flattening pressure in the US. YCC may see belly ......read more

    Abu Dhabi Securities Exchange (ADX) Introduces Region's First Comprehensive Sustainability Report

    Report reinforces guiding principles on Sustainable Finance  Encourages growth of sustainable investments opportunities in the UAE    Abu Dhabi, June 28th 2020:   Abu Dhabi Securities Exchange (ADX), part of ADQ, has launched today its first Sustainability Report. The report is the first across the region to be presented in such a comprehensive format and is expected to be updated annually.   The report is aligned with ADX’s growth strategy, which aims to increase the adoption of sustainable financing in the Emirate and drive capital towards investments that have positive environmental, social and governance (ESG) impacts. The report illustrates ADX’s commitment to help align the UAE’s financial system with global best practice and advance the implementation locally of ......read more

    BofA: Global Gold & Precious Metals: Gold and Gold Industry Primer – Eighth Edition

    Gold and gold industry primer - 8th edition Intended as a desk reference for generalists or new analysts covering the precious metals space, our eighth edition Gold and Gold Industry Primer tackles subjects germane to gold and the global gold producer sector. Key sections include economic drivers, gold supply and demand trends, industry fundamentals and sector valuations. For the sake of brevity, the following sections (which were in the Seventh Edition) were excluded from this primer: 1) Maps of global gold mining regions (link); 2) KPMG insights into NAV (link); 3) Mining investor red flags (link); 4) Global gold M&A trends in 2019 (link); 5) Evolution of the global gold sector (link); 6) Global gold M&A Q1'20 - (link); and 7) North American gold producer year-end 2019 reserve analysis (link).  Gold ......read more

    BofA: Follow The Flow: Consolidation Phase'

    Follow The Flow: Consolidation phase BofA Global Research Media Relations                                                                                                                                                    Dubai, United Arab Emirates, June 28, 2020: Refer to important disclosures at the end of this report (see link below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however ......read more

    HFZA Ready to Bring 50% of Employees Back to Offices

    Sharjah, June 27, 2020:  The Hamriyah Free Zone Authority, HFZA, has recently announced that all the preparations and procedures for the return of 50% of its employees to offices have been completed following the implementation of the precautionary measures to provide a safe and healthy workplace amid COVID-19 pandemic.  And in response to the directives of the Sharjah Executive Council, HFZA has taken all the preventive and precautionary measures, in terms of implementing the physical distancing between the employees, preparing offices, and identifying the number of visitors to ensure the safety of everyone, as well as conducting medical examinations for the returning employees. A healthy workplace His Excellency Saud Salim Al-Mazrouei, Director of HFZA, affirmed the Authority’s keenness to support the ......read more

    District 2020 forms strategic partnerships with Dubai SME and MBRIF to support growth of UAE start-up ecosystem

    District 2020 forms strategic partnerships with Dubai SME and MBRIF to support growth of UAE start-up ecosystem   - Dubai SME and the Mohammed Bin Rashid Innovation Fund to further support start-ups and small businesses through District 2020’s Scale2Dubai programme - The tie-ups reflect Dubai and the UAE’s proactive approach to supporting SMEs and strengthening its resilient economy through partnership and collaboration - District 2020’s innovation ecosystem will evolve after Expo 2020, carrying forward its mission of stimulating lasting economic benefits in the UAE   Dubai, United Arab Emirates 27th June 2020 – District 2020, the innovation ecosystem and future of Expo 2020 Dubai, has signed strategic partnerships with Dubai SME and the Mohammed Bin Rashid Innovation Fund (MBRIF) to ......read more

    Marking International Day Against Drug Abuse: Mohap Provides Addiction Treatment and Rehabilitation Services as Per Global Standards

    Dubai, United Arab Emirates, June 27, 2020:   The International Day Against Drug Abuse and Illicit Trafficking, which is observed annually on 26 June, aims to shed more light on the drug problem faced by the majority of the countries worldwide and its impact on the individual and society, in terms of hampering social, economic, health and educational development efforts, hence the need to enhance work and cooperation between individuals, societies and various organizations around the world. The UAE is one of the leading countries in launching specific initiatives and awareness-raising and rehabilitation programs to undermine the dire consequences of drugs. This is achieved by raising awareness of young people about the hazards of drugs within the family and educational and social institutions and formulating solutions to the ......read more

    EMEA Equity Research Daily Highlights

    BofA Global Research Media Relations   Dubai, United Arab Emirates, June 27, 2020:   Refer to important disclosures at the end of these reports (see links below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto are prohibited. If you are interested in interviewing an analyst, your request must be directed to Research Communications & Media Relations.     MENA Banks: UAE banks: Attractive opportunities despite risks ahead •  We see attractive opportunities in the UAE banks ......read more

    Transfast Partners with Habib Bank Limited (HBL) for Global Remittances

    Dubai - June 25, 2020:   Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send money to Pakistan. The remittance facility between Transfast and HBL is now available to the Pakistani expatriates globally. This partnership further strengthens Transfast’s network in Pakistan and provides an option to customers to receive money from over 1700 branches of Habib Bank across Pakistan. “HBL is one of the most esteemed financial institutions in Pakistan and it is an honor to partner with them. Transfast is fully committed to offer competitive pricing, fast transfer of funds and personalized customer engagement,” ......read more

    Other Top Stories from Banking and Investments
     
    Arab Brazilian Chamber of Commerce's Webinar to Focus on Export Financial Operations during Pandemic

    Virtual conference to tackle updates on most utilized bank payment processes July 6, 2020- The Arab-Brazilian Chamber of Commerce (ABCC) is set to host its 10th webinar as part of its ongoing series of online meetings to address issues affecting Arab-Brazil trade relations amid the pandemic. The latest ABCC-organized virtual conference, to be held on July 8, 2020, will focus on the risk investigation process involving export financial operations, in addition to highlighting bank payment procedures concerning regional imports and exports.  The event will gather Arab and Brazilian ......read more

    Arab Brazilian Chamber of Commerce to highlight tools to boost global competitiveness amid COVID-19 in upcoming webinar

    Ninth edition of virtual conference to tackle advantages of global market expansion June 30, 2020- The Arab Brazilian Chamber of Commerce (ABCC) is set to host the ninth edition of its webinar on Wednesday, July 1, 2020, as part of its ongoing bid to sustain robust trade activities and partnerships between Arab and Brazilian firms amid the current pandemic.  Titled ‘Tools for Global Competitiveness,’ the upcoming webinar will highlight effective business development strategies and devices for a more resilient market presence and leadership in Brazil and key Arab states. ......read more

    New Report From Invesco Finds Record Usd15.4bn in Gold Purchased by Exchange Traded Products in Q1 2020

    • Investors flocked to the perceived safety of the yellow metal as fears around the global pandemic spread • Gold price increases throughout 1Q2020 as real yields fall • Several gold opportunities for Middle East investors     Dubai, United Arab Emirates, 25 June 2020   A record USD15.4 billion in gold was purchased by exchange traded funds and similar products in Q1 2020 globally, equivalent to 298 tonnes, according to a new market report from Invesco. The volume highlights the depth of the coronavirus-led market shift towards ”safe ......read more

    Emerging Insight: China Rates – Bonds Supply, Liquidity, and Mixed Policy Signals

    BofA Global Research Media Relations   Dubai, United Arab Emirates, June 24, 2020:   Refer to important disclosures at the end of this report (see link below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto are prohibited. If you are interested in interviewing an ......read more

    UAE Business Leaders Embrace Intelligent Automation to Accelerate Productivity and Drive Business Transformation

    C-Suite Seeks Enterprise Automation Platform to Enable Self-Service Business Users to Achieve Immediate Benefits   Dubai, UAE— June 24, 2020 – Delivering new insights into the future of work, today Blue Prism, (AIM: PRSM) announced the findings of its annual global survey in a report titled, “The Impact of a Digital Workforce on Business Agility & Survival”. The report, based on research conducted with more than 6,700 knowledge workers and senior IT decision makers globally, reveals that in the UAE 86% see robotic process automation (RPA) as solving ......read more

    Ease of Doing Business, Security Drive Foreign Investors' Interest in Dubai

    - 51% of African investors polled during recent Dubai Chamber webinar identified ease of doing business as top advantage of doing business in Dubai, followed by security and safety (39%)   - Food & beverage, manufacturing and tourism & hospitality top emirate’s key sectors of interest   - Webinar attracted more than 100 business leaders from 32 countries across the GCC, Africa and Eurasia    Dubai, 24 June 2020:  Ease of doing business, security and location are the top advantages of doing business in Dubai, according to foreign ......read more

    Jafza Announces Robust Incentives to Help Companies Get Back to Business

    Premier free zone offers short-term warehousing facilities, deferred rentals and value-added services for new and existing businesses in post-pandemic market   Dubai, United Arab Emirates, 24 June 2020:  As economic activities return to near-normalcy across Dubai and the UAE, the region’s premier business enabler, Jebel Ali Free Zone (Jafza) has introduced a range of incentives to support its customers and new companies to resume their activities with renewed confidence in the post-COVID-19 environment. In line with the emerging market dynamics, Jafza now offers ......read more

    Ajman Bank Rolls Out MORE Rewards Program in Partnership with ICC Loyalty

    Ajman Bank has announced the launch of MORE Rewards, developed in partnership with ICC Loyalty, to provide the ultimate benefits to members while staying safe. The program unlocks a world of exciting rewards through an integrated platform while making digital payments simple, secure, and quick. Kashif Amin Thakkur, Head of Consumer Banking, Ajman Bank, said, “We are delighted to recognize and reward our customers with the launch of MORE Rewards. It is the only program in the market that rewards customers for practicing safe banking and demonstrates our progress in the direction of ......read more

    Saxo Bank Launches Loyalty Program for MENA Region Clients

    Saxo Rewards is a transparent, highly personalized scheme powered by AI and big data   June 23, 2020:   Saxo Bank, the leading fintech and regtech specialist focused on multi-asset trading and investment, has introduced Saxo Rewards, a new, highly personalized loyalty program that offers traders and investors the opportunity to qualify for account upgrades by collecting reward points.  The scheme, now available to clients across the MENA region, is an interactive and progressive program across all major asset classes including CFDs, FX, Stocks and Bonds. Clients ......read more

    EY: 54% of MENA Executives Plan to Pursue M&A in the Next 12 Months Despite COVID-19

    • 62% of MENA executives optimistic that global M&A market will improve in the next 12 months • 77% of MENA executives expect the pandemic to have a severe impact on the global economy • 80% of MENA executives say their company is undergoing a significant business and technology transformation to meet profitability goals • 92% of MENA executives are considering or making changes to their global supply chain     Dubai, UAE – 22 June 2020: Expectedly, business executives in the Middle East region are generally uncertain and cautious ......read more

    Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Security for its Digital Banking Services through Aruba

    DUBAI, UAE – 22ND June, 2020 – Cairo Amman Bank PLC. (CAB), is a public limited company located in Jordan, Palestine and Bahrain. Ever since its establishment in 1960, the Bank has been providing an inclusive range of services and successful banking solutions to fulfil the needs of its customers. CAB has deployed state-of-the-art networking technology from Aruba, a Hewlett Packard Enterprise company. The solutions have improved performance, reliability and security of all digital services including internet and mobile banking and have resulted in three times lower TCO than the ......read more

    Ogilvy Named Network of the Year by The One Show

    DAVID Miami Secures Agency of the Year Recognition   June 22, 2020 – The One Show, the world's most prestigious award show in advertising, design and digital marketing, has named Ogilvy 2020 Network of the Year in recognition of outstanding work across disciplines on behalf of its clients. Ogilvy’s focus on collaboration and big creative ideas in any form—from gaming and commerce to mobile and social media—also resulted in DAVID Miami, one of its specialty brand companies, capturing the Agency of the Year honor.  The Network of the Year honor is ......read more

    Mai Dubai's Zero Sodium Alkaline Water bags Superior Taste Award 2020

    Mai Dubai, a leading bottled water company in the UAE that is fully owned by Dubai Electricity and Water Authority (DEWA), earned this year the three-star Superior Taste Award, the highest rating given by Brussels-based International Taste Institute, the world leader in the evaluation and certification of consumer food & beverages by professional chefs and sommeliers. The award was granted in recognition of the outstanding taste and quality of Mai Dubai’s Zero Sodium Alkaline Water product. More than 200 professional taste experts gave the newly launched innovative bottled water ......read more

    Dubai Sees Pronounced Uptick in Demand for Retail Units

    Leading private developer Azizi Developments notes a 60% surge in sales enquiries for retail units in H1 of 2020 Dubai, UAE, 18 June 2020: Azizi Developments, a leading private developer in the UAE, has noted a substantial surge in demand for its 700+ retail units across its communities in Dubai. Since January 2020, the developer has sold 75 units in MBR City’s Riviera, 40 units in Al Furjan, 19 in Dubai Healthcare City, 6 in Jebel Ali, 5 on Palm Jumeirah and one in Dubai Studio City, bringing the total retail units sold to 146. With enquiries having increased by 60%, sales ......read more

    Ericsson Mobile Money: Enabler of Financial Inclusion and Development in Africa

    Hossam Kandeel: Country Manager of Ericsson Angola Dubai, United Arab Emirates, June 17, 2020:   As the world grapples with COVID-19 health crisis, more desire for all forms of contactless payments is on the rise to avoid infections and disease transmission. With mobile money, customers can make payments anywhere at any time with their mobile devices connected to the internet which decreases exposure to physical money, Point of Sales (PoS) terminals and Automated Teller Machines (ATM)– especially with high volumes of micropayments. The freedom to send, spend and receive ......read more

    ADIO Invests in Shorooq Partners' Bedaya Fund to Increase Access to Funding for Startups in Abu Dhabi

    • ADIO invests USD5 million (AED18.4 million) through its Ventures Fund, an initiative of Ghadan 21, Abu Dhabi’s accelerator programme, to support the growth of early-stage companies in the emirate  • Bedaya Fund supports the expansion of Abu Dhabi’s innovation ecosystem by deepening the pool of capital and support available for tech startups    Abu Dhabi, UAE - 17 June 2020: The Abu Dhabi Investment Office (ADIO) has invested in the Bedaya Fund to increase access to capital for promising startups in Abu Dhabi. The USD40 million (AED147 million) ......read more

    Dawex Awarded as Technology Pioneer by World Economic Forum

    For its 20th edition, the World Economic Forum appoints Dawex for its leadership, innovation and impact as a pioneer of the data economy.   United Arab Emirates: June, 17, 2020 -  Dawex, the leading data exchange technology company and the operator of the largest data marketplace, today announced being awarded as “Technology Pioneer” by the World Economic Forum and joining the World Economic Forum Global Innovators Community. Dawex will contribute to the Data Policy platform, a work group leading the Forum’s approach to data policy and data governance. The ......read more

    Tetra Pak Arabia Commits to Net Zero Emissions

    The company announces commitment to reach net zero greenhouse gas (GHG) emissions in its own operations by 2030, with the ambition to achieve net zero GHG emissions for the entire value chain by 2050       Dubai, UAE, 17th June 2020:  Tetra Pak Arabia reconfirms its strategic priority in driving the sustainability transformation by setting an ambition for net zero emissions across the value chain by 2050, supporting this with an intermediate 2030 target of net zero carbon emissions across its own operations. The company will also set emissions reduction ......read more

    Global Equity Volatility Insights: Comfortably Numb

    •  Complacency & low conviction led to the 25th largest 1 day S&P fragility shock since 1928 last week; bubbles lead fragility •  If buy-the-dip prevails, it's simply reloading the spring, as this is the new normal. Fortunately the W-trade hedged on cue •  Where to find the most complacent vol markets even after the shock     Moral hazard squared   The challenge with a market propped up on the promise of policy and divorced from fundamentals is it leaves investors with low conviction. Many get forced into chasing ......read more

    5G Estimated to Reach 80 Million Subscriptions in MENA by 2025 – Ericsson Mobility Report

    • Significant volumes of 5G deployments are expected in 2021  • Digital infrastructure critical to meeting communication needs in times of crisis • In mobile data traffic, MENA region is the highest globally with 9 times growth forecast • Fixed wireless access (FWA) connections forecast to reach close to 160 million, and account for 25 percent of global mobile network data traffic by end of 2025   5G is expected to reach 80 million subscriptions in the Middle East and North Africa (MENA) region by 2025, representing 10% of total mobile ......read more

    Champion Cleaners' Gesture of Kindness Goes a Long Way for Front-Line Workers at Medcare Hospitals

    ** Champion Cleaners give 400 complimentary service vouchers to support frontliners at this time**    Dubai, United Arab Emirates, June 16, 2020:   In light of the recent and ongoing battle against COVID-19, Champion Cleaners has partnered with Medcare Hospitals to extend their recognition and appreciation to frontline workers who continue to put their lives at risk in saving others. By donating 400 complimentary shoe cleaning and sanitization vouchers to the staff of Medcare Hospitals, Champion Cleaners hopes to in its own way, repay some of the goodwill and ......read more

    Afra Atiq, Lemn Sissay, and Carlos Gomez Bring the Power of Poetry in Next Edition of the ‘Literary Conversations Across Borders' Series

    Session date: Saturday 20 June 2020 Session timing: UAE 19.30 hours (UK 16.30 hours, New York USA, 11.30 hours)     United Arab Emirates –  15 June 2020:  An outstanding live digital event bringing together top poets Lemn Sissay, Afra Atiq and Carlos Gomez has been organised by the Emirates Literature Foundation as part of the Literary Conversation Across Borders series. The session will take place on Saturday 20 June at 19.30pm (UAE). “All three of these exceptional performance poets have taken part in the Emirates Airline Festival of ......read more

    An Overwhelming Sense of Community Further Strengthens the SME Rise Collective Efforts

    Dubai, United Arab Emirates, June 15, 2020:   The SME Rise Collective is now well into its second month of being and shows no signs of slowing down. The UAE based initiative is aimed at supporting the SME community to enable recovery and economic growth across the region by offering marketing support to those brands that need it most.    Since its inception the SME Rise Collective has been inundated with applications from SMEs for Support, but the remarkable thing about month two has been the growth of the Collective members. Initially set up by two SME PR and ......read more

    Start Your Business With Merritt Middle East

    The world is developing at a rapid rate, not only in the field of technology but also in the field of business and marketing. Many people are wondering about setting up their business in new areas in the hope of successful projects. As you wonder and spin around the whole globe, you will see several reasons you need to bring your business to the next level. Besides the whole world, you will find the only Middle East as the best place to ever start your business. The main reason is the presence of business supporting companies and a business-friendly environment there. So, if you are searching ......read more

    DAFZA's Halal Trade and Marketing Center Signs a Memorandum of Understanding with the Arab-Brazilian Chamber of Commerce

    • The Halal Trade and Marketing Center (HTMC) announces a new partnership with the Arab-Brazilian Chamber of Commerce (CCAB) during a webinar held by the chamber  • Memorandum of Understanding (MoU) will focus on expanding bilateral Halal trade and investment opportunities between UAE and Brazil • Brazil remains largest exporter of F&B products to the MENA region      Dubai, United Arab Emirates, 14 June 2020 - Dubai Airport Freezone Authority (DAFZA) has signed a Memorandum of understanding (MoU) with the Arab-Brazilian Chamber of ......read more

    BofA -  Silver & Silver Industry Primer: First Edition

    Silver & silver industry primer: First edition BofA Global Research Media Relations   Dubai, United Arab Emirates, June 14, 2020:   Refer to important disclosures at the end of this report (see link below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto ......read more

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