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    Featured in Banking and Investments
    The UAE – Poland Business Forum Reviews Cooperation Prospects and Bilateral Partnerships

    Sharjah, September 16, 2019: The Sharjah Chamber of Commerce & Industry (SCCI) organized today at its headquarters the UAE – Poland Business Forum with the aim of introducing the joint investment opportunities, exploring cooperation prospects and bilateral partnerships in various economic sectors, and paving the way for business communities from both sides to potential discuss investment opportunities. The forum comes on the side’s lines of a visit by a high-ranking Polish delegation headed by HE Katarzyna Matuszak, Director, Project Development Department. The Polish delegation comprised over 12 businessmen and representatives of Polish trade companies. Held in the presence of HE Mohammad Ahmed Amin Al Awadi, SCCI’s Director-General, Abdulaziz Shattaf, Assistant Director-General for Members Services at ......read more

    Finding the right balance between human touch and technology is the biggest challenge for companies in the Middle East

    Senior business leaders converge on Dubai for the second AI Week Middle East Delegates discuss AI adoption initiatives and challenges   Dubai, United Arab Emirates, 16 September 2019:  IQPC Middle East’s second Artificial Intelligence Week was hosted at the Oberoi Hotel Dubai and organized with the official support of the Department of Health – Abu Dhabi. Inaugurated by H.H. Sheikha Maryam Al Qasimi, Government Relations and Protocol Specialist for Lead Ventures at The Office of Sheikh Sultan bin Abdullah Al Qasimi,  and Sheikh Majid Al Mualla, Divisional Senior Vice President International Affairs at Emirates, the event saw participation from influential and leading organisations including the Prime Minister’s Office, Dubai Healthcare City Authority – Regulation (DCHR), UAE’s ......read more

    UAE-based investors to develop 5 Economic Zones in Bangladesh

    UAE-based investors present 25 investment projects at the Bangladesh Economic Forum   1. Bangladesh requires US$24 billion investment in infrastructure annually, to achieve its Vision 2021, according to Asian Infrastructure Investment Bank (AIIB).    2. Bangladesh needs US$320 billion investment only in infrastructure if it wants to become the world's 30th largest economy by 2030.   3. UAE investors have announced US$10 billion (Dh36.7 billion) worth of investment into Bangladesh   4. More than 25 projects have been discussed at the 2nd Edition of Bangladesh Economic Forum in Dubai   5. Bangladesh is developing 100 economic zones and 28 hi-tech parks foreign investors.   Dubai, United Arab Emirates -  September 16, 2019:   UAE-based investors have ......read more

    Emirates Steel to participate in the first Saudi International Iron & Steel Conference

    • Emirates Steel is a Rhodium sponsor of the event, held in Riyadh between 16 – 18 September • Steel production capacities in the GCC grew to around17Mt by 2018 and expected to add another 2Mt by the end of 2020.   16 September 2019:  Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), is participating in the First Saudi International Iron & Steel Conference, of which it is its Rhodium Sponsor. At the conference, held in the King Faisal International Conferences Hall at the Intercontinental Hotel in Riyadh from September 16-18, Emirates Steel will be showcasing its extensive range of products to customers from across the GCC.   The Saudi International Iron and Steel Conference will bring leaders of the iron and steel ......read more

    Red Hat Announces Enterprise Linux 8 for SAP Solutions

    Dubai, UAE 15 September 2019:  Red Hat has announced the availability of Red Hat Enterprise Linux (RHEL) 8 for SAP Solutions to empower SAP HANA workloads for enterprises in the region. Red Hat Enterprise Linux (RHEL) 8 for SAP Solutions is an intelligent OS designed to provide a solid foundation that spans the hybrid cloud and one that fuels mission-critical workloads. Building on the successful launch of RHEL 8, SAP production will support RHEL 8 for SAP Solutions for running SAP HANA 2.0 (SPS 04 or later) on the Intel x86 (64-bit) platform. In addition, validation on the IBM Power9 platform is underway. Red Hat Enterprise Linux (RHEL) 8 for SAP Solutions is an intelligent OS designed to provide a solid foundation that spans the hybrid cloud and one that fuels mission-critical workloads. Building on the successful launch of ......read more

    AVEVA Builds on Continued Success to Deliver End-to-End Digital Transformation Capability

    New software leader paves the way for industries to realize Digital Transformation with offerings enabling value capture across Engineering, Operations and Maintenance by empowering the Workforce Dubai, UAE, 15th September 2019 – 18 months on from completing its combination  with Schneider Electric’s industrial software business AVEVA is positioned as the first company in the engineering and industrial software market to comprehensively address the end-to-end digital transformation imperatives with an integrated portfolio of solutions that deliver efficiency, unlock value and empower people across the lifecycle of capital assets and operational value chains. AVEVA’s integrated portfolio capability harnesses the power of technologies such as artificial intelligence, extended reality (XR), digital twin and ......read more

    UAE investors set to inject US$10 billion into Bangladesh economy

    UAE-based investors will present 20 investment projects at the Bangladesh Economic Forum on Sunday   1. UAE investors have announced US$10 billion (Dh36.7 billion) worth of investment into Bangladesh 2. More than 20 projects are expected to be discussed at the 2nd Edition of Bangladesh Economic Forum in Dubai 3. Bangladesh is developing 100 economic zones and 28 hi-tech parks foreign investors. 4. Non-Resident Bangladeshi entrepreneurs own more than 50,000 businesses and employ 150,000 people in the UAE   Dubai, United Arab Emirates -  September 14, 2019:   A number of UAE business groups are set to invest $10 billion (Dh36.7 billion) into Bangladesh, according to data compiled by Bangladesh Economic Forum, which takes place at Conrad Dubai Hotel on Sunday, September 15, ......read more

    Materials Handling Middle East racks up 12% visitor turnout for 10th edition

    Reports forecast double-digit uplift for region’s warehouse automation & e-tail segments   Dubai, United Arab Emirates -  September 14, 2019:   Materials Handling Middle East, the region’s dedicated warehousing, intralogistics and supply chain solutions show, racked up a 12% visitor uplift on the 10th edition of the biennial event which closed at the Dubai World Trade Centre on September 5.   Some 3,882 visitors from more than 50 countries turned out for the show which has evolved into a futuristic showcase of robotics and automation as the regional industry transforms to meet 4th industrial revolution demands.   Close to 100 exhibitors from over 30 nations were demonstrating the latest technological solutions to deliver increased operational and cost efficiency, production ......read more

    Gold takes a breather

    September 12, 2019 - Dubai, UAE   Summary:  Gold’s high correlation to movements in US bond yields has triggered the first major challenge to the rally that began back in June. While the short-term risk of a correction to $1450/oz exist, we maintain a bullish outlook for gold. Below we outline the reasons behind this view.   Global financial markets remain in fragile risk on mode following last week’s announcement that US and Chinese trade negotiators would meet again in early October. While kicking the can down the road and past China’s Golden Week Holiday, we maintain the view that the road to a deal remains littered with obstacles. On that basis September could end up being the month of calm before renewed tensions emerge with the US raising tariffs again on October 1 while the two ......read more

    Proofpoint's Annual Human Factor Report Details Top Cybercriminal Trends: More than 99 Percent of Cyberattacks Need Humans to Click

    Threat actors continue to use socially-engineered attacks across email, cloud applications, and social media to exploit human instincts and lure people to click   Dubai, United Arab Emirates—September 11, 2019:   Proofpoint, Inc., (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced its annual Human Factor report findings, which highlight the ways in which cybercriminals target people, rather than systems and infrastructure, to install malware, initiate fraudulent transactions, steal data, and more. The report, based on an 18-month analysis of data collected across Proofpoint’s global customer base, spotlights attack trends to help organizations and users stay safe.    “Cybercriminals are aggressively targeting people because sending fraudulent emails, ......read more

    Al-Futtaim Engineering & Technologies to present innovative Facilities Management solutions at FM Expo

    Dubai, September 11, 2019: Al-Futtaim Engineering & Technologies has announced that its Facilities Management (FM) division will have a significant presence at FM Expo, the region’s largest trade show for the facilities management industry, to be held from September 17-19 at the Dubai World Trade Center. The Al-Futtaim company will be out in full force and visitors to the stand will get a complete understanding of the company’s hard and soft FM services including Building Cleaning Services, Mechanical, Electrical & Plumbing Services, Fire Fighting & Safety systems installation & maintenance, CCTV Safety systems installation & maintenance, Energy Saving solution and more.  Yousuf Bin Zayed, General Manager, Facilities Management Division, Al-Futtaim Engineering & Technologies, said, “We ......read more

    Abu Dhabi Global Market awards CAT 1 Bank status to the Worlds' first licensed Digital Trade Bank

    Regulated by the Financial Services Regulatory Authority of ADGM, Anglo-Gulf Trade Bank is poised to bring transformative, disruptive Banking-as-a-Service (BaaS) solutions to the world from its headquarters in Abu Dhabi, United Arab Emirates Abu Dhabi, UAE, 11 September 2019: Anglo-Gulf Trade Bank (AGTB), a global pioneer in digital transaction banking, has received a full digital banking license and Category 1 status from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).  This latest chapter in AGTB’s digitally transformative roadmap heralds a landmark occasion for the Abu Dhabi-headquartered organisation, especially as it is now ADGM’s first fully licensed digital bank. The awarding of the license is an important step towards AGTB delivering simplified, client-centric, ......read more

    Union Coop constructs two commercial centers in Al Badaa (Jumeirah) and Barsha 3

    At a Cost of AED 82 million   United Arab Emirates, Dubai, September 11, 2019:  Union Coop the largest consumer cooperatives in the UAE has revealed through the Properties & Project Division to start the construction works of two commercial centers at a cost of AED 82 million in the areas of Al Badaa (Jumeirah) and Al Barsha Third. This is a part of Union Coop’s framework to achieve one of its most vital strategic objectives i.e. to establish a world-class shopping facility that offers a unique shopping experience for the valued consumers.    This has come during the signing of the contract of construction works with Al Shafar Civil Engineering Company to construct the two projects. The agreement was signed by H.E. Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop, and H.E. Ali Bin Abdullah Al ......read more

    Community Development Authority & Dubai Statistics Center launch Dubai's sixth social survey

    • Julfar: Social Survey is one of the most important projects launched by the Authority to aid effective planning & development in order to establish a leading social environment • Al Muhairi: A strategic project with short, medium & long-term impacts on societal development   Dubai, United Arab Emirates -  September 10, 2019:   The Community Development Authority (CDA) in Dubai launched the emirate’s sixth social survey in partnership with Dubai Statistics Center (DSC). The field work for the survey will begin on September 21, 2019, with an aim to promote initiatives, strategies, programs and policies designed to meet the requirements and needs of families and individuals in the community.   H.E Ahmed Abdul Karim Julfar, Director General of the Community Development ......read more

    Tamil Nadu seeks investment from UAE

    Indian state Tamil Nadu's Chief Minister EK Palaniswami holds investors’ roundtable in Dubai The delegation signed several Memorandums of Understanding (MoU) with UAE investors during the visit resulting in raising INR 4,200 crores of investment Dubai, United Arab Emirates -  September 10, 2019:    Edappadi K Palaniswami, Chief Minister of South Indian state of Tamil Nadu addressed a high-level meeting with members of the Business Leaders Forum (BLF) to seek foreign investments for the State’s ambitious megaprojects.  This is the first visit of Mr. Palaniswami to the UAE since he assumed office as Tamil Nadu Chief Minister.  His Excellency Shri Vipul, Consul General of India to Dubai, said, “The UAE is the last stop of Mr. Palaniswami's three-nation tour. Before his ......read more

    B.A.U.M. Honours GROHE CEO Thomas Fuhr for His Commitment to Sustainability

    • Under Thomas Fuhr’s stewardship, GROHE, being a pioneer in the sanitary industry, is committed to the sustainable use of water as a resource. • For the first time ever, GROHE announces that its production processes are to become completely CO2-neutral by 2020. • The B.A.U.M. Environmental and Sustainability Award is one of the most well-known sustainability awards in Germany.   Dubai, United Arab Emirates -  September 10, 2019:   The corporate network B.A.U.M. awarded Thomas Fuhr, CEO GROHE AG, with the 2019 Environmental and Sustainability Award for the category “Large Enterprises” in the German city of Hamburg yesterday. Under Fuhr’s stewardship, GROHE, one of the leading global brands for full bathroom solutions and kitchen faucets, has become one of the most ......read more

    Ajman Free Zones supports artificial intelligence in the corporate world – exhibition

     The event on 9th September, “AI Made Real” featured business leaders, academics and evangelists imparting knowledge and a debate on the role of Artificial Intelligence  Ajman Free Zone was a silver sponsor, being focused on developing the AI sector within the Emirate.    Ajman, United Arab Emirates (September 10, 2019)  Ajman Free Zone was the Silver Sponsor at an exhibition, AI Made Real, which examined the use of Artificial Intelligence in the corporate world. The event attracted a wealth of businesses from the IT field, which Ajman Free Zone has marked as a key sector for attracting investment, and it provided an excellent opportunity for Ajman Free Zone to convey the myriad benefits of establishing a business here.     VIP guests in attendance at Ajman University ......read more

    Emirates Post issues a commemorative stamp to celebrate 20th anniversary of the UPU's EMS Cooperative

    Dubai, United Arab Emirates -  September 09, 2019:    Emirates Post issues a commemorative stamp to mark the milestone 20th anniversary of the UPU’s EMS Cooperative. Created by the UPU’s International Bureau, the stamp is being launched on 10 September, to coincide with the date the organisation was founded, and will be issued by 24 several postal organisations across the worldwide. Founded at the Beijing Congress on 10 September 1999, the EMS Cooperative was created by The the Postal Operations Council (POC) to develop Express Mail Service (EMS) and promotes cooperation between postal organisations to provide customers with a high-quality, competitive EMS service on a global basis. EMS is the fastest postal product, combining speed with reliability, affordability and customer service. Emirates Post ......read more

    National Geographic Abu Dhabi's 2019 ‘Moments' Photography Competition Closes with Over 50,000 Entries from Across the Arab World

    UAE photographers had the highest increase in submissions over last year, reflecting the growing interest in photography in the country Abu Dhabi – September 8, 2019 - National Geographic Abu Dhabi (NGAD) and Almarai announced today that over 50,000 photographs from across the Arab World have been submitted for the 9th edition of ‘Moments’, its annual regional photography competition to nurture the talent of aspiring regional photographers. ‘Moments’ has established itself as one of the largest and most popular competitions in the region, providing talent with wide exposure and the unique chance to learn from National Geographic photography experts through a once in a lifetime photography travel expedition.  Reflecting National Geographic and Almarai’s commitment to youth development, ......read more

    Emirates Maritime Arbitration Centre (EMAC) signs Memorandum of Understanding with Abu Dhabi Global Market Arbitration Centre (ADGMAC)

    Abu Dhabi/Dubai, UAE, 8th September 2019:   In the spirit of continued collaboration between government entities in the UAE, the Abu Dhabi Global Market Arbitration Centre (ADGMAC) and Emirates Maritime Arbitration Centre (EMAC) have signed a Memorandum of Understanding (MoU) to advance arbitration and mediation services across the whole UAE maritime industry. Mr. Majid bin Bashir, Chairman and Secretary General, EMAC and Mrs. Linda Fitz-Alan, Registrar and Chief Executive of ADGM Courts, marked the collaboration at a signing ceremony on 8th September 2019 in Abu Dhabi  “We are very pleased to seal collaboration with ADGMAC.  Through this partnership we believe that we will be able to enhance the accessibility, efficiency and effectiveness of commercial and maritime arbitration and mediation that will ......read more

    31 innovative global start-ups to participate in the third edition of DIFC FinTech Hive's 2019 accelerator programme

    • Finalists join the 2019 cohort, from across the world including start-ups from Asia, Europe, Middle East and North Africa • Third edition includes larger pool of FinTech firms, growing approximately 50% from 2018 • Participants to receive training and mentoring from leading financial players and strategic partner institutions      Dubai, 8 September 2019: In line with the continuous growth and development of the Dubai International Financial Centre’s financial innovation ecosystem, the DIFC FinTech Hive, announced today the commencement of the 2019 edition of its accelerator programme. The third edition of the programme launched by the region’s first financial technology accelerator received an overwhelming response of over 425 applications from across the world, including Asia, ......read more

    Ciena Reports Fiscal Third Quarter 2019 Financial Results

    • Q3 Revenue: $960.6 million, increasing 17.3% year over year • Q3 Net Income per Share: $0.55 GAAP; $0.71 adjusted (non-GAAP) • Share Repurchases: Repurchased approximately 1.1 million shares of common stock for an aggregate price of $45.4 million during the quarter   Dubai, United Arab Emirates -  September 08, 2019:    "We delivered another quarter of outstanding financial results as we benefit from our strong competitive position within the industry and continue to gain market share," said Gary Smith, President and CEO, Ciena. "Looking ahead, fiscal 2019 will be an extraordinary year for Ciena, including substantial revenue growth and increased profitability."   For the fiscal third quarter 2019, Ciena reported revenue of $960.6 million as compared to ......read more

    Al Ansari Exchange warns customers against fraudulent calls or scam messages

    UAE, September 07, 2019 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has warned its customers against fraudulent social media messages, text messages, and phone calls claiming that they have won major cash prizes in any of the company’s promotions. It strongly urged its customers to ignore the scammers, adding that the company only communicates with the winners through its official phone numbers to inform them of their prizes.     The company also maintained that it would never ask its customers to disclose their personal data such as personal identification number or bank account details or instruct them to pay any fee to receive the prize. When in doubt, customers can check the list of winners by visiting the nearest Al Ansari Exchange branch, calling customer ......read more

    Emicool champions sustainable business; becomes GCC's first district cooling company with ISO 26000

    Certification marks the company’s fourth ISO mark in addition to OSHAS and the MENA first GC-Mark certification   Dubai, UAE, Sep 7th, 2019:   Emirates District Cooling LLC [Emicool] – a leading district cooling service provider in the region and a wholly owned subsidiary of Dubai Investments PJSC, has been conferred with the fourth ISO certification – ISO 26000:2010.  Emicool was marked the first district cooling company across GCC with the ISO 26000:2010 for setting a high standard of corporate social responsibility governance, protecting worker and labour human rights, contributing towards saving and improving climate change as well as implementing code of ethics and advanced transparency systems. Commenting on attaining the certification, Dr. Adib Moubadder, CEO of Emicool, said, ......read more

    At Lg Future Talk Powered by Ifa LG Shows How Ai Can Make Anywhere Feel Like Home

    Offering a New Vision of Transformation Through “Evolve, Connect and Open” Strategy   DUBAI, Sep. 5, 2019 — At a panel talk event to kick off IFA 2019 in Berlin, Dr. I.P. Park, president and Chief Technology Officer of LG Electronics, shared the company’s vision for an AI-powered future where Anywhere is Home.  Addressing the three pillars of LG’s AI strategy Evolve, Connect and Open, Dr. Park and the expert guest panelists discussed how innovations in AI and connectivity will expand the notion of home to every domain of living beyond the front door. At the heart of today’s discussion was the role of LG ThinQ, the company’s brand for intelligent devices, which now brings together AI products and services as well as those with Wi-Fi and IoT capabilities under a unified vision ......read more

    Other Top Stories from Banking and Investments
     
    The UAE – Russia Forum kicks off in Moscow'

    Dubai, United Arab Emirates -  September 04, 2019:  Russia Business Forum has kicked off yesterday Tuesday at the headquarters of the Chamber of Commerce & Industry of the Russian Federation. The forum activities will last until September 6th. The forum comes on the sidelines of the visit of the Sharjah Chamber of Commerce & Industry (SCCI), represented by the Sharjah Exports Development Center (SEDC) delegation to Moscow and St. Petersburg. The SEDC delegation is headed by HE Abdullah Sultan Al Owais, SCCI’s Chairman accompanied by HE Sheikh Majid Faisal ......read more

    Searching for positive news in equities

    By Peter Garnry, Head of Equity Strategy at Saxo Bank  Dubai, United Arab Emirates -  September 04, 2019:     Equities are down across the board as South Korea CPI falls to 0% and the US and China cannot agree on the next date for trade negotiations. The risk-off is pulling DAX futures close to its previous tight trading range. In today's equity update we also highlight Xiaomi and Norwegian. South Korea CPI y/y fell to 0.0% which is the lowest print on record since 1966 highlighting mounting deflationary pressures from weakening demand and over capacity. ......read more

    Beema Launches UAE's First Pay-per-kilometer Motor Insurance

    Beema today brings to market an innovative, first-to-region offering that will give UAE motorists up to 25% cashback on their motor insurance, based on the kilometers they drive. Beema was created following a joint innovation sprint by ENOC and BCG Digital Ventures, and in partnership with AXA Insurance.   United Arab Emirates, Dubai, 4th September 2019:  Beema has today announced the region’s first pay-per-kilometer car insurance. An innovative solution for the UAE insurance market, Beema gives customers cash back after one year based on the distances they drive. If, over ......read more

    Honeywell Suite of Building Integration and Cyber Solutions Help Improve Efficiency, Data Analysis and Control

    • Customizable facility automation, surveillance and visualization technologies, including cybersecurity services, help optimize day-to-day building operations and safety measures   DUBAI, United Arab Emirates, September 4, 2019 – Honeywell (NYSE: HON), a global leader in smart building technology and services, today introduced the next generation of Enterprise Building Integration (EBI), Command and Control Suite (CCS), and Digital Video Manager (DVM), a suite of solutions enabled by the Honeywell Forge for Buildings platform, that help drive facility efficiency and ......read more

    Empower will be the Global Sponsor for the 6th World Green Economy Summit 2019

    Dubai, UAE, 4th September 2019:   Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that it will be participating in the 6th World Green Economy Summit (WGES) 2019 as a Global Sponsor. Themed “Innovative Technologies for a Sustainable Economy”, the 6th WGES 2019 will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on October 20 and 21, at the Dubai International Convention and Exhibition Centre ......read more

    Ajman Free Zone partners with Al Zorah Development Company to manage Al Zorah Business Centre

    Ajman, United Arab Emirates - September 3, 2019:   Ajman Free Zone has entered into an agreement with the free zone entity of Al Zorah -  a partnership between Solidere International and Ajman Government -  and a premium lifestyle and leisure destination, to operate the developments of 3,000 ft state-of-the-art Business Centre.   The contemporary, furnished Business Centre, is located within The Pavilion at Al Zorah, a distinctive and award-winning building complex, accommodating a wide range of leisure and F&B outlets, including Spot food truck park, ......read more

    Abu Dhabi's Department of Transport is Leading Road Standardization

    Abu Dhabi, 3 September 2019:  Abu Dhabi’s Department for Transport (DoT) aims to showcase its successful model of standardizing the UAE’s roads when it hosts the World Road Congress Abu Dhabi 2019. With less than two months’ to go until the prestigious event takes place between October 6 to 10, global experts will be offered an insight into how Abu Dhabi’s extraordinary transformation has helped the UAE receive worldwide recognition for building the best roads. The DoT has played a significant role to date by delivering an integrated highways and roads ......read more

    H.E. Mattar Al Tayer opens Materials Handling Middle East

    The region’s dedicated warehousing trade show turns its focus to robotics and automation for its landmark 10th edition   Dubai, United Arab Emirates -  September 03, 2019:   His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of RTA today officially opened the 2019 edition of Materials Handling Middle East.   The event, which runs until 5 September at the Dubai World Trade Centre (DWTC), is co-located with SPS Automation Middle East, opening to a crowd of logistics, materials handling, automation and ......read more

    Region's Hvac Industry Meets in Dubai to Plan Path to Sustainability

    Global Experts Propose Tech Disruption for Massive Energy Conservation   Dubai: September 3, 2019:  Over 300 professionals from the Middle East’s HVAC industry have gathered in Dubai today to plan out the sector’s path to sustainability with global experts outlining how technological disruption can aid the region’s energy and water conservation drive.   The one-day think tank – ‘Shaping the Future of the HVAC Industry’ – was jointly organised at the Address Marina hotel by four of the biggest HVAC players who came together ......read more

    LYCEUM threat group takes centre stage in Middle East

    The previously unobserved LYCEUM threat group targeted critical infrastructure organisations without being detected for more than 12 months    Dubai, United Arab Emirates -  September 03, 2019:   The LYCEUM threat group targets organisations in sectors of strategic national importance, including oil and gas and possibly telecommunications. The activity observed by Secureworks® Counter Threat Unit™ (CTU) researchers focuses on obtaining and expanding access within a targeted network.   CTU™ research indicates that LYCEUM may have been ......read more

    ThreatQuotient Set to Make its Debut at MENA ISC 2019

    ThreatQuotient to Make Threat Intelligence More Accessible to Cybersecurity Community in Saudi Arabia   Riyadh, Kingdom of Saudi Arabia – September 2, 2019:  ThreatQuotient™, a leading security operations platform innovator, today announced they will be making their first appearance at the MENA Information Security Conference (ISC) in Riyadh this year. ThreatQuotient believes that threat intelligence is the glue that binds together disparate systems and teams, and that a threat-centric security operations platform is foundational to overall security posture. ......read more

    Dubai Air Navigation Services (dans) Supports Expo 2020

    dans hosts a workshop for its employees Mohammed Ahli: Aviation sector has a major role to play in the Expo Najeeb Al-Ali: Supporting national organisations crucial for the UAE’s best image   Dubai, UAE, September 1, 2019:  His Excellency Mohammed Abdulla Ahli, Director General of Dubai Civil Aviation Authority (DCAA) and CEO of Dubai Air Navigation Services (dans), has stressed that the aviation sector, which accounts for about 30 per cent of Dubai’s GDP, will play a significant role in the success of Expo 2020 by providing unparalleled facilities and ......read more

    Gold strength spreads to silver and platinum

    By Ole S. Hansen, Head of Commodity Strategy at Saxo Bank  September 1, 2019:  The Bloomberg Commodity Index, which tracks a basket of major commodities, evenly spread between energy, metals and agriculture, traded lower for a second month in a row during August. This is in response to continued concerns about the outlook for global growth and with that demand for key commodities. Trade hostilities between the US and China continued to ebb and flow which created a challenging environment. Not only for commodities but also bonds and stocks as the market tried to keep up with ......read more

    The main and backup crews for the 25th September mission to ISS

    August 29, 2019:  The main and backup crews for the 25th September mission to ISS have started today their exams in Yuri Gagarin Cosmonaut Training Centre in Star City. The main crew comprised Hazzaa AlMansoori, Oleg Skripochka, and Jessica Meir, did today their Complex Exam which includes Simulation of the Russian segment in ISS, the Functional Cargo Block (FGB) mock up, and Data management system.  The crew is expected to continue examination tomorrow on the Soyuz Complex simulation. While the backup crew, Sultan AlNeyadi, Sergey Ryzhikov, and Thomas Marshburn underwent today ......read more

    Searching for direction in equities while tobacco mega merger takes shape

    By Peter Garnry, Head of Equity Strategy at Saxo Bank August 29, 2019 - UAE:  In today's equity update we highlight the lack of direction and zoom in on the mega merger between Philip Morris and Altria. With the intense focus on clean energy due to climate change we also take a look at how investments in the energy sector have done since the Great Financial Crisis in 2008. As we alluded to in recent equity updates the market is boxed in. Across the major equity futures markets such as S&P 500, FTSE 100, DAX and Nikkei all futures are finding themselves trapped into a tight ......read more

    Nine international fairs in HK to strengthen bilateral trade

    Dubai, United Arab Emirates -  29, August 2019:   Hong Kong Trade Development Council (HKTDC) invited traders from the UAE and the region to participate their upcoming international trade fairs on a variety of industries. The trade fairs will be held at Hong Kong Convention and Exhibition Centre (HKCEC) between September 7 to November 9, 2019.    The UAE is Hong Kong's 17th largest trading partner. Until May 2019, the total trade value between the two places reached USD 4.6 billion. In which, the UAE was Hong Kong’s 14th major export market with a ......read more

    Hong Kong Trade Fairs in Fall 2019 Strengthening bilateral trade between Hong Kong and the UAE

    Dubai - August 28, 2019:  Hong Kong and the UAE have enjoyed robust bilateral trade relations on a range of products and services over the years. Adding to the Hong Kong’s business advantages, Hong Kong Trade Development Council (HKTDC) gathers the latest market intelligence and form partnerships to develop business for corporations. The HKTDC organises more than 30 exhibitions in Hong Kong every year. Eleven of the trade fairs are the largest marketplaces of their kind in Asia, of which electronics, jewellery, gifts, watches, clocks and lighting are the world’s ......read more

    Tabreed to Participate in World Energy Congress

    Highlighting its support in developing energy efficient communities 28 August 2019, Abu Dhabi, UAE: The National Central Cooling Company PJSC “Tabreed,” will participate in the 24th edition of the World Energy Congress in Abu Dhabi. Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the congress is taking place at the Abu Dhabi National Exhibition Centre (ADNEC) from the 9th to the 12th of September, 2019. At the congress, Tabreed will demonstrate the numerous benefits of energy efficient and low-cost district cooling ......read more

    Private sector key to achieving sustainable development goals

    Dubai, United Arab Emirates, 28 August 2019:  The Secretariat of the National Committee on Sustainable Development Goals launched the first report on private sector initiatives for sustainability in UAE titled "Achieving Sustainable Development Goals in the UAE: Private Sector Contributions." Global Strategy Consulting firm, Oliver Wyman developed the report in partnership with the Private Sector Advisory Council on SDGs (PSAC) founded by the Federal Competitiveness and Statistics Authority (FCSA).    The report sheds a spotlight on the efforts exerted by the ......read more

    Equinix and VMware Partner to Accelerate Enterprise Hybrid Cloud Transformations

    VMware Supports Equinix as Global Colocation Provider for VMware Cloud on Dell EMC Dubai, United Arab Emirates -  28, August 2019:   Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced an expanded partnership with VMware to support VMware Cloud on Dell EMC on Platform Equinix®. The digital transformation landscape has never been more complex. Enterprises must focus on ensuring the availability, performance, security and reliability of a massive set of applications while operating in a cost-effective and scalable manner. To ......read more

    Bangladeshi wins AED 1 million in Al Ansari Exchange Summer Promotion draw

    UAE, August 27, 2019:   Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, announced that Abdullah Al Arafat Mohammed Mohsin from Bangladesh, is the sixth millionaire of its annual “Al Ansari Exchange Rewards Summer promotion.” Abdullah took home AED 1 million after his name was picked during the grand draw held at the Metropolitan Hotel in Dubai. Other promo winners included Khaldun Homidan from Jordan who won a brand-new BMW X1 2019 as well as Abdul Hakeem and Seevayi Mustafa, both from India, won 1 Kilo of gold each. Eight ......read more

    Middle East Banks Urged to Brace for Digital Wave

    As competition heats up the banking sphere, Middle Eastern banks need to emulate digital giants and adopt full-scale digital transformation to outpace traditional rivals and ward off disruption, says new BCG report Dubai, UAE 27th August 2019:   Banks in the Middle East are expected to face unprecedented challenges as digital giants begin to turn their attention to the banking sector, according to a new report by Boston Consulting Group (BCG). The report, titled Banks Brace for a New Wave of Digital Disruption, urges banks to reassess their digital capabilities and competitive ......read more

    Emirati Women's Day: Emirati first officers at Emirates spread their wings to five continents

    Dubai, UAE, 27 August 2019:   To mark this year’s Emirati Women’s Day, five talented and passionate Emirati first officers at Emirates airline helped put the spotlight on women in aviation, and the advancement of women in the UAE, by flying to five continents on the same day.   Watch the video, released on Emirates’ social media platforms, and see how these women literally spread their wings and spread a message of inspiration from the UAE to the world.   “Emirati women are icons of tolerance, exemplifying the core values held by ......read more

    Empower celebrates Emirati Women's Day and stresses its role for women's empowerment

    Dubai, UAE, 27th  August 2019:  Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, confirmed its commitment towards women’s empowerment, particularly in the district cooling sector, by providing the necessary support and jobs that are commensurate with their nature and interests. This comes in line with the importance of observing Emirati Women's Day, and reaffirming the company’s pioneering role in building a bright future for the coming generations. As part of celebrating the Emirati Women’s ......read more

    Over 120 exhibitors to showcase their products at 5th Cairo WoodShow

    4-day event will be held in conjunction with CIFAC at Cairo International Convention Centre on 5-8 December 2019 Dubai, United Arab Emirates -  27, August 2019:   Cairo WoodShow, North Africa's leading platform for wood and woodworking machinery, with 120 exhibitors from across 25+ countries and 7,000 visitors, is gearing up to organise its 5th edition at Cairo International Convention Centre on 5-8 December, 2019. Held under the patronage of Egyptian government, the event will be held in conjunction with Cairo International Furniture Accessories & Components ......read more

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