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    Featured in Banking and Investments
    Burgan Bank Announces Winners of its Summer Power of 22 Campaign

    Rewarding 11 winners with a selection of great prizes     Kuwait, 4th July 2022:  Burgan Bank announced the winners in its Power of 22 summer campaign for Mastercard credit card holders, where the Bank held the first draw of the campaign on Sunday 3rd of July for eligible customers who used their cards locally or internationally during the period from June 1st to June 30th, 2022.   A total of 11 winners were rewarded with several great prizes from Burgan Bank, with the top three winners receiving rewards in the form of Qatar Airways miles (Avios). The first winner received three million Avios, followed by the second winner who received two million Avios, while the third received one million Avios. Moreover, eight lucky customers won iPhones devices. Furthermore, the chance is still available to enter more

    CEOs Consultative Council of UAE Banks Federation Holds its First Meeting

    Abu Dhabi, UAE; 04 July 2022:  The CEOs Consultative Council of UAE Banks Federation (UBF), the umbrella body representing banks operating in the UAE and the unified voice for the UAE banking sector, held its first meeting under the chairmanship of H.E. Mohammad Omran Al Shamsi, Vice Chairman of UBF, Chairman of RAK Bank, and attended by CEOs of UBF member banks.   The CEOs Consultative Council was established as per the resolutions of the UAE Banks Federation General Assembly meeting and Board of Directors meeting, held in December 2021 and April 2022, to complement the CEOs’ Advisory Council. The newly established council will provide a broader platform for CEOs of member banks to share their opinions, benefit from their experiences, and widen decision-making bases. The CEOs Consultative Council represents more

    SBA Launches Lightning Source Sharjah, bringing the World's Largest Print-on-demand and Distribution Services ‘Ingram' to the Middle East

    The new facility opened recently in Sharjah Publishing City FZ will enable publishers access to Ingram Content Group’s robust distribution network of 40,000 retailers globally    • The Sharjah facility has the capacity to process print-on-demand orders within 24 hours and can ship to select destinations within 48 hours.  • Equipped with first-rate technology and digital publishing innovations, new facility can quickly process and ship print-on-demand orders, reducing waste and lowering carbon footprint.    Sharjah, July 04, 2022:  Sharjah Book Authority (SBA) and Ingram Content Group’s print-on-demand company, Lightning Source LLC, have launched a joint venture, ‘Lightning Source Sharjah’, bringing the world’s first large-scale print-on-demand operations more

    Hotpack Launches New Showroom in Salalah; Expands Operations in Oman

    Dubai, July 04, 2022: Hotpack, the UAE based global leader in disposable food packaging products, has inaugurated a new showroom in Salalah. The new showroom is Hotpack’s second in Oman and with this expansion, the company expects to increase its foothold in Oman and the GCC region. The inauguration was attended by Shura Council member Sheikh Ahmed bin Saeed bin Hassan Sabanot. Hotpack Group General Manager and Executive Director, PB Zainuddin, Deputy General Manager Mujeeb, Country Manager Ratheesh V. Pillai, as well as Sahad and Bismil Rahman of Salalah Branch were also present.  Commenting on the launch of the new showroom, Group Executive Director of Hotpack Global, Mr. Zainudeen Beeravunni said, “This showroom marks a significant expansion of our operations in the Oman market. We expect that with this showroom, more

    Mashreq Partners with Abdulla Al Ghurair Foundation for Education to Strengthen UAE's Emiratization Push

    • Selected TechUp graduates will be welcomed annually from Abdulla Al Ghurair Foundation’s NOMU Initiative to receive paid internships with Mashreq • TechUp, part of the Abdulla Al Ghurair Foundation for Education’s NOMU Initiative, is designed to help 25,000 Emirati youth compete in the global labor market for the jobs of tomorrow   Dubai, UAE, 04 July 2022: Mashreq Bank has signed a strategic partnership with the Abdulla Al Ghurair Foundation for Education to support its recently launched NOMU Initiative. The multi-sector national youth development project is designed to impact 25,000 Emirati nationals with market-driven, industry-led training and work integrated learning opportunities to improve their employability and support the national priority areas of the United Arab more

    Dream the Golden Dream with Mahzooz this Summer and Win a Kilogram of Gold!

    United Arab Emirates, Dubai, 4 July 2022:  Mahzooz, the leading weekly draw in the UAE that has so far created 24 millionaires, is celebrating the arrival of summer in style with the announcement of the Golden Summer Draw, where one lucky participant can win one kilogram of 22ct gold in addition to the usual prizes. Everyone who takes part in the Mahzooz weekly draws in July 2022 will automatically be entered into the Golden Summer Draw which will be held on 30 July 2022, along with the grand and raffle draw. Entrants can participate in Mahzooz by registering via and purchasing a bottle of water for AED 35. Each bottle gives them an entry through one line into the grand draw, another entry into the weekly raffle draw and this month, an additional chance to win one kilogram of gold through the Golden Summer more

    QNET goes Home with 11 Wins for Another Successful Awards Year

    Dubai – July 04, 2022:  QNET, the Asian direct selling giant, is celebrating an immensely successful 2022 awards campaign by bagging eleven wins at various award competitions in the past few months. The company received multiple awards from the 2022 TITAN Business Awards, The Asia-Pacific Stevie Awards, The PR Awards, the Middle East & North Africa Stevie®️ Awards 2022 and the 2022 HERMES Creative Awards. The successful 2022 awards campaign by QNET comes following the company’s stellar performance in 2021 with 33 wins. At the start of the year, QNET also swept the AVA Digital Awards with 5 wins, exceeding their performance in the 2021 edition when they had wins.  The company earned its accolades for various innovative social and PR, social media, and marketing communication campaigns through more

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

    Kuwait 3, July 2022:  Burgan Bank, announced today Mr. QAIS ABDULHALEEM MOHAMMAD MAARAFI 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. more

    Kuwaiti Luxury Retailer, Trafalgar Luxury Group, Announces Leadership Reshuffle

    ● Trafalgar Luxury Group (formerly Trafalgar) has reshuffled its senior leadership to spearhead expansion plans across the region ● The Group will also establish its head office in Dubai later this year, a strategic step to further establish the Group in the region   Dubai, UAE - July 4th, 2022 – Following the announcement of its rebranding, homegrown Kuwaiti luxury retailer, Trafalgar Luxury Group has announced its internal senior leadership reshuffle to lead the revised vision and five strategic ambitions to ensure it is being implemented across the Group.    Having announced three distinct verticals, these being 1. Watches and Jewellery, 2. Fashion and 3. Technology, a dedicated team is specific to each vertical to guarantee strategic and operational agility. This is in line with more

    Burgan Bank Wins J.P. Morgan's ‘Elite Quality Recognition' Award for 2021

    The only Bank in Kuwait to have won the Award for the period from 2001-2021 consecutively   Mr. Mohammad Najeeb Al-Zanki, Head of Corporate Banking - Assistant General Manager, and Mr. Mohammad Al Zayed, Head of Operations at Burgan Bank receiving the award from J.P. Morgan’s representatives Kuwait, 2 July 2022 Burgan Bank recently received the coveted ‘Elite Quality Recognition Award’ for the year 2021 from JPMorgan Chase N.A., in recognition of its consistently high-quality performance. The award highlights the Bank’s advanced standards maintained in the complete range of client US Dollar funds transfer operations by both management and staff. J. P. Morgan Chase commended the Bank for achieving 99.91 percent straight-through processing (STP) in the MT103 category and 99.89 percent for the MT202 more

    Women Reign Supreme at the 82nd Mahzooz Grand Draw

    • All-female cast of Mahzooz Raffle Draw winners scored big    United Arab Emirates, Dubai, 1 July 2022: On the back of the AED 10,000,000 win in the 81st Mahzooz Grand Draw, spirits were high in the 82nd draw. Indeed, a testament to the fact that Mahzooz changes lives overnight. However, it was a different surprise this week when all three Raffle Draw winners were women from different continents.    Oana, Rachel and Barbara, originally from Romania, Philippines, and Uganda respectively, took home AED 100,000, each after they won the three Raffle Draw prizes.   The three raffle winners have plans for how they will use their Mahzooz winnings to improve the lives of their families and themselves.    Oana is from Romania and is currently based in Ras Al-Khaimah. The newly wed more

    AD Ports Group Agrees to Acquire Majority Stakes in Egypt's Transmar and Transcargo International (TCI)

    Strategic Investment Extends AD Ports Group’s Presence in the Red Sea Container, Cargo, and Port Operations     Abu Dhabi, UAE – 1 July 2022: AD Ports Group, the vertically integrated trade enabler, today announced that it has reached an agreement to acquire a 70 percent equity stake in International Associated Cargo Carrier B.V., which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company (“Transmar”) and Transcargo International S.A.E. (“TCI”).  The total purchase consideration (Enterprise Value) of this transaction amounts to AED 514 million (USD 140 million). The acquisition will be fully funded from AD Ports Group’s existing cash reserves, which stood at over AED 3 billion as of March 31, 2022. It is the first international acquisition more

    Burgan Bank Welcomes Talents with Disabilities into its Family

    As part of its participation in the “Partners to Hire” Campaign and Forum   HRD and PR representatives with the graduates during the ceremony Kuwait, 30 June, 2022:  Burgan Bank recently took part in the graduation ceremony for the second and third batch of participants in the “Partners to Hire” program, which seeks to train individuals with disabilities in the field of customer service. The ceremony took place under the auspice and in the presence of the Minister of Health, His Excellency Dr. Khaled Al-Saeed, who honored all organizations supporting people with disabilities. The ceremony witness also the attendance and participation of leading figures and various prominent entities. Burgan Bank took part in the career forum, which was organized by the Public Authority for Disability Affairs aimed more

    Snoonu Launches No Riders Under the Sun 2.0

    Doha, Qatar, July 01, 2022 - Snoonu is glad to announce the relaunch of its initiative called “No Riders Under the sun”  Through this initiative, Snoonu pursues, for the second consecutive year, its measures to protect the working conditions of delivery riders as temperatures continue to spike in the country.  Initially launched in June 2021 and now a flagship in Snoonu’s business model, the initiative sets Snoonu as the first and only local tech company to take such strategic measures to protect its riders from the heat of the summer during daytime. Being a human-centric business, Snoonu puts this concept into action with initiatives that range from ensuring all employees are protected from the sun to the availability of air-conditioned chilling spots throughout the country that are filled with more

    Rahul Titus Appointed as Ogilvy's Global Head of Influence

    30 June, 2022: Ogilvy PR has named industry leader Rahul Titus as the first Global Head of Influence. Since 2017, Rahul has worked with Ogilvy’s Influence team in the UK to establish the agency’s dominant position and authority in this space. In this new role for the agency, Rahul will build on the existing momentum by scaling Ogilvy’s Influence capabilities across the global Ogilvy network. Rahul will continue to expand the Influence footprint in partnership with the agency’s earned and social teams, and will work closely with other Ogilvy businesses to unlock new growth opportunities through Influence-enabled content and experiences. Rahul will continue to have a strong base in the UK as he leads the Global team to drive Influence forward for clients, reporting to Ogilvy PR Global CEO, Julianna more

    The National Experts Program Launches its Third Edition with Applications to Open on 1 July

    • The National Experts Program (NEP) will accept applications from 1 July 2022 • The third edition focuses on three key strategic clusters: Economic Growth; Social Development; and Sustainability and Infrastructure • Open to Emirati professionals with at least 10 years of experience, the eight-month program is aligned with the UAE’s sustainable development priorities • Participants will be mentored by UAE government and business leaders and trained by executive educators and sector-specific specialists from leading partner organizations around the world • Modules will be developed in collaboration with world-class educational partners   Abu Dhabi, 30 June 2022: The National Experts Program (NEP) today launched its third edition and will be accepting applications from the 1st of July more

    Abu Dhabi Securities Exchange (ADX) Lists Invictus Investment Company on Growth Market

    Abu Dhabi, 29 June 2022: Abu Dhabi Securities Exchange (ADX) announced that it has listed Invictus Investment Company, a trading firm specialising in agro-food commodities, raw materials for industries and finished goods, and a subsidiary of Invictus Holding Limited.  The company made its trading debut on Abu Dhabi Securities Exchange’s Growth Market as it takes steps to broaden the products it trades and expand its operations internationally.  Invictus Investment, which started trading today under the trading symbol INVICTUS, was established in Jebel Ali Free Zone in 2014 to manage raw material import requirements for large manufacturers in Sudan. It has since grown into a full-service trading company specializing in commodities, agri-food and finished goods across Africa, Middle East and Asia. The company also more

    LG Earns Robot Safety Control Certification from Det Norske Veritas

    First in the World to Receive ISO 13849-1 Certification for Mobile Service Robots,  LG Confirms Its Leadership in the Field of Robot Safety Technology DUBAI, June 29, 2022 — LG Electronics (LG) has again proven its technological capabilities and commitment to creating safe, new innovations for a better life, becoming the first company in the world to receive the ISO 13849-1 certification* for its safety controller module utilized in mobile service robots. The new certification applies to LG’s advanced safety controllers for robots and was issued by Det Norske Veritas (DNV), an international accredited registrar and classification body headquartered in Norway.  LG’s newly developed safety controller for robots ensures the highest level of operational safety and reliability by actively managing more

    Qatar brings Global Photography App, ‘Explorest,' to the Middle East

    • Visitors can now discover more than 75 locations in Qatar • App’s Qatar Location Insights unlocked for the first 12 months   Following the successful launch of Explorest in some of the world’s most photographed cities including Los Angeles, New York, London, Paris, Singapore, Hong Kong and Shanghai, Qatar Tourism has partnered with Explorest to debut in the region and unveil 75 of the greatest places to take photos across Qatar.  The partnership sets the app to become the go-to digital travel companion for amateur and professional photographers wishing to capture unique images of the country’s diverse natural assets, architecture, cultural hotspots and more.   First-time or returning travellers to Qatar from the region, as well as professional and amateur photographers can more

    Dukhan Bank Receives 9 Accolades at MEED's Excellence Banking Awards 2022.

    - Best Private Bank in Qatar - MENA Private Banker of the year - MENA Digital Bank of the year - MENA Most Innovative Bank of the year Doha, June 29, 2022: Middle East Economic Digest (MEED) crowned Dukhan Bank’s distinguished efforts in providing private banking services and its leadership in enriching the digital banking experience for its customers with innovative solutions by awarding it nine accolades, within the annual awards program “Banking Excellence in the Middle East and North Africa for the year 2022”. While the bank won the “Best Private Bank Qatar” award, the General Manager & Head of the Private Banking at Dukhan Bank, Mr. Chaouki Daher received the “MENA Private Banker of the year” award, in recognition of his efforts & long-standing success in leading the more

    Burgan Bank Continues its Support for the ‘Let's Be Aware' Financial Literacy Campaign

    To promote financial literacy and banking awareness amongst bank customers and within the community at large Group Head of Corporate Communications Kholoud AlFeeli with Burgan Bank’s public relations team Kuwait, 29 June 2022:   For the second year in a row, Burgan Bank is continuing its support of the “Let's Be Aware” (Diraya) financial awareness campaign, sponsoring and participating in various internal and external activities. In line with the Bank’s social responsibility program and under the umbrella of its sustainability platform, this has included recent events such as Al Ahmedi Governate’s third blood donation campaign and the Bank’s own internal blood drive.  Through its participation in these events, Burgan Bank is seeking to utilize this effective public platform, more

    INVICTUS Investment to List on Abu Dhabi Securities Exchange (ADX) Growth Market

    • Dal Group announces Invictus listing on ADX, with an AED 3 billion valuation • The listing is on ADX Growth Market on June 29, 2022   Abu Dhabi, UAE; 28 June 2022: Invictus Investment, a subsidiary of Invictus Holding Limited and an affiliate of DAL Group, a Sudanese conglomerate and the largest private group in Sudan with an international business presence across Africa, the Middle East, and Asia, will list on the Abu Dhabi Securities Exchange (ADX) Growth  Market  on June 29, 2022, offering investors opportunity to invest in a fast growing and scalable agro-food and finished goods trading business.   Invictus Investment (Invictus) owns 100% shareholding in Invictus Trading FZE, which recorded total sales of over AED 2.9 Billion for the full year ended December 31, 2021, and over AED 1.75 more

    ADEX and EBID Sign Financing Agreement to Boost UAE Exports to West Africa

    Abu Dhabi, 28 June 2022 – Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a financing agreement with the ECOWAS Bank for Investment and Development (EBID), whereby a line of credit of US$20 million will be opened between the two entities that will enhance strategic cooperation, leading to an increase in the volume of trade between the UAE and ECOWAS member states. The agreement also supports the establishment of additional credit lines and the provision of easier means for joint financing, thus boosting Emirati exports in the African market. The agreement was signed virtually by Khalil Al Mansoori, Acting Director General of ADEX, and Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID. H.E Mohamed Saif Al Suwaidi, Director General of more

    Burgan Bank Offers Free Eidiya Delivery Service to Premier Banking & Private Banking Customers

    Kuwait, 28 June 2022:  Burgan Bank announced the free Eidiya delivery service to Premier Banking and Private Banking customers in collaboration with “Qiblah” company for concierge services. Through this convenient service, Eidiya cash denominations can be ordered and delivered to the customers at their request to the address of their choice.   Customers can order Burgan’s free Eidiya delivery service by calling 22317755 or sending an email to from 26th of June till 5th of July 2022, from 10 am to 4 pm.  Burgan Bank also provides, in cooperation with Qiblah concierge the Premier Concierge service, which is one of the various and exclusive benefits available to Premier Banking customers. Premier Concierge includes a package of more than 20 convenient services that more

    Schneider Electric's Innovation Day in Saudi Arabia Highlights Solutions to Drive Sustainability and Energy Efficiency across the Country

    • Innovation Day event showcases energy efficiency across Energy Generation, Power Distribution, and IoT solutions.  • Empowering partners to deliver digital transformation, sustainability, and efficiency in the new electric world   Riyadh, Saudi Arabia, June 28th, 2022 – Schneider Electric, the leader in the digital transformation of energy management and automation, concluded an action-packed two-day Innovation Day event in Riyadh under the theme of Partnerships of The Future. The aim of the event was to empower Saudi-based partners, end-users and distributors to move toward a more sustainable future with the help of ‘green’ products and solutions that reduce carbon footprint and save energy.     The event - which took place from May 26th to May 27th – put the more

    Alpha Dhabi increases stake in Aldar, becoming the Parent Company and Cementing Status as Single Largest Shareholder

    Abu Dhabi, UAE; 28 June 2022:  Alpha Dhabi Holding PJSC, one of the fastest-growing investment holding companies in the UAE, listed on the Abu Dhabi Securities Exchange (ADX: Alphadhabi), has increased its stake in Aldar Properties PJSC, one of the leading real estate developers and managers in the UAE, reaffirming its position as the single largest shareholder and consequently becoming Aldar’s parent company.  Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar, to complement its existing majority representation on Aldar’s Board of Directors. Accordingly, Aldar will be treated as a subsidiary in Alpha Dhabi’s consolidated financial statements, the impact of which will be reflected in its financial results for Q2 2022 onwards. The additional shareholding came through the more

    Tourism 365 and OACIS ME Sign Strategic Partnership Agreement to Provide Off-Airport Check-In Services in the Emirate of Abu Dhabi

    His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence was present during the signing ceremony  Abu Dhabi, UAE: 28 June  2022 – In the presence of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, Tourism 365, the tourism development arm of the Abu Dhabi National Exhibitions Company (ADNEC) Group, officialised a five-year exclusive agreement with remote check-in solutions provider, OACIS ME LLC (Off Airport Check In Solutions).  A signing ceremony took place at the Abu Dhabi National Exhibition Centre, where His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, praised the strategic agreement for its intent to add value for travellers to Abu Dhabi and enhance their experience through the latest more

    Brazil to Continue Creating Opportunities with Results Achieved by Expo 2020 Participation

    DUBAI – June 27, 2022: Brazil will continue creating influence in the global marketplace in line with the results the nation created with its participation at the recently concluded Expo 2020 Dubai.  About 1,030 Brazilian companies that became part of their pavilion at the Expo, secured business deals of USD 648 million during the event and are expecting additional deals worth USD 3.4 billion in the next 12 months in food, cosmetics, furniture, aerospace, leather, oil and gas sectors, according to an official statement.  “The Brazil pavilion, being positioned among the five most visited pavilions of the Expo 2020, hosted 2.1 million visitors with an average of 11,700 visitors daily during the six-month-long event. We are determined to enhance the impact of the results created at the Expo Dubai with excellent more

    The First Neo Financial Institution in KSA opts for ICS BANKS Digital Platform from ICSFS

    June, 2022  Riyadh, KSA:  The First Neo Financial Institution in KSA; Loan Financing Company (LFC), a newly-established microfinance company in the Kingdom of Saudi Arabia, has selected ICS BANKS Digital Platform, a worldwide digital Shari’a compliant software solution, from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions. The LFC has received a no-objection letter from the Saudi Central Bank (SAMA), which regulates and oversees the operations of banks and financial institutions across the country.    The LFC also received a preliminary approval from SAMA to incorporate a consumer microfinance company, delivering financing solutions compliant with the Islamic Shari’a. The company will provide innovatively, end-to-end more

    1,405 Winners Score Total Prize Money of AED 1,777,050 at the 82nd Mahzooz Grand Draw

    • Three Raffle Draw winners take home AED 100,000 each   United Arab Emirates, Dubai, 27, June 2022: Following the stunning top prize win of AED 10,000,000 in last week’s Grand Draw, a substantial AED 1,777,050 was awarded to 1,405 lucky winners at the 82nd Mahzooz Grand Draw on Saturday, 25 June 2022. Operated by EWINGS, Mahzooz is the leading weekly live draw in the UAE that has awarded over AED 200,000,000 in prize money to date.   The wins keep on coming Overall, the 82nd Mahzooz Draw saw  1,405 winners, including 39 participants who matched 4 out of the 5 numbers, sharing a total prize kitty of AED 1,000,000 among themselves. Each of the winners took home AED 25,641. Meanwhile, 1,363 participants won AED 350 each after matching 3 out of 5 numbers.   Guaranteed Raffle more

    Qatar Banks could be ‘Trail-Blazers' for World-Leading Payments System

    Banks in Qatar could act as trail-blazers for a world-leading, fraud-inhibiting, super-fast global payments system fit for the next century, if they seize the opportunity being offered by a UK-headquartered fintech business.  DigiDoe launched operations in Doha this week and is targeting banks in the Middle East as part of its plan to revolutionise the world’s out-dated payments infrastructure. Designed from scratch, DigiDoe’s patented multi-factor biometric-based anti-money laundering (AML) and fraud prevention solution provides a secure, tailor-made, AI-driven platform for financial institutions and central bank digital currencies (CBDC). Tony Hajjar, recently appointed as DigiDoe’s Head of Operations, Qatar, said: “DigiDoe has created a pioneering, next generation, all-in-one unique solution, and more

    Make it in the Emirates Forum Concludes with Signing of 32 Industrial Partnership Agreements

    1,800 industrial stakeholders, investors and 24 Prominent Exhibitors participated in the forum AED 110 billion of offtake agreements unveiled Event witnessed the announcement of promising opportunities across 11 industrial sectors Forum identified 300 products to be manufactured locally, contributing AED 6 billion to GDP annually Agreements set to leverage purchasing power of 12 leading national companies   Abu Dhabi, UAE. 23 June 2022 - The Make in the Emirates Forum, organized by the Ministry of Industry and Advanced Technology (MoIAT) in cooperation with the Abu Dhabi Department of Economic Development (AD DED), has concluded with the signing of 32 agreements between government entities, industrial companies, and financing institutions. 1,800 stakeholders from the industrial sector and investors and 24 leading companies more

    TCL Joins Hands with Retail Giant Jashanmal to bring Top-of-the-Range Home Appliances in GCC

    Jashanmal will become the strategic partner of TCL and distributor of its wide range of home appliances and ACs in the region.  Dubai – June 23, 2022: TCL Electronics (1070.HK), the global No.2 LCD TV brand and a pioneer in consumer electronics and home appliances, has entered into a strategic alliance with Jashanmal, one of the leading retail groups in the GCC. The partnership will enable TCL to reach a wider customer base with its top-of-the-line home appliances and air conditioners (AC) for the first time in the UAE, Oman, and Bahrain. The partnership with Jashanmal is part of TCL’s expansion strategy in the Middle East and Africa (MEA) region. Jashanmal will be a key partner for TCL in the region, launching their extensive range of home appliance products and newest FreshIN ACs as well as handling end-to-end more

    Burgan Bank Convenes its 57th Ordinary General Meeting

    Mr. Masoud M. J Hayat and Mr Raed Abdullah Al Haqhaq during the 57th AGM  Attendees at the AGM Kuwait- June 23d, 2022:  Burgan Bank has convened its 57th Annual General Assembly meeting on Wednesday 22nd of June at KIPCO Tower with a quorum of 85.138%. During the meeting, all the items on the Assembly’s agenda were approved, including the nomination of the Board of Directors for the 2022-2024 board cycle. In conformity with the Central Bank of Kuwait’s mandate on independent Board membership, Burgan Bank shareholders have elected five independent board members with proven leadership and extensive expertise.  Following its first meeting, the new Board of Directors announced that it has elected Sheikh Abdullah Nasser Sabah Al Ahmad Al Sabah as a new Chairman to succeed Mr. Majed Essa Al Ajeel, who more

    Infracorp Reports $6.2m Profit in Q1 2022

    • Infracorp generates  $17.4 million revenue during first three months of 2022 • Infracorp brings sustainable social infrastructure development platform to investors around the world   23, June 2022:  Infracorp, the social infrastructure group recently announced by GFH Financial Group, achieves a net profit of $6.2 million on a revenue of $17.4 million during the first three months of 2022. Making its first financial disclosure since launching earlier this year, Infracorp reported it currently has $3 billion of assets under management.   Infracorp was established in January 2022 to bring sustainable social infrastructure development products to investors around the world, generating long-term returns and adding lasting value to communities. Eventually managing a portfolio of around $3 billion more

    ADQ Launches ‘ADQ Growth Lab' to Accelerate Innovation and R&D Across Key Sectors of the UAE Economy

    • New community of innovators spanning ADQ’s broad portfolio aims to deliver real-world value and sustainable impact  • The community will drive innovation in products, services, processes, technologies and business models to enhance ADQ portfolio companies that operate across key sectors of the UAE’s diversified economy • Investments of more than AED 100 million to fund R&D testbed projects and AI and automation    Abu Dhabi, UAE – 23, June 2022: ADQ, an Abu Dhabi-based investment and holding company, has launched the ADQ Growth Lab, a community of innovators spanning ADQ’s broad portfolio. The ADQ Growth Lab represents the company’s commitment to innovation and R&D with a direct focus on creating value and sustainable impact across priority sectors of more

    Mahzooz Grand Draw Celebrates AED 10 Million Winner!

    The winner of the 81st weekly draw is the 23rd Mahzooz multi-millionaire  United Arab Emirates, Dubai, 22 June 2022: In just a short amount of time, Mahzooz, the leading weekly draw in the UAE, has created 23 multi-millionaires.  Last week’s Grand Draw saw another lucky top prize winner.  On Saturday 18 June 2022, Engin, an ecstatic Dubai expat who is originally  from Turkey, scooped up the top prize of 10 Million Dirhams. To put the win into perspective, this prize money, could buy him a lifetime that is devoid of financial anxiety.  Engin was invited to the premises of EWINGS, Managing Operator of Mahzooz,  to celebrate the win and to receive the  cheque that will change his life immensely. At the media event, Farid Samji, CEO of EWINGS, said  after presenting the cheque to the more

    Elon Musk Speaks on Tesla Supply Chain and Twitter Aspirations at ‘Qatar Economic Forum, Powered by Bloomberg'

    Elon Musk, leader of SpaceX, Tesla, Neuralink and The Boring Company, sat down with John Micklethwait, Editor-in-Chief at Bloomberg, at the second ‘Qatar Economic Forum, Powered by Bloomberg’, which opened yesterday under the high patronage of His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar.   As part of session one of the Forum on ‘Equalizing the Global Recovery’, Musk highlighted:   • “My aspiration for Twitter is to be as inclusive as possible. That it is an appealing system to use. Ideally, I would like to get 80 percent of North America and half the world on Twitter; that means it must be something appealing. Generally, the approach of Twitter should be to let people say what they want within the bounds of the law. […] I would drive the product, more

    Burgan Bank Sponsors and Participates in Al Ahmadi Governorate's Blood Donation Campaign

    As part of its social responsibility program supporting the community’s health and wellbeing    Kuwait - 21, June 2022:  Burgan Bank announced its sponsorship and participation in the third Al Ahmadi Governorate Blood Donation Campaign, that will be held at Al Kout Mall on the 24th of June 2022, under the auspice of His Excellency Sheikh Fawaz Khaled Al-Hamad Al-Sabah, Al Ahmadi Governor. This year’s campaign is organized under the slogan “A Drop of Your Blood…A Life for Others” and aims at highlighting the importance of donating blood throughout the year to help supply the blood bank’s stock with all blood types.  On this occasion, Burgan Bank invites all able and healthy individuals to take lead with a selfless, generous act of social responsibility and donate more

    ADX Launches FADX 15 Futures, The Exchange's First Index Derivatives

    FADX 15 Futures offer investors a new way of investing on the ADX market    ABU DHABI, June 21, 2022:  The Abu Dhabi Securities Exchange (ADX) has launched FADX 15 futures contracts trading on its derivatives platform. The futures, based on the FTSE ADX 15 (FADX 15) Index, are the first index derivatives to be listed on the ADX as the exchange accelerates efforts to bolster market liquidity and attract more global investors.    FADX 15 futures are cash-settled contracts that will replicate the price performance of the benchmark FADX 15 index, which comprises the most liquid and the largest 15 companies listed on the ADX main market.  Each FADX 15 Index futures contract is equivalent to the dirham (AED) value of the FADX 15 index.    Launched in March 2022 with the aim of more

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    Sharjah FDI Office Taps into Investment Opportunities in High-Growth Competitive Sectors at Budapest Meet

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    Arab Bank “Best Bank in the Middle East 2022”

    DUBAI, UNITED ARAB EMIRATES - 18, June 2022: Arab Bank has recently received the “Best Bank in the Middle East 2022” award by New York-based international publication “Global Finance”, for the seventh year in a row.  This global recognition came as part of Global Finance’s 29th Annual Best Bank Awards and was made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world. In selecting top banks, Global Finance considered several factors that more

    Al-Futtaim Group Organizes Open Day to Recruit Young Emirati Talent

    Outstanding success with more than 800 participants offered the opportunity to work in the Private Sector Dubai, UAE, 15 June 2022: With the goal of contributing to the UAE Government’s private sector Emiratisation strategy and in line with the pillars of its Emiratisation strategy (Sinyar), yesterday the Al-Futtaim Group hosted an Open Day to recruit young Emirati talent. The event, which was attended by hundreds of young Emiratis, was dedicated to attracting promising, passionate, and ambitious Emirati talent looking for job opportunities in the private sector to build a successful more

    Central Trading Company Appointed as the Sole Distributor of Davanti Tyres for UAE

    Central Trading Company, a member of Al Rostamani Group, is appointed as the Sole distributor for British tyre brand Davanti across all UAE territories. Al Rostamani Group is one of the largest and oldest conglomerates in the United Arab Emirates. The Group has grown steadfastly and conscientiously over the last 65 years with the guiding principles of Commitment, Care and Vision. Launched in 2015, Davanti Tyres combines expert engineering, advanced manufacturing processes, extensive testing and progressive development. Advanced silica compounds combined with innovative tread designs more

    Lenovo Celebrates Channel Success in Gulf

    June 14, 2022 – Dubai, United Arab Emirates: Building on its 100% channel-led approach, Lenovo has celebrated its annual channel awards in the United Arab Emirates. The ceremony was held to celebrate the success of Lenovo’s channel partners in supporting and delivering on key digital transformation projects in the GULF region across both its intelligent device (IDG) group and infrastructure solutions divisions (ISG). 28 award winners were named in acknowledgement of the achievements demonstrated by Lenovo’s network of distributors, partners, resellers as well as individual more

    Ogilvy Promotes Elaine Grell to Chief People Officer across EMEA

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    Philip Morris International Releases 2021 Integrated Report, Introducing New Sustainability Strategy and Sustainability Index

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    Japanese Ambassador to the UAE visits Noor Abu Dhabi - one of the largest solar plants in the world

    June 13, 2022: H.E Akio Isomata, the Ambassador Extraordinary and Plenipotentiary of Japan to the United Arab Emirates, visited Noor Abu Dhabi solar photovoltaic (PV) power plant, located in Sweihan just an hour and a half from Abu Dhabi city. The plant is one of the world’s largest single-site solar PV plants, generating 1.2 GW of clean solar power for the Abu Dhabi grid.  The visit came as part of a tour hosted by officials from Noor Abu Dhabi and Marubeni Corporation, a major Japanese integrated trading and investment business conglomerate and one of the leading global energy more

    Empower Showcases Effective Strategies to Achieve Sustainable Global Urban Growth at IDEA Conference 2022

    The Conference highlighted Dubai's global leadership in district cooling industry    Dubai, UAE - 13, June 2022: Ahmad bin Shafar, CEO of Empower, Board Member Emeritus of International District Energy Association (IDEA) and the Chairman of Dubai's District Cooling Operators Association, showcased effective strategies for achieving sustainable global urban growth through modern technologies that increase energy efficiency, reduce carbon emissions and protect natural resources, during his participation in the most prominent panel discussion, ‘Building more

    Bluechip Token: The Promising Game Changers Set To Rising High In The Crypto Sky

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    QNET Bags an Incredible Double Win at the 2022 MENA Stevie® Awards

    The Middle East & North Africa Stevie® Awards recognizes innovation in all fields in 17 countries in the MENA region. Dubai – June 13, 2022: After an immensely successful awards season in 2021, QNET, the leading e-commerce based direct selling platform continued its winning streak in 2022 with an incredible double win at the third annual, Middle East & North Africa Stevie® Awards. Earlier this year, QNET swept five trophies at the 2022 AVA Digital Awards. The company was named the Bronze winner in the categories of ‘Innovation in the Use of Social more

    Future of Knowledge Foresight Report outlines four recommendations to enhance readiness in the face of future challenges

    Dubai, UAE, 09 June 2022 – ‘The Future of Knowledge: A Foresight Report’ released by the Mohammed Bin Rashid Al Maktoum Knowledge Foundation (MBRF) and the United Nations Development Program (UNDP), has outlined four recommendations for policy makers to support countries in developing their collaborative and innovative capabilities. These recommendations also serve as guidelines to executing deep structural repairs that address the current challenges and gaps in their development approach and aim to help achieve higher levels of readiness in the face of future challenges and more

    Zoho to Kick Off its First MENA Low-Code Technology Conference in Dubai

    Dubai, June 9, 2022:  Zoho, a leading global technology company, is set to bring its global ‘Zoho Creator Roadshow’, a low code user conference, to Dubai in its debut in the MENA. The event aims to help organizations and IT teams tap into low-code technology’s full potential and empower more citizen developers in the region. The event will take place from June 12-13,2022 at the Conrad Dubai Hotel.    Bringing together a community of low-code enthusiasts, IT professionals and Zoho Creator’s product experts for the first time, the event will more

    Invest in Sharjah to expand Economic and Trade Horizons with Hungary

    ‘Sharjah Business Day in Hungary’ on June 17 will explore trade and investment opportunities in key sectors poised for promising business growth   Sharjah, June 08, 2022 The Sharjah FDI office (Invest in Sharjah), an affiliate of the Sharjah Investment and Development Authority (Shurooq), is organising the ‘Sharjah Business Day in Hungary’ led by H.E. Sheikh Fahim Bin Sultan Al Qasimi, Chairman of the Department of Government Relations in Sharjah on June 17, 2022, at the Matild Palace, Budapest. With an aim to promote investment opportunities in more

    METRO, Capillary Technologies Team-Up to Helm Multi-Country B2B Loyalty In 24 Countries Across Europe

    The Landmark Deal Marks Bangalore-based Capillary’s First European Client Dubai – June 8, 2022: METRO, a leading international wholesale company, and Capillary Technologies, a B2B SaaS platform for customer loyalty and engagement, today announced a long-term partnership to create a multi-country B2B loyalty program reaching METRO’s 17 million customers worldwide. This landmark deal with METRO also marks Capillary’s debut in the European market. With a high number of recurring customers, large shopping baskets, and elevated productivity, wholesale businesses are more

    Applabs Expands its Operations in MENA; Appoints Sanjeev Bankira as Country Head

    Dubai, 8, June 2022: Singapore-based Ad-tech platform and solutions company, Applabs today announced its expansion plan in MENA region, appointing Sanjeev Bankira as Country Head. Sanjeev will be spearheading the company’s operations in MENA and will be responsible for the strategic growth of Applabs in the region. He will be responsible for strengthening the local team, creating partnerships and new business opportunities while establishing strong client relationships.   With 12+ years of work experience, Sanjeev worked as Head, Growth Marketing, Monetisation and more

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    Over the past 2 years, as the central axis of life has shifted towards the home, the concept of spending time at home has changed significantly. Accordingly, home appliances have also evolved from being just mere products to being true companions in our everyday lifestyle and routines. According to a recent survey on the reason for purchasing home appliances in 2022, over 60% of Millennial and Gen Z respondents noted that their most recent purchase of a major appliance was driven by needs other than just replacing a broken product. This figure has increased by 10% over the past three years more

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    Chalmers University of Technology Selects Lenovo and NVIDIA Technology for Swedish National Supercomputer

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    Ajman Free Zone reported a strong growth of 45 per cent in e-commerce sector in 2022

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    Emirates Development Bank to Support Integrated Industrial Partnership for Sustainable Economic Growth

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    Hotpack Grows its Foothold in Morocco, joins Hands with Retail Holding in Regional Expansion

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    National Biosecurity Committee Convenes First Meeting of 2022

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    Iman Developers Announces the Launch of its Sixth Residential Development – Oxford Terraces

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    GROHE becomes new Global Partner of WorldSkills

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    Panasonic Announces FY22 Business Strategy for Middle East and Africa

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    BCC Group International Announces Diversification into Property Development

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