Online gaming has become increasingly popular in Kuwait in the last decade, with an increasing number of gamers looking for convenient and secure payment options to fund their gaming accounts. Although gambling is illegal in Kuwait and considered a criminal offense, as it goes against Islamic laws and the Kuwaiti society's customs, numerous Kuwaiti gamers find solutions around this barrier. By playing on international betting sites licensed in other jurisdictions and immune to the Kuwait law against all forms of gambling, gambling enthusiasts can enjoy safety and anonymity. With good quality VPN and payment methods, Kuwaiti players don't have to worry about getting on the wrong side of the law. In this article, we will examine the top payment methods for online gaming in Kuwait and discuss the pros and cons of each mode in terms ......read more
February 03, 2023: Al Ansari Exchange Kuwait, a leading foreign exchange and worldwide money transfer company, announced its partnership with the Public Authority for Civil Information (PACI) to integrate the Kuwait Mobile ID interface into the Al Ansari Exchange app. This will enable seamless online registration and verification processes, and faster customer onboarding.
Kuwait Mobile ID was incorporated into the company's digital solutions to help boost its technology-driven growth strategy and ensure complete access to reliable and convenient services for its network of customers. With the latest integration, Al Ansari Exchange’s customers in Kuwait can now take advantage of seamless registration and verification processes to use its digital service offerings and send money around the globe at any point.
Vivek ......read more
Bupa Arabia won several awards in 2022 and made a big difference in the healthcare sector
• Tal Nazer: Bupa Arabia faced great challenges, which it succeeded in dealing with and became a leader in the insurance sector.
• Harvest Awards 2022: Bupa Arabia wins 23 categories from 12 regional and local awards, including 3 categories of the Health Insurance Excellence Award
• Expectations of the growth of the health insurance sector in the Kingdom to more than SR60 billion by 2030
As Bupa Arabia for Cooperative Insurance celebrates a quarter century of health service in the insurance sector in Saudi Arabia, it looks back with pride on the journey that it has traveled since its inception in October 1997. For 25 years, it served the Kingdom as one of the ......read more
As part of its social responsibility program and its patronage of sports and aspiring talents
Kuwait, 1 February 2023: Burgan Bank recently announced its sponsorship of the Kuwait Crown Prince Cup final match for the 2022/2023 season, held under the patronage of the Crown Prince, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, and organized by the Kuwait Football Association (KFA). The much-anticipated final match will be held between Al Arabi and Al Salmiya on February 6, 2023, at the Jaber Al-Ahmad International stadium.
This sponsorship comes as part of Burgan Bank’s proactive and comprehensive social responsibility program, which aims at creating a wave of positive change throughout Kuwait. This is achieved in part through the Bank’s devoted efforts to the growth and flourishing of the Kuwaiti sports culture, ......read more
• Formula E and New Era sign multi-year licensing deal for a range of fan headwear products
• New Era tops the winner’s podium for the first time in motorsport with the Hankook Tire podium cap
• Multi-product headwear range available online and at races from the spring
RIYADH, SAUDI ARABIA - 1 Feb. 2023 – Formula E and international sports and lifestyle brand, New Era, today announced a multi-year global licensing deal for a range of fan headwear products with New Era supplying the official podium cap for the first time in motorsport.
The Hankook Tire podium cap was unveiled at the 2023 Hankook Mexico E-Prix on the 14th January where more than 40,000 fans saw Jake Dennis (Avalanche Andretti Formula E team) win the first race of Formula E’s GEN3 era and become the first racing ......read more
Kuwait - 2, Feb 2023: Al Ahli Bank of Kuwait (ABK) announced Bassam Abdullah Al Bassam as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 30 January 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.
The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only.
ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 6 February 2023. The higher the ......read more
As part of its committed ESG efforts and community development program
Kuwait, 31st January 2023: In an initiative that underscores Burgan Bank’s proactive and leading role in human capital development, the Bank recently expanded its participation in Kuwait’s largest career fair, Watheefti, by delivering ‘The Secret to Self-Empowerment’ workshop to the fair’s visitors. The workshop marks an extension to Burgan’s ESG strategy and its active role in the development of its community through various learning activities and events.
Led by the Bank’s Human Resources Department, the workshop was delivered by Ms. Fatemah Yagoub, Learning Manager, and Mr. Bashar Al-Qattan, Talent Empowerment Manager at Burgan Bank, who, together, led the workshop. Designed to be dynamic and engaging in its ......read more
Riyadh, Kingdom of Saudi Arabia – 31 January 2023: Ahead of LEAP 2023 technology conference in Riyadh, Cisco has shared its insights into technological trends that will help businesses in the region make the most of digital transformation. Cisco sees security, hybrid work, multi-cloud architectures and sustainability as key themes in 2023, all powered by connectivity and a next generation of networks.
Visitors of LEAP will experience the following trends and latest technologies, designed to accelerate public and private customers’ agendas for a digital and green future, at Cisco’s booth under the theme of “Powering A Connected & Sustainable Universe”:
Future of Work: The future of work is hybrid, and it will enable more equitable and inclusive experiences, resulting in happier and more ......read more
H.E. Dr. Sultan AL-JABER, The UAE Minister of Industry and Advanced Technology and Mr. Patrick POUYANNE, chairman and CEO of TotalEnergies held, this Monday in Abu Dhabi, the first plenary meeting of the UAE - France High-Level Business Council which was also attended by Mr. Bruno LE MAIRE, French Minister of Economy, Finance and Industrial and Digital Sovereignty.
The first plenary meeting underlined the mandate bestowed on the Council by the leadership of both countries and set the framework for a comprehensive approach to significantly broaden and deepen the UAE - France economic ties by fast-tracking pragmatic and result-oriented programs and initiatives with an initial focus on Energy, Clean Energy and Climate Action, Transport & Logistics, Manufacturing, Technology, and bilateral ......read more
Dubai – January 30, 2023: Dropbox, the US-based file hosting service provider, has signed a strategic partnership with TjDeeD Technology, a leading information technology solution provider in the MENA Region to offer Dropbox cloud storage and file-sharing solutions, including Dropbox, Dropbox Sign, and DocSend, to businesses in the MENA Region.
The partnership has been officially announced at the "Dropbox Inspire" event for partners and IT companies with the goal of introducing TjDeeD and expanding the network of partners in the UAE. Both companies are committed to providing comprehensive support and assistance for customers and partners in the UAE to ensure a smooth and successful implementation of the services this includes providing training, guidance, and technical support to partners for Dropbox's ......read more
• From inception to completion, the company plans to deliver hospitality, residential, retail and infrastructure projects to turn AlUla into a global tourism destination.
• AlUla Development Company is, wholly owned by the Public Investment Fund (PIF) that aims to unlock the capabilities of new sectors and help drive Saudi Arabia’s economic diversification in line with Vision 2030.
• The planned developments include 7,500+ hotel keys, 5,000 residential units, a staff village comprising 1,000+ units, supporting infrastructure, and more.
Riyadh, Saudi Arabia – January 30th, 2023:
AlUla Development Company, wholly owned by the Public Investment Fund (PIF), is launching operations to support the development of AlUla. Through real estate development and asset management along with ......read more
Dubai, UAE; 30th January 2023: Mashreq, one of the leading financial institutions in MENA, today has reported its financial results for the year ending 31st December 2022.
1. Robust Growth in Operating Income & Net Profit
a) Operating profit at AED 4.4 billion represents a 39.2% increase compared to FY 2021 as a result of healthy operating income growth. Improved efficiency – cost to income ratio stands at 40.9% in FY 2022 compared to 45.2% in FY 2021
b) Mashreq’s non-interest income to operating income ratio continues to remain one of the industry’s best at 39.0%
c) Mashreq posted a strong Net Profit of AED 3.7 billion (US$ 1 billion) in FY 2022
2. Comfortable Liquidity & Capital position
a) Growth of 12.1% YTD in Customer deposits to ......read more
Highest Full-Year Revenue in LG Electronics’ History with Continuous Growth Based on Strong Fundamentals
DUBAI, January 30, 2023 — LG Electronics Inc. (LG) announced full-year 2022 consolidated revenue of KRW 83.5 trillion with operating profit of KRW 3.6 trillion.
In 2022, LG achieved its highest annual revenue ever – surpassing KRW 80 trillion for the first time in its history – increasing 12.9 percent over 2021, when sales exceeded KRW 70 trillion for the first time. The record sales reflect continuous growth based on strong fundamentals, although full-year profitability was impacted by challenging global economic conditions.
The company’s revenue growth 2022 was driven by strong demand for premium home appliances and automotive parts. For the seventh consecutive year, the appliance ......read more
• Qualified Investors are engaged in discussions for orders, and have requested an extension of the subscription period.
• Regulatory approval to extend has been received, Qualified Investors will use this extension to finalize internal approvals and submit their orders.
Doha, 30 January 2023
QInvest LLC, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions globally, acting in its capacity as Listing Advisor and Offering Manager on the potential initial public offering of MEEZA QSTP LLC, a leading provider of end-to-end IT services in Qatar, hereby announces, as per Qualified Investors request, extending the Book Building Subscription Period by 10 business days to end at 3:00PM local time on 9 February 2023. Qualified Investors will use this extension to ......read more
AD Ports Group has maintained its ‘We Invest in People’ Platinum Accreditation for 2023, demonstrating its pledge to holistic employee growth and dynamic people development
Abu Dhabi, UAE – 29 January 2023: Having been the first organisation in the region to be awarded the prestigious IIP Platinum Accreditation by Investors in People (IIP) in 2019, AD Ports Group announced today that it has retained its ‘We Invest in People’ platinum-level accreditation for the fourth consecutive year, following a thorough strategic review assessment.
This prestigious accreditation is the highest accolade the ‘Investors in People’ bestows and is the highest that can be achieved against the IIP standard. Only two percent of 50,000 participating organisations from 66 countries, reached this ......read more
This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence
Doha, 30th January 2023 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, was named “Insurer of The Year in Qatar” for the second consecutive year at The MENA IR Awards 2023.
QIC’s recognition took place at the program’s annual awards ceremony held last week in Dubai and attended by senior representatives of regional and global insurers, rating agencies, and auditors.
This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence over the past 12 months, offering customers in Qatar the best coverage options and the unique ......read more
Qatar Museums, IN-Q Enterprises and Groupe Ducasse Paris celebrated 10 years of collaboration with an exclusive Chef’s Table evening with VIP guests as well as Doha’s top influencers and media who enjoyed an elaborate culinary presentation with Alain Ducasse
Doha, 28 January 2023 -- IN-Q Enterprises (IN-Q), the commercial arm and a wholly owned subsidiary of Qatar Museums (QM), hosted a Chef’s Table event on January 17 to celebrate the 10th anniversary of IDAM by Alain Ducasse at the Museum of Islamic Art (MIA) and the decade-long partnership between Groupe Ducasse Paris and Qatar Museums.
The Chef’s Table featured an elaborate culinary presentation boasting a combination of flavours crafted by Alain Ducasse Executive Chef, Jeremy Cheminade and IDAM’s Head Chef, Fabrice Rosso and Head Pastry ......read more
Dubai, UAE, 28th January 2023: Arab Bank Group achieved solid results for the period ending December 31, 2022, with net income after tax of $544.3 million as compared to $314.5 million in 2021. The Group’s performance was driven by robust growth in its core banking business across different markets, as net profit before provisions and tax increased by 23% to reach 1.35 billion US dollars.
Excluding the impact of devaluation of several currencies against the US dollar, loans and deposits grew by 5% to reach $35.4 billion and $ 47.7 billion, respectively, despite the volatile operating environment.
In view of these results, the Board of Directors has recommended to the shareholders, the distribution of 25% cash dividends for the financial year 2022.
Mr. Sabih Masri, Chairman of the Board of Directors, commented that Arab ......read more
- Burgan Bank’s mobile app becomes the highest-rated banking app in Kuwait with an average rating of 4.65
- A slew of awards in 2022 placed Burgan Bank as the Best Integrated Consumer Banking Site award from Global Finance magazine in 2022
- In-app surveys show customer satisfaction at 92.6%
Kuwait, 28 January 2023: Following a year of relentless digital innovation, Burgan Bank has closed 2022 with four awards from Global Finance magazine, after seeing its advanced digital banking app land the highest rating on the iOS App Store and Android Google Play Store in Kuwait, with an average rating of 4.65.
The four awards include ‘Best Information Security and Fraud Management’ for developing one of the region’s best security and fraud management ......read more
The best monthly return of up to 2%, the best cashback program with up to KD 600 in returns, and the best digital loyalty program
Kuwait, 28 January 2023 – In its commitment to reward its customers, and its keenness on offering an unprecedented banking experience, Kuwait International Bank (KIB), has launched ‘The Best’ program of its kind in Kuwait, full of benefits and products that meet the needs of all its customers and live up to the demands of their modern lifestyle.
Both current and new KIB customers can enjoy a wide array of benefits and products designed to meet all their needs, beginning with Dirwaza account, an investment saving account based on the Wakala investment principle with expected profits of up to 2% distributed monthly, in addition to cash prize draws throughout the year, set to commence in ......read more
27 January 2023 – Qatar Sports Investments, the Qatari sovereign wealth fund for promoting sport and founder of Premier Padel, together with the International Padel Federation, the global governing body of padel, and the Professional Padel Association representing the leading men’s professional players of padel, has agreed to talks with Damm, the owner of Setpoint Events and organiser of the World Padel Tour, on potential positive collaborations and outcomes within the sport of padel.
Under the governance of the International Padel Federation, padel is widely-regarded as the fastest growing sport in the world – notwithstanding the enormously competitive sports landscape. In light of the common missions of Premier Padel, the International Padel Federation and the Professional Padel Association to develop the sport to ......read more
Riyadh, Saudi Arabia. 25 January 2023 - Saudi Arabia reiterated its commitment to build bridges across geopolitical and economic divides at the World Economic Forum (WEF) 2023 Annual Meeting in Davos, Switzerland last week.
His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs, led the Saudi delegation of nine ministers and high-level officials, and told the world that geopolitical stability is key to energy security, and the Kingdom has “become the meeting place between East and West”.
During the week, Saudi Arabia hosted a dialogue titled ‘Toward a Resilient Urban Resource Nexus’, with key international public and private sector stakeholders from regional and global organizations discussing the sustainability of future cities.
His Highness Prince Faisal, Her Royal ......read more
THE ‘MAJOR’ TOURNAMENT WILL BE THE FIRST EVENT OF 2023 AND WILL TAKE PLACE FROM 26TH FEBRUARY TO 5TH MARCH
REST OF THE 2023 SEASON SCHEDULE TO BE ANNOUNCED SHORTLY
DOHA, 26 JANUARY 2023 – Premier Padel will launch its eagerly anticipated 2023 season with the Ooredoo Qatar Major Premier Padel, which is formally announced today. The tournament will be the inaugural event of the 2023 season, as padel continues to go global with Premier Padel’s premium, professional and unmatchable events across South America, Europe, the Middle East and Africa, gracing venues including the world-famous Stade Roland Garros and Foro Italico amongst many others.
The Ooredoo Qatar Major Premier Padel will take place from February 26th to March 5th at the internationally renowned Khalifa International Tennis & Squash ......read more
Kuwait, 26 January 2023: Al Ahli Bank of Kuwait (ABK) announced Sheikha Badreyah Sabah Al Salem Al Sabah as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 23 January 2023. The draw was held under the supervision of the Ministry of Commerce and Industry
The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only.
ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 30 January 2023. ......read more
• All financial outlook metrics met in FY 2022
• Cloud revenue up 33% and up 24% at constant currencies in FY 2022. Q4 S/4HANA cloud revenue further accelerates, up 101% and up 90% at constant currencies
• Current cloud backlog exceeds €12 billion, up 27% and up 24% at constant currencies
• IFRS cloud gross profit up 38%, non-IFRS cloud gross profit up 37% and up 28% at constant currencies in FY 2022
• IFRS operating profit flat, non-IFRS operating profit down 2% and down 7% at constant currencies in FY 2022. Q4 IFRS operating profit up 17%, non-IFRS operating profit up 5% and up 2% at constant currencies
• 2023 outlook anticipates accelerating topline and double-digit non-IFRS operating profit growth
• Targeted restructuring in 2023 reflects focus on strategic growth areas and ......read more
In order to get listed on Qatar Stock Exchange, Constitutional General Assembly declares conversion of Dukhan Bank to a Qatari Public Shareholding Company
• Constitutional General Assembly Meeting (CGAM) ratifies Dukhan Bank’s memorandum and articles of association
• CGAM appointed the Bank’s external auditor for the year 2023, approved their fees and appointed Sharia Supervisory Board for a period of three renewable years
• The CGAM also approved the appointment of the first board of directors
DOHA, QATAR, 26 JANUARY 2023: The Constitutional General Assembly Meeting (CGAM) of Dukhan Bank was held via videoconference on Wednesday, January 25 2023, under the chairmanship of H.E. Sheikh Mohammed Bin Hamad Bin Jassim Al-Thani, Chairman of the Board, and in the presence ......read more
The first annual event attracted nearly 350 guests including government officials, suppliers, media, and other business executives
Panda Retail Company yesterday held its first annual event for suppliers: "PACE" (Panda Annual Collaborative Event), at The Venue Jeddah Corniche Hotel. PACE focused on empowering people to live a better life, discussing the local and international impacts of inflation, and finding solutions to ensure consumers are protected from the worst inflationary effects. PACE was attended by more than 300 company executives and key journalists who were keen to cover the event.
Inflation and food security
The CEO of Panda Retail Company, Dr. Bander Talaat Hamooh, confirmed the importance of establishing the "PACE" event, which comes as an extension of the support ......read more
Ras Al Khaimah, 26 January 2023: Ras Al Khaimah Economic Zone (RAKEZ) welcomed over 4,200 new companies to its business community in 2022, recording 18% growth compared to 2021.
Commenting on this economic growth, RAKEZ Group CEO Ramy Jallad shared, “The latest numbers are indicative of how far we have come with our commitment to position the emirate of Ras Al Khaimah as a preferred hub for SMEs and industrial players. The fact that thousands of new companies have chosen us is a testament to our progressive strategies, innovative solutions, and continuous efforts in supporting businesses of various types and sizes. We are marching into 2023 with the same spirit of facilitating the economic goals of Ras Al Khaimah and the UAE, while also catering to the unique needs of new investors and taking care of the existing companies ......read more
With the new brand action tagline, Panasonic reiterates its commitment to develop future-oriented solutions that enrich people’s lives and wellbeing while pushing sustainability to the fore
Dubai, United Arab Emirates: Panasonic Corporation has announced its new brand action slogan, “Create Today. Enrich Tomorrow”. With the new brand motto, Panasonic underscores its commitment to provide innovative products and solutions that help people live their best lives while enriching their well-being. The new tagline also reflects the company’s relentless efforts to make progress towards a greener planet for tomorrow.
Mr. Hiroyuki Shibutani, Managing Director, Panasonic Marketing Middle East and Africa (PMMAF), said: “The introduction of the new slogan highlights our ......read more
NBF posted record results achieving its best ever operating performance. Operating income reached AED 1.8 billion up 25.8% and operating profit surged 29.4% to reach AED 1.2 billion
NBF’s strong performance and record levels of activity delivered a solid turnaround supported by robust capital adequacy and sound improvement in asset quality
25 January 2023: NBF is pleased to announce its results today for the year ended 31 December 2022 in accordance with the approval received from the Central Bank of the United Arab Emirates.
NBF recorded year-on-year growth of 195.3% to close the year at a net profit of AED 340.4 million compared to AED 115.2 million in 2021. This reflects the bank’s long-standing customer centric approach, good quality ......read more
Dubai – January 25, 2022: QNET, the prominent e-commerce based direct selling company, announced that it is taking a future-ready stance by adopting a customer-centric approach. The company also stated that it will focus on sustainable practices through multiple avenues.
The company is working on long-term social impact programmes, primarily in underserved communities in developing countries. Other prominent CSR goals pursued by QNET include developing products with minimal carbon footprint, transitioning to eco-friendly packaging, and ensuring an ethical supply chain.
Commenting on the customer-centric approach to empowering people, Hussam Eldin Elmilliegi, Deputy Regional General Manager for the Middle East and North Africa, said, “We are happy to contribute our efforts to have a positive impact on the lives of people and ......read more
The competition kicks off with Padel before moving on to the Fitness Challenge
Kuwait, 24 January 2023: Kuwait International Bank (KIB) is set to open its two-week-long professional tournament, The Stadium, today with a grand opening ceremony that begins at 7 pm. The event is set to take place from. January 25 to February 6 at Marina Beach. The Stadium tournament, organized in collaboration with Suffix Events, is set to span two weeks, from January 25 to February 6, and is divided into two parts.
The first part of the competition will be a Padel competition for Kuwait’s and GCC’s top Padel male and for Kuwait’s and GCC’s top female athletes – in addition to a children’s competition – which will be held under the supervision of the Kuwait Padel ......read more
Doha, Qatar – January 24, 2023 – Dukhan Bank has announced Jassim Ali Al-Mejali as the winner of its QAR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce & Industry.
Thara’a, Dukhan Bank’s Shari’ah compliant savings account and the first in Qatar’s Islamic banking sector, offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari Riyals. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes.
On a monthly basis, there are 59 winners per draw for the cash prize of 5,000 Qatari Riyals each, as well as 2 winners per draw for the cash prize of 10,000 Qatari Riyals. ......read more
As part of its commitment to help customers monitor their budgets in an effort to promote saving habits
Kuwait, 23 January 2023: In an effort to help customers begin the year with a solid financial plan to achieve their New Year goals, Burgan Bank announced it has rolled out upgrades to Spending, its personal finance management digital solution. In line with Burgan Bank’s strategy, Spending aims at promoting smarter financial habits by facilitating the management of customers’ personal finances – as well as the tracking, organization, and analysis of their expenditures anytime and anywhere.
With the start of the new year, Spending gives Burgan Bank customers the opportunity to start fresh with a more financially organized year, as Spending enables them to keep track of their spending habits through detailed ......read more
RIYADH, January 23, 2023: Lazard Ltd (NYSE: LAZ) today announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm’s Financial Advisory business in the Middle East and North Africa (MENA), and CEO of Lazard Saudi Arabia, subject to regulatory approval. Wassim Al-Khatib will be based in the Riyadh office, which will serve as Lazard’s regional MENA Investment Banking hub.
"We are pleased to have Wassim join us as CEO of our MENA Investment Banking business," said Peter Orszag, Chief Executive Officer of Financial Advisory at Lazard. "With his extensive experience and proven track record, Wassim will work alongside MENA Chair Sarah Al-Suhaimi in leading our Riyadh office to continued success and in expanding Lazard’s engagement with clients in the ......read more
Doha, 22nd January 2023 – Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region joined along other partners in sponsorship of the “Doha Marathon by Ooredoo 2023” which took place on Friday, January 20th.
This year, runners were able to choose from multiple running categories including 1km, 5km, 10km, 21km, 42km making it an event that welcomed people of all ages and abilities. The course kicked off at Parade Pavilion, The Amir’s Grandstand – Al Corniche and then towards Katara, Lusail and back to Al Corniche, giving the 8,000 registered runners and spectators a view of Doha’s most iconic landmarks.
“Qatar Insurance Group believes in the positive power of sports to bring people together towards a shared purpose. That’s why we are proud to be able ......read more
With participating athletes from across GCC competing in Padel and fitness challenges
Kuwait, 21 January 2023: Kuwait International Bank (KIB) recently announced that it will be organizing and hosting the professional tournament, The Stadium, marking the first and biggest sporting event of its kind for men and women in Kuwait, with competitors hailing from Kuwait and the GCC. The event is set to take place from. January 25 to February 6 at Marina Beach. The news was announced at a press conference that was attended by Othman Tawfeqe, General Manager of the Retail Banking Department at KIB, Marwa Marafie, Assistant Manager of Marketing and Corporate Communication at KIB, Ahmed AlMajed, Managing Partner at Suffix Events, Ali Hayat from the Kuwait Padel Federation and Hamed AlHazeim, from the Public Authority of ......read more
As businesses await further clarifying Cabinet resolutions, PRO Partner Group is supporting companies prepare for full compliance
Dubai, UAE - January 20, 2023: Introduced in January 2023 and effective as of June 2023, the new 9% corporate tax rate has been met with mixed reactions from businesses operating in the UAE. Some companies have welcomed the move as a step towards greater economic stability and sustainability, while others have expressed concern about the potential impact on their bottom line. Overall, the new corporate tax is expected to affect the UAE’s business landscape significantly and will require companies to review their operations and financial planning carefully.
As UAE-based businesses await further clarifying Cabinet regulations, a more nuanced picture of the country’s corporate tax ......read more
Kuwait: 19-1-2023: Kuwait-based Arab Investment & Export Credit Guarantee Corporation (Dhaman) signed a memo of understanding (MOU) with Export Credit Greece (ECG) for bilateral cooperation and exchange of information to promote trade and investment between Kuwait and Greece.
The MOU was signed by Director-General Abdullah Ahmad Al-Sabeeh on behalf of the Corporation, and Greek Deputy Foreign Minister for Economic Diplomacy and Openness Konstantinos Fragkogiannis on behalf of Export Credit Greece (ECG).
The corporation’s director-general welcomed cooperation with the Greek agency, and the signing of the MOU, stressing Dhaman’s willingness to strengthen its role in promoting foreign investments in Kuwait and Arab countries, and boosting the exports of Kuwait and Arab Member States Countries to different ......read more
Leading producer of limestone products digitizes its business to raise efficiency and support industrial and manufacturing growth in Saudi Arabia and beyond
RIYADH, Saudi Arabia – January 19, 2023 – Infor®, the industry cloud company, announced today that Saudi Lime Industries Co (SLIC), a Saudi Arabia-based producer and supplier of limestone products, has selected Infor CloudSuite Industrial Enterprise powered by Amazon Web Services (AWS), to help simplify and automate its business and processes.
Infor CloudSuite Industrial Enterprise, a powerful composable platform based ERP solution preconfigured for discrete manufacturers, will boost SLIC’s ability to optimally meet surging demand for its products from sectors including construction, iron & steel, glass production, mining, and ......read more
25 January 2023- The Arab Brazilian Chamber of Commerce (ABCC) announced the participation of over 11 Brazilian food and beverages (F&B) companies at Gulfood 2023, one of the world's largest and most influential annual trade shows for the industry, which is set to take place from February 20 to 24, 2023 at Dubai World Trade Centre.
ABCC will highlight a comprehensive range of quality products including meat, nuts, coffee, pepper, sugar and candy through the companies participating in the event. The line-up of Brazilian companies at Gulfood 2023 will include agribusiness firms ......read more
19 th January 2023: Commercial Bank International (‘CBI’ or ‘the Bank’) has announced its full year 2022 financial results.
Key financial result highlights:
• Annual net profit increased by 15%, from AED 131 million in 2021 to AED 150 million in 2022.
• Quarterly net profit increased by 11% from AED 45 million in Q3 2022 to AED 50 million in Q4 2022.
• Loans and advances increased from AED 11.8 billion in 2021 to AED 12.9 billion as of 31 December 2022, representing a year-on-year growth of ......read more
• Masdar City Free Zone start-ups will gain access to AWS Activate and access to technical support to help build and scale their companies
• New programme comes as a sequel to previous collaborations between AWS and Masdar City - including an MoU to stage Amazon Web Services (AWS) International Exchange Sprint (IES) during COP28
United Arab Emirates – 19 January 2023: Masdar City, Abu Dhabi’s pioneering sustainable community and innovation hub, is collaborating with Amazon Web Services (AWS) to empower startups to build scalable and secure ......read more
DTT Group plans to invest USD 10 million to further expand its regional operations and fintech research and development
Dubai, United Arab Emirates – January 19, 2023: Direct TT, one of the world’s leading financial consultancy firms and part of the DTT Group, a globally recognised and regulated financial services provider, acquired the UAE Securities and Commodities Authority (SCA) license for Financial Consultancy and Financial Analysis. The DTT Group further announced its plans to invest USD 10 million over the next two years in its regional operations ......read more
Abu Dhabi, UAE - January 18, 2023: The Department of Municipalities and Transport (DMT) has announced the signing of two Memorandums of Understanding (MoU), one with Changwon City and one with the Korea Transport Institute (KOTI), which aim to promote the research and development of hydrogen energy and sustainable development strategies, strengthen cooperation in the field of low-carbon hydrogen public transportation, and facilitate the sharing of information and resources.
The two MoUs were signed on the sidelines of the UAE – South Korea Business forum held in Abu Dhabi on 16 ......read more
Partnership with General Authority of Islamic Affairs & Endowments will reduce 20% of electricity consumption in 850 mosques
18, January 2023: In line with the country’s strategy to conserve resources and rationalize consumption using the latest technology, Abu Dhabi Distribution Company (ADDC) has signed a Memorandum of Understanding (MoU) in collaboration with the General Authority of Islamic Affairs & Endowments (AWQAF) to invest approximately AED 20 million in a project that will optimize air conditioning (AC) equipment in 850 mosques, which equals 65% of the mosques in ......read more
The two-day event brings together a distinguished group of local and international speakers and guests between February 8-9
Sharjah, January 18, 2023: The Sharjah FDI Office (Invest in Sharjah), has revealed the partnerships for its upcoming sixth edition of the Sharjah Investment Forum (SIF). The Forum has partnered with ten private, public, and semi-governmental entities that will present visions for their sectors to government officials, CEOs, local and international speakers, and economic experts.
The Sharjah Investment Forum 2023 is set to take place on February 8th and ......read more
Online gaming in the UAE has been rising for quite some time. A combination of a young and tech-savvy demographic and high disposable incomes makes the UAE and gaming a match in tech heaven. With significant parts of the year experiencing scorching temperatures, it's little wonder the young are finding indoor entertainment as an alternative to leisure activity.
A small proportion still views gaming as a time-wasting venture and is concerned about its addictive nature, but the sector still registers year-on-year growth. However, the rise of esports—professional gaming ......read more
Abu Dhabi - 17, January 2023 – Statistics Centre – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed a service-level agreement that allows collaboration between the two parties in the field of statistical integration as part of a strategy to develop an advanced statistical ecosystem which provides high-quality statistics through a decentralised model.
The agreement was signed by HE Ahmed Mahmoud Fikri, the Director General of SCAD and HE Eng. Ahmed Mohammed Belajer Al Rumaithi, Undersecretary of the Abu Dhabi Department of Energy (DoE), on the ......read more
Hadhramout Commercial Bank (HCB) is the first universal bank to open its headquarters in Hadhramout.
The bank will provide commercial, retail, investment, corporate, digital, and private banking products and services through ICS BANKS Universal banking’s holistic software suite.
ICSFS will enable the bank to provide the most innovative digital products and services to its customers, to support the bank’s mission in becoming a leading universal banking institution in Yemen. Hadhramout Commercial Bank will be utilising ICSFS’ Digital Banking excellence and open banking ......read more
• Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry
DUBAI, United Arab Emirates, 13 January 2023: With its world-class infrastructure, advanced facilities, year-round sunshine, luxury marinas, award-winning tourism offerings, rich maritime history and picturesque coastline, Dubai has emerged as the quintessential yachting destination. Following Dubai’s participation recently at the Monaco Yacht Show, and the recent Gulf Superyacht Summit 2022 hosted ......read more
Dubai – January 12, 2022: QNET, the prominent e-commerce-based direct-selling company, has announced a range of initiatives to commemorate its 25th anniversary celebrations this year. The company has announced that it is seeking increased growth in the MENA region in 2023, in line with the company’s pledge to continue its journey of success in its 25th year.
QNET has been dedicated to empowering individuals to start their businesses and achieve financial independence through entrepreneurship since its founding in 1998. The company has grown exponentially over the years ......read more
Centre spans 23,000 sqm, and will facilitate research operations and two pilot production labs, a painting studio and offices, among other recreational spaces
Dubai, 11 January 2023: Group AMANA has announced the completion and handover of a major AED 150-million strategic project for Jotun MEIA FZ in Dubai Science Park. The state-of-the-art facility is part of the company’s new MEIA (Middle East, India and Africa) regional office, and covers a built area of 23000 sqm. This is the latest project delivered to the highest standard by AMANA Contracting, with optimal quality and ......read more
January 9, 2023 – Dubai, UAE – Beyond Technology, a global player in technology transformation, and Infinera successfully deployed a 3.6 Terabit network for a leading Middle East network operator to support the upsurge in global and local demand for the 2022 FIFA World Cup.
Leveraging Infinera’s industry leading ICE6 800G technology and installed in record time ahead of the world’s largest sports tournament in support of one of the world’s largest streaming platforms, the deployment ensured fast, seamless, high-quality, and nonstop connectivity for ......read more
• Kia to extend its support of the Australian Open as Major Partner to 2028
• 130 Kia vehicles to provide safe and efficient transport for players, officials and VIPs at AO23
• Kia EV6 GT to be showcased at new Grand Slam Oval Booth
• ‘Make your move’ interactive game experience featuring Rafael Nadal to encourage fan participation to generate power for EV6 fleet
• ‘Kia Clubhouse’ event for 20 children from Rafa Nadal Foundation to be held for first time at AO
(Dubai, United Arab Emirates) ......read more
Hiring a nanny online is easy if you know what to look for and where to go to find someone who is reliable. Make sure the nanny website you are using for research is well-established before you go down this particular path to hiring. Maid Finder not only allows one to search for nannies but provides an easy guide , how to screen nannies and other important details that are needed to have a thorough knowledge of the hiring process as well as an easy instalments visa option.
There are several advantages to hiring a nanny online. One is that you can do a good deal of research before ......read more
Al Adil, UAE’s leading name for Indian spices and masalas announced their Makar Sankranti specialities. Announcing this Dr. Dhananjay (Jay) Datar, Chairman & Managing Director Al Adil Trading Co LLC, said that this is the time to relive childhood memories and let the kite soar high in the sky. “This is a season to fondly remember and recreate everybody’s childhood experiences. To make this Makar Sankranti all the more special we have lined up a wide range of more than 10,000 products to provide a wholesome Makar Sankranti experience this year. The product lineup ......read more
Invest in Sharjah announce agenda for Sharjah Investment Forum’s (SIF2023)
6th edition, February 8 - 9, and reveal investor strategy for 2023
2021 showed positive gains after an 8% increase in issuing and renewal of business licenses compared to 2020, with 6,831 licenses issued and 54,299 renewed.
In 2020, Sharjah saw an increase in foreign direct investment of $220 million, creating 1,117 job opportunities.
This increased growth was driven by 4 vital sectors in the emirate; communications and information technology by 55.6%, food and ......read more
Dubai: January 9, 2022 - TCL Electronics, one of the dominant players in the global TV industry and a leading consumer electronics company, is honoured to have won not one, but two CES® 2023 Innovation Awards for its TCL Mini LED 4K TV 75C935 and TCL Mini LED 4K TV 75C835. The CES® Innovation Awards is an annual competition honouring outstanding design and engineering in consumer technology products. The announcement for this year’s honorees takes place today at CES® Unveiled New York, an intimate event with some of the tech industry’s most influential media to ......read more
• Al Mzrouei: HFZA is home to more than 180 companies specialized in welding and mining that operate globally from HFZA.
Sharjah-January 8, 2023: The Hamriyah Free Zone Authority (HFZA) in Sharjah has announced it is going to participate in the 18th edition of "SteelFab 2023" exhibition organized by Expo Centre Sharjah from January 9 to 12. The four-day event is scheduled to bring together industry leaders and experts from major countries in the field, along with top local and regional companies.
The Hamriyah Free Zone will showcase its leading role ......read more
Lucky numbers were 2, 18, 19, 20 and 49
21 winners shared 2nd prize of AED 1,000,000
8 January 2023, Dubai, UAE: Mahzooz’s 110th Super Saturday draws – the first draws of the year 2023- changed the fortunes of many participants and welcomed them into the good life. The draws witnessed 1,048 participants take home AED 1,658,400 in total prize money. Operated by EWINGS, Mahzooz, the leading weekly draw with the most frequent and biggest payout in the UAE has created 31 multi-millionaires and over 217,000 winners in a span of two years.
While the ......read more
UAE - January 5, 2022: An independent panel of diverse and distinguished public figures are meeting this week to continue reviewing nominations for the fourth edition of the Zayed Award for Human Fraternity and decide on the 2023 honoree(s). Nominations were received during the submissions period, from July to November 2022, and the honoree(s) will be announced in February 2023.
With their selection, the six judging committee members aim to recognize and support individuals and/or entities working tirelessly and selflessly across divides to create breakthroughs towards peaceful ......read more
• The UAE’s Ambassador and Permanent Representative to the United Nations shed light on the UAE’s progress and achievements over the past year on the UNSC
05, January 2023 – Abu Dhabi, United Arab Emirates: The Anwar Gargash Diplomatic Academy (AGDA), the UAE’s leading diplomatic centre that trains and prepares current and future diplomats, yesterday hosted Her Excellency Lana Nusseibeh, Assistant Minister of Foreign Affairs and International Cooperation for Political Affairs and Permanent Representative of the UAE to the United Nations, in an ......read more
Technology for connectivity and climate action
Tanja Rückert: “Sensors improve quality of life and reduce the environmental footprint of smart everyday companions.”
Mobility: new Bosch sensor-based innovations for greater road safety.
Sustainability: new generation of Bosch sensors for fitness trackers, particulate matter and altitude measurement are half the size and consume half the power of previous generations.
CES® Innovation Award: Bosch RideCare companion networked mobility solution receives Best of Innovation ......read more
DAE announces Full Year 2022 Business and Operational Highlights
Acquired 94 aircraft, sold 33 aircraft, signed 143 lease transactions
Booked 1.3 million man-hours in DAE Engineering
Dubai, U.A.E - 5 January 2023 – Dubai Aerospace Enterprise (DAE) Ltd today announced its business transactions update for the full year 2022:
• Number of aircraft acquired: 94 (owned: 46; managed: 48)
• Number of aircraft sold: 33 (owned: 10; managed: 23)
• Lease agreements, extensions and amendments signed: 143 (owned: 121; ......read more
Dubai – January 04, 2022: Crayon Data, a global leader in Big Data and AI services, was honoured at the 28th edition of the Enterprise 50 (E50) Awards as one of the 50 most successful companies based in Singapore in the past year. The event was graced by guest-of-honour Low Yen Ling, Minister of State for Trade and Industry.
The E50 Awards is jointly organised by The Business Times and KPMG in Singapore and sponsored by OCBC Bank. The awards have recognised more than 700 companies across key business sectors in Singapore since it was established in 1995.
The ......read more
His Highness Sheikh Theyab bin Mohammed bin Zayed, Member of the Executive Council, oversaw the partnership signing between Nassar Al Mubarak from RLM, Martin Edlund, CEO of MNM, and Professor Dr. Eric Xing, President of MBZUAI
Abu Dhabi, January 03, 2023 – His Highness Sheikh Theyab bin Mohammed bin Zayed, Member of the Executive Council witnessed the Malaria No More (MNM) announcement of the expansion of its climate and health initiative, Forecasting Healthy Futures, through a new 3-year, US$5 million award from the Reaching the Last Mile initiative ......read more
By Naren Vijay
The global business intelligence industry successfully consolidated its gains in 2022 that began from the accelerated adoption of BI tools due to the pandemic. The adoption is expected to continue to rise in 2023, with more businesses realising the importance of effective data management and its role in driving insight-based decision-making processes.
The global business intelligence industry is expected to grow from $23.1 billion in 2020, with a 7.6 per cent CAGR, reaching close to $33.3 billion by 2025. The data explosion and increasing data literacy have shaped ......read more
Dubai, UAE - January 2, 2023: Acme Intralog experienced double-digit growth in revenue in 2022 fuelled by robust demand for warehousing automation solutions in the region and internationally. The company achieved 30% increase in revenue compared to FY2021 and also expanded their regional workforce by 24% in order to be able to cater to the increased demand for industrial automation solutions in the region.
According to Navin Narayan, CEO of Acme Intralog: “Automation technology is pivotal to optimising warehousing operations for industries, and we are proud to say that ......read more
Petroleum Development Oman (PDO), the national oil company for Oman, partnered with the French startup “Spare Parts 3D” (SP3D), to assess the 3D printability of 150,000 unique spare parts.
In six months, the team processed 150,000 coded spare parts to define a 3D printing adoption matrix based on technical feasibility and economical attractiveness.
This was made possible thanks to SP3D data-driven funnel approach methodology, its unique machine-learning based software DigiPART, the availability of material coding information records and the commitment of a ......read more
Lucky numbers were 3, 22,31, 41 and 49
14 winners shared 2nd prize of AED 1,000,000
1 January 2023, Dubai, UAE: Mahzooz’s 109th and last Super Saturday draws in 2022 changed the fortunes of many participants and welcomed them into the good life to ring in the new year with style. The draws witnessed 1,103 participants take home AED 1,680,100 in total prize money. Operated by EWINGS, Mahzooz, the leading weekly draw with the most frequent and biggest payout in the UAE has created 31 multi-millionaires and over 217,000 winners in a span of two years.
While ......read more
Dubai, 30 December 2022: The General Secretariat of the Supreme Legislation Committee in the Emirate of Dubai (SLC) recently conducted a virtual informative workshop titled ‘Tort Liability of Direct Tortfeasor and Indirect Tortfeasor’. Legal officers from the SLC General Secretariat and other Dubai Government entities attended the workshop.
SLC Legal Advisor Dr. Faisal Hassan Al Omari, keynote speaker of the workshop, discussed several topics, including the basis for establishing tort liability; defining the concepts of direct and indirect tortfeasance, being the two ......read more
ERRA is expanding its scope of work in cooperation with international organisations
Sharjah, December 29, 2022: The Emirates Reprographic Rights Association (ERRA) signed a cooperation agreement with The Center for Reprographic Rights Administration of Argentina (CADRA), to defend reprographic rights of authors and publishers, along with protecting and promoting creativity and intellectuality.
The agreement was signed by Dr. Alyazia Khalifa, President of ERRA, and Luis Quevedo , President of CADRA.
It stated that each party shall, on behalf of the other, ......read more
Deal Well Received and Oversubscribed in International and Regional Markets
Kuwait, December 29 2022: Al Ahli Bank of Kuwait K.S.C.P is pleased to announce it has successfully closed a 37-month USD 825 million Term Loan Facility, securing the largest financing related to a Kuwaiti financial institution since January 2010.
The facility has been designed to be used for general corporate purposes and working capital requirements. The syndication was launched in October and the facility was signed 30 November 2022 in Kuwait.
The deal was well received in the international ......read more
New partnership designed to support aspiring entrepreneurs in Sharjah-led startups to expand their efforts into North American territories
Sharjah, December 28, 2022: The Sharjah Entrepreneurship Center (Sheraa) have announced a partnership with The DMZ, that will foster a new wave of entrepreneurial success for the entrepreneurs of Sharjah and empower 15 startups from the emirate to the DMZ-led soft-landing program.
The DMZ is a world-leading startup incubator based at Toronto Metropolitan University (TMU). The incubator helps to equip the next generation of tech ......read more
With the new year on the Horizon, QNET has announced a pledge to continue being unabashed in its advocacy for issues that it believes in and remain consistent on its CSR strategy. The e-commerce based direct selling company is looking back at a retrospective of its 2022 initiatives in the UAE for inspiration.
The company is deeply involved with humanitarian and charitable initiatives around the world through its CSR arm, the RYTHM Foundation (which stands for ‘Raise Yourself to Help Mankind’). QNET has committed itself to build a path toward a brighter ......read more
• The Visa Application Centres in Dubai and Abu Dhabi will accept applications for short stay visas
• Visa At Your Doorstep service available for enhanced convenience
The Estonia Ministry of Foreign Affairs has mandated VFS Global, the world's largest outsourcing and technology services specialist for governments and diplomatic missions, to provide visa services on their behalf to the residents of the United Arab Emirates. The contract was signed on 05 December 2022 by Mr. Jonatan Vseviov, Secretary General Estonia Ministry of Foreign Affairs, and Mr. Chris ......read more
Dubai is a global hub for fun, business, and tourism. It is an economic centre with a thriving economy, which makes it an attractive destination for expats looking to start their new life in the UAE. The city has excellent infrastructure, but it also offers a relaxed lifestyle where you can enjoy beautiful beaches and world-class shopping options.
Dubai was founded in 1833 as a port to support trade in the Persian Gulf region. Since then, it has probably become one of the wealthiest cities in the world thanks to its booming economy. The government has invested heavily in Dubai's ......read more