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    Featured in Banking and Investments
    Jaleel Holdings shifts its corporate headquarters to MVK Central in Majan, Dubai

    The sprawling premises, spanning over 77,000 sq.ft. and developed at an investment of AED 35 million, marks the 50th anniversary of the arrival of the Group’s founder and chairman Mr. M V Kunhumohamed in the UAE.    Dubai, United Arab Emirates, December 14, 2019:    Jaleel Holdings, the UAE-based leading investment company, which operates the region’s largest FMCG wholesaler Jaleel Cash & Carry, has moved its corporate headquarters from Central Fruit & Vegetable Market in Ras Al Khor to MVK Central in Majan, Dubai. This shift to the new dedicated premise marks the 50th anniversary of the arrival of Group’s founder and Chairman Mr. M V Kunhumohamed in the UAE.  Jaleel Holdings owns and operates wholesale, retail and distribution companies in the Fast-Moving Consumer Goods ......read more

    Gulf Electrical Power Laboratories is now operational to optimize power assets in the Middle East

    • Signed agreements with key customers and stakeholders in the GCC • Much-awaited laboratory poised to be the first in the region and largest in the world to begin construction     December 12, 2019:    Gulf Electrical Power Laboratories (CESI | GEPL), a state-of-the-art electromechanical testing facility, announced the commencement of their operations as a separate entity that provides localized and technical services from Saudi to the wider GCC region. This will be followed by construction of the much-awaited electrical testing laboratory poised to be the first in the region and largest in area. The announcement was made today at an official ceremony held at the Saudi Arabia Smart Grid in the presence of Dr. Khalid bin Saleh bin Abdullah Al-Sultan, Chairman of King Abdullah City for Atomic and ......read more

    MSC Cruises Signs Long-term Agreement With DP World for Preferential Berthing Rights at Mina Rashid in Dubai

    • Agreement set to further bolster line’s position as leading passenger cruise operator in the Gulf • Deal pledges bilateral environmental commitments between cruise line and the port’s operator • Contract inked onboard MSC Bellissima’s on the occasion of her maiden call ceremony to Mina Rashid     Dubai, United Arab Emirates – 11 December 2019 - MSC Cruises announced that it has signed a long-term agreement with DP World for preferential berthing rights at Mina Rashid in Dubai. Thanks to the additional volumes, the Geneva, Switzerland-based cruise line will further consolidate its position as the largest passenger cruise operator in the Gulf region.   The contract was formally signed today by the line’s CEO Gianni Onorato and Mohammed Abdul Aziz Al Mannaei, ......read more

    Zoho partners with Mashreq

    The partnership brings banking and accounting together in a single platform for businesses in the UAE   Dubai - December 10, 2019:   Zoho, a global privately held company that offers the most comprehensive suite of business software applications announced its partnership with Mashreq, one of the leading financial institutions in the UAE to bring connected banking solution in the region through Mashreq NeoBiz.  With this solution, NeoBiz account holders will have access to Zoho Books, the most powerful VAT-compliant accounting software, to eliminate manual data entry and automate reconciliation. NeoBiz is the first digital banking proposition in the UAE exclusively aimed at small and medium enterprises to empower them with smart choice to initiate, transact and manage their banking ......read more

    DHL Express expands UAE operations with new USD 5.5 million logistics facility at Dubai World Central

    New center will support the rapidly growing e-commerce sector in the UAE and help local businesses go global     Dubai, 9 December 2019:  DHL Express, the world’s leading international express service provider, officially opened its Dubai World Central Facility today. The new import and export gateway and service center will see DHL invest USD 5.5 million over five years to support the rapid growth of e-commerce in the UAE and the region.    Strategically located at the Logistics District at Dubai World Central (DWC), the center occupies 4,870 sq m. area and has a capacity to manage 2,400 shipments per hour and up to 57,600 shipments a day. The new facility will improve Pick-Up & Delivery performance in Dubai South and enable better commercial import and export capability at the Al ......read more

    Get Ready for Fun Filled Festivities with Champion Cleaners

    **Champion Cleaners are here to freshen up your home and wardrobe in time for the seasonal celebrations**     It’s that time of the year where you begin to bring out your much-loved winter wardrobe in time for all of your fun filled festivities. Normally, after long periods of time, the items in your wardrobe can start to smell musty - this can be the result of dust mites and other microorganisms that multiply in breeding when not cleaned often.   Whether it’s your Christmas Day jumper, your New Year’s Eve dress or your children’s best festive attire, Champion Cleaners have you covered; specializing in cleaning and restoring your most loved items, Champion Cleaners are here to keep your seasonal getup as fresh as new!   Now you have your ‘best dress’ booked in ......read more

    Juniper Networks Expands Enterprise Portfolio with Cloud-Managed SD-LAN and New CPE Devices

    New enhancements bring cloud agility and scale to more parts of the enterprise network, while lowering the cost of deploying and operating SD-Branch environments     Dubai, United Arab Emirates, December 08, 2019:  - Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced several enhancements to the company’s enterprise portfolio that bring additional flexibility, scale and cost savings to campus and branch network environments. The same cloud-managed Juniper solution for deploying and managing highly scalable SD-WAN deployments has now been extended to also include SD-LAN operations. In addition, the company has expanded its robust family of SRX and NFX CPE devices to include even more options for secure and scalable network ......read more

    Jebel Ali Port is Gateway to 65% of Polimer Exports From the Gcc

    DP World, UAE Region Showcases Strength in Petrochemical Sector at GPCA 2019   Dubai, United Arab Emirates, 08 December 2019:   Global trade enabler DP World’s flagship Jebel Ali Port handles 65 per cent of the polymer exports from the GCC region and has showcased this industry-leading strength at the 14th Annual GPCA Forum in Dubai, organized by the Gulf Petrochemicals and Chemicals Association on 3-5 December 2019.   A highlight of DP World, UAE Region’s participation at the 3-day event was the port’s enormous capacity to handle petrochemical and chemical products, as well as the world class integrated logistics hub created by Jebel Ali Port and Jebel Ali Free Zone (Jafza).   Over 10,000 petrochemical manufacturers and traders benefit from the high value added services ......read more

    GROHE received the “Red Dot: Brand of the Year”

    • GROHE convinces the jury with “a consistent brand profile, known globally as a name for first class industry-leading performance” • The Konzerthaus Berlin was the perfect setting for the awards ceremony of the prestigious Red Dot Gala evening  • GROHE’s booth from this year’s ISH also won a renowned Red Dot award     United Arab Emirates, Dubai, 4th December 2019:  In front of around 1,400 invited guests GROHE, a leading global brand for full bathroom solutions and kitchen fittings, was honoured as “Red Dot: Brand of the Year” on November 1st at the Konzerthaus Berlin. This exceptional accolade is awarded to the best brand in an industry. With its outstanding design quality and extraordinarily consistent conveying of its own values across different ......read more

    Deloitte Middle East Point of View: Disrupt the norm

    3 December, 2019 – The oil and gas industry in the Middle East region stands to potentially lose trillions of dollars by not fully embracing digital, says the Fall 2019 issue of Deloitte’s Middle East Point of View magazine.  Topics discussed by Deloitte’s experts in the latest edition include: The oil and gas industry in the Middle East, smart cities, digital service tax, and national mandates, along with a special focus on Cyprus. In their article Standing still is not an option, Bart Cornelissen, Energy, Resources and Industrials Leader and Youssef Barkawie, Partner, Consulting, note that the oil and gas industry is potentially losing trillions of dollars by not fully embracing digital. “The oil and gas industry needs to fundamentally re-imagine and change how operations are conducted and managed ......read more

    Arabic version of Zoho Creator launched to help businesses create custom applications

    The new version of Zoho Creator is also available on-premise    Dubai - Nov 30, 2019:   Zoho, the global provider of cloud-based business software with the most extensive portfolio in the industry, launched the Arabic version of its low-code development platform, Zoho Creator, aimed to help businesses create custom applications.  With Creator, business owners who do not have any coding experience can easily create custom apps using its simple drag-and-drop interface. In the Arabic version, the orientation of the UI is reversed, allowing businesses to build fully Arabic apps with easier to use UI and right-to-left data entry capabilities.  For businesses who do not wish to keep their data in the cloud, or would like to opt for third-party public clouds, the company has also launched an ......read more

    China Homelife the Largest China Sourcing Platform Set to Showcase a Wide Variety of Products

    Dubai, United Arab Emirates, November 30, 2019:   Scheduled to take place in Dubai, the China Homelife Exhibition returns to the city on December 17-19 at the Dubai Exhibition and Convention Centre. With over 2500 exhibitors and 100,000 products, they represent genuine and verified manufacturers. As the largest China sourcing event in the MENA and South East Asia, it covers a range of industries including, textile and garments, building materials and hardware, lighting, furniture and home electronics. This year there will be several launches especially in the home and consumer electronics as well as household products.  China Homelife is the leading overseas exhibition that focuses on potential markets along the ‘One Belt One Road’ Chinese initiative. According to the UAE Ministry of Economy, China is a ......read more

    Zambian President affirms commitment to bolster UAE ties

    • During a visit to Dubai Chamber, HE Edgar Chagwa Lungu calls on UAE companies to explore attractive investment and trade opportunities emerging across Zambia  • HE Majid Saif Al Ghurair: There is plenty of scope to expand Dubai’s non-oil trade with Zambia which has increased steadily in recent years to reach $206 million in 2018 • Agriculture, food processing, tourism, renewable energy, logistics and commodities identified as priority sectors where UAE companies and Zambian counterparts can boost cooperation     Dubai, UAE - November 28, 2019:   Recent statistics show vast untapped potential to boost Zambian exports to the UAE and further explore bilateral business opportunities, HE Edgar Chagwa Lungu, President of the Republic of Zambia, said yesterday during a visit to ......read more

    Formula 1 meets Virgin Hyperloop One: California-based Developer to Showcase Passenger Pod at This Year's Abu Dhabi Grand Prix

    As speed- and thrill seekers flock to Abu Dhabi for the Grand Prix this weekend, visitors will be presented with a rare opportunity to enter the Virgin Hyperloop One passenger pod that promises to move people and cargo at speeds exceeding 1,000km/h. ABU DHABI, UNITED ARAB EMIRATES - NOVEMBER 28, 2019 – Virgin Hyperloop One (VHO), the world’s leading hyperloop company, today announced its participation at this year’s Abu Dhabi Grand Prix, the most anticipated racing event in the Middle East. The annual event is taking place from November 29th - December 1st, at Yas Marina Circuit in Abu Dhabi.  An Abu Dhabi debut, VHO is presenting visitors, racing fans, and thrill seekers at the Formula 1 circuit with the opportunity to encounter a true 21st century travel experience. The racing event, which will ......read more

    Cisco Advances Solutions to Simplify Cybersecurity Processes in Saudi Arabia

    Riyadh, KSA, 28 November 2019:     Focused on placing cybersecurity at the heart of digitization, Cisco Security has unveiled platform enhancements and services to help CISOs simplify their environments, increasing the speed of threat detection and remediation, while protecting users and their data.  The Kingdom’s National Cybersecurity Authority is striving to create a safe and resilient digital ecosystem, enabling citizens to fulfil their aspirations and empowering businesses to thrive. As more organizations actively embrace digital transformation, the role of the CISO and the necessity for a comprehensive, unified cybersecurity infrastructure becomes instrumental to their success.    Keen to help local businesses address these challenges, Cisco’s approach features an open ......read more

    GROHE Goes ZERO – Carbon-Neutral Production by 2020

    • GROHE has been able to increase its energy efficiency by 24% and reduce greenhouse gas emissions by 40%, far exceeding its sustainability targets  • In July 2019, the global brand converted all of its production plants to run on green electricity  • In the future, GROHE will offset unavoidable CO2 emissions with compensation projects      United Arab Emirates, Dubai, 28 November 2019:   Sustainability has been an essential element of GROHE's corporate strategy for almost 20 years now. As early as 2000, the global brand for complete bathroom solutions and kitchen fittings committed itself in its "principles and guidelines for sustainability" to continuously improving all products, processes and services in terms of protecting the environment and ......read more

    J.D. Power announces 2019 UAE Sales Satisfaction Index

    • 57% of customers rely on digital platforms during the new vehicle purchase journey • 92% of Customers still engage with dealers via physical visits • Sales experience is less smooth for female vehicle buyers • Toyota ranks highest in overall sales satisfaction among mass market brands • Mercedes-Benz ranks highest in overall sales satisfaction among luxury brands   Dubai, UAE: 27 Nov. 2019 — An increasing proportion of customers are taking advantage of digital platforms during the new vehicle purchase journey (57% in 2019 vs. 42% in 2018), according to the J.D. Power 2019 UAE Sales Satisfaction Index (SSI) Study,SM released today. However, the study also finds that digitalisation cannot completely replace the personal aspect delivered through human ......read more

    Revive Your Haute Couture Collections with Champion Cleaners VIP Couture Cleaning Service

    **The Five Star Dry Cleaning Company has launched their new VIP couture service for customers in the region**   Dubai, UAE - November 27, 2019:  Owning a wardrobe of haute couture pieces can quite often be expensive to maintain. Each item is crafted by hand with extra attention to detail and the best quality materials are used in the skillful making of your rare and exquisite items. That’s why they are often seen as more than just fashion, they are viewed as pieces of art. So, when it comes to maintaining and preserving these special pieces, we only want the very best for them, and we know who exactly can help – Champion Cleaners!   With Champion Cleaners new VIP Couture service, you now have the option to clean and restore your most loved pieced by their dedicated garment assessment managers and ......read more

    Chatbots are revolutionising the Middle East retail industry

    VIAFONE Technologies created Chatbots for Mall of the Emirates, Dubai and 360 Mall in Kuwait  85% of all customer interactions by 2025 will be handled without a human agent Chatbots to provide annual savings for retailers of $439 million globally by 2023   November 26, 2019; Dubai, UAE:   Artificial Intelligence (AI) is growing by leaps and bounds and technologies such as Chatbots have become an integral part of this digital transformation. Data from Juniper Research suggests that Chatbots leveraged for customer service have a strong potential to reduce costs; with deployments realising annual savings for retailers of $439 million globally by 2023, up from just $7 million in 2019. Presenting at the recently concluded Retail Congress MENA 2019, Mr. Souffiane Houti, the Founder and COO of VIAFONE ......read more

    SmartCrowd, MENA's Only Regulated Real Estate Investments Platform Graduates from DFSA's ITL and obtains full license

    Dubai, UAE - November 26, 2019:   SmartCrowd Limited, a Dubai-based company and MENA’s first financially regulated real estate investments platform (REIP) has announced today that the company has fulfilled all regulatory requirements and graduated to a full license from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services based in the Dubai International Financial Centre (DIFC).   Prior to its full license, SmartCrowd was operating under an “Innovation Testing License” as part of the DFSA’s regulatory sandbox program. The new license will permit SmartCrowd to open its platform to international investors and offer international real estate investments.    Founded in 2017, by Siddiq Farid, SmartCrowd uses a crowdfunding model to democratise real ......read more

    Sunny Leone unveils the cover page of Filmfare magazine's December issue

    Dubai, UAE - November 26, 2019:  Filmfare ME sets the benchmark for film content in the Middle East and the December issue of the magazine features the bold and beautiful Sunny Leone for the first time on the cover page of Filmfare Middle East magazine. The cover was unveiled by Sunny herself, along with the franchise owner of the magazine Mr Rizwan Sajan at Bollysports Casino Cafe Dubai, which is the official venue of all Filmfare ME cover launches. He was joined by BCC owner Manush Shah and Amit Majithia. The magazine caters predominantly to the large Asian expatriate population in the UAE and the GCC, as well as a significant Arab population who love their cinema and celebrities. Since the launch of the magazine, the cover page of the magazine is always the talk of town, featuring some renowned Bollywood faces every month. ......read more

    VFS Global launches Philippines ePassport Renewal Centre in Dubai

    • Contract signed for ePassport Renewal Centres in two locations (Dubai and Abu Dhabi) in the UAE; to be rolled out in phases • This marks the first time The Republic of Philippines Department of Foreign Affairs has outsourced its passport renewal process for its Nationals living abroad • VFS Global operates 87 Passport and Consular Services centres on behalf of 5 Governments in 27 countries worldwide     Dubai, UAE - November 25, 2019:  In a bid to ease the passport renewal process for Philippine nationals living in the UAE, The Republic of Philippines Department of Foreign Affairs and VFS Global have signed a contract to provide Passport Renewal services.   Mr Brigido Dulay, Undersecretary Consular & Civilian Security Concerns and Mr Chris Dix, Head of Business Development, ......read more

    Organisers announce launch of second Sports Imprint Award

    A joint initiative of DSC and Watani Al Emarat Foundation, the Award honours individuals and institutions for their humanitarian work in the sports sector   Dubai, UAE - November 25, 2019:   The organising committee of the Sports Imprint Award, a joint initiative of Dubai Sports Council and Watani Al Emarat Foundation, have announced the launch of the second edition of the Award, which honours individuals and organisations who spread positive values in society through their humanitarian projects in the sports sector. Following directives from His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Sports Council, the Sports Imprint Award was launched last year under the framework of Watani Al Emarat’s “Humanitarian Work Awards” and the Landmark ......read more

    GCC insurance industry to witness growth revival, forecasts Alpen Capital

    Dubai, UAE - November 25, 2019:     Alpen Capital (ME) Limited, Dubai-headquartered investment banking advisory firm, announced the publication of its latest report on the GCC Insurance Industry for the year 2019. The report provides a comprehensive overview of the GCC insurance sector and outlines the recent trends, growth drivers and challenges in the sector. It also profiles some of the prominent insurance companies in the region. “The GCC insurance industry which maintained a positive momentum over the years, witnessed a slowdown in GWP’s due to sluggish economic conditions during 2016 and 2018. However, going forward, we anticipate the GCC insurance sector to grow at a moderate pace owing to economic revival, growing population, strengthening regulatory reforms and continued implementation of ......read more

    DAFZA discusses future collaboration with Bank of China Delegation

    Dubai, UAE - November 24, 2019:   Dubai Freezone Authority (DAFZA), represented by Director General, His Excellency (H.E.) Dr. Mohammed Al Zarooni, and a number of officials this week welcomed a delegation from the Bank of China, led by Executive Director of the Board Mr. Lin Jingzhen and senior delegates. The meeting took place at DAFZA Square Business Center to discuss future collaboration and business prospects.  During the visit, the Chinese delegation learned about DAFZA’s experience over the last two decades in attracting and increasing foreign direct investment. This has played a vital role in developing sustainable economic growth in Dubai, driving business across more than 20 key sectors. The delegation also heard about DAFZA’s latest services that are offered to international companies, ......read more

    Other Top Stories from Banking and Investments
     
    6 Reasons to Take Out an Auto Loan for your Next Car Purchase

    A car is a big investment, and not everyone can afford the upfront costs of purchasing one. Rather than not buy a car at all – which isn’t a practical solution if you’re due an upgrade – you can split your payments into more manageable chunks by taking out an auto loan. An auto loan, or a car loan, is a loan that you take out which pays the upfront costs of a vehicle for you. You will then repay your lender based on the agreed terms, with added interest. Most loans will be secured by the cost of the vehicle, which means that if you fail to pay it back on time, your ......read more

    WCU: Commodities caught between weak data and trade hopes

    Dubai, UAE - November 24, 2019:  The Bloomberg Commodity Index traded lower for a third week with macro-economic data continuing to signal further weakness ahead. Losses in energy, led by natural gas and not least industrial metals, courtesy of a nickel drubbing, were only partly off-set by gains in precious and platinum group metals. The agriculture sector was mixed with soybeans and cotton drifting lower while coffee continued higher on improved fundamentals.    Economic data from major economies continue to highlight that the low point in global growth most likely ......read more

    Mimecast Threat Intelligence Report Analyzes 99 Billion Rejected Emails

    Transportation, Legal and Banking Sectors Hit the Hardest by Cyberattacks, According to New Mimecast Report     Dubai, UAE – November 20, 2019:   Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced the availability of its quarterly Threat Intelligence Report: Risk and Resilience Insights. The report provides technical analysis from the Mimecast Threat Center from July -September 2019 on the nature of attack campaigns in addition to observations and analysis of evolving threats. Outlining the trends emerging from ......read more

    Wethaq launches first ‘fintech' Sukuk on its market infrastructure using SWIFT gpi Link

    Dubai, 19 November 2019:   Today, Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial Services Authority.   Al Ghurair Investments LLC (AGI) acted as the issuer, advised by Mashreqbank PSC acting as lead arranger, R3 as protocol provider, Clifford Chance as legal counsel and the Dubai Islamic Economy Development Centre as mentor.  There is substantial demand for Sukuk issuances globally with a significant number of them offered out ......read more

    Ahmad Bin Shafar receives global recognition for his efforts in district cooling

    Dubai, UAE, 18th November 2019:   Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, attended a Gala Dinner organized by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) at Westin Dubai Mina Seyahi Beach Resort & Marina, Dubai. A delegation from ASHRAE, led by Daryl K. Boyce, President of ASHRAE Society and included Dr. Ahmed Alaa, RAL Director of ASHRAE, Farooq Mahboob, Vice President of ASHRAE, Hassan Younes, member of ASHRAE and President of ......read more

    Saudi Aramco's Debut IPO Could Support The Sovereign's Net Asset Position

    November 17, 2019:    S&P Global Ratings said today that Saudi Aramco's forthcoming IPO on the Saudi Stock Exchange (the Tadawul) could enable the sovereign to further strengthen its net asset position. And, if subsequently effectively deployed, the funds raised could be used to support longer-term economic growth in Saudi Arabia (unsolicited; A-/Stable/A-2). Saudi Arabia currently fully owns Saudi Aramco, which is the world's largest company by a significant margin. It plans to sell about 1%-3% of the company through an IPO.   We understand that the bulk of ......read more

    More than 700 insurance certificates issued for AFZ workers in cooperation with Dubai Insurance

    AFZ is the first free zone in the country to introduce the new system Ajman, United Arab Emirates (November 16, 2019):   Ajman Free Zone has confirmed the effectiveness of the new insurance umbrella launched several months ago in cooperation with Dubai Insurance to protect workers' rights and reduce the burden on investors of the free zone, as well as contribute to the government's efforts to protect the rights of this category. Ajman Free Zone pointed out that the number of beneficiaries of this initiative has reached more than 700 people since its launch last ......read more

    Empower develops AI based technology for TES operation saving

    Annual Saving of 6,880 megawatt-hours electricity    Dubai, UAE, 14 November 2019:   Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced developing of a new system that uses Artificial Intelligence (AI) to operate Thermal Energy Storage (TES) tanks at its district cooling plants. As per the results of a test run conducted at Empower’s Business Bay plant, it has been estimated that approximately 6,880 MWh of electricity will be saved annually in the operation of the district cooling ......read more

    SmartCrowd, MENA's Only Regulated Real Estate Investments Platform Graduates from DFSA's ITL and obtains full license'

    Dubai, UAE, November 12, 2019:  SmartCrowd Limited, a Dubai-based company and MENA’s first financially regulated real estate investments platform (REIP) has announced today that the company has fulfilled all regulatory requirements and graduated to a full license from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services based in the Dubai International Financial Centre (DIFC).   Prior to its full license, SmartCrowd was operating under an “Innovation Testing License” as part of the DFSA’s regulatory sandbox program. ......read more

    Beyond Compare: Craft and Culture Combine in Luxurious New Pen Collection

     Bentley Motors and Graf von Faber-Castell launch an exclusive new collection of writing instruments  New Ebony series combines natural luxury materials with finest quality craftsmanship  Incomparable design appeals to automotive lovers and connoisseurs of fine writing culture   Three distinctive writing instruments unite opulence and purpose     Dubai United Arab Emirates - November 12, 2019:   A unique partnership is continuing its journey in a new range of luxury pens by Graf von Faber-Castell for Bentley Motors. The ......read more

    Western Motors signs MOU with Emirates Driving Company

    Agreement seeks to promote off-road safety & sand dune adventures in the UAE Exclusive training course to be offered to new Western Motors Jeep Wrangler Abu Dhabi, 10 November 2019: Western Motors, Jeep authorized distributor in the Emirate of Abu Dhabi and member of ALFAHIM Group, has signed a Memorandum of Understanding (MOU) with Emirates Driving Company (EDC) to jointly promote safe off-road driving, encourage Jeepers to take their vehicles out into the UAE’s adventurous sand dunes and utilize their 4x4’s to their full potential. The partnership aligns with ......read more

    Wood, GHD Establish Consistent Global Processes to Manage Project Information, Making Every Project as Good as Their Best Project

    10 November 2019 - In a business and economic climate where embracing change is necessary to survive, having suffered from many years of poor productivity versus other industries, it is widely accepted that the construction sector has been slow to respond and adapt. McKinsey’s latest report – Imagining Construction’s Digital Future – supports the notion that construction’s lack of progress in adoption of digital technology and information sharing has meant owners and contractors have been exposed to increased risk, principally as a result of working from ......read more

    P&O Marinas and Fabulous Yachts Announce the 3rd Edition of the International Superyacht Summit

    Top Superyacht Marinas Developers, Superyacht Builders, Experts and Enthusiasts Will Gather in Dubai to Discuss the Impact of Superyacht Marina Developments in Lifestyle and Tourism, And The Emerging Trends in The GCC and Worldwide   Dubai, United Arab Emirates, 10 November 2019:  The third edition of The International Superyacht Summit has been confirmed to take place on March 11 and 12, 2020 in Dubai, UAE.  Under the patronage of DP World subsidiary P&O Marinas and initiated and co-organised by Fabulous Yachts, the next edition of The International Superyacht ......read more

    Metito's policy on water reuse identified as ‘progressive and disruptive' by global awarding body

    Metito received the ‘Progressive Disruptive Policy in Water Reuse’ award at this year’s International Desalination Award World Congress 2019     Dubai, United Arab Emirates - November 10, 2019:    The International Desalination Association (IDA) World Congress 2019, which recently took place during the celebration of Green Week, has recognised a number of outstanding global experts and companies in the desalination and water reuse industry.     Metito, the global provider of smart water management solutions, was honoured with ......read more

    Evonik confirms full-year earnings outlook despite ongoing weakness in global economy

    • 2019: Adjusted EBITDA to remain at least stable • Free cash flow outlook for full year confirmed and specified: around €700 million • Q3: Sales and operating earnings below year-ago period • Stricter cost discipline supports earnings       Dubai, United Arab Emirates - November 10, 2019:   Essen, Germany. Evonik is sticking to its full-year earnings outlook despite an ongoing weakness in the global economy.   The company expects adjusted EBITDA to remain at least stable compared with last year. Sales are now ......read more

    Brazil-Arab ties soars to greater heights with Year-on-Year trade balance growth of 50.57 percent

    Brazil’s exports to Arab states from January to October reached USD 10.34 billion UAE investments in Brazil currently stand at approximately USD 5 billion November 9, 2019- Trade relations between Brazil and Arab countries continue to soar to greater heights as seen in the recording of a Year-on-Year (YoY) growth of 50.57 per cent in trade balance from USD 3.1 billion from January to October 2018 to 4.68 billion during the same period of 2019, according to figures released by Arab-Brazilian Chamber of Commerce (ABCC). The latest ABCC statistics revealed that Brazil’s ......read more

    DuPont Announces 2030 Sustainability Goals

    Nine Goals Focus on Innovation, Operations and People to Deliver Business Growth with Societal and Environmental Benefits November 7, 2019 – DuPont (NYSE: DD) recently announced its 2030 Sustainability Goals, underscoring the importance of sustainability in fulfilling its purpose of delivering essential innovations to help societies thrive. The nine long-term goals are based on a critical assessment of the company’s capabilities coupled with the feedback of customers and stakeholders. The goals also draw inspiration from the United Nations Sustainable Development Goals (SDGs) ......read more

    Jafza – First Free Zone to Roll Out Workforce Protection Programme

    Thousands of Workers to Benefit as DP World, UAE Region’s Parks and Zones Sign Up with Dubai Insurance Company to Provide Wide-Ranging Cover   Dubai, United Arab Emirates, 06 November 2019: DP World, UAE Region’s flagship Jebel Ali Free Zone (Jafza), signed an agreement with Dubai Insurance Company (DIC) to roll out the Workforce Protection Programme that will cover the companies based in Jafza, National Industries Park (NIP) and Dubai Auto Zone (DAZ). The programme is geared towards supporting goals set by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice ......read more

    Dubai FDI signs MoU with Standard Chartered Bank

    Partnership to enable support & collaboration across global initiatives and projects related to attracting more investments into Dubai November 5, 2019: Dubai FDI, the investment development agency of Dubai Economy, announced the signing of a memorandum of understanding (MoU) with Standard Chartered Bank, to facilitate consultation, cooperation and exchange of information in areas of mutual interest and objectives. The agreement was signed between Fahad Al Gergawi, CEO of Dubai FDI and Rola Abu Manneh, CEO of Standard Chartered UAE branch, at Dubai FDI office. In line with Dubai ......read more

    Ajman Free Zone Sponsors Fifth Edition of the UAE-India Economic Forum

    The Forum, in Dubai, provided an opportunity to further the bi-lateral trade relationship existing between the UAE and India   Sheikha Al Nuaimi of Ajman Free Zone offered comment on the importance of business start-ups for the UAE economy     Ajman, United Arab Emirates (November 5, 2019):   Ajman Free Zone was a main sponsor of the Fifth Edition of the UAE-India Economic Forum held at the Waldorf Astoria, DIFC, this week. H.E. Abdullah Ahmed Al Saleh, Undersecretary for Foreign Trade & Industry, Minister of Economy was guest of honour at the ......read more

    The ITC and SOFRECOM partnership to deploy fiber network in the Kingdom of Saudi Arabia: Main achievements and ambitions 2 years after.

    November 5th, 2019:   Almost two years after the announcement of their partnership to pilot the implementation and management of Outside Plant (OSP) across Saudi Arabia's regions by 2020, the Integrated Telecom Company (ITC), leader in information and communication technologies in Saudi Arabia and Sofrecom, a subsidiary of the Orange Group, specialized in Consulting and engineering in the telecommunications sector, are proud to announce that they have connected more than 400,000 households to the FTTH network.   The partnership which started in 2017 between ITC ......read more

    Saxo Banks Marks a Decade in the Middle East

    Regional Assets Under Management Rise 25% on an annualized basis and client numbers grow five-fold over decade    Dubai, United Arab Emirates - November 04, 2019:    Saxo Bank, the leading fintech and regtech specialist focused on multi-asset trading and investment, is celebrating 10 years of operations in the Middle East, reporting a 25% annualized growth rate for assets under management and a five-fold increase in its regional client base. Growth has been spearheaded from Saxo Bank’s regional Dubai hub, which at the time of opening, was the first presence ......read more

    Dubai Dialogue 2019 examines business benefits of embracing sustainable innovation

    • Dubai Chamber’s largest sustainability conference brought together public and private sector stakeholders to discuss how businesses can harness sustainable innovation to tackle global challenges • Buamim: Technological advancements and growing consumer demand for sustainable products are leading more companies to make sustainable innovation a top priority      Dubai, United Arab Emirates - November 04, 2019:    A growing number of UAE companies are integrating sustainable innovation into their business models and reaping the benefits as ......read more

    TBI Receives ‘safest Bank in Iraq 2019' by Global Finance

    Abu Dhabi, November 3, 2019:   Trade Bank of Iraq (TBI) has been named "Safest Bank in Iraq" by Global Finance magazine in an exclusive survey as part of the publication's annual ranking of the World's Safest Banks. The award, in its 28th edition, evaluates the long-term foreign currency ratings from global ratings agencies Moody’s, Standard & Poor’s and Fitch and the total assets of the 1000 largest banks worldwide Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, who received the award at the ceremony held in in Washington ......read more

    Tabreed Reports Net Profit of AED 329.1 Million in the Third Quarter of 2019

    Moody’s reaffirms Tabreed’s Credit Rating     03 November, 2019:  Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading international district cooling developer based in UAE, released today its consolidated financial results for the first nine months of 2019, reporting an increase of 3.1% in the net profit to AED 329.1 million.    The company continues to meet the growing demand for district cooling solutions and has recently commenced supplying 12,000 RT of cooling services to the expansion of ......read more

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