Middle East’s GDP to grow 3.2% in 2018 and to around 4% in 2019
GCC’s GDP to grow 2.8% in 2018 and to around 4% in 2019
GCC oil GDP to grow 1.7% in 2018 and 2.8%% in 2019
GCC non-oil GDP to grow 3.7% in 2018 and 4.7% in 2019
Saudi Arabia’s GDP to grow 2.3% in 2018 and 3.8% in 2019
UAE’s GDP to grow 3.3% in 2018 and 3.6% in 2019
Dubai, UAE, November 23, 2017: According to ICAEW’s latest report (Economic Insight: Middle East Q4 2017), several economies in the Middle East, particularly those in the GCC, are transitioning towards a “new normal” in 2018, allowing spending to start gradually recovering. Overall, GCC GDP is expected to grow from just 0.3% in 2017 to 2.8% next year, and an acceleration from 1.4% in 2017 to 3.2% next year in the wider Middle East. ......read more
The first day of the conference will see a key panel session comprising leading banking technology experts deliberating on the growing need for Islamic banks to re-engineer in order to address evolving customer needs in the digital era.
Dubai, UAE, November 22, 2017: Middle East Global Advisors, a leading financial intelligence platform facilitating the development of knowledge-based economies in the MENASEA markets, will convene the 24th edition of their flagship offering – The World Islamic Banking Conference (WIBC), the largest and most prestigious gathering of Islamic banking and finance leaders in the world, on December 4th, 5th & 6th in the Kingdom of Bahrain. Based on a strategic partnership with the Central Bank of Bahrain, the three-day long forum will take place at the ART Rotana Hotel in Amwaj ......read more
TECHNAL®’s new non-fire rated curtain wall assembly with SIDERISE® perimeter fire protection successfully completes EN-1364-4 fire resistance test required in the UAE.
Dubai, UAE; November 22, 2017: Building fires are a major hazard to civilians and a cause of death globally with around six million people being seriously injured in fire accidents per annum resulting in over 500,000 deaths. In the GCC region too, where recent spate of fire incidents in high-rises has put the spotlight on the need to install quality façades that protect valuable life and property. In response to this, the UAE Fire and Life Safety Code 2017 has outlined stringent measures and regulations that building contractors must follow to protect façades; and one such requirement is compliance with EN-1364-4 fire resistance test for curtain wall ......read more
Dubai (UAE):Hielo Beverages,the maker of premium and luxury beverages marks its entry into Dubai(UAE) market which under the flagship brand name PEAUR.The initial roll out will see company promoting their PEAUR Natural Mineral Water sourced at Himalyan Ranges in Northern India,Natural Sparkling Mineral Water and PEAUR Natural nectar Based Fruit Juices. Initially the company has tied up with exclusive retail outlets, but in times to come the products will be available more widely.
The products have undergone months of trials and stringent quality controls after an extensive R&D conduct by the experts. The company has commissioned their ultra modern manufacturing facilities at Pristine locations in northern India at an investment of 18.5 Cr ₹".
Available in three different sizes 250 ml, 500ml and 1 liter, the ......read more
The organisation was named ‘Best UAE Private Bank’ in the international category and ‘Best Private Bank’ in the GCC for its bespoke investment management platform
Dubai, United Arab Emirates, November 20, 2017: Barclays has earned two Best Private Bank accolades at the WealthBriefing GCC Awards 2017, emphasizing the bank’s continuous commitment to delivering expert, tailored services across the regional and international private banking sector. Barclays landed the Best UAE Private Bank award in the international category, alongside Best Private Bank in the GCC within the Investment Management Platform category.
The WealthBriefing awards celebrate the leading private banks currently serving the GCC market, and comprise a distinguished panel of independent jury members. As a result, the awards are ......read more
Inaugural Supply Chain Conference featured speeches by industry thought leaders on best practices in the supply chain
Dubai, United Arab Emirates - 19 November 2017: Al Naboodah Group Enterprises (ANGE), one of the UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, took a leadership role on supply chain best practices by hosting its first Supply Chain Stakeholder Conference. With a strong theme of sustainability, the event was one in a series of measures that ANGE is undertaking to emphasise its commitment to adopt socially responsible practices throughout the supply chain.
The conference brought together ANGE executive management, strategic partners and stakeholders at the Meydan Hotel, with the aim to create a platform for constructive dialogue on supply ......read more
Abu Dhabi, UAE, November 16, 2017: The Steel Alliance Against Counterfeiting (SAAC), a non-profit industry initiative of 18 reputable manufacturers of steel tubular products, organized an open conference during ADIPEC gathering notably EPC contractors, distributors, utilities and customs. It was the opportunity to sum up the results of the SAAC members joint efforts and discuss further steps to effectively counter the use of fake steel products in the region. The SAAC members also presented anti-counterfeit measures for the main stakeholders of oil and gas industry, including end-users, governmental officials and media.
Over the course of two years, the SAAC has been actively promoting the responsible use of steel products to safeguard lives and the environment. The recent study on the use of counterfeit products in GCC ......read more
Dubai, UAE, November 16, 2017: The Dubai economy continued to witness strong economic progress despite challenging regional and global economic conditions. The sustained growth supports the UAE Centennial Plan 2071, which seeks to further raise living standards for future generations and create a sustainable society.
Dubai’s non-oil foreign trade increased to AED 344 billion in the third quarter of 2017, an increase of 13% year-on-year from AED 305 billion in the corresponding quarter of last year. Re-exports were the key driver of growth in the quarter, rising 34% to AED 103 billion, a relatively strong performance given the challenging geo-political backdrop.
Crown Prince of Dubai and Chairman of the Executive Council of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said: ......read more
~Winter Promotion sees one winner each day walk away with AED 10,000~
Dubai, 15 November 2017: It’s time again to hear the bated breath and pounding hearts of enthusiastic customers at UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, as it launches its Winter Promotion 2017 where every day one lucky customer will walk away with AED 10,000.
The promotion that kicks off from 17 November 2017 will conclude on 31 December 2017. A daily draw will be held, and winners will be announced each day on the brand’s various digital platforms, one of them being UAE Exchange Facebook page. Customers doing transactions – be it remittances, forex or bill payments - from any one of the 150 UAE Exchange outlets across the emirates or online money transfer from UAE Exchange ......read more
RAS AL KHAIMAH, 15 NOVEMBER 2017: Ras Al Khaimah International Corporate Centre (RAK ICC), has officially launched its Wills and Probate Registry (WPR) programme as part of a one-of-a-kind partnership with Dubai International Financial Center (DIFC), welcoming non-Muslims to register Wills that guarantee asset distribution and guardianship appointment according to their exact wishes. The enforcement of the Wills occurs through DIFC Courts and Ras Al Khaimah Courts.
Ramy Jallad, Acting CEO of RAK ICC and Group CEO of Ras Al Khaimah Economic Zone (RAKEZ), commented: “We live in a country filled with people from different walks of life who have different wishes on how they want their children and estates to be handled after a long and healthy life. With RAK ICC WPR, we provide non-Muslims the freedom to opt out of the usual ......read more
Technology partnership unlocks cost, productivity and speed benefits to cement Al Rawdah’s credentials as an innovation leader
Dubai, UAE – November 16, 2017: Emirates Modern Poultry Co., also known as Al Rawdah, has partnered with SAP to bring cutting edge technology to its UAE-wide operations. The partnership will see Al Rawdah implement SAP’s Enterprise Resource Planning framework to improve confidentiality, integrity, availability and customer support.
“The technology partnership, which first started earlier this year, is now seeing Al Rawdah adopt SAP ERP technology across all its operations, coupled with comprehensive business process re-engineering. The entire process will occur in stages, with full implementation expected to take 8 months,” said Mustafa Arshad, Manager Information ......read more
Dubai, UAE, November 15, 2017: Thales has today announced its plans to establish a dedicated United Arab Emirates Defence Service Centre in Abu Dhabi, with the goal of being closer to its customers and to offer a consolidated suite of services. The Defence Service Centre will bring together and develop the existing UAE based Thales expertise. The Centre will also provide training and transfer of knowledge to enhance Thales’ support to the UAE Armed Forces.
The new Service Centre will serve all divisions of the UAE Armed Forces and will span across the entire Thales portfolio of solutions. The Centre will ensure prompt and efficient service to promote satisfaction, build loyalty and drive Thales’ long-term growth.
Initially built on existing local support, the Service Centre will ramp up ......read more
The new breakthrough ATM solution will help the bank redefine banking experience
Dubai, UAE, November 15, 2017: NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions announced today, that Mashreq Bank, one of the leading financial institutions (FIs) in the UAE, has added the innovative NCR SelfServ 82 ATM, which is part of the NCR SelfServ™ 80 Series family that helps financial institutions redefine the banking experience and change the way consumers interact with the ATM forever. The first SelfServ 82 ATM was deployed at the Deira Branch, Head Office of Mashreq Bank in October.
Designed for ease-of-use and delivering an exceptional consumer experience and capable of handling the highest possible transaction volumes the SelfServ 80 series delivers the omni-channel experience whilst ensuring reliable and ......read more
Partnering on program with Airbus, TAQNIA, Saudi Arabian Airlines and other prominent Saudi companies
Winning participants to be announced in 2018
DUBAI, United Arab Emirates (Nov. 15, 2017): Rockwell Collins has joined an initiative with Airbus, TAQNIA Aeronautics, the Saudi Technology Development and Investment Company, Saudi Arabian Airlines and other Saudi companies to support the aviation innovation challenge, Entaliq in Kingdom of Saudi Arabia, to benefit the aerospace industry. The program is organized in conjunction with King Abdulaziz City for Science and Technology (KACST) based in Saudi Arabia.
Rockwell Collins will work alongside the partners to organize student workshops and provide employee mentors to students over the coming months. Interested students apply for the opportunity to share their ......read more
Hisense will obtain the TV business including production, research & development, and sales functions
Acquisition will further develop and grow Hisense international strategy for TV Business
Dubai, UAE: 15 November 2017: Hisense Electric Co., Ltd, a publicly listed subsidiary of Hisense Group announced the agreement to acquire Toshiba TV Productions for a total of US$ 113 Million (12.9 Billion Japanese Yen).
In this transaction, Hisense will purchase 95% stock shares of Toshiba Visual Solutions Corporation (“TVS”), a wholly owned subsidiary of Toshiba Corporation, with Toshiba holding on to its 5% stock rights. Hisense will acquire the TV business including production, research and development, and sales functions. Meanwhile, TVS will acquire a worldwide license to use the Toshiba brand in ......read more
Net profit up to AED6.3 million
(Dubai, UAE- November 15, 2017): Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and corporations in the region, has reported a net profit of AED6.3 million for the first nine month ended 30 September 2017 compared to a net loss of AED (12.8) million for the same period last year.
Gross insurance premium rose by 21.75% to AED802 million compared to AED659 million for the same period last year. The company’s total assets increased from AED1.47 billion at year-end 2016 to AED1.84 billion as of 30 September 2017.
Meanwhile, gross technical profit totaled AED 27.2 million compared to a profit of AED26 million reported a year earlier.
Son of DAMAC Chairman and Founder named “Future Star” for entrepreneurial spirit and potential in industry
Dubai, United Arab Emirates – 15 November 2017: Ali Sajwani, son of DAMAC’s Founder and Chairman, Hussain Sajwani, was recognised as one of Middle East’s “Future Stars” at a red carpet awards ceremony, held last night in Dubai that was attended by VIPs, business leaders from the region, and lifetime achievers from various industries.
Organised by Arabian Business, the Arabian Business Achievement Awards 2017 honoured business leaders who made significant contributions to the region over the last 30 years. At the event, Arabian Business also paid tribute to only nine young and talented individuals demonstrating enormous potential as future leaders in their ......read more
Oversubscribed facility focuses on growth opportunities & strategic expansion
Dubai, United Arab Emirates, November 14, 2017: Unatrac Holding Limited (“Unatrac”), the exclusive Caterpillar dealer in Ghana, Iraq, Kenya, Liberia, Nigeria, Russia, Sierra Leone, Tanzania and Uganda, announced today the successful completion of a $275m credit package comprising of a $225 million dollar five year revolving credit facility, with a $125m accordion option, and a $50 million dollar one year short term facility.
The facility, arranged by Barclays Bank PLC and J.P. Morgan Securities Plc who acted as Joint Global Coordinators, Bookrunners and Mandated Lead Arrangers, received significant interest resulting in the syndication closing oversubscribed.
The Mandated Lead ......read more
Dubai-UAE: 13 November, 2017: Noor Bank, a leading Shari’a-compliant bank in the UAE, today announced that it has partnered with Global Village, the region’s first and largest multi-cultural festival park.
Mufazzal Kajiji, Head of Retail Banking at Noor Bank, and Bader Anwahi, Chief Operating Officer of Global Village signed an agreement outlining the terms of the partnership at a ceremony that was attended by key representatives from both entities.
As part of the synergy, Noor Bank is the exclusive banking partner for Global Village. Noor Bank credit and debit card holders are eligible to receive a complimentary ticket on every entry ticket purchased at Global Village. The five-month promotion runs from 1 November 2017 to 31 March 2018 - almost throughout the duration of the current cycle of Global Village ......read more
The new partnership is in line with the rise in online trading observed across the nation
Dubai, UAE, 05 November 2017: With online trading on the rise in the UAE, global payment network UnionPay International and Mashreq Bank have announced a collaboration to ensure UnionPay cards are accepted on all online merchants of Mashreq Bank.
Research conducted by Payfort, an Amazon company, indicates that the region’s online transaction rates have increased by 22 percent with the UAE increasing by 21 percent in 2016. The research also revealed that the UAE led in terms of the dollar value of online transactions across the Middle East at USD12.4 billion.
The newly launched UPOP (UnionPay Online Payment) service will provide existing customers of UnionPay with a secure and efficient online payment solution in line ......read more
Dubai, UAE, November 11, 2017: Lombard Odier, leading global wealth and asset manager, has reinforced its dedication to the Gulf Cooperation Council (GCC) region with the prestigious ‘Overall GCC Private Bank’ award at the 2017 WealthBriefing GCC Region Awards ceremony last night.
With over 50 years of service in the region, Bank Lombard Odier & Co Ltd - Representative Office Dubai has been recognized by Wealthbriefing for four consecutive years and has received six regional awards in the past six years. The Bank has further proven its commitment to the wider GCC region in 2017 with a number of initiatives including a stronger workforce, strengthened links with local institutions, the addition of new services such as succession planning and relocation expertise, and significant growth in Islamic investments ......read more
The third edition of UAE - India Economic Forum 2017 focused on the vision of reaching US$ 100 billion in bilateral trade by 2020
The two-day Forum served as a window of opportunities to discuss regulations and policies for prospective investors and to understand the key areas of focus for government bodies
DUBAI – November 9, 2017: The UAE-India Economic Forum (UIEF) 2017, organized by UMS Conferences, concluded in Dubai on November 9, 2017 exploring bilateral economic and commercial relations between the two countries to the next level. The UIEF focused on the bilateral benefits of the increased collaboration in investment, trade, technology, renewable energy, healthcare, infrastructure, ports, banking and finance, and tourism between the UAE and India.
The third edition of the annual ......read more
DUBAI November 09, 2017: EFS Facilities Services, a regional leader in facilities management services across the Middle East, Africa, South Asia and Turkey, has been awarded a contract to launch an integrated facility management venture at King Abdullah Economic City (KAEC).
Under the terms of the agreement, EFS will provide integrated facilities management services across the city, including catering, transportation and value-added services such as the integration of smart technology and Computer Aided Facility Management (CAFM). The contract will run over an initial period of three years.
“King Abdullah Economic City is a major social and economic growth driver for the Kingdom of Saudi Arabia. As the city grows in complexity so too does its need for state-of-the-art integrated facilities management,” said ......read more
The money transfer mobile app and website add to the portfolio of digital assets.
Mobile app has features to track forex rates and fees via graphs for users to calculate the best times to transfer money.
Abu Dhabi, 09 November 2017: UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, announced the launch of its new money transfer mobile app and website in the United Arab Emirates, multiplying customer convenience with preferential exchange rates. The mobile app has features to track forex rates and fees via graphs so that users can calculate the best times to transfer money.
UAE Exchange customers, in the UAE, can now transfer money internationally by logging on to the money transfer mobile app or the website (http://ae.uaeexchange.com), and take advantage of ......read more
Dubai Knowledge Park, Society for Human Resource Management unveil findings of market research study: ‘Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’
Study identifies global HR trends, emerging HR hubs
Dubai-UAE: 8 November, 2017: Dubai Knowledge Park (DKP) and the Society for Human Resource Management (SHRM), the world's largest HR professional society, unveiled the findings of an in-depth market survey entitled ’Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’ at the HR Summit and Expo 2017 in Dubai.
Surveying HR professionals on their perception of the industry, the joint study aimed to identify global HR trends and emerging HR hubs, and gauge the expansion and risk appetites of HR organisations. The ......read more
United Arab Emirates, November 22, 2017 – Until recently, traditional retail banks were betting on nimble fintechs to up-end the industry. However, established technology firms – Amazon, Apple, Tencent and others – have emerged as the bigger, more immediate threat to retail banking as we know it.
Bain & Company, in its eighth annual retail banking study, partnered with Research Now to survey more than 133,000 consumers in 22 countries. It found that across most countries at least half of respondents said they are open to buying a financial ......read more
UAE, November 22, 2017 – Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has signed an agreement with IBMC Financial Professionals Group to provide Indians residing and working in the UAE to settle their monthly contributions to the Indian Government’s National Pension Scheme (NPS) in any of Al Ansari Exchange branches across the UAE.
The payment scheme tailored to the NPS members living outside India is the latest addition to Al Ansari Exchange’s increasing array of services offered to its Indian customers, which currently include ......read more
UAE, November 20, 2017 - Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, has announced that its CFO, Farah Arakji, placed third across all industries in the ‘Women in Finance’ category under the MENA CFO Awards held as part of the 11th CFO Strategies Forum MENA.
Developed in partnership with the UK-based Association of Chartered Certified Accountants, the Women in Finance award honors senior female finance executives who have shown outstanding leadership skills and have ......read more
UAE, November 12, 2017 - Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, reported strong financial results by achieving a combined net profit of AED 52 million (Policyholders and Shareholders before Qard Hasan) and an underwriting profit of AED 41.4 million as at end of Q3 2017. Shareholders net profit reached AED 47.2 million compared to AED 45 million for the same period last year, achieving an increase of 5 per cent.
The combined net profit of AED 52 million for the first nine ......read more
The third edition of UAE - India Economic Forum 2017 kicks off in Dubai focusing on the vision of reaching US$ 100 billion in bilateral trade by 2020
The 2-day Forum serves as a window of opportunities to discuss regulations and policies for prospective investors and to understand the key areas of focus for government bodies
DUBAI – November 8, 2017: The UAE Ministry of Economy plans to reaffirm its commitment to supporting the diversification and reinforcement of partnerships between the UAE and India as both the countries undergo new phases of economic ......read more
OurShopee- one of the trustworthy shopping website located in UAE and Oman declares the launching of its online shopping website in the first week of November in Qatar. Ourshopee reassured its customers about the genuine quality of its products by giving them the 100% guarantee that shopping on the site would ensure an authentic shopping experience.
“Ourshopee is one of the leading reliable online shopping company has been established in the first week of November in Qatar growing its services by treating its customers with care, concern and utmost devotion solving problems of ......read more
Governments, thought leaders, and key industry players steer the course towards sustainable and intelligent transportation
Dubai, UAE, November 7, 2017: Roads in the Gulf Cooperation Council (GCC) are on the fast-track for a smarter, safer and more sustainable future, as the region’s dedicated conference for autonomous, connected, and eco-friendly transportation got underway in Dubai today (7 November 2017).
The 3rd International Conference on Future Mobility (ICFM) takes place until 8th November at the Grand Hyatt Dubai, where more than 350 delegates, including government ......read more
UPS Revenue Rises 7% on Balanced Shipment Growth and Yield Expansion
International Operating Profit Climbs 8.9%; Currency-Neutral Profit* up 20%
Daily Export Volume up 19% for 3rd Straight Quarter of Double-Digit Growth
U.S. Domestic Revenue up 3.9% on Higher Package Demand and Yields
U.S. Operating Profit of $1.2B, Including $50M of Negative Hurricane Impact
Supply Chain & Freight Boosts Revenue more than 13%; Profits up 9.7%
Company Lifts Bottom of Guidance Range; Expects Full-Year 2017 Adjusted Earnings Per Share of $5.85 to $6.10
Dubai, United Arab ......read more
Dubai, November 7, 2017: Al Mal Capital PSC (AMC), a subsidiary of Dubai Investments PJSC and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has signed a partnership agreement with Azimut Group to jointly launch a Middle Eastern equity fund.
The Fund will be established by AZ Fund Management S.A., Azimut Luxembourg fund management company within its UCITS umbrella fund. The Fund will integrate the distinctive investment advisory capabilities of AMC with the Group’s global portfolio management team, comprising more ......read more
Abdullah Mohammed Juma Al Naboodah , Chairman for Saeed & Mohammed Al Naboodah Holding pledges his commitment to sustainable practices
Dubai, United Arab Emirates - 06 November 2017: Al Naboodah Group Enterprises (ANGE), one of UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, kickstarted Sustainability Week, a week-long employee engagement initiative aimed at creating awareness on the company’s most important sustainability topics.
The event was formally inaugurated by Abdullah Mohammed Juma Al Naboodah, ......read more
The UAE-wide campaign aims to encourage an open and honest dialogue about poor spending habits and the barriers to saving.
Dubai, United Arab Emirates, 6 November 2017: National Bonds, a leading UAE investment company, has launched a nationwide campaign to encourage UAE residents to identify personal challenges to saving in a bid to instill a culture of saving across the emirates.
National Bonds is calling on members of the public to open up about their financial excuses using the hashtag #SavingsExcuse. So, whether it is spending too much money on weekday takeaways or those ......read more
Event to Run Under Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum
Dubai-UAE: 4 November 2017: In line with the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, the Dubai Islamic Economy Development Centre (DIEDC) is gearing up to host the fifth Islamic Economy Award on 27 November, 2017 under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
A joint ......read more
Leading international brands line up range of innovative offerings customized for regional requirements at Intersec 2018
Dubai, UAE, November 2, 2017: Businesses and commercial enterprises in the Middle East are on the lookout for the latest in security solutions and foolproof monitoring systems, as they endeavour to ensure a safe and secure environment to conduct business.
This increasing appetite and demand from the region for cutting-edge solutions using innovative technology, means international security and safety providers are lining up to fulfil market ......read more
Mashreq exclusively offers personalized financing options for investors
Dubai, United Arab Emirates, 1st November 2017: Mashreq Bank, one of UAE's leading financial institutions, is the official banking partner for this year's Dubai Property Show in Mumbai in its third edition, which will take place from 03 to 05 November 2017 in Bandra Kurla Complex, Mumbai.
As the strategic partner for Dubai Property Show, Mashreq is facilitating purchases for Indian investors looking to invest in real-estate in Dubai by offering them a wide spectrum of financing options for ......read more
Dubai, UAE, November 2, 2017: Lombard Odier, global wealth and asset manager for private and institutional clients, is pleased to celebrate 30 years in Asia as it continues to grow its business in the region.
Lombard Odier first established its Asian presence in 1987, to fulfil the investment goals of global clients. With offices in Hong Kong, Singapore and Tokyo, today it manages private client and institutional wealth while offering solutions for global wealth planning.
Patrick Odier, Senior Managing Partner of Lombard Odier Group, said: “Over the past 30 years ......read more
Lemonbeat Climate Change
Dubai, United Arab Emirates, November 2, 2017: Dubai Carbon Centre of Excellence (DCCE) and Innogy International Middle East, the advisory arm of Germany’s largest power provider, have launched collaboration as part of the ongoing intensive sustainability and green economy efforts in Dubai.
Bit.B, is an innovative start-up backed by Innogy and focusing on the Internet of Things (IoT). Bit.B leverages a new wireless protocol known as Lemonbeat to allow for connectivity across a multitude of third party sensors. As process and cost-efficient ......read more
5th Year of the ‘Unilever Sustainable Living Plan’ marked by:
Event highlights progress against Collective Action via JAFZA Sustainability Network, Young Entrepreneur Awards and Zero waste to landfill blueprint
Dubai, November 1st, 2017: To mark the 5th year of the Unilever Sustainable Living Plan (USLP), Unilever Gulf hosted an event titled #DrivingCollectiveAction to brief stakeholders on collective efforts taken in the last year towards meeting the United Nations' Sustainable Development Goals (SDGs) and the UAE Vision 2021. Held on November 1st, 2017 at ......read more
UAE, October 31, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has launched its latest Winter Promotion under the theme ‘Win Your Dream Home’. Exciting prizes will be given away, including 1 kilogram of gold and cash prizes worth more than AED 75,000. The two-month long promotion will start on November 1 and will conclude on December 31, 2017.
For the second year running, Al Ansari Exchange is giving its customers the chance to win the grand prize of owning a ‘dream home’ worth AED 500,000 as well as other exciting ......read more
UAE, October 31, 2017 - The Department of Economic Development (DED) – Ajman is gearing up for the 4th Emirates Economic Planning Forum to be held under the patronage of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman and Member of the UAE Supreme Council of the Union. The national forum, which is set to take place under the theme ‘Overseeing the future in light of new economic changes’ from November 1 to 2, 2017 at the Emirates Hospitality Center (EHC) in Ajman, is a joint project of the Ministry of Economy and DED – Abu Dhabi.
This year’s ......read more
October 31, 2017 - Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading regional UAE-based district cooling utility company, announced today that its stock has become certified as Shari’a compliant.
The announcement follows the recent meeting of the Islamic Banks’ Unified Committee for Shari’a Screening. As a result, Tabreed has been included on the committee’s List of Shari’a compliant companies for the listed companies on the Dubai Financial Market (DFM), and its stock is now traded by Islamic ......read more
Etihad ESCO Inks AED 31.6-million Energy Performance Deal with Dubai Golf; Etihad ESCO’s First Energy Performance Contract (EPC) in Leisure and Hospitality Industry
Dubai, United Arab Emirates, October 31, 2017: Dubai Golf and Etihad Energy Services Company (ESCO) has sealed a historic AED 31.6-million energy performance agreement to implement energy conservation measures at Dubai Golf on a guaranteed-energy-saving basis.
The contract will result in an annual guaranteed saving of AED 4.42 millions for Dubai Golf which is guaranteed for next eight years.
As one of the ......read more
Dubai, UAE, October 31, 2017: Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 468.7 million for the nine months ended 30 September 2017, an increase of 6.0% as compared to US$ 442.1 million achieved in YTD Q3/2016. The net profit achieved for the third quarter of 2017 was US$ 157.4 million, higher by 11.7% than 2016 third quarter reported profit of US$ 140.9 million. The Basic Earnings per Share in YTD Q3/2017 increased to US 6.0 cents, from US 5.7 cents in YTD Q3/2016.
Net Interest income improved by 2.5% year-on-year driven ......read more
~Event attracts 150 plus delegates from strategic industry sectors~
Dubai, 31 October 2017: Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, held a high-power HR Summit at the Sheraton Dubai Creek Hotel today.
The Smart Pay HR Summit, now in its third edition, witnessed more than 150 participants from a cross-section of industries coming together to discuss HR innovation, management and payroll solutions, latest developments in HR practices and policies etc. Delegates from industries included engineering, hospitality, oil and gas, ......read more
Ever since Bitcoin was introduced in 2009 as the first ever cryptocurrency it has been making waves. The brainchild of a mysterious developer operating under the name of Satoshi Nakamoto, it at last introduced a currency not tied to any government or federal reserve and payments which could be made without having to use an intermediary like a bank or credit card company.
Although the cryptocurrency has had some ups and downs over its relatively short life, in recent times it has been on a high with its value rocketing against the so-called “fiat” currencies. These are the ......read more
Ras Al Khaimah, 30 October 2017: Saud Bin Saqr Establishment For Youth Enterprises Development (RAK-SME) has been named bronze winner of a Company of the Year category at The Stevie Awards’ 14th Annual International Business Awards (IBAs). RAK-SME was competing in the ‘Non-Profit or Government Organizations - Small & Medium Size’ category.
The Award was presented to H.E. Yousef Esmaeel, Chairman of RAK-SME’s Supreme Committee, in a ceremony in Barcelona earlier this month. Commenting on the Award, Mr. Esmaeel said, “To be a winner of this award was a ......read more