New Emiratisation program launched to support nationalisation strategies in banking industry
Dubai, UAE, 11 December 2017: The UAE Financial Markets Association has announced a new Emiratisation Optimal Performance Scheme to encourage and support the local banking industry in implementing efficient nationalisation strategies.
Launched this week (10 December) at an event in the H Hotel, Dubai in the presence of VIP government authority representatives, UAE bank CEOs and senior finance professionals, the programme’s overarching aim is to help the industry work together to create a better future for the UAE.
Within the presence of various banks from UAE, the event tackled the importance of hiring and retaining nationals, the challenges facing Emiratisation, the quality of nationalisation processes as well as the ......read more
Dubai, UAE, December 10, 2017: Coca-Cola has launched its latest product innovation in the Middle East, with the launch of smartwater at SoleDXB.
Smartwater was made available to consumers in the UAE for the first time at the three day street culture festival at D3.
Murat Ozgel, General Manager of Coca-Cola Middle East said of the launch: “We are very excited about bringing smartwater to the UAE, making it the fourth market globally where this incredibly successful premium water brand is available. It’s clean, crisp taste has made it a great success in the UK and North America and we look forward to replicating that success here. smartwater is also a great example of our innovation and sustainability efforts. The bottle is 100% recyclable, and made with 30% plant-based materials using our patented ......read more
Dubai, UAE, December 7, 2017: Saxo Bank, the online multi-asset trading and investment specialist, has today released its 10 'Outrageous Predictions' for 2018. The predictions focus on a series of unlikely but underappreciated events which, if they were to occur, could send shockwaves across financial markets.
While these predictions do not constitute Saxo’s official market forecasts for 2018, they represent a warning of a potential misallocation of risk among investors who typically see just a one percent likelihood to these events materialising.
Commenting on this year’s Outrageous Predictions, Chief Economist at Saxo Bank, Steen Jakobsen said:
“We have published Outrageous Predictions for more than 10 years and think this year’s list is one of the best we ever had, ......read more
Masdar, Zayed Future Energy Prize, Abu Dhabi Sustainability Week and the WiSER initiative discuss the importance of women in sustainable economic growth
Abu Dhabi, UAE, Dec 7, 2017 – Abu Dhabi Future Energy Company (Masdar), the Zayed Future Energy Prize (ZFEP), Abu Dhabi Sustainability Week (ADSW) and the Women in Sustainability, Environment and Renewable Energy (WiSER) initiative have pledged to support the advancement of women as drivers of sustainable economic growth.
All four Abu Dhabi-based sustainability initiatives were key participants in the inaugural Women’s Economic Empowerment Global Summit (WEEGS), a collaboration between NAMA Women Advancement Establishment (NAMA) and the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women). Held on ......read more
Dubai, December 5, 2017: Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced a 36% increase in sub-leasing contracts in its wholly-owned subsidiary Dubai Investments Park [DIP] – the unique integrated commercial, industrial and residential community in the Middle East, in the first nine months of 2017 compared to last year.
Out of these, nearly 68 per cent contracts pertained to existing subtenants, reflecting DIP’s growing demand as a premier business destination in the region.
The new subtenants during the period under review amounted to 26 per cent new subtenants; of which 46 per cent were in the warehousing activity, 35 per cent in staff accommodation activity, 14 per cent in offices activity and 5 per cent in commercial activity. ......read more
From China’s lead on electrification to a possible US recession and the irony of cryptocurrencies, Steen Jakobsen, Chief Economist, CIO & Co-head of Global Sales Trading at Saxo Bank Group previews what’s in store for global financial markets and Middle East growth next year
Dubai-UAE: 05 December, 2017 – Steen Jakobsen, Chief Economist, CIO & Co-head of Global Sales Trading at Saxo Bank, the leading online multi-asset trading and investment specialist, delivered an economic forecast of how top trending issues, including China, electrification, cryptocurrencies, recession and politics will shape financial markets in 2018, during a Saxo Bank event in Dubai.
Jakobsen outlined China’s growing influence and position on the global stage and how it will impact market prices and commodities against ......read more
Expanded Portfolio Accelerates Business Transformation by Addressing Critical Talent Needs
Dubai, UAE – December 5, 2017 - Cisco announced it is expanding its learning portfolio with new business architecture training and certifications designed to accelerate the pace of business transformation, innovation and growth. Providing professionals with the latest skills, tools and best practices enables them to build and strengthen the bridge between technology solutions and business needs. These new offerings mark the second recent addition to Cisco’s business transformation-focused learning portfolio.
“The relationship between customer and vendor is being significantly disrupted by digital transformation, with the long-term result being a closer relationship, spanning more than the deal,” said Shadi ......read more
The Summit is pushing for women’s equal participation in the labour market, which can add USD 28 trillion to the global economy by 2025
HH Sheikha Jawaher Al Qasimi: The UAE’s track record in advancing women is an exemplary international experience, and one that I am proud of.
HE Sheikh Mubarak Al Nahyan: Women’s economic empowerment is an expression of tolerance, happiness and security, and a prerequisite for peace and prosperity of nations around the world.
Phumzile Mlambo-Ngcuka: Support for changing discriminatory social norms and stereotypes that segregate women into jobs with lower pay and limited opportunities for advancement need to be given attention along with gender-based violence that hinder women’s effective participation.
20 Public and Private organisations take the WEEGS ......read more
Dubai, UAE; December 04, 2017: Tristar Group celebrated the 46th UAE National Day as employees dressed in colors of the nation as a way of saying thank you to the UAE leaders and the people of this country where they have felt at home for many years. Sweets were distributed, and employees shared their personal stories of UAE that highlighted how so many people from different cultures and backgrounds have made UAE their home.
Tristar Group’s headquarters in Jebel Ali was decorated with UAE flags a week before the holidays.
According to Group Chief Administrative Officer Balaji Nagabhushan, “We also asked everyone to observe a minute of silent prayer at 11:30 am on November 30th for those Emiratis who sacrificed their lives performing national duties at home and abroad in civil, military and humanitarian ......read more
Abu Dhabi, UAE – December 4, 2017: startAD, an innovation and entrepreneurship platform that supports startups in the UAE, is offering a diverse program of open events throughout the month of December 2017. All of the events listed below are open to the public and free to attend.
Al Warsha: Laser Cutting
Date: Monday, December 4
Time: 6:00 pm – 8:00 pm
Location: NYU Abu Dhabi Humanities Building (A6) – Room 016
Participants will learn how a laser cutter works in this open workshop, with demonstrations taking place on how to design and cut intricate patterns into cardboard and wood.
Basics of Angel Investing
Date: Wednesday, December 6
Time: 6:30 pm – 8:00 pm
Location: startAD Central, NYU Abu Dhabi campus
For those who aspire to help set up the next Careem or Souq.com, or ......read more
Centrify eases multi-factor authentication through FIDO Alliance and enhances privilege controls for containers
Dubai, UAE, December 4, 2017 — Centrify, the leader in securing hybrid enterprises through the power of identity services, announced its Zero Trust approach to security. Zero Trust assumes that everything—users, endpoints, resources—is untrusted and must always be verified to decrease the chance of a major breach.
Customers are adapting to the reality that older, network centric approaches to security no longer apply and more application centric models, with access grounded in identity, are necessary for today’s hybrid enterprise. Google’s BeyondCorp implementation is an excellent example of this new approach. BeyondCorp is a Zero Trust security framework that shifts access ......read more
Dubai, UAE, December 4, 2017: Amman, Jordan: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that AL-Thiqa Islamic Bank has gone live on the multi-awards winning system ICS BANKS ISLAMIC.
AL-Thiqa Islamic Bank chose ICS BANKS ISLAMIC to stay in the top of the list in this highly motivated banking market. the project was accomplished in a record break time of two months, the implementation process was smooth, swift and transparent.
The Executive Representative of AL-Thiqa Islamic Bank; Mr. Muamer Al-Fakhry commented: “We are proud to vision this partnership reflected into reality, ICSFS represents the ideal strategic powerful partner to us, in terms of its unlimited experience in Iraq and around the globe, ICS BANKS ISLAMIC will be a key ......read more
More than 1.2 million businesses globally use Tally for accounting and tax filing needs
Dubai, UAE, 3 December 2017: In an endeavour to help businesses in the UAE comply with VAT regulations, Tally Solutions, a leading international compliance software provider will offer improved insights, data alignment, efficiencies and transparency to enterprises in the UAE.
Tally Solutions is well established in the region and is used by 40,000 satisfied clients across GCC. The company offers a complete business suite, from accounting to inventory management, banking processes and payroll management. The company will soon offer VAT compliance solutions too.
“Drawing on our three decades of experience and a fiercely loyal network of over 28,000 partners, Tally Solutions is well positioned to support all types of businesses ......read more
Dubai, November 29, 2017: Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has raised foreign ownership limit in the company from the existing 35% to 49%. A proposal to this effect was approved by shareholders at the General Assembly Meeting held on Wednesday [November 29].
Raising the limit to 49% is part of a wider move by Dubai Investments to open up to international investors. The proposal assumes significance after the recent addition of Dubai Investments’ shares in the MSCI Emerging Market Index.
In his address at General Assembly Meeting, Sohail Faris Ghanim Al Mazrui, Chairman of Board of Directors of Dubai Investments, said: “The proposal to raise the cap to 49% of the capital was aimed at encouraging share ownership to more ......read more
Dubai, UAE, November 29, 2017: On the occasion of the 46 National Day of the United Arab Emirates, Mr. Kamal Vachani, Group Director and Hon. Regional Director of Electronics and Computer Software Export Promotion Council (ESC), extended his heartiest congratulations to President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai and their Highnesses Supreme Council Members and Rulers of the Emirates and people of the UAE.
Mr. Kamal Vachani said, “The National Day is a special moment for locals and expats alike. On behalf of Al Maya Group, we are happy to celebrate this day to embody together the vision of the founders of the country to unite the will of the people and the establishment of the United Arab ......read more
Roundtable examines potential long-term business risks posed by lack of integrity practices
Abu Dhabi-UAE: 28 November, 2017: The Pearl Initiative, the leading Gulf business-led not-for-profit organisation promoting a corporate culture of accountability and transparency as a key driver of competitiveness, co-hosted a roundtable with global integrity and compliance risk firm, Red Flag Group, to explore the role integrity plays in the business decision-making process. Senior executives from international, regional and local UAE-based organisations convened to discuss the practical application and advantages of adopting corporate integrity practices across industries in the UAE and the wider GCC region.
Speakers including Casper Bekker, General Manager MEA Region, Red Flag Group, Nadeem Anwar, Regional Compliance Head, at ......read more
An exclusive panel session will be held in collaboration with UAE General Women’s Union
Sharjah, 28 November 2017: Part of the first edition of the Women’s Economic Empowerment Global Summit (WEEGS 2017)’s two-day discussion agenda will be an exclusive women-only panel session titled ‘Emirati Women: Potential & Possibilities’, which will be held on the second day of the Summit, 5 December from 10:00 – 11:00 am at Expo Centre Sharjah.
Organised by the NAMA Women Advancement Establishment (NAMA) in collaboration with the UAE General Women’s Union, this closed session will focus on further strengthening the nation’s enduring efforts to empower local women and enhance their contributions by creating a more enabling economy and society. It will also highlight ......read more
Abu Dhabi, UAE – 28 November 2017: Abu Dhabi Ship Building (ADSB) recently received two highly prestigious awards reflecting the high quality of its business operations and commitment to corporate social responsibility.
At the 14thedition of the Seatrade Maritime Awards covering the Middle East, Indian Subcontinent and Africa, ADSB won the “Enterprise Award” for its contributions to the region’s ship repair industry. The company also received the “Corporate Social Responsibility (CSR) Award” at the fourth annual Maritime Standard Awards in Dubai.
The “Enterprise Award” recognizes the valuable contributions made by ADSB’s floating dock to the ship repair industry in the region. “The Corporate Social Responsibility (CSR) Award” recognizes and celebrates ......read more
Sharjah Department of Statistics and Community Development launches second phase of ‘Tahdeeth’
Sharjah, November 28, 2017: Sharjah Department of Statistics and Community Development (DSCD) has announced that the data on 210,499 Emiratis has been revised as part of its ‘Tahdeeth’ project; an initiative that aims to update the data and information about Emirati families and individuals who were first surveyed in the Sharjah Census 2015.
The first phase of Tahdeeth, which was conducted from October 7 to November 6, updated the details of 127,531 Emirati individuals and their families in Sharjah. The second phase, which commenced November 7 and continues until December 15, is continuing the programme by reaching out to those residents it was unable to contact during phase one.
Up ......read more
The accolade was awarded by Global Investor Magazine, which specialises in asset management, asset servicing and securities finance.
November 28, 2017, Dubai, United Arab Emirates: Barclays Private Bank has been named “Wealth Manager of Year” at the 2017 Global Investor/Euromoney awards for the fourth consecutive year.
The award, which was announced during the 2017 Global Investor/ISF MENA Awards ceremony, celebrates Barclays’ long standing position as a leader in the regional and global private banking space.
Barclays was recognised for its service excellence over the past 12 months, in addition to its specialised open architecture platforms that offer the full range of investments, credit and advisory solutions that are customised to meet clients’ various ......read more
Muslim spend on Halal Food and Beverage forecast to reach US$1.93 trillion by 2022
Islamic Finance assets expected to surge to US$3.8 trillion by 2022
UAE ranks third globally across three sectors
Dubai-UAE: 27 November, 2017: The Dubai Islamic Economy Development Centre (DIEDC) today published the outcomes of the State of the Global Islamic Economy Report 2017-2018 titled ‘Outpacing the Mainstream’. The report is issued annually by DIEDC in collaboration with Thomson Reuters.
The findings were released on the sidelines of the fifth edition of the Islamic Economy Award, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at the Ritz-Carlton DIFC.
The report was launched by Mustafa Adil, Head ......read more
Promotions span the retail banking products with multiple offers and prizes.
Dubai, UAE, 27 November 2017: Mashreq, the oldest privately held bank and leading financial institution in the UAE, has announced the launch of ‘How will #YOUAE celebrate’ campaign to commemorate the country’s 46th National Day. Celebrating #YOUAE will present a wide variety of promotions for the bank’s customers, residents and citizens, running until 10 December.
Mashreq’s Retail Banking Group is celebrating #YOUAE by presenting a wide range of exclusive offers for opening new bank accounts, remitting money worldwide, starting savings plans, applying for mortgages, or merely for using their Mashreq debit and credit cards at their favourite local restaurants. Additionally, there are prizes for sharing ......read more
UAE, Dubai, November 27, 2017: The Human Resources and Emiratisation Department at Union Coop, the largest cooperative in the UAE, revealed that it has hired around 30 Emirati men and women during the third quarter of 2017. This is part of Union Coop’s commitment to support Emiratisation efforts, and is motivated by its belief that human resources is an essential element in building sustainable societies.
Ahmad bin Kenaid, Director of the Human Resources and Emiratisation Department at Union Coop said: “We are committed to the Emiratisation of our human resources wherever applicable and providing the best incentives and advantages to attract skilled citizens. Emiratisation is a top priority for Union Coop, which employees more than 419 Emirati men and women.”
“Union Coop provides many advantages ......read more
United Arab Emirates, 27th November 2017: Xpress Money, one of the most dependable money transfer brands in the world, reported an average growth of 26% in the number of remittance transactions from UAE to Uganda over the last three years. The company has also seen a 28% increase in the volume of money being sent by expats in the UAE to their home country, Uganda.
For years, Xpress Money has been a preferred choice for Ugandan expats in UAE to send money back home; offering convenient and cost-effective money transfer options like Cash-to-Cash and Cash-to-Mobile Wallet services to Uganda. With over 250 agent and sub agent partners in Uganda like UAE Exchange, Diamond Trust Bank, dfcu Bank and a host of other trusted banking and non-banking financial institutions, an Xpress Money location is easily accessible in Uganda, making ......read more
The 2017 best parenting brands in the country decided through more than 114,000 votes from the general public
Dubai, UAE, 26 November, 2017: Johnson’s Baby Wipes were awarded “Baby Wipe Brand of the Year” at the annual Mother, Baby & Child Awards Ceremony. The 2017 edition of the Awards celebrated the 46 best UAE parenting brands in the UAE, as chosen by the general public.
This year, the awards gathered more than 114,000 votes over a period of six months, starting from June until November. A total of 440 nominees divided over 46 voting categories were put to a public vote to decide the top three winners in each category. With thousands of votes, Johnson’s Baby Wipes proved to be moms’ favorite product in the Wipes category and won the “Baby Wipe Brand of the Year” ......read more
United Arab Emirates, December 04, 2017 – Luxury is back in fashion. The overall luxury market – encompassing both goods and luxury experiences – grew by 5 percent to an estimated €1.2 trillion globally in 2017. Sales of luxury cars continued to drive the market, growing at 6 percent to reach €489 billion in total. Luxury experiences remained very attractive to customers, as illustrated by sales of high-end food and wine both growing by 6 percent from last year, and sales from luxury cruises experiencing impressive 14 percent annual growth. The core ......read more
UAE, November 28, 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, was named ‘Takaful Company of the Year’ at the 4th Middle East Insurance Industry Awards (MIIA) organized recently by the Middle East Insurance Review at the Ritz-Carlton, Dubai International Financial Centre, Dubai.
This is the second consecutive year that ADNTC has received this prestigious honor, thus further solidifying its position as a takaful industry leader. MIIA is known for its independent, ......read more
UAE, November 27, 2017 - The Department of Economic Development - Ajman (DED-Ajman) has revealed its implementation of a new organizational structure, which has been developed based on the move to achieve the goals and objectives set forth in Ajman Vision 2021 to create a competitive and diversified green economy that is at pace with economic development. The move demonstrates DED-Ajman's keenness towards improving and enhancing government performance while also promoting investment activity and encouraging various economic sectors to contribute to the development process.
His ......read more
Dubai, UAE, 26 November 2017: Thomson Reuters and National Bank of Fujairah (NBF) announced today that they have partnered to offer tailored funding solutions to SMEs in the UAE through the Thomson Reuters Accelerate SME platform (http://acceleratesme.com).
Thomson Reuters Accelerate SME serves as the only digital gateway to the SME ecosystem in the MENA region. As the platinum banking partner on the Accelerate SME platform, community members will be able to apply for a range of NBF’s banking offerings including term loans, working capital financing and SME banking account ......read more
The Arab-Brazilian Chamber of Commerce (ABCC) announced that its stand at the 2017 edition of The Big 5, the Middle East’s leading civil construction industry exhibition, will feature five of its member companies. The Chamber’s stand will span 36 sqm and will feature sanitary ware maker Deca, ceramics manufacturer Angelgress, gates manufacturer PPA, pipes and fittings maker Tigre, and construction equipment manufacturer Scanmetal. The exhibition is set to run from November 26 to 29 at the Dubai World Trade Centre, UAE.
Brazil's total exports to the Arab countries’ ......read more
Women Economic Empowerment Global Summit to Demand more Active Policies to Empower Women in the Workplace
Her Highness calls for everyone to shoulder their humanitarian responsibilities towards the millions of unemployed women living below the poverty line
Inaugural summit will examine private sector’s role in recruiting more women to help revitalise global economic cycle
WEE Global Summit will provide a global platform to forge partnerships with business sector
Sharjah, November 25, 2017: Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of His ......read more
Dubai, November 25 2017: Jafza, the Dubai flagship logistics hub of global trade enabler DP World, today announced that trade in steel and building materials reached AED 13.5 billion during 2016 with further increases expected as the free zone continues to develop services for companies in the sector.
Announcing Jafza’s participation in the Big 5 exhibition being held at the Dubai World Trade Centre from November 26-29, Sultan Ahmed bin Sulayem, Group Chairman and CEO DP World, said: “Ongoing construction projects in the UAE and GCC are a strong boost for the metal, ......read more
Dubai, UAE, 25 November, 2017: The Dubai Free Zones Council and the Federal Tax Authority held the second edition of an informative workshop on value-added tax that will be implemented in the UAE starting from 2018. The event, which took place at the Dubai Police Officers’ Club, drew the participation of more than 1,000 representatives of companies operating across Dubai’s various free zones.
With the aim of helping private free zone-registered companies fulfill their tax obligations, the workshop provided a comprehensive overview of VAT and related mechanisms, the ......read more
Business Bay a key area for more land development says fäm Properties chief after company secured AED700 million plot deal
Dubai, UAE, 25 November 2017: The value of annual land sales in Dubai has risen by AED30 billion over the last five years, one of the emirate’s biggest real estate brokerages revealed today, identifying Business Bay as a key area for further growth.
Firas Al Msaddi, CEO of fäm Properties, said that as of 9th November land sales for this year had reached AED68 billion compared to AED38 billion for the whole of 2012.
Underlining a growing ......read more
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 ......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 ......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 ......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
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 ......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
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 ......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 ......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, ......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% ......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 ......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 ......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 ......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 ......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 ......read more