Citylife > Press Release
  Home Contact us Add to Favourites

Recent Postings
More Press Releses
Featured Sections
  • Lifestyle
  • Fashion
  • Technology
  • Automobile
  • Food Industry
  • Real Estate-Retail
  • Travel-Tourism
  • Banking Investments
  • Education-Training
  • Govt-Humanity
  • Health-Medicine
  • Entertainment
  • Event and Exibitions
  • Others
  • Search
    Featured in Banking and Investments
    SIAL Middle East 2017: Food Security Center-Abu Dhabi Shares Insight at Opening Day Roundtable

    His Excellency Khalifa Al Ali: “UAE currently enjoys a food security value chain capable of withstanding years” Expert-led session entitled ‘Regional developments and its impact on food security at the region countries’ Abu Dhabi-UAE: 13 December 2017 –  The Food Security Center - Abu Dhabi (FSCAD) hosted the first of two Food Security Roundtables on the opening day of the eighth edition of SIAL Middle East 2017. Entitled ‘Regional Developments and its Impact on Food Security at the Region Countries’, the roundtable shed light on the most important obstacles that prevent the operation of supply chains of food commodities across the region, as well as the environmental, economic and social impact of these challenges.    Attended by Her Excellency Mariam ......read more

    Ministry of Climate Change and Environment Withdraws French-made Infant Milk Due to Salmonella Contamination

    Dubai-UAE: 13 December 2017 –  The Ministry of Climate Change and Environment (MOCCAE) has issued a decision to withdraw the (Lactalis Craon Factory) French-made Infant Milk products from UAE markets due to Salmonella contamination.  Entities responsible for implementing the circular include the Abu Dhabi Food Control Authority and the municipalities of Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah.  The decision is based on the findings of a technical report following the warning issued by the French Directorate General of Health (DGS) regarding the contamination of the infant milk, which had been exported to 30 countries including the UAE. The company Lactalis proceeded to the withdrawal and recall of its products after the contamination of twenty babies under 6 months with ......read more

    GCC Downstream Players Should Brace Several Market Uncertainties in the Coming Years, GDA/BCG Survey Reveals

    The first of its kind survey in the Middle East aims at gauging the ‘market sentiment’ and share the internal challenges faced by the downstream industry in the Gulf Cooperation Council (GCC).   UAE , Dubai, 12 December  2017 —  According to the first Gulf Downstream Industry Survey, conducted in cooperation between the Gulf Downstream Association (GDA) and The Boston Consulting Group (BCG), the refining market is expected to remain volatile in the medium term, with significant uncertainties on the demand side, mainly linked to the economic growth prospects of the US,  Europe and China. In the longer term, several trends are expected to have a potentially disruptive impact on refined product demand: efficiency improvements; electric vehicles and other alternative fuels for transportation, ......read more

    Noor Bank Bags Critics' Choice Best Islamic Retail Banking Brand Award for Second Consecutive Year

    Dubai-UAE: 12 December, 2017 –  Noor Bank, a leading Shari’a-compliant bank in the UAE, has been named a winner of the Critics’ Choice Best Islamic Retail Banking Brand Award at the Islamic Retail Banking Awards (IRBA) 2017. This is the second year in a row that the Bank has been honoured in this category at the event hosted by UK-based financial think tank Cambridge Analytica. Mufazzal Kajiji, Head of Retail Banking, Noor Bank collected the award on behalf of Noor Bank in the presence of high-profile industry peers at an exclusive ceremony.  The award recognises Noor Bank’s growing brand reputation as well as its ‘Share’ campaign that highlighted the Bank’s value creation for the greater public good in line with its Islamic values. The campaign conveyed the Bank’s core ......read more

    UAE Financial Markets Association introduces new initiative in line with Vision 2021 to boost Emirati national employment in financial sector

    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

    Coca-Cola launches smartwater in the UAE at SoleDXB

    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

    Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride compared to an outrageously placid 2017

    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

    Abu Dhabi-based sustainability initiatives pledge to make a difference at Women's Economic Empowerment Global Summit

    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 Investments records 36% increase in DIP sub-leasing contracts in first 9 months of 2017

    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

    2018 the Year of Change: Saxo Bank Chief Economist Predicts Economic Impacts of Key Market Trends

    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

    Cisco Expands Learning Portfolio with New Business Architecture Training and Certifications

    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

    Sharjah Ruler Attends the First Women's Economic Empowerment Global Summit Inaugural Ceremony

    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

    Tristar Group celebrates UAE National Day

    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

    startAD offers interactive program of startup events during December 2017

    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 Innovations Embrace Zero Trust Security

    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

    AL-Thiqa Islamic Bank Deploys ICS BANKS ISLAMIC System from ICSFS

    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

    Tally Solutions geared up to help GCC businesses transition to the VAT era

    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 Investments raises foreign ownership cap to 49%

    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

    Wishes by Kamal Vachani on the occasion of 46th National Day of the UAE

    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

    Pearl Initiative, Red Flag Group Underscore Compliance, Integrity for Sustainable Business Continuity

    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

    Women's Economic Empowerment Global Summit to Strongly Focus on Furthering Emirati Women's Integration into the Economy

    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 Ship Building Recognized for Excellence in Business Operations and Corporate Social Responsibility

    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 Updates Demographic Data on 210,500 Residents

    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

    Barclays Named Mena “Wealth Manager of the Year” for the Fourth Consecutive Year

    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

    Dubai Islamic Economy Development Centre Launches State of the Global Islamic Economy Report 2017/18

    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

    Other Top Stories from Banking and Investments
     
    LH-CRYPTO: Crypto-Version of a Forex Broker Larson&Holz is Launched as an ICO

    Larson&Holz broker launches an ICO to start an ultimately new project—a crypto-version of a retail Forex broker. Larson&Holz is a high-tech company, for 13 years it has been implementing innovative ideas and the top IT trends. Crypto-currencies are one of the most promising and fastest-growing fields in the cyber community. People increasingly prefer e-money to conventional and pay for goods and services online and crypto-currencies. It guarantees anonymity and maximum safety, which is vital in our times of cybercrimes. Thorough analysis has shown new opportunities created by ......read more

    International Islamic Bank Goes Live on ICS BANKS ISLAMIC System from ICSFS

    Dubai, UAE, October 23, 2017:   ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that International Islamic Bank (IMTB), has gone live on the multi-awards winning system ICS BANKS ISLAMIC. International Islamic bank chose ICS BANKS ISLAMIC to provide its customers with the bespoke products and services, the project kicked off in mid-march 2017, and it was finalized, in a record break time of five months, taking into consideration the modules implemented including existing data migration, the ......read more

    Mashreq posts a 12.0% y–o–y growth in Net Profit for the first nine months of 2017

    Dubai, UAE; 19th October 2017:  Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the first nine months ending 30th September 2017.    Key highlights [9M 2017 vs 9M 2016]: Healthy growth in Net Profit  Net profit for 9M 2017 stood at AED 1.7 billion - a 12.0% increase YoY Impairment Allowance down by 30.0% YoY; Operating expenses lower by almost 2% on the back of effective cost management Consistently high proportion of non-interest income Mashreq’s best-in-class ......read more

    Eutelsat consolidates its presence in Middle East with the acquisition of NOORSAT

    DUBAI, 18 October 2017:  Eutelsat Communications (NYSE Euronext Paris: ETL) has acquired NOORSAT, one of the leading satellite service providers in the Middle East, from Bahrain’s Orbit Holding Group. Established in 2004, NOORSAT is the premier distributor of Eutelsat capacity in the Middle East, serving blue-chip customers and providing services for over 300 TV channels almost exclusively from Eutelsat’s market-leading Middle East and North Africa neighbourhoods at 7/8° West and 25.5° East. The acquisition of NOORSAT fits with Eutelsat’s broader strategy ......read more

    Mashreq leads Stanbic Zambia Bank loan syndication for US$ 50 million

    Dubai, United Arab Emirates- 18 October 2017:  Mashreq bank, the UAE’s leading financial institution closes a US$ 50 million two-year syndicated term facility for Stanbic Zambia Bank - a subsidiary of the Standard Bank Group (“SBG”). The transaction closed nearly two times oversubscribed.  Mashreq, the coordinating bank and book-runner for Stanbic Zambia Bank’s second international syndication attracted many investors. Seven partners from MENA and GCC region participated including: Afrasia Bank Limited, Al Ahli Bank of Kuwait K.S.C.P, Investec Bank ......read more

    UAE Exchange Introduces Enhanced Lounge Experience to Deliver Premium Customer Service

    Upscale offering includes dedicated Relationship Manager and priority service for corporate clients and Club Exclusive members Dubai, 17 October 2017:  UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, took select Club Exclusive and corporate clients on a demonstration of its exclusive new Lounge facilities at the Atlantis Hotel in Dubai. The event also saw the brand felicitate 12 of its high net worth customers for their continued patronage.  “UAE Exchange is a brand that prides itself on creating and reinventing ......read more

    Winston & Strawn LLP Joins Pearl Initiative's Partner Network to Drive Corporate Governance, Responsibility in GCC Region

    Partners encourage accountability, transparency, accurate reporting as part of mainstream business practice Dubai, UAE, October 17, 2017:  The Pearl Initiative, a leading Gulf-based non-profit organisation promoting a corporate culture of accountability and transparency as a key driver of competitiveness across the region, has welcomed international law firm Winston & Strawn LLP to its network of private sector partners in the region. With the move, Winston has committed to stimulating social entrepreneurship and working to ensure a positive social impact across its markets and ......read more

    Ashridge offers coaching for Saudi HR leaders to become strategic partners in organizations

    KSA; 17 October 2017:  Today’s organizations are awash in a sea of continuous change and new skills are needed for business leaders to succeed; and this applies to HR leaders too. Based on their experience of working with HR leaders in Saudi Arabia and other GCC countries, Ashridge Executive Education has customized its five days programme on ‘Advanced HR Strategy and Impact’, to help regional HR practitioners to lead their organization through change, develop their coaching skills, add greater value as consultants and formulate a winning HR strategy for their ......read more

    Naseba Global WIL Economic Forum to Set the Stage for Impact-led Solutions to Usher in Diversity and Inclusion in Business

    Themed ‘The Butterfly Effect – From Intent to Impact’ the forum organised by Naseba under the patronage of the UAE Ministry of Economy, will focus on social change through impact entrepreneurship and investment, diversity & inclusion Lead speakers at the event include Tonye Cole, Vibha Bakshi, Haben Girma and Anurag Kashyap Her Excellency Noura Al Kaabi, Minister of State for Federal National Council Affairs, UAE to give opening keynote  Dubai-UAE: 16 October, 2017:   Naseba, a business facilitation company, today announced the 19th edition of ......read more

    Barclays gives back with the launch of “Payroll Giving” initiative

    In support of the UAE’s Year of Giving, Barclays has partnered with Al Jalila Foundation, UNICEF and SOS Children’s Villages International to raise funds Dubai, United Arab Emirates, 16 October 2017:  Barclays announced today the launch of its Payroll Giving initiative, in support of the UAE’s Year of Giving, as declared by UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The charitable programme provides Barclays´ employees in the UAE the opportunity to give back to the less fortunate by making an automatic donation from their monthly salary. ......read more

    54 hours challenge to build 8 startups in Ras Al Khaimah

    Over 100 entrepreneurs gathered at the first business incubator which was officially launched at Startup Weekend Ras Al Khaimah Ras Al Khaimah – UAE: 15 October 2017:  In the presence of H.E. Sheikh Mohammed bin Kayed Al Qasimi, Chairman of Ras Al Khaimah Department of Economic Development, the first startups incubator in Ras Al Khaimah was inaugurated last Thursday at Julfar Towers, Ras Al Khaimah Incubator and Accelerator which focuses on innovation and technology.  Entrepreneurs have the choice to register their companies with DED and establish a local company or ......read more

    Dubai Investments supports Dubai Investment Week, targets strategic growth and innovation prospects

    Dubai, October 15, 2017:  Dubai Investments PJSC [DFM: DIC], the leading diversified investment company listed on the Dubai Financial Market, has announced its support to the Dubai Investment Week 2017 as a strategic partner, with the objective to eye opportunities for growth, partnership, innovation and investments across diverse sectors and markets around the globe. The Dubai Investment Week [DIW], organized by Dubai Investment Development Agency [Dubai FDI], an agency of Dubai Economy, is being held under the patronage of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al ......read more

    Jafza hosts 1154 companies in electronics sector

    Mr. Bin Sulayem: Electronics trade worth over AED 113 billion in freezone Dubai, 15 October, 2017:  The electronics sector has grown into one of largest in Jafza with 1154 companies from 87 countries serving local and regional markets. The value of trade in the sector through Jafza companies is over AED 113 billion, approximately 38% of the total value of Jafza trade AED 294 billion Electronics companies there employ more than 9,200 people and occupy 1.3 million square meters in the free zone as leased land, warehouses and offices. Mr. Bin Sulayem, said: "The growth of the ......read more

    Al Naboodah Group Enterprises Creates Sustainable Futures for its Labour Workforce with Internationally-Accredited Skills Training

    In-house Trade School seeks to ‘unlock the potential’ of skilled and unskilled labourers and empower them with practical skills development.  Labourers rewarded with designation and salary increases, in addition to opening up new vocational opportunities.  Recently earned Internationally-recognised City & Guilds accreditation for all training programmes, one of few schools in the GCC to achieve this standard.  Trade School embodies the Group’s commitment to sustainability and employee welfare. Dubai, UAE, 15 October 2017:  Al Naboodah ......read more

    Jafza named best free zone in the world for large companies

    Sultan Bin Sulayem: DP World implementing award winning Jebel Ali model around the world Dubai, 14 October 2017:  Jafza has been named the world’s best free zone for 2017 in key categories of the FDi magazine's annual awards for global free zones. Jafza won Free Zone of the Year 2017 for Large Tenants in Middle East and globally and was highly commended in the Global Overall and Middle East Overall categories. It was also commended for its facilities upgrades and contribution to the UAE’s national economy.  Sultan Ahmed Bin Sulayem, Chairman and CEO of DP ......read more

    Iconic Awards 2017: nine awards for GROHE

    Category “Product”: three “Best of Best“ Iconic Awards 2017 for Blue Home, Concetto Professional and Euphoria 260 as well as for Sense and Sense Guard, Lineare, Essence Professional and Smart Control Concealed Category ”Communication“: award for the publication series "GROHE Architekturlösungen” (“GROHE Architectural Solutions”) Category “Architecture“: award for GROHE's trade fair booth at the ISH 2017 Every year, the Iconic Awards recognize visionary buildings, innovative products, and sustainable ......read more

    MEFMA-commissioned report says KSA's FM market to reach USD 49.82 billion by 2030

    October 11, 2017: The Middle East Facility Management Association (MEFMA) has forecasted that the value of Saudi Arabia’s flourishing facilities management (FM) market is expected to reach USD 49.82 billion by the end of 2030. The statement is part of a report commissioned by MEFMA, also showing that the expected growth can be attributed to key drivers that include steadily booming real estate, tourism, and retail sectors. The report titled ‘Facilities Management Role in Achieving Saudi Arabia's Vision 2030,’ which investigates the industry’s pivotal function in ......read more

    Saudi Arabia's Vision 2030 to transform businesses with tech investments worth SAR8.3 billion

    Business leaders highlight key opportunities posed by government investments to advance the adoption of HR technology systems, ahead of the HR Tech Saudi Summit  Dubai, October 11,  2017:  Delegates at the HR Tech Saudi Summit taking place on November 20 – 21, in Riyadh, Saudi Arabia, will enjoy a unique opportunity to discuss how government investments worth SAR 8.3 billion will pose new opportunities for businesses to transform HR practices.  The government of Saudi Arabia pledged the multi-billion Riyal investment under Saudi Vision 2030, supporting a ......read more

    FixOnClick.com - A Services-Matching Platform to Help Fix your Services Need Easily. Stop Searching, Start Fixing.

    Now available on the AppStore and Playstore DUBAI – October 9, 2017 – UAE’s services industry is about to be revolutionized with the launch of FixOnClick. It is the latest services matching platform which helps users meet their everyday household requirements with a few clicks. Fixonclick’s aim is to simplify a normal person’s life by giving them options. The portal was founded by noticing the struggle in the market for any simple milestone in life such as Wedding, Relocation, Events, and many more. Such requirements should be full of choices with intelligence ......read more

    Etisalat sign MoU with Federal Electricity and Water Authority

    Dubai, 10 October 2017:  Etisalat and Federal Electricity and Water Authority (FEWA) signed a Memorandum of Understanding to appoint FEWA as one of its key retail partner for Etisalat’s elife packages.  The MOU was signed at GITEX Technology Week 2017 currently being held from 8-12 October at Dubai World Trade Center by Adnan Nasib our Executive Director, FEWA and Sultan Al Dhaheri, Acting General Manager, Etisalat Abu Dhabi.  Sultan Al Dhaheri, Acting General Manager, Etisalat Abu Dhabi said: “We are pleased to appoint FEWA as our key retail partner making ......read more

    UAE Exchange Celebrates October as Customer Month

    Month-long activities on the theme of happiness across global operations Abu Dhabi, 10 October 2017:  UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, is celebrating October as its annual Customer Month. In the four-week long celebration, the brand puts its customers firmly in the spotlight, and will be conducting various activities and rewards programmes on the theme of happiness across its branches globally.    UAE Exchange Customer Month celebrations is also aligned with the International Customer Service Week. ......read more

    Al Ansari Exchange & British Council join forces to offer convenient payment option for IELTS takers in UAE

    UAE, October 10, 2017– Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, recently entered into an agreement with the British Council, the UK’s international organization for educational opportunities and cultural relations, to facilitate a faster, easier, and more convenient payment option for all test takers of the International English Language Testing System (IELTS) in the UAE. Under the terms of the agreement, IELTS takers can go to any of Al Ansari Exchange’s network of more than 170 branches across the UAE to settle the test ......read more

    UAE Organizations Embrace Unified Communications

    More than 50% of organizations report savings from optimization of travel allowances reduced travel costs  41% report improved connectivity with stakeholders anytime, anywhere to enhance collaboration and customer experience  DUBAI, UAE – October 10, 2017:   Polycom today launched the results of a new study that aims to understand the drivers and benefits of current deployments in Unified Communications and (UC) across organizations in the UAE.     The study conducted by Ipsos was commissioned by Polycom, which highlights the potential ......read more

    Dubai Government and Mashreq Bank Sign Agreement for Payment Collection via Smart Dubai Portal

    …in collaboration with Dubai DOF and Smart Dubai  Dubai, UAE, October 10, 2017:  Represented by the Department of Finance (DOF) and Smart Dubai Government Establishment (SDG), Dubai Government signed a partnership agreement with Mashreq Bank to collect payments made via Smart Dubai Portal. Under the agreement, Mashreq Bank is to become an acquirer of payments made with credit and debit cards issued by banks in or outside the UAE. The signing of the trilateral agreement was attended by Abdulrahman Saleh Al Saleh, DOF Director General and H.E. Abdul Aziz Al Ghurair, CEO ......read more

    ADCB successfully completes system enhancement

    Abu Dhabi, October 2017:  ADCB has successfully completed the migration of its core banking systems and consolidated multiple systems into a single solution on 3rd October 2017. The application landscape that connects over 130 other systems to the Core Banking suite rendered the implementation extremely complex, requiring over two years of programming, testing and training. The migration to the new system was completed on time. Jerry Mollenkramer, Group Chief Operating Officer at ADCB stated, “I am grateful to ADCB’s customers for their patience and understanding ......read more

    Al Naboodah Group Enterprises announces strategic partnership with leading European truck brand DAF Trucks N.V

    Marks the Group’s entry into the UAE’s truck industry, further diversifies its portfolio of global brands  Dubai, United Arab Emirates - 04 October 2017:  Al Naboodah Group Enterprises (ANGE), one of UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses – together with DAF, a leading European truck manufacturer – today announced a partnership to unveil the latest models of DAF trucks in the UAE. DAF is a premium commercial vehicle manufacturer based in the Netherlands. The industry-leading trucks are ......read more

    MENA Effie Awards Announces Its Expert Panel of Judges

    147 sector leaders gather to select the most effective marketing efforts in the region Dubai, United Arab Emirates, 04 October 2017: The ninth edition of the MENA Effie Awards (Effies) has announced its expert panel of judges, which includes 147 sector leaders who will be judging thousands of entries to select the most effective marketing efforts in the region.  The results will be announced on November 15, 2017, at a ceremony that is expected to attract more than 2,000 attendees, including the best marketing and advertising professionals in the Middle East. Alexandre ......read more

    AGH Consulting, a French Disrupter in the UAE Engineering Market Announces Growth Forecasts in 2017

    Dubai, United Arab Emirates – October 2nd, 2017:  AGH Consulting Group, a well-established and powerful player in the latest generation telecom market and a leader of market studies and engineering works has announced a strong turnover growth for its operations in the UAE. These are the results of the company’s success since the formation of AGH’s Dubai branch in 2015, under the name of AGH Smart Consultancy Services, located in the International Media Production Zone (IMPZ). Relying on the powerful expertise of the parent company based in Paris, he Dubai branch ......read more

    RSM hosts workshop on Understanding VAT and its Implications in the UAE

    RSM provides the most in-depth look into the legislation of Value Added Tax in the UAE Dubai, United Arab Emirates, 2 October 2017:  RSM UAE, an Audit and Tax Advisory Firm with a world-wide outreach, introduced the nitty-gritty of VAT in the UAE at a detailed workshop on 28 September 2017 at The Oberoi Hotel, Dubai. Diving into the causes, origins, and effects of this seemingly simple 5% markup, RSM provided the most detailed technical sessions regarding VAT and its implications on various sectors, individuals, and even special cases surrounding the tax which are not explicitly ......read more

    Most Companies Have Big Gaps Between AI Ambition and Execution, MIT Sloan Management Review and Boston Consulting Group Study Finds

    While Expectations for AI Run High, Few Companies Invest Much in Current Efforts; Majority of Executives Expect No Workforce Reduction in Foreseeable Future   Dubai, UAE, October 1, 2017:  More than three-quarters of business executives expect artificial intelligence (AI) to create competitive advantage or new lines of business for their companies, but only about one in five companies has incorporated artificial intelligence in some offerings or processes today, and only one in 20 companies has extensively incorporated AI into its current offerings or processes. Less than 40% ......read more

    Mashreq Bank Unveils a Brilliant New Digital Bank, Mashreq Neo, in the UAE

    Mashreq Neo to offer secure, convenient and personalised customer experience Dubai - UAE, 1st October 2017 –Mashreq Bank today launched Mashreq Neo, a new full-service digital bank to cater to the day-to-day needs of a world on the move. The new digital bank, which will be completely branchless, is targeted towards the connected generation who are digitally savvy, use mobile devices extensively, and will immerse users in a brilliant digital experience.  Mashreq Bank’s Head of Retail Banking Group, Subroto Som, explained the rationale for creating the digital bank: ......read more

    Middle East's GDP to grow 2.4% in 2018 but economic outlook still tough

    According to ICAEW’s latest report, Economic Insight: Middle East Q3, outlook in the Middle East region is expected to remain tough, with several further squeezes on household income in 2018. However, overall GDP is expected to grow by 2.4% next year and rising to 4% in 2019.The accountancy and finance body says any extension of OPEC’s production cut deal, which ends on 31st March 2018, would delay the recovery.   Dubai, UAE, October 1, 2017:  Economic Insight: Middle East Q3 2017, produced by Oxford Economics, ICAEW’s partner and economic forecaster, says ......read more

    Sheraa partners with Khalifa Fund to bring Pitch@Palace competition to the UAE

    Aims to give Sharjah based entrepreneurs a globally recognized platform to pitch their entrepreneurship ideas Sharjah, UAE: (September 30, 2017):  Sheraa partnered with the Khalifa Fund for Enterprise Development to bring the international competition Pitch@Palace to the UAE to support a growing talent pool of young innovators who are trying to make their mark in the UAE’s vibrant entrepreneurship scene. Established by The Duke of York, Pitch@Palace aims to help entrepreneurs build access and connectivity around the world and has helped over 350 businesses grow, with some now ......read more

    UAE leaders trust friendship with India, says H.E. Sheikh Nahyan bin Mubarak Al Nahyan

    Policy-makers and business leaders from India and the UAE converged in Dubai for the inaugural edition of The Economic Times India-UAE Strategic Conclave. DUBAI - September 28, 2017:  The UAE and India will have to further explore possible areas of synergy to advance bilateral trade between India and the UAE, says His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, the UAE Minister of Culture and Knowledge Development.  Both the countries understand the economic and social benefits that come from openness to the world with focus in trade, investment, and culture, said H.E. ......read more

    Fahad AlDehais ‘Emerging Leader 2017'

    Dubai, UAE, September 28, 2017:  Fahad AlDehais, Managing Partner of Mohammed AlDhabaan & Partners in association with Eversheds Sutherland, has been named an ‘Emerging Leader 2017’ by The M&A Advisor Awards in New York. The event took place at the globally renowned New York Athletic Club, New York on 19th September 2017.  “The Annual M&A Advisor Emerging Leaders Awards was born as the 40 under 40 awards in the United States in 2010 to recognize and celebrate the achievements of young M&A, Financing and Turnaround professionals who had reached a ......read more

    Mashreq offers its cardholders Triple Rewards at GITEX Shopper

    Dubai- UAE- 28 September 2017:  Mashreq, the UAE’s leading financial institution continues to innovate its cards value propositions, with its unique Triple Rewards offer on electronic purchases made using Mashreq Credit and Debit Cards this year’s GITEX Shopper event season.  Mashreq cardholders can get 5% cashback of up to AED 1,250 on all electronic purchases (minimum purchase of AED 5,000) and an additional 10% discount on over a 100 products including TVs, smartphones and home appliances  at Sharaf DG and Emax. What’s more, credit cardholders also get ......read more

    Saudi Arabia Driving Decree Could Add $90 Billion to Kingdom's Economic Output by 2030

    Bloomberg Intelligence analysis states decision could generate as much income as Saudi Aramco IPO Dubai, Thursday 28 September, 2017:  The recent decree by King Salman bin Abdulaziz Al Saud allowing women to drive is set to boost economic growth, potentially adding about $90 billion to economic output by 2030. This is comparable to income generated by Saudi Aramco’s initial public offering, Bloomberg Intelligence research by Ziad Daoud, Middle East Economist, has found.  While the gains of this decision may take some time to be realized, greater female engagement in the ......read more

    UAE - India economic interconnectivity is significant, says H.E. Mohammed Sharaf

    The inaugural edition of The Economic Times India-UAE Strategic Conclave kicks off in Dubai    DUBAI - September 28, 2017:  More investment flows between the UAE and India should be promoted, and the scope for investments should be widened to address new rewarding sectors, said H.E. Mohammed Sharaf, Assistant Foreign Minister for Economic and Trade Affairs, UAE.    H.E. Mohammed Sharaf was delivering a keynote address at the inaugural edition ‘The Economic Times India UAE Strategic Conclave 2017, organized under the patronage of His Highness Sheikh ......read more

    Super General Company and GECO successfully holds VAT awareness seminar for its dealers

    Super General Company and General Enterprises Company (GECO), part of Albatha Retail & Home Products Group, successfully organized a seminar aimed towards increasing awareness on the coming implementation of Value Added Tax (VAT) in the UAE at the Le Meridien Hotel. The event, which was attended by over 200 representatives of 90 SME dealers from the two companies, was held under the theme, 'Everything you need to know about VAT.' The one-day seminar helped in creating a better understanding of VAT in terms of how companies can prepare for its implementation and how they can ......read more

    Xpress Money awarded the coveted 2017 Dubai Chamber of Commerce & Industry CSR Label

    The organization has been recognised for its financial inclusion and community outreach efforts Dubai, 27th  September 2017:  Xpress Money, one of the most dependable money transfer brands in the world, has been awarded the coveted 2017 CSR Label by Dubai Chamber of Commerce & Industry. This recognition is even more special as it coincides with the UAE's Year of Giving - as 2017 has been nominated by the UAE government.  The CSR Label has been developed by the Dubai Chamber to bring together international best practices and standards in CSR. The certification ......read more

    IDE To Align Its Business Strategies With Year of Zayed

    Dubai, United Arab Emirates, 26 September 2017: Ravi Kumar Chandran, Director of IDE, a leading events company that hosts B2B summits for real estate and hospitality professionals, extended his best wishes to His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, for declaring 2018 as the ‘Year of Zayed’. “It is indeed a moment of pride to celebrate the UAE’s founding father’s timeless legacy,” said Ravi Kumar Chandran. “It was the unique ideology of Sheikh Zayed that has positioned UAE today as a real estate and ......read more

    Al Tayer Opens Emirati-French Business Summit as 63 Entities Attend

    French firms executed projects worth of AED17 billion  Dubai - Roads and Transport Authority: HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), has opened the Emirati-France Business Summit held by the RTA in collaboration with the French Business Council. The event, which has attracted the participation of 63 Emirati and French entities, aims to boost the PPP, nurture an investment climate conducive to the development of commercial cooperation between the RTA and the French business community in the ......read more

    GCC Fertilizer Production Capacity Surges by 12% in 2017, Posting Highest Growth Rate in Six Years

    Industry generates USD 5.2 billion in sales in 2016 with a USD 8 billion project pipeline over the coming years Dubai, United Arab Emirates, September 26, 2017 – Fertilizer production capacity in the Arabian Gulf region has reached 42.3 million tons per annum in 2017, rising by 12 per cent over the previous year, a new report by the Gulf Petrochemicals and Chemicals Association (GPCA), the go-to source for industry data, has found.  According to the report entitled ‘2016 GCC Fertilizer Industry Indicators’, the industry expanded at the highest growth rate year on ......read more

    16 MENA IPOs Recorded in H1 2017: EY

    H1 2017 saw US$ 788 million in capital raised IPO of ADES International Holding Ltd. largest in MENA at US$ 243.5 million Dubai, UAE - 26 September 2017: In the first half of 2017, MENA IPO activity witnessed 16 deals, representing a 100% increase when compared to the first half of 2016. Announced MENA value, or capital raised, reached US$ 788 million in H1 2017, a 21% decrease from H1 2016. H1 2017 was the most active first half of the year by number of IPOs since H1 2007.   Out of the 16 IPOs, nine IPOs worth US$ 200.5 million were from companies listed on the Saudi ......read more

    ADCB launches first Target Date Fund in MENA region

    New investment options set to help expatriates in the UAE secure a comfortable retirement in their silver days  Abu Dhabi, UAE, September 25, 2017:   Leading regional bank, Abu Dhabi Commercial Bank (ADCB) has announced a new range of investment options, Target 2025 and Target 2035. These venture opportunities are designed to help expatriates in the UAE secure a comfortable retirement by bridging the gap between mandatory end of service benefits and actual retirement needs.  Numerous industry surveys demonstrate that expatriates in the UAE population ranks amongst the ......read more

    Mashreq Bank Accelerates Branch Automation Journey With Diebold Nixdorf Technology and Software

    Dubai, UAE, September 25, 2017:  Mashreq Bank, one of the first banks in the Middle East and a leading financial institution in the UAE, has partnered with Diebold Nixdorf, the leader in driving connected commerce, to streamline its in-branch cash cycle management processes by implementing the latest in teller automation technology across select UAE branches. The innovative cash recycling systems combined with multi-vendor software, enable Mashreq Bank to drive greater operational efficiencies, increase cash security and enhance the consumer experience with expedited service ......read more

    Alpen Capital recognised once again for its commitment towards CSR with the Dubai Chamber CSR Label

    Dubai, 25th September, 2017:  Alpen Capital (ME) Limited, Dubai was recognised for the sixth consecutive year with the Dubai Chamber CSR Label. H.E. Majid Saif Al Ghurair, Chairman, Dubai Chamber of Commerce and Industry presented the award to Rohit Walia, Executive Chairman and Sameena Ahmad, Managing Director, at a ceremony held at the Chamber head office on 24th September 2017.   Alpen Capital’s CSR framework is an integral part of its business strategy and is reflected in its approach towards employees, vendors, the larger community as well as the environment. Alpen ......read more

    The Listing of Money Trade Coin on Cryptocurrency Exchange and the Rising Promise of a New Era in Dubai

    Dubai, UAE, September 23, 2017:  MONEY TRADE COIN, the new age cryptocurrency, is able one more time to dazzle its investors’ expectations by listing on NovaExchange. The listing happened at 00:00 GMT and immediate trading was launched. The listing event is held at Burj Al Arab, Dubai, United Arab Emirates and was highlighted by the attendance of H.E. Sheikh Saqer Al Nahyan along with a list of 40 VIP selected honor guests including H.E. Sheikh Jumaa Al Maktoum and Mr. Faisal Almaazmi, his principal advisor and director of Greenland Capital Properties, Mr. Khaled Abdulla, Head of ......read more

    The Economic Times India-UAE Strategic Conclave in Dubai to strategically catalyze India UAE ties

    Dubai, UAE, September 23, 2017:   With India and the UAE forging strategic ties across a spectrum of shared interests, this is an opportune time for key stakeholders from both nations to engage in strategic discussions and catalyze economic growth. It is in this context that The Economic Times India UAE Strategic Conclave is being held in Dubai on 27th and 28th September under the patronage and in the presence of His Excellency Sheikh Nahyan Bin Mubarak Al Nahyan, Cabinet Member and Minister of Culture and Knowledge Development, UAE, seeks to give a further fillip to India-UAE bilateral ......read more

    Investment Opportunities in the GCC-India Corridor Continue to Grow, Says Alpen Capital

    Dubai, 19th September, 2017: Alpen Capital, an investment banking advisory firm, announced the publication of its research report titled “GCC-India corridor – Investment opportunities and challenges”. This report presents the state of economic relations between the GCC and India by analyzing the trend in investment flows and the strategic government initiatives to strengthen ties. It assesses the competitiveness of countries in ease of doing business and further identifies and discusses the potential sectors for cooperation and investment in both the regions. It also ......read more

    • Page 3 of 6   300
    • 1
    • 2
    • 3
    • 4
    • 5
    • 6