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Blueair Wins ‘Superbrands' Award in the UAE

Blueair voted by the Superbrands Council UAE and marketing professionals as one of the country’s strongest and trustworthy brands Dubai, UAE, June 19, 2019:  Blueair, a world leader in air purification solutions, today announced that it has been recognised as one of UAE’s strongest and most trusted brands by the Superbrands organisation, an independent authority and arbiter of branding excellence. Blueair was voted as a ‘Superbrand’ by a panel of top UAE business leaders and more than 2,500 senior managers and marketing professionals following a rigorous selection process. “Blueair believes in clean air for the next-generation - a vision that has been driving us on a journey of air innovation. Our company’s mission is to help as many people as possible, develop the best performing ......read more

Trade Bank of Iraq and Esds Software Solution Sign Mou for Developing Fintech and a Cloud Platform

Dubai, June 19, 2019: Trade Bank of Iraq (“TBI”) has entered into a Memorandum of Understanding (MoU) with ESDS SOFTWARE SOLUTION PVT. LTD, India (“ESDS”) to develop financial technology and a cloud platform in Iraq.    Alpen Capital (ME) Limited acted as the sole financial advisor for the transaction between the two firms, which aims to establish a long-term strategic relationship in the field of establishing and managing data centre, cloud solutions and virtualization and disaster recovery hosting solutions, financial technology solutions and other Information Technology services in Iraq.    As per the MoU, TBI will make a strategic investment in ESDS through subscribing to fresh equity shares in the Company.  ESDS, in turn, will subscribe to fresh equity shares in Information ......read more

Al Haramain Group Chairman Mohammed Mahtabur Rahman awarded UAE Gold Visa

Mr Mahtabur Rahman, President of Bangladesh Business Council in Dubai, Chairman of Al Haramain Group and Chairman NRB Bank, is the first Non-Resident Bangladeshi (NRB) businessman to receive the UAE Gold Visa Dubai, United Arab Emirates - 17 June 2019:  Mr Mohammed Mahtabur Rahman, Chairman and Managing Director of Al Haramain Group of Companies, Chairman of NRB Bank Ltd (Bangladesh) and President of Bangladesh Business Council in Dubai, UAE, is the first Non-Resident Bangladeshi to have been awarded a UAE Gold Visa, as per the latest announcement by the UAE government to extend the honour to distinguished investors, highly-skilled professionals and scientists, etc.     The recognition comes as Al Haramain Group celebrates 38 years of its presence in the UAE.     Mohammed Mahtabur Rahman is a ......read more

Dubai Parks and Resorts hosts Consul General of the Philippines in Dubai on the occasion of 121st Philippine Independence Day

Dubai, United Arab Emirates - 17 June 2019:  Randy Helou, Vice President Sales & Marketing, DXB Entertainments hosted Consul General of the Philippines Paul Raymund Cortes on the occasion of the 121st Philippine Independence Day for a celebration at Dubai Parks and Resorts. Dubai Parks and Resorts celebrated Philippine Independence Day with numerous activities including traditional cultural performances and fireworks.  

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Vatika Awarded Superbrands Status in UAE 2019

Dabur’s Vatika range has received industry-wide brand recognition  Dubai, United Arab Emirates - 17 June 2019:   Dabur Vatika, the leading natural hair care brand has been recognised as a Superbrand for 2019 by the UAE Super brands Council.    Dabur Vatika is renowned for its wide range of natural hair care products which have been developed with a deeper understanding of Arab consumers and their needs in the region. The brand is a pioneer in launching products with unique blends of natural ingredients for solutions of different hair problems. Dabur Vatika range has also launched products with unique ingredients like Turkish Black seed, Spanish Garlic, Moroccan Argan etc. Even well-known brands in the region do not have such unique products.  Dabur Vatika offers a full spectrum of products ......read more

Al-Futtaim Engineering & Technologies Sponsor annual Genesys G-Summit Middle East 2019

Dubai, United Arab Emirates - 17 June 2019:   Al-Futtaim Engineering & Technologies sponsored G-Summit Middle East 2019, in Dubai. Hosted by Genesys, the global leader in omnichannel customer experience and contact centre solutions, the event gathered over 300 thought leaders, industry experts, partners and customers.  G-Summit is an annual Genesys roadshow event offered in multiple cities worldwide that features conversations, presentations and networking with the leading authorities in the customer experience field from a variety of industries. Commenting on the event, Darko Makura, Chief Executive Officer of Al-Futtaim Engineering & Technologies, said, “As the premium partner for Genesys across UAE and KSA, we are extremely pleased to sponsor the annual G-Summit in Dubai. The event offers businesses ......read more

Barclays Named ‘Middle East Financial Services Advisor of the Year' in Mergermarket M&A Awards 2019

Dubai, United Arab Emirates - 17 June 2019:   Barclays has been named Middle East Financial Services Advisor of the Year 2019 in the prestigious Mergermarket M&A awards, in recognition of its leadership in the Financial Institutions space.  According to Mergermarket, the award is based on a number of factors, including Barclays’ commitment to client service and excellence, the high profile of advisory and capital market transactions and the banks global reach and execution capabilities. Khaled ElDabag, Barclays Head of Banking, Middle East North Africa (MENA) and David Nataf, Barclays Head of Banking, Central Eastern Europe Middle East North Africa (CEEMENA) jointly commented: “This award by Mergermarket is a testament to our strong presence in the Middle East, one of Barclays’ priority markets. ......read more

Sophos Boosts Intercept X for Server with Endpoint Detection and Response to Help Businesses of all Sizes Battle New Blended Cyberattacks

Dubai, United Arab Emirates - 16 June 2019:  a global leader in network and endpoint security, today announced Intercept X for Server with Endpoint Detection and Response (EDR). By adding EDR to Intercept X for Server, IT managers can investigate cyberattacks against servers, a sought-after target due to the high value of data stored there. Cybercriminals frequently evolve their methods and are now blending automation and human hacking skills to successfully carry out attacks on servers. This new type of blended attack combines the use of bots to identify potential victims with active adversaries making decisions about who and how to attack. The SophosLabs Uncut article, Worms Deliver Cryptomining Malware to Web Servers, underscores how easy it is for cybercriminals to leverage bots to discover soft targets. The report explains ......read more

Sharjah Chamber Concludes its Participation in the World Chamber Congress in Brazil

Rio De Janeiro – Sharjah, 15th June 2019:  The Sharjah Chamber of Commerce & Industry (SCCI) concluded its participation in the 11th edition of the World Chamber Congress (WCC), held in Rio De Janeiro, Brazil on June 12 – 14. Under the theme “Creating a Shared Future”, the event was attended by 1200 participants from more than 100 countries around the globe. The SCCI’s delegation comprised Maryam Saif Al Shamsi Assistant General Director, Support Services Sector and Abdul Aziz Shattaf, Assistant General Director, Members Services Sector, Fatima Khalifa Al Maqrab, Head of International Cooperation Department, Omar Ali Saleh, Economic Advisor to the Chamber, Sara Al Yahya, Executive Director of International Cooperation and Ali Al Jarri, an international exhibitions executive. The SCCI’s ......read more

Dubai Maritime Cluster Office and the Irish Maritime Development Office Boost Maritime Collaboration

Two parties sign MoU to help promote trade, identify joint initiatives, and promote research and innovation Dubai, United Arab Emirates - 15 June 2019:  Dubai Maritime Cluster Office (DMCO) of Dubai Maritime City Authority (DMCA) has joined forces with the Irish Maritime Development Office (IMDO) to further boost the maritime collaboration between the two as both work towards strengthening their respective maritime industries by building a smart, vibrant, and sustainable maritime platform of cooperation for maritime operations and businesses. The cooperation is the latest in a string of strategic partnerships of DMCA with international maritime bodies and organizations as part of its bid to create a reliable and vibrant maritime community capable of driving Dubai’s economic development and sustainability in line ......read more

Jafza to Offer Long Term Visa Services to Customers

The UAE’s Leading Free Zone Has Announced Plans to Help Customers Leverage New Visa Options  Dubai, United Arab Emirates, 15 June 2019: In its efforts to support the goals of the UAE Government, Jebel Ali Free Zone (Jafza), a key engine of economic diversification and leading source of foreign investment, is offering facilities to obtain long term visas for its customers to attract and retain high caliber talent within the UAE. In accordance with Resolution No. 56 of 2018, passed by the UAE Cabinet and issued as a decree by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, this initiative applies to a range of investors, entrepreneurs, researchers, and other specialists and innovators. The goal is to promote Dubai as a destination for highly skilled ......read more

Why the Italian bonds rally is overdone

By Althea Spinozzi is a Fixed Income Specialist at Saxo Bank Dubai, United Arab Emirates - 13 June 2019:  The hunt for yield in the bond market has resumed in earnest as investors bet on dovish policy from global central banks. Be wary, however, of the pronounced rally in Italian sovereigns as Rome's European troubles look set to come back with a vengeance in the latter part of this year.  Last week’s European Central Bank meeting made it clear that the bank will not begin its exit from quantitative easing until the economy stabilises. The ECB also communicated that it remains open to the possibility of further easing in the face of continued, severe macro weakness. The news led to a rally across euro-area debt, with long maturities being the most bid. The euro-area yield curve has flattened as long-term ......read more

Accelerated growth sees Amazon crowned 2019's BrandZTM Top 100 Most Valuable Global Brand

• ‘Eco-system’ brands win over consumers as many traditional brand categories crumble • Consumer technology brands pass the $1 trillion brand value mark • Demand grows for ‘mindful marketing’ practices as the consumer voice strengthensin amore ethically-driven world   Dubai, United Arab Emirates - 13 June 2019:   With little sign of a slowdown in growth, Amazon has become the world’s most valuable brand, according to the 2019 BrandZTM Top 100 Most Valuable Global Brands ranking released today by WPP and Kantar at the New York Stock Exchange.   Amazon’s smart acquisitions, that have led to new revenue streams, excellent customer service provision and its ability to stay ahead of its competitors by offering a diverse eco-system of products and ......read more

Mesrkanloo International Exchange signs an investor partnership agreement with Dubai Quality Group

Dubai, United Arab Emirates - 13 June 2019:   Mesrkanloo International Exchange has signed an investor partnership agreement with Dubai Quality Group (DQG), to strengthen the quality, business excellence, innovation, technology, and leadership in the exchange sector. In appreciation ceremony for its investment in DQG’s initiatives, a delegation headed by Eng. Hassan Omar, Chairman Dubai Quality Group, handed over the Certificate of Investor Partnership to Mr. Philip George – General Manager, Mesrkanloo International Exchange, in presence of Mr.Biju Ipe – Compliance Manager, Mr.Sathiyamoorthi Sukumar – Operations Manager, Mr.Ulaganathan Dharmalingam – IT Manager, Mr.Aqeel – Accounts General, Ms.Sheby Varghese – HR Officer, Ms.Umamaheswari Sukumar– Compliance Officer,  ......read more

Leo Burnett MEA Wins Bee'ah Creative Contract

Dubai, UAE, 12 June 2019:  Following a multi-agency pitch, Leo Burnett MEA has won the creative services assignment for Bee’ah, the Middle East’s sustainability pioneer, to further establish and strengthen its brand. The agency will develop an integrated re-launch communication strategy and design corporate and brand communications campaigns to forge a deep connection with the Bee’ah audience and take its business forward.  As a purpose-led organization, Bee’ah’s vision and ambitions have rapidly evolved to coincide with the growing ambitions of the UAE as it transitions into a greener future. Its forward-thinking approach has not only resulted in a diversified portfolio, but is also a key driver in the company’s transition to become a holding group with a new vision of “pioneering a ......read more

Intertek awards Almarai ISO 9001:2015 certification across Saudi Arabia

June 12 2019, Riyadh, Saudi Arabia:  Intertek, a leading Total Quality Assurance provider to industries worldwide, has awarded Almarai Company, Middle East’s leading food and beverage manufacturer and distributor, the ISO 9001:2015 certification for Quality Management Systems. The certification has been obtained for all Almarai’s operations in Saudi Arabia through a series of multi-site certification audits across its various subsidiaries and facilities in the Kingdom. The Intertek ISO 9001 certificate is accredited by the United Kingdom Accreditation Service (UKAS). Intertek has collaborated with Almarai for the certification since 2018, when it began an extensive audit process which involved numerous production facilities and subsidiaries.  As one of the world’s largest dairy companies and the ......read more

Concerns Over Privacy and Security Contribute to Consumer Distrust in Connected Devices

New research shows privacy, security are frequently key consumer concerns and drive buying decisions 73% of consumers think people using connected devices should worry about eavesdropping, and 63% think connected devices are “creepy” in the way they collect data about people and their behaviors Dubai, United Arab Emirates - 12 June 2019:   A global survey conducted by Ipsos MORI on behalf of the Internet Society and Consumers International found that 65% of consumers are concerned with the way connected devices collect data. More than half (55%) do not trust their connected devices[1] to protect their privacy and a similar proportion (53%) do not trust connected devices to handle their information responsibly.  The survey was conducted across the US, Canada, Japan, Australia, France and the United ......read more

Vincitore Realty sells out 108 homes in the Dh375 million Benessere project in just three weeks!

1. Vincitore Realty, Dubai’s Finest Bespoke Real Estate Developer, sold out Phase 1 of its new revolutionary project, Vincitore Benessere, in just 3 weeks from launch.    2. Vincitore Benessere, a project worth over Dhs 375 million, becomes one of Dubai’s fastest selling project in QI 2019, bridging the gap between Luxury, quality Lifestyle and Wellness in Dubai’s realty arcade.   3. Vincitore Realty sets record-breaking feat by selling 108 units in just 21 days since the launch of Vincitore Benessere, A project which is designed with the vision to bring a new era of wellness, happiness, and quality to The Dubai real estate market.   4. Vincitore’s real estate portfolio value exceeds Dh730 million with 775 residential units across their three ......read more

Dp World, UAE Region's Strategic Solutions Boost the Automotive Sector

Al Muallem: “We Offer Our Customers The Most Robust Infrastructure For Automotive Trade In The Region.” Dubai, United Arab Emirates, 10 June 2019:  DP World UAE Region’s strategic solutions and services have consistently catered to the automotive and spare parts sector, driving forward economic diversification in line with the UAE government goals. The trade enabler has been a leading player in developing and facilitating the nation’s automotive sector since its inception, proving it to be the preferred trade hub in the region. Jebel Ali Port saw 54 per cent of the regional throughput, while Jebel Ali Free Zone (Jafza), has accounted for 48 per cent of Dubai’s total trade value with over 550 companies in over 60 countries for the sector in 2018.  In addition, Jebel Ali Port has ......read more

Schneider Electric Acquires Stake in AutoGrid

Establishes co-innovation partnership focused on AI and machine learning solutions for distributed energy resources Dubai, United Arab Emirates - 10 June 2019:   Schneider Electric, a leader in the digital transformation of energy management and automation, has announced an investment in AutoGrid, a leader in flexibility management software for the energy industry.  The investment makes Schneider Electric a major shareholder in the company and establishes a co-innovation partnership focused on driving new AI and machine learning solutions for the utilities and commercial and industrial companies.  Most immediately, Schneider Electric will leverage AutoGrid's Energy Internet and Flex platforms to add artificial intelligence-driven solutions for customers' distributed energy projects. This will ......read more

Emirates NBD highlights commitment to preserving marine biodiversity on World Ocean Day

Bank’s Keep the Creek Clean initiative clears more than 5,400kgs of waste from the ocean Dubai, 08 June 2019: Emirates NBD, a leading financial institution in the region, is celebrating World Ocean Day this year by highlighting its commitment to preserving marine biodiversity, under the bank’s Keep the Creek Clean marine conservation programme. The Keep the Creek Clean initiative was introduced by Emirates NBD Private Banking in 2018, with the goal of helping preserve and clean up the UAE’s waterways, specifically the Dubai Creek and its extended channels. The initiative has successfully trained 33 Emirates NBD Group employees in the PADI Open Water/Advanced Open Dive course, giving them the ability to dive down to 18 metres to help clean up and protect the UAE’s underwater ecosystems. The first dive ......read more

NRI Businessman Rizwan Sajan becomes one of the first few foreigners to receive the 10-year visa

The UAE has started issuing 10-year residence visas to select group of investors, professionals and scientists – as the country begins liberalising residency permits to gradually allow permanent residency   Dubai, United Arab Emirates - 01 June 2019:      1. UAE has started issuing 10-year residence visas to select group of investors, entrepreneurs, professionals and scientists   2. Danube Group, owned by Rizwan Sajan and his family, has grown to become a Dh5.5 billion (US$1.5 billion) annual turnover conglomerate operating through 10 companies and in five business verticals    3. Rizwan Sajan, who has invested heavily in the UAE economy, is one of the first few foreigners to receive the 10-year visa   4. This is a major milestone in liberalising the UAE that ......read more

Omega Gets on Board With Alinghi

OMEGA and ALINGHI have joined forces in a brand new sailing partnership, just days before the launch of the GC32 season in Villasimius. Dubai, United Arab Emirates - May 29, 2019:   For more than 25 years, the prestigious Swiss watchmaker has shown a proud commitment to the world of sailing and it will continue that passion by accompanying the ALINGHI team on its competitive circuits. Ernesto Bertarelli, founder and skipper of ALINGHI said, "ALINGHI and OMEGA share the same dedication to innovation, technology and speed. We are proud to represent Switzerland together and I am delighted to combine the excellence and know-how of the renowned watchmaker with the skill and success of ALINGHI on the water. In this 50th anniversary year of Apollo 11 and the OMEGA Speedmaster’s legendary role aboard that mission, I ......read more

Refinitiv report finds global companies to ramp-up innovation as 72% fall prey to financial crime

 73% across the Middle East, spiking to 85% in KSA, are aware of financial crime in their global operations    85% across the region, rising to 92% in KSA, believe humans are a necessary asset to source trusted data and train algorithms     100% in KSA, 99% in the UAE believe that technology can significantly help with financial crime prevention   Dubai, United Arab Emirates - May 29, 2019:    Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has published its second annual financial crime report today. Innovation and the fight against financial crime: How data and technology can turn the tide highlights that almost three-quarters (72%) of organisations have been victims of financial crime over the past 12 months with a lax ......read more

UAE Exchange's Emiratisation Initiative Lauded by Ministry of Human Resources and Emiratisation

Emerges as one of the top recruiters in the 100-day Emiratisation Accelerator Program Dubai, 28th May 2019:  UAE Exchange, a renowned financial services brand in the United Arab Emirates, received an appreciation award from the Ministry of Human Resources and Emiratisation for their commitment and contribution to the Emiratisation initiative under the Government Accelerators program. The award was presented by His Excellency Nasser Bin Thani Juma Al Hamli, Minister of Human Resources and Emiratization, and His Excellency Saif Ahmed Al Suwaidi, Undersecretary of Human Resources and Emiratization, on 28 April 2019, at Palazzo Versace Hotel Dubai. UAE Exchange was invited to participate in the ‘Specialised Emiratisation Acceleration and Direct Employment Initiative in Targeted Strategic Sectors’ for the second time in ......read more

Other Top Stories from Banking and Investments
 
MEA region Wealth Expected to Grow at 6 Percent Annually Over Next 5 Years According to New Oliver ...…

Growth in Emerging Markets is Almost Twice the Rate of Developed Markets   Dubai, United Arab Emirates - May 26, 2019:  Oliver Wyman and Deutsche Bank today released their fourth annual Wealth Management report titled “Out of the pit stop - into the fast lane.” In 2018, Wealth Managers faced growing headwinds.    The report finds that global ......read more

Mali Prime Minister hails Khalifa Fund's support model for entrepreneurs and SMEs…

Abu Dhabi, 25 May 2019:  H.E. Hussain Jasim Al Nowais, Chairman of Khalifa Fund Enterprise Development (KFED)  has received  a delegation from the Republic of Mali headed by H.E Dr. Boubou Cisse, Prime Minister of  Mali at the Khalifa Fund headquarters in Abu Dhabi to explore and learn more about the Fund’s experiences in initiating the culture of leadership among UAE ......read more

Algerian delegation visits Dubai Customs for more cooperation…

Dubai, United Arab Emirates - May 25, 2019:    An Algerian delegation has recently visited Dubai Customs to view its experience in the risk engine, K9 Unit, and Riise; the new disruptive project of Customs World.   The Algerian delegation included Boutaleb Redouane, Director of Resource Department, Boudadi Smail, Director of Transport and Information Center, and Samir ......read more

Jafza and Dubai Chamber Team Up to Enhance Business in Dubai…

Dubai, United Arab Emirates, 25 May 2019:  Jebel Ali Free Zone (Jafza), the Middle East’s leading economic zone, and Dubai Chamber of Commerce and Industry have taken a major step forward in promoting ease of doing business in Dubai by introducing a new system that allows Jafza customers to obtain a Dubai Chamber Membership Certificate through its Dubai Trade portal. The integration ......read more

Icons club launched a coffee table book of inspiring stories…

May 23, 2019 - Dubai, UAE The prestigious Icons club launched an iconic coffee table book, which include many inspiring stories of UAE business tycoon’s journey. Present on the occasion were honourable Mr Vipul - Consul General of India, Mr Rizwan Sajan chairman of Danube Group and Icons Club along with other members of the club and creme de la crème of the society.  The book is ......read more

Lenovo Achieves Record Revenue for Fy18/19 Driven by Success of Intelligent Transformation Strategy ...…

• Lenovo posts record fiscal year results with revenue reaching all time high of US$51 billion, up 12.5% year-on-year • Intelligent Transformation strategy drives PTI jump to US$856 million – up more than four times at 459% YOY • Net income is US$597 million, an increase of US$786 million from last year • Strong fourth quarter performance included double-digit ......read more

Liz Taylor Named Chief Creative Officer of Leo Burnett Worldwide…

Dubai, United Arab Emirates - May 23, 2019:    Award-winning creative leader Liz Taylor will join Leo Burnett Worldwide as chief creative officer. Starting July 8, she will sit at the agency's Chicago headquarters leading the creative direction of the global agency network. Taylor will work alongside the network's creative leadership team to help build the agency's offering ......read more

Dawex Raises €5 Million to Accelerate the Development of the Data Economy…

Amadeus, Itochu Corporation, Bouygues Construction and Caisse des Dépôts invest to support innovation and data exchange technology.    Dubai, United Arab Emirates - May 23, 2019:  Dawex, a leading data exchange technology company and the operator of the largest data marketplace, today announced a new round of funding of €5 million with Amadeus (AMS.MC), Itochu ......read more

Schneider Electric Worldwide Employee Share Ownership Plan (WESOP) wins the ‘Best Plan ...…

Dubai, United Arab Emirates - May 22, 2019:    The Schneider Electric Worldwide Employee Share Ownership Plan (WESOP)  won the award for ‘Best Plan Effectiveness’ last week at the Global Equity Organization (GEO) annual meeting in The Netherlands. GEO is an international network meeting for professionals of equity plans, such as WESOP or Long-Term Incentive ......read more

Sony Corporation achieves strong operating income of US$ 8.06 Billion for FY 2018…

Dubai, United Arab Emirates - May 22, 2019:    Sony Corporation registered a strong operating income of US$8.06 billion (¥894.2 billion) in fiscal year 2018 ended March 31, 2019, with a year-on-year growth of 22 per cent compared to the year ago.   The company’s consolidated sales and operating revenue was valued at US$78.14 billion (¥8.65 trillion), compared ......read more

Gulf Navigation Holding announced 19% revenue growth in Q1…

• Achieves Q1 2019 revenue of AED 45mn, a YoY increase of 19% • Q1 net loss at AED 11mn on account of off-hire days for a vessel and additional expenses attributed to 10-year special survey    Dubai, United Arab Emirates, May 20, 2019:  Gulf Navigation Holding PJSC (“GNH” or “Company”), the Dubai Financial Market listed maritime and ......read more

Qualys Releases Innovative Extension to its Groundbreaking Cloud Agent Platform with New Cloud ...…

Strengthening the company’s groundbreaking Cloud Agent Platform, Qualys’ new high-availability proxy appliances simplify and secure connectivity for large-scale Cloud Agent deployments    Dubai, United Arab Emirates - May 20, 2019:    Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of cloud-based security and compliance solutions, today unveiled ......read more

Grandweld Shipyards launches tenth boat of KOC fleet…

May 20, 2019:  The UAE-based, Grandweld Shipyards, recently announced the launch of its sixth pilot boat for Kuwait Oil Company (KOC). As per a contract signed in May 2017, the “MESKAN” is the final boat of ten – four crew transport boats and six pilot boats – that Grandweld was required to build for KOC’s fleet. With this launch, the total number of six ......read more

61 percent of employees believe sustainability is mandatory for modern businesses – global HP study…

Results establish sustainability as a new workplace standard for successful businesses, and identifies opportunities to advance sustainability in the office    • 46 percent of survey respondents globally would only work for companies with sustainable business practices, while 61 percent believe business sustainability is mandatory  • 58 percent said ......read more

Jafza to Waive Aed 35 Million in Fines…

The GCC’s Leading Free Zone Takes a Bold Step to Celebrate Year of Tolerance Dubai, United Arab Emirates, 19 May 2019:  Jebel Ali Free Zone (Jafza), the Middle East’s leading special economic zone and key growth engine of Dubai’s economy, has announced it will waive an estimated AED 35 million in fines owed by its customers, in commemoration of the UAE Government’s ......read more

Jafza to Infuse Aed 1.3 Billion Into Dubai's Economy…

The First Free Zone in the Country to Return Cash and Bank Guarantees  Dubai, United Arab Emirates, 18 May 2019:   To promote ease of doing business and to support its customers Jebel Ali Free Zone (Jafza), the GCC’s largest special economic zone, will become the first free zone in the country to return cash and bank guarantees to its clients through its new Workforce ......read more

SHUAA Capital progressing with potential combination with ADFG; releases Q1 2019 earnings…

• Combination with major shareholder ADFG progressing through final stages, followed by regulatory and shareholder approvals • Q1 reported revenues increase 67% quarter-on-quarter to AED 55.4 million • Net loss in quarter of AED 24.9 million on the back of legacy provisions and one-off items   Dubai, United Arab Emirates - May 18, 2019:   SHUAA Capital ......read more

Two MEFMA members recognized at Global FM Awards of Excellence 2019…

Dubai, United Arab Emirates - May 16, 2019:   Two members of the Middle East Facility Management Association (MEFMA) bagged major awards at the prestigious Global FM Awards of Excellence 2019. UAE-based integrated facilities management (FM) providers Emrill Services and Adeeb Electrical & Electronics Services were honored in the recently concluded competition for their effective ......read more

Mohammed bin Rashid Space Centre opens registration for 22nd IAA Humans in Space Symposium…

It will showcase the first UAE experience in human space flights field Dubai, United Arab Emirates - May 16, 2019:   Mohammed bin Rashid Space Centre (MBRSC) announced opening early registration for the 22nd session of the International Academy of Astronautics (IAA) Humans in Space Symposium, hosted in Dubai for the first time in the Middle East and North Africa. The event will be ......read more

Swissport Increases Its Ebitda Result for 2018 to 273 Million Euros…

Dubai, United Arab Emirates - May 15, 2019:   Swissport achieved an operating EBITDA of 273.2 million euros in 2018, an increase of 24.1 percent over the previous year's result of 220.1 million euros. Total revenue from operating activities increased to 2.99 billion euros, up 6.7 percent from 2.81 billion euros in 2017.    With revenue of 2.99 billion euros for 2018 ......read more

Dp World UAE Region Awarded for Creating Sustainable Supply Chain…

Dubai, United Arab Emirates, 14 May, 2019:  DP World, UAE Region has been recognised for its efforts to create a more efficient and sustainable supply chain when it was awarded the Supply Chain Sustainability Award at this year’s Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Conference. Mohammed Sulaiman, Business Development Manager of DP World, UAE Region, ......read more

Emirates Islamic announces winner of AED 1 million cash prize for award-winning Kunooz Savings ...…

Dubai, 14 May 2019:   Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently handed over the AED 1 million cash prize for its monthly Kunooz Savings Account draw to the lucky winner, Indian national Abdul Razak Kalathumkara. Commenting on his win, Mr. Abdul Razak Kalathumkara said: “I was overjoyed to receive the good news from the bank ......read more

Emirates Islamic announces winner of AED 1 million cash prize for award-winning Kunooz Savings ...…

Dubai, 14 May 2019:     Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently handed over the AED 1 million cash prize for its monthly Kunooz Savings Account draw to the lucky winner, Indian national Abdul Razak Kalathumkara. Commenting on his win, Mr. Abdul Razak Kalathumkara said: “I was overjoyed to receive the good news from the ......read more

The French Business Council Dubai & Northern Emirates rallies its business community to support the ...…

 Memorandum of Understanding signed about Expo 2020  Gala diner under the theme of the French Pavilion at Expo 2020: Lights, Enlightenment French Business Council Business Award ceremony Very high levels representatives from both sides among them 2 Ministers    United Arab Emirates – May 6, 2019:  In the presence of H.E. Omar Bin Sultan Al ......read more

Regions' happiest workplaces revealed…

The second edition of Happiness @ Work Award winners include both public and private sector organizations   Dubai, April 24, 2019: The region’s top happy workplaces were revealed and honored at the second edition of the Happiness @ Work Award ceremony. The winners include government and private sector organisations that have taken steps to increase the happiness quotient of ......read more

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