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Public Support Innovative Approaches to Reducing Smoking Rates, Reveals New International Survey from Philip Morris International

United Arab Emirates -  March 03, 2021:   A new international survey commissioned by Philip Morris International Inc. (PMI) (NYSE: PM) and conducted by independent research firm Povaddo reveals a public appetite for a better approach to reducing the societal harm caused by cigarettes. Seven in ten respondents (71 percent) believe that encouraging those adults who would otherwise continue to smoke to switch to smoke-free alternatives instead can complement other efforts to reduce harm.   Conducted in December 2020 among 22,500+ adults in 20 countries and territories, the survey explores attitudes regarding the role of smoke-free alternatives in improving public health. The results reveal broad support for novel approaches to accelerating the decline of cigarette smoking. Specifically, the survey found ......read more

AMAALA Signs MoU With the Saudi Federation for Cyber Security, Programming and Drones

AMAALA and Saudi Federation for Cyber Security, Programming and Drones to work on joint initiatives related to drones, programming, and artificial intelligence   Chief Executive Officer at AMAALA, John Pagano                        Chief Executive Officer of The Saudi Federation for Cybersecurity, Programming and Drones, Muteb Alqany   March 01, 2021:   AMAALA, the ultra-luxury development located along Saudi Arabia’s north western coast, has signed a Memorandum of Understanding (MoU) with the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP). The signing will pave the way for the adoption of innovative and emerging technologies within the fields of drones, programming, and artificial Intelligence at AMAALA and marks a ......read more

New Report Offers Global Startups and Investors Insights on Dubai's Entrepreneurial Ecosystem

• Developed by Dubai Startup Hub in cooperation with Dtec, report is a go-to guide for doing business in Dubai, answering commonly asked questions and offering practical tips.   • Report provides valuable insights to investors and entrepreneurs on how they could play a greater role in a post-Covid-19 recovery and digital transformation of the key sectors of Dubai’s economy.     United Arab Emirates -  February 28, 2021:   Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, in cooperation with Dubai Technology Entrepreneur Campus (Dtec), the largest tech co-working space in the Middle East wholly owned by Dubai Silicon Oasis Authority (DSOA), have released the Dubai Startup Report 2021, an informative guide on Dubai’s startup ecosystem for ......read more

BofA Global Research Podcasts: Central Bank Digital Currencies: Stable and Still Disruptive

Key takeaways  •        BofA Global Research Podcasts are an ongoing series of discussions covering growth industries and topical market themes. •        T.J. Thornton is joined by Philip Middleton & Alastair Ryan for a discussion of Central Bank Digital Currencies (CBDCs). •        We discuss differences between CBDC & Crypto, the rise of private sector stablecoins, & impact of CBDC on comm banks.   Central Bank Digital Currencies are not Crypto, but would be a better payment mechanism  While electronic payments today necessitate commercial banks, if Central Bank Digital Currencies (CBDCs) were adopted, electronic payments could happen without them. Deposits could be held at Central Banks too. Our European banks team ......read more

Arab Bank Named the Middle East's Best Trade Finance Provider 2021

Dubai, UAE - 28 February 2021: Global Finance, the New York-based international publication, has recently granted Arab Bank the “Best Trade Finance Provider 2021 in the Middle East” award. The recognition comes as an acknowledgment of the bank’s leading position in the region and its exceptional capabilities in providing the latest banking solutions and trade finance products that meet its clients’ evolving needs across the different sectors.  Arab Bank was selected for this award based on an evaluation process conducted by a panel of the magazine’s editors with input from international financial analysts, corporate executives and technology experts. Criteria for choosing the winners included transaction volume, scope of global coverage, customer service, competitive pricing and innovative ......read more

#TogetherForOurPlanet: British Embassy Riyadh Launches Social Media Campaign to Encourage Action Against Climate Change

Following Saudi Arabia’s G20 Presidency last year, and ahead of COP26, the UN’s Climate Change Conference in Glasgow in November, the British Embassy in Riyadh is asking all of society to make a change #TogetherForOurPlanet Saudi Arabia, Riyadh - 27 February 2021:   As we recover from COVID-19, it is critical that we build back greener and more resilient, protecting the environment for future generations. Our world continues to get hotter, and climate change is a challenge for all. It is crucial that all countries and people take action to safeguard our planet. Today, the British Embassy in Riyadh launched the #TogetherForOurPlanet ãÚÇð_áÃÌá_ßæßÈäÇ# campaign, calling on all of society to pledge one climate action to stop climate change.  The campaign drives awareness about the impact of human actions ......read more

Saxo Bank announces 2020 Results

United Arab Emirates -  February 24, 2021:    The Saxo Bank Group welcomed a record high number of 238,000 new active clients and saw a continued inflow of clients' assets in 2020. This brings the Group’s total to a record of more than 660,000 active clients. The total client base has grown more than 230% since 2018 with a strong acceleration of organic growth in 2020. Total clients' assets ended at DKK 478 billion in 2020 and today exceeds DKK 500 billion.    The Saxo Bank Group reported a net profit of DKK 750 million for 2020 compared to DKK 40 million for 2019. The net profit for the Group when eliminating one-offs, equivalent to the Group’s normalised net profit, was above DKK 1 billion for 2020. Operating income for the Group amounted to DKK 4,316 million in 2020 compared to DKK ......read more

Hon. Regional Director, Middle East of Electronics and Computer Software Export Promotion Council (ESC) meets Hon'ble Chief Minister of Karnataka

United Arab Emirates -  February 24, 2021:  On behalf of Regional representation of Electronics and Computer Software Export Promotion Council (ESC) Mr Kamal Vachani, Hon. Regional Director of ESC met  Mr B. S. Yediyurappa, Hon’ble Chief Minister of Karnataka.   During the interaction, Mr Kamal Vachani, briefed the Minister on the activities of regional representation of Electronics and Computer Software Export Council (ESC), sponsored by the Government of India.  There are more than 2500 companies in ESC from Karnataka  and ESC has more than 250 members from Karnataka. Hon. Chief Minister appreciated the efforts taken by Mr Kamal Vachani in promoting India’s IT exports to the Middle East particularly to the UAE. Mr Kamal Vachani is also Chairman – Dubai & Northern ......read more

Shaping New Governance to Lead Federal Ministries and Departments Is a National Priority

Mohammad Al Gergawi: The next phase requires an integrated system that unifies the efforts of public, semi-government and private sectors Mohammad Al Gergawi: The new strategic government trends centers at developing an advanced work plan that boosts the UAE’s status United Arab Emirates -  February 24, 2021:    At the opening session of the 2021 ministerial retreat that started on Tuesday, His Excellency Mohammad Al Gergawi, Minister of Cabinet Affairs, announced that a new dynamic governance will lead federal ministries, departments and institutions as part of the national priorities for the country’s next phase.  Al Gergawi stressed that the country’s next 50 years call for a full collaboration among the country’s public, semi-private and private sectors, under an integrated ......read more

BofA - Global Energy Weekly: Eyes on the Spare Supplies

OPEC+'s 9mn b/d of spare capacity stands ready to ramp… In the wake of the 2Q20 oil demand collapse, OPEC+ struck an unprecedented deal to remove nearly 10mn b/d of supply from the market. Now, with Brent trading into the $60-65 range, we expect OPEC+ to counter, adding more than 1.3mn b/d of supply in 2Qe and ramping further into year-end to keep prices and balances in check. Over the medium term, we think OPEC+ coordination will likely continue as the group wields its spare capacity in an effort to manage prices. GCC countries will likely have to carry meaningful spare capacity as demand growth slows and modest non-OPEC+ increases fill the gap.  …while US shale takes a back seat over the medium term During 2021-26, non-OPEC is set to add more than 1.5mn b/d of gross capacity (ex-shale), a rate ......read more

Edmond Moutran 1944 — 2021

United Arab Emirates -  February 22, 2021:    One of the region’s most beloved and influential marketing figures, Edmond Moutran ¬— the founder and chairman of Memac Ogilvy — has passed away aged 77. Known affectionately to his friends and colleagues as “Eddie”, he is survived by his wife Liliane, his four children Ramzi, Nabil, Sami and Natasha, and two stepdaughters, Rafa and Hiba. Moutran enjoyed a life and career of many firsts. Revered as a pioneer of the MENA communications industry, he quickly – and prodigiously – distinguished himself as the first Lebanese advertising professional to work and open shop in the Arabian Gulf. Despite his relative youth, Moutran all but assured his legacy as a proponent of the region’s advertising space by establishing his very own ......read more

Procter & Gamble Re-affirms Commitment to Gender Equality at the #WeSeeEqual Summit

P&G’s declaration came as part of the annual event with high-profile global equality advocates Indra Nooyi and Bonang Matheba   Dubai, UAE, 18 February 2021:  Procter & Gamble (P&G) reiterated its commitment around a number of initiatives that will promote gender equality during the annual #WeSeeEqual Summit – part of the company’s citizenship focus on being a Force for Good and Force for Growth. Hosted virtually for the first time, the event saw distinguished advocates and personalities from private and public sectors come together to address the challenges of gender and women’s equality, which have been severely impacted by the pandemic.    Omar Channawi, CEO, P&G Middle East, East and West Africa and General Export Markets said: “P&G places great ......read more

Ariel Middle East Brings Back Its Pod Swap Shop to Ripe Market at Academy Park

The sustainable clothing activation is happening on 19th and 20th February 2021   United Arab Emirates -  February 18, 2021:   Ariel Middle East - one of the world’s most recognisable laundry brands – is bringing back their POD Swap Shop to Ripe Market this weekend on 19th and 20th February 2021. The pop-up shops from Ariel aim to raise awareness about the importance of using quality detergents to keep clothes looking fresh and bright for longer. The intention is to discourage the throwaway nature of fast fashion, and to raise awareness about purchasing habits when it comes to buying and wearing clothes.    The Ariel POD Swap Shop invites people to exchange preowned items of clothing for preloved items available at the shop or bring an empty bottle of liquid detergent to swap for a pack ......read more

Two Fathers Share AED 1,000,000 Mahzooz Prize

- Both winners matched 5 out of 6 numbers winning AED 500,000 each - The Turkish and Bangladeshi expats are both family men and long time UAE residents    18 February 2021, Dubai, UAE: Two lucky winners split the AED 1,000,000 second prize in the 12th live weekly Mahzooz draw. The Dubai-based expats matched five out of six numbers and took home AED 500,000 each.    49-year old Eyup, from Turkey, and 43-year old Biplop, from Bangladesh, are both family men and longtime UAE residents.  “I was watching the show live on YouTube and I got shocked,” said Eyup, who works as a manager in Dubai. “Then the email came, I checked online and I still couldn’t believe it. I checked at least 5 times that night and even woke up my wife and asked her to check.”   A married ......read more

Shabab Al-Ahli wins 2021 Arabian Gulf Super Cup, AWR Group Receives Trophy for its Continued Sponsorship

Dubai, 18 February 2021:  Abdul Wahid Al Rostamani Group, the main sponsor of Shabab Al-Ahli Club for the 2020-2021 season, celebrated the club’s victory in the Arabian Gulf Super Cup. Abdul Wahid Al Rostamani Group is proud of its sponsorship of the Shabab Al-Ahli Club for the 2020-2021 season, which recently managed to achieve its first title this season by winning the Super Cup. Abdul Wahid Al Rostamani Group celebrated the team's first victory in the first championships of the season after winning the title of the Arabian Gulf Super Cup. HE Mohammed Ahmed Al Marri, chairman of the Shabab Al-Ahli sports game sector and the Shabab Al-Ahli board of directors, shared the win with Dr. Khalid  al Zahed and Khalid Abdul Wahid Al Rostamani, chairman and CEO of AW Rostamani Group.  

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Ajman Bank Reports Net Profit of AED 53.4 Million in 2020

United Arab Emirates -  February 18, 2021:    Ajman Bank has announced its financial results for the full year ending 31 December 2020. The Bank reported revenue of AED 614.6 million in 2020 compared to AED 636.0 million in the previous year. The net operating profit in 2020 was reported as AED 53.4 million.   Demonstrating its resilience, Ajman Bank made excellent progress in its business objectives despite the unprecedented economic challenges and market conditions due to the impact of the global pandemic on all sectors of the economy. The Bank’s robust performance is reflection of its strong liquidity and capital ratios as well as high level of dedication and commitment to superior service to ensure the continuity of all operations during the crisis. Staff costs and, general and administrative expenses ......read more

DLD: 3,300 Transactions worth AED 6.74 Billion in January 2021

● January 2021 had the highest number of secondary/ready properties transacted in a single month since March 2014. ● Of the sales transactions, 70% were apartments and 30% were villas/townhouses. ● Of the sales transactions, 72% were secondary/ready, and 28% were off-plan. ● In January 2021, the Dubai overall Index reached 1.069, the Dubai apartment Index reached 1.127 and the Dubai villa/townhouse Index reached 0.922.   Dubai, UAE, 17 February 2021:  According to the 11th edition of Mo’asher, Dubai’s official sales price index that was launched by Dubai Land Department (DLD) in cooperation with Property Finder, Dubai’s real estate market recorded 3,300 sales transactions worth AED 6.74 billion in January 2021, a growth of 15.5% in terms of transaction number and 37% in ......read more

Cisco Reveals Top Cybersecurity Threats of 2020

Defending Against Critical Threats Report identifies migration to remote working and evolution of ransomware as key contributors towards diverse criminal activity Dubai, United Arab Emirates, 17 February 2021 – Cisco has revealed the findings of its Defending Against Critical Threats Report, noting changes in criminal activity during 2020 and new methods of exploitation, arising as a result of the pandemic. During a year in which transitioning to digital infrastructures became essential for all, Cisco explores the ongoing complexity and evolution of cyber threats, to inform organizations and empower stronger decision-making.  Increased Vulnerabilities with Remote Working Cisco Umbrella – a cloud-driven Secure Internet Gateway – examined traffic running through its DNS servers, identifying mid-March 2020 ......read more

Sharjah Highlights Lucrative Opportunities for Polish Companies in a Wide Range of Emerging Industries

Invest in Sharjah’s business webinar explores potential in diverse verticals including agri-tech, aqua-tech, IoT and advanced manufacturing Sharjah, February 16, 2021:  Sharjah FDI Office (Invest in Sharjah), operating under the Sharjah Investment and Development Authority (Shurooq), sought to bolster trade ties and investment cooperation and explore potential economic partnerships with entrepreneurs and investors from Poland at the virtual webinar titled ‘Investment opportunities for Polish companies in Sharjah’, held on Monday, February 15.  Showcasing compelling opportunities for Polish businesses in Sharjah’s expanding investment ecosystem, Sharjah FDI office introduced the fast-growing business opportunities in the emirate’s knowledge-based, innovation-driven, and key emerging sectors ......read more

Dubai Chamber Sustainability Network Members Recognised for 2020 Achievements

- Ceremony, attended by over 100 participants, highlighted the work done by Network member companies in 2020 to promote responsible practices and address Covid-related business challenges.     United Arab Emirates -  February 16, 2021:    Dubai Chamber recently hosted the Sustainability Network Achievements Ceremony to acknowledge the commendable work done by its members in implementing sustainable and responsible practices and solutions in response to new challenges created by Covid-19.   Last year, 18 new companies joined the Network, bringing the membership to 69. Launched in 2010, as a platform for the business community to identify and share expertise on CSR and sustainability challenges, the Network has initiated many initiatives to foster the adoption of sustainable practices among the ......read more

Dubai Islamic Bank Full Year 2020 Group Financial Results

Balance sheet up by 25% YoY to AED 289.6 billion Financing & Sukuk investments  up by 26% YoY to AED 232.0 billion Operating revenue up by 2% YoY to AED 9.5 billion Deposits up by 25% to AED 205.9 billion Liquidity remains healthy with financing to deposit ratio of 96% Net Profit of AED 3.2 billion Noor Bank integration completed well ahead of schedule Dividend of 20% subject to shareholder approval     Dubai, February 16, 2021:  Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, today announced its results for the period ending December 31, 2020.    FY 2020 results highlights:   Prudent approach to risk management to ensure long term sustainable growth • Total Income reached AED ......read more

International Halal Accreditation Forum Secretary General to speak at GTR MENA 2021

Dubai, United Arab Emirates, 15th February 2021:  Dr. Rehab Al Ameri, Secretary General of International Halal Accreditation Forum (IHAF) — an independent, non-government network of accreditation bodies that aims to harmonise accreditation practises in halal — will be speaking on the second day of the Global Trade Review (GTR) Middle East and North Africa (MENA) 2021 Virtual, the region’s biggest trade finance conference, on February 16. As one of the event’s keynote speakers, Dr. Al Ameri will underscore how the halal trade’s integrity has strengthened with Islamic countries dependent on Islamic imports, as well as the need to harmonise certification and accreditation of halal food production to ensure the highest standards across different countries and regions. The Secretary General will also ......read more

Abu Dhabi Wins Prestigious China MICE Industry Accolade for its Successful Marketing Efforts

The Abu Dhabi Convention and Exhibition Bureau praised for connecting with clients across China via innovative destination promotional initiatives Abu Dhabi, United Arab Emirates, 15 February 2021: The Abu Dhabi Convention and Exhibition Bureau (ADCEB) has made a successful start to 2021 by winning the ‘Best Marketing Destination’ award at the MICE China Forum and Awards.  Part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), ADCEB is the lead body overseeing and supporting the development and promotion of business events in the capital of the UAE, and the entity accepted the prestigious accolade via a virtual ceremony which was held on December 31st, 2020. The MICE China Forum and Awards is a renowned annual event hosted by a trade media company specialising in the MICE industry. The ......read more

Aafaq Islamic Finance introduces ‘Osool' to Empower Emirati SME Owners

Dubai SME: H.E. Abdul Baset Al Janahi – CEO, Mr. Saeed Matar Al Marri – DCEO. Aafaq Islamic Finance: Mr. Rashid Mahboob Al Qubaisi – CEO, Mr. Mohammed Al Dosari – Business Director. Dubai, United Arab Emirates, 15 February - UAE:  Aafaq Islamic Finance, the leading Islamic Finance Company for individuals and companies in the UAE, in partnership with Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector , has announced a unique program called ‘Osool’ for Emirati SMEs to contribute towards the sustainable growth of the national economy. The program aims to support the objective of the UAE Government to support initiatives and programs that enable local SMEs to source funding.  Abdul Baset Al Janahi, CEO of Dubai SME commented: ......read more

EWEC Invites Expression of Interest Submissions for the Development of M2 Reverse Osmosis (RO) Independent Water Project

M2 RO will provide up to 150 million imperial gallons per day and improve the security of water supply in the Emirate of Abu Dhabi Developers or developer consortiums are invited to submit Expressions of Interest by the specified deadline Abu Dhabi, UAE – 15 February 2021:  EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing and supplying of water and electricity across the UAE, today opened invitations to submit Expression of Interest for the development of the Mirfa 2 (M2) Reverse Osmosis (RO) Independent Water Project (IWP).  M2 will see desalination of seawater using reverse osmosis to supply up to 150 million imperial gallons per day of water, improving the security of water supply in the Emirate of Abu Dhabi. In addition, M2 will play a key ......read more

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Hitachi ABB Power Grids drives digital transformation of the power sector with new Smart Digital ...…

Dubai, February 28, 2021: Hitachi ABB Power Grids today announced the launch of its Smart Digital Substation offering which brings together the latest in digital substation technology with the unique predictive, prescriptive and prognostic capabilities of Hitachi’s industry-leading Lumada Asset Performance Management (APM) solution. The Smart Digital Substation forms part of a new wave ......read more

Ajman Free Zone delegation visits Terra – The Sustainability Pavilion at Expo 2020 Dubai…

February 18, 2021:  A delegation from the Ajman Free Zone led by H.E. Eng. Ali Abdulla Bin Towaih AlSuwaidi, Director General of AFZ visited Terra – The Sustainability Pavilion at the Expo 2020 Dubai site, in line with AFZ’s commitment and vision of achieving sustainability. The pavilion has been built to operate net zero for energy and water consumption as part of its ......read more

Mohammed bin Rashid Al Maktoum Global Water Award: inspiring innovation of sustainable technologies ...…

Dubai, UAE, 15 February 2021: The Mohammed bin Rashid Al Maktoum Global Water Award continues its mission of inspiring companies, research centres and institutes, innovators and young people from around the world to present their most innovative solutions that can sustainably provide potable water to the deprived, needy and afflicted people in any parts of the world. HH Sheikh Mohammed bin ......read more

Arab Brazilian Chamber of Commerce to explore economic situation in Brazil and Arab countries in ...…

Webinar to host panel discussions on technology and strategies to boost the economic sector of both regions February 11, 2021- Arab Brazilian Chamber of Commerce (ABCC) is set to host a webinar today (Thursday, February 11, 2021) to explore the economic situation of Brazil and the Arab world in terms of the COVID-19 pandemic and vaccine implementation. The virtual event will present ......read more

Suqia eyes stronger ASEAN participation in 3rd biennial Mohammed bin Rashid Al Maktoum Global ...…

Dubai, UAE, 10 February 2021: The UAE Water Aid Foundation (Suqia) held a virtual briefing for members of the press from the Association of Southeast Asian Nations (ASEAN), to promote the third cycle of the Mohammed bin Rashid Al Maktoum Global Water Award. The upcoming cycle will feature the most innovative technologies that can sustainably provide safe drinking water to needy urban and rural ......read more

Mashreq Posts AED 5.1 Billion Revenue for YE 2020…

United Arab Emirates -  February 11, 2021:   Mashreq, one of the leading financial institutions in the UAE, has reported its financial results for the year ending 31st December 2020.   • YoY decline in revenue by 14.1% to AED 5.1bn o The decline is mainly driven by the low interest rate regime, the impact of the pandemic and slower economic activities as a result ......read more

HOPE PROBE 09/02/2021 Quote by Mr. Joy Alukkas…

"The visionary leaders of UAE have once again proved to the world that this wonderful country is in the forefront of scientific development. This success would help the team to get a deeper understanding of Mars.  The journey has been long but the right support and guidance have helped the team to overcome the numerous challenges.  This is yet another testimony to the farsighted ......read more

Mai Dubai achieves net-zero energy consumption in 2020 after solar installations produced more than ...…

More than 4 million kWh of electricity sent to DEWA grid as surplus February 9, 2021 - Mai Dubai, the bottled water company fully owned by the Dubai Electricity and Water Authority (DEWA), has become a net-zero energy consumer following the strong performance of its rooftop solar panel installations which produced more than 30 million kWh of power in 2020, while it consumed only 26 million ......read more

Zimbabwean Agribusiness Companies Eye Dubai to Boost Trade…

• Recent Dubai Chamber webinar identified food trade and agribusiness as key avenues where UAE and Zimbabwe can expand economic cooperation.    • Virtual event attended by 535 attendees from 44 countries, including the UAE, Zimbabwe, South Africa and other African markets.   United Arab Emirates -  February 08, 2021:   Dubai is seeing growing ......read more

Discover What's Next: GROHE Launches Digital Experience Hub “GROHE X”…

• Industry-first: On March 16 LIXIL EMENA will launch a digital platform to experience GROHE brand insights and product news first-hand. • Customer-centric program: Informative and inspirational content tailored to the needs of GROHE’s customers, such as installers, wholesalers, architects and designers, as well as consumers. • New ways of interacting: Visitors can ......read more

ADX Reduces Transaction Fees on Trading Activities by More Than 22% Starting February 14…

• Part of "ADX One" strategy 2021 to further enhance market liquidity • Transaction fees reduced on the exchange to 0.175% from 0.225% • Incentive plan for brokers who generate AED 20 million in trading commission for the exchange      Abu Dhabi, February 6, 2021: The Abu Dhabi Securities Exchange (ADX) announced today that it is reducing ......read more

Long Term Sustainable Growth Strategy Drives Record Results for Second Consecutive Quarter…

• Second consecutive record-breaking quarter, with revenue, pre-tax income, and net income all reporting record highs  • Group revenue up by 22% year-on-year to US$17.2 billion • Quarterly pre-tax income (PTI) of US$591 million up 52% year-on-year • Net income up 53% year-on-year to US$395 million • All core businesses delivered both topline and ......read more

1st Three Winners of Fujairah Social and Cultural Association & KASHKHA Excellence Award Announced…

United Arab Emirates -  February 04, 2021:   Celebrating women in the United Arab Emirates who make this world a better place to live, Fujairah Social and Cultural Association and KASHKHA, a leading modest fashion brand, have together launched a special awards programme for Emirati women. Ms Ebtesam Ali Salem Alshaaer Alkindi, Ms Maryam Ali Al-Shehhi - Umm Seif and Ms Shaikhah ......read more

Bayara and Total Solar Distributed Generation Celebrate First Year of Solar Rooftop Installation'…

Estimated reduction of nearly 1,000 tons of CO2 per year for Bayara, which is equivalent of planting over 25,000 trees United Arab Emirates -  February 04, 2021:   Gyma Food Industries - Bayara, a leading manufacturer of nuts, dried fruits and spices across the Middle East and Africa region (MENA), and a renowned brand of pure and natural flavours, is celebrating one year of its ......read more

BofA- Commodity Update: Retail coming to silver?…

Key takeaways    •        Silver has organically rebalanced and is in deficit. ETFs critical, owning equivalent of 84% metal held in LBMA vaults. •        Markets have been volatile, as P/NAV ratios and EFPs show. Yet, valuations have by and large remained within familiar ranges. •        Not ......read more

Take the Wheel and Drive your Bank's Agility!…

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Lg Announces 2020 Financial Results…

Highest Fourth-Quarter Sales and Operating Profit in LG’s History,  2020 Profit Also Sets New Company Record United Arab Emirates -  February 01, 2021:   LG Electronics Inc. (LG) announced a strong year with 2020 revenues of KRW 63.26 trillion (USD 56.45 billion) and record-setting operating profit of KRW 3.20 trillion (USD 2.85 billion), an increase of 31.1 ......read more

Brazil's exports to Arab region records USD 6.1 billion Surplus in 2020…

USD 11.47 billion in revenue generated during same year January 30, 2021 – Brazil’s exports to the Arab countries continue to surge, driving the trade surplus to USD 6.11 billion in 2020, according to the latest figures released by the Arab-Brazilian Chamber of Commerce (ABCC).  The South American country’s exports to the bloc of Arab countries generated USD 11.47 ......read more

Agthia Completes Transaction to Acquire Kuwait's Al Faysal Bakery and Sweets…

• The acquisition strengthens Agthia Group’s regional footprint and diversifies its product portfolio and consumer base   Abu Dhabi, UAE, January 28, 2021 - Agthia Group PJSC, a leading food and beverages company, today announced that it has successfully completed its transaction to acquire 100% share capital of Al Faysal Bakery and Sweets, one of Kuwait’s leading ......read more

The Leading Tobacco Heating System IQOS from Philip Morris International is now available in Kuwait…

• The world’s leading tobacco heating system makes its debut in Kuwait. • IQOS presents a better alternative for adult smokers who would otherwise continue smoking.  • IQOS HeatControl™ Technology heats tobacco instead of burning it to deliver the true taste of real tobacco. • PMI is proactively disrupting its own business and embarks on a journey ......read more

India's Business Giant Darwin Platform Group Signs MoU with UAE's ARJ Holdings, Westford and Jan ...…

· Eying emerging and high growth sectors  Darwin Platform ties-up with ARJ Holdings and Jan Bros to bring and market  their wide range of products and  services in India,  joins hands with the UAE entities to expand businesses in both   India & UAE   · Partners with Westford Education Group to establish a Campus of Liverpool John Moores ......read more

UAE Embraces Virtual Learning for Sustainable Economic Growth…

By Deepshikha Kumar Anand January 27, 2021:  The United Arab Emirates (UAE) government is investing massively to diversify the economy and reduce its dependence on oil revenue for many years. Favorable infrastructure and economic policies proved effective in this realm and both the manufacturing and service sectors have witnessed unprecedented growth in the last couple of years. Before ......read more

Arab Bank Group Reports Net Profits of $195.3 Million for 2020 12% Cash Dividends…

United Arab Emirates -  January 26, 2021:  Arab Bank Group closed 2020 reporting net income after tax of $195.3 million as compared to $846.5 million in 2019, recording a drop of 77%.  Group equity grew to reach $9.4 billion. The Board of Directors has recommended to the shareholders the distribution of 12% cash dividends for the financial year 2020. The year 2020 was ......read more

Alpen Gears Up to Provide Islamic Offering, Constitutes Shari'ah Supervisory Board chaired by ...…

Dubai - January 25, 2021:  Alpen Capital and Alpen Asset Advisors (Alpen) announce the formation of their Shari’ah Supervisory Board (SSB). The SSB will supervise and advise on Shari’ah related matters in conducting Islamic Financial Business including Shari’ah Review & Consultation and Shari’ah Audit. Alpen has engaged Minhaj Advisory, a firm specialized in ......read more

Insurers becoming more Attracted to ETFs…

• Insurers plan to increase allocations to ETFs in the coming years • ETFs allow insurers to rapidly diversify their allocations by testing new strategies in a more liquid environment • ETFs are emerging as a key vehicle for institutional investors – among which insurers - to integrate ESG criteria into their portfolios.   Dubai, United Arab Emirates, 25 ......read more

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