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Steel Alliance Against Counterfeiting: “Risks posed by counterfeiting put the whole sector at stake”

Abu Dhabi, UAE, November 16, 2017:  The Steel Alliance Against Counterfeiting (SAAC), a non-profit industry initiative of 18 reputable manufacturers of steel tubular products, organized an open conference during ADIPEC gathering notably EPC contractors, distributors, utilities and customs. It was the opportunity to sum up the results of the SAAC members joint efforts and discuss further steps to effectively counter the use of fake steel products in the region. The SAAC members also presented anti-counterfeit measures for the main stakeholders of oil and gas industry, including end-users, governmental officials and media.  Over the course of two years, the SAAC has been actively promoting the responsible use of steel products to safeguard lives and the environment. The recent study on the use of counterfeit products in GCC ......read more

UAE Exchange to Give Away AED 450,000 to Customers Over 45 days

~Winter Promotion sees one winner each day walk away with AED 10,000~ Dubai, 15 November 2017:  It’s time again to hear the bated breath and pounding hearts of enthusiastic customers at UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, as it launches its Winter Promotion 2017 where every day one lucky customer will walk away with AED 10,000.  The promotion that kicks off from 17 November 2017 will conclude on 31 December 2017. A daily draw will be held, and winners will be announced each day on the brand’s various digital platforms, one of them being UAE Exchange Facebook page. Customers doing transactions – be it remittances, forex or bill payments - from any one of the 150 UAE Exchange outlets across the emirates or online money transfer from UAE Exchange ......read more

Non-Muslims to secure inheritance distribution through RAK ICC registered Wills

RAS AL KHAIMAH, 15 NOVEMBER 2017:  Ras Al Khaimah International Corporate Centre (RAK ICC), has officially launched its Wills and Probate Registry (WPR) programme as part of a one-of-a-kind partnership with Dubai International Financial Center (DIFC), welcoming non-Muslims to register Wills that guarantee asset distribution and guardianship appointment according to their exact wishes. The enforcement of the Wills occurs through DIFC Courts and Ras Al Khaimah Courts. Ramy Jallad, Acting CEO of RAK ICC and Group CEO of Ras Al Khaimah Economic Zone (RAKEZ), commented: “We live in a country filled with people from different walks of life who have different wishes on how they want their children and estates to be handled after a long and healthy life. With RAK ICC WPR, we provide non-Muslims the freedom to opt out of the usual ......read more

Al Rawdah partners with SAP to implement ERP across all operations

Technology partnership unlocks cost, productivity and speed benefits to cement Al Rawdah’s credentials as an innovation leader Dubai, UAE – November 16, 2017:  Emirates Modern Poultry Co., also known as Al Rawdah, has partnered with SAP to bring cutting edge technology to its UAE-wide operations. The partnership will see Al Rawdah implement SAP’s Enterprise Resource Planning framework to improve confidentiality, integrity, availability and customer support.  “The technology partnership, which first started earlier this year, is now seeing Al Rawdah adopt SAP ERP technology across all its operations, coupled with comprehensive business process re-engineering. The entire process will occur in stages, with full implementation expected to take 8 months,” said Mustafa Arshad, Manager Information ......read more

Thales to establish ‘UAE Defence Service Centre' to strengthen support to customers

Dubai, UAE, November 15, 2017:  Thales has today announced its plans to establish a dedicated United Arab Emirates Defence Service Centre in Abu Dhabi, with the goal of being closer to its customers and to offer a consolidated suite of services. The Defence Service Centre will bring together and develop the existing UAE based Thales expertise. The Centre will also provide training and transfer of knowledge to enhance Thales’ support to the UAE Armed Forces.   The new Service Centre will serve all divisions of the UAE Armed Forces and will span across the entire Thales portfolio of solutions. The Centre will ensure prompt and efficient service to promote satisfaction, build loyalty and drive Thales’ long-term growth.   Initially built on existing local support, the Service Centre will ramp up ......read more

Mashreq Bank first in the UAE with Innovative SelfServ 80 Series

The new breakthrough ATM solution will help the bank redefine banking experience Dubai, UAE, November 15, 2017:  NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions announced today, that Mashreq Bank, one of the leading financial institutions (FIs) in the UAE, has added the innovative NCR SelfServ 82 ATM, which is part of the NCR SelfServ™ 80 Series family that helps financial institutions redefine the banking experience and change the way consumers interact with the ATM forever. The first SelfServ 82 ATM was deployed at the Deira Branch, Head Office of Mashreq Bank in October. Designed for ease-of-use and delivering an exceptional consumer experience and capable of handling the highest possible transaction volumes the SelfServ 80 series delivers the omni-channel experience whilst ensuring reliable and ......read more

Rockwell Collins part of advancing entrepreneur-led innovation initiative by Airbus in Saudi Arabia

Partnering on program with Airbus, TAQNIA, Saudi Arabian Airlines and other prominent Saudi companies Winning participants to be announced in 2018 DUBAI, United Arab Emirates (Nov. 15, 2017):  Rockwell Collins has joined an initiative with Airbus, TAQNIA Aeronautics, the Saudi Technology Development and Investment Company, Saudi Arabian Airlines and other Saudi companies to support the aviation innovation challenge, Entaliq in Kingdom of Saudi Arabia, to benefit the aerospace industry. The program is organized in conjunction with King Abdulaziz City for Science and Technology (KACST) based in Saudi Arabia.   Rockwell Collins will work alongside the partners to organize student workshops and provide employee mentors to students over the coming months. Interested students apply for the opportunity to share their ......read more

Chinese Giant Hisense Acquires Toshiba Television Business for US$ 113 Million

Hisense will obtain the TV business including production, research & development, and sales functions Acquisition will further develop and grow Hisense international strategy for TV Business Dubai, UAE: 15 November 2017:  Hisense Electric Co., Ltd, a publicly listed subsidiary of Hisense Group announced the agreement to acquire Toshiba TV Productions for a total of US$ 113 Million (12.9 Billion Japanese Yen).   In this transaction, Hisense will purchase 95% stock shares of Toshiba Visual Solutions Corporation (“TVS”), a wholly owned subsidiary of Toshiba Corporation, with Toshiba holding on to its 5% stock rights. Hisense will acquire the TV business including production, research and development, and sales functions. Meanwhile, TVS will acquire a worldwide license to use the Toshiba brand in ......read more

Union Insurance Company Reports Nine-Month Results

Net profit up to AED6.3 million (Dubai, UAE- November 15, 2017):  Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and corporations in the region, has reported a net profit of AED6.3 million for the first nine month ended 30 September 2017 compared to a net loss of AED (12.8) million for the same period last year.   Gross insurance premium rose by 21.75% to AED802 million compared to AED659 million for the same period last year. The company’s total assets increased from AED1.47 billion at year-end 2016 to AED1.84 billion as of 30 September 2017.  Meanwhile, gross technical profit totaled AED 27.2 million compared to a profit of AED26 million reported a year earlier. 

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Ali Sajwani Recognised as Future Leader at Business Awards Honouring Region's Top Achievers

Son of DAMAC Chairman and Founder named “Future Star” for entrepreneurial spirit and potential in industry Dubai, United Arab Emirates – 15 November 2017:  Ali Sajwani, son of DAMAC’s Founder and Chairman, Hussain Sajwani, was recognised as one of Middle East’s “Future Stars” at a red carpet awards ceremony, held last night in Dubai that was attended by VIPs, business leaders from the region, and lifetime achievers from various industries.   Organised by Arabian Business, the Arabian Business Achievement Awards 2017 honoured business leaders who made significant contributions to the region over the last 30 years. At the event, Arabian Business also paid tribute to only nine young and talented individuals demonstrating enormous potential as future leaders in their ......read more

UNATRAC secures USD 275 million facilities and a $125m accordion option

Oversubscribed facility focuses on growth opportunities & strategic expansion    Dubai, United Arab Emirates, November 14, 2017:   Unatrac Holding Limited (“Unatrac”), the exclusive Caterpillar dealer in Ghana, Iraq, Kenya, Liberia, Nigeria, Russia, Sierra Leone, Tanzania and Uganda, announced today the successful completion of a $275m credit package comprising of a $225 million dollar five year revolving credit facility, with a $125m accordion option, and a $50 million dollar one year short term facility.   The facility, arranged by Barclays Bank PLC and J.P. Morgan Securities Plc who acted as Joint Global Coordinators, Bookrunners and Mandated Lead Arrangers, received significant interest resulting in the syndication closing oversubscribed.    The Mandated Lead ......read more

Noor Bank and Global Village Announce Strategic Partnership

Dubai-UAE: 13 November, 2017:  Noor Bank, a leading Shari’a-compliant bank in the UAE, today announced that it has partnered with Global Village, the region’s first and largest multi-cultural festival park. Mufazzal Kajiji, Head of Retail Banking at Noor Bank, and Bader Anwahi, Chief Operating Officer of Global Village signed an agreement outlining the terms of the partnership at a ceremony that was attended by key representatives from both entities. As part of the synergy, Noor Bank is the exclusive banking partner for Global Village. Noor Bank credit and debit card holders are eligible to receive a complimentary ticket on every entry ticket purchased at Global Village. The five-month promotion runs from 1 November 2017 to 31 March 2018 - almost throughout the duration of the current cycle of Global Village ......read more

UnionPay and Mashreq Bank partner to increase online card acceptance in the UAE

The new partnership is in line with the rise in online trading observed across the nation Dubai, UAE, 05 November 2017:  With online trading on the rise in the UAE, global payment network UnionPay International and Mashreq Bank have announced a collaboration to ensure UnionPay cards are accepted on all online merchants of Mashreq Bank.  Research conducted by Payfort, an Amazon company, indicates that the region’s online transaction rates have increased by 22 percent with the UAE increasing by 21 percent in 2016. The research also revealed that the UAE led in terms of the dollar value of online transactions across the Middle East at USD12.4 billion.  The newly launched UPOP (UnionPay Online Payment) service will provide existing customers of UnionPay with a secure and efficient online payment solution in line ......read more

Lombard Odier Demonstrates Growing Commitment to Region With GCC Private Bank of the Year Award

Dubai, UAE, November 11, 2017:  Lombard Odier, leading global wealth and asset manager, has reinforced its dedication to the Gulf Cooperation Council (GCC) region with the prestigious ‘Overall GCC Private Bank’ award at the 2017 WealthBriefing GCC Region Awards ceremony last night.  With over 50 years of service in the region, Bank Lombard Odier & Co Ltd - Representative Office Dubai has been recognized by Wealthbriefing for four consecutive years and has received six regional awards in the past six years. The Bank has further proven its commitment to the wider GCC region in 2017 with a number of initiatives including a stronger workforce, strengthened links with local institutions, the addition of new services such as succession planning and relocation expertise, and significant growth in Islamic investments ......read more

EFS Facilities Services Wins Integrated Facilities Management Contract With King Abdullah Economic City

DUBAI November 09, 2017:   EFS Facilities Services, a regional leader in facilities management services across the Middle East, Africa, South Asia and Turkey, has been awarded a contract to launch an integrated facility management venture at King Abdullah Economic City (KAEC). Under the terms of the agreement, EFS will provide integrated facilities management services across the city, including catering, transportation and value-added services such as the integration of smart technology and Computer Aided Facility Management (CAFM). The contract will run over an initial period of three years. “King Abdullah Economic City is a major social and economic growth driver for the Kingdom of Saudi Arabia. As the city grows in complexity so too does its need for state-of-the-art integrated facilities management,” said ......read more

UAE Exchange Unveils Money Transfer Mobile App and Website

The money transfer mobile app and website add to the portfolio of digital assets. Mobile app has features to track forex rates and fees via graphs for users to calculate the best times to transfer money. Abu Dhabi, 09 November 2017:  UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, announced the launch of its new money transfer mobile app and website in the United Arab Emirates, multiplying customer convenience with preferential exchange rates. The mobile app has features to track forex rates and fees via graphs so that users can calculate the best times to transfer money.   UAE Exchange customers, in the UAE, can now transfer money internationally by logging on to the money transfer mobile app or the website (http://ae.uaeexchange.com), and take advantage of ......read more

UAE Ranks Number One amongst Next Emerging HR Hubs in Market Research Study

Dubai Knowledge Park, Society for Human Resource Management unveil findings of market research study: ‘Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’ Study identifies global HR trends, emerging HR hubs Dubai-UAE: 8 November, 2017:   Dubai Knowledge Park (DKP) and the Society for Human Resource Management (SHRM), the world's largest HR professional society, unveiled the findings of an in-depth market survey entitled ’Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’ at the HR Summit and Expo 2017 in Dubai.    Surveying HR professionals on their perception of the industry, the joint study aimed to identify global HR trends and emerging HR hubs, and gauge the expansion and risk appetites of HR organisations. The ......read more

Ourshopee Launches Online Shopping Website in Qatar

OurShopee- one of the trustworthy shopping website located in UAE and Oman declares the launching of its online shopping website in the first week of November in Qatar. Ourshopee reassured its customers about the genuine quality of its products by giving them the 100% guarantee that shopping on the site would ensure an authentic shopping experience. “Ourshopee is one of the leading reliable online shopping company has been established in the first week of  November in Qatar growing its services by treating its customers with care, concern and utmost devotion solving problems of customers with the blink of an eye leaving the bright smile on their face”, said Jamsheer Thanaloot, the CEO of OurShopee.  OurShopee online shopping site in Doha Qatar offers trouble-free installments plans, free shipping, cash on ......read more

Strong UPS Execution Drives Positive 3Q Results

UPS Revenue Rises 7% on Balanced Shipment Growth and Yield Expansion International Operating Profit Climbs 8.9%; Currency-Neutral Profit* up 20% Daily Export Volume up 19% for 3rd Straight Quarter of Double-Digit Growth U.S. Domestic Revenue up 3.9% on Higher Package Demand and Yields U.S. Operating Profit of $1.2B, Including $50M of Negative Hurricane Impact Supply Chain & Freight Boosts Revenue more than 13%; Profits up 9.7%   Company Lifts Bottom of Guidance Range; Expects Full-Year 2017 Adjusted Earnings Per Share of $5.85 to $6.10 Dubai, United Arab Emirates, November 7, 2017:   UPS (NYSE:UPS) announced earnings per share of $1.45 for the third quarter.  All three major business units executed well during the quarter.  The company converted accelerating global demand for UPS ......read more

Al Mal Capital signs strategic partnership with Azimut to launch UCITS MENA Equity Fund

Dubai, November 7, 2017:  Al Mal Capital PSC (AMC), a subsidiary of Dubai Investments PJSC and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has signed a partnership agreement with Azimut Group to jointly launch a Middle Eastern equity fund.  The Fund will be established by AZ Fund Management S.A., Azimut Luxembourg fund management company within its UCITS umbrella fund. The Fund will integrate the distinctive investment advisory capabilities of AMC with the Group’s global portfolio management team, comprising more than 100 professionals across its international network. The Fund will be branded AZ Fund Al Mal MENA Equity to reflect the strategic partnership between the two companies. Azimut will add the Fund to its global franchise, including third ......read more

Al Naboodah Group Enterprises Kicks Off Sustainability Week

Abdullah Mohammed Juma Al Naboodah , Chairman for Saeed & Mohammed Al Naboodah Holding pledges his commitment to sustainable practices Dubai, United Arab Emirates - 06 November 2017:  Al Naboodah Group Enterprises (ANGE), one of UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, kickstarted Sustainability Week, a week-long employee engagement initiative aimed at creating awareness on the company’s most important sustainability topics.    The event was formally inaugurated by Abdullah Mohammed Juma Al Naboodah, Chairman of Saeed & Mohammed Al Naboodah Holding who was the first to sign a Group-wide pledge, asserting his commitment to sustainability before inviting employees to participate.   In its second year, ANGE’s Sustainability Week ......read more

National Bonds launches nationwide campaign to encourage personal saving

The UAE-wide campaign aims to encourage an open and honest dialogue about poor spending habits and the barriers to saving. Dubai, United Arab Emirates, 6 November 2017:  National Bonds, a leading UAE investment company, has launched a nationwide campaign to encourage UAE residents to identify personal challenges to saving in a bid to instill a culture of saving across the emirates.  National Bonds is calling on members of the public to open up about their financial excuses using the hashtag #SavingsExcuse. So, whether it is spending too much money on weekday takeaways or those must-have manicures; National Bonds wishes to alert the public to the common challenges to saving in the UAE. “We have long supported the Government’s ambition to increase financial literacy and savings to achieve a healthy and ......read more

Growing appetite in region for cutting-edge security solutions

Leading international brands line up range of innovative offerings customized for regional requirements at Intersec 2018 Dubai, UAE, November 2, 2017:  Businesses and commercial enterprises in the Middle East are on the lookout for the latest in security solutions and foolproof monitoring systems, as they endeavour to ensure a safe and secure environment to conduct business.  This increasing appetite and demand from the region for cutting-edge solutions using innovative technology, means international security and safety providers are lining up to fulfil market demand. Intersec 2018, as the leading international trade platform for safety, security and fire protection in the wider region, is the show window of choice for international brands to showcase their entire repertoire of safety and security systems and ......read more

Mashreq Bank - Official Banking Partner for Dubai Property Show in Mumbai

Mashreq exclusively offers personalized financing options for investors  Dubai, United Arab Emirates, 1st November 2017:   Mashreq Bank, one of UAE's leading financial institutions, is the official banking partner for this year's Dubai Property Show in Mumbai in its third edition, which will take place from 03 to 05 November 2017 in Bandra Kurla Complex, Mumbai. As the strategic partner for Dubai Property Show, Mashreq is facilitating purchases for Indian investors looking to invest in real-estate in Dubai by offering them a wide spectrum of financing options for both residential and commercial properties. Mashreq is reputed for offering finance for non-residents to facilitate their property buying experience in the UAE. Rohit Garg, Business Banking Head at Mashreq Bank commented: "Mashreq Bank is ......read more

Lombard Odier Celebrates 30 Years in Asia

Dubai, UAE, November 2, 2017:  Lombard Odier, global wealth and asset manager for private and institutional clients, is pleased to celebrate 30 years in Asia as it continues to grow its business in the region. Lombard Odier first established its Asian presence in 1987, to fulfil the investment goals of global clients. With offices in Hong Kong, Singapore and Tokyo, today it manages private client and institutional wealth while offering solutions for global wealth planning.  Patrick Odier, Senior Managing Partner of Lombard Odier Group, said: “Over the past 30 years Lombard Odier has navigated a generational shift in attitude towards wealth preservation and protection among the region’s wealthiest families.  Asia is a crucial growth market for our private banking, investment management and family services ......read more

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Abu Dhabi National Takaful Co. PSC maintains strong performance momentum in 2017 with a combined ...…

UAE, November 12, 2017 - Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, reported strong financial results by achieving a combined net profit of AED 52 million (Policyholders and Shareholders before Qard Hasan) and an underwriting profit of AED 41.4 million as at end of Q3 2017. ......read more

Unveiling of Unilever Gulf report on ‘Mobilizing Collective Actions to Achieve Sustainable ...…

5th Year of the ‘Unilever Sustainable Living Plan’ marked by:  Event highlights progress against Collective Action via JAFZA Sustainability Network, Young Entrepreneur Awards and Zero waste to landfill blueprint Dubai, November 1st, 2017:  To mark the 5th year of the Unilever Sustainable Living Plan (USLP), Unilever Gulf hosted an event titled #DrivingCollectiveAction ......read more

Al Ansari Exchange launches ‘Win Your Dream Home' winter promotion 2017…

UAE, October 31, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has launched its latest Winter Promotion under the theme ‘Win Your Dream Home’. Exciting prizes will be given away, including 1 kilogram of gold and cash prizes worth more than AED 75,000. The two-month long promotion will start on November 1 and will conclude on December ......read more

Tabreed's Stock Becomes Shari'a Compliant…

October 31, 2017 - Abu Dhabi, United Arab Emirates:  National Central Cooling Company PJSC (DFM: Tabreed), the leading regional UAE-based district cooling utility company, announced today that its stock has become certified as Shari’a compliant.  The announcement follows the recent meeting of the Islamic Banks’ Unified Committee for Shari’a Screening. As a result, ......read more

Ahli United Bank B.S.C. Net Profit Attributable to the Equity Shareholders Surges by 6.0% to US$ ...…

Dubai, UAE, October 31, 2017:  Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 468.7 million for the nine months ended 30 September 2017, an increase of 6.0% as compared to US$ 442.1 million achieved in YTD Q3/2016. The net profit achieved for the third quarter of 2017 was US$ 157.4 million, higher by 11.7% than 2016 third quarter reported ......read more

UAE Exchange Smart Pay Hosts High-Power Summit to Drive HR Innovation…

~Event attracts 150 plus delegates from strategic industry sectors~ Dubai, 31 October 2017:  Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, held a high-power HR Summit at the Sheraton Dubai Creek Hotel today.  The Smart Pay HR Summit, now in its third edition, witnessed more than 150 participants from a cross-section of industries coming ......read more

Ras Al Khaimah's Saud Bin Saqr Establishment For Youth Enterprises Development (RAK-SME) wins ...…

Ras Al Khaimah, 30 October 2017:  Saud Bin Saqr Establishment For Youth Enterprises Development (RAK-SME) has been named bronze winner of a Company of the Year category at The Stevie Awards’ 14th Annual International Business Awards (IBAs). RAK-SME was competing in the ‘Non-Profit or Government Organizations - Small & Medium Size’ category. The Award was presented to ......read more

Al Naboodah Group Enterprises commits to customer happiness…

‘UAE’s Happiest Workplace’ partners with Dubai Economy to roll out Consumer Happiness Counters across its showrooms Dubai, United Arab Emirates, 29 October, 2017:  Al Naboodah Group Enterprises (ANGE), one of the UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, is pledging its full support to Dubai Economy and its ......read more

UAE - India Economic Forum 2017 to Focus on the Vision of Reaching US$ 100 Billion in Bilateral ...…

The Forum serves as a window of opportunities to discuss regulations and policies for prospective investors and to understand the key areas of focus for government bodies.  Both countries are gaining a strong foothold in terms of contributing to the global economy and establishing their authority.  DUBAI – October 28, 2017:  The third edition of the annual UAE-India ......read more

Etihad Rail DB and ADVETI Introduce UAE's First Rail Diploma…

10 UAE Nationals to receive world-class vocational training in collaboration with Deutsche Bahn  Abu Dhabi, UAE: 28 October 2017: Etihad Rail DB, the operations and maintenance arm for Stage One of the UAE’s national railway network, and the Abu Dhabi Vocational Education & Training Institute (ADVETI) have launched the UAE’s first Rail Diploma, aiming to develop a highly ......read more

Awqaf and Minors Affairs Foundation Joins Public, Private Sector Entities in the UAE in Marking ...…

Foundation’s customer services confined to online, smart channels on Thursday, October 26 Exceptions made for elderly, people of determination Dubai-UAE: 26 October 2017:  In line with the ‘Day without Service Centres’ initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Awqaf ......read more

Andhra Pradesh Chief Minister N. Chandrababu Naidu officially inaugurates “DigiLab”, UAE Exchange ...…

UAE Exchange opens DigiLab, a permanent innovation showcase at its Global Headquarters in Abu Dhabi, which exhibits the Group’s digital assets.  DigiLab inaugurated by Mr. N. Chandrababu Naidu, Honourable Chief Minister of Andhra Pradesh, India. DigiLab displays the veritable journey of the company in innovation and digital empowerment.  Abu Dhabi, 25 October ......read more

Lufthansa Group strengthens financial base with its best-ever nine-month result…

January to September 2017 Adjusted EBIT raised EUR 883 million to EUR 2.6 billion Revenues increased EUR 2.9 billion to EUR 26.8 billion Free cash flow improved over 80 per cent to EUR 2.8 billion Net financial debt reduced more than 80 per cent to EUR 521 million  Full-year outlook for 2017 Further slight decline in unit costs expected in fourth quarter Unit ......read more

Apple Pay – Now Made Possible for Mashreq's Customers…

Offering an Easy, Private and Secure Way to Pay Dubai, UAE 24 October 2017:   Mashreq Bank, the leading financial institution in the UAE, today brings its customers Apple Pay, which will transform the mobile payments landscape in UAE with an easy, secure and private way to pay that’s fast and convenient. Digital Payments is one of the key focus areas for Mashreq and we are ......read more

Noon invests in building a new era of Saudi youth entrepreneurship in partnership with the Public ...…

Riyadh, Saudi Arabia; October 24, 2017:  With Noon, the new digital marketplace with the largest assortment of products set to roll out in Saudi Arabia before the end of this year, the Kingdom will witness a new era in youth entrepreneurship, said Mohamed Alabbar, the founder of Noon. He was addressing a media briefing with Faraz Khalid, Chief Executive Officer of Noon, on the sidelines of ......read more

Emirates NBD Asset Management's flagship equities offering, Emirates MENA Top Companies fund, ...…

The fund has outperformed its benchmark in each of the 10 years since inception, generating a total outperformance of over 43% since 2007 The fund has consistently been ranked in the top quartile of performers in the Morningstar Africa and Middle East Peer Group for the past 5 years  Outlook for the asset class and fund is bright, with Saudi Arabia’s likely inclusion in the FTSE ......read more

LH-CRYPTO: Crypto-Version of a Forex Broker Larson&Holz is Launched as an ICO…

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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, ......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 ......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 ......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 ......read more

UAE Exchange Introduces Enhanced Lounge Experience to Deliver Premium Customer Service…

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Winston & Strawn LLP Joins Pearl Initiative's Partner Network to Drive Corporate Governance, ...…

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 ......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 ......read more

Naseba Global WIL Economic Forum to Set the Stage for Impact-led Solutions to Usher in Diversity ...…

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 ......read more

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