Dubai PR Network, Online Press Release from Dubai and Middle East
Featured in Banking and Investments
Empower develops AI based technology for TES operation saving

Annual Saving of 6,880 megawatt-hours electricity    Dubai, UAE, 14 November 2019:   Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced developing of a new system that uses Artificial Intelligence (AI) to operate Thermal Energy Storage (TES) tanks at its district cooling plants. As per the results of a test run conducted at Empower’s Business Bay plant, it has been estimated that approximately 6,880 MWh of electricity will be saved annually in the operation of the district cooling plant. Empower currently depends on past data and individual experience to guide operators to select the best time for charging and discharging of the TES tanks. The new AI based technology will be providing more accurate decisions of TES ......read more

SmartCrowd, MENA's Only Regulated Real Estate Investments Platform Graduates from DFSA's ITL and obtains full license'

Dubai, UAE, November 12, 2019:  SmartCrowd Limited, a Dubai-based company and MENA’s first financially regulated real estate investments platform (REIP) has announced today that the company has fulfilled all regulatory requirements and graduated to a full license from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services based in the Dubai International Financial Centre (DIFC).   Prior to its full license, SmartCrowd was operating under an “Innovation Testing License” as part of the DFSA’s regulatory sandbox program. The new license will permit SmartCrowd to open its platform to international investors and offer international real estate investments.   Founded in 2017, by Siddiq Farid, SmartCrowd uses a crowdfunding model to democratise real estate for ......read more

Beyond Compare: Craft and Culture Combine in Luxurious New Pen Collection

 Bentley Motors and Graf von Faber-Castell launch an exclusive new collection of writing instruments  New Ebony series combines natural luxury materials with finest quality craftsmanship  Incomparable design appeals to automotive lovers and connoisseurs of fine writing culture   Three distinctive writing instruments unite opulence and purpose     Dubai United Arab Emirates - November 12, 2019:   A unique partnership is continuing its journey in a new range of luxury pens by Graf von Faber-Castell for Bentley Motors. The unrivalled craftsmanship and unmistakable design which unites the two combines Bentley’s legendary spirit with the elegance of Graf von Faber-Castell for a writing experience beyond compare: shape your journey for 2020.   A collaboration ......read more

P&O Marinas and Fabulous Yachts Announce the 3rd Edition of the International Superyacht Summit

Top Superyacht Marinas Developers, Superyacht Builders, Experts and Enthusiasts Will Gather in Dubai to Discuss the Impact of Superyacht Marina Developments in Lifestyle and Tourism, And The Emerging Trends in The GCC and Worldwide   Dubai, United Arab Emirates, 10 November 2019:  The third edition of The International Superyacht Summit has been confirmed to take place on March 11 and 12, 2020 in Dubai, UAE.  Under the patronage of DP World subsidiary P&O Marinas and initiated and co-organised by Fabulous Yachts, the next edition of The International Superyacht Summit will discuss local and international issues related to superyachting, including the development of the UAE and region as a superyacht friendly destination. The summit will highlight new themes such as how superyacht marina developments ......read more

Metito's policy on water reuse identified as ‘progressive and disruptive' by global awarding body

Metito received the ‘Progressive Disruptive Policy in Water Reuse’ award at this year’s International Desalination Award World Congress 2019     Dubai, United Arab Emirates - November 10, 2019:    The International Desalination Association (IDA) World Congress 2019, which recently took place during the celebration of Green Week, has recognised a number of outstanding global experts and companies in the desalination and water reuse industry.     Metito, the global provider of smart water management solutions, was honoured with ‘Progressive Disruptive Policy in Water Reuse’ for its relentless development and continuous contribution to water policies in the region. The award was given to the company that has been actively moving the needle in the public sector ......read more

Evonik confirms full-year earnings outlook despite ongoing weakness in global economy

• 2019: Adjusted EBITDA to remain at least stable • Free cash flow outlook for full year confirmed and specified: around €700 million • Q3: Sales and operating earnings below year-ago period • Stricter cost discipline supports earnings       Dubai, United Arab Emirates - November 10, 2019:   Essen, Germany. Evonik is sticking to its full-year earnings outlook despite an ongoing weakness in the global economy.   The company expects adjusted EBITDA to remain at least stable compared with last year. Sales are now expected to be slightly lower than the previous year because of lower demand. Evonik had expected sales to remain stable. In 2018 Evonik generated - excluding the divested Methacrylates business - sales of €13.3 billion and adjusted EBITDA of ......read more

Jafza – First Free Zone to Roll Out Workforce Protection Programme

Thousands of Workers to Benefit as DP World, UAE Region’s Parks and Zones Sign Up with Dubai Insurance Company to Provide Wide-Ranging Cover   Dubai, United Arab Emirates, 06 November 2019: DP World, UAE Region’s flagship Jebel Ali Free Zone (Jafza), signed an agreement with Dubai Insurance Company (DIC) to roll out the Workforce Protection Programme that will cover the companies based in Jafza, National Industries Park (NIP) and Dubai Auto Zone (DAZ). The programme is geared towards supporting goals set by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to improve worker rights and protections, and achieve Dubai's vision as the world’s best city to live and work. The programme covers a wide range of workers who contribute to the ......read more

Ajman Free Zone Sponsors Fifth Edition of the UAE-India Economic Forum

The Forum, in Dubai, provided an opportunity to further the bi-lateral trade relationship existing between the UAE and India   Sheikha Al Nuaimi of Ajman Free Zone offered comment on the importance of business start-ups for the UAE economy     Ajman, United Arab Emirates (November 5, 2019):   Ajman Free Zone was a main sponsor of the Fifth Edition of the UAE-India Economic Forum held at the Waldorf Astoria, DIFC, this week. H.E. Abdullah Ahmed Al Saleh, Undersecretary for Foreign Trade & Industry, Minister of Economy was guest of honour at the event.    The well-attended event brought 500 delegates from India, the UAE and other key markets to explore the potential opportunities inherent in the UAE-India trade relationship.  The UAE-India relationship has entered a ......read more

The ITC and SOFRECOM partnership to deploy fiber network in the Kingdom of Saudi Arabia: Main achievements and ambitions 2 years after.

November 5th, 2019:   Almost two years after the announcement of their partnership to pilot the implementation and management of Outside Plant (OSP) across Saudi Arabia's regions by 2020, the Integrated Telecom Company (ITC), leader in information and communication technologies in Saudi Arabia and Sofrecom, a subsidiary of the Orange Group, specialized in Consulting and engineering in the telecommunications sector, are proud to announce that they have connected more than 400,000 households to the FTTH network.   The partnership which started in 2017 between ITC and Sofrecom, leads to sharing the experience and technological expertise of the Orange Group in the FTTH network. The detailed design and supervision of this network rollout is handled by Sofrecom. The Design methods and tool optimization proposed by ......read more

Saxo Banks Marks a Decade in the Middle East

Regional Assets Under Management Rise 25% on an annualized basis and client numbers grow five-fold over decade    Dubai, United Arab Emirates - November 04, 2019:    Saxo Bank, the leading fintech and regtech specialist focused on multi-asset trading and investment, is celebrating 10 years of operations in the Middle East, reporting a 25% annualized growth rate for assets under management and a five-fold increase in its regional client base. Growth has been spearheaded from Saxo Bank’s regional Dubai hub, which at the time of opening, was the first presence by a Danish bank in the region. As part of its growth, Saxo Bank recently relocated its offices to Boulevard Plaza, Downtown Dubai. The new office provides additional space for seminars, networking and to address the growing needs of Saxo ......read more

Dubai Dialogue 2019 examines business benefits of embracing sustainable innovation

• Dubai Chamber’s largest sustainability conference brought together public and private sector stakeholders to discuss how businesses can harness sustainable innovation to tackle global challenges • Buamim: Technological advancements and growing consumer demand for sustainable products are leading more companies to make sustainable innovation a top priority      Dubai, United Arab Emirates - November 04, 2019:    A growing number of UAE companies are integrating sustainable innovation into their business models and reaping the benefits as they enhance their competitiveness, industry experts explained during the Dubai Dialogue 2019 which took place in the emirate earlier today.   Dubai Dialogue 2019, the largest CSR-focused conference organised by Dubai Chamber of Commerce ......read more

TBI Receives ‘safest Bank in Iraq 2019' by Global Finance

Abu Dhabi, November 3, 2019:   Trade Bank of Iraq (TBI) has been named "Safest Bank in Iraq" by Global Finance magazine in an exclusive survey as part of the publication's annual ranking of the World's Safest Banks. The award, in its 28th edition, evaluates the long-term foreign currency ratings from global ratings agencies Moody’s, Standard & Poor’s and Fitch and the total assets of the 1000 largest banks worldwide Faisal Al Haimus, Chairman & President of Trade Bank of Iraq, who received the award at the ceremony held in in Washington D.C., USA on the sidelines of the 2019 Annual Meetings of the International Monetary Fund said: “This award is a testament to the hard work, dedication and commitment towards our customers. “Our excellent asset quality, and pragmatic ......read more

Tabreed Reports Net Profit of AED 329.1 Million in the Third Quarter of 2019

Moody’s reaffirms Tabreed’s Credit Rating     03 November, 2019:  Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading international district cooling developer based in UAE, released today its consolidated financial results for the first nine months of 2019, reporting an increase of 3.1% in the net profit to AED 329.1 million.    The company continues to meet the growing demand for district cooling solutions and has recently commenced supplying 12,000 RT of cooling services to the expansion of the Galleria Mall Al Maryah Island, covering an area of 1.4 million square feet. This new connection comes as part of Tabreed’s long-term concession, as the exclusive provider of district cooling services for landmark developments on Al Maryah ......read more

Tilal Properties spurs investment growth in Sharjah with promising opportunities

Dubai, United Arab Emirates - November 02, 2019:    The Emirate of Sharjah represents an investment-conducive, business-friendly destination for many investors from all over the world for its robust infrastructure, streamlined procedures in addition to consistent, reliable and performant services. The business landscape in Sharjah is characterised by security, diversity and prosperity, underpinned by large market opportunities and solid business models. The Emirate is witnessing an upward growth trajectory manifested in an increasing number of mega commercial, real estate, investment, tourism and industrial projects that will benefit the Emirate in particular and the UAE in general. His Excellency Khalifa Al Shaibani, Director-General of Tilal Properties, said: “The economic diversity in Sharjah has enabled the ......read more

Virgin Hyperloop One and Saudi Arabia's KAUST Partner to Spur Country's Technology and Transport Development

World’s leading hyperloop company and Saudi’s renowned King Abdullah University of Science and Technology (KAUST) sign agreement during Future Investment Initiative    NOVEMBER 02, 2019:  Virgin Hyperloop One (VHO), the world’s leading hyperloop company, today announced the signing of a Memorandum of Understanding with the Kingdom’s renowned King Abdullah University of Science and Technology (KAUST).   Signed at this year’s Future Investment Initiative, one of the most significant investment conferences globally, the California-based hyperloop company and the Kingdom’s leading private research institution have committed to working together on fostering the exchange of scientific and technological knowledge to further support the development of the country’s ......read more

Peru trade relations to scale new heights with Expo Peru in Dubai

Waiting for starring participation at Expo 2020 Dubai, the first Peru Expo in Dubai will feature a delegation led by Mr. Edgar Vásquez, the Minister of Foreign Trade and Tourism; Mr. Luis Torres, the Executive President of PROMPERÚ.    Dubai – October 31, 2019:   Peru, the highest ranking Latin American nation, presents a constellation of organizations at Expo Peru Dubai 2019 as part of continuing its strategies to generate business opportunities, increase commercial relations and contribute to the positioning of the exportable supply in the Arab countries and Southeast Asian markets, promote Peru as an attractive tourist destination and official launch the Pavilion project for Expo 2020 Dubai with the first stone upon.   A high-level delegation, led by Mr. Edgar Vásquez, the ......read more

GCC's USD 80 Billion Investment in Water Sustainability Takes Centre Stage at Water Expo in Abu Dhabi

UAE Water Security Strategy 2036 and Saudi Arabia’s Qatrah Initiative Illustrate Shift from Desalination to Water Demand and Reuse;  Water Expo & Forum at World Future Energy Summit to Showcase Water Tech, and Bring Together Regional and Global Customers and Investors;  Abu Dhabi Sewerage Services Company, as the Water Expo Strategic Partner, will Showcase UAE Government Innovations in Water Sustainability   Abu Dhabi, United Arab Emirates - October 31, 2019:   The Gulf Cooperation Council (GCC)’s USD 80 billion investment in world-leading water and wastewater sustainability initiatives, will take centre stage at the Water Expo & Forum, part of the World Future Energy Summit 2020 in Abu Dhabi. Taking UAE water innovations to a global audience, the Abu Dhabi Sewerage Services ......read more

Gemini Chairman Sudhakar Rao feted for Lifetime Achievement at Indian Excellence Awards

Sudhakar R. Rao, Chairman of Gemini Group has been honoured with an award of Best Entrepreneur for his excellence in the real estate sector Dubai, UAE, October 30, 2019:  Dubai-based Non-Resident Indian (NRI) entrepreneur Sudhakar Raghvendra Rao, Chairman of Gemini Property Developers, has been honoured with the prestigious lifetime achievement award as Best Entrepreneur at the Indian Excellence Awards 2019 for his excellent leadership in the Real Estate sector which was held at Marriott Hotel Al Jaddaf, Dubai, recently. Founded in 1986 by Sudhakar Rao, the group was originally started as Sievert Group, specialising in technical Testing and Inspection before recently divesting that business to a French multinational giant. A man with a golden heart, Sudhakar Rao, is the Founder Chairman of Gemini Global Hope ......read more

Emirates Integrated Telecommunications Company PJSC (“du”) Announces 3.7% growth in its first 9 month Adjusted Net Profit to reach AED 1.29 billion

Dubai, UAE, 30 October 2019:   Emirates Integrated Telecommunications Company PJSC (“du”) published today its financial results for the nine-month period ended 30 September 2019, reporting Revenues of AED 9.4 billion, an EBITDA of AED 4.22 billion and a Net Profit after royalty of AED 1.29 billion.   For Q3 2019, EITC reported Revenues of AED 3.07 billion, an EBITDA of AED 1.33 billion and a Net Profit after royalty of AED 381 million.   2019 Q3 and First 9 Months Major KPIs (AED million)   Third Quarter Year to Date Q3 2018 Q3 2019 % change YTD 2018 YTD 2019 % ......read more

Liberty Steel plants to merge into one global group, setting sights on carbon-neutral operations by 2030

• A single global company – Liberty Steel Group – to be created, consolidating GFG Alliance’s steel businesses into one legal entity • GREENSTEEL strategies to be at the heart of the combined group, including exploration of new environmentally friendly technology such as hydrogen based steel making • Liberty Steel Group aims to be the world’s first carbon neutral steel company by 2030      Dubai, United Arab Emirates - October 29, 2019:     A single global company with 18 million tonnes of rolled steel capacity annually is to be launched through a consolidation of GFG Alliance’s steel businesses, with an ambition to lead the industry towards a carbon-neutral future.   The family-owned alliance led by Sanjeev Gupta today announces ......read more

Dubai external trade with Brazil makes AED 5.6b in 2018

Dubai – 29 October 2019:   Dubai mutual trade with Brazil in 2018 made around AED 5.6 billion, with AED 5.2 billion in imports, AED 136 million in exports and AED 234 million in re-exports.  Statistics, released by Dubai Customs in conjunction with the visit of the Brazilian President, Jair Bolsonaro to the UAE, showed that trade with Brazil touched AED 3.6 billion in the first half of 2019, with AED 3.4 in imports, AED 56 million in exports and AED 93 million in re-exports.  “Dubai trade with South American countries, especially Brazil, is noticeably growing,” said Ahmed Abdul Salam Kazim, Director of Strategy and Corporate Excellence Department at Dubai Customs. “We do our best to deliver the best customs services and facilities to the Brazilian companies following the directives of ......read more

Mohammed bin Rashid Space Centre receives organising committee flag for IAC 2020

Dubai, United Arab Emirates - October 29, 2019:    Washington D.C, USA, 29th October 2019: The UAE, represented by His Excellency Yousuf Hamad AlShaibani, Director General of the Mohammed bin Rashid Space Centre (MBRSC), received the organising committee flag for the 71st International Astronautical Congress (IAC), which is set to be held in Dubai in 2020. AlShaibani and Pascale Ehrenfreund, new President of the International Astronautical Federation (IAF), signed the contract, in the presence of state and media delegations. This took place at the closing ceremony of the 70th IAC, which was held in Washington D.C, USA, from 21 to 25 October, 2019. HE AlShaibani received the accreditation flag from the IAF and the American Institute of Aeronautics and Astronautics (AIAA), this year’s host organisation for the ......read more

Arab Bank Group profits grow by 4% to $669 million for nine month 2019

Dubai, UAE, 29 October 2019:    Arab Bank Group reported net income after tax for the nine month period ended 30 September 2019 of $668.9 million compared to $643.2 million in the prior period, recording a growth of 4%. The Group’s net income before tax grew by 6% to reach $912 million with net operating income reaching $ 1,040 million and recording a growth of 5%.   Mr. Sabih Masri, Chairman of the Board of Directors stated that the strong operating performance of Arab Bank Group confirms the strength of its franchise locally and abroad with its wide geographical diversification. He added that Arab Bank has recently opened a new branch in Shanghai in a move designed to strengthen its footprint in the Chinese market within its global network which includes about 600 branches across five ......read more

Merck to establish its Sustainability Centre at District 2020, Dubai

A world-leading German science and technology company is the most recent organisation to announce its collaboration with District 2020 in Dubai   Dubai, UAE 28 October 2019  – Merck KGaA Germany, a leading science and technology company, announced today the establishment of its Sustainability Centre in District 2020, Dubai. With a special focus on countries of the Global South, the centre comprises diverse programs that address and accelerate solutions for sustainable challenges through the application of advanced science and technology, which will be launched during Expo 2020 Dubai.  The idea of a Sustainability Centre right in the heart of Dubai was born from a meeting between HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of Dubai Executive Council, ......read more

Airbus showcases its state-of-the-art technology during the Bahrain International Defence Exhibition & Conference (BIDEC)

Dubai, UAE - 28 October 2019 –   Airbus, a leading provider of secure communication and collaboration solutions, is showcasing their diverse portfolio of mission-critical offerings at the 2nd edition of Bahrain International Defense Exhibition & Conference. Being held under the patronage of His Majesty King Hamad bin Isa Al Khalifa, and endorsed by the Bahrain Defense Force; the event will take place between the 28th and 30th of October in Manama; presenting a unique opportunity for Airbus to display its latest technology in secure communications.  During the event, the spotlight will be put on the Tactilon Agnet 500, a modern, scalable, and flexible collaboration solution which is ideal for group communications. The Mission-Critical push-to-talk application is based on 3GPP standards and features secure ......read more

Other Top Stories from Banking and Investments
 
UAE's Multinationals Commit to Partnership Model in Drive to Promote Sustainability Regionwide…

Public-private engagement considered as best approach to drive positive environmental change   Dubai, United Arab Emirates - October 21, 2019:     Several multinational companies based in the UAE have announced their support for a public-private-engagement model to promote sustainability and spearhead the country’s efforts to deliver its Sustainable Development ......read more

Hannah Curran, Founder and CEO of Pure Born…

Dubai, United Arab Emirates - October 21, 2019:    Hannah Curran is the founder and CEO of Pure Born, a homegrown eco-friendly brand that has taken the region by storm. Now a market leader in the organic nappy category, with a legion of fans in the shape of mums and kids, Hannah has created one of the most coveted and innovate eco and ethical brands in the world, dedicated to providing ......read more

HH Sheikh Hamdan bin Rashid Al Maktoum inaugurates 6th World Green Economy Summit…

Dubai, UAE, 20 October 2019:   Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (DEWA) inaugurated today the 6th World Green Economy Summit (WGES 2019) at Dubai ......read more

Train like a Champ with Champion Cleaners…

**If your gym shoes have taken a pounding and your Lycra needs a break send in to the team of experts**   Dubai, United Arab Emirates - October 20, 2019:  Did you know that the cleaning experts at Champion Cleaners will handle practically anything you can throw at them and they do love a challenge! As the new season starts and you begin getting back into your fitness ......read more

WCU: Oil and gold stabilize during a quiet week in commodities…

Dubai, United Arab Emirates - October 20, 2019:    It has been a relatively quiet week in commodities with the different sectors trying to weigh the impact of several key developments such as the weaker dollar, rising equities, trade talks as well as Brexit developments. The IMF downgraded global growth to the lowest level since the global financial crisis while China, the world’s ......read more

Montegrappa Welcomes Back Hazzaa Al Mansoori and Marks the Historic Occasion by releasing an ...…

Charles Nahhas, Middle East Distributor of Montegrappa presenting the unique MBRSC pen to Salem Al Marri, Assistant Director General, MBRSC Dubai, United Arab Emirates, 17 October 2019:  To mark the historic event of Hazzaa AlMansoori becoming the first Emirati astronaut in space and his safe return from the International Space Station (ISS), Montegrappa has created a very exclusive ......read more

Ajman Bank Wins Sharjah Gulf Nationalization Award…

Ajman Bank, one of the leading Islamic financial institutions in the UAE, was named the winner of Sharjah Gulf Nationalization Award at the Sharjah Economic Excellence Awards. The coveted accolade was presented by H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of Sharjah Executive Council to Mr. Mohamed Amiri, the Chief Executive Officer of Ajman ......read more

Worldsteel Short Range Outlook October 2019…

Dubai, United Arab Emirates - October 15, 2019:   The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2019 and 2020. In 2019 worldsteel forecasts that steel demand in China will grow by 7.8% to reach 900.1 Mt and the rest of the world is expected to record 0.2% growth to 874.9 Mt. In 2020, Chinese steel demand is expected to grow by 1.0%, whereas ......read more

Commercial Bank of Dubai adopts the Microsoft Cloud to accelerate digitization…

• Commercial Bank of Dubai will be amongst the early adopters of Microsoft’s UAE cloud regions to avail high performance, security, compliance and data residency   • “The Microsoft Azure cloud will deliver on CBD’s vision to digitally transform itself into a modern banking institution that can adapt and respond to the ever-changing customer needs.” ......read more

DAFZA contributes 12% to Dubai's foreign trade in first half of 2019…

• Results show 8% growth in foreign trade • Trade surplus exceeds AED 11 billion • His Highness Sheikh Ahmed Bin Saeed: the growth of Dubai's foreign trade addresses global economic fluctuations and showcases its strength and sustainability • Dr. Mohammed Al Zarooni: results are a direct reflection of the positive reputation and confidence of foreign companies and ......read more

IFS lays out blueprint for new era of intelligent and autonomous enterprise solutions…

• Evolved architecture for service management, enterprise resource management (ERP) and enterprise asset management (EAM) for rapid innovation • Previews technologies to power augmented/mixed reality-powered remote assistance, digital twins and predictive maintenance    Dubai, United Arab Emirates, October 13, 2019 – IFS, the global enterprise applications ......read more

Dubai-Based NRI business leader donates INR 10m to his Alma Mater to setup Innovation and ...…

Sudhakar R. Rao, Chairman of Gemini Group pledge financial support of INR 10 million to his Alma Mater NIT Warangal on the occasion of its Diamond Jubilee celebrations. Funds to be used towards setting up a state of the art innovation and incubation center.      Dubai, United Arab Emirates - October 13, 2019:    Dubai-based Non-Resident Indian (NRI) business leader ......read more

Dubai Refreshment Company Wins First Prizeat the Dubai Green Industrial Award 2019…

Dubai, United Arab Emirates, 13 October 2019:  Dubai Refreshment Company PJSC “DRC”, the franchisee, sole producer and distributor of PepsiCo products in Dubai, Sharjah and the Northern Emirates, took first place at the Dubai Green Industrial Award 2019 presented by Dubai Exports in cooperation with Dubai Electricity and Water Authority “DEWA”, Etihad Energy ......read more

Union Coop Hosts Almarai's Gifting Ceremony For the Second Time…

Almarai Emirates Company LLC conducts the gifting ceremony of their ‘Back to School’ promotion at Etihad mall   Dubai, United Arab Emirates - October 12, 2019:    Saudi-based firm ‘Almarai’ hosts the gifting ceremony of its ‘Back to School’ campaign at Etihad Mall.  Union Coop and Almarai are two of the most familiar and trustworthy ......read more

The My Perfumes Group receives the Golden Visa…

Dubai, United Arab Emirates - October 12, 2019:   The 10 year Golden Visa found its way to veterans in the perfumery business – My Perfumes. The visas were ceremoniously granted to Mr. Firoz Husaini and Mr. Mustafa Firoz, owners of the 25 year old group. Their contribution to the perfumery industry is well known, they have been pioneers in the Perfumes and Bakhoors industry ......read more

du, Nokia & SRTIP Sign a Strategic teaming Agreement to Bring Sharjah's Knowledge-Based Economic ...…

The agreement will serve as a catalyst for driving Sharjah’s development into a regional and global business hub for Research and Development Dubai, UAE, 10 October 2019:  du, from Emirates Integrated Telecommunications Company (EITC), has signed a strategic teaming agreement with Nokia and the Sharjah Research, Technology and Innovation Park (SRTI Park) – a landmark ......read more

Aquaplex with an eye on the future expansion of Specification sales, launches new Sales office in ...…

Aquaplex has opened a new office following AED 8 million investment in reinforcing its ISD division. Dubai, United Arab Emirates, 10 October 2019:  Aquaplex, the leading supplier of plumbing and bathroom fixtures has opened a new office at Mazaya Business Avenue 2, Jumeirah Lake Towers, Dubai. The new office aims to cater to project-driven commercial opportunities presented by ......read more

Caparol Paints completes two decades of success, innovation and sustainability in the Middle East…

The leading German paint manufacturer marked two decades of growth and innovation in the region Dubai, United Arab Emirates - October 09, 2019:     Caparol Paints, a global manufacturer of German paints and coating solutions, marked its twentieth anniversary of successful operations in the Middle East and Africa. Caparol Paints is bringing its technologically advanced and ......read more

du, NXN, & TELUS Health Collaborate to Optimise the UAE Healthcare Sector…

The organizations will select and implement the best in class TELUS eHealth solutions in line with the UAE’s visions to provide world-class healthcare services Dubai, UAE, 8 October 2019:  du, from Emirates Integrated Telecommunications Company (EITC), along with and NXN and TELUS Health, a specialized advisory and consulting organization, are collaborating to roll out the TELUS ......read more

Nesma collaborates with Hytera for IoT-enabled mission critical communication technologies…

The solutions will cater to massive public safety and smart city projects in Saudi Arabia and the UAE DUBAI- October 7, 2019:  Nesma Telecom & Technology Co. Ltd. (Nesma), a subsidiary of Saudi Arabia-based multinational conglomerate Nesma Holding, announced its plans to provide multi-mode advanced mission critical communication technologies of Hytera for public safety and smart city ......read more

DHL is one of the World's Best Workplaces recognized by Great Place to Work®…

• DHL Express was ranked on this year’s list as one of the best 25 multinational workplaces, the third time in a row • DHL Express moved up two spots since 2018 (# 4)   Dubai, 7th October 2019:  DHL Express, the world’s leading international express service provider, has been recognized as the fourth best place to work globally in the 2019 employer ranking ......read more

Together with Airbus and Submer Technologies, 2CRSi has won a very high-performance server contract ...…

United Arab Emirates, October 7,2019:   2CRSi announces that it has been chosen by AIRBUS to provide very high-performance calculation servers that will be used by a European anti-crime agency.   This commercial success relates to the rollout of OCtoPus 1.8B servers for a total 3,744 CPU Intel® Xeon® cores and more than 7.45 million NVIDIA® CUDA® cores. ......read more

Union Coop Honored by Dubai Chamber for the Seventh Consecutive Year…

The prestigious CSR Label recognized Union Coop’s efforts in the field of Corporate Social Responsibility initiatives for the seventh year in a row   Dubai, United Arab Emirates - October 06, 2019:    Union Coop, the largest consumer cooperative in the UAE, has been awarded the Dubai Chamber Corporate Social Responsibility (CSR) Label for the seventh consecutive year. ......read more

du Introduces Innovative Marketplace for AI-Powered eHealth Solutions at GITEX Technology Week 2019…

The customer-centric AI innovations build on du’s drive towards enhancing patient safety and physician efficiency through technological innovation Dubai, UAE, 6 October 2019:  Through its commitment to making the United Arab Emirates the happiest country in the world, du, from Emirates Integrated Telecommunications Company (EITC), has unveiled three innovative Artificial ......read more

Headline: UAE all set for 10th edition of Annual Investment Meeting…

5 Pillars, One Belt One Road event, Football Investment World Cup & Fun Run are major highlights of the event to be held in Dubai on 24-26 March 2020  Dubai, United Arab Emirates - October 05, 2019:    Annual Investment Meeting (AIM), world’s leading investment platform, an initiative of the UAE Ministry of Economy, held under the patronage of His Highness Sheikh ......read more

Union Coop Heads to China to Maintain Fish Food Security Standards…

Dubai, United Arab Emirates - October 03, 2019:    Union Coop, the largest Consumer Cooperative in the UAE signed agreements with ‘Fish Farms’ and exporters in the People’s Republic of China, which will contribute towards the price reduction of Fish and marine products by 20 to 25%, compared to the current prices. In addition to building a sustainable Food and Fish ......read more

Dubai Chamber awards CSR Label to Alpen Capital for the eighth time…

Dubai, United Arab Emirates -  October 02, 2019:   Alpen Capital (ME) Limited, Dubai, was recognized once again with the Dubai Chamber CSR Label. This is the eighth consecutive year that the organization has won the accolade for its Corporate Social Responsibility (CSR) efforts. H.E. Majid Saif Al Ghurair, Chairman, Dubai Chamber of Commerce and Industry presented the award to ......read more

Refinitiv: Assets Under Management of Arabian Fund Markets increased to US$ 32.4 billion in H1 2019…

Dubai, United Arab Emirates -  October 02, 2019:   The fund industry in the Arabian markets including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates enjoyed overall estimated net inflows of $2.5 bn in H1 2019 according to Refinitiv Lipper Data. These inflows occurred in a volatile but positive market environment driven by discussions about a possible ......read more

The region's first Middle East Instrumentation Control and Automation Conference held successfully…

The event was powered by industry stalwarts including Saudi Aramco, SABIC, Siemens, ADNOC, Kuwait Oil Company, Yokogawa and several others Dubai, United Arab Emirates -  October 02, 2019:   The selection of right instrumentation plays a vital role across varied industries. It aids in heightened efficiencies, allows for reduced environmental impacts and is a valuable face to ......read more

The Most Powerful and Advanced Smartphones — iPhone 11 Pro and iPhone 11 Pro Max — and All New Dual ...…

du is providing the new iPhone 11 line-up to both individual and enterprise customers via a customer-centric range of offers Dubai, UAE, 1st October  2019:  du, from Emirates Integrated Telecommunications Company (EITC), today announced it is offering the latest products from Apple, including iPhone 11 Pro and iPhone 11 Pro Max, a new pro line for  iPhone, as well as the new ......read more

Ajman Bank Supports UAE Federal Council Election Process…

To support the UAE Federal Council Elections and facilitate voting, Ajman Bank has announced paid time off for its employees. All eligible Ajman Bank staff will be able to leave work 2 hours early at the end of the day from 1st to 3rd October to cast their votes. Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, stated, “Very often, people opt not to vote despite the significance ......read more

Tabreed Concludes its Participation in UN Climate Action Summit 2019…

30 September 2019, Abu Dhabi, UAE:  The National Central Cooling Company PJSC “Tabreed,” the global leading UAE-based district cooling developer, participated in the United Nations Climate Action Summit 2019 and related side events, which took place in New York City, USA from 21 – 25 September 2019.  The summit brought together international stakeholders from the ......read more

11 per cent of Al Ansari Exchange workforce made up of UAE Nationals…

97 per cent of Al Ansari Exchange sales call center is managed and operated by Emiratis   UAE, September 30, 2019:   Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, affirmed its commitment towards the UAE’s Emiratisation drive to boost the national workforce in the private sector in line with the UAE Vision 2021 National ......read more

P&O Marinas Reinforces Dubai's Position as Leading Destination for Yachting Enthusiasts…

Participation In Monaco Yacht Show Underpins Rapidly Rising Profile Of The Yacht And Superyacht Sector In The UAE Dubai, United Arab Emirates -  September 30, 2019:   P&O Marinas, a DP World company, has showcased Dubai’s position as a growing and highly sought-after destination for the global yachting community at the Monaco Yacht Show, superyacht enthusiasts and the ......read more

UAE all set for 10th edition of Annual Investment Meeting…

Five Pillars, One Belt One Road event, Football World Cup & Fun Run are major highlights of the event to be held in Dubai on 24-26 March 2020 Dubai, September 29, 2019:  Annual Investment Meeting (AIM), world’s leading investment platform, an initiative of the UAE Ministry of Economy, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President ......read more

BIOS Middle East puts the spotlight on Multi-Cloud during GITEX 2019…

BIOS Middle East will be participating at the week-long technology trade show with Cisco, highlighting the benefits of Multi-Cloud environments.    Dubai, UAE – September 29, 2019:  Successfully advancing customers’ cloud journeys, UAE-headquartered BIOS Middle East together with global technology giant Cisco, will be showcasing how customers can efficiently and ......read more

HUECK Middle East showcases innovative products & solutions at ‘Windows, Doors & Facades Event 2019'…

HUECK is known for its collaborations with research & development institutes for system developments including green technology sector September 26, 2019:   HUECK Middle East Aluminium Systems, one of the leading and most trusted aluminium solutions system provider, is showcasing its latest, and some of the most innovative solutions for the façade industry at the ......read more

Anglo-Gulf Trade Bank Brings International FinTech Talent Home to Abu Dhabi…

Innovative internship program bolsters Abu Dhabi’s status as a world-class centre for finance and innovation Abu Dhabi, UAE, 26 September, 2019: Anglo-Gulf Trade Bank (AGTB), a global pioneer in digital transaction banking, recently brought a new wave of fresh, creative, and curious financial minds to the world-leading financial hub of Abu Dhabi as part of the company’s inaugural ......read more

Zurich launches global contest to spot promising startups from around the world, including from the ...…

Dubai, United Arab Emirates -  September 25, 2019:    Zurich Insurance Group (Zurich) has launched the second edition of its global ‘Zurich Innovation Championship’, offering startups from around the world the opportunity to work with the global insurer to grow their business.  In its second year, the global contest which prides itself as one of the leading ......read more

FANR Certifies second group of UAE National Nuclear Reactor Operators…

- A major milestone in the UAE Peaceful Nuclear Energy Program - 53 SROs and ROs now qualified to work at the Barakah plant; of which 22 are UAE Nationals  - Certification is part of Operational Readiness; a key requirement of the Operating License Application   Abu Dhabi, UAE - 24 September 2019:  The second group of 38 multinational Senior Reactor Operators ......read more

Al Ain Book Fair Launches its 11th Edition…

Event held under the Patronage of HH Sheikh Tahnoun bin Mohammed bin Khalifa Al Nahyan Prominent Emirati and resident authors, artists and intellectuals to take part in a varied cultural programme, organised by Department of Culture and Tourism - Abu Dhabi Al Ain Book Fair set to run from September 24 to October 3 Al Ain, UAE – September 23, 2019:  Under the Patronage of HH ......read more

H.E. Eng. Hessa Al Malek awarded Integration of Women in the Maritime Sector Award at Seatrade ...…

September 23, 2019:  In a glittering awards ceremony awarding the best of the regional maritime industry, H.E Eng. Hessa Al Malek, Marine Transport – Executive Director, Federal Transport Authority - Land & Maritime, was given the Integration of Women in the Maritime Sector Award while Capt. Rado Antolovic Phd, CEO & Managing Director, DP World - Maritime Services Division was ......read more

DHL Express announces annual price adjustments for 2020 in United Arab Emirates…

Average rate increase of 4.9%, effective January 1, 2020 Dubai, United Arab Emirates -  September 23, 2019:   DHL Express, the world’s leading international express services provider, announced a price increase today that will take effect on January 1, 2020. The average shipment price will be 4.9% compared to 2019. “It is our goal at DHL Express to support our ......read more

Dubai Soars to Number Eight Amongst Global Financial Powerhouses…

Maktoum bin Mohammed: Dubai’s steady ascent in rankings driven by DIFC’s remarkable success in building an ecosystem that fosters financial industry growth • Dubai recognised as a top ten financial centre in Global Financial Centres Index for its role in contributing to the development of the regional economy and identifying new pathways to boost the financial technology ......read more

Global thought leaders gather at AVSEC 2019…

Dubai, United Arab Emirates -  September 23, 2019:   More than 650 delegates, from over 50 countries, and 30 speakers headlined another thought-provoking and action-packed edition of the aviation security conference – AVSEC Global 2019. The symposium was officially opened earlier today by HH Sheikh Ahmed bin Saaed Al Maktoum, Chairman and Chief Executive Emirates Airline ......read more

RAK ICC strengthens Ras Al Khaimah's status as global business hub…

Appointment of three global leaders underscores RAK International Corporate Centre’s serious intentions to win the global flight to quality Dubai, United Arab Emirates -  September 23, 2019:   His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK International Corporate Centre (RAK ICC), has re-affirmed the RAK ICC’s commitment to achieve global recognition ......read more

KhalifaSat congratulated people of KSA with a capture of the skyscraper, Kingdom Centre, image ...…

September 22, 2019:   KhalifaSat, an earth observation satellite, congratulated people of KSA with a capture of the skyscraper, Kingdom Centre, image from space.  The image is 70 cm in resolution and taken from 6 degrees roll tilt angle.   KhalifaSat was fully developed at MBRSC facilities by Emirati engineers and was launched to space in October 2018. It has 5 patents ......read more

Tilal Properties showcases Tilal City at Cityscape Global…

Providing reduced rates, significant cash discounts, flexible payment plans & fees waivers for end-users, investors & brokers Invites home seekers and investors to avail exclusive offers during the 3-day exhibition in Dubai Sharjah, UAE - 21st September 2019: Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, has announced its ......read more

BCG's 2019 SEDA Global Standings, Report GCC as a Global Leader…

The GCC region performed well compared to the rest of the world, most notably in the area of income, BCG’s latest SEDA global report reveals.   Dubai, September 19, 2019 — The Gulf Cooperation Council (GCC) region has emerged as a global leader in several SEDA dimensions, according to a new report compiled by Boston Global Consulting Group (BCG), titled Measure Well-Being ......read more

Peru brings craftsmanship and exclusive designs to the region's design and hospitality sector…

Dubai, United Arab Emirates -  September 18, 2019:    Peru, one of the most beautiful Latin American nations, exhibits a diverse range of inimitable home décor products with great vision and aesthetic qualities at INDEX Dubai.  The Peruvian pavilion will showcase a balance between innovation and tradition with unique and high-quality decorative items designed to meet the ......read more

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