Winners of the 2009th edition of Happiness @ Work Award include organizations from both public and private sectors of countries in the region.
Dubai, August 13, 2020: Happiest workplaces in the region have been revealed and honored at the third edition of Happiness @ Work Award virtual ceremony. The winners included government and private sector organizations that have taken steps to increase the happiness quotient of its workforce.
Mohammed Bin Rashid Establishment for SME Development (Dubai SME) has emerged as the happiest workplace in the public sector. The same honor in the private sector went to Paramount Computer Systems; and Xworks Interiors won the title in Small and Medium Enterprises (SME) sector category, which is new this year.
Sustainable Mindz, a Dubai-headquartered expert center for ......read more
Barclays has appointed Jean-Christophe Gerard as CEO, Barclays Private Bank with immediate effect, subject to regulatory approval.
Dubai, United Arab Emirates, 13 August 2020: Jean-Christophe joined Barclays in 2017, initially heading up Investments for Barclays Private Bank and has almost 30 years’ of experience in private banking, asset management and investment banking. His previous roles also include Head of Private Bank Europe, Monaco and Switzerland, and CEO of Barclays Monaco.
Barclays Private Bank is well-established as a quality private bank and partner to Global Ultra-High Net Worth Individuals (UHNWIs) and Family Offices looking for a full range of specialised services across international booking platforms. Jean-Christophe’s appointment also follows a series of recent announcements that has seen the ......read more
Recently established Nuwa Capital has made its first investment in MENA-focused eyewa as part of its US$2.5 M pre-Series B bridge round which includes Wamda Capital and EQ2 Ventures.
August 13, 2020, Dubai, United Arab Emirates: Nuwa Capital has announced its first investment since its launch in February 2020. The firm has joined Wamda Capital and EQ2 Ventures in eyewa's pre-Series B bridge round. Since the company's launch in 2017, eyewa has raised a total of US$11.1 million.
Nuwa Capital’s vision is to support financially, strategically and operationally, founders reshaping the markets they operate in, with a specific focus on retail in the form of DTC (Direct-to-Consumer), Rapidly Digitizing Industries (RDI) such as healthcare, proptech, fintech, as well as SaaS ......read more
August 13, 2020: Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk adviser. The increase, the largest since the index was launched in 2012, follows year-over-year average increases of 14% in the first quarter and 11% in the fourth quarter of 2019.
As with the first quarter, average price increases were driven principally by increases in property insurance rates and financial and professional lines. Among other findings, the survey noted:
• Global property insurance was up 19% and global financial and professional lines were up 37%, while global casualty pricing was up 7% on average.
• Composite pricing in the second quarter ......read more
13 August 2020: Commenting on the publication of an open letter to the UN Secretary-General urging them to take action to deal with the FSO SAFER oil tanker and stop a humanitarian and environmental catastrophe off Yemen, Greenpeace MENA Executive Director Zeina Alhajj said:
“Time has run out on doing nothing to avert the looming social and ecological disaster that is the FSO SAFER oil tanker. Inaction is no longer an option.
“The UN is our last, best hope of averting a catastrophic oil spill in the Red Sea. It has all the influence and expertise to solve the problem and Greenpeace urge the Secretary-General to make repairing the tanker and removing the million barrels of oil on board a priority.
“Unless the UN act we risk sleepwalking into a disaster of international significance that will heap even more ......read more
One of the largest growth financings raised in Europe in 2020
Dubai, UAE, 12 August 2020: HMD Global, the home of Nokia phones, today announces it has successfully closed 230 million USD in the first closing of its current funding round from some of its top global strategic partners.
As well as establishing itself as a leading feature phone manufacturer by value , HMD Global has been successful in clearly differentiating its Android™ smartphone offering. Nokia smartphones come with premium Nordic design that is inspired by the company’s European heritage, superior product quality, premium ZEISS imaging experience, and market-leading reliability, as well as security features including a three-year monthly security update promise and two-year Android software upgrade commitment with the Android One promise. ......read more
August 12, 2020 - Mezzan Holding KSC, one of the largest manufacturers and distributors of food, beverage, FMCG and healthcare in the Gulf, today announced the company’s financial results for Q1 and Q2 2020.
● Revenue: KD134.3 million, up 16%
● EBITDA: KD 15.8 million, up 23%
● Net Profit: KD 9 million, up 24%
● Net Profit to Parent Company Shareholders: KD 8.1 million, up 11%
Mezzan managed to achieve healthy revenue growth driven by both food and non-food segment activity, from organic and inorganic activities.
The group's strong revenue growth was also accompanied by enhancing profitability margins such as gross profit margin, EBITDA margin and net income margin. These were achieved due to higher volumes, economies of scale, and operating ......read more
● Dubai has moved up the ranks in JLL’s Global Real Estate Transparency Index 2020 from 40th to 36th. According to the report, the most significant initiative launched in 2019 was the creation of an official transaction-based index, Mo’asher, by Dubai Land Department, in partnership with Property Finder.
● In June, real estate sales transactions grew by 64%, with an average of around 570 properties sold in Dubai every seven days.
● In Q2 2020, the Dubai overall index rose by 0.79%, the Dubai apartment index rose by 0.58%, and the Dubai villa/ townhouse index remained unchanged.
Dubai, UAE, 11 August 2020 - Dubai Land Department, in cooperation with Property Finder, launched the fourth edition of Mo’asher, Dubai’s official sales price index. The base year for ......read more
• Covid has not been all bad news for plastics demand. Packaging which accounts for >1/3rd of plastics use has benefitted...
• ...yet the plastics market faces a wave of new capacity, which should keep pressure on margins up and down the PE value chain
• Declining NGL supply, cheap oil dented the US NGL feedstock advantage. An oil rally could help US NGLs regain their edge
United Arab Emirates, August 11, 2020:
Covid has been both boon and bane for plastics demand…
The pandemic's impact on plastic demand has been sector-dependent thus far. The rapid shift to online shopping boosted demand for plastic packaging, ......read more
• 2nd phase of the stimulus package reflects Company’s continuous commitment to enhance customer service
• Discount extended across Company’s commercial, residential and industrial sectors
Dubai, UAE, 11th Aug 2020: Emirates District Cooling (Emicool) LLC, a leading district cooling service provider in the region and a wholly owned subsidiary of Dubai Investments, has announced a 7% discount on declared load for the three months period from August to October 2020, across the Company’s commercial, residential and industrial sectors.
With the current total operating capacity of 355,000 RT, the 2nd phase of the stimulus package will be applicable for customers’ falling under identified concession areas amongst Emicool’s portfolio.
Dr Adib Moubadder, CEO, ......read more
The company maintained top position vis-à-vis earned premium, the highest in the UAE market
Dubai, August 11, 2020: Oman Insurance Company, one of the leading insurance providers in the Middle East, announced it has posted a Net Profit of AED 110.2 million in the first half of 2020, a four percent increase on the same period last year while having increased its solvency above 250%.
Total Gross Premium Written (GPW) at the end of 1H 2020 is AED 2.1 Billion (+3% versus prior year) whilst the Net Investment Income increased 5% to AED 57.6 Million.
Jean-Louis Laurent Josi, CEO of Oman Insurance, said, “We have passed the first half of a very challenging year with robust financial strength and strong operating performance. Our current results clearly reflect our leading position as a primary insurer ......read more
First Commercial Bank Issuer to Offer Mobile Wallet Globally Following EMEA and APAC Launch
United Arab Emirates, August 11, 2020: Bank of America has expanded its mobile wallet capabilities for corporate clients in EMEA and APAC. The bank first launched mobile wallet in the United States and Canada in 2018, and this expansion makes it the first commercial bank issuer to offer the technology to corporate clients worldwide.
The bank’s clients who use its Corporate Travel and Purchasing cards in EMEA and APAC are now able to use Apple Pay® and Google Pay® to make and manage card purchases. This makes its clients’ lives easier through faster, more secure and efficient business transactions, while providing the same convenience they experience in their personal banking. With social ......read more
Free for all organizations, the app enables companies to return to the office safely and securely
Dubai — August 10, 2020: Zoho Corporation, a global technology company offering an extensive suite of business software applications, today announced BackToWork, a fully comprehensive modular solution enabling businesses and organisations to safely transition back into the workplace.
Free for the remainder of 2020, BackToWork, powered by Zoho Creator, is the latest programme to be introduced as part of the company's ongoing relief efforts, which support businesses impacted by the Covid-19 crisis. The app supports Arabic language, and right to left orientation.
"We've seen tremendous successes in our existing initiatives aimed at helping organisations through ......read more
• 620 global, regional and local applications received for the fourth cohort of the annual accelerator programme
• Concepts and solutions presented include FinTech, InsurTech, RegTech and Islamic FinTech
Dubai, UAE, 10th August 2020: DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, has attracted an unprecedented 620 global, regional and local applications for the signature programme.
The 620 applications for the intake, exceeds the previous record of 425 applications, received in 2019. The applications represent an exceptionally broad range of concepts, submitted by an impressive pool of talent which reflects DIFC’s reputation for nurturing financial innovation.
Specialisms include ......read more
Company continues to reduce environmental footprint and develop innovative and sustainable coatings technologies while operating safely
Dubai – August 10, 2020 — Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, issued its 2018-2019 Sustainability Report, highlighting the company’s advancements in sustainable business practices, including technology, operations and responsible sourcing.
“Sustainability is fundamental to our core values, our business and is embedded in everything we do,” said Robert Bryant, Axalta’s Chief Executive Officer. “From Axalta’s innovative technologies that help customers save energy and increase productivity, to the ways we are making our operations safer and lowering our environmental impact, to our unwavering ......read more
The Platform Aims to Simplify Transactions of Over 18,000 Food-Trading Companies by Unifying the Inspection Process of Dubai Municipality and Dubai Customs at Jebel Ali Port, Ensuring the Highest Safety and Quality of Food Shipments
Dubai, United Arab Emirates – 9th of August 2020: Dubai Trade — DP World, UAE Region’s single window platform for cross-border trade — has announced the launch of ZADI, a unified food import platform aimed at facilitating the import and re-export of food shipments throughout Dubai ports. The first-of-its-kind platform in the Middle East is part of Dubai Trade’s plan to be the leading integrated platform in all import and re-export services. It also aligns with the UAE plan for the post-COVID-19 era that will ensure the country’s robust recovery and ......read more
• Emirates Post Group and Ras Al Khaimah Department of Economic Development sign agreement to reduce licensing time and increase the ease of doing business
Dubai, United Arab Emirates; 09 August 2020: Emirates Post Group has signed a partnership agreement with the Ras Al Khaimah Department of Economic Development (RAK DED), to put into place processes to expedite the issuance of licenses for courier and delivery companies. With the agreement, the service period for the license delivery process will be reduced to 1-2 working days, from the previous processing time of 10 working days.
The partnership reflects the ongoing move by UAE’s leadership to streamline government processes and increase efficiencies across all government departments. The move is expected to help increase the ease of doing ......read more
Sharjah, August 9, 2020: The Sharjah Chamber of Commerce & Industry, SCCI, has recently launched the “Sadder” (export) Fund, the first of kind fund across the Emirate Sharjah for financing export operations.
“Sadder” Fund falls under the Sharjah Exports Development Center (SEDC) of the SCCI and it aims to increase the rate of exports, open new markets, expand the export map of the SEDC’s affiliates, provide liquidity to exporters, and reduce the risk ratio in export operations through credit insurance.
This comes as part of the SCCI’s relentless efforts to provide the support and boost the UAE’s exports by providing export finance services to local companies, expanding the scope of export business, and penetrating new markets.
Speaking on the launch of the new fund, H.E. ......read more
Dubai, 8 August 2020: It is proudly announced that a memorandum of understanding has been signed between Minhaj Advisory and TAIF Digital Institute for strategic collaboration in various aspects of digital learning solutions for Islamic finance.
The MOU was signed by General Manager of Minhaj Advisory Dr. Amin Fateh and Chief Executive Officer of TAIF Digital Institute Mr. Muhammad Ziaullah Siddiqui, in UAE.
The MOU will facilitate collaboration between the two institutions to promote and develop outstanding digital learning solutions to facilitate dissemination of knowledge of Islamic finance digitally, undertaking research and capacity building and conducting various digital courses together. In addition, Minhaj Advisory and TAIF Digital will also jointly provide Islamic finance digital learning solutions to various ......read more
Top five peer-selected startups will split $150,000 in grant funding from MetLife Foundation
Dubai, UAE; August 06, 2020: Village Capital today announced the twelve early-stage fintech startups selected to take part in Finance Forward MENA 2020. An accelerator, Finance Forward MENA will provide the startups with five weeks of online and in-person training focused on improving their business models and making their financial health solutions available to those who need them most in the current economic climate.
Each startup selected for the accelerator will work closely with mentors, potential clients and partners, as well as investors they need to scale their impact, using tools developed to help their self-evaluation, such as Village Capital’s Abaca. The top five peer-selected companies will be eligible ......read more
New dates announced for Middle East and Africa’s largest automotive service industry exhibition
Dubai, United Arab Emirates, August 05, 2020: New dates have been announced for Automechanika Dubai, with the Middle East and Africa’s largest trade fair for the automotive service industry, now scheduled for June 2021.
Organiser Messe Frankfurt Middle East confirmed Automechanika Dubai’s 18th edition, which was originally postponed to run in October 2020, will instead take place from 7-9 June 2021 at the Dubai World Trade Centre.
The three-day event in 2019 featured 1,880 exhibitors from 63 countries, while drawing in 32,750 trade visitors from 146 countries, underlining its international scope; more than 90 percent of exhibitors and 50 percent of visitors come from outside ......read more
** It’s time to destroy any bacteria and viruses on your kid’s school essentials in time for school**
Dubai, United Arab Emirates, August 05, 2020: With schools set to reopen in September following a long season of homeschooling, many of us are starting to consider the long list of ‘back to school’ preparations before the school holidays end. A top priority for most parents nowadays is hygiene, and that means clean bags, shoes and uniforms. One sure and easy way to deal with it is to entrust a cleaning agency who can put your concerns to rest. Champion Cleaners, the regions favourite 5-star premium dry cleaning and laundry providers, is a favourite. They will ensure that your kid’s school supplies are germ-free while also saving you some money!
With school backpacks only ......read more
Ras Al Khaimah, 4 August 2020: Ras Al Khaimah Economic Zone (RAKEZ) announced its latest addition to company set-up offerings, Foreign Direct Investment (FDI). The new formation structure allows a 100% foreign ownership of companies in Ras Al Khaimah’s mainland, enabling investments in various booming sectors, such as industrial, agricultural, and service sectors, while owning and controlling all shares in non-free zone companies.
Companies setting-up under this FDI structure will be considered national companies, and will have full confidentiality of technical, economic and investment information. FDI companies will also be eligible to make financial transfers outside the country for project returns, and will have their assets protected from being claimed by the state for public use or benefit through a guaranteed no ......read more
• AED 3.1 billion surpluses in merchandise across various industries
• 54 percent increase in exports during the first quarter
• Around 19 percent growth in the number of registered companies
• 39 percent increase in office package offerings
• Growth of 2.10 percent in the total leased area
• His Highness Sheikh Ahmed bin Saeed: The free zone showcased the most effective, efficient and flexible methods to support and protect the investment environment and business landscape
• His Excellency Mohammed Al Zarooni: Despite challenging economic conditions and we remain on our path of continued success
Dubai, United Arab Emirates – August 04, 2020: Dubai Airport Freezone Authority (DAFZA) achieved positive financial and operational ......read more
ADX’s strong trading and regulatory infrastructure becoming increasingly attractive to major corporations
Abu Dhabi, August 4th 2020: Abu Dhabi Securities Exchange (ADX) announced today that it has listed US$4 billion Fixed Rate Notes issued by MDGH GMTN B.V. and guaranteed by Mamoura Diversified Global Holding PJSC (MDGH). MDGH is the debt issuing entity of Mubadala Investment Company, and the MDGH bonds have their primary listing on the London Stock Exchange.
H.E. Khalifa Al Mansouri, Chief Executive of ADX said: “Today we extend a warm welcome to Mubadala as it joins ADX. The listing of its MDGH bonds is further evidence of ADX’s appeal to a broader base of investors and issuers, and is in line with our strategy of increasing the number of products available to them. When we see global ......read more
DAVID Miami Secures Agency of the Year Recognition
June 22, 2020 – The One Show, the world's most prestigious award show in advertising, design and digital marketing, has named Ogilvy 2020 Network of the Year in recognition of outstanding work across disciplines on behalf of its clients. Ogilvy’s focus on collaboration and big creative ideas in any form—from ......read more
Mai Dubai, a leading bottled water company in the UAE that is fully owned by Dubai Electricity and Water Authority (DEWA), earned this year the three-star Superior Taste Award, the highest rating given by Brussels-based International Taste Institute, the world leader in the evaluation and certification of consumer food & beverages by professional chefs and sommeliers. The award was granted in ......read more
Leading private developer Azizi Developments notes a 60% surge in sales enquiries for retail units in H1 of 2020
Dubai, UAE, 18 June 2020: Azizi Developments, a leading private developer in the UAE, has noted a substantial surge in demand for its 700+ retail units across its communities in Dubai. Since January 2020, the developer has sold 75 units in MBR City’s Riviera, 40 units in Al ......read more
Hossam Kandeel: Country Manager of Ericsson Angola
Dubai, United Arab Emirates, June 17, 2020: As the world grapples with COVID-19 health crisis, more desire for all forms of contactless payments is on the rise to avoid infections and disease transmission. With mobile money, customers can make payments anywhere at any time with their mobile devices connected to the internet which ......read more
• ADIO invests USD5 million (AED18.4 million) through its Ventures Fund, an initiative of Ghadan 21, Abu Dhabi’s accelerator programme, to support the growth of early-stage companies in the emirate
• Bedaya Fund supports the expansion of Abu Dhabi’s innovation ecosystem by deepening the pool of capital and support available for tech startups
Abu ......read more
For its 20th edition, the World Economic Forum appoints Dawex for its leadership, innovation and impact as a pioneer of the data economy.
United Arab Emirates: June, 17, 2020 - Dawex, the leading data exchange technology company and the operator of the largest data marketplace, today announced being awarded as “Technology Pioneer” by the World Economic Forum and ......read more
The company announces commitment to reach net zero greenhouse gas (GHG) emissions in its own operations by 2030, with the ambition to achieve net zero GHG emissions for the entire value chain by 2050
Dubai, UAE, 17th June 2020: Tetra Pak Arabia reconfirms its strategic priority in driving the sustainability transformation by setting an ambition for net ......read more
• Complacency & low conviction led to the 25th largest 1 day S&P fragility shock since 1928 last week; bubbles lead fragility
• If buy-the-dip prevails, it's simply reloading the spring, as this is the new normal. Fortunately the W-trade hedged on cue
• Where to find the most complacent vol markets even after the ......read more
• Significant volumes of 5G deployments are expected in 2021
• Digital infrastructure critical to meeting communication needs in times of crisis
• In mobile data traffic, MENA region is the highest globally with 9 times growth forecast
• Fixed wireless access (FWA) connections forecast to reach close to 160 million, and account for 25 percent of global mobile ......read more
** Champion Cleaners give 400 complimentary service vouchers to support frontliners at this time**
Dubai, United Arab Emirates, June 16, 2020: In light of the recent and ongoing battle against COVID-19, Champion Cleaners has partnered with Medcare Hospitals to extend their recognition and appreciation to frontline workers who continue to put their lives at risk in ......read more
Session date: Saturday 20 June 2020
Session timing: UAE 19.30 hours (UK 16.30 hours, New York USA, 11.30 hours)
United Arab Emirates – 15 June 2020: An outstanding live digital event bringing together top poets Lemn Sissay, Afra Atiq and Carlos Gomez has been organised by the Emirates Literature Foundation as part of the Literary Conversation Across ......read more
Dubai, United Arab Emirates, June 15, 2020: The SME Rise Collective is now well into its second month of being and shows no signs of slowing down. The UAE based initiative is aimed at supporting the SME community to enable recovery and economic growth across the region by offering marketing support to those brands that need it most.
Since its inception the SME Rise ......read more
• The Halal Trade and Marketing Center (HTMC) announces a new partnership with the Arab-Brazilian Chamber of Commerce (CCAB) during a webinar held by the chamber
• Memorandum of Understanding (MoU) will focus on expanding bilateral Halal trade and investment opportunities between UAE and Brazil
• Brazil remains largest exporter of F&B products to the MENA ......read more
Silver & silver industry primer: First edition
BofA Global Research Media Relations
Dubai, United Arab Emirates, June 14, 2020: Refer to important disclosures at the end of this report (see link below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come ......read more
June 14, 2020: Amlak International for Real Estate Finance (“Amlak”, “Amlak International” or “the Company”), Saudi Arabia’s leading non-bank real estate finance company, announces its intention to proceed with an Initial Public Offering (the “IPO” or the “Offering”) on the Main Market of the Saudi Stock Exchange ......read more
Strict public health procedures will continue to be implemented following guidelines from UAE and Dubai Government Authorities
Dubai, UAE, 13 June 2020 – Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has welcomed back clients, visitors, retailers and restauranteurs at the ......read more
1. The centre to accept passport renewal applications with effect from 14 June 2020
Dubai, United Arab Emirates, June 13, 2020: Philippine Ambassador to the United Arab Emirates, Hjayceelyn M. Quintana led the inauguration of the Passport Renewal Center (PaRC) at VFS Global in the World Trade Center in Abu Dhabi city. The inauguration coincided with the ......read more
BofA Global Research Media Relations
Dubai, United Arab Emirates, June 11, 2020: Refer to important disclosures at the end of this report (see link below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, ......read more
A combination of proprietary technology innovations can significantly reduce development-to-production timescales, enabling life sciences companies to deliver critical products faster
Dubai, United Arab Emirates, June 10, 2020: Honeywell (NYSE: HON) today announced Fast Track Automation, a combination of proprietary technology innovations for the life sciences industry that enables ......read more
• Dubai World Trade Centre Authority (DWTCA) addressed key regional MICE sector leaders to prepare for an accelerated restart of the city’s Business Events industry as a core GDP catalyst for Dubai’s economy
• Discussions focused on enhancing content and experience delivery, with specific emphasis on delivering global benchmark health and safety standards, assuring ......read more
Dubai, United Arab Emirates, 9 of June 2020: Leading trade enabler, DP World, UAE Region and the autonomous vehicle, robotics and AI specialist DGWorld has entered a contractual agreement to equip Jebel Ali Port with a fleet of Autonomous Internal Terminal Vehicles (AITV´s), including all related integrations in the existing operation processes and infrastructures.
DP World, UAE ......read more
• Saudi Arabia continues to lead IPO activity in the MENA region
• Following Saudi Aramco’s IPO, several companies expressed interest in pursuing listings on GCC stock exchanges in 2020
• Global IPO activity saw 235 IPOs raise US$28.5b in Q1 2020, compared to US$15.1b in Q1 2019
Dubai, UAE – 9 June 2020: According to the EY MENA IPO Eye Report, ......read more
• FlexxPay, Go Rise, NOW Money and Sarwa receive pre-series A to series A funding
• Reinforces the Centre’s commitment toward FinTech companies through its accelerator programme and fund that drive advancements in the financial services sector
• Dubai considered a top ten FinTech hub, driven by DIFC’s sustained focus on providing an enabling platform for start-ups ......read more
By Ole Hansen, Head of Commodity Strategy, Saxo Bank
Dubai, United Arab Emirates, June 08, 2020: The Commitments of Traders report covering positions held and changes made by money managers in the week to June 2 found that speculators only made relatively small changes. Buying of WTI crude oil, gas oil, copper and cotton were off-set by selling of gold, soymeal, corn and ......read more
● Carbon-neutral production is an important milestone in GROHE’s 360-degree sustainability strategy
● Next goal: sales offices to become climate-neutral by 2021
● GROHE helps consumers reduce their personal carbon footprint in everyday life
Dubai, United Arab Emirates, 8 June 2020: As one of the first leading manufacturers for ......read more
Dubai, United Arab Emirates, June 07, 2020: Edward Gallagher, Managing Director of Integrated Services, Serco Middle East & Hana Abu Kharmeh, HR Director Serco Middle East discuss the skills nationals will need in a post-COVID world
Never before has building a next generation workforce, equipped with the right skills and the right tools for success been so critical. As ......read more
Sharjah, June 7, 2020: The Sharjah Research, Technology and Innovation Park (SRTI Park) and Bee'ah, the UAE's leading integrated environmental, recycling and waste management company, have forged a strategic partnership aimed at attracting, supporting and financing the next generation of local and international startups in the fields of technology and sustainability.
The ......read more
Paul Diggle, Senior Economist at Aberdeen Standard Investments, comments:
“The ECB has increased its PEPP asset purchase programme by another EUR600bn, as well as extending the period of time over which purchases and reinvestments will be made. Taken together with recent fiscal announcements or proposals for additional fiscal spending, this reinforces an emerging narrative in ......read more
Abdulrahman Ghanem Al Mutaiwee is the new Chairman and Khalid Bin Kalban is the new Vice-Chairman
Dubai, UAE, June 4th 2020: Dubai Investments, the leading Middle East investment and a public joint stock company listed on the Dubai Financial Market (DFM), has announced distribution of 10% cash dividend to the shareholders for the financial year ending December 31, 2019. A ......read more
Dubai, United Arab Emirates, June 03, 2020: Brent crude oil’s return to a $40/b handle has so far proved to be short-lived. During the past week the oil market has continued to move higher in the belief that the OPEC+ group of producers would extent a deal to curb production. Thereby continuing their support for the market while demand slowly recover.
Saudi Arabia and ......read more
Business France announces Record High Investments and Jobs Generated in 2019’s annual Foreign Invest in France Report
o International investment in France last year reached a record high thanks to an annual investment increase of 11 per cent and nearly 40,000 jobs being created or maintained.
o France was the leading European destination for industrial ......read more
Tabby offers shoppers the option to ‘buy now and pay later’
Dubai, United Arab Emirates, June 03, 2020: DHL Express, the world’s leading international express services provider, has partnered with Tabby, the first Buy Now Pay Later business in the GCC region, to provide DHL’s customers with payment solutions that address the region’s dependence ......read more
Dubai, United Arab Emirates, June 02, 2020: The latest Ericsson ConsumerLab report reveals fresh insights on consumer attitudes toward sustainability challenges - and how technology could help them to make a greater positive impact.
From governments and businesses, to millions of school children going on strike as part of Fridays for Future - the question of how to lead more ......read more
• Companies with better ESG ratings outperformed the broader market during turbulent first quarter
• Strong performance could continue as the world aims to ‘build back better’ following Covid-19 pandemic
• ESG investments strongly aligned to GCC government visions on sustainability
Dubai, 1 June 2020: The performance of environmental, social ......read more
Provides limited visa services from Sunday to Thursday between 1000 to 1800 hrs
Dubai, United Arab Emirates, June 01, 2020: Under the directives received from the Immigration, Refugees and Citizenship Canada (IRCC), VFS Global, the world's largest visa outsourcing and technology services specialist for governments and diplomatic missions worldwide, ......read more
• Allocations to EMD have surged, driven by EMEA and APAC investors
• ESG adoption rockets in EMEA and APAC; EMEA investors most bullish on ESG performance and future prospects
• Majority concerned about bond market liquidity, even before Covid-19
DUBAI, 31 MAY 2020 – Invesco recently released findings from its third annual Global Fixed ......read more
By Miljan Stamenkovic, Regional Director, Mambu
Dubai, United Arab Emirates, May 31, 2020: Islamic finance is going digital. Muslims around the world are looking for alternative Shariah-compliant solutions to manage their daily finances. New fintechs offering Islamic banking products and services are on the rise and there is a blue ocean for established Islamic banks ......read more
Dubai, United Arab Emirates, May 31, 2020: Commodities trading was mixed during the final week of May. A month that turned out to be the come-back month for many markets following the Covid-19 related collapse seen during Q1. The continued easing of lockdowns around the world have, despite dismal economic data, raised hopes that a V-shaped recovery may occur over the coming ......read more
Sharjah, May 30, 2020: The Sharjah Chamber of Commerce & Industry, SCCI, and Sharjah Islamic Bank (SIB) recently held a virtual joint meeting to discuss the latest developments of the impact of the new coronavirus (COVID-19) on the economy and explore avenues of the mutual cooperation to stimulate businessmen, especially within the most affected sectors, as well as to learn closely ......read more
Cybercriminals created a fake Facebook account allegedly to swindle money by raising donations from friends of Mr Rizwan Sajan, Founder and Chairman of Danube Group
Date: Dubai, UAE, May 27, 2020
Rizwan Sajan, Founder and Chairman of Danube Group, has filed a complaint with Dubai Police’s cybercrime unit against impersonating him through a fake Facebook account to ......read more
Dubai, UAE - May 23, 2020: Trina Solar Co., Ltd (“Trina Solar” or the “Company”), the world’s leading PV and smart energy total solution provider, has published a technology white paper on its 500W-plus Vertex ultra-high power modules (the “Vertex”).
According to the white paper, the Vertex has built up a brand new product technology ......read more
Dubai - United Arab Emirates, May 23, 2020:
Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest and oldest Takaful provider, has announced its reviewed financial results for the quarter ending March 31, 2020, reporting a net profit attributable to shareholders of AED 13.65 million compared to AED 14.96 million in Q1 2019. The Gross Written Contribution grew by ......read more
Counterfeits of door hinges are found in the KSA
Concesio, Italy - (EMAILWIRE.COM) - The following is a notification from ICSA Serrature Srl that the door hinge identified below bears a counterfeit UL Certification Mark. The door hinge has not been evaluated by UL to the appropriate Standards for Safety and it is unknown if they comply with any safety requirements.
Although ......read more
Dubai, UAE 21 May 2020: Supporting government’s efforts to strengthen the country during crises, VFS Global, the world's largest visa outsourcing and technology services specialist for governments and diplomatic missions worldwide, made a conscious decision of donating meals to the less fortunate people in the UAE through the 10 Million Meals initiative. Instead of customary ......read more
21 May 2020: KPMG recently released its fifth edition of the ‘GCC listed banks’ results’ report, which analyzes the published results of listed commercial banks across the region for the year ended 31 December 2019. The report, titled ‘New Age Banking’, demonstrates that the UAE’s top ten banks reported positive results in 2019, with an average 13.9 ......read more
- Cold Hydrostatic Testing successfully completed at Unit 4 of the Barakah Nuclear Energy Plant
19 May 2020, Abu Dhabi, UAE: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Cold Hydrostatic Testing (CHT) at Unit 4 of the Barakah Nuclear Energy Plant, the Arab world’s first nuclear energy plant being built in the Al Dhafra region of Abu ......read more
Dubai, UAE, May 18, 2020: In a move to cushion local businesses in the wake of the dreaded COVID-19 pandemic, boutique communication agency, Matrix Public Relations, has signed on three companies on a pro bono basis.
The companies were nominated by members of the public following the agency’s nationwide social media campaign held in April in search of local success stories from ......read more
Orient announced its first quarter results of 2020.
Dubai, United Arab Emirates, May 17, 2020: Despite the challenging times facing businesses across the world, Orient continues its growth trajectory in all areas of insurance operation such as Premium, Technical Profit, Net Profit, Shareholders’ Equity, Assets, Cash and Bank ......read more
By Ole S. Hansen | May 17, 2020
With parts of the world beginning to emerge from Covid-19 lockdowns the financial markets have tried to strike an optimistic note, not least supported by a wall of money and rock-bottom interest rates. Just like when a hurricane or natural disasters strike havoc, the longer-term impacts are first seen in the aftermath. During the past few weeks we have started ......read more
Dubai, United Arab Emirates, May 16, 2020: The latest edition of World Finance magazine is out now and has confirmed ICS Financial Systems (ICSFS) as Best Islamic Banking & Finance Technology Provider as part of its Islamic Finance Awards. The Islamic banking sector has been growing rapidly in recent times and it is certainly an area of the market that ICSFS has been supporting ......read more