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Featured in Banking and Investments
High-Level Expo Event Highlights Need to Manage Risks of Climate Change, Predicting and Acting Ahead of Crises

Innovative space technologies have enormous potential for anticipatory humanitarian action Dubai – UAE - October  24, 2021: The need to better anticipate climate shocks and invest in early humanitarian action was spotlighted at a high-level meeting hosted by the Embassy of Sweden in the United Arab Emirates at Dubai Expo 2020. Participants called for public and private sectors to work together to put anticipatory action at the center of humanitarian policies and strategies. The event, titled “Moving from climate crisis response to risk management – space technologies for anticipatory humanitarian action,” was convened by the Embassy of Sweden in the UAE, the European Union, the World Food Programme (WFP), the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) and the International ......read more

WCU: Energy Crisis Fuels Commodity Rally despite Growth Concerns

By Ole Hansen, Head of Commodity Strategy at Saxo Bank  The month-long run-up in commodity prices shows no sign of easing with the main engine continuing to be the global energy crisis and its direct impact on other sectors, not least the energy-intensive industrial metal sector. Shortages of fuel leading to record-high prices has forced reductions in metal production from China to Europe, thereby exacerbating price gains for several key metals, many of which are important components in the global push to decarbonize economies. The continued rally has however by now also started to raise concerns about its impact on consumers and whether high prices eventually will dampen the prospect for demand, thereby supporting more balanced markets. Global growth is already seeing regular downgrades with rising energy prices acting as a ......read more

Zizou Bergs Triumphs At Inaugural Tie Break Tens Dubai Presented by Zone

• Zizou Bergs overcomes Taylor Fritz in nail-biting final • Eight top tennis players competed at Coca-Cola Arena for AED 500,000 winner-takes-all prize • TB10s Dubai Grassroots Junior Tournament: Rosaleen Ali Yousef takes girls’ title and Raed Rizvi becomes boy’s champion    October 23, 2021:  Zizou Bergs triumphed at the inaugural Tie Break Tens Dubai Presented by Zone tennis tournament on Friday evening (22nd October), with an amazing victory over Taylor Fritz. In front of an enthusiastic crowd at the Coca-Cola Arena in Dubai, the 22-year-old Belgian was neck and neck with Taylor on almost every point, before he returned a lob with a smash to win him the tournament, finishing with 11 points to 9, and securing him the championship trophy and AED 500,000 prize.   The ......read more

PLAY-DOH Celebrates Shaping Imaginations for 65 Years

Marking 65 years of developing creativity and imagination, PLAY-DOH launches an exclusive Ultimate Collection Pack    Dubai, United Arab Emirates – October 19, 2021 - PLAY-DOH, Hasbro’s iconic arts and craft brand is celebrating 65 years of squishing, molding, and shaping beautiful creations and messes. Celebrating this milestone, PLAY-DOH announced an exclusive Ultimate Collection Pack of 65 PLAY-DOH Cans that can be purchased at ToysRUs stores and their dedicated online website for young kids and families across the U.A.E, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain.  Celebrate colors and creativity with this 65-pack of assorted PLAY-DOH compounds including confetti, sparkle, metallic, terrain, and an all-new sapphire blue compound. With almost every color and texture of PLAY-DOH compounds in one big ......read more

VFS Global COVID-19 Test Booking Credentials Accepted in the IATA Travel Pass

• Verified COVID-19 tests booked through approved lab network in select locations will provide an added layer of security and save time for travellers, airlines and immigration authorities  • Now accepted on Sri Lanka to UAE (via Sri Lankan Airlines) and the US & Canada to Taipei, Taiwan (via China Airlines) travel corridors, where travellers can show their fit to travel pass after the required Covid Test   October 19, 2021:  VFS Global and the International Air Transport Association (IATA) have signed an agreement to incorporate accredited and approved COVID-19 testing laboratories into the IATA Travel Pass. Through the agreement, COVID-19 test credentials issued by participating labs will be securely transmitted to the IATA Travel Pass. The addition of VFS Global’s network of ......read more

MBRSC Announces the Launch of Space Ventures for Startups in Space Sector

Initiative aims to create a thriving space technology ecosystem and an innovative and synergetic Public-Private-Partnership model for the UAE’s space sector 19, October 2021:  The Mohammed Bin Rashid Space Centre (MBRSC) has announced the launch of Space Ventures, a launchpad for startups in the space sector from the region and around the world. The purpose-built ecosystem enables businesses to collaborate with MBRSC on long-term projects, gain access to technology and support, and receive aid in communicating with regulatory agencies around the world in order to achieve viability and long-term growth. Space Ventures has partnered with the leading incubators and accelerators in the region to provide the right kind of push for established as well as promising space startups. H.H. Sheikh Mohammed bin Rashid Al Maktoum, ......read more

Hotpack Global Announces Three Days Leave to Employees to Visit Expo 2020 Dubai

About 2,000 employees of the company will be able to visit explore immersive experiences of different global cultures at the Expo.  Dubai, October 18, 2021:  Hotpack Global, the world’s leading manufacturer of disposable food packaging products, today announced that it will give three days leave to its employees in the UAE to visit the Expo 2020 Dubai. In a statement, Hotpack said that this facility with necessary support offered to employees will help them gain knowledge and understanding on the multiple cultures, innovation and sustainability on display at the Expo.  “We believe it is a rare and once-in a lifetime opportunity for our employees to amass a wealth of knowledge and awareness on the world with over 190 countries showcasing their culture, business and community profiles and their universal ......read more

AD Ports Group Announces Strong Revenue Growth in H1 2021, up 21% Year-on-Year to AED 1,832 Million (USD 499 Million)

• EBITDA of AED 770 million (USD 210 million), representing year-on-year growth of 8%  • Cargo and container volumes up; new land leases in industrial zones was 2.4 million sq. metres      Abu Dhabi, UAE – October 16, 2021: AD Ports Group today announced its financial results for the first half of the year ended 30 June 2021, reporting revenue increase of 21% year-on-year to AED 1,832 million (USD 499 million) compared with AED 1,517 million (USD 413 million) in the first half of 2020, driven by organic growth, diversification into new businesses, new leases and partnerships.  EBITDA rose 8% year-on-year to AED 770 million (USD 210 million), up from AED 714 million (USD 195 million) in the first half of 2020, with growth across most of the business clusters.   Captain ......read more

International Protein (UAE), Anda Burada (Turkey) & Shadana Yoga and SunBox from Palestine peer-selected for investment during Village Capital's Sustainability MENA 2021 Accelerato

Each startup will receive $20,000 in funding from IFC   Dubai, UAE; October 14, 2021 — Four startups tackling some of the MENA region’s most pressing sustainability challenges were selected to each receive $20,000 in funding as part of Sustainability MENA 2021, a three-month investment readiness program run by Village Capital with support from the International Finance Corporation (IFC).    The four startups, Anda Burada, International Protein, Shadana Yoga, and SunBox, were selected by a group of peer entrepreneurs at the end of the virtual venture development program, which supported 20 startups with training, as well as access to industry experts, mentors, investors and ecosystem networks to scale their ventures.   “Over the past three months, we’ve seen the 20 startups ......read more

LG Releases Preliminary Earnings For Third-Quarter 2021

October 13, 2021:   LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2021. LG reported tentative consolidated revenues of KRW 18.8 trillion, an increase of 22 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. In line with current accounting standards, LG will include a provision of approximately KRW 480 billion in the third quarter for the recall of the Chevy Bolt EV. Operating profit of KRW 540.7 billion is expected to be 49.6 percent lower than the third quarter a year ago after reflecting the recall provision. LG Electronics terminated its mobile phone business at the end of July and is treating the Mobile Communications Company’ performance as a discontinued operating loss. Earnings for the ......read more

Mashreq NEO to become first Digital Bank in UAE to use Facial Recognition for Bank Account Openings

Mashreq NEO collaborates with Ministry of Interior (MOI) to introduce an innovative face biometric based digital account opening process   Dubai, UAE – 13, October 2021: As part of the efforts to implement the directives of the UAE government in enhancing the quality of life for the Emirati community and its quest to sustain scientific and digital excellence, Mashreq NEO, the full-service digital bank from Mashreq Bank, today announced that it will enable residents to conveniently open a bank account using facial recognition technology.    The initiative, launched in collaboration with the UAE’s Ministry of Interior, leverages the ministry's existing facial recognition verification system, which uses state-of-the-art technology to validate and authenticate Rightful holder of official ......read more

Sahab Smart Solutions Demonstrates its Commitment to Quality with Three ISO Certifications

Entity passes rigorous audits by the International Organization for Standardization to attain the ISO 22301:2019, ISO/IEC 27001 and ISO/IEC 20000-1:2018 standards Sharjah, October 11, 2021:  Signaling a major milestone for Sahab Smart Solutions (Sahab), the Sharjah Asset Management Holding (SAMH) affiliate, has been awarded three prestigious certifications by the International Organization for Standardization (ISO) in recognition of its unwavering commitment to the highest standards of quality. Servicing both public and private sectors in the UAE through its managed IT solutions and innovative digital strategies, Sahab’s endorsement by the world body mirrors the entity’s goal of providing diverse and innovative projects across various sectors, focusing on providing digital solutions in public services, retail, ......read more

Sharjah Chamber to Participate in and Sponsor 12th World Chambers Congress held in Dubai next November

Sharjah, October 9, 2021:   The Sharjah Chamber of Commerce and Industry (SCCI) is gearing up to take part in the 12th World Chambers Congress (12WCC), to be organized by the Dubai Chamber in cooperation with the World Chambers Federation (WCF) and the International Chamber of Commerce (ICC). Running from November 23 to 25, the event will be held under the theme « Generation Next: Chambers 4.0 », bringing together more than 1200 participants from international organisations and governments representing 100 countries around the world. To further strengthen its presence in such a prestigious event, which will be attended by chamber and business heads, economic decision-makers, representatives of governmental and international organizations and influential bodies, the SCCI will be among the key sponsors of the ......read more

SAIF Zone Enriches its Digital Infrastructure with 36 New Services and Features

October 9, 2021:  As part of its commitment to enhancing performance efficiency and facilitating business practice, the Sharjah Airport International Free Zone Authority (SAIF Zone) has boosted its digital services list with 36 new features, bringing its total E-services provided to customers to 284 services. In the projects section, the authority has launched the beneficial owners registration and compliance service, while the service to apply for a building permit and set up a new business was added to the rental and licensing department. These services are part of a comprehensive and integrated system to manage the experience of SAIF Zone customers with high speed and efficiency.  To further enhance customer satisfaction and happiness, the zone also provides highly professional customer care with a high ability to ......read more

Middle East's First Biogas Facility now Operational, says Al Rawabi

Project to help generate 1.3MW of green electricity, reduce company’s carbon footprint    Dubai, United Arab Emirates: 04, October 2021:  Al Rawabi, the leading juice and dairy company in the UAE, announced its large-scale biogas facility is now fully operational. A first of its kind project in the Middle East, the plant will be recycling organic waste from Al Rawabi’s operations into clean energy and is expected to generate 1.3MW of green energy.    The announcement was made to coincide with of Al Rawabi’s participation in WETEX & Dubai Solar Show scheduled on October 5-7 at the Dubai Exhibition Centr in Expo 2020 Dubai.     “As responsible sustainable company, Al Rawabi now secures a valuable part of its energy consumption from renewable sources ......read more

Middle East Investors Continue to Bet on China Assets as Over 80% Increased or Maintained Exposures Over Past 12 Months

• 44% of regional survey respondents say their China exposure increased over the past 12 months, and 77% plan further increases in the next 12 months • Three-quarters (74%) of regional respondents expect better economic conditions in China relative to those globally over the next 12 months • COVID-19 and US-China trade tensions have increased risk appetite for asset owners around the world in relation to their China exposures • Technology themes, alternatives, top draws for investors • ESG a growing influence on China exposures   Dubai, 4 October 2021:  The vast majority of global asset owners have either increased or kept their organization’s allocation to Chinese investments in the past 12 months, according to an Economist Impact survey on global investors’ China ......read more

Leading Saudi Companies Join BCG's Jeel Tamooh Virtual Career Fair As Program's Third Annual Edition Concludes

Jeel Tamooh members connected with prospective employers and explored future opportunities ahead of entering full-time professional dimensions  October 4, 2021— As the Kingdom of Saudi Arabia’s (KSA) top university students graduate from Jeel Tamooh and prepare to pursue their chosen career paths, Boston Consulting Group (BCG), the global management consulting firm that leads the prestigious program, concluded this year’s third edition with a two-day Virtual Career Fair on 15-16 September. Inspired by BCG’s vision to provide career opportunities to program members and pave the way for professional ascension, the Virtual Career Fair enabled this year’s class to connect with top prospective employers as leading Saudi companies became familiar with the latest generation of emerging talent, representing ......read more

Ogilvy Names Patou Nuytemans Regional Chief Executive Officer for EMEA

September 30, 2021:  Ogilvy announced today that Patou Nuytemans will assume the role of Chief Executive Officer of Ogilvy EMEA. Patou will be responsible for driving all aspects of Ogilvy’s business across Europe, the Middle East and Africa which spans Public Relations, Growth & Innovation, Advertising, Health, and Experience. She takes over for Paul O’Donnell, who will continue serving in his role as Regional Chairman and partner closely with Patou. Headshots available here. Andy Main, Global CEO of Ogilvy, said: “Anyone who has had the chance to work with Patou will tell you that she not only fosters a culture of creative, strategic and operational excellence, but also leads with empathy and compassion. Throughout her career, she has demonstrated how Ogilvy can drive business-changing, life-changing ......read more

Golden Visa Received by Mohammed Shaheen the Managing Director & CEO of Seven Capitals

Mohammed Shaheen is the Managing Director & CEO of Seven Capitals, a leading financial broker company & The Index Today, the financial news portal covering the real-time financial market coverage. Holding a degree of Financial Analyst, from India, he moved to Dubai in 2008 with a dream of starting up his trading company ranking highest in the financial market.  The foundation of Seven Capitals was laid in the year 2011 and it globally recognized in 2012 across the world marking its presence in UK, Mauritius and Bangkok. Recently, he steered the company’s diversification into a new portal covering all the major marketing events and financial news. Mr. Shaheen’s achievements in business have earned the recognition at an international level. In January 2015, he has been ranked among top 100 Financial ......read more

Savoye Introduces Autonomous Robotics in Middle East Supply Chain through HAIPICK Solution

September 29, 2021 Savoye, a leading global player in the design, manufacture, and integration of automated and robotics system in logistics and supply chains, has become a partner and integrator of HAI Robotics, world leader in Autonomous Case-handling Robotics (ACR) system. The partnership is poised to bring HAIPICK solution in the Middle East, where there is a notable demand for autonomous technology solutions in the supply chain and logistics sectors.   The HAIPICK system features autonomous and intelligent functions such as robots that pick and place boxes or bins on storage shelves up to five to seven meters high and able to carry up to eight loads to continuously feed goods-to-person picking stations. Further, the solution is flexible and works well even in extreme weather environment.  According to industry ......read more

BFL Group Poised for Strong 2021 Expecting Retail Growth by up to 8 Per Cent in Q4

Upcoming Expo 2020 seen to boost retail demand  September 29, 2021:  Following a 19 per cent growth in sales in the first 6 months, BFL (Brands For Less) Group expressed positive outlook for its fourth quarter sales performance, which is expected to record an increase of up to 8 per cent compared to last year. This boost in sales results from a renewed sense of confidence among UAE shoppers coupled with the group’s expansion plans in Oman and Kuwait, as well as its upcoming entry into the Saudi market with home décor store Muy Mucho.  Amid economic challenges caused by the COVID-19 pandemic, BFL Group was able to implement a successful growth strategy in the GCC. The retail industry in the region is thriving, helped by both government and consumer support.  During the third quarter of this year, the ......read more

EHS is a Pioneer in Providing State-of-the-Art Cardiovascular Services: Yousef Al Serkal

September 29, 2021:  HE Dr. Yousef Mohammed Al Serkal, Director-General, Emirates Health Services (EHS), said that the EHS is keen to launch concrete projects and initiatives to provide sustainable solutions to cardiovascular disease, explaining that these initiatives aim to improve rates of early screening and rapid diagnosis and provide outstanding curative and therapeutic services, in accordance with best international practices and evidence-based research.   Al Serkal made the statements on occasion of World Heart Day, observed on 29 September, stressing that the EHS ramps up its efforts to develop health services related to cardiovascular diseases, by enhancing innovation in early detection and awareness-raising programs, as well as providing advanced diagnostic and therapeutic services. The EHS ......read more

QNET Introduces ‘HomePure Complete Water Line' at Arab Water Forum 2021

Dubai - 28, September 2021:   Continuing its commitment for environmental support, QNET, a global e-commerce based direct selling company participated in the recently concluded Arab Water Forum (AWF) and introduced their latest offering ‘HomePure Complete Water Line’, which included the HomePure Nova Water Filtration System, HomePure Prefilter 1-mc and HomePure NovaSoft.  The launch of HomePure Complete Water Line products, at the AWF, corresponded to the Forum’s overall objective since this ingenious water filtration system does not waste water nor require electricity for usage. In additional, HomePure Complete Water Line helps reducing unnecessary single-use plastic bottles that will be left in landfill.  The Arab Water Forum addressed vital issues such as Arab Water Security, ......read more

Vedanta Partners with the Indian Government to Showcase India's Growth Potential at Dubai Expo 2020

Celebrating the spirit of 75th year of Independence  Dubai, September 28, 2021: Vedanta Resources, one of the world's leading diversified natural resources companies in India announced its partnership with the Indian government to showcase India’s growth potential while celebrating India’s 75th year of Independence at the India pavilion in Dubai Expo 2020. The six-month long celebration commences on the 1st of October 2021 at Dubai. India is at the cusp of economic transformation and Prime Minister, Narendra Modi has set a vision that, in the coming years, the nation will grow from a USD 2.6 trillion to a USD 5 trillion economy and then eventually become a USD 10 trillion. The India Pavilion at Expo 2020 Dubai will showcase the resurgent India marching to becoming a USD 5 trillion economy.  The real ......read more

Emirates Steel: Proud Contributor to Expo 2020 Dubai

The national leading integrated steelmaker has supplied the first international Expo in the region with heavy sections, rebars and sheet piles   28 September 2021:  Emirates Steel, the leading integrated steel manufacturer in the Middle East, supplied more than 60% of the Expo 2020 Dubai rebar needed to build the central dome ‘Al Wasl Plaza’, pedestrian bridges, parks, roads, corridors, and the underpass linking Al Maktoum International Airport to the Expo 2020 site and more.    Additionally, Emirates Steel also supplied 35,000 metric tonnes of its high-quality sections and sheet piles for the construction of multiple pavilions at Expo 2020. Engineer Saeed Ghumran Al Remeithi, CEO of Emirates Steel, commented: “We are proud to supply Expo 2020 with our products, working on this vital ......read more

Agthia Group's Shareholders Approve AED 65.31 million Interim Cash Dividend Payment for the first six months of 2021

•       The Group’s shareholders approve the board’s proposal for an interim cash dividend payment of 8.25 fils per share. •       In H1 2021, the Group delivered promising top and bottom-line results in line with the growth strategy     Abu Dhabi, UAE - 28, September 2021:  Agthia Group PJSC, the region’s leading food and beverages company, held today, its General Assembly Meeting in a virtual setting. The meeting concluded with the Group’s shareholders approving the board’s proposal for an interim cash dividend payment of 8.25 fils per share for the first half of 2021. This is equivalent to AED 65.31 million. In the first half of the year, the Group witnessed promising top- and bottom-line growth, exemplifying its vision for ......read more

Majority of UAE Businesses don't Strictly Apply Customer Data Protection Policies, Despite Heavy Reliance on Third-Party Trackers and ad Platforms: Survey

The survey also revealed that only 24% of the businesses are fully acquainted with privacy laws.   Dubai - September 23, 2021: According to a recently-released survey, 99% of businesses in the United Arab Emirates use third-party trackers and ad-platforms. However, only 68% of respondents have well-defined and documented policies for customer data privacy and a mere 8% strictly apply them, revealed the survey, which was conducted by Centurion Consulting on behalf of Zoho Corp., a global technology company.   "This rampant use of third-party trackers in the business space has severe ethical and privacy implications because of the enormous amounts of customer data being gathered through them," said Hyther Nizam, President-MEA, Zoho Corp. "Most businesses use the same set of third-party trackers, which means ......read more

Serta brings Luxurious Comfort to DHF 2021

Flat 40 percent off on all Serta mattresses & bedding accessories for a sound sleep every night   Dubai, UAE - Septemer 22, 2021:  The annual Dubai Home Festival (DHF) 2021 has begun and will last until September 30th. Now is the pefect time for shoppers to hop on the luxury sleep bandwahon and indulge in a well deserved shopping spree, a long due extravaganza since the #StayHome situation prevailed. Participating in this DHF, Serta is offering a flat 40 percent discount storewide. Serta, widely known as the maker of the world’s best mattress, is offering these savings on all products, including mattresses, bed sets, headboards, sleep accessories such as pillows, mattress toppers and more. The DHF offers will allow shoppers to invest in products that promise a healthy and amazing sleep experience. Shoppers ......read more

Banks across Africa Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digital Innovation

Africa’s leading banks including EcoBank, Nedbank, Attijariwafa Bank, United Bank of Africa, Co-operative Bank of Kenya and Banco Mais are tapping into IBM technologies to help advance financial inclusion across the continent September 22, 2021 – IBM (NYSE: IBM) today announced that major financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue their work to develop digital-first solutions, ultimately broadening access to financial services on the continent. COVID-19 continues to accelerate the already rapid changes that were happening across the financial services sector in Africa, fast-tracking the adoption of digital technologies to boost financial inclusion. With over 475 million Africans expected to be mobile internet users by 2025 GSMA ......read more

Securities and Commodities Authority Signs Agreement With Dubai World Trade Centre Authority to Support Trading of Crypto Assets

Dubai, UAE; 22 September 2021: The Securities and Commodities Authority (SCA) and the Dubai World Trade Centre Authority (DWTCA) have entered into an agreement supporting the regulation, offering, issuance, listing and trading of crypto assets and related financial activities within DWTCA’s free zone.  The agreement establishes a framework that allows DWTCA to issue the necessary approvals and licenses for the conduct of financial activities relating to crypto assets. The agreement was signed by H.E. Dr. Maryam Al Suwaidi, Acting Chief Executive Officer of SCA, and H.E. Helal Saeed Almarri, Director General of Dubai World Trade Centre Authority (DWTCA) and Dubai Department of Tourism and Commerce Marketing (DTCM). The Dubai World Trade Centre Authority provides a unique and well-regulated ecosystem for businesses seeking ......read more

92% of UAE Businesses don't strictly apply Customer Data Protection Policies, Despite Heavy Reliance on Third-Party Trackers and ad platforms: Survey

Majority of UAE businesses don’t strictly apply customer data protection policies, despite heavy reliance on third-party trackers and ad platforms: Survey The survey also revealed that only 24% of the businesses are fully acquainted with privacy laws.   Dubai—September 22, 2021:  According to a recently-released survey, 99% of businesses in the United Arab Emirates use third-party trackers and ad-platforms. However, only 68% of respondents have well-defined and documented policies for customer data privacy and a mere 8% strictly apply them, revealed the survey, which was conducted by Centurion Consulting on behalf of Zoho Corp., a global technology company.   "This rampant use of third-party trackers in the business space has severe ethical and privacy implications because of the enormous amounts of ......read more

Majid Al Futtaim to Hire 3000 Emiratis In response to “NAFIS”

• Majid Al Futtaim supports the UAE Government’s NAFIS programme to accelerate the nation’s development journey, while boosting the economy • Majid Al Futtaim set to hire 3,000 Emiratis across its UAE workforce and diverse portfolio, including Retail, Leisure, Entertainment and Cinemas • Renewed focus lies in Emirati talent development, training and upskilling opportunities through the Majid Al Futtaim Leadership Institute and Majid Al Futtaim Retail Business School     Dubai, United Arab Emirates, 18 September 2021:    Majid Al Futtaim the leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa and Asia has announced the expansion of its people development programme that is set to create thousands of career opportunities for ......read more

Nigo named Artistic Director of Maison KENZO

Nigo named Artistic Director of Maison KENZO              

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QNET Wins Six New Industry Awards for Innovation and Social Impact

QNET announces triumphant win at TITAN Business Awards, Golden Bridge Business and Innovation Awards, and NYX Awards Dubai, UAE, September 15, 2021:  QNET, a prominent e-commerce based direct selling company, proudly received a series of six awards for its innovative digital practices and its ongoing commitment to improving underserved communities around the world.  The inaugural 2021 TITAN Business Awards recognised businesses such as QNET, Nestle India, and Think Global Forum that demonstrate exceptional passion, influence, and credibility in their work. QNET received a Platinum award in the Most Innovative Company category and a Gold award in the Multi-Level Marketing category. QNET’s winning submission, titled ‘Empowering Entrepreneurs and Communities Through RYTHM’, exhibits the ......read more

Hitachi ABB Power Grids to Supply Step-up Transformers for World's Largest Single-site Solar Power Plant

UAE’s Al Dhafra solar project will contribute the shift to sustainable energy Abu Dhabi,15 September 2021:  Hitachi ABB Power Grids today announced that it will supply large generator step-up (GSU) transformers, protection and telecommunication systems to China Machinery Engineering Corporation (CMEC), the EPC (Engineering, Procurement and Construction) Contractor for construction of the Al Dhafra PV2 Solar project in Abu Dhabi. Abu Dhabi National Energy Company (TAQA) is developing the plant along with Abu Dhabi's Masdar, EDF Renewables and Jinko Power. The project is located about 35 kilometers from Abu Dhabi city and will supply power to Emirates Water and Electricity Company.  The Al Dhafra Solar Photovoltaic project, consisting of approximately 3 million solar panels, will be the world’s ......read more

Ogilvy Names Ben Messiaen Chief Client Officer for EMEA

September 15, 2021 — Ogilvy is pleased to announce that Ben Messiaen has been named Chief Client Officer for EMEA. Shared Paul O’Donnell, CEO Ogilvy EMEA, “Throughout his career at Ogilvy, Ben has effectively galvanized teams to drive transformative ideas that create impact. He brings to this role extensive experience using the full spectrum of Ogilvy’s capabilities to generate value for our clients, especially as they continue navigating an ever-changing landscape. In his new role Ben will work in close partnership with our go-to-market team and the leaders of our five business units as well as with our expert groups and geographic market leaders.”   From Belgium, Messiaen started at Ogilvy Brussels and then Ogilvy Paris where he has worked for the last 15 years.  Initially on IBM Europe; ......read more

UAE Home to Prominent Innovation Districts: Middle East Designated Leading Innovation Hub in Latest Arthur D Little Publication

• UAE companies benefit from a co-located, concentrated innovation ecosystem and supply chain • The Middle East houses a multitude of proven Innovation Districts and centers  • Arthur D. Little report sheds light on imperative steps before future projects are pursued   Dubai, UAE – 13, September 2021:  In the new post-pandemic world of work, Innovation Districts are well-positioned to thrive. With businesses and organizations co-located in physical space for complex supply chains, they can provide flexibility, enable serendipity, and foster innovation for decades to come. However, Innovation Districts must first focus on particular success factors before their full potential is realized. Arthur D. Little (ADL), the leading management consultancy firm with the longest-standing presence in ......read more

HFZA's Stand at Big Five Woos Investors with Exclusive Privileges and Offers

Sharjah - September 12, 2021:   With the start of the Big Five Show, the Mena region’s largest building and construction show, which takes place from September 12-15 at the Dubai World Trade Center, the Hamriyah Free Zone Authority (HFZA) stand is attracting a large number of investors who expressed their willingness to visit the Zone to get acquainted with the opportunities and advantages available.   HFZA's participation in this mega event reflects its keenness to be an active element in the various economic events and activities held nationwide, in order to promote the services and privileges it provides to businessmen and investors. Additionally, being a part of such a global event paves the road for communication with local and foreign economic actors and provides them with comprehensive ......read more

SCCI trade Mission to Moscow holds fruitful meetings to boost economic, investment cooperation

Moscow, 12 September 2021: The Emirate of Sharjah's trade mission to Russia, headed by the Sharjah Chamber of Commerce & Industry (SCCI) and represented by the Sharjah Exports Development Center (SEDC), saw the organization of several activities as part of the Sharjah Week in Russia. One of these activities is the meeting held at the Moscow Chamber of Commerce and Industry between HE Abdullah Sultan Al Owais, SCCI, Chairman, and Vice President of the Moscow Chamber for International Relations, Sorin Oganisovich Vardanyan, to discuss areas of cooperation and coordination and investment opportunities available in different economic sectors. During the meeting, the two sides highlighted the services provided by each chamber to its members, stressing the importance of exchanging visits between commercial delegations due to ......read more

Eureka Forbes Coronaguard Achieves 94.9% Reduction in Covid-19 Virus

Results scientifically proven in tests carried out in a BSL-3 laboratory by the independent Dutch research organisation, TNO Dubai, United Arab Emirates, 08, September 2021: Tests done by internationally accredited laboratory TNO show that the Eureka Forbes Coronaguard achieves a 94.9% reduction in the covid -19 virus after 15 minutes in a BSL-3 lab setup. This test corroborates earlier tests done by accredited laboratories in India and Mexico which showed that the Coronaguard reduced surrogate viruses of SARS COV-2 and other coronaviruses in enclosed spaces of upto 100 square meters. These results involved both tests with viruses in air and on surfaces. Forbes Coronaguard’s innovative technology creates a negatively charged electron cloud using photons which physically disables the homing mechanism on the virus. This ......read more

Sharjah Chamber Leads Emirate's Trade Mission to Russia to Boost Economic, Investment Cooperation

Sharjah - 05, September 2021:  The Sharjah Chamber of Commerce & Industry (SCCI) is leading the Emirate's trade mission to Russia, which will take place from 7th to 12th September in Moscow and Saint Petersburg. The visit aims to enhance the economic, commercial, and investment cooperation between the two sides, as the UAE-Russia relations are witnessing a remarkable development at all scales. The SCCI delegation will be led by HE Abdullah Sultan Al Owais, Chairman, SCCI, and includes a number of the Chamber's board members, representatives of government bodies, and the private sector as well.   The visit aims to attract more foreign investments to Sharjah and open new and emerging markets before the SCCI members, thus helping them develop their businesses abroad and increase their local exports, ......read more

Finnovex ME Summit 2021 to Focus on Banking Innovation and Transformation

The platform will bring together top professionals and C-level executives from the industry to examine how technology is reimagining Banking innovation for 2021 and beyond. Dubai - September 02, 2021: Continuing the efforts to support the regional Fintech ecosystem, Exibex, the organizers of Finnovex Global Series, the leading summit on financial services innovation and excellence, is back with third annual edition of Finnovex ME Hybrid Summit. The two-day International Summit themed “Digging Deeper into Resilient and Agile Transformation Strategies” will be held on September 7 and 8 2021 at Conrad, Dubai in hybrid format. The summit will include limited physical attendance in compliance with current safety protocols, and virtual to allow maximum benefits and wider participation. Commenting on the summit, Mr. Shabaz ......read more

Herman Miller Increases Use of Ocean-bound Plastic with Aeron Chair

The Aeron Chair Portfolio, including new colorway Onyx Ultra Matte, and other product and packaging solutions will incorporate mismanaged plastic waste found near waterways, as part of the company’s commitment to use 50% recycled content in all materials by 2030.  September 02, 2021:   Today, Herman Miller (NASDAQ;MLHR) announced that its entire portfolio of Aeron Chairs will contain ocean-bound plastic, including a new color, Onyx Ultra Matte, which contains up to 2.5 pounds (1.13 kg) of mismanaged plastic waste found near waterways per chair. These material changes in the Aeron Portfolio specifically are projected to save the ocean from over 150 tons of plastic annually - equal to approximately 15 million single-use plastic water bottles.  The updates are part of Herman Miller’s membership in ......read more

Agthia Group Announces Further Investment in Snacking and Healthy Food Market Through Acquisition of BMB

• Agthia’s Board of Directors approves the acquisition of BMB Group • UAE-based BMB manufactures a wide variety of innovative confectionery, healthy snacks and food products • BMB is also an incubator and accelerator of healthy food brands across multiple snacking categories • The transaction, subject to customary closing conditions including relevant regulatory approvals, would represent Agthia’s second investment in the snacking and healthy food market, following its acquisition of Al Foah earlier this year   02 September 2021: Agthia Group PJSC, the region’s leading food and beverage company, today announced that its Board of Directors has approved a strategic acquisition of a 100% stake in BMB Group, the GCC’s leading innovative healthy snacks and food company. BMB ......read more

Invesco Chief Economist Warns Investors should be Wary of Inflation-Sensitive Assets

• The surge in inflation is not a transitory phenomenon associated with the opening of economies • Rising prices are likely to erode returns on assets vulnerable to inflation • Investors should brace for a two-year period of rising prices • Gulf region unlikely to experience similar inflation pressures   Dubai - 30, August 2021: At 5.4%, US CPI inflation in June reached the highest level since September 1990, with the core PCE rate (personal consumption expenditures) overshooting the US Federal Reserve’s target rate of 2% by 1.5 percentage points. Nonetheless, after steep increases in the period to the end of March, 10-year Treasury bond yields have generally fallen since then, suggesting that market participants are buying the Fed’s repeated reassurances that there will be no ......read more

VFS Global to Expand Philippines ePassport Renewal Centre Network to nine new countries

• To provide ePassport renewal services for Philippines nationals in 13 more cities across Africa, the Americas, Asia, Europe and the Middle East by the third quarter of 2021. • VFS Global currently operates ePassport Renewal Centres in Dubai and Abu Dhabi in the UAE, and Riyadh, Jeddah and Al Khobar in the Kingdom of Saudi Arabia on behalf of the Philippines Department of Foreign Affairs   August 30, 2021:  In a bid to ease the ePassport renewal process for Philippines nationals living overseas, The Republic of Philippines Department of Foreign Affairs and VFS Global has signed a contract on 6 August 2021 to provide ePassport Renewal services in Cyprus, Ethiopia, France, Ireland, Kuwait, Singapore, the UK, the USA and Vietnam.     The launch of the VFS Global ePassport Renewal Centres in ......read more

Manchester City Unveil Statues of Vincent Kompany and David Silva to the World

•         Statues created by award-winning sculptor Andy Scott revealed to fans across the world as they emerged from darkness into daybreak  •         Large scale galvanised steel sculptures of club legends are situated on the East Side of the Etihad Stadium •         Andy Scott to begin work on Sergio Aguero statue this autumn to complete the trio    August 28, 2021:  Manchester City Football Club is today thrilled to unveil permanent statues of Club legends Vincent Kompany and David Silva at the Etihad Stadium. Emerging from darkness into first visible light at day-break this morning, the statues were revealed to fans around the world with a specially commissioned video to mark the occasion.   Situated ......read more

Global Business Forum Africa 2021 to Highlight Continent's Untapped Trade Potential

6th edition of GBF Africa to be held October 13-14 in partnership with Expo 2020 Dubai   Dubai, UAE - August 25, 2021: Dubai’s growing appeal as a strategic hub African companies that are keen to expand their global reach and tap into new trade opportunities will be a main focus of discussions at the 6th Global Business Forum Africa, which descends on Dubai October 13-14th 2021. The high-level forum, held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is organised in partnership with Expo 2020 Dubai.    Dubai Chamber of Commerce and Industry (Dubai Chamber) has announced the agenda for the Global Business Forum (GBF) Africa 2021 - the first of its programme of activities that it is running as the Official ......read more

Thought Series – of Focus and Final Outcomes

NIRANJAN GIDWANI CONSULTANT DIRECTOR | MEMBER UAE SUPERBRANDS COUNCIL |  Whether it is the canvas of our life, our professional career, a challenge that we need to overcome, or an extremely simple task that we need to perform, choosing the right focal point can make all the difference. This applies in equal measure to what we do in the outside world, the family, or just in finding a deeper meaning of our existence. But how does anyone unleash the power of focus?  The clarity of outcome desired is often directly proportional to the sharpness of focus. It also raises many relevant questions. Does one have the skills and competencies to get there? Does one need to acquire them by education or through strategic alliances, or a combination of both? Does one possess the resources, the knowledge to reach ......read more

Manchester City Reveal Andy Scott as Sculptor Commissioned to Create Statues of Club Legends

• Award winning sculptor Scott secured prestigious commission amid exhaustive selection process which began in March 2020 • Kompany and Silva statues, delivered on schedule, to be revealed ahead of weekend’s fixture against Arsenal  • Aguero statue to follow next year, following the legend’s departure from the Club this summer • Chairman Khaldoon Al Mubarak points to further work being undertaken to permanently recognise Legends from the Club’s past eras   August 23, 2021:  Manchester City Football Club has revealed that award-winning sculptor Andy Scott was the artist who won the commission to create permanent statues of Club legends Vincent Kompany, David Silva and Sergio Aguero. The appointment followed an exhaustive selection process that began in March ......read more

Other Top Stories from Banking and Investments
 
ENBD REIT Announces Full Year Results for 31st March 2021…

• Net Asset Value as at 31st March is USD 180 million or USD 0.72 per share • Total property portfolio value stands at USD 360 million • Portfolio occupancy of 76% is healthy, despite market conditions • Net rental income (excluding valuation movements) up 8% year-on-year  • All expenses (excluding provisions for doubtful debts) reduced by 23% ......read more

WCU: Metals Hit by Taper Talks as OPEC Gives Oil a Boost…

By Ole Hansen, Head of Commodity Strategy at Saxo Bank  June 06, 2021:  Commodities traded mixed during the first week of June with buying fatigue emerging in both precious and industrial metals, while grains and especially the energy sector rose. Overall, the Bloomberg Commodity Spot Index reached a fresh ten-year high despite worries that stronger-than-expected macro data from an ......read more

Delivery Driver becomes Millionaire Overnight with Mahzooz!…

 Roland plans to use the money to get married and help his family To date, Mahzooz has made nine millionaires in 2021   3 June 2021, Dubai, UAE: Abu Dhabi resident and Filipino expat Roland was one of two lucky winners of AED 1,000,000 each in the 27th weekly live Mahzooz draw. The winning participants matched five out of six numbers and shared the AED 2 million rolled-over ......read more

Portugal at 'The Hotel Show Dubai' Eyes Demand Surge for Growth…

Showcases top-notch brands under the brand 'Made in Portugal Naturally’ organized by Associative Design – The Best of Portugal Dubai, June 2, 2021: Portugal which is showcasing an eclectic array of brands at 'The Hotel Show Dubai’, is eyeing to capitalize on the growth prospects from the resurgence of tourism market in the UAE.  Briefing the media, officials of the ......read more

Al Ghurair Investment and Al Ghurair University Collaborate to Launch Internship Programme to ...…

June 02, 2021, Dubai, UAE:  Al Ghurair Investment (AGI), one of the largest diversified family business groups in the Middle East, today announced its collaboration with Al Ghurair University (AGU) to offer internship programmes to students, providing them the opportunity to attain extensive on-job training to complement their educational and developmental journeys. The internship programme ......read more

BofA - Global Energy Weekly: Takes a Lot of Zero$ to Zero in on Carbon…

Decarbonizing is slow, pricey and uneven, but it is possible June 02, 2021:  The forces behind climate change are easy to understand. Since the industrial era started about two hundred years ago, humankind has released an enormous amount of greenhouse gases (GHG). These gases have altered (and continue to alter) the Earth's atmosphere, changed the natural CO2 cycle, and set the ......read more

Conares Marks 10-10-10 Milestone: Revenue at AED 10bn, Handled 10mn MT in 10 Years…

Achievements coincide with rebar mill operations at Jebel Ali FZ clocking successful 10 years.  Dubai, UAE – June 1, 2021:  Conares, the second largest steel manufacturer in the UAE today announced celebrating a 10-10-10 milestone of revenue and steel handled over 10 years. Furthermore, its rebar mill completes 10 years of operations, which was established in 2011 at the ......read more

VFS Global and The Republic of the Philippines Extend Collaboration to Provide Passport Renewal ...…

• Service provided to Filipino citizens for next five years through ePassport Renewal Centres in Riyadh, Jeddah and Al Khobar  • Established standardised protective health & safety measures to be followed across all Centres   June 01, 2021:  To provide efficient passport renewal services to a vast population of Filipino nationals living in the Kingdom of ......read more

Lenovo Group: Full Year Financial Results 2020/21…

• Lenovo delivers record fourth quarter results and new fiscal year milestone – surges past US$60 billion revenue mark, with record annual profits • In the Gulf region, International Data Corporation (IDC) reports Lenovo achieving 18% growth in total PC shipments year-on-year • Within its SMB-focused PC portfolio alone, Lenovo has achieved 50% year-on-year growth ......read more

IGI Partners With Diamond Standard to Grade Diamond Coins; World's Only Approved Diamond Investment ...…

The new diamond coin, made with natural diamonds, is pitching itself as an alternative commodity for investors to purchase instead of gold bullion. Dubai 30, May 2021: International Gemological Institute (IGI), the global leader for gems & jewelry grading, joins hand with Diamond Standard to launch - Diamond Standard Coin, the first of its kind investment product which can be traded ......read more

EIAC Completes First Decade of International Recognition…

Dubai, 30 May 2021:  The Emirates International Accreditation Center (EIAC) started its steps towards becoming a global organization ever since it obtained international recognition from international accreditation organizations ILAC, IAF, ARAC, and APAC. These steps and achievements continued despite the challenges that the world faced due to the spread of Covid-19 pandemic.  EIAC ......read more

Vegas Casinos Set To Reopen on June 1st…

On June the 1st, Las Vegas is expected to fully reopen with casinos finally being able to get back on their feet. Casinos have struggled with months of lockdowns during the pandemic. Seeing as it’s a place of close social interaction, it has been one of the last places to reopen.    The pandemic has been an existential threat to casinos, in which online live casino has ......read more

Winner Announcement for 2021 International Prize for Arabic Fiction…

The winner of the International Prize for Arabic Fiction 2021 will be announced at an online event on Tuesday 25th May from 10am (BST) / 1pm (GST). The event will celebrate the impact of the prize and feature contributions from the IPAF Chair of Trustees Yasir Suleiman, Administrator Fleur Montanaro and this year’s Chair of Judges Chawki Bazih.  How to join: The event will be ......read more

Emirates Post Group meets with Kazakhstan Ambassador for the joint issuance of postage stamps…

Dubai, UAE, May 24, 2021 - Mohamed Sultan Al-Qadi, Chairman of Emirates Post Group Company (EPG), received H.E. Madiyar Menilbekov, Ambassador of Kazakhstan to the UAE, and Makhambet Sagatov, First Secretary of the Embassy of Kazakhstan at the headquarters of Emirates Post Group in Dubai in the presence of Abdulla Mohammed Alashram, Group CEO of EPG. Both parties confirmed the importance of ......read more

Hansgrohe Group: Successful 2020 Financial Year…

May 23, 2021:  Despite the impact of the COVID-19 pandemic, the Hansgrohe Group finished the 2020 financial year successfully. Based in Schiltach, Baden-Wuerttemberg, the manufacturer of high-quality faucets, showers, and shower systems generated sales of €1.074 billion, which is a slight drop of 1.4 percent compared to the previous year. Adjusted for currency effects, sales were 0.3 ......read more

DP World Announces Changes in Leadership in the UAE…

Move is in line with growth and expansion plans that will bolster its position as a world leader in global supply chain solutions Dubai, United Arab Emirates, 22 May, 2021: After revealing robust financial results for the year-end of 2020 and an encouraging start to 2021, DP World will turn a new page with a transition in management in the UAE. Abdulla Bin Damithan has been appointed Chief ......read more

Asia Alliance Bank Selects ICS BANKS Islamic Banking from ICSFS…

May 20, 2021:  Tashkent, Uzbekistan: Asia Alliance Bank, multi-awards winning bank – recently awarded “The Best Bank for SMEs in Uzbekistan” by Asiamoney, and one of the leading banks in Uzbekistan, has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, ......read more

IAC 2021 Ready to Welcome the Global Space Community in Dubai…

Dubai, UAE, 19 May 2021:  The first press conference of the 72nd International Astronautical Congress confirmed that the IAC 2021 will take place as an in-person congress in the beautiful and dynamic city of Dubai from the 25th to the 29th October 2021. With the theme “Inspire, Innovate & Discover for the Benefit of Mankind”, the IAC 2021 will make a contribution to humanity ......read more

Empower Serves more than 17% of Hotels in Dubai…

Dubai, UAE, 18 May 2021: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, confirmed its support to Dubai’s fast growing hospitality sector and more than 17% of the hotels in Dubai are served by company’s environmentally friendly district cooling services. Empower added that it has developed the district cooling ......read more

Jacqueline de Rojas CBE appointed to IFS Board…

Tenured technology executive and President of techUK to support IFS through next phase of growth Dubai, United Arab Emirates, May 18, 2021 – IFS, the global enterprise applications company, announces that Jacqueline de Rojas has joined its Board as a non-executive director. Following three years of successive double-digit growth, the appointment of de Rojas adds strength and depth to ......read more

How COVID Changed Our Relationship with Living Spaces for Good…

Dubai, United Arab Emirates, 15 May 2021: It is safe to say that the pandemic times changed our relationship with our living spaces forever and there is no going back. Thanks to more than a year of working and doing almost everything else from the confines and safety of our homes, we now have a better understanding of what to look for in homes. Another interesting realization during this period ......read more

MoHAP Highlights Efforts to Shift Focus from Treatment-Focused Model to Prevention on World ...…

May 16, 2021:  World Hypertension Day, observed on 17 May every year under the theme "Measure Your Blood Pressure Accurately, Control It, Live Longer", is an important occasion to ramp up global efforts being made to increase high blood pressure (BP) awareness in all populations around the world and to highlight its symptoms and the importance of prevention and early detection to ......read more

Winner Announcement for 2021 International Prize for Arabic Fiction …

#ArabicFiction2021   The winner of the International Prize for Arabic Fiction 2021 will be announced at an online event on Tuesday 25th May from 10am (BST) / 1pm (GST). The event will celebrate the impact of the prize and feature contributions from the IPAF chair of trustees Yasir Suleiman, Administrator Fleur Montanaro and this year’s Chair of Judges Chawki Bazih. The event will ......read more

SCCI Q1 2021 Report Shows Rising Confidence in Sharjah's Business Environment…

Sharjah, May 10, 2021: The Sharjah Chamber of Commerce & Industry (SCCI) has recently issued its first quarterly report on the activities and statistics of the chamber and its branches in Khor Fakkan, Kalba, Al Dhaid, and The report showed that 1882 new companies joined Sharjah’s business community during the first quarter of 2021, a rise of 52% (647 companies) compared to the previous ......read more

Mahzooz Makes Two New Millionaires in One Night!…

• Two lucky participants won AED 1,000,000 each     9 May 2021, Dubai, UAE:  EWINGS, Managing Operator of Mahzooz, saw 2 winners take home AED 1,000,000 each in the 24th live weekly Mahzooz draw that took place last night at the Mahzooz UAE Studio. The lucky second prize winners matched five out of six numbers. Additionally, 117 winners took home AED 1,000 each, while ......read more

Zoho Corporation Launches Qntrl to Address Wide Mid-Market Gap in Rapidly Growing Workflow ...…

New Corporate Division Enables Business Managers to Maximize Visibility and Control and Reduce Manual Work Through Automation   Dubai, UAE — May 9, 2021:  Zoho Corporation, the parent company of leading technology brands such as ManageEngine, WebNMS, and Zoho.com announced today the launch of a new business division, Qntrl (pronounced "control"). As a separate ......read more

Philip Morris International Appoints André Calantzopoulos as Executive Chairman of the Board and ...…

Dubai, United Arab Emirates, 7 May 2021 — Philip Morris International Inc. (PMI) (NYSE: PM) is pleased to announce that Jacek Olczak was appointed CEO following the company’s 2021 Annual Shareholders Meeting on May 5. Mr. Olczak—most recently the company’s Chief Operating Officer—was also elected to the Board of Directors. André Calantzopoulos, who served as ......read more

Trustbank Selects ICS BANKS Islamic from ICSFS…

Trustbank; the first bank in Uzbekistan to launch Islamic Banking Services     May 06, 2021:  Tashkent, Uzbekistan: Trustbank, one of the leading banks and the first private bank to be providing Islamic banking services in Uzbekistan, has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS), the global software and services provider for ......read more

Empower is Fully Geared Up to Meet the Summer Demand…

Dubai, UAE, May 5, 2021:  Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced the successful completion of all required preparations at its district cooling plants using the most sustainable and reliable technologies in district cooling operations, to cater to the increasing demand of summer season. The ......read more

DAFZA's Non-Oil Foreign Trade Exceeds AED119 Billion in 2020…

• DAFZA contributed 10% to Dubai's non-oil foreign trade in 2020 • The free zone represented 25% of the total free zones trade in Dubai • DAFZA achieved a trade surplus of AED15.8 billion  • The free zone provides an integrated ecosystem that ensures continuity of global trade despite economic conditions and fluctuations • H.E. Mohammed Al Zarooni: ......read more

KPMG Lower Gulf Partners with Special Olympics UAE and Special Olympics Middle East/North Africa…

  • KPMG Lower Gulf’s mission to empower People of Determination, becomes an official sponsor of the Special Olympics UAE Unified Robotics program and commits to support Special Olympics athlete leaders in the region.    Dubai, United Arab Emirates, 5 May 2021:  Special Olympics Middle East/North Africa (MENA), KPMG Lower Gulf and Special Olympics UAE ......read more

Full Digital Transformation is a Strategic Decision and Long-Term Investment Area for Sharjah, ...…

 50 public sector officials debate Sharjah’s long-term digital strategy at the NexTech event organised by Sahab Smart Solutions      • Sheikh Fahim Al Qasimi: We are well on our way to positioning Sharjah as an integral part of the UAE’s digital gateway.  • Sheikh Saoud Al Qasimi: Digital transformation is a key tool for the advancement of ......read more

Agthia Group Announces 57% Increase in Q1 2021 Earnings Per Share and 17% Increase in Q1 2021 ...…

•         With the addition of Al Foah and Al Faysal Bakery & Sweets under the consumer business division, total revenues reached AED 665.5 million in the first quarter of 2021. •         Innovation & sustainability continue to be at the forefront of the Group’s growth strategy.   Abu Dhabi, UAE, May 4, 2021 - ......read more

Emirati Medical Innovator Joins Esteemed Judging Panel for James Dyson Awards 2021…

Dr. Ali Hilal Alnaqbi joins engineers Reem Al Marzouqi and Dr. Eng. Suaad Al Shamsi to inspire the next generation of problem solvers in the UAE   May 03, 2021:  The James Dyson Awards, an international platform to launch the next generation of inventors, returns to the UAE in 2021 to continue to foster the spirit of innovation amongst undergraduates and recent graduates of ......read more

Wego Signs Partnership with Yas Island Abu Dhabi to Promote the Destination to UAE Users…

Starting this Eid, UAE travelers can enjoy amazing savings on rooms, theme park access and much more   Dubai, UAE: 3 May 2021: Wego, the largest online travel marketplace in the Middle East and North Africa (MENA), has signed a partnership with Experience Hub, the promotional arm of Yas Island, Abu Dhabi’s premier leisure and entertainment destination, to promote the island to ......read more

Eros Group Expands its Brand Portfolio by Partnering with Ariston, Amazfit, Vaio, Avita, Huawei ...…

Groups retail arm, Eros Digital Home will now showcase a range of products from each company’s diverse portfolio Dubai, United Arab Emirates, 2nd May 2021: Eros Group - the sole distributor of world-renowned brands, including Samsung, Hitachi, TCL and Midea, has added premium electronics brand to its impressive portfolio. Eros Digital Home stores will now showcase multi brand products ......read more

International Gemological Institute (IGI) Strengthens Consumer Confidence With Its Latest ISO ...…

•      IGI is now ISO 17025 certified for laboratory grown diamonds identification and grading process. •      The recent accreditation reinforces its dominance across all certifications- natural diamonds, gemstones, jewelry & now laboratory grown diamonds. Dubai, May 02, 2021:  International Gemological Institute, the global leader for ......read more

The Challenges and Fads of Digital Disruption…

NIRANJAN GIDWANI  CONSULTANT DIRECTOR | MEMBER UAE SUPERBRANDS COUNCIL | FORMER CEO EROS GROUP DUBAI This pandemic has sharply accelerated market fragmentation.  This has allowed the digital giants, who have gained considerable expertise in market micro-segmentation, and are funded by hordes of cash, to grow quickly.  Majority of companies have not changed, nor been ......read more

Arab Bank Group Reports First Quarter 2021 Net Profit of $128.3 Million…

Dubai, UAE, 1 May 2021:  Arab Bank Group has consolidated the financial statements of Oman Arab Bank under Group accounts in the first quarter of 2021. Oman Arab Bank has also recently finalized the acquisition of Al Izz Islamic Bank, a full-fledged Islamic bank, accordingly strengthening its presence in the Sultanate of Oman, in line with Arab Bank’s strategy to reinforce its business ......read more

Mashreq Posts AED 43 Million Net Profit for 1Q 2021…

Dubai, UAE - May 01, 2021:   Mashreq, one of the leading financial institutions in the UAE, has today reported its financial results for the first quarter ending 31st March 2021.   Key highlights:   • Operating Income and Net Profit on a positive trajectory o Operating Income has increased by 19.7% over the previous quarter to AED 1.4 billion due to ......read more

LG Announces First-Quarter 2021 Financial Results…

Highest Quarterly Revenue and Operating Profit in Company’s History   Dubai, Apr. 29, 2021:   LG Electronics Inc. (LG) today announced first-quarter 2021 consolidated sales of KRW 18.81 trillion (USD 16.90 billion) and operating profit of KRW 1.52 trillion (USD 1.36 billion) – the highest quarterly results in the company’s history with the 8.1 percent ......read more

Emirates Driving Company Announces the Development of a New Branch in Madinat Zayed City…

Date: Abu Dhabi, April 28, 2021:  Emirates Driving Company PJSC, a publicly-listed company on the Abu Dhabi Securities Exchange (ADX), is investing Dh22 million (US$6 million) in developing a state-of-the-art branch office and associated facilities to help future motorists seeking driving classes in Madinat Zayed City, Al Dhafra region. Emirates Driving Co is the only licensed motor ......read more

Al Ansari Exchange Becomes the First Exchange Company in UAE to Secure Issuance License from Visa…

Demand for digital payments expected to spike in 2021 amid rising online purchases Dubai, April 27, 2021- Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, revealed that it has obtained an issuance license from Visa, the world’s leader in digital payments, making it the first exchange company in the United Arab Emirates to secure such a status. The ......read more

Brazil's Q1 2021 exports to Arab world soar USD 2.91 billion amid global trade recovery…

22.5 per cent growth in volume recorded during first three months of the year April 27, 2021- Brazil’s exports to the Arab region soared 22.5 per cent in volume during the first quarter of 2021 to reach USD 2.91 billion, up 18.2 per cent from a year ago, amid a steady recovery in global trade, figures released by the Arab-Brazilian Chamber of Commerce (ABCC) showed. Saudi Arabia was ......read more

Ajman Free Zone registers 1,717 new companies in 2020…

Ahmed bin Humaid Al Nuaimi: “AFZ’s positive performance amidst today’s challenges reflects our economic leadership and innovative approach to maintain growth.” 23 per cent increase in the number of new companies registered during 2020 Education sector leads as the most active sector, including training, educational consulting and liberal professions during 2020, ......read more

Mehna Wins MIT Bootcamp Challenge Tackling Youth Unemployment…

● MIT Innovation Leadership Bootcamp  co-organized by the Abdulla Al Ghurair Foundation for Education and UAEU  ● The winning projects will be featured in UAE University’s pavilion at Expo 2020 Dubai  ● 120 Emirati and Arab youth divided into 22 teams took part in the blended Bootcamp experience ● Participants spent 10 weeks exploring ......read more

New Turkey Visa Application Centre Inaugurated in Dubai's Wafi Mall…

• Newly renovated centre inaugurated by H.E. Mr. Mustafa İlker Kılıç, Consul General of Turkey in Dubai, on 25 April 2021  • Centre is dedicated exclusively to Turkey and has been designed with a Turkish character • Spread across 5,500 square feet, the centre can accommodate up to 250 applicants a day • Centre accepting visa applications for all ......read more

Dubai Chamber Members See Rebound in Latin America-bound exports in Q1-2021…

- Export and re-exports bound for Latin American markets up 69% y-o-y in first quarter of 2021, according to new data released by Dubai Chamber.   - Brazil accounted for the largest share of issued certificates of origin  in Q1, or 36%, followed by Mexico with 26%.   - Untapped export potential in UAE exports to Latin America estimated at over $545 million a ......read more

WCU: Grain Market Rally Adds to Inflation Unease…

April 25, 2021:  The commodity sector trades higher for a second week and during this time the Bloomberg Commodity Spot Index has recouped all the losses from the March correction to reach a fresh nine-year high. A weaker dollar and lower bond yields have supported the general recovery, while the biggest input has been delivered by a continued surge across key agriculture commodities from ......read more

Arab-Brazilian Chamber of Commerce appoints former Brazilian Ambassador Osmar Chohfi as new ...…

New leader to leverage new Trade 4.0 opportunities, drive next stage of Arab Chamber’s modernization & support Brazil-Arab trade diversification April 24, 2021- The Arab-Brazilian Chamber of Commerce (ABCC) has announced the appointment of former Ambassador Osmar Chohfi as its new President. Chohfi, whose selection was formally confirmed by the ABCC Board recently, will replace ......read more

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