• EBITDA remains on a positive upwards performance with strong results for a second consecutive quarter following 2030 strategic turnaround plan
• Q2 2022 EBITDA from continuing operations of AED 44.2m marks a return to a double digit margin of 10.5% of net sales
August 12, 2022: Gulf Pharmaceutical Industries PSC (Julphar or the Company), one of the largest pharmaceutical manufacturers in the Middle East and Africa, today reports its financial results for the second quarter.
The Company reported robust results achieving AED 419.9million in net sales for Q2 2022, marking a 91% increase versus Q2 2021. While geo-economic headwinds have impacted year-to-date and quarter-on-quarter sales in markets such as Algeria, Ethiopia and Morocco, Julphar’s operations and productivity have remained consistent in these ......read more
Company reported EBITDA of AED 1.99 billion and Net Profit of AED 1.56 billion in the first half of 2022
ADNOC Distribution’s fuel volume grew by 9% compared to H1 2021, driven by its commercial and retail businesses
In H1, company achieved approximately 60% of its 2022 network expansion target, delivering 38 new stations across the UAE and Saudi Arabia, growing its total network to 538 stations
The company further signed an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt, which includes 240 fuel retail stations, wholesale fuel, aviation fuel and lubricants operations, delivering on commitment to international growth
Abu Dhabi, UAE – August 8, 2022: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, which is listed on the Abu ......read more
New features include AI at the edge of the network enabling auto-tracking, the best low light performance and enhanced cybersecurity.
Dubai, United Arab Emirates: i-PRO, a global leader in professional security solutions for surveillance along with its regional distributor Panasonic in the Middle East & Africa region, announced the addition of AI to its PTZ (pan, tilt, zoom) cameras and a revamp of the entire PTZ range, adding a total of 35 new cameras.
The new PTZ range was introduced at the launch event recently held in Dubai and attended by 90 dealers, contractors and integrators.
Delivering on its mission of AI-ification of the security industry, i-PRO has added its first AI-enabled PTZ cameras to the S-Series. The cameras include a powerful built-in AI processor enabling advanced automatic ......read more
To be held on October 13, the one-day event will highlight how best to shape the future of innovation and knowledge sharing in the region
Sharjah, UAE, August 4, 2022: A galaxy of business leaders, innovators and techies will take the centre-stage at the 3rd Middle East Innovation and Technology Transfer (MITT) Summit, the region’s biggest specialized event in technology transfer and innovation, to be held at the SRTI Park, Sharjah, on October 13.
Leading experts from the region and across the globe will discuss how to best shape the future of innovation while creating sustainable impact, in line with the UN’s Sustainable Development Goals, covering topic like Water Technology, Renewable Energy, Environmental Technology, Digitization, Industrial Design 4.0, and Mobility and Smart Cities.
The participants in ......read more
Dubai, U.A.E., 4 August 2022 – Dubai Aerospace Enterprise (DAE) Ltd today reported its financial results for the six months ended June 30, 2022. The consolidated financial statements can be found here.
Selected Financial Highlights:
Six Months Ended
US$ millions Jun 30, 2022 Jun 30, 2021
Total Revenue 582.8 613.4
Profit for the period before exceptional items (1) 140.1 49.0
Operating Cash Flow 678.5 498.5
Exceptional Items, net of tax (537.9) -
Adjusted Pre-Tax Profit Margin (1)(2) 23.0% 11.0%
Adjusted Pre-Tax Return on Equity (1)(2) 8.8% 4.6%
US$ millions Jun 30, 2022 Dec 31, 2021
Total Assets 11,503.1 12,609.6
Net Loans and Borrowings 7,214.8 7,813.7
Available Liquidity 2,725.3 2,910.3
Net Debt to ......read more
Infor recognized for the functionality and usability of its solutions
DUBAI – August 4, 2022 – Infor®, the industry cloud company, announced that Nucleus Research has positioned Infor as a leader in its June 2022 Enterprise ERP Technology Value Matrix 2022 – and its Small and Midsize Business (SMB) ERP Technology Value Matrix.
Infor was one of only two vendors to be positioned as a leader in both reports. In the SMB ERP Value Matrix, Infor also was positioned furthest to the right in the leader’s quadrant, making it the highest ranked, among the leaders, for solution functionality.
Download a complimentary copy of the Nucleus Enterprise ERP Technology Value Matrix 2022.
Download a complimentary copy of the Nucleus SMB ERP Technology Value Matrix ......read more
DUBAI – August 3, 2022: Alpen Capital’s latest hospitality sector report for the GCC projects the industry will return to pre-pandemic levels in 2022, registering a 74.8% year-on-year growth and reaching a revenue of USD 26.3 billion. It adds the industry is expected to grow with a Compounded Annual Growth Rate (CAGR) of 6.6% up to 2026.
UAE-based investment banking advisory firm, Alpen Capital, launched its latest GCC Hospitality Industry report on Wednesday, August 3rd featuring detailed studies and forecasts on the hospitality sector, analyzing recent trends, growth drivers and challenges facing this dynamic segment. It also profiles some of the renowned hospitality companies in the region.
The report was launched over a webinar followed by a panel discussion featuring Sanjay Bhatia, Managing Director, Alpen ......read more
• Amlak H1 2022 net group profit up by 35% compared to the same period last year
• Total assets stand at AED 3.8 billion
• Debt settlement arrangements yielded AED 225 million gain and contributed in total debt reduction of AED 565 million (including Mudaraba instrument of AED 120 million).
Dubai, UAE: 03 August 2022: Amlak Finance PJSC today announced its H1 2022 financial results. Amlak reported a net profit of AED 266 million for H1 2022 as compared to net profit of AED 197 million for H1 2021. The company focused on prudently managing its UAE operations and balance sheet.
Amlak’s total income for H1 2022 decreased by 9% to AED 319 million as compared to AED 351 million in H1 2021. Revenues from financing business decreased by 19% to AED 69 million during H1 2022 as compared ......read more
Highest Second-Quarter Revenue in Company’s History Reflects
Sales Growth for Premium LG Home Appliances and Auto Parts
DUBAI - August 2, 2022 — LG Electronics Inc. (LG) announced its highest-ever second- quarter revenues, reflecting strong sales for LG home appliances in key regions and the profitable growth of LG’s vehicle components business as the global automotive industry rebounds.
LG reported revenues of KRW 19.5 trillion in the second quarter of 2022, 15 percent higher than the same quarter the previous year. Operating profit for the second quarter was KRW 792.2 billion, 12 percent lower than the same quarter last year, largely due to supply chain challenges and higher logistics costs.
Given the business impact of the evolving state of the pandemic and economic conditions, LG is ......read more
• Group Q2 net profit jumped 184% from Q1 to AED 207 million
• Q2 revenues increased to AED 2.57 billion
• H1 net profit advanced to AED 280 million on revenue of AED 4.61 billion
Abu Dhabi, United Arab Emirates - 02 August 2022: Emirates Steel Arkan (ADX: EMSTEEL) (the “Group”), the largest publicly traded steel and building materials company in the UAE, today announced its second quarter results.
The Group reported a net profit of AED 207 million in the second quarter compared to a pre-merger loss of AED 24 million in the same period of last year and a 184% gain from AED 73 million in Q1, driven by higher sales volumes and prices, enhanced operational efficiencies, and a supportive commodity market environment. Revenues rose to AED 2.57 billion in Q2 ......read more
Dubai, July 30th, 2022: Arab Bank Group reported a net income after tax for the first half of 2022 of $252 million as compared to $182.4 million for the same period last year, recording an increase of 38%.
The Group loan portfolio grew by 6% to reach $35.7 billion as of June 30, 2022 compared to $33.8 billion for the same period last year, while customer deposits grew by 2% to reach $47.1 billion compared to $46 billion for the same period last year. The increase in loans and deposits in most areas of operations are in line with the Bank’s sustainable growth strategy to expand and diversify its clients, loans and deposit base. The Group maintained its strong capital base with a total equity of $10.2 billion.
Mr. Sabih Masri, Chairman of the Board of Directors, stated that the performance in the first half of the year ......read more
Dubai-UAE: 29July, 2022 – As UAE’s education sector continues to make advancements in innovation in line with the National Innovation Strategy, The University of Wollongong in Dubai (UOWD) played its part through the recently-concluded 15th Annual Innovation Fair 2022.
The Annual Innovation Fair served as an opportunity for senior Bachelor’s students and recent graduates majoring in Engineering or related areas to showcase and demonstrate their projects to other students, academics, industries, and the public in an interactive and competitive environment.
Approximately 100 students participated in the fair and showcased their projects across three categories including Early Engineering, Advanced Engineering and Research.
The first category, Early Engineering, saw eight teams participate in groups of ......read more
Dubai, UAE, 29th July 2022: Commercial Bank International (‘CBI’ or ‘the Bank’) has announced its second quarter 2022 financial results.
Key financial result highlights (quarter-on-quarter changes from Q1 2022 to Q2 2022 respectively):
• Net profit increased by 67% from AED 20.6 million in Q1 2022 to AED 34.4 million in Q2 2022.
• Operating profit increased by 82% from AED 40.3 million to AED 73.2 million.
• Net operating income increased by 42% from AED 110.8 million to AED 157.6 million.
Commenting on the Bank’s Q2 performance, Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, said: “We continue to support our customers and contribute strongly to economic growth in line with the UAE’s strategy that focuses on ......read more
National Bank of Fujairah PJSC (NBF) posted a solid performance in H1 2022 Net profit reached AED 150.5 million up 97.5% and surged 49.4% quarter-on-quarter on the back of strong business growth and asset and liability management
Progressive performance underpinned by robust capital adequacy, enhanced balance sheet management and improvement in asset quality
28 July 2022: NBF is pleased to announce its results today for the six month period ended 30 June 2022.
NBF recorded year-on-year growth of 97.5% to close the six month period at a net profit of AED 150.5 million compared to AED 76.2 million in the corresponding period of 2021, up 49.4% quarter-on-quarter and 163.6% for the three month period ended 30 June 2022 over the corresponding period of 2021. This ......read more
o Significant increase in profitability of 45% YoY to reach to AED 2.7 billion.
o Substantial rise in total income by more than 7% YoY to AED 6.3 billion.
o Strong growth on core assets of 6% YTD to reach to AED 241.3 billion.
o Strong underlying performance has led to upward revisions on 2022 guidance metrics
Dubai, July 27, 2022
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending June 30, 2022.
First Half 2022 Highlights:
• Substantial growth in Group Net Profit of 45% YoY to AED 2,700 million vs AED 1,864 million in same period last year. The strong growth was driven by rising core revenues and sustained lower impairments.
• Gross new financing and sukuk investments saw a remarkable increase by AED 33 ......read more
Silver jubilee highlights include 850,000 Tons of steel for 6,200 Projects in 50+ countries
Dubai, UAE, July 26th, 2022: Emirates Building Systems (EBS), established in 1997, as a subsidiary of Dubai Investments, and one of the leading manufacturers of steel structures in the Middle East, has successfully completed 25 years in steel business, further strengthening Dubai Investments business portfolio in the steel business across the region and globally.
Capitalizing on the technical expertise and an expanded product portfolio, EBS silver jubilee highlights underline a notable usage of more than 850,000 Tons of steel for 6,200 projects in more than 50 countries. Being one of the leading manufacturers of steel structures in the Middle East, apart from being the market leader in UAE, the Company’s facilities extend ......read more
Danube Home enters the Saudi Arabia market through a Joint-Venture alongside a local partner.
22, July 2022- Danube Home, the one stop solution for all home improvement needs, based in UAE under the Danube Group has entered into a strategic partnership with the Masah Specialized Construction Co, a leading company in Saudi Arabia’s construction sector. The agreement was signed by Adel Sajan, Managing Director, Danube Group and Sayed Habib, Director- Business Development, E-Commerce & Franchise, Danube Home with Mohammed Abdul Nayeem- General Manager, Masah Construction, in the presence of key stakeholders from both organizations.
MASAH Specialized Construction is (A Mixed Limited Liability Company) formed officially in 2006 with a mission to become a top leading company in the construction sector. ......read more
National Bank of Umm Al-Qaiwain has posted a net profit of AED 165.30 million for the six months of the year 2022. Net profit has increased by 25.72% compared to AED 131.48 million for six months of previous year due to improving external environment.
Cost to income stood at 29.38% during six months, reflecting the Bank’s operational efficiencies and disciplined cost management.
Bank is focused on exercising prudence and building up provisions to ensure adequate cushions during current challenging times.
Bank holds collateral and specific provision to the tune of 195.66% for vast majority of the non-performing loans, which reflects prudent management and effective monitoring of our loans and advances portfolio.
Other major highlights as at 30 June ......read more
Dubai, UAE — July 21, 2022 — SAP SE (NYSE: SAP) today announced a new share repurchase program. The program, with a volume of up to €500 million, is planned to be executed in the period between August 1 and December 31, 2022. It will be implemented based on the authorization granted by the Annual General Meeting of SAP SE on May 17, 2018, and in compliance with the restrictions set forth therein. Repurchased shares will primarily be used to service awards granted under share-based compensation plans for employees.
The new share repurchase program follows SAP’s 2020 repurchase of around 14 million shares for about
€1.5 billion and the repurchase of around 10 million shares for about €1 billion in the first half of 2022.
Dr. Chinmay Pandya, Pro-Vice Chancellor, Dev Sanskriti Vishwavidyalaya (DSVV) and a key mentor of AWGP outlined the 2 major philosophies of AWGP – Self embellishment and social upliftment during his recent Dubai visit . According to him, following these two philosophies of self-embellishment which is nothing but ‘making myself a good human being’ and social upliftment which is ‘making society a good place to live’. will make an individual a better human being. “In the current world scenario we have noticed that more wealth brings more dissatisfaction. This being the case, there is a need for an approach like this, which has become more paramount as compared to the earlier days. The real transformation can only come from within. It cannot come from outside. Until and unless people change ......read more
UAE, 21st July 2022: Herman Miller announced the re-opening of its showroom in Dubai’s prestigious Marina Plaza. Redesigned from top to bottom, it showcases the company’s iconic and innovative design solutions for both commercial, healthcare and hospitality spaces in a real-life workplace.
The 750-square-metre space will be a living, breathing example of a workspace in motion. With clear pathways and delineated zones for individual and collaborative work, the showroom offers a variety of workplace settings. A lounge-style reception acts as a welcoming space and entry-point for customers. Meanwhile readily accessible work points support work between meetings, while the flexible meeting spaces foster group discussions and presentations.
The new showroom also enables colleagues and dealers to experiment with emerging ......read more
UAE’s Mulk International breaks ground to develop the 2.5 million square feet Zimbabwe Cyber City that will be a game-changer for the African country as it seeks to develop its economy with foreign investment
Date: Harare, Zimbabwe and Dubai, UAE; July 21, 2022
President of Zimbabwe, HE Emmerson Mnangagwa today broke ground to launch the US$500 million (Dh1.83 billion) Zim Cyber City – a state-of-the-art mixed-use hi-tech park at the outskirts of Zimbabwe’s capital city Harare – that is being developed by UAE-based diversified industrial conglomerate Mulk International.
Sprawled across 2.5 million square feet, Zim Cyber City is currently under construction in Mount Hampden, New Harare. Mount Hampden’s master plan includes the newly completed parliament building and all the ministry ......read more
Dubai, UAE; 20th July 2022: Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the first half ending 30th June 2022.
• Strong Growth in Operating Income & Net Profit
o Operating Income has increased by 15% over the previous year to AED 3.3 billion mainly due to increased Net Interest Income and Income from Islamic financing
o Mashreq’s non-interest income to operating income ratio continues to remain high at 44.2% (47.5% as of December 2021)
o Operating profit at AED 1.9 billion is a 17% increase compared to 1H 2021 as a result of higher operating income
o Mashreq posted a healthy Net Profit of AED 1.4 billion in 1H 2022.
• Comfortable Liquidity & Capital ......read more
Veppy.com gives the UAE’s small and medium enterprises a great business opportunity to expand by registering and listing their products on the fastest-growing online shopping marketplace that goes live in August this year
Date: Dubai, UAE, July 19, 2022
1. The Q-Commerce market in the Middle East and North Africa (MENA) region is expected to grow from US$9 billion in 2020 to US$20 billion by 2024.
2. Globally, the Q-Commerce market for food and grocery delivery is expected to grow to $72 billion by 2025, according to a report by Forbes magazine.
3. Latest estimates from Visa Middle East have forecasted the total MENA E-Commerce market size, including all categories, to be worth US$48.6 billion in 2022.
4. Q-Commerce segment is ......read more
In recent years, index trading has grown to be one of the most popular ways to trade the market. This is due to the fact that it allows investors to trade a wide range of stocks via a single index. Traders may minimize their stock-specific risk and cut their stock-specific exposure by using indices trading.
What are indices trading?
An index is a set of assets that are tracked and compared according to an established formula in order to measure the state of the market as a whole or a specific sector. An index is a collection of stocks that may be used to gauge the overall market's performance or one particular industry's performance. For example, the S&P 500 Index tracks the progress of 500 large-cap companies listed on US stock exchanges.
The benefits of indices trading
There are many benefits to indices trading, ......read more
Competition aims to highlight and encourage individual actions to help protect the planet, through the medium of art
18 July 2022: National Bank of Fujairah (NBF) is pleased to announce the launch of its 2022 Art Competition. Under the theme “It All Starts With Me!”, the competition is open for submissions from all adult artists based in the UAE.
The competition theme emphasises the positive impact of individual actions when worked together, leading to a massive change in contributing towards safeguarding our planet Earth. The artworks can be submitted in the form of drawings, paintings, digital art, or sculpture, and should link to the theme of sustainability, and the role that each one of us can play in tackling climate change and conserving the natural environment.
The NBF Art Competition, which began in ......read more
Dubai – July 15, 2022: QNET, a prominent e-commerce based direct selling company, is celebrating World Youth Skills Day by empowering young people through upskilling workshops that focus on entrepreneurial proficiency. The company offers comprehensive training programs for those looking to become QNET independent representatives to enable them to choose a sustainable source of income outside the less flexible, traditional career path.
World Youth Skills Day was declared by the United Nations General Assembly in 2014. The day is meant to celebrate the strategic importance of young people being able to lift themselves up by teaching them the skills they need to pursue opportunities for employment and entrepreneurship.
Speaking about the importance of World Youth Skills Day, Malou Caluza, CEO of QNET, said, ......read more
July 15, 2022 — LG Electronics Inc. (LG) announced its preliminary earnings results for the second quarter of 2022.
LG reported revenues of KRW 19.5 trillion in the second quarter of 2022, 15 percent higher than the same quarter the previous year. Operating profit for the second quarter was KRW 791.7 billion, expected to be 12 percent lower than the same quarter of the previous year.
LG Electronics terminated production and sales of solar panel at the end of June this year and is treating the performance of solar business as a discontinued operating loss from the second quarter 2022 earnings announcement. Applying the same standards from the second quarter of 2022 to the same period last year, LG would have recorded a revenue of KRW 16.9 trillion with an operating profit of KRW 900.1 billion.
These figures are the ......read more
Pledge to empower female entrepreneurs
Dubai - July 13, 2022: Hotpack Global, the world’s leading manufacturer of disposable food packaging products, has partnered with 60 Day Startups (60DS) to support female entrepreneurs in the UAE as a part of Hotpack’s Takkah Project. The partnership aims at providing training and mentorship to women-led start-ups in the food industry.
Hotpack launched the Takkah Project on International Women’s Day as a year-long initiative to empower women-led food businesses in the UAE. Recently, the company partnered with 60DS which is the first community-led, female-only business accelerator in the UAE to extend its support to female entrepreneurs that are a part of the 60DS community.
Regarding the partnership, Hotpack Global E-Commerce Head, Ms. Shahana Ahmad ......read more
• AED 10,000,000 claimed three times within a month
• AED 11,655,600 given away to 1046 winners
• Emirati winner grabs ones of three raffle draw prizes
United Arab Emirates, Dubai, 10 July 2022: Another spectacular win of AED 10,000,000 was recorded again this Saturday 9 July, for the third time within a span of one month, at the Mahzooz 84th draw, just one week after last Saturday’s top prize win. This is a true testament to Mahzooz’s ability to change lives overnight and make unimaginable dreams come true.
The top prize of AED 10,000,000 was scooped up by a lucky participant who matched 5 out of 5 winning numbers. The winning numbers are 16,18,37,38,40.
While the top prize winner’s life has changed forever, the 84th weekly draw saw 1045 other winners walk ......read more
12 July 2022: Samsung Gulf Electronics has expanded its Anti-Counterfeit Program (ACP) in Oman, holding a dedicated workshop to advance anti-counterfeit solutions.
The workshop boasted 50 government employees from the Consumer Protection Authority, the Ministry of Commerce and Industry, and the Royal Oman Police, who gathered to discuss the risk of counterfeit items and the effect it has on the country's economy and its residents’ safety in the presence of Kiran Tewari, Director and Head of Customer Service, Samsung Gulf Electronics.
Kiran Tewari said: “Counterfeit affects every country in the world and fuels illegal activities. Fake goods are produced in very low quality, which shortens the life span of the items. I am delighted to be part of such an ambitious program and service offering at ......read more
Zoho signs MoU with Manipal Academy of Higher Education, Dubai to foster innovation amongst young developers
Through this partnership, Zoho will enable developers & IT undergraduates to transform their ideas into deployable, real-life solutions using its low-code platform, Creator
Dubai, UAE- 5 July, 2022: Zoho Corp., a leading global technology company, and School of Engineering & IT, Manipal Academy of Higher Education (MAHE), Dubai have signed a Memorandum of Understanding (MoU) to facilitate hands-on training and knowledge-transfer to the institute’s developer community.
The MoU was signed by Ali Shabdar, Regional Director, Middle East and Africa at Zoho and Dr. S. K. Pandey, Dean – STEM Programs and Chairperson, School of Engineering & IT, MAHE Dubai. The agreement aims to empower the next ......read more
- Zoho will provide startups under the Falak network USD 2500 wallet credit to access any of Zoho's products
- Falak and Zoho are conducting a series of bootcamp sessions to nurture young talents’ ideas and help them build MVPs using latest technology
Riyadh, Saudi Arabia- 05 July, 2022: Zoho Corp., a leading global technology company, signed a Memorandum of Understanding (MoU) with Saudi-based Falak Investment Hub to work together to digitally empower youth and startups in Saudi, and support them in their digital transformation journey.
As per the MoU, Zoho will provide startups associated with the Falak Investment Hub network wallet credit worth USD 2500, an initiative by the 'Zoho for Startups' program. The wallet credit can be used for accessing any of its 50+ products. In addition, members of ......read more
• An annual event bringing together over 600 delegates to celebrate the successes and achievements of growth in business and networking
• For over 17 years now, BNI in the UAE is well attended by business professionals and has immensely contributed to better capitalizing on their capabilities and optimizing innovation while creating a favorable environment for businesses to transform the nation’s economy.
• As part of BNI’s initiatives for members to thrive, the BNI UAE EXPO and Members Day 2022 was held on July 2, 2022, from 9AM – 6 PM
5th July 2022 Dubai United Arab Emirates, Business Network International (BNI), the World's Largest Business Networking and Referral Organization, hosts the first BNI Expo UAE and Members Day on July 2, 2022, at the JW Marriott Marquis. With ......read more
Abu Dhabi, UAE; 04 July 2022: The CEOs Consultative Council of UAE Banks Federation (UBF), the umbrella body representing banks operating in the UAE and the unified voice for the UAE banking sector, held its first meeting under the chairmanship of H.E. Mohammad Omran Al Shamsi, Vice Chairman of UBF, Chairman of RAK Bank, and attended by CEOs of UBF member banks.
The CEOs Consultative Council was established as per the resolutions of the UAE Banks Federation General Assembly meeting and Board of Directors meeting, held in December 2021 and April 2022, to complement the CEOs’ Advisory Council. The newly established council will provide a broader platform for CEOs of member banks to share their opinions, benefit from their experiences, and widen decision-making bases.
The CEOs Consultative Council represents ......read more
The new facility opened recently in Sharjah Publishing City FZ will enable publishers access to Ingram Content Group’s robust distribution network of 40,000 retailers globally
• The Sharjah facility has the capacity to process print-on-demand orders within 24 hours and can ship to select destinations within 48 hours.
• Equipped with first-rate technology and digital publishing innovations, new facility can quickly process and ship print-on-demand orders, reducing waste and lowering carbon footprint.
Sharjah, July 04, 2022: Sharjah Book Authority (SBA) and Ingram Content Group’s print-on-demand company, Lightning Source LLC, have launched a joint venture, ‘Lightning Source Sharjah’, bringing the world’s first large-scale print-on-demand operations ......read more
Dubai, July 04, 2022: Hotpack, the UAE based global leader in disposable food packaging products, has inaugurated a new showroom in Salalah. The new showroom is Hotpack’s second in Oman and with this expansion, the company expects to increase its foothold in Oman and the GCC region.
The inauguration was attended by Shura Council member Sheikh Ahmed bin Saeed bin Hassan Sabanot. Hotpack Group General Manager and Executive Director, PB Zainuddin, Deputy General Manager Mujeeb, Country Manager Ratheesh V. Pillai, as well as Sahad and Bismil Rahman of Salalah Branch were also present.
Commenting on the launch of the new showroom, Group Executive Director of Hotpack Global, Mr. Zainudeen Beeravunni said, “This showroom marks a significant expansion of our operations in the Oman market. We expect that with this showroom, ......read more
• Selected TechUp graduates will be welcomed annually from Abdulla Al Ghurair Foundation’s NOMU Initiative to receive paid internships with Mashreq
• TechUp, part of the Abdulla Al Ghurair Foundation for Education’s NOMU Initiative, is designed to help 25,000 Emirati youth compete in the global labor market for the jobs of tomorrow
Dubai, UAE, 04 July 2022: Mashreq Bank has signed a strategic partnership with the Abdulla Al Ghurair Foundation for Education to support its recently launched NOMU Initiative. The multi-sector national youth development project is designed to impact 25,000 Emirati nationals with market-driven, industry-led training and work integrated learning opportunities to improve their employability and support the national priority areas of the United Arab ......read more
United Arab Emirates, Dubai, 4 July 2022: Mahzooz, the leading weekly draw in the UAE that has so far created 24 millionaires, is celebrating the arrival of summer in style with the announcement of the Golden Summer Draw, where one lucky participant can win one kilogram of 22ct gold in addition to the usual prizes. Everyone who takes part in the Mahzooz weekly draws in July 2022 will automatically be entered into the Golden Summer Draw which will be held on 30 July 2022, along with the grand and raffle draw.
Entrants can participate in Mahzooz by registering via www.mahzooz.ae and purchasing a bottle of water for AED 35. Each bottle gives them an entry through one line into the grand draw, another entry into the weekly raffle draw and this month, an additional chance to win one kilogram of gold through the Golden Summer ......read more
Dubai – July 04, 2022: QNET, the Asian direct selling giant, is celebrating an immensely successful 2022 awards campaign by bagging eleven wins at various award competitions in the past few months. The company received multiple awards from the 2022 TITAN Business Awards, The Asia-Pacific Stevie Awards, The PR Awards, the Middle East & North Africa Stevie®️ Awards 2022 and the 2022 HERMES Creative Awards.
The successful 2022 awards campaign by QNET comes following the company’s stellar performance in 2021 with 33 wins. At the start of the year, QNET also swept the AVA Digital Awards with 5 wins, exceeding their performance in the 2021 edition when they had wins.
The company earned its accolades for various innovative social and PR, social media, and marketing communication campaigns through ......read more
• All-female cast of Mahzooz Raffle Draw winners scored big
United Arab Emirates, Dubai, 1 July 2022: On the back of the AED 10,000,000 win in the 81st Mahzooz Grand Draw, spirits were high in the 82nd draw. Indeed, a testament to the fact that Mahzooz changes lives overnight. However, it was a different surprise this week when all three Raffle Draw winners were women from different continents.
Oana, Rachel and Barbara, originally from Romania, Philippines, and Uganda respectively, took home AED 100,000, each after they won the three Raffle Draw prizes.
The three raffle winners have plans for how they will use their Mahzooz winnings to improve the lives of their families and themselves.
Oana is from Romania and is currently based in Ras Al-Khaimah. The newly wed ......read more
30 June, 2022: Ogilvy PR has named industry leader Rahul Titus as the first Global Head of Influence. Since 2017, Rahul has worked with Ogilvy’s Influence team in the UK to establish the agency’s dominant position and authority in this space.
In this new role for the agency, Rahul will build on the existing momentum by scaling Ogilvy’s Influence capabilities across the global Ogilvy network. Rahul will continue to expand the Influence footprint in partnership with the agency’s earned and social teams, and will work closely with other Ogilvy businesses to unlock new growth opportunities through Influence-enabled content and experiences. Rahul will continue to have a strong base in the UK as he leads the Global team to drive Influence forward for clients, reporting to Ogilvy PR Global CEO, Julianna ......read more
First in the World to Receive ISO 13849-1 Certification for Mobile Service Robots,
LG Confirms Its Leadership in the Field of Robot Safety Technology
DUBAI, June 29, 2022 — LG Electronics (LG) has again proven its technological capabilities and commitment to creating safe, new innovations for a better life, becoming the first company in the world to receive the ISO 13849-1 certification* for its safety controller module utilized in mobile service robots. The new certification applies to LG’s advanced safety controllers for robots and was issued by Det Norske Veritas (DNV), an international accredited registrar and classification body headquartered in Norway.
LG’s newly developed safety controller for robots ensures the highest level of operational safety and reliability by actively managing ......read more
• Visitors can now discover more than 75 locations in Qatar
• App’s Qatar Location Insights unlocked for the first 12 months
Following the successful launch of Explorest in some of the world’s most photographed cities including Los Angeles, New York, London, Paris, Singapore, Hong Kong and Shanghai, Qatar Tourism has partnered with Explorest to debut in the region and unveil 75 of the greatest places to take photos across Qatar.
The partnership sets the app to become the go-to digital travel companion for amateur and professional photographers wishing to capture unique images of the country’s diverse natural assets, architecture, cultural hotspots and more.
First-time or returning travellers to Qatar from the region, as well as professional and amateur photographers can ......read more
DUBAI – June 27, 2022: Brazil will continue creating influence in the global marketplace in line with the results the nation created with its participation at the recently concluded Expo 2020 Dubai.
About 1,030 Brazilian companies that became part of their pavilion at the Expo, secured business deals of USD 648 million during the event and are expecting additional deals worth USD 3.4 billion in the next 12 months in food, cosmetics, furniture, aerospace, leather, oil and gas sectors, according to an official statement.
“The Brazil pavilion, being positioned among the five most visited pavilions of the Expo 2020, hosted 2.1 million visitors with an average of 11,700 visitors daily during the six-month-long event. We are determined to enhance the impact of the results created at the Expo Dubai with excellent ......read more
• Three Raffle Draw winners take home AED 100,000 each
United Arab Emirates, Dubai, 27, June 2022: Following the stunning top prize win of AED 10,000,000 in last week’s Grand Draw, a substantial AED 1,777,050 was awarded to 1,405 lucky winners at the 82nd Mahzooz Grand Draw on Saturday, 25 June 2022. Operated by EWINGS, Mahzooz is the leading weekly live draw in the UAE that has awarded over AED 200,000,000 in prize money to date.
The wins keep on coming
Overall, the 82nd Mahzooz Draw saw 1,405 winners, including 39 participants who matched 4 out of the 5 numbers, sharing a total prize kitty of AED 1,000,000 among themselves. Each of the winners took home AED 25,641. Meanwhile, 1,363 participants won AED 350 each after matching 3 out of 5 numbers.
Guaranteed Raffle ......read more
1,800 industrial stakeholders, investors and 24 Prominent Exhibitors participated in the forum
AED 110 billion of offtake agreements unveiled
Event witnessed the announcement of promising opportunities across 11 industrial sectors
Forum identified 300 products to be manufactured locally, contributing AED 6 billion to GDP annually
Agreements set to leverage purchasing power of 12 leading national companies
Abu Dhabi, UAE. 23 June 2022 - The Make in the Emirates Forum, organized by the Ministry of Industry and Advanced Technology (MoIAT) in cooperation with the Abu Dhabi Department of Economic Development (AD DED), has concluded with the signing of 32 agreements between government entities, industrial companies, and financing institutions. 1,800 stakeholders from the industrial sector and investors and 24 leading companies ......read more
Jashanmal will become the strategic partner of TCL and distributor of its wide range of home appliances and ACs in the region.
Dubai – June 23, 2022: TCL Electronics (1070.HK), the global No.2 LCD TV brand and a pioneer in consumer electronics and home appliances, has entered into a strategic alliance with Jashanmal, one of the leading retail groups in the GCC. The partnership will enable TCL to reach a wider customer base with its top-of-the-line home appliances and air conditioners (AC) for the first time in the UAE, Oman, and Bahrain.
The partnership with Jashanmal is part of TCL’s expansion strategy in the Middle East and Africa (MEA) region. Jashanmal will be a key partner for TCL in the region, launching their extensive range of home appliance products and newest FreshIN ACs as well as handling end-to-end ......read more
• Infracorp generates $17.4 million revenue during first three months of 2022
• Infracorp brings sustainable social infrastructure development platform to investors around the world
23, June 2022: Infracorp, the social infrastructure group recently announced by GFH Financial Group, achieves a net profit of $6.2 million on a revenue of $17.4 million during the first three months of 2022. Making its first financial disclosure since launching earlier this year, Infracorp reported it currently has $3 billion of assets under management.
Infracorp was established in January 2022 to bring sustainable social infrastructure development products to investors around the world, generating long-term returns and adding lasting value to communities. Eventually managing a portfolio of around $3 billion ......read more
The winner of the 81st weekly draw is the 23rd Mahzooz multi-millionaire
United Arab Emirates, Dubai, 22 June 2022: In just a short amount of time, Mahzooz, the leading weekly draw in the UAE, has created 23 multi-millionaires. Last week’s Grand Draw saw another lucky top prize winner. On Saturday 18 June 2022, Engin, an ecstatic Dubai expat who is originally from Turkey, scooped up the top prize of 10 Million Dirhams. To put the win into perspective, this prize money, could buy him a lifetime that is devoid of financial anxiety.
Engin was invited to the premises of EWINGS, Managing Operator of Mahzooz, to celebrate the win and to receive the cheque that will change his life immensely. At the media event, Farid Samji, CEO of EWINGS, said after presenting the cheque to the ......read more
DUBAI - February 24, 2022: QNET, the global e-commerce based direct selling company, has bagged five at the 2022 edition of AVA Digital Awards.
The five awards including two in the platinum category and three in the gold category, marks QNET's second consecutive year of multiple wins at the this coveted awards. QNET shared the stage with international brands like AT & T, BET ......read more
Intuitive app helps customers know the probability of a cheque to bounce
Dubai, UAE - 23, February 2022: Al Etihad Credit Bureau (AECB) announced the launch of ChequeScore, an innovative mobile application that allows both businesses and individuals to instantly know how likely a cheque issued through a UAE-based bank is to bounce.
“ChequeScore will help reduce the number of ......read more
Dubai - February 22, 2022: Zoho, the global technology company with the most extensive product portfolio in the industry, announced today that it has seen 58% growth in the UAE in 2021. The company has doubled its workforce in the country and increased its channel partner network by 48 per cent. The announcement was made during Zoholics Dubai, the company's annual user conference being ......read more
Dubai, UAE - February 21, 2022: Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, today announced that it will amp its efforts to upskill Emirati talent working in the banking and financial sector. This decision is in line with the announcements made by the UAE government to increase Emirati representation in the ......read more
• Diversified fund comprises basket of fixed income instruments from various GCC countries
20, February 2022: GFH Financial Group (GFH) has announced that is has launched and seeded a $100 million sukuk fund which holds a diversified portfolio of sukuk following signing agreement with Credit Suisse to provide attractive financing and fund administration services.
The ......read more
Gold Sponsor Sahab unveils Connected Worker and Smart Factory solutions to help make worksites safer, more efficient, and productive
Sharjah, February 16, 2022: Sahab Smart Solutions (Sahab), part of Sharjah Asset Management Holding portfolio, is showcasing two future-forward and agile smart solutions at UAE Innovates in Sharjah, celebrated from February 14 – 18, ......read more
Certificates reaffirm AFZ’s efficiency in Information Technology Service Management and Information Security Management Systems
AFZ achieves a total of six international certifications
February 15, 2022: Ajman Free Zone has secured two new certifications from ISO, proving the organization’s capability to adhere to the highest standards of quality, productivity, and ......read more
14 February 2022, UAE - Car buyers in the Middle East can look forward to virtually unhindered access to the increasingly popular MG range in 2022, with the brand confirming it has resumed production at almost full capacity, despite the global chip shortages being experienced by many manufacturers in the automotive industry. The British-born band is one of the only car makers operating at an ......read more
Abu Dhabi, 11 February 2022: UAE Banks Federation (UBF), the unified voice and representative of UAE Banks, has entered into a Memorandum of Understanding (MOU) with The Participation Banks Association of Turkey (TKBB), a leading representative association of Turkish banks, with the aim of exchanging expertise to support the banking sector and financial industry.
The MOU, which is ......read more
• Service offered from 13 locations across the Kingdom
• First Sri Lanka Passport Application Centre inaugurated on 06 February 2022 in Riyadh
• Customer can submit passport renewal application and/or collect renewed passports
The Embassy of Sri Lanka in the Kingdom of Saudi Arabia (KSA) has partnered with VFS Global to provide efficient passport renewal ......read more
Dubai, February 9, 2022: Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody's and A by Fitch successfully priced a landmark USD 750 million 5-year Sukuk issue with a profit rate of 2.74% per annum.
The deal represents the first Sukuk from the United Arab Emirates in 2022, paving the way for other issuers to access the international Sukuk market. DIB continues to be ......read more
Comprehensive measures to take Purposeful Growth Agenda to the next level
• Creating one multi-category platform for growth with around 10 billion euros sales
• Continued optimization of consumer portfolio: clear focus on core brands and businesses with attractive growth and margin potential and a stronger basis for M&A across consumer space
• Significant ......read more
Dubai – Feb 8, 2022: UAE-based investment banking advisory firm, Alpen Capital, launched its latest GCC Insurance Industry report on Tuesday, 8th February. The report provides a comprehensive overview of the GCC insurance sector and outlines the outlook, recent trends, growth drivers and challenges in the sector. It also profiles some of the renowned insurance companies in the ......read more
Courses offered range from social media marketing, English language skills, IT security and women empowerment
Dubai, 07 February 2022: The global e-commerce based direct selling company, QNET launched an innovative, learning platform called Qlearn on February 2, 2022 to promote and nurture lifelong continuing education.
In a statement, QNET said Qlearn has been launched with the purpose of ......read more
3, February 2022 – PETRONAS Lubricants International (PLI), a global leader in lubricant manufacturing, has announced a strategic partnership with Kavalani & Sons, the region's leading provider of industrial, construction, and marine equipment, that will give PLI access to Bahrain’s vast supply market by leveraging Kavalani’s renowned distribution network.
The ......read more
- Zoho achieves unprecedented growth for Workplace, its collaboration and communication platform, amidst the ongoing migration from Google Workspace and Microsoft 365 due to price increases
- Demand is driven by businesses' need to cut costs as they recover from the pandemic
Dubai - February 3, 2022: Zoho, a global technology company offering the most comprehensive suite of ......read more
Al-Futtaim Group shared the pillars, objectives, and tactics of its capstone Emiratisation programme SINYAR
The event was the first in a series which aims to foster collaboration towards meeting the UAE’s Emiratisation goals
Dubai, UAE - 03 February 2022: Al-Futtaim Group, the leading employer of choice for Emiratis in the private sector, hosted the Family Business Council ......read more
Intelligent Centralized Display Network Management Solution
Improves Performance, Reduces Complexity, Costs and Carbon Footprint
Dubai, February 03, 2022: LG Business Solutions Middle East and Africa and Canadian software company Userful are introducing an end-to-end, software-defined AV-over-IP solution that combines Userful’s Visual Networking ......read more
February 02, 2022- Whiteshield Partners, a global strategy and public policy advisory firm, has launched its Global Labour Resilience Index (GLRI) 2022 in collaboration with CEMS, a Global Alliance in Management Education comprising leading business schools, multinational companies, and non-government organizations (NGOs) that offer the CEMS Master’s in International Management.
The ......read more
Facilities management company first in the region to receive the latest edition of this international standard
February 2, 2022: ServeU, one of the UAE’s leading facility management (FM) organisations and a subsidiary of Union Properties – along with its business unit Ehkam, became the first FM firm in the region to achieve the ISO 22301-2019 certification. The company received the ......read more
February 02, 2022: The Ministry of Finance in the UAE has announced its new Corporate Tax structure which will come into effect starting June 2023, what impact will this have on businesses within the region.
The UAE is currently aligning with international policies and guidelines and changing policies which will help keeps its economy in a profitable bracket going forward, the 9% ......read more
Dubai, UAE - January 31, 2022: A small yet wholesome family gathering ensued once Emirati national, Abdullah Kazim, was told of his winnings of AED 77,777 with Emirates Draw despite trying his luck multiple times. He was among the 478 winners who received a total of AED 733,306 in prize money during the draw’s live stream announcement on Sunday, January 23, 2022.
Though a ......read more
Inspired by international players, the region’s first lifestyle-based health insurance solution incentivizes engagement in wellness activities to promote a healthy lifestyle and build healthier communities while guaranteeing optimal protection
Dubai, UAE: Starting February 2022: individuals, SMEs and corporates in the UAE can explore a brand-new, digital-first, wellness-backed ......read more
The Board of Directors recommends the distribution of AED 240 million cash dividend:
Q4 profit remarkably jumps 269% to AED 65.7 million resonating the strong improvement in trading value
H.E. Helal Al Marri sheds light on key developments and promising prospects:
• DFM ushers in a new chapter supported by leadership’s vision and the numerous ......read more
Dubai, UAE - 31st January 2022: Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for year ending 31st December 2021.
• Strong Growth in Operating Income & Net Profit
o Operating Income has increased by 12.8% over the previous year to AED 5.8 billion due to increased Net Interest ......read more
By 2022, the Number of Global Public EV Chargers Will Total 2 Million Units
DUBAI, UAE - January 31, 2022 – Six million electric cars (battery electric and plug-in hybrid) will be shipped in 2022, up from 4 million in 2021, according to a new forecast by Gartner, Inc.
“At COP26 in November 2021, the Zero Emission Vehicle Transition Council agreed that ......read more
Dubai, UAE, 30 January 2022: Arab Bank Group closed 2021 reporting net income after tax of $314.5 million as compared to $195.3 million in 2020, recording a growth of 61%. Group equity grew to reach $10.3 billion.
The Board of Directors has recommended to the shareholders the distribution of 20% cash dividends for the financial year 2021.
Arab Bank consolidated the financial statements of ......read more
Dubai - 28 January 2022: Ms. Malou Caluza, Chief Executive Officer (CEO) of e-commerce based direct selling organization QNET, has been named the winner of Bronze Stevie® Award in the Female Executive of the Year category of the 18th annual edition of Stevie Awards for Women in Business.
QNET won the award in the Female Executive of the Year category for Consumer Products for ......read more
Memorandum of understanding was signed at the iktva 2022 Forum & Exhibition
January 27, 2022 – Emerson (NYSE: EMR) signed a memorandum of understanding with Saudi Arabian Oil Co. at the iktva 2022 Forum & Exhibition recently. The agreement reinforces Emerson and Saudi Aramco’s partnership in advancing localization initiatives in the Kingdom of Saudi Arabia.
The signing ......read more
Arab countries are ranked third in the top recipients of Brazilian exports, reaching USD 14.42 billion in 2020
Exports from the Arab countries to Brazil show a growth of 82.8 per cent
January 26, 2022- Brazilian exports to the Arab world have grown by 26.1 per cent, making it the third largest importer of Brazilian exports and the fifth largest exporter to Brazil, according to the ......read more
o Net Profits up by 39% YoY to reach to AED 4.4 billion
o OPEX lower by 7% YoY with a sector leading cost-income ratio of 26.8%.
o Significant decline in impairment losses of 46% YoY.
o Healthy liquidity with Finance to deposit Ratio of 91%
o Proposed dividend of 25% subject to shareholder approval in AGM.
Dubai, January 26, 2022: Dubai Islamic Bank (DFM: ......read more
In partnership with the Ministry of Culture and Youth, Sheraa and Alef Group launch new edition of Access Sharjah Challenge; calls for breakthrough solutions from homegrown brands to boost local economy
• Prize pool of AED 500,000 and comprehensive support offered to winners is worth AED 2.5 million
• Applications for ‘Access Sharjah Challenge – Al ......read more
Global debut of the range of products that guarantee to safeguard digital life showcased at the Swiss Pavilion
Dubai, United Arab Emirates, January 24, 2022: The Swiss technology company FERRONATO KGS GROUP, which specialises in industrial metallised fabrics, forayed into lifestyle domain with the global launch of a new smart accessories brand – FERRONATO – at the Swiss Pavilion, ......read more
Pangaea X is the first-of-its-kind platform in the industry that connects data analytics seekers with the world’s best data professionals
Dubai, United Arab Emirates, January 2022: Pangaea X, a ‘first-of-its-kind’ Data Analytics platform has launched ‘Virtual Teams,’ a game-changing feature that allows freelancers to work together on different projects. ......read more
Empowering over 5,000 youth in Africa to build their entrepreneurial and employability skills
Dubai, United Arab Emirates, 24 January 2021: INJAZ Al-Arab, a member of Junior Achievement (JA) Worldwide, the world’s largest non-profit business education organization, has announced the strengthening of its partnership with Boeing. The partnership expansion, which falls under the ......read more
Arrangement will fund construction at villa complex and major school at the 24 million sqft mixed-use community in Muwaileh
Ajman Bank has signed a financing agreement with local developer Arada that will provide AED 152 million to finance the construction of two key projects within the fast-growing Aljada mixed-use community, Sharjah’s largest ever megaproject. The arrangement ......read more
January 24, 2022- Arab-Brazilian Chamber of Commerce (ABCC) spotlighted the growing importance of the digital economy in global trade and as an impetus of economic growth during the Annual Coordination Meeting of the Joint Arab Foreign Chambers of Commerce. The meeting held recently at the office of the Secretary-General of the Arab League underscored the significance of digitalization ......read more
• Offers 212 luxury premium living studio, one and two-bedroom units ranging between 390sq ft - 1800sq ft sq. feet
• Unit process starts at AED 426,000 reaching up to AED 1,300,000
Dubai, January 20, 2022: One of the leading Dubai-based luxury residential developers, Iman Developers launched their latest project in Jumeirah Village Circle (JVC), bringing to Dubai’s ......read more
• Customers in the UAE can visit the Visa Application Centres from Monday to Friday; Centres remain closed on Saturday and Sunday.
• Philippine ePassport Renewal Centre continue to operate 7 days a week.
• Customers can opt for Visa At Your Doorstep service for greater flexibility in visa application.
In alignment with the UAE ......read more
Dubai, January 17, 2022: Verloop.io, the leading specialist in conversational AI for customer support, announced today that it has partnered with Vonage, a global business cloud communications leader helping businesses accelerate their digital transformation, to enable Verloop.io customers to deploy their conversational AI applications into new channels by leveraging Vonage’s communications ......read more
Saudi Arabia is not exactly the friendliest of environments when it comes to online gambling. Since this is the Middle East, this hardly comes as a surprise. There is, however, a beacon of light; with the proper knowledge, you can gamble online in the region without invoking the ire of the local authorities, and we’re going to show you how.
The secret sauce
Although you won’t ......read more
Dubai, 13 January 2022: As UAE’s Indian Business and Professional Council (IBPC) formed under the aegis of Dubai Chamber of Commerce and Industry will be staging their first and flagship event of 2022 – IBPC Retail Conclave, on 12 January 2022.
The high-profile business networking event will take place at Taj Dubai in Business Bay with the ambition of striving to provide a platform ......read more
Dubai, January 13, 2022: In a bid to support creative talents based in the emirate, Dubai Culture and Arts Authority (Dubai Culture) signed a cooperation and partnership agreement with Zoho Corp., a global technology company. The agreement aims to support the emirate's creative entrepreneurs through their digital transformation journey, enhance the efficiency of their business, and simplify ......read more
Dubai - January 12, 2022: Zoho Corp., a leading global technology company, has announced the shift to the UAE's working week in its Dubai headquarters office. Effective January 2022, Zoho will operate from Monday to Friday. The announcement comes in line with the UAE federal government's announcement to align with global markets.
"As a company operating on a ......read more
• Global growth for 2022 will slow to a more normal state
• Rise in number of Covid cases and new variants seen as a headwind
• Continued supply-chain disruptions and an upsurge in demand threaten to keep inflation high
• Higher volatility expected as markets process the slowdown in growth and gradual tightening of monetary policy
Dubai, UAE – 11 ......read more
Dubai, United Arab Emirates – January 10 2022: Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premise environments, has been selected by United Arab Bank (UAB) to implement Commvault Complete Data Protection, with built-in ransomware protection for all their workloads, across the whole organisation.
United ......read more
Ras Al Khaimah, 10 January 2022: Ras Al Khaimah Economic Zone (RAKEZ) ties up with RAKBANK to facilitate opening of bank accounts for RAKEZ clients through a digital kiosk within its one-stop shop service centre in Al Hamra, Ras Al Khaimah. The new kiosk allows clients to complete their application on the spot, without the need to visit a RAKBANK branch.
RAKBANK’s Quick Apply kiosk ......read more
More than 300 senior government officials, Chief Information Officers, IT experts, ICT companies, public policy-makers, and suppliers will brainstorm at a two-day conference from Feb 15-16, 2022, to unlock a $3 trillion open-data opportunity
1. Governments can play a key role as data providers helping to unlock a $3 trillion open-data opportunity for the ......read more
January 05, 2022: VARDHMAN Realty, UAE’s leading property investment and asset managers and an established name in the realty industry recently signed up Indian film star Priyamani as its brand ambassador. Announcing this Mr. Jiten Varia, the Founder and Chairman of VARDHMAN Realty said that the signing up reflected the growing plans for VARDHMAN Realty. According to Ms. Priyamani, ......read more
• The new data centres will support the UAE’s digital transformation journey by catering to the rising demand for secure data storage
• Enterprises can benefit from advanced digital infrastructure across new strategic locations in Dubai
January 04, 2022, Dubai, UAE: Dubai Internet City, the region’s largest hub for technology companies and talent, ......read more