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    Featured in Banking and Investments
    Adnec Group Receives Bsi Kitemark for Innovation Management, Becoming the First Entity to Receive This Certification in the Exhibition Management Sector Worldwide

    - This comes as part of the Group’s efforts to adopt long-term innovation to achieve continuity and efficiency in operations Abu Dhabi, UAE, 22nd of March 2023: ADNEC Group has been awarded with the BSI Kitemark Innovation Management Certification, which is a prestigious global certification offered by the British Standards Institution (BSI) to organisations that embrace innovation to drive continued growth in their operations and investments. The certificate was received in the presence of Humaid Matar Al Dhaheri, Managing Director and CEO of ADNEC Group, as he welcomed a number of officials from the BSI at the Abu Dhabi National Exhibition Centre. ADNEC Group is the first entity in the Exhibition Management sector worldwide to receive this prestigious certification, which is based on the international standard for more

    Bayzat's HR Solutions Empower Saudi Companies

    Jeddah:  In Saudi Arabia, Bayzat’s integrated HR platform is revolutionizing the work-life experience for organizations, bringing efficiency to business operations and transformative benefits for employees.   Through a single platform, HR, Payroll & Employee Benefits platform companies can invest in the well-being and health of their employees and create a world-class employee experience that enhances their productivity and loyalty.   Talal Bayaa, the CEO and Co-Founder of Bayzat, said: “Bayzat is an all-in-one HR, payroll, insurance and employee benefits platform that will benefit employers and employees across Saudi Arabia. We are redefining the way work works for the better, making a world class employee experience a possibility for all businesses.”   The application facilitates more

    MBZUAI and IBT Join Forces to Tackle Challenges in Brain Health

    Abu Dhabi, UAE, March 20, 2023: Infinite Brain Technologies (IBT) and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have this week entered a five-year research and development agreement. The two industry thought leaders will form a joint research lab in order to develop precise, personalized Digital Therapeutics (DTx) for human brain health by optimizing the power of artificial intelligence technologies. The collaboration looks to capitalize on IBT capacity in the development and commercialization of digital therapeutics alongside MBZUAI expertise in artificial intelligence, with the ultimate goal of realizing powerful, personalized brain and mental disorder treatments. "The marriage between brain science and AI technology will lead to critical breakthroughs in brain health. The collaboration between IBT and more

    Testament to its Success Evolution, MBRU Granted Four More Years of Full Institutional Accreditation from Saudi Commission for Health Specialties

    SCFHS accreditation now applies to all residency postgraduate training programs offered by MBRU March 20, 2023: Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU) has been granted full institutional accreditation by the Saudi Commission for Health Specialties (SCFHS) for four more years.  The renewed SCFHS accreditation now extends to all postgraduate residency and fellowship programs provided by the Deanship of Postgraduate Medical Education at MBRU. The training for the accredited programs will take place at Dubai Academic Health Corporation (DAHC) healthcare facilities, including Rashid Hospital, Dubai Hospital, Latifa Women & Children’s Hospital, Al Jalila Children’s Specialty Hospital, Hatta Hospital, Dubai Dental Hospital, and other primary care and specialized health centers. more

    LG MEA Brings to the Region Innovation-Packed Home Entertainment Line-Up

    The product line-up was revealed during the flagship LG Showcase MEA 2023 event    DUBAI, March 20, 2023 – LG recently welcomed its executives, guests and partners for the opening of the LG Showcase MEA 2023. The grand event acted as a platform for LG to showcase its latest innovations and solutions, while also providing visitors with the chance for a hands-on experience with each product. During the course of the event, held in Habtoor City Dubai, over 400 guests got an exclusive look at the latest technological innovations that will be making its way into the MEA region. The showcase event also featured a dedicated area to exhibit their latest products and solutions that highlight the brand’s approach of creating customer-centered innovations for a better life.  A key focus area during the exhibition more

    Dukhan Bank Announces the March Draw Winners of its Thara'a Savings Account Prize

    Doha, Qatar – 20, March 2023 – Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.  As the draw results showed, the bank clients Safiya Al-Zeyara and Leena Kordia each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Wasmiya Al-Haslan, Mohammad Shamimuddin, Irfan Ali, Mahmoud Elzamli, Azeema Khan, Abdalla Hammo, Safeya Askar, Shafiq Azam, Aysha Ahmedi, Firas Alkahtib, Sajid Atique, Mohammed Abduzzahar, Mahmoud Al-Mahmoud, Ali Chaear, Waleed Alsayadi, Ayham Alrebdawi, Noora Al-Sulaiti, Muhammad Muhammad, Eleen Elbatneagy, Amal Al-Haddad, Jabir Pilarath, Meshaal Al Abdulla, Aisha Al-Motawa, Kiran Patnayakuni, Khalid Al-Ansari, Mohamed  Zouroup, more

    Burgan Bank Resumes its Sponsorship of Dar Al-Athar Al-Islamiyyah's 27th Cultural Season

    As part of its ongoing efforts towards raising the bar of community welfare and enhancing the cultural experience in Kuwait Kuwait, 20 March 2023:  Burgan Bank is continuing its sponsorship of Dar Al-Athar Al-Islamiyyah’s (DAI) 27th cultural season; an effort that stems from the Bank’s committed social responsibility program and its special focus on the development of Kuwait’s culture scene. The sponsorship of DAI’s 2022/2023 season marks a major milestone for Burgan’s 2023 social calendar - and builds upon the Bank’s broad range of strategic social partnerships. The latest edition of the DAI cultural season includes an array of diverse cultural and musical events and activities. Amongst the many notable events: an evening with the esteemed pianist and composer Evgeny Khmara, in partnership more

    QIC holds its General and Extraordinary General Assembly Meetings

    Doha, 20th March 2023 - QIC Group, the leading insurer in Qatar and the MENA region, held yesterday, Sunday, 19th March, the General and Extraordinary General Assembly Meetings at its headquarters in Al-Dafna.  The meetings were chaired by Sheikh Hamad bin Faisal bin Thani Al Thani – Member of the Board of Directors – and were attended by members of the executive management, shareholders, and representatives of regulatory authorities. The meeting discussed the Board of Directors' report on the company's activities and financial position during the year ended 31/12/2022 and the company's future plans. Additionally, the meeting approved the auditors' report on the company's financial statements; the company's balance sheet and profit and loss account for the year 2022; and the more

    120th Mahzooz draw crowns second GUARANTEED weekly millionaire

    Lucky numbers were 4, 15, 26, 27 and 38 Draw sees 1,420 winners take home AED 1,548,000 New millionaire bagged the raffle draw prize of AED 1,000,000 as part of Mahzooz’s new prize structure   19 March 2023, Dubai, UAE: In its 120th weekly draw, Mahzooz, the UAE's favourite weekly draw with the biggest and most frequent pay-outs, crowned the second GUARANTEED winner of AED 1,000,000, as part of its newly launched prizes and saw 1,420 participants take home AED 1,548,000   While the new top prize of AED 20,000,000 went unclaimed this week, 27 participants matched four out of the following five numbers 4, 15, 26, 27, 38, and shared the second prize of AED 200,000, earning AED 7,407 each. 1,392 other winners matched three out of five numbers and received AED 250 each.    As part of more

    Alford Hughes Hosted an Event with Sanjay Hinduja of the Hinduja Group to Introduce The OWO Residences by Raffles

    Doha, Qatar - Alford Hughes owners, Mohammed Akbar Al Baker and Hussain Akbar Al Baker, recently hosted a grand event in partnership with Sanjay Hinduja of the Hinduja Group to introduce The OWO Residences by Raffles in London. The event was held at Raffles Doha, and was attended by distinguished guests, including H.E. Akbar Al Baker and H.E. Jonathan Wilks, British Ambassador to Qatar.  Hussain Akbar Al Baker, co-owner of Alford Hughes noted "Hosting our event at Raffles Doha in partnership with Sanjay Hinduja and The Hinduja Group was a wonderful opportunity to showcase this one-of-a-kind project to our network in Qatar."  Built in 1902, the OWO is set in a magnificent Edwardian Baroque structure formerly known as the Old War Office. This historic building survived both World Wars and was once where British more

    Dubai Islamic Bank Shareholders Approve 30% Dividend for 2022

    Dubai, March 16, 2023:  Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest Islamic bank in the world, concluded its Annual General Assembly (AGM) with the approval of the bank’s 2022 financial statements and other tabled resolutions, demonstrating the confidence of the shareholders in the bank's Board and management's strategic agenda for the coming years. The strong financial results reported this year are a further testament to DIB’s role as a leader in the development of Islamic Finance in a year of exceptional global uncertainty. Supported by a solid growth in the total income, the bank’s net profit reached the highest ever in the bank’s history with a 26% surge in 2022, and a balance sheet of AED 288 billion, culminating in a five-year CAGR of 7%. This more

    Monsha'at and Zoho to Accelerate SMEs' Digital Transformation and e-commerce Adoption

    - Saudi’s SMEs authority Monsha’at and Zoho to accelerate digital transformation and e-commerce adoption in the SMEs sector  - Under this agreement, the SMEs enrolled in Monsha'at’s Mazaya Programme can gain access to Zoho's 55+ cloud-based business solutions with a wallet credit worth USD 2500. - Monsha’at will facilitate online and offline digital training of Zoho’s products through the Monsha’at Academy and Thakaa Center.   Dubai – March 16, 2023 - In line with the national digitalisation agenda under the Saudi Vision 2030, the Small and Medium Enterprises General Authority (Monsha’at) and Zoho Corp., a leading global technology company, announced the signing of a Memorandum of Understanding (MoU) that aims at supporting 30,000 small and medium enterprises more

    Sanad Group takes off with Edelman

    • A new press office has been set up for Sanad as it drives its strategy to become a global industrial services champion for Abu Dhabi and Mubadala Investment Company.   • Sanad Group is wholly owned by Mubadala Investment Company and has over 35 years of experience in providing maintenance, repair, and overhaul (MRO) services for commercial aircraft engines in addition to providing linked financing solutions. Sanad services engine models including the Rolls-Royce Trent 700, IAE V2500, and next generation engines such as the GEnx among others.   • Headquartered in Abu Dhabi with offices in Zurich, Sanad provides flexible, innovative and tailored solutions to a growing global customer base, which includes airlines such as Etihad Airways, American Airlines, Emirates Airlines, Saudia Airlines, Wizz Air, more

    KIB Awarded ISO Certificate for Information Security for the 9th Year Consecutively

    Kuwait, 15 March 2023 - Kuwait International Bank (KIB) has received the international ISO 27001:2013 certificate for information security management systems for the 9th year consecutively. This important achievement is a testament to KIB’s unwavering commitment to the highest international standards that govern the level of efficiency of the security systems implemented by the Bank across all its services and sectors, in a way that guarantees the safety and security of customer data, in addition to being clear evidence of the Bank’s adoption of the latest technologies in this field. Speaking on this occasion, Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department at KIB, said: “At KIB, we are proud to continue our compliance for the 9th year  as the renewal of this more

    Burgan Bank First Bank in Kuwait to Launch Biodegradable, Braille-Friendly Debit Cards

    Reinforcing inclusivity and guaranteeing a streamlined banking experience for all customers   Kuwait, 16 March 2023:  Burgan Bank announced the launch of a new biodegradable debit card especially designed to facilitate transactions for its visually impaired customers as it continues to innovate its solutions to provide a streamlined, elevated, and inclusive banking experience to all. The card delivers on Burgan’s core objectives of its comprehensive strategy – namely sustainability, product innovation and inclusivity, ensuring greater accessibility to specially-abled customers, whilst simultaneously promoting environmentally conscious practices. The card utilizes a touch card feature with a rounded notch on the right side of the card to make it easy-to-use for visually impaired customers, helping them more

    Panasonic Boosts Revival Strategy In Saudi Arabia With The Appointment Of Business Partners

    Following the recent appointment of Ahmed Abdulwahed and Modern Electronics as partners, Panasonic steps up further to optimally serve the growing market in the Kingdom as it also forms alliances with Modern Enterprises Expert Trading, Saudi Emirates Fraternity and Al Babtain Trading   Riyadh, Kingdom of Saudi Arabia:  Panasonic Marketing Middle East & Africa (PMMAF) announced today that it is expanding its distribution line-up in Saudi Arabia as it looks to revive its footprint in the Kingdom and establish the right level of resources to meet the growing demand for its industry-leading products and solutions.   Just recently, Panasonic also revealed that it has formed business alliance with Ahmed Abdulwahed Trading Co (AAW) as its new distributor for small domestic appliances in Saudi Arabia, and Modern more

    Abu Dhabi-based Technology Innovation Institute Introduces Falcon LLM: Foundational Large Language Model (LLM) outperforms GPT-3 with 40 Billion Parameters

    • Enables On-Premises Solutions for Companies and Governments to maintain data privacy • Falcon LLM advances UAE’s sovereign capabilities in AI with proprietary LLM   Abu Dhabi-UAE: 15th March 2023 – The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), has upped its generative AI credentials with the launch of “Falcon LLM,” a foundational large language model (LLM) with 40 billion parameters. AI and Digital Science Research Center’s (AIDRC) AI Cross-Center Unit, the team behind building Noor the world’s largest Arabic language model, builds Falcon LLM, the 40B model which outperforms GPT3. Falcon LLM 40B model is trained on one trillion tokens. The more

    Capital Club Dubai Marks 15 Years as the Region's Only Private Business Club

    It is an institution. It is the voice of business. 15 years and growing strong. Dubai, UAE, 7 March 2023:  Capital Club Dubai will be celebrating its 15th anniversary on 17 March 2023 as the region's sole private business club. This remarkable milestone is a testament to the club's commitment to providing its members with exceptional services, experiences, and networking opportunities over the years. Supported by prestigious names such as Rocco Forte Hotels, Citi, and IRAM Jewelry, the 15th-anniversary celebration symbolizes the Club's unwavering dedication to its members. In its first year, the Club had 200 members and a handful of employees. Today, with more than 1,200 members and 100 employees, the Club has demonstrated a significant expansion. The journey has been accompanied by some major changes since the more

    National Bank of Fujairah to give Insights into the Outlook for the Marine Industry at a Pivotal Time

    NBF will participate in FUJCON 2023 in Fujairah, including key session on first day Dubai – 15 March 2023 — National Bank of Fujairah (NBF) announces its participation in this year’s Fujairah Bunkering & Fuel Oil Forum (FUJCON 2023), which runs from 13th – 15th March. The event will be a chance for stakeholders in the downstream oil and marine industries to explore the theme of ‘the Maritime Energy Transition and Future Fuels’, with NBF’s participation reflecting its longstanding experience and deep expertise in both sectors. Organised by global industry analysts S&P Global, the thirteenth edition of the forum will be held under the patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, member of the UAE Supreme Council and Ruler of Fujairah.  Speaking on the more

    SEDCO Capital Delivers 41% Net Return to Investors Following the Successful Exit of its Built-To-Suit Real Estate Fund I

    Jeddah, Saudi Arabia, 14 March 2023: SEDCO Capital, a global Shariah-compliant and ESG-led asset management and investment advisory firm (or “the Firm”) has successfully exited its SEDCO Capital Built-to-Suit Real Estate Fund I (or “the Fund”), delivering a 41% net return on invested capital.  The Fund commenced operations in mid-2018, acquiring two education- zoned plots – in Jeddah’s Al-Shati District – to develop two educational campuses (on a Built-To-Suit basis) for girls and boys (“the Properties”) to be operated by Al-Yusr International School Company (“the Tenant”).  Following growing market interest in acquiring the Properties, the Fund’s Board approved their divestment in line with the Fund’s exit strategy. SEDCO Capital will more

    Burgan Bank Conducts Emergency Evacuation Drill for Staff at its Head Office

    To raise awareness among its employees and ensure their safety Kuwait, 15 March 2023:  Burgan Bank recently conducted an emergency evacuation drill for its employees at its head office. The drill came within the framework of the Bank’s willingness to train and educate employees on the proper steps of the evacuation process, to ensure their safety and security in emergency situations. The evacuation, which was supervised by a team from the Kuwait Fire Force, helped evaluate employee response time, as well as understand potential gaps and areas for improvement. The staff underwent comprehensive training on how to manage disasters or accidents. Part of the exercise also involved the simulation of a fire in the building and a situation wherein few individuals were trapped and injured on one of the floors. Following the more

    ABK Announces Abdulaziz Ahmad Al Khubaizi as Winner of Weekly Draw Prize of KD 10,000

    Kuwait,  March 2023: Al Ahli Bank of Kuwait (ABK) announced Abdulaziz Ahmad Al Khubaizi as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 13 March 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.  The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only. ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 20 March 2023. The higher the more

    "KIB" Provides its Corporate Clients with KIBPay Service for Higher Efficiency in Fund Collecting

    Aiming at offering its customers the latest digital banking solutions   Kuwait, 14 March 2023: Kuwait International Bank (KIB) announced it will now be offering its KIBPay service to its corporate clients as part of the Bank’s strategy to provide its customers with access to digital banking services - that meet their needs in a safer and easier manner.  KIB’s corporate clients can now benefit from KIBPay to collect funds from their partners following easy and simple steps. With this new process, customers can now receive the money within minutes, either through the smartphone application or by sharing the payment link via email, WhatsApp, or other applications that support the service. Commenting on the occasion, Mr. Hesham Al-Mubaraki, General Manager of Wholesale Banking at KIB, said: “We are more

    SCCI Invites Businesses to Register for the 33rd Sharjah Ramadan Festival

    Kicks off on March 22 Sharjah, 14 March 2023:  The Sharjah Chamber of Commerce and Industry (SCCI) called on all shopping centres, shops and central markets to register for the 33rd Sharjah Ramadan Festival (SRF) 2023, which runs from March 22 until April 25 in various cities and regions of the Emirate of Sharjah. The event's Organising Committee revealed that the SRF succeeded, over three decades, to establish itself in a leading position among similar events, being a key annual promotional and marketing event dedicated to celebrate the holy month of Ramadan and Eid Al Fitr. The OC called upon all businesses in the emirate to seize the great opportunities of the festival's advantages and facilities. Ibrahim Rashid Al Jarwan, Director of the SCCI's Economic Relations Department and the festival's general more

    The Abu Dhabi Sustainability Group Organised a Digital Hiwar Session on 'The Path to a Nature-Positive Future'

    This Hiwar (Arabic for dialogue), is part of a series of events and activities that the Abu Dhabi Sustainability Group (ADSG) hosts to accelerate knowledge mobilisation among its members and stakeholders, empowering various sectors in the Emirate to engage and support the delivery of the UAE Government’s agenda to tackle biodiversity loss and achieve Net Zero by 2050.   Abu Dhabi, 13 March 2023 – The Abu Dhabi Sustainability Group (ADSG), with the support of the Environment Agency – Abu Dhabi (EAD) and in collaboration with Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainable development hosted by Masdar, held a digital knowledge sharing session on the ‘Path Towards a Nature-Positive Future.’  The session was held on 2nd March, 2023 in Abu Dhabi to more

    Shufti Pro Announces Major Appointments to its Dubai Executive Team

    London, UK – March 13, 2023 – One of the leading identity verification service providers across the globe, Shufti Pro, has a talented team working in Dubai, led by Ahmad Jamal (the Head of MENA Sales), that has been helping companies prevent fraudulent attacks and meet KYC & AML regulations.   Shufti Pro has opened six international offices in the USA, UK, Sweden, Hong Kong and Cyprus in just a short span of five years. Any local company or representative can visit the Dubai office at this location. Shufti Pro aims to expand more and help new & existing businesses by helping them strengthen their identity verification processes & making them avoid compliance failures.   Shufti Pro’s team working in Dubai has the potential to set benchmarks by helping a plethora of firms enhance their more

    KIB Delivers Seminar on the Foundations of Real Estate Investment and Evaluation at Kuwait University's College of Architecture

    Kuwait, 11 March 2023: In a continuation of its strategy of developing future generations and expanding their expertise, Kuwait International Bank (KIB) delivered an academic lecture at the College of Architecture at Kuwait University. The seminar, presented by a team from the Real Estate Department,  came in response to the College’s invitation to discuss the foundations of investment and real estate evaluation, and took place at the University’s headquarters in Adailiya in the presence of several members of its teaching board and a large group of students.  Speaking at the seminar, Eng. Fahed Al Saleh, Manager of the Real Estate Advisory Division at the Bank’s Real Estate Department, and Eng. Basil Salem, Senior Real Estate Resident Engineer in the Bank’s Real Estate Appraisal Department, relayed more

    Forescout Addresses Modern SecOps Challenges with Launch of Forescout XDR

    New eXtended Detection and Response Solution is 450X more efficient than typical SOCs at converting telemetry and logs into actionable alerts   Dubai, United Arab Emirates – Forescout Technologies Inc., the global leader in automated cybersecurity, today unveiled Forescout XDR, to help enterprises better detect, investigate, and respond to the broadest range of advanced threats, across the extended enterprise.   A typical SOC is flooded with 450 alerts per hour1, and analysts waste precious time trying to correlate low fidelity alerts and chasing false positives, often at the expense of focusing on legitimate attacks. Until now, a security operations center’s (SOC) field of view for threat detection and response has excluded critical devices that are increasingly common points of attack, including operational more

    Gulf Capital Receives Full Asset Management Licence from the Financial Services Regulatory Authority in Abu Dhabi and Establishes its Global Headquarters in ADGM

    Abu Dhabi, March8, 2023 - Gulf Capital, one of the largest and most active Private Equity firms investing from the GCC to South and Southeast Asia, has today announced that it has been awarded a Financial Services Permit (FSP) from the Financial Services Regulatory Authority (“FSRA”) of the Abu Dhabi Global Market (“ADGM”). The newly granted licence will enable Gulf Capital to manage assets and funds as well as to perform other regulated asset management activities in or from the Abu Dhabi Global Market. Launched in Abu Dhabi in 2006, Gulf Capital has now offices in Abu Dhabi, Dubai, Riyadh, Cairo, and Singapore, with its newly inaugurated global headquarters based in ADGM. The company, which was launched in Abu Dhabi in 2006, has a solid and long track record of investing private capital to build global more

    Mena CSR Report 2022: UAE, KSA Continue to Take the Lead in Regional CSR'

    • Cicero & Bernay Communication Consultancy and 3Gem Research & Insights launch the third edition of the annual regional corporate social responsibility survey report. • Members from other countries nominated the UAE as the most active in CSR.   Dubai, UAE, 9 March 2023: Cicero & Bernay Communication Consultancy (C&B), a leading MENA agency headquartered in Dubai, in partnership with 3Gem Research and Insights, a global research partner, is proud to announce the third edition of its annual MENA CSR Report 2022.  In recent years, countries in the Middle East have started to take significant steps towards fostering a culture of social responsibility, with the UAE and KSA leading the way in promoting sustainable and socially responsible practices. The 2022 report also highlights a positive change more

    ABK Announces Marites Saipuddin Corpuz as Winner of Weekly Draw Prize of KD 10,000

    Kuwait, 9 March 2023: Al Ahli Bank of Kuwait (ABK) announced Marites Saipuddin Corpuz as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 6 March 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.  The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only. ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 13 March 2023. The higher the deposits more

    Qatar Insurance Group honored at the Samla Race 2023 award Ceremony

    Doha, 09th March 2023 - Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA Region was honored for its role as an official sponsor of the fifth edition of the Samla race during the 2023 Samla awards ceremony that was held last Tuesday honoring the champions, sponsors and the entities that contributed to the success of annual national endurance competition. The sponsorship comes as part of the Group's corporate social responsibility and its keenness to support the national sports agenda. Accepting the award on behalf of QIC was Mr. Rashid Al-Buainain, Group Chief Administrative Officer of QIC, who said on the sponsorship in an interview with Al-Kas sports channel, “For all the success that Qatar Insurance Group has achieved over the years, we have not lost sight of our social responsibility. CSR is a core more

    Corcom Inks Two Major Deals to Promote Cricket Globally

    Dubai – March 08, 2023: Corcom Media Ventures, a Dubai-based global sports and entertainment management company has recently signed major deals with top cricketing boards / associations around the world which includes the Board of Control for Cricket in India (BCCI) and the Africa Cricket Association (ACA). These deals are poised to have immense significance in the growth and development of the Cricket in the entire continent of Africa and globally, as well as the increase in tourism in the Middle East/ Saudi Arabia.  Corcom Media Ventures has signed a 10-year multi-million-dollar deal with the ACA to organize, host, produce, distribute, and monetize upcoming cricket tournaments in Africa. The partnership starting in 2023 includes popular tournaments like the Mens Africa Cup T20, Women’s Africa Cup T20 and African more

    dans Organised the Corporate Innovation Program to Foster Innovation Environment among its Employees

    • Mohammed Ahli: Innovation is our top priority in this digital era; committed to innovation to improve our services to match the global standards  • Employees encouraged to suggest innovative ideas to win valuable prizes   March 08, 2023, Dubai, United Arab Emirates:  A new innovation programme has been launched by Dubai Air Navigation Services (dans) that provides air navigation services and air traffic control for four airports of Dubai and the Northern Emirates. This programme is part of a larger dans Corporate Innovation programme.   The Air Navigation Service Provider is looking for involvement from its staff to submit their creative thoughts and recommendations to enable dans to flourish as a premier Air Navigation Service Provider. The employees are being encouraged to join in the more

    Burgan Bank Sponsors and Participates in the “Ooredoo SME Marketplace”

    Kuwait, 7 March 2023:  Burgan Bank recently sponsored the Small and Medium Enterprises Marketplace event, organized by Ooredoo Kuwait in conjunction with the celebrations of Kuwait's national holidays. This came as part of the Bank’s continuous commitment to its strategy of supporting various businesses, especially small and medium enterprises. Burgan’s sponsorship also comes as part of its commitment to keep pace with and advance the aspirations of Kuwaiti youth and qualify them to be effective and real players in driving the economy of Kuwait, in order to achieve sustainable development. Burgan Bank participated in the Marketplace with a special booth, in which it showcased its innovative and specialized banking business solutions designed for business owners and the commercial sector. Among such services is more

    Al Hassan Ghazi Ibrahim Shaker Co. Reports 19.72% Increase in Net Profits for FY22

    Shaker achieves strong FY22 earnings growth, continues strategic investments in KSA and expansion with LG partnership   Riyadh, Saudi Arabia, 07 March 2023: Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker”, the “Group” or the “Company”), Saudi Arabia’s leading importer, manufacturer, and distributor of Air Conditioners and Home Appliances, announced its financial results for the full year 2022, marking a period of continued transformation and growth across its operations.      Full Year 2022   • Revenue of SAR 1.04 billion, up 3.44% on FY21, driven by strong growth in the HVAC solutions segment. • Gross profit of SAR 237.64 million, up 10.24% on FY21, driven by higher sales and portfolio mix optimization. • Operating income of SAR more

    Mubadala and Stone Point Capital Announce Agreement to Purchase Minority Stake in Truist Insurance Holdings, Valuing the Business at $14.75 billion

    20% stake for $1.95 billion positions Truist Insurance Holdings for long-term success and growth Abu Dhabi, UAE – 7 March 2023 – Mubadala Investment Company, the Abu Dhabi based investment company, announced that it has partnered with primary investor Stone Point Capital, a leading private equity firm focused on the global financial services industry, alongside other co-investors, to purchase a 20% stake for $1.95 billion in Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation (“Truist”; NYSE: TFC).  Based in Charlotte, North Carolina, Truist Insurance Holdings is the sixth-largest insurance broker in the U.S. and operates more than 240 offices through its subsidiaries. The transaction represents an aggregate value of $14.75 billion for Truist Insurance Holdings. Upon closing more

    e& Reports a Record 7.4% Growth in Consolidated Net Profit to AED 10.0 Billion in FY 2022

    Board proposes dividend of AED 0.40 per share for H2 2022, representing a total dividend of AED 0.80 per share for FY 2022   Abu Dhabi, UAE 6 March 2023: e& today announced its consolidated financial results for fiscal year 2022 reporting an impressive growth in consolidated net profit by a record 7.4 per cent to AED 10.0 billion.   Consolidated revenues reached to AED 52.4 billion, a growth of 4.7 per cent year-over-year, at constant exchange rates, underpinned by the Group’s successful business transformation, expanding to new business verticals and diversifying the revenue streams.    Consolidated EBITDA increased by 3.7 per cent year-over-year at constant exchange rate, to AED 26.2 billion, leading to an EBITDA margin of 50 per cent, highlighting the strong profitability of e&’s more

    An Overview of Cash Indices Trading

    Indices trading is highly trusted by investors, as it is a powerful tool for understanding future market trends as it reflects changes in the financial market. The index is a tool that can quickly measure the general situation of the market. The meaning represented by its numbers is the financial performance of a specific sector or region, and it can also be used to analyze trends and changes in different markets. It is an important tool for understanding the market in a quick way, for example: the most important and most common indicators in US stocks are the Dow Jones, the Standard & Poor's 500, and the Nasdaq. Each of them has its own components and characteristics, so that each of them becomes a representative for measuring a specific sector of US stocks. For example, the Standard & Poor's 500 is an index for more

    KIB Announces the Winners of the new “Al Dirwaza” Account's Monthly Draw

    Al Dirwaza account is the best of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws   Kuwait, March 6th, 2023: Kuwait International Bank (KIB) announced the names of the winners in the second Al Dirwaza account monthly draw, based on customers’ February deposits. The draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. In this draw, Mahmoud Mohammad Ameen Awadh won KD 10,000, whilst the KD 1,000 prize was awarded to 10 winners in total: Ghazi Ibrahim Abdelmaguid Elshoubary, Jalal Gholam Kousari, Mashari Bader Yaseen Alfoudari, Mohammad Taha Abdelhamid Hassan Shafei, Sarah Ahmad Khaled Sulaiman, Jaber Falah Ghulom Alam Dar Mohammad, Fatemah Fawzi Hafedh Alsayes, Efekhar Alsayed Yaqoub ALsayed more

    Other Top Stories from Banking and Investments
    Invictus Investment Announces 2022 Earnings with 103% Increase in Revenue and 61% Growth in Profit

    • Invictus Investment’s board recommends AED 175 million in dividends  • Total Revenue reaches AED5.98 billion in 2022 compared to AED2.95 billion in 2021, growth of 103% • Net Profit rises to AED454 million in 2022 from AED282 million in 2021, growth of 61% • Total Equity increases to AED 1Bn in comparison to AED 250Mn a year earlier   Dubai, UAE, 06 March 2023 – Invictus Investment Company Plc (ADX: INVICTUS), today announced financial results for the year ended December 31, 2022. For the full year, the company results were much more

    National Bank of Fujairah Hosts Knowledge-Sharing Platform to Discuss the Effects of Reforms to Nation's Corporate Tax Regime

    High-profile experts in economics, business, finance and law gave insights to NBF’s customers to help them better navigate the UAE business landscape  Dubai – 6 March 2023 — The National Bank of Fujairah (NBF) hosted the latest in its long-running series of knowledge-sharing events, organised in partnership with Refinitiv. The event, which was attended by more than 150 participants, explored the opportunities and implications for businesses ahead of significant reforms to the country’s tax regime this year, with the expected introduction of corporate income more

    Seatrade Maritime Collaborates with DSAA to Reinforce the Development of Dubai's Shipping Industry

    The objective of the partnership is to assist in achieving mutual objectives, such as advancing the interests of the community of shipping agents Dubai, United Arab Emirates – 5th March 2023: Seatrade Maritime and the Dubai Shipping Agents Association (DSAA) have signed a Memorandum of Understanding (MoU), aimed at supporting and promoting shared objectives. The main goal of the MoU is to advance the growth and development of the shipping industry in the region, by promoting the interests of the shipping agents’ community in Dubai, raising standards in the sector, fostering more

    ADIB Appoints Bushra Al Shehhi as Chief Human Resources Officer

    Al Shehhi played a significant role in promoting Emiratisation initiatives at the bank, empowering UAE talents with the necessary tools and expertise to excel in the financial services sector Abu Dhabi, 03 March 2023: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced today the appointment of Bushra Al-Shehhi as the new Chief Human Resources Officer. Bushra will now oversee the management of human resources affairs, operations, and related strategies for the entire Group, including branches and institutions outside the country that support the bank's business more

    Thales to Hire more than 12,000 People Worldwide in 2023 to support its Growth Trajectory

    After a record-breaking year for recruitment in 2022, Thales is continuing to hire in 2023    • In 2023, Thales plans to hire more than 12,000  new employees to support its strong growth trajectory in its three core markets: Aerospace, Defence and Security, and Digital Identity and Security.   • The Group will be hiring all over the world, and expects to take on 5,500 new employees in France, 1,050 in the United Kingdom, 600 in Australia, 550 in India and 540 in the United States.    • With about 2,000 employees in the Middle more

    Bertin Technologies and Al Masaood Group Announce Strategic Partnership to support UAE Nuclear Industry

    March 02, 2023: Bertin Technologies, a French industrial group dedicated to scientific instrumentation for critical applications, signed a strategic partnership with Al Masaood Group Industrial, highly diversified business enterprise that offers a wide range of industrial solutions in the UAE. The partnership will bring together Bertin Technologies' expertise in the nuclear field with Al Masaood's know-how and extensive network in the Middle East to offer high-quality products and services to customers in the nuclear industry. The partnership will focus on the supply of equipment more

    UAE Banks Federation: Member Banks Have a Key Role in Combating Money Laundering Based on Trade and Letters of Credit

    Abu Dhabi, United Arab Emirates – 01 March 2023:  UAE Banks Federation (UBF), the unified representative body and voice of banks in the UAE, organised a virtual workshop on combating trade-and-credit-documents-based money laundering as part of its ongoing efforts to improve frameworks and procedures necessary to develop and maintain the highest levels of compliance and risk management at member banks. Held on 28th February, the workshop was hosted under the direct supervision and guidance of the Central Bank of the UAE with an aim to enhance the effectiveness of the banking more

    Emirates Development Bank approves AED 6.1 billion in financing during FY 2022, representing a 673% YOY increase

    • AED 1.8 billion of financing approved to support UAE-based mSMEs   • AED 4.3 billion of loans approved for Large Corporates • EDB’s financing contributed AED 3.5 billion to non-oil GDP and 12,000+ industrial jobs    Abu Dhabi, UAE: 01 March 2023 – Emirates Development Bank (“EDB” or “the Bank”), a key financial engine for the economic development and industrial advancement of the UAE, conducted a Board meeting to review its results for the period ending 31 December 2022. The Board discussed the Bank’s more

    Mena CSR Report 2022: UAE, KSA Continue to Take the Lead in Regional CSR

    • Cicero & Bernay Communication Consultancy and 3Gem Research & Insights launch the third edition of the annual regional corporate social responsibility survey report. • Members from other countries nominated the UAE as the most active in CSR.   Dubai, UAE, 28 February 2023: Cicero & Bernay Communication Consultancy (C&B), a leading MENA agency headquartered in Dubai, in partnership with 3Gem Research and Insights, a global research partner, is proud to announce the third edition of its annual MENA CSR Report 2022.  In recent years, countries in more

    FSC 2023: Global Financial Leaders to Convene in Saudi Arabia and Set Future Agenda for Industry

    •     Government policymakers and global financial leaders will convene at the Financial Sector Conference (FSC 2023) on 15-16 March in Riyadh, Saudi Arabia, to pave the industry roadmap amid global economic challenges. • FSC 2023 will be held under the theme “Promising Financial Horizons” and is set to host over 100 panelists and speakers, including international participants from Goldman Sachs; Credit Suisse; HSBC; Deutsche Bank; JP Morgan and S & P Ratings. • Agenda will focus on investing for tomorrow and implementing sector more

    Nanovo Wins Gold Stevie® Award in 2023 Middle East & North Africa Stevie® Awards

    Winners to Be Celebrated During a Gala Event on 18 March at the Waldorf-Astoria Hotel in Ras Al Khaimah, United Arab Emirates Dubai, United Arab Emirates – 28th February, 2023 – Nanovo was named the winner of a Gold Stevie® Award for Excellence in Innovation in Consumer Product & Service Industries at the fourth annual Middle East & North Africa Stevie Awards, sponsored by the RAK Chamber of Commerce & Industry. The Polish technology company, who recently set up a regional HQ, specializes in creating digitized retail and service spaces for enhanced client more

    Thales and Al Fattan Partner to Provide the Next Generation of Mine Counter Measures System to the UAE Naval Forces

    • Thales and Al Fattan have signed a Memorandum of Understanding (MoU) to address the technological sovereignty and security of the United Arab Emirates, combining know-how of both companies, with Al Fattan designing, building, and integrating into the future Mother Ship the Thales Mine Countermeasures toolbox.    • The Maritime Mine Countermeasures (MMCM) programme have been delivered by Thales, acting as a system of systems integrator, to the French and Royal Navies since 2021. The M-Cube Thales Mission Management System thanks to the open architecture enables the more

    HMD Global Announces first Nokia smartphone with Repairability at its Core and Steps to bring Manufacturing to Europe, Strengthening Reputation for Secure, Durable, and Sustainable

    • Three new smartphones: Nokia G22, Nokia C22 and Nokia C32 continue durability and longevity commitments  • Collaboration with iFixit gives easy access to guides, tools and parts for Nokia G22 repairability • Journey to bring Nokia device manufacturing to Europe begins in 2023, strengthening security promise    Dubai, UAE, 27 February 2023 –  HMD Global, the home of Nokia phones, today announces the arrival of three Nokia smartphones, Nokia G22, Nokia C32 and Nokia C22. All offering up to three days battery life1, with improved imaging and more

    Another Mahzooz multi-millionaire is made!

    Top prize of AED 10,000,000 won    • Mahzooz’s 32nd millionaire is also its first millionaire in 2023. • 117th weekly live Super Saturday draws saw 1,345 participants take home a total prize money of AED 11,756,050   26 February 2023, Dubai, UAE: In its 117th Super Saturday Draws held on February 25th 2023, Mahzooz, the UAE’s leading weekly draw with the most frequent and largest pay-out, made one more millionaire- the first in 2023- bringing the total number of Mahzooz multi-millionaires to 32. The lucky winner scooped up the coveted more

    EDGE to Supply Thermal Sights to UAE Armed Forces in AED 91 Million Deal

    Abu Dhabi, UAE: 24 February, 2023 – EDGE Group, one of the world’s leading advanced technology groups for defence and beyond, today announced a contract with the UAE Armed Forces to supply individual compact thermal sights for decisive manoeuvres on land. Under the terms of the contract, they will deliver three variants of weapons sights that combine modular construction with superior thermal imaging technology. Omar Al Zaabi, President of the Trading & Mission Support cluster at EDGE, said: “EDGE is proud to sign this milestone deal, solidifying our strategic more

    Insurtech Competition in Palestine brings Innovative Solutions for Insurance Sector Literacy and Inclusion

    Dubai, UAE – 23 February 2023: The Palestine Capital Market Authority (PCMA) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in partnership with the Palestinian Insurance Federation (PIF) today announced the completion of the first ever PCMA Insurtech Wizard Hackathon and Challenge.  The Hackathon and Challenge both aimed to provide a platform for innovation and drive market development for inclusive insurance products in Palestine, with a goal to improve access to and understanding of insurance products for MSMEs and low-income customers in the country, which more

    MBRF delegation explores bilateral cooperation opportunities with King Faisal International Prize

    February 23, 2023-  His Excellency Jamal bin Huwaireb, CEO of the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), met with Dr. Abdulaziz Al-Sabeel, Secretary General of the "King Faisal International Prize," to explore bilateral cooperation between the two sides. The meeting was held during the Foundation’s delegation visit to the KFP’s headquarters in Riyadh, Saudi Arabia. During the meeting, the parties explored possible ways to boost prospects for creating collaborative initiatives and projects that could enhance the rate of the knowledge movement more

    ‘Driving Emirati Youth Employment in the Private Sector Essential to Achieving UAE's 50-year Vision', finds The Abdulla Al Ghurair Foundation and Accenture

    Dubai, United Arab Emirates – February 22, 2023: Following a recent Memorandum of Understanding, Accenture (NYSE: ACN) and the Abdulla Al Ghurair Foundation launched a joint research paper titled ‘The 3 C’s of Bridging the Emirati Employment Gap’. The report sets out the need for a targeted approach and multi-stakeholder partnerships to enhance the skills and employability of Emirati youth in the private sector, a critical component of the UAE’s Centennial Plan 2071. Local government officials have previously cited the need for more Emiratis to graduate with more

    Hostmilano and Tuttofood, Hubs of Excellence in Dubai

    • Trade between Europe and the GCC in the sectors represented at HostMilano totaled €1.2 bn in 2022 and will reach €1.5 bn in 2026 (CAGR +6.3%) • In the value chains represented at TUTTOFOOD, Europe-GCC bilateral flows totaled €7.5 bn and will reach €10 bn in 2026 (CAGR +7.4) • HostMilano and TUTTOFOOD are platforms created to offer growth opportunities: over 1,200 companies from at least 44 Countries will showcase at Host 2023, with over 1,200 brands from at least 35 Countries at TUTTOFOOD 2023 and buyers from all over the world at both • The more

    HE Dr Thani Al Zeyoudi Receives Costa Rica's Minister of Foreign Trade, Advances Economic Cooperation

    - The UAE and Costa Rica have enjoyed growing economic ties, with non-oil bilateral trade climbing 19% to $58.7 million in 2022 - HE Dr Thani: “Costa Rica is a partner of considerable potential for the UAE – whether or trade, investment or knowledge-sharing in priority sectors” Dubai – February 21, 2023: His Excellency Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, has welcomed HE Manuel Tovar, Minister of Foreign Trade for Costa Rica, to the UAE and held talks on deepening the two countries’ trade and investment ties. They also discussed global more

    Sheraa Hosts its first ‘Community Talk' to Foster Innovation and Tap into Growing Business Sectors in Sharjah

    The first discussion in this newly designed series brought together  experts and enthusiasts to discuss the future of one of UAE’s most popular sport - padel Sharjah, February 20, 2023:  The new ‘Sheraa Community Talks’ initiative of the Sharjah Entrepreneurship Center (Sheraa) recently hosted its first discussion at the House of Wisdom in Sharjah. Titled 'How Padel Changed the Community’, the talk brought together padel enthusiasts and club owners from across the UAE to share personal and professional experiences and insights on the many more

    Lenovo Group: Third Quarter Results 2022/23

    Lenovo delivers solid results as diversified growth engines and operational excellence drive profitability    February 20, 2023 – Dubai, United Arab Emirates: Lenovo Group (HKSE: 992) (ADR: LNVGY) announced third quarter results, reporting Group revenue of US$15.3 billion and net income of US$437 million. Group revenue from non-PC businesses reached a high of 41% and profitability remained solid as Lenovo’s diversified growth engines of Solutions and Services Group (SSG) and Infrastructure Solutions Group (ISG) grew revenue to record highs of US$1.8 billion and more

    116th Super Saturday draws see 731 participants take home a total prize of AED 1,551,300

    Lucky numbers were 15, 21, 38, 39 and 46 10 winners shared 2nd prize of AED 1,000,000   19 February 2023, Dubai, UAE: Mahzooz’s 116th Super Saturday draws changed the fortunes of many participants and welcomed them into the good life. The draws witnessed 731 participants take home AED 1,551,300 in total prize money. Operated by EWINGS, Mahzooz, the leading weekly draw with the most frequent and biggest payout in the UAE has created 31 multi-millionaires in a span of two years.   While the grand prize of AED 10 million went unclaimed this week, the draws saw more

    MRO Middle East and AIME 2023 will Showcase Innovation in the Global Airline Supply Chain

    - Co-located events will provide the platform to discover the latest technology and discuss industry trends and insights, including supply chain challenges, sustainability, digitalisation and the latest advancements in connectivity, 5G and more   - Latest edition sees new and enhanced features, including the Go Live! Theater and Onboard Hub with insightful sessions and product demonstrations   DUBAI, United Arab Emirates – 15 February 2023 – The aviation sector is expected to grow significantly over the coming decade. In the Middle East, the MRO demand more

    Tabreed's Full 2022 Financial Results Show 19% Increase in EBITDA to AED 1.23 Billion

    • Pioneering UAE district cooling company accelerates international expansion  • Board approves record dividend payment of 13.5 fils per share   Abu Dhabi, United Arab Emirates – 15 February 2023:  Tabreed, the UAE’s longest-established district cooling company, today released its consolidated financial results for the year 2022, reporting an EBITDA of AED 1.23 billion – a 19% increase over 2021 and a net profit of AED 600.2 million, representing an increase of 3%.    Additionally, Tabreed’s Board of Directors announces more

    Forescout's Vedere Labs Releases New Report on Deep Lateral Movement in OT Networks

    Dubai, United Arab Emirates, 14 February 2023: Forescout’s Vedere Labs has just released its latest research report on the first systematic study into deep lateral movement: how advanced adversaries can move laterally among devices at the controller level – also known as Purdue level 1 or L1 – of OT networks. Deep lateral movement lets attackers gain deep access to industrial control systems and cross often overlooked security perimeters, allowing them to perform highly granular and stealthy manipulations as well as override functional and safety limitations. This more

    115th Super Saturday draws see 1,847 participants take home a total prize of AED 1,931,050

    Lucky numbers were 1, 7, 10, 14 and 29 41 winners shared 2nd prize of AED 1,000,000   12 February 2023, Dubai, UAE: Mahzooz’s 115th Super Saturday draws changed the fortunes of many participants and welcomed them into the good life. The draws witnessed 1,847 participants take home AED 1,931,050 in total prize money. Operated by EWINGS, Mahzooz, the leading weekly draw with the most frequent and biggest payout in the UAE has created 31 multi-millionaires in a span of two years.   While the grand prize of AED 10 million went unclaimed this week, the draws saw more

    Oman Insurance Company P.S.C. (“Sukoon”) Reports Net Profit of Aed 223.6 Million (+8.5% Growth); One of the Highest Net Profits in the History of the Company

    Febraury 10, 2023:  Oman Insurance Company P.S.C. (“Sukoon”) released its 2022 full-year financial results today, reporting a net profit of AED 223.6 million which is an 8.5% growth compared to the prior year. This year’s net profit is one of the highest net profits in the history of the company. It is also the first time the company has crossed the AED 4 billion mark in gross written premiums in a financial year showing a growth of 24% versus last year.    These results are supported by sustainable underwriting income growth in all segments of the business, more

    Ajman Bank Reports Net Profit of AED 162.1 Million in 2022 compared to AED 116.2 in 2021 (up by 40% YoY)

    His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of Ajman Bank, chaired the meeting of the Board of Directors of Ajman Bank, which was held on February 9, 2023, at the Ruler's Court in the Emirate of Ajman. His Highness was briefed on the bank's financial results for the year ending on December 31, 2022.   Ajman Bank has reported total operating income of AED 942.3 million in 2022 compared to AED 908.4 million in the previous year (up by 4% YoY). Fees, commission and other income for the year ended increased to AED 184.8 million as compared to more

    Empower's Global Leadership in District Cooling is Widely Hailed Internationally

    Dubai, UAE - 9 February 2023: The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) commended Empower's global leadership and remarkable contributions to achieving significant advances in the environmentally-friendly district cooling industry, in line with its strategic economic, social, environmental and climate goals. The commendation came during a meeting between Farouk Mahboob, President of ASHRAE and Jeff Littleton, Executive Vice President of ASHRAE, and Empower's delegation participating in the events of the ASHRAE Conference and Expo 2023 more

    DAE Announces Financial Results for the Year ended December 31, 2022

    Profit before exceptional items rises 37% to US$258.6 million   Dubai, U.A.E., 8 February 2023 – Dubai Aerospace Enterprise (DAE) Ltd today reported its financial results for the year ended December 31, 2022.    1. 2022 results are adjusted to exclude a net exceptional write-off related to the loss of control of 19 aircraft that are currently in Russia which were previously leased to airlines based in Russia. In compliance with applicable sanctions, DAE terminated the leasing of these aircraft. Accordingly, the Group has written-off its net exposure in respect more

    Indo-Arab Professionals Launch, Funding Possibilities in Dubai to Fill a Gap for New-Age Businesses

    Funding Possibilities will help fund innovative and disruptive new-economy businesses to grow and in turn help the UAE economy to expand fast Date: Dubai, UAE; January 30, 2023 A group of six professional entrepreneurs across the UAE and India, who have invested in more than 75 start-ups and helped businesses raise US$500 million worth of capital, have joined hands to launch a Fintech Platform called Funding Possibilities, that will connect start-ups with investors, borrowers with lenders and buyers with sellers. The mission of this platform is to bridge the gap between investors and more

    Philip Morris Management Services (Middle East) Limited. is recognized as a Top Employer 2023 in the Middle East

    7, February 2023 - The 2023 Top Employers have been announced and Philip Morris Management Services (Middle East) Limited. (PMMS) has been recognized as a Top Employer in the Middle East.  Being certified as a Top Employer showcases an organization’s dedication to a better world of work and exhibits this through excellent HR policies and people practices.  The Top Employers Institute program certifies organizations based on the participation and results of their HR Best Practices Survey. This survey covers six HR domains consisting of 20 topics including People more

    114th Super Saturday draws see 1,646 participants take home a total prize of AED 1,860,000

    Lucky numbers were 3, 5, 6, 11 and 14 43 winners shared 2nd prize of AED 1,000,000   5 February 2023, Dubai, UAE: Mahzooz’s 114th Super Saturday draws changed the fortunes of many participants and welcomed them into the good life. The draws witnessed 1,646 participants take home AED 1,860,000 in total prize money. Operated by EWINGS, Mahzooz, the leading weekly draw with the most frequent and biggest payout in the UAE has created 31 multi-millionaires in a span of two years.   While the grand prize of AED 10 million went unclaimed this week, the draws saw as more

    Examining the Top Payment Methods for Online Gaming in Kuwait

    Online gaming has become increasingly popular in Kuwait in the last decade, with an increasing number of gamers looking for convenient and secure payment options to fund their gaming accounts. Although gambling is illegal in Kuwait and considered a criminal offense, as it goes against Islamic laws and the Kuwaiti society's customs, numerous Kuwaiti gamers find solutions around this barrier. By playing on international betting sites licensed in other jurisdictions and immune to the Kuwait law against all forms of gambling, gambling enthusiasts can enjoy safety and anonymity. With good more

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