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    Featured in Banking and Investments
    Arabic Casinos - Where Are They & Are They Legal?

    Gambling is forbidden in Dubai. With its strict following of Islamic laws, there are no physical casinos in sight despite the floods of western expats. Because of this, many people are under the illusion that they can gamble online. Of course, this isn’t true. Whether they’re using a VPN or not, you’re still at risk of being discovered to have broken the law. However, people make their own decisions, and many people are constantly travelling. In the event that you do find yourself in a jurisdiction that legally permits online gambling, this article will cover the best casinos available. VIP Arab Club VIP Arab Club is a Live Arabic Casino. The website is one of the best and most played Arabic casinos, in which there is both Arabic and English language to be chosen, and a long list of Arabic slots, roulette, and ......read more

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

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

    Serta brings Luxurious Comfort to DHF 2021

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

    Sheikh Shakhbout Medical City Leverages Artificial Intelligence in GI Screening

    Innovative AI detection technology projected to decrease the risk of colon cancer deaths by up to 50%    Abu Dhabi, United Arab Emirates.  22 September 2021:   The gastroenterology team at Abu Dhabi-based Sheikh Shakhbout Medical City (SSMC), one of the UAE’s largest hospitals for serious and complex care and a joint-venture partnership between Mayo Clinic and Abu Dhabi Health Services Company (SEHA), has introduced a cutting-edge AI system for gastrointestinal intestinal endoscopy that significantly enhances the detection of pre-cancerous polyps of the colon.   This FDA and UAE-approved system, known as GI Genius, is an AI solution designed to assist in colonoscopy procedures, and will be available at SSMC’s Gastroenterology Division, led by Dr. Michael Wallace. During his role as ......read more

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

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

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

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

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

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

    AD Ports Group and the General Company for Ports of Iraq Sign MoU to Promote Cooperation and Investments

    Collaboration will Oversee Management and Operation of the Iraqi Company’s Ports, Economic Zones, and Other Infrastructure, as well as Exploration of Potential Investment Opportunities     Abu Dhabi, UAE – 20, September 2021:  AD Ports Group, the leading global driver of trade and logistics, signed a Memorandum of Understanding (MoU) with the General Company for Ports of Iraq (GCPI) to promote increased cooperation between the two organisations within the fields of transportation and maritime.   Facilitated during a recent visit of a high-level delegation led by the Iraqi Minister of Transportation, the MoU was signed in the presence of HE Suhail bin Al Mazrouei, Minister of Energy and Infrastructure in the UAE, and HE Nasser Hussein Al Shebly, Minister of Transportation in Iraq, by Captain Mohamed ......read more

    Young Saudi Arabia Consumers Bring Spending Back, 88% Ready to Embrace Pre-Pandemic Shopping, Travel, and Holiday Experiences

    Sitecore’s Holiday Shopping Trends 2021 report shows 79% of Saudi Arabia consumers buying bigger gifts and 85% planning trips of a lifetime     Saudi Arabia, September 20, 2021 - Sitecore®, the global leader in digital experience management software, today released its Holiday Shopping Trends 2021 report exploring how consumers in Saudi Arabia intend to celebrate, indulge, and recuperate this holiday season.   Saudi Arabia’s residents are eager to resume their normal lives and make up for last year’s COVID-controlled holiday, with 88% of those age 25-34 saying they are ready to embrace pre-pandemic shopping, travel, and holiday experiences.   About four-fifths (79%) of Saudi Arabia consumers surveyed plan to make bigger and more mindful holiday purchases this year, fueled in part by the ......read more

    Saudi International Powered by Softbank Investment Advisers and Asian Tour Confirm Historic Partnership

    New 10-year partnership will see the Asian Tour sanction the illustrious Championship from 2022, which will boast one of the strongest fields in world golf and an increased prize fund September 20, Sentosa, Singapore: The 2022 Saudi International presented by SoftBank Investment Advisers will mark the start of an historic chapter in golf, as the prestigious event becomes sanctioned by the Asian Tour as part of a new 10-year partnership.  The tournament, which will continue to be broadcast globally from Royal Greens Golf & Country Club, near Jeddah, between February 3-6, 2022, will also feature an increased purse of US$5M – up from US$3.5M. The Asian Tour partnership represents a revitalised strategy, intended to elevate the well-established event in significant emerging markets around the world.  In 2021, the ......read more

    Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw

    Kuwait – September 19, 2021:   Burgan Bank announced today the names of the daily draw winners of its Yawmi account draw, each taking home a cash-prize of KD 5,000.   The lucky winners are:    • MOHAMED SAGEER BEERAN • SUHAD WARSAM ABDULLAH • FAISAL EISA ALI  • KINDA MOHANNAD ESKANDAR • AWATEF SAADOUN ALOTAIBI   In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months. The Yawmi Account offers Daily and Quarterly Draws, wherein the Quarterly Draw requires customers to maintain a minimum amount of KD 500 in their account for two months prior to the draw date. Additionally, every KD 10 in the account will ......read more

    Oxford Business Group to Mark Return to Qatar With Landmark 2022 Report

    Forthcoming analysis to explore country’s post-pandemic growth plans Doha, September 19, 2021 Oxford Business Group (OBG) has relaunched its operations in Qatar following a one-year break necessitated by the Covid-19 pandemic.  Its on-the-ground team is once again being led by Country Director Izabela Kruk, who has been overseeing operations for OBG there since 2016. Kruk previously spearheaded the information-gathering process in several other regional markets covered by the group, including Saudi Arabia, Kuwait and Bahrain, and additionally spent time leading OBG’s teams in the field across Latin America and Asia.  In a separate development, Kruk was also recently appointed GCC Sustainability Director – a newly created role that she takes on in parallel and which reflects the added focus that ......read more

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

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

    Burgan Bank Celebrates its Harvard Alumni Executives

    consolidating its strategic commitment to investing in the future leaders of the banking sector    Kuwait 18, September 2021:  Burgan Bank announced the graduation of three executives from Harvard Business School Program for Leadership Development (PLD). The success of Burgan’s new Harvard Alumni is an achievement that reflects the effectiveness of the bank’s unique culture and strategic commitment to attracting and retaining talented individuals as well as investing in their professional development.  Mrs. Halah El Sherbini, the Group Chief Human Resources & Development Officer, said “Burgan has been steadily working on growing its pool of Kuwaiti executives, supported by an innovative visionary approach to talent acquisition and management. The bank has an ambitious employee development ......read more

    King Salman Energy Park (SPARK) Gives Energy Investors Access to Global Markets with Hutchison Ports Alliance

    First dry port of its kind will connect the region’s fully integrated energy hub to the world    September 16, 2021:   SPARK and Hutchison Ports are pleased to announce the signing of a shareholders’ agreement for the formation of a joint venture to manage and operate the dry port and bonded logistics zone in the SPARK energy industrial city. Designed to ensure ease of access to global markets, the three-square-kilometre dry port will enable the future joint venture to capture the growing demand for logistics services for energy-related products in the Middle East and beyond while also serving the neighboring industrial cities.    SPARK is a sustainable, global energy hub in Saudi Arabia’s Eastern Province. The mega project, which spans over 50 square kilometres, is a manufacturing, ......read more

    MEEZA Achieves Gold Partner Status in HPE Partner Ready for Service Providers Program

    Doha, Qatar –15 September 2021:   MEEZA, Qatar’s pioneering managed IT services centre, has achieved Gold partner status in the ‘HPE Partner Ready for Service Providers’’ program, MEEZA is the only certified Service Provider partner for HPE in Qatar today, and one of only 140 partners who have reached the highest, Gold Service Provider partner status, globally, As such, Meeza will be endorsed as an official HPE Gold Service Provider partner to HPE customers and partners.  joining over 400 leading service providers around the world to deliver Hewlett Packard Enterprise’s innovative solutions for managed and cloud-based services.  The HPE Partner Ready Program brings together leading service providers from around the world for hosting, managed, and cloud-based services that ......read more

    Burgan Bank Celebrates the Successful Graduation of 26 New Employees

    Kuwait - September 16,  2021:  Burgan Bank has celebrated the graduation of 26 young bankers, who have successfully completed a one-month induction training program. Organized by the Learning and Talent Development Department, the program provided deep-dive knowledge into the bank’s culture and operations, along with the specialized tools and skill sets necessary for the new employees’ roles in the bank.  The training program, delivered in a mix of live and virtual sessions through the eLearning platform, was designed to prepare the new employees to fill the position of bank tellers across Burgan’s branches. The program’s series of courses aim at helping the new employees start their career journey in the bank with sufficient and practical knowledge to offer customers high-quality professional ......read more

    Nigo named Artistic Director of Maison KENZO

    Nigo named Artistic Director of Maison KENZO              

    ...read more

    QNET Wins Six New Industry Awards for Innovation and Social Impact

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

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

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

    Ogilvy Names Ben Messiaen Chief Client Officer for EMEA

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

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

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

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

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

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

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

    Aramex Kuwait Expands its facility in Agility Logistics Park in Sulaibiya

    New logistics facility will help grow Aramex’s e-fulfilment business KUWAIT – September 12, 2021 – Agility, a leader in supply chain services, innovation and investment, announced that the leading global provider of comprehensive logistics and transportation solutions, Aramex has selected the Agility Logistics Park (ALP) in Sulaibiya as the location for its new 16,000 SQM e-fulfillment center in Kuwait. The opening of the new Aramex warehouse was attended by H.E. Dr. Matar Al-Neaydi, UAE Ambassador in Kuwait, Eng. Nader Sakeen, CEO of ALP Kuwait and GCC, Mr. Fadi Kikoloff, General Manager of Aramex Kuwait along with senior executives from both companies. Aramex’s new facility will be housed in Agility’s recently completed multi-customer logistics warehouse, which was developed by ALP. The facility ......read more

    Dukhan Bank announces the September draw winners of its Thara'a savings account prize

    Doha, Qatar – 11 September 2021 – 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 Mohammed Al-Binali and Hind Al-Binsaeed each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Ameera Al-Saadi, Ayed Banibasheer, Habib Salhi, A.Aziz Fakhroo, Naiel Saleh, Abdulla Basahl, Ghaith Alan, Maryam Al-Attiyah, Marlo Enriquez, Sana Alrashed, Ibrahim Al-Fadhala, Abdulrahman Banibasheer, Jassim Fakhroo, Rowaida Taha, Fatma Al-Marafi, Barka Shabal, Nadia Aboramadan, Yousuf Al-Sahel, Ammar Alnajem, Shahd Al Ajmi,Khadija Al-Haddad, Jassim Riashi, Wafa Mohamed, Mariam Omar, Ali Alnasser, Khalifa Al Kaabi, Shaikha ......read more

    SAIF Zone takes part in the Big Five Show

    September 11, 2021: The Sharjah Airport International Free Zone Authority (SAIF Zone) is taking part in The Big Five, the Mena region’s largest building and construction show, which takes place from September 12-15 at the Dubai World Trade Center. The SAIF Zone will leverage this opportunity to highlight its various services to investors, which made it one of the most important free zones in the region. This includes offering exclusive advantages in order to attract foreign investments and providing the added value sought by the investors.  The Authority will also shed light on its numerous offers for investors. such as the exclusive offers on business offices, and a single-window operation to enhance performance efficiency. Furthermore, the Zone will showcase its integrated services package that caters to the needs of ......read more

    AD Ports Group and CMA CGM Group Announce Agreement to Invest AED 570 Million in New Terminal at Khalifa Port

    • Under a 35-year concession agreement, the state-of-the-art terminal will open in 2024 with an initial capacity of 1.8 million TEUs • Khalifa Port becomes a regional hub for Three of World’s Top Four shipping companies     Abu Dhabi, UAE – September 09, 2021: AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, and France-based CMA CGM Group, a world leader in shipping and logistics have announced the signing of a 35-year concession agreement.   Under the terms of the agreement, a new terminal will be established in Khalifa Port, the first semi-automated container port in the GCC region, which will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports Group (30 percent stake). The ......read more

    Once again QIC Group is the Official Insurance Sponsor of S'hail

    September 7, 2021: Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of S’hail 2021 – Katara International Hunting & Falcons Exhibition. S’hail is regarded as the largest international exhibitions that specializes in exhibiting Falcons and is dedicated to preserve and promote the art of hunting and falconry. Commenting on the sponsorship, Mr. Ahmed Al jarbeoy, chief operating officer QIC, Qatar operations said, “As the leading insurer in Qatar, we have a long standing commitment to acting as a trusted and ethical partner with the Qatari community and to playing a vital role in the sustainability of Qatar’s social fabric.” He further added, “We have ensured that the core values of our business and operating principles align with ......read more

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

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

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

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

    Finnovex ME Summit 2021 to Focus on Banking Innovation and Transformation

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

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

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

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

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

    Burgan Bank Upgrades its Safe Deposit Box Service

    Providing Customers with New Different Sizes to Suit Their Needs Kuwait, August 31, 2021: Burgan Bank announced the upgrade of its safe deposit boxes at the Head Office branch with new sizes to offer customers a greater variety of options to store and access their valuables securely at their convenience.  Burgan Bank upgraded this service in the aim of meeting the customers’ various needs and insuring their peace of mind. Designed with the best-in-class technology, the Bank’s secure safe deposit boxes are ideal for storing and securing valuable items. Now available in eight different sizes with competitive annual charges. The boxes are ultimately protected with exclusive access during the Bank’s working hours.  The safe deposit boxes are guarded by the Bank’s 24/7 active and advanced security ......read more

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

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

    Dukhan Bank Named Best Islamic Digital Bank in Qatar 2021 and Most Innovative Digital Bank in Qatar 2021 by Global Finance

    Doha, Qatar – August 29, 2021:   Dukhan Bank has received two awards by New York-based Global Finance Magazine for ‘Best Islamic Digital Bank in Qatar (2021)’ and the ‘Most Innovative Digital Bank in Qatar (2021)’.    Global Finance is a leading international magazine and industry analyst that evaluates and awards the top performs among banks and other providers of financial services on global and regional levels in categories of technology, leadership, brand, and sustainability among others, covering over 150 countries and territories around the world.    The categories of Best Islamic Digital Bank and the Most Innovative Bank give recognition to financial institutions that display strength in strategy for attracting and servicing digital customers, success ......read more

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

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

    Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw/

    Kuwait – August 30, 2021:  Burgan Bank announced today the names of the daily draw winners of its Yawmi account draw, each taking home a cash-prize of KD 5,000.   The lucky winners are:    1. SAMI SAAD ALHUWAIDI 2. SALEM DAASAN ALDAASAN 3. MOHAMMAD ABDULREDHA ALSAHHAF 4. AMNAH HAMEED SULAIMAN 5. ISMAEIL SALEM ZAYED   In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months. The Yawmi Account offers Daily and Quarterly Draws, wherein the Quarterly Draw requires customers to maintain a minimum amount of KD 500 in their account for two months prior to the draw date. Additionally, every KD 10 in the account will entitle customers to one chance of ......read more

    Cisco Partners with the Saudi Federation for Cyber Security, Programming and Drones to Enhance Digital Skills in the Kingdom

    Building on a Legacy of Over 20 Years in the Country, Cisco’s Networking Academy will now Upskill 8,000 SAFCSP Trainers, Accelerating KSA’s Digitization Agenda Riyadh, Kingdom of Saudi Arabia – 29 August 2021: Cisco has announced a strategic partnership with the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP), to develop the digital skills of 8,000 trainers in the fields of cybersecurity and programming via the Cisco Networking Academy (NetAcad).  In Saudi Arabia, the Cisco NetAcad program has one of the highest female student participation rates globally, reaching 32% - a number which Cisco is keen to continue growing. Of the 8,000 participants being trained via Cisco and SAFCSP’s new initiative, through a combination of online and on-site courses, the duo will be training and ......read more

    Other Top Stories from Banking and Investments
     
    GCC economies to grow 14.51 per cent in 2021, says report

    Citing IMF figures, GCC Countries Macroeconomic Indicators report notes region’s nominal GDP to reach USD 1.6 trillion this year COVID-19 vaccine rollout & upcoming mega events such as Expo 2020 Dubai seen to fuel GDP increase September 20, 2021 The nominal gross domestic product (GDP) of the six Gulf countries, which together constituted about 60 per cent of the total Arab region’s GDP in 2020, is projected to return to positive growth in 2021. Figures from the new ‘GCC Countries Macroeconomic Indicators 2021’ report revealed that the region’s ......read more

    Al Ansari Exchange Inaugurates it's 200th Branch

    September 06, 2021 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, marked a new milestone with the opening of its 200th branch in the UAE. The latest branch, located in Sahara Center new extension, is the second branch of the company in this center and one of the eight branches inaugurated across the country this year with another 25 branches planned for opening before the end of next year, in preparation for the post pandemic expected business uptake. The new branches are a testament to Al Ansari Exchange’s commitment to continuously ......read more

    Arab-Brazilian Chamber of Commerce enhances transactions and opens start-up incubator with launching of ABCC 4.0 Space

    Implementation of Ellos blockchain platform to ramp up digital transaction recording ABCC Lab to assist start-ups planning to enter the Brazilian and Arab market Innovation Committee to discuss technology-related concerns and strategies August 31, 2021-  As part of its mission to raise its social and technological standards to match international benchmarks, the Arab-Brazilian Chamber of Commerce (ABCC) announced the launching of ABCC 4.0 Space, which will facilitate further trade growth momentum between Brazil and the Arab world. The announcement was made in a webinar ......read more

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

    •         Statues created by award-winning sculptor Andy Scott revealed to fans across the world as they emerged from darkness into daybreak  •         Large scale galvanised steel sculptures of club legends are situated on the East Side of the Etihad Stadium •         Andy Scott to begin work on Sergio Aguero statue this autumn to complete the trio    August 28, 2021:  Manchester City Football Club is today thrilled to unveil permanent statues of Club legends Vincent Kompany and ......read more

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

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

    Thought Series – of Focus and Final Outcomes

    NIRANJAN GIDWANI CONSULTANT DIRECTOR | MEMBER UAE SUPERBRANDS COUNCIL |  Whether it is the canvas of our life, our professional career, a challenge that we need to overcome, or an extremely simple task that we need to perform, choosing the right focal point can make all the difference. This applies in equal measure to what we do in the outside world, the family, or just in finding a deeper meaning of our existence. But how does anyone unleash the power of focus?  The clarity of outcome desired is often directly proportional to the sharpness of focus. It also ......read more

    Tips on How to Find the Best Movers in Dubai

    Moving into a new home is a process that can be very challenging. It only makes sense why a lot of people choose to use the service of movers and packers when relocating. But one must bear in mind that the moving company you choose can either make or break your moving experience. So, it is important to properly select the best movers in Dubai to hire if you are looking to do so for your upcoming relocation. We’ve come up with some tips you can use to guide you on your search for movers and packers in Dubai. Read below! Get referrals from people you know One of the ......read more

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

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

    Hotpack Global Signs Terminal Agreement With DP World, UAE Region

    The entity will use DP World, UAE Region’s flagship Jebel Ali Port as its export gateway to the world Dubai, United Arab Emirates, Aug 22, 2021: Hotpack Global, the world’s leading manufacturer of disposable food packaging products, has signed a terminal agreement with DP World, UAE Region, expanding the export capacity for its products through Jebel Ali Port. The agreement was signed at Hotpack’s head office in Dubai Investment Park by Mr. PB Abdul Jebbar, Group Managing Director, Hotpack Global and Mr. Shahab Al Jassmi, Commercial Director, Ports and Terminals, DP ......read more

    Tanmiah Delivers 1H21 Revenue Growth of 27.6%; Net Income at SAR 22.2 Million Following IPO; Plans Major Expansion

    •  Strong financial position underpins Company’s plans to expand further in growing defensive sector •  Lower gross profit and net profit margin caused by unprecedented global hike in commodity prices, lower subsidy recoveries and spending to increase operating capacity   22, August 2021:  Tanmiah Food Company (“Tanmiah” or the “Company”, 2281 on the Saudi Exchange), a market leading provider of fresh and processed poultry and other meat products, animal feed and health products, today announced its results for the first ......read more

    Jawaher Al Naqbi Discusses Six Key Pillars Underpinning an Effective Government Communications Strategy

    Discussion emphasises role of transparency and trust in strengthening communication, ahead of the 10th edition of Sharjah Government Communication Forum   Jawaher Al Naqbi: The 10th edition of IGCF will evaluate the historical experience of government communication during crises, discuss its current realities, and envision its future   • Government communication teams must leverage the potential of the rapidly evolving  communication landscape   • Strong relationship with civil society institutions is key to activating a successful partnership ......read more

    Are Casinos Going to Open in Dubai?

    Can you picture a weekend without a good slot game from isoftbet casinos and some fine wine? However, the people of Dubai cannot enjoy the fun of gambling. Usually, gambling and Dubai are not two words that we see together too often as it is a restricted game in UAE. And we are here to find the reasons behind the restriction. Dubai is one of the main tourist destinations of the world, with millions of visitors a year. However, this world-famous tourist centre does not provide its guests with gambling games due to religious reasons. But to punters’ surprise, a recent news article ......read more

    Adyen Publishes H1 2021 Financial Results

    Dubai, UAE; 19 August 2021:  Adyen’s results reflect strong profitable growth during a half year wherein longer-term trends (e.g. the digitization of commerce, the shift from cash to cashless) further accelerated and were ingrained in shopper behavior globally.   Summary H1 2021 • Processed volume was €216.0 billion, up 67% year-on-year • Net revenue was €445.0 million, up 46%[1] year-on-year • EBITDA of €272.7 million, up 65%* year-on-year • EBITDA margin was 61% as a result of strong net revenue growth paired with the ......read more

    UAE participates in the 27th Universal Postal Congress in Abidjan

    DUBAI, UNITED ARAB EMIRATES, 18 August, 2021 -The United Arab Emirates (UAE), one of the 192 member countries within the Universal Postal Union (UPU), is participating in the 27th Universal Postal Congress held in Abidjan, Cote Ivoire.  His Excellency Abdulla Mohammad Alashram, Group Chief Executive Officer of Emirates Post Group is leading the delegation to the Congress which is running until the 27th of August 2021. The UAE serves as one of the four Vice-Chairman of the Congress, chosen according to the criterion of equitable geographical distribution. This is in addition to its ......read more

    Sheraa's Entrepreneur-driven Ecosystem Transforms Sharjah Into a Home for Innovation and Impact

    Newly launched five-year impact report records The Sharjah Entrepreneurship Center’s journey as an innovation-led, impact-driven ecosystem For immediate release Sharjah, August 16, 2021 Emphasising the formative role of entrepreneurship in building and sustaining competitive economies, the   Sharjah Entrepreneurship Center (Sheraa) has consistently fostered innovation and growth opportunities for its thriving community of entrepreneurs, through a series of programmes, initiatives and collaborations, including the Sharjah Entrepreneurship Festival ......read more

    Think Plastic Brazil and Arab Brazilian Chamber of Commerce collaborate to host B2B virtual meetings for converted plastic products

    August 16, 2021 - Brazil-based converted plastic product manufacturers are set to showcase their sustainable construction, home essential products, bathroom fittings, office supplies, cleaning products, toys, chairs, showerheads, pipes, faucets, cutlery and many more to Arab companies in a series of B2B virtual meetings from September 20 until October 7, 2021. The event will be hosted by Think Plastic Brazil, a global initiative launched by the country’s National Plastic Institute (INP) and the Brazilian Trade and Investment Promotion Agency (Apex Brasil), in collaboration with the ......read more

    2021 Pravasi Bharatiya Samman Presented to Dr Siddeek Ahmed

    August 16, 2021:  At a special ceremony held at the Indian Embassy to mark India’s Independence Day, Eram Group Chairman and Managing Director Dr. Siddeek Ahmed, was officially presented with the 2021 Pravasi Bharatiya Samman Award (PBSA) by the Ambassador of India to the Kingdom of Saudi Arabia, H.E. Dr. Ausaf Sayeed. Conferred by the President of India as a part of the Pravasi Bharatiya Divas (PBD) Conventions organized annually since 2003, this award acknowledges august members of the Indian community and their tangible contribution in social and humanitarian upliftment. This ......read more

    Blue Prism Recognized as Leader in the 2021 Gartner® Magic Quadrant™ for Robotic Process Automation

    Dubai, United Arab Emirates - August 15, 2021:    Blue Prism® (AIM: PRSM), a global leader in intelligent automation, today announced it has been positioned, once again, by Gartner, Inc. in the Leaders quadrant of the Magic Quadrant for Robotic Process Automation (RPA).    In the 2021 report, Gartner evaluated 18 vendors based on the Ability to Execute and Completeness of Vision criteria and positioned Blue Prism as a Leader.  According to Gartner, “Leaders have an insightful understanding of a market’s realities, a reliable track record, ......read more

    SBWC Mentoring UAE's Business Women to Reinvent Themselves and Thrive in the Post-Covid Era

    In collaboration with 33Voices, Mashreq Bank, and Mastercard, SBWC hosts four workshops under the title ‘The Reinvention of Business Post-COVID 19’   • Senior executives from Mastercard and Mashreq Bank led the interactive workshops.  • 80% participants who were unaware of the benefits of digital business banking gained insights into tailored offerings for SMEs. • 69% of participants cited 'personal development' as the key challenge of a female business leader. • All participants agreed that 'people grow companies and ......read more

    ICSFS' Managing Director, Robert Hazboun, Receives Lifetime Achievement in Financial Technology Innovation Award by World Finance

    August 12, 2021:  World Finance,  the voice of the market magazine, awarded  ICS Financial Systems Limited (ICSFS)’ Managing Director; Robert Hazboun, in its World Finance Summer 2021 edition, under the World Finance - Islamic Finance Awards 2021, for his Lifetime Achievement in Financial Technology Innovation. Projects Director at World Finance Magazine; David Hann, stated: “Mr. Robert Hazboun, Group CEO & MD of ICSFS, received this year ‘Life Achievement in Financial Technology Innovation’ by WORLD FINANCE to honour his significant ......read more

    Mulk Holdings and Park International Investments Announce Entry into United States with US$100 Million worth of Exterior Façade Contracts

    Mulk Holdings, Park International Investments LLC and Silver Heights Real Estate establish a Joint Venture – ALUBOND USA – after securing exterior façade contracts for five mega projects include Wyndham Hotel – marking its entry in the United States Date: Dubai, UAE, and New York, United States, August 11, 2021   Mulk Holdings International, a UAE-based diversified multinational business conglomerate, today announces its partnership with Park International Investments LLC, a global investment powerhouse along with Silver Heights Real Estate for the establishment of ......read more

    Zoho Launches Canvas, The Industry-First Design Studio to Re-envision The CRM Experience For Enterprises

    Canvas brings consumer-level simplicity to the CRM user experience through a no-code design studio, aims to increase the CRM adoption rate Dubai - August 10, 2021—Today, Zoho Corporation., a leading global technology company, announced Canvas for Zoho CRM, a one-of-a-kind design studio for CRM personalization. Canvas enables businesses to create their own CRM interfaces that are better suited to the role of each employee, without IT or developer involvement. It helps simplify complex CRM implementations into streamlined and contextual employee-facing experiences. Zoho CRM as well as ......read more

    High Freight Charges Affecting Businesses and Consumers

    By Rizwan Sajan Founder and Chairman, Danube Group  Freight rates have quadrupled since the COVID-19 pandemic caused a worldwide lockdown in March 2020, pushing retail prices up, that has been affecting consumers worldwide who are trying to recover from loss in income, business . World Dry Baltic Index jumped from – 50 percent in May 2020 to more than 400 percent in May 2021 – an unprecedented increase in a year. China Container Freight Rate Index jumped 170 percent in April this year compared to what it was in July 2020, while Harpex World Charter Rate Index ......read more

    Ajman Bank Reports AED 61.9 Million Profit in the First Half of the Year

    August 09, 2021:  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 the Bank.     During the meeting it was announced that Ajman Bank has achieved a consolidated net profit of 61.9 million dirhams for the first half of the year 2021 compared to a profit of 43 million for the same period last year, i.e. an increase of 44%.   This positive trend was also reflected in the increase in the bank’s net operating income of AED 331.9 million for the first half of ......read more

    Ajman Free Zone achieves 35 per cent growth in the number of new companies registered during H1 2021

    867 new registered companies within various vital economic sectors Ahmed bin Humaid Al Nuaimi: We continue to provide opportunities for various economic sectors to be an effective partner and a major contributor as we progress towards economic diversification Health sector leads in terms of growth at a rate of 84 per cent Technology sector ranks second with 26 per cent while F&B comes third with 11 per cent 70 per cent growth among Chinese businesses in terms of number of companies compared to H1 2020 48 major strategic partners for the free zone, including value-added ......read more

    The Galaxy A Series' Camera Opens Up a Whole New World of Possibilities

    August 08, 2021:  As technology has evolved, so too have consumer expectations. After being continuously introduced to the latest next-generation devices for years, millennials, working professionals, and Gen Z members all share common ground: they search for products that offer new levels of value and empowerment. Yet devices themselves are not the sole engine driving this trend, with particular capabilities equally influential behind user’s ever-expanding enthusiasm. And for millions, the Galaxy A Series is the newest smartphone range to which this applies, thanks to the ......read more

    UAE Was Top Destination for India's Electroncis Exports and Over USD 2 Billion Worth of Mobile Phones Exported During 19-20

    Indian government is giving big push to mobile manufacturing  and  a number of multinational companies have set up their mobile manufacturing  units in India  Electronic manufacturing in India is being incentivized by government through various schemes to attract investment in the sector.  The global Electronic manufacturing  may like to explore India as a future market and manufacturing hub, informed Mr. Kamal Vachani, Regional Director of Electronics and Computer Software Export Promotion Council (ESC).    ...read more

    Dubai Investments H1 Profits Surge by 47%

    Dubai, 05, August 2021 - Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), has today reported a 47% surge in net profits to AED 302 million for the 6-month period ended 30 June 2021 as compared to AED 205 million for the same period last year. The increase in net profit for the period is mainly due to enhanced performance of the manufacturing and contracting and investment segments. Total income for the period also increased by 51% to AED 1.72 billion as compared to AED 1.14 billion for the previous period as the Group ramped up ......read more

    PMI Talent Gap® 2021 Report Highlights Skills Gap in the Middle East and North Africa

    PMI report highlights gap between demand for project management skills and talent.  Skills gap opens up PMOE opportunities across MENA.    United Arab Emirates, Dubai, 04 August 2021: Project Management Institute (PMI), the world's leading association for project professionals and changemakers, has published a report identifying a gap between the demand for project management skills and the availability of talent. According to research conducted by PMI — Talent Gap: Ten-Year Employment Trends, Costs, and Global Implications 2021 — this persistent gap ......read more

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