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    Featured in Banking and Investments
    Kamal Vachani Welcomes Relaxation of Rules for Overseas Citizen of India Cards

    Dubai, United Arab Emirates - April 17, 2021:   Mr. Kamal Vachani, Chairman of Global Organisation of People of Indian Origin (GOPIO) for Dubai and the Northern Emirates, on Saturday, welcomed the landmark decision of the Government of India for easing the process for the re-issuance of Overseas Citizen of India (OCI) cards. The Government of India on Thursday eased rules for the re-issue of OCI cards. The government has dispensed with the requirement of getting one’s OCI card re-issued each time a new passport is issued to him/her up to 20 years of age and once after attaining 50 years of age. The new OCI card regulations approved on the directions of Home Minister Amit Shah. Highly popular OCI card provides life-time visa-free travel and stay in India and gives the cardholders a host of privileges ......read more

    Dubai Islamic Bank Successfully Closes Lowest-Ever Pricing on an AT1 Issuance from the GCC

    Dubai, United Arab Emirates -  April 17, 2021:    Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody's and A by Fitch today successfully priced a landmark USD 500 million Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 3.375% per annum.  This transaction represents the lowest ever pricing achieved by a GCC bank (both conventional and Islamic) on an Additional Tier 1 instrument and the lowest ever on a USD AT1 Sukuk globally.  Despite the volatility witnessed in credit markets during the past month on account of US Treasury rates, achieving this landmark success in the current scenario is testament to the bank’s strong credit profile and standing with international and regional investors.   The deal was priced intraday after completing investor calls, ......read more

    Latifa bint Mohammed Approves Formation of Committee to Oversee Development of Al Quoz Creative Zone

    Committee seeks to create an integrated, dynamic creative hub and a regional and global centre for designers and creatives in Al Quoz United Arab Emirates -  April 15, 2021:    In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to make Dubai the capital of the global creative economy by 2025, Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture & Arts Authority (Dubai Culture) today approved the formation of the committee that will oversee the development of the Al Quoz Creative Zone.  Chaired by Sheikha Latifa, the committee aims to strengthen the emirate’s position as a regional and international hub for the creative economy within the framework of an ......read more

    Eros Group Appoints ALISA PR as its PR Agency

    UAE - 15 April, 2021: Eros Group, the largest electronics distributor and retailer in the UAE since 1968 has appointed Dubai-based independent communications agency, ALISA PR to manage its PR operations in sync with the Group’s vision and business objectives. ALISA PR takes up the post with immediate effect to create awareness of the brand’s portfolio and activities in the region. With a world-renowned brand portfolio of Samsung, Hitachi, TCL, Midea and much more, Eros Group is a 53-years reputed organization specializing in the distribution and retail of consumer electronics, mobility, IT, Home Appliance and convergence products. The Group serves customers in the UAE and select markets in the Middle East and North Africa (MENA) Region. The Organization proudly partners with over fourteen international brands, ......read more

    360 Dialogue Series Examines Role of Clean Energy in Driving Covid-Led Green Recovery

    - Organised by Dubai Chamber, virtual event joined by over 80 participants from 17 countries, including green economy and sustainability experts.   United Arab Emirates -  April 14, 2021:   Covid 19 has accelerated the shift towards the transition to green economies on a global level and demand for renewable or clean energy is likely to increase in the coming years, industry experts predicted during a recent virtual panel discussion hosted by Dubai Chamber of Commerce and Industry.   The panel, organised as part of the Chamber’s 360 Dialogue Series virtual event titled The Future of Energy, was joined by over 80 participants from 17 countries, including Hassan Al Hashemi Vice President, International Relations Dubai Chamber; Stephan Gobert Board Member Clean Energy Business Council (MENA); Dr. ......read more

    MRO Middle East Exhibition to Showcase Expert Speakers and Key Industry Topics for Aviation Sector

    Dubai, United Arab Emirates – 14 April 2021:  The Maintenance, Repair and Overhaul exhibition, will highlight the latest innovation in key areas including sustainability, digitalization, workforce and passenger confidence within the aviation sector through its new Go Live! Theatre feature. The event, taking place from 15th - 16th June 2021 at DWTC, Dubai, will offer complimentary content for all attendees alongside it’s long standing exhibition focused on connecting buyers and service providers in the commercial aviation aftermarket.  As part of the show floor agenda at MRO Middle East, airline officials will analyse ways to restore passenger confidence and how implementing technologies and processes can drive future recovery within travel. The content will also focus on how technology and digitalisation will ......read more

    BPG Closes Q1 2021 on a High Following Strengthened Omnichannel Positioning

    Dubai, UAE - April 14, 2021:  Award-winning, omnichannel MarCom agency BPG, a part of the WPP network, reported a positive Q1 2021, having clocked up new business wins worth more than 35% of 2020 revenue and growing revenue from top clients by 31% YOY compared to Q1 2020. Operating from its hubs in Dubai and Kuwait, with spokes in KSA, Egypt and Levant, BPG bagged clients across a wide spectrum of industries, including fintech, financial sector, edtech, construction, technology, tourism, entertainment and healthcare – validating the 40-year-old agency’s strengthened positioning.    Among BPG’s significant new business wins is the integrated communications remit for AMANA, the leader in modular and design-build construction of industrial and commercial facilities in the Middle East, as it embarks on ......read more

    Iraqi Ministry of Finance and GE Mark Financial Close of Power Up Plan 4 to Strengthen Iraq's Electricity Sector

    April 12, 2021:  The Iraqi Ministry of Finance (MOF), GE and their financial partners today celebrated the financial close - a critical milestone that marks the final step of a loan agreement becoming effective - of the Power Up Plan 4 (PUP4). Under PUP4, GE will provide capital and spare parts, repairs and services to the Qudus, Khairat, Baghdad South, Hilla, Mussayab, Haidariya and Karbala power plants to help maintain more reliable generation of up to 2.7 gigawatts (GW) of electricity for the Iraqi people. As part of these efforts, 20 gas turbines that are currently not operational at these sites will also be returned to service. GE played a key role in bringing the Iraqi Ministries of Finance, Electricity and Planning together with various financial institutions, including export credit agencies, commercial banks and others, to ......read more

    Bank of America Increases Environmental Business Initiative Target to $1 Trillion by 2030

    Significant Increase from $300 Billion Target by 2030 set in 2019 Company Also Sets Broader SDG-Focused Sustainable Finance Target of $1.5 Trillion by 2030    United Arab Emirates -  April 11, 2021:   Bank of America today announced a goal of deploying and mobilizing $1 trillion by 2030 in its Environmental Business Initiative in order to accelerate the transition to a low-carbon, sustainable economy. This commitment will anchor a broader $1.5 trillion sustainable finance goal by both environmental transition and social inclusive development purposes, spanning business activities across the globe.    “The private sector is well-positioned to ensure that the capital needed – at the scale it is needed – can drive the transition to a low-carbon, sustainable economy,” ......read more

    World's Oldest Minting Institution Aims to bring Creativity, Elegance and History of French know-how to the Middle East

    United Arab Emirates, Dubai, April 2021:  Monnaie de Paris, the world’s oldest minting institution, is expanding its presence in the Middle East with a view to bringing the creativity, elegance and history of the exceptional French craftsmanship in precious metals to the region.    Internationally renowned for their historic expertise and know-how, the iconic Monnaie de Paris offers precious metal products that are manufactured by generations of its craftsmen who managed to keep the craft perfectly alive for 1,157 years.  The prestigious Mint today offers a wide range of unique and high-quality precious metal products, including commemorative coins and medals, decorations, jewellery and decorative castings, all rooted in the authentic tradition of the French artistry, and expertly crafted ......read more

    Big Bang Integral Tourbillon Full Sapphire: A FEAT OF PURE SAPPHIRE

    It is true that sometimes less is more – perhaps a lot more. With the Big Bang Integral Tourbillon Full Sapphire, Hublot has taken its Art of Fusion to its ultimate conclusion. A new integral bracelet and case custom-made from sapphire: this feat affirms yet again the technical proficiency and the exceptional expertise that Hublot has acquired in the working of sapphire.    United Arab Emirates -  April 07, 2021:   For some, this will seem a natural development. For others, it will be a total disconnect. The final result is a little of each. The Big Bang Integral Tourbillon Full Sapphire is the fruit of a long tradition. It is rooted in 2016, and the Big Bang Unico Sapphire, the first sapphire watch. With this piece, Hublot translated the expertise it had developed in machining very hard materials to ......read more

    Watermelon Joins IPREX Global Communication Platform

    PARTNERING WITH GLOBAL PLATFORM TO ENRICH DUBAI-HEADQUARTERED CONSULTANCY’S EXPERTISE AND GLOBAL REACH Dubai, United Arab Emirates, April 7, 2021: The frontline, homegrown, Dubai-headquartered public relations consultancy with an integrated outlook on communication from strategy to execution, Watermelon Communications, has partnered with IPREX, a US$420 million global network of communication agencies with footprints across the world through 93 offices. The partnership will pave the way for reinforcing Watermelon’s bouquet of public relations and communications offerings on a global scale and enrich the agency’s expertise and outreach to markets across the world. “Watermelon is one of the pioneers of integrated communications in the UAE providing its multi-disciplinary expertise to clients across ......read more

    Upfield Announces Vegan Menu Collaboration with [u]bk in Movenpick Hotel

    United Arab Emirates -  April 06, 2021:    Upfield, the world’s largest plant-based consumer goods company, today announced a collaboration between Urban Bar & Kitchen and its new plant-based brand - Flora Plant. As a way of promoting vegan options in Dubai’s dining scene, Movenpick’s Jumeirah Lakes Towers’ Urban Bar & Kitchen [u]bk restaurant has created two special recipes using the 100% plant-based Flora Plant butter and cream. The two recipes created are the ‘Flora Plant Vegan Apple Tart’ and the ‘Flora Plant Vegan Truffle Pasta’. Both will be available for diners to try from [u]bk’s menu from April 3rd and will be on special 20% discount the whole month. This is Flora Plant’s first hospitality partnership in the UAE and is part of a larger ......read more

    EY: 81% of MENA Executives Anticipate Growth and Investment Opportunities to come from the Middle East

    • 71% of MENA executives expect to see revenues return to pre-pandemic levels by 2022 or earlier • 76% of MENA companies plan to increase investments in technology and digital • 84% of MENA executives say they plan to invest in bolt-on acquisitions, with 55% looking to acquire assets domestically   United Arab Emirates -  April 06, 2021:   According to the latest edition of the EY Global Capital Confidence Barometer (CCB), 81% of business executives surveyed in the MENA region expect the Middle East to be a preferred investment destination, which will generate the most growth and opportunities for their company in the next three years.   Though 90% of MENA respondents experienced a decline in revenue due to the COVID-19 pandemic, most companies feel satisfied with their ......read more

    Ajman Free Zone capitalizes on Emirati businessmen's expertise to empower entrepreneurs through ‘Mashoura' initiative

    05 April 2021:  As part of its ongoing efforts to boost investment activities in Ajman and enhance the performance of its economy, Ajman Free Zone has launched a new initiative called ‘Mashoura’, which leverages the expertise and experiences of leading Emirati businessmen to support entrepreneurs. The initiative establishes new linkages and opportunities to network for entrepreneurs within the Ajman business community, which can lead to new projects and strategic partnerships.  It further provides a platform for the Ajman Free Zone’s team and the Emirate business community to connect and consult on ideal businesses which can be further developed as well as provide inputs that will help businesses best meet market demands, leveraging the businessmen’s expertise and knowledge of local trends. H.E. ......read more

    The Residences at the St. Regis Al Mouj Muscat Appoint Oman Sotheby's International Realty as Its Exclusive Sales Agency

    United Arab Emirates -  April 05, 2021:   The Residences at The St. Regis Al Mouj Muscat has announced the appointment of Oman Sotheby’s International Realty (OSIR) as its exclusive sales agency for its branded luxury apartments resting on the shores of Oman. Recently launched by Alfardan Group, OSIR falls under the umbrella of leading high-end property international brokerage firms around the globe, Sotheby’s International Realty. The OSIR office is located on the 2nd floor at Finaa Alfardan and will be headed by Faisal Al Shanfari as the Country Manager. Boasting an exclusive and robust portfolio of luxury real estate properties across the world’s most premium addresses and locations, the realty will manage the portfolio for The Residences at The St. Regis Al Mouj Muscat marking a key milestone ......read more

    Mohammed bin Rashid Approves Emirates Development Bank Strategy

    • Mohammed bin Rashid: Advancing the national economy is a top priority that requires a joint effort of all our economic entities in the coming phase • Mohammed bin Rashid: We must adopt a distinctive vision that meets global trends and sustains development to maximize the industrial sector’s revenue and boost the broader economy   Emirates Development Bank’s Strategy Pillars: • Acting as the financial arm of “Operation 300bn” that aims to develop the UAE industrial sector • Financing more than 13,500 Small and Medium Enterprises (SMEs) and creating 25,000 jobs • Allocating a portfolio of AED30 billion to support priority industrial sectors over a period of five years • Boosting the national economy and providing the largest support network for the industrial ......read more

    Former Prime Minister of Pakistan H.E. Shaukat Aziz and Indian IT Billionaire Sridhar Vembu to headline the Fourth ABLF Talks Virtual Conclave in 2021 on April 6

    The ABLF, Asia’s most influential leadership platform, is being held in partnership with Indian conglomerate Aditya Birla Group as well as Etisalat and Aster DM Healthcare.  Dubai, UAE, 04 April 2021:  Former Prime Minister of Pakistan and Chairman of the Boao Forum for Asia, H.E. Shaukat Aziz, Indian Billionaire and CEO, Zoho Corporation, Sridhar Vembu and Yu Tao, President and CEO, China State Construction Engineering Corp Middle East (CSCEC ME), are three of the top dignitaries who will be sharing their perspectives at the Fourth ABLF Talks Virtual Conclave of 2021 on April 6, to be held at the cutting edge virtual venue the ABLF City. The event is being held in partnership with global Indian conglomerate, the Aditya Birla Group who joins the platform as Platinum Partner. The Conclave is also supported by a ......read more

    Innovation and International Business Potential of UAE-Israel-India Pegged at USD 110 Billion by 2030

    United Arab Emirates -  April 05, 2021:  An exclusive event of the International Federation of Indo-Israel Chambers of Commerce (IFIICC) was organized today to discuss the ongoing business collaborations being pursued through IFIICC leadership across sectors by Mr. Kamal Vachani who was recently appointed the Hon. President for UAE of IFIICC.  Ambassador Ilan Sztulman Starosta, Head of Mission Consulate of Israel to Dubai said “The international business potential backed by Israeli innovation, UAE’s visionary leadership and strategic partnership of both nations with India could be USD 110 billion by 2030.”   Dr Ahmed Abdul Rahman AlBanna, Ambassador of the UAE to India and Founding Patron of IFIICC, said, ”UAE and India bilateral trade is projected to grow from USD 60 billion in ......read more

    The Heart of Europe to Deliver the Middle East's Largest and Most Sustainable Swimming Pool as it Prepares to Open the French Riviera in Dubai

    • Grand Azur is eight times larger than an Olympic swimming pool and will be the lifestyle hub linking a quartet of boutique hotels at the centre of the glamourous Côte d’Azur resort   • Measuring 12,000 square metres, it will be the largest and the most sustainable pool in the Middle East and be part of Côte d’Azur Resort at the Heart of Europe leisure tourism destination       United Arab Emirates -  March 31, 2021:   Sustainability and Mediterranean lifestyle will define regional record-breaking swimming pool with ‘living’ lagoons mimicking beautiful French coastline while embracing four distinctive boutique hotels opposite the Dubai skyline.   Monaco will be first of Côte d’Azur’s luxury hotels to welcome visitors seeking ......read more

    MMA Announced SMARTIES MENA 2020 Winners on March, 29 2021!

    United Arab Emirates -  March 30, 2021:  MMA SMARTIES honoured the most innovative and effective modern marketing campaigns that ran across the Middle East and North Africa region during 2020 at the Virtual Ceremony held after the inspiring MMA MENA Creativity Unplugged Event. The event featured “Best Cases of MENA” session held by Abdullah Ghandour, Digital Communications Manager of Etisalat, Banali Malhotra, Marketing Director of RAKBANK and Samer Chebab, Regional Head of Social Media, Mindshare MENA, who raised the SMARTIES Trophy in 2019 with their winning campaigns and guided the attendees through their winning campaigns and results right before the MMA MENA SMARTIES Virtual Awards Ceremony.    MMA MENA Creativity Unplugged 2021 Brought Together Marketing Thought Leaders, Tech Experts ......read more

    Compliance Risks within the Life Sciences Industry Increase during Covid-19 Pandemic: new KPMG Report

    • KPMG’s inaugural report highlights emerging compliance issues in the sector • Bribery of healthcare professionals and misuse of charitable donations identified as significant compliance risks   United Arab Emirates -  March 29, 2021:   More than a third (39%) of the Middle East’s Life Sciences industry leaders identify bribery and corruption as the biggest compliance risks faced by the industry, according to a new KPMG study. KPMG’s first-ever Middle East Life Sciences compliance survey polled multinational Life Sciences companies in the region, as well as large regional manufacturers and distributors, on compliance challenges that cropped up during the pandemic.    Nicholas Cameron, Head of Forensics KPMG Lower Gulf said: “Life Sciences businesses have ......read more

    ionBench® Manufacturer of Mobile Benches for Scientific Instruments in the GCC

    Dubai, United Arab Emirates –March 29, 2021 – ionBench®, a renowned French manufacturer of mobile benches for scientific instruments, especially designed for Mass Spectrometers announces the availability of its products and latest innovations in the UAE, Saudi Arabia, Qatar, Kuwait and Bahrain. Supplying to pharmaceutical, environmental, clinical and university laboratories, and camel ride drug testing laboratories, ionBench® products are designed to ease the day-to-day use of Liquid Chromatography / Gaz Chromatography/Inductively Coupled Plasma/Mass Spectrometer systems, by providing a significant number of features that make working conditions better for scientists and technicians.   ionBench® introduces dedicated benches for LC/GC/ICP/MS. They are movable with lockable casters and they save space. ......read more

    Burgan Bank Rewards its Customers with a 15% Discount in Partnership with “The Pet Lobby”

    Kuwait – 29, March 2021:  Burgan Bank continuous to reward its customers with a special offer in partnership with “The Pet Lobby”, a leading pet store for dogs and cats in Kuwait. Burgan Bank customers can now enjoy 15% discount on all supplies and services when using any of Burgan Bank cards.  Ms. Dana Al-Nesef, Manager- Product and Segments at Burgan Bank said: “Burgan Bank always seeks to support and encourage local businesses and motivate young entrepreneurs, and will continue to provide the best in class services and offers that suits the customers daily lifestyle”   The Pet Lobby is a locally started business and is a one stop shop for boarding, grooming, training, and all your pet needs. 

    ...read more

    Mubadala to Invest in Premium Ophthalmic Lens Innovator Rodenstock

    United Arab Emirates -  March 28, 2021:  Mubadala Investment Company today announced that it would invest in Rodenstock Group (“Rodenstock”), the leading manufacturer of premium ophthalmic lenses, as a minority investor alongside Funds advised by Apax (the “Apax Funds”).  Founded in 1877, Rodenstock has been a global leader in prescription lenses for over 140 years, with a strong track record of innovative product development and market leading technologies. Headquartered in Munich, Germany, Rodenstock employs around 4,900 people worldwide and is represented by sales subsidiaries and distribution partners in more than 85 countries.  Rodenstock has a strong portfolio of innovative technologies; its patented “DNEye Pro” technology is at the heart of its business strategy ......read more

    Other Top Stories from Banking and Investments
     
    Statement by Alexander van ‘t Riet, CEO of Mai Dubai on World Earth Day 2021

    April 21, 2021: The occasion of World Earth Day is a yearly reminder for mankind to protect and safeguard planet earth and its species; to make Earth a better place for future generations. The UAE attaches great significance to preserving the integrity of the planet and promoting sustainability, as reflected in the tremendous efforts and significant achievements made by the country in this field. Drawing inspiration from these initiatives, and staying true to our core values, Mai Dubai continues to contribute to making this country a better, more sustainable place for ourselves and future ......read more

    Al Ansari Exchange announces the launch of 2021 Summer Promo

    On the Lookout for their Next Millionaire April 20, 2021 – In line with their continuous efforts to reward customers and make a positive impact on their lives and the economy, Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, launched their annual Summer Promotion, the biggest and much-awaited campaign in the industry. The prizes include a grand cash prize of AED 1 million, a brand-new BMW, one kilo of gold and much more.  The promo started today and will run until July 20, 2021. The winners will be announced during a live draw on July 27, ......read more

    World Free Zones Organization to boost free zones' significant role in global economic recovery through new advisory services

    New ‘Free Zone Laboratory’ designed to develop free zone operations led by industry experts April 13, 2021: In a first of its kind initiative aimed at empowering free zones around the world through expert advice and guidance, World Free Zones Organization (World FZO) has announced the launch of the ‘Free Zone Laboratory’. The unique initiative features an array of advisory services which will help develop the operations of free zones and enable them to boost their contribution to the global economy. Dr. Mohammed Al Zarooni, Chairman of World FZO, said: “The ......read more

    FreeZoneMarket.ae: Find Your Zone. Free.

    The Right Zone | No Agent | Free Service   Freezonemarket.ae is an online platform where business owners can set up and renew their company and get assistance with visas, banks, accounting, auditing, and taxes. Merritt Middle East DMCC, a leading corporate service provider just launched their new Free Zone Registry service, an online platform called FreeZoneMarket.ae, which allows entrepreneurs to compare UAE Free Zones and then register or renew their license by themselves, online, for free. FreeZoneMarket.ae lists more than 40 Free Zones within the UAE. It is the most ......read more

    Commodity Sentiment Hurt by China, Dollar and Virus Focus

    United Arab Emirates -  March 28, 2021:  The Bloomberg Commodity index, currently down 2.3% on the month, is on track to record its weakest month since last September. A weak sentiment in Asia has taken over as a factor supporting the dollar thereby driving consolidation in a widening number of commodity prices, most lately industrial metals.  Adding to the current loss of momentum has been the surge in U.S. treasury yields, lockdown extensions and vaccine hiccups in Europe as well as signs that China has begun scaling back its massive stimulus program which supported ......read more

    Akhbar Al Aan calls on youth to participate in its newly launched ‘Your Story on Akhbar Al Aan' campaign

    Campaign offers more media space to younger generation by meaningfully engaging them in news content creation March 27, 2021: ‘Akhbar Al Aan’ announced the launch of its ‘Your Story on Akhbar Al Aan’ campaign to encourage younger audiences, including social media savvy ‘TikTok’ users to share their inspiring stories, experiences, achievements and challenges that have dramatically transformed their lives. As today’s younger generations spend most of their time watching television or on social media, the campaign uniquely brings together both mediums ......read more

    Badiri's New International Programme Furthers UAE's Enabling Environment For Female Entrepreneurs to Thrive

    In partnership with the UAE’s Ministry of Economy and local and international institutions      • Offers integrated entrepreneurship training for UAE-based women to grow business ideas into pilot projects and startups • Programme includes 6 learning modules, 7 workshops, project visits to successful enterprises and one-on-one mentorship • Sharjah Business Women Council will aid participants in setting up their business    HE Reem BinKaram: Encouraging and supporting female entrepreneurs begins with equipping them with ......read more

    EI-Technologies MENA Reinforces its Regional HQ in Dubai to Boost Businesses in their Digital Transformation

    Aimed at providing a better digital experience for both their clients and employees, EI-Technologies MENA teams introduce a new approach of tailored solutions integrating World-Class CRM. Dubai, United Arab Emirates – March 24,  2021: EI-Technologies MENA by Neo-Dis.com, the leading CRM partner providing technology consulting services and CRM multi-cloud implementation in the Middle East, is reinforcing its regional presence in the UAE to further expand its reach in the MENA region, with an aim to support businesses in their digital transformation using robust and innovative ......read more

    SolarWinds Head Geeks to Discuss Next Normal Network Improvements Needed at Cisco Live! 2021

    Company to showcase IT monitoring tools NetPath, PerfStack, and Orion Maps    March 24, 2021:  SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced its participation at the Cisco Live!® global digital event, March 30 – April 1, 2021. The company will showcase three key IT monitoring tools—NetPath™, PerfStack™, and Orion® Maps—beneficial to monitoring newly implemented technologies as part of the IT response to support distributed and remote workforces precipitated by COVID-19 and ......read more

    Verloop.io Partners with Emirati-based AHAD to Bring Conversation AI to Middle Eastern Markets

    ●  The partnership will enable AHAD and Verloop.io to bring Secure Conversational AI for Middle Eastern-based enterprises  ●  AHAD’s clients include the government, Fortune 500 companies, healthcare, banking and finance and start-ups.  ●  As per the agreement, AHAD will be given rights to market, promote and license Verloop.io’s solutions within the region.    Dubai - 23 March 2021: Customer Support automation company Verloop.io.in today announced that it has partnered with AHAD Information Technology ......read more

    IFS Acquires Axios Systems

    • IFS further extends stronghold in service management with additional Enterprise Service Management capabilities • With Axios Systems’ leading ITSM & ITOM solutions, companies can design, automate, and simplify workflows along the value chain and deliver amazing   Moments of Service   Dubai, United Arab Emirates - March 23, 2021:  IFS, announces it has signed a definitive agreement to purchase Axios Systems PLC, a global provider of cloud-based Enterprise Service Management (ESM) software. Recognized as a leader in IT Service Management ......read more

    ABB Technology to Power World's Largest Seawater Desalination Project

    United Arab Emirates -  March 23, 2021:   ABB technology is being used to build the world’s largest desalination plant in Taweelah, Abu Dhabi, United Arab Emirates. The USD 500 million development will have the capacity to process over 900,000 cubic meters of seawater per day, enough to meet the demands of over 350,000 households.  Approximately 45 kilometers north of Abu Dhabi city, the Taweelah project will be the first reverse osmosis independent water project in Abu Dhabi which will desalinate seawater for supply to local communities and industry in the ......read more

    At Zoholics Dubai, Zoho Announces Expansion Plans for the MEA Region

    Will open offices, hire locally, open data centres, and invest in partnerships and initiatives to benefit local communities and create self-reliant regional economies.    United Arab Emirates -  March 23, 2021:   Zoho, the global technology company offering the most extensive suite of business software in the industry, on the occasion of its annual user conference, Zoholics Dubai, announced its plans to implement transnational localism in the Middle East and Africa (MEA) region. Transnational localism is about being locally rooted, while staying globally ......read more

    News Direct and Media OutReach Form Distribution Partnership for Asia Pacific and America*

    Two Industry Disruptors Share Their Strong Distribution to Benefit Global Clients March 22, 2021:   News Direct and Media OutReach - two newswires that are revolutionizing the news distribution industry with advances in technology, analytics, security and workflow - have entered into a reciprocal press release distribution arrangement covering the United States and Asia Pacific region. Media OutReach clients will benefit from News Direct's full-fledged access to The Associated Press distribution network in the US, which includes the nation's leading newspapers, ......read more

    UAE Retail Sales Forecast to Hit $58 Billion in 2021: Analysis

    • Pent up consumer demand, progress of Covid-19 vaccination drive and Expo 2020 Dubai among key factors supporting positive outlook for UAE retail market.   • UAE currently leads the Middle East and North Africa region in household spending on e-commerce at $2,554 per household.   United Arab Emirates -  March 21, 2021:  Retail sales in the UAE are expected to rebound and grow by 13% to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the year, Covid-19 vaccination efforts and Expo 2020 Dubai, new ......read more

    UAE Tops Mena Region as Most Active in CSR

    • Cicero & Bernay Public Relations and YouGov launch first annual regional corporate social responsibility survey report. • The questions were curated and formulated to best emphasise and reflect the current CSR ecosystem pre- and post-COVID-19. • 9 in 10 UAE executives acknowledge the impact of CSR. • Saudi Arabia ranks second in adopting CSR as a way of life for businesses. • The majority of regional leaders say COVID-19 positively impacted CSR plans.   Dubai, UAE - 21st March 2021:  The UAE has emerged as a regional leader in ......read more

    Earth Hour 2021 Calls for Urgent Action to Set Nature on the Path for Recovery

    • Scientific evidence shows that nature loss is linked to an increased risk of pandemics. • On March 24, ‘Earth Hour 2021 – Let’s Speak Up for Nature’ virtual event will spotlight inspiring UAE-based speakers across businesses, the government and youth, who are making a difference within their communities.  • To ensure public safety as COVID-19 restrictions continue, Earth Hour will be celebrated virtually.   Abu Dhabi, United Arab Emirates – March 21, 2021: On Saturday, 27 March at 8:30 p.m. UAE time, Emirates Nature-WWF is ......read more

    ADEK Opens Application for Abu Dhabi Scholarships for Distinguished Students

    • Application opens 21 March and closes 3 April for high-performing Emirati Grade 12 / Year 13 students and undergraduates aged 24 and under  • Students accepted at the world’s top 20 universities are eligible for a fast-track scholarship application process • Outstanding Abu Dhabi scholars to receive end-to-end academic, career and personal development guidance in-line with the emirate’s future labor market needs   Abu Dhabi, UAE – 20 March 2021: The Abu Dhabi Department of Education and Knowledge (ADEK) announced opening application for ......read more

    Bybit Adds ADA, DOT and UNI to Its USDT Margined Offerings

    SINGAPORE - Media OutReach - 18 March 2021 - Cryptocurrency derivatives exchange Bybit has announced today the arrival of three new USDT trading pairs with Cardano's ADA, Polkadot's DOT and Uniswap's UNI.   The introduction of these new trading pairs is the second expansion of Bybit's markets in as many weeks, following the arrival of BTCUSD0625 futures contract on March 11. ADA/USDT, DOT/USDT and UNI/USDT join the existing linear perpetual trading pairs of BTC/USDT, ETH/USDT, LINK/USDT, LTC/USDT, XTZ/USDT and BCH/USDT, as well as Bybit's inverse perpetual and ......read more

    News Direct and Media OutReach Form Distribution Partnership for Asia Pacific and America

    Two Industry Disruptors Share Their Strong Distribution to Benefit Global Clients 18 March 2021:  News Direct and Media OutReach - two newswires that are revolutionizing the news distribution industry with advances in technology, analytics, security and workflow - have entered into a reciprocal press release distribution arrangement covering the United States and Asia Pacific region.   Media OutReach clients will benefit from News Direct's full-fledged access to The Associated Press distribution network in the US, which includes the nation's leading newspapers, ......read more

    Fintech Startup M2P Solutions-YAP Raises $10million in Series B Funding

    Fintech startup YAP will use the funding from investors Flourish Ventures and Omidyar Network India to fuel its overseas expansion and strengthen its team via fresh recruitments. Date: Abu Dhabi, UAE; March 18, 2021:  Fintechstartup M2P Solutions- YAP has raised $10 million (Dhs 36.7 Mn) in a Series B funding that was co-led by Flourish Ventures and Omidyar Network India at an undisclosed valuation. YAP’s existing investors—Beenext, 8i Ventures and Better Capital—also participated in the financing round. This is a second fundraising for YAP in less than a ......read more

    Provence (South of France region) is Boosting Efforts to Develop Bilateral Cooperation with Economic Stakeholders in the Middle East

    o Part of the economic dialogue between France and the United Arab Emirates o Keynote speech from Port of Marseille-Fos during the UAE-France Business days   United Arab Emirates - March 17, 2021:  As part of the UAE-France Business Days that will be held from 22 to 24 March to strengthen trade links between the United Arab Emirates and France, Aix-Marseille-Provence – the #2 French metro area – will promote its advantages to economic stakeholders in the Middle East.   In the lead-up to the Expo 2020 Dubai UAE, which runs from 1 October 2021 to ......read more

    Brazil's trade flow with Arab countries reaches USD 2.56 billion in Jan and Feb 2021

    Year-on-year performance climbs 12.5 per cent March 17, 2021- Brazil’s trade balance with Arab countries recorded an increase of 12.5 per cent in January and February 2021 compared to its performance from the same months a year ago, posting a total value of USD 2.56 billion. The latest figures were released by the Arab-Brazilian Chamber of Commerce (ABCC), which highlighted that the surplus results maintained a positive performance. In the first two months this year, the Brazilian exports to Arab countries reached USD 1.78 billion, up by 12.69 per cent from 2020. Rubens Hannun, ......read more

    Hitachi ABB Power Grids and Yinlong Energy Collaborate to Make Urban Bus Transportation Green and Cities Carbon Neutral

    The combined offering provides urban transportation operators with a complete, one-stop shop e-mobility solution to reduce city air and noise pollution Dubai - 16 March, 2021: Hitachi ABB Power Grids today announced it has signed a memorandum of understanding with Yinlong Energy, one of the world’s largest manufacturers of electric buses, to help cities speed up their transition to emission-free electric bus transportation and cleaner city air.  By combining their technology leadership and expertise, the two companies offer customers a complete optimized e-mobility solution, ......read more

    BofA - Energy Forecast Changes - $63/bbl Brent and $60 WTI in 2021, and $60 and $57 in 2022; Impact on Oil Stocks

    Energy forecast changes; impact on oil stocks BofA Global Research Media Relations Energy reports Global Energy Weekly: All things thrive at thrice US Oil and Gas: Value framework in practice: adopting $60 Brent base case, hi-grading stock selection Oilfield Services: Watching OPEC policy closely as artificially inflated oil prices tempt US Shale LatAm Oil & Gas: Rising oil tide bests politics: Raise Petrobras to Neutral; Ecopetrol to Buy European Oil & Gas: Fast-track on redemption roadmap Oils E&P Sector: Brent to $60 for longer: best picks for ......read more

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