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    Featured in Banking and Investments
    Latest PGA Tour Winner Kevin Na Joins Strong American Contingent vying for 2021 Saudi International powered by SoftBank Investment Advisers Title

    Strong list of partners gather in support of third edition; SoftBank Investment Advisers, Ministry of Sport, Public Investment Fund, Aramco, King Abdullah Economic City (KAEC),  SAMBA,  Saudia,  Invest Saudi, Sky Prime, GIB, STC, Rolex, Saudi Cargo, Saddik & Mohamed Attar, UMA Premium,  Mix FM,  Nova, Adidas, Al Laith, Luxury Carts, Reza Hygiene and Royal Greens Golf & Country Club. 19 January 2021:  Five-time PGA Tour winner Kevin Na, who won the PGA Tour’s Sony Open in Hawaii on Sunday, is the latest American star to enter the 2021 Saudi International powered by Softbank Investment Advisers, Royal Greens Golf & Country Club, 4 – 7 February 2021. The third edition of the Saudi International powered by Softbank Investment Advisers sees the strongest field gathered in ......read more

    Women add US$5 Trillion to Global Wealth and Control 32% of Wealth, Experts at RetailME Conference Concur

    The UAE government is driving initiatives to address gender equality in the workforce directly. It pledged $50 million to the Women Entrepreneurs Finance Initiative fund in 2017, leading to the closure of 64 percent of the overall gender gap in the UAE workforce.   Date: Dubai, UAE - January 19, 2020    1. Women entrepreneurs add US$5 trillion to global wealth pool every year 2. Women currently control 32 percent of the global wealth 3. Women influence 85 percent purchase decisions in the retail sector 4. According to She Means Business’ exclusive partner, Visa, as much as 90 percent of companies in the UAE surveyed by the global payment leader expect the business will return to business normalcy in 2021   Dubai, UAE: Legal and social barriers that exist for women’s access to ......read more

    BofA - Global Energy Weekly: Oil ahead of the Curve

    Rallying spot oil prices lead the curve into backwardation  United Arab Emirates -  January 19, 2021:    The Brent crude oil curve has firmly flipped into backwardation. Expectations of large oil inventory declines in the months ahead have grown on an extension of OPEC+ cuts into 1Q21 and the distribution of a number of Covid-19 vaccines. The flip side of crude oil markets going into backwardation is that, while spot oil prices have rallied, long-dated Brent and WTI prices are now lower than they were in June last year, keeping a lid on new investment. Also, while new virus strains in the UK and other locations have led to more lockdowns, fuel substitution is likely supporting oil demand too. One example is Asian spot LNG cargoes recently trading at $195/boe on robust winter demand. Because of this, oil is ......read more

    Ogilvy Names James Kinney as Global Chief Diversity, Equity & Inclusion Officer and Chief People Officer for North America

    January 17, 2021:   Ogilvy announced today that James Nicholas Kinney has been appointed Global Chief Diversity, Equity & Inclusion Officer and Chief People Officer for North America.  In North America, James will oversee all aspects of talent management, recruitment, learning & development, and wellbeing working with Jag Dhanji, who was recently appointed Global Chief People Officer, and Devika Bulchandani, who is joining the company as CEO of Ogilvy North America.  As Global Chief Diversity, Equity & Inclusion Officer he will partner with leaders across the company’s global network to develop and evolve practices, policies, and programs to ensure Ogilvy has a strong culture of belonging — one that fosters an open environment for everyone to thrive and be their authentic selves. Kinney ......read more

    World Gold Council ETF 2020 Report and Gold Outlook 2021

    The World Gold Council has released its Gold Outlook 2021 as well as its ETF Flows report for December (and the full year 2020).   The 2021 Outlook envisages another well supported year for gold investment (after finishing 2020 up 24%), while consumption should benefit from the nascent economic recovery, especially in emerging markets.    The report includes analysis based on the WGC's gold valuation tool Qaurum which suggests gold's performance may be boosted further by the prolonged low interest rate environment which all but removes the opportunity cost of investing in gold.  Pulling from his work on World Gold Council’s newly released 2021 Gold Outlook, Krishan Gopaul, Market Intelligence Manager, World Gold Council, is available to discuss the following key themes for gold in ......read more

    Litigation Boutique Zaiwalla & Co Successfully Overturns Controversial Judgment in Venezuela Gold Case

    United Arab Emirates -  January 13, 2021:    Litigation boutique Zaiwalla & Co successfully overturns controversial Judgment in Venezuela gold case for the return of gold valued at $1.8bn. In a Judgment handed down on 05 October 2020, the English Court of Appeal granted the appeal of Zaiwalla’s client, Banco Central de Venezuela (BCV). This case raises many interesting questions on international law and has been widely covered in the international press. Mr Zaiwalla was recently named The Times Lawyer of the Week for his efforts on this case.   Zaiwalla & Co is a specialist international arbitration and litigation law firm based in London. It is the first English solicitors firm in the one square mile financial district of the City of London started by a solicitor born outside of Europe. The firm ......read more

    Samsung Introduces Latest Innovations for a Better Normal at CES 2021

    Samsung enhances the home experience with products like Samsung Bespoke 4-Door Flex,  110-inch MICRO LED, and JetBot 90 AI+. Continuing sustainability efforts, Samsung announces Galaxy Upcycling at Home  and expansion of eco-packaging for TV products in 2021   January 12, 2021:  Samsung Electronics Co., Ltd. shared its vision for the future at the 2021 Consumer Electronics Show (CES). The company introduced new products at its virtual press conference, showing how it’s continuing to innovate by creating solutions that are flexible, intelligently connected, and use AI to understand context to make daily life seamless.        “Our world looks different, and many of you have been faced with a new reality–one where, among other things, your home has taken on ......read more

    Legal Experts Advise Businesses on Key Considerations for Successful Commercial Contracts

    - Recent Dubai Chamber webinar, organised in cooperation with The Jorgensen Law Firm PLLC and Ince & Co Middle East LLP/Dubai Branch, highlighted key considerations for drafting clear and effective contract provisions.   United Arab Emirates -  January 12, 2021:  Dubai Chamber of Commerce and Industry, in cooperation with The Jorgensen Law Firm PLLC and Ince & Co Middle East LLP / Dubai Branch, recently organised a webinar advising businesses on key considerations for successful commercial contracts.   The webinar was attended by 285 participants, including business owners, managers, contract specialists, procurement officers, legal and human resources professionals representing a wide range of economic sectors. The session was moderated by Paul C. Jorgensen, Attorney at-The Jorgensen Law Firm ......read more

    Alfardan Properties renews ISO 9001:2015 Certification

    10 January 2021:  Alfardan Properties has announced the renewal of ISO 9001:2015 certification of its Quality Management System (QMS) following a successful audit by Lloyd’s Register Quality Assurance. The recertification affirms the company’s commitment to develop luxurious properties that provide quality leasing and property management services. The ISO 9001:2015 is an international standard which focuses on several quality management principles including a risk-based process approach towards aligning the quality of products and services with the organisation’s business strategy, a strong focus on continuous improvement and customer satisfaction. Commenting on successfully renewing the certification, Mohamed Sleiman, Chief Operating Officer of Alfardan Properties stated: “We are extremely pleased ......read more

    Dr. Siddeek Ahmed Honored with Pravasi Bharatiya Samman Award

    ERAM GROUP CHAIRMAN AND MANAGING DIRECTOR IS ONE OF ONLY 3 RECIPIENTS FROM THE REGION United Arab Emirates -  January 10, 2021:   Pravasi Bharatiya Samman Award (PBSA) is India's most prestigious award for non-resident Indians is a recognition of the contributions made by a member of the Indian community and their tangible involvement in acts of charity, philanthropy and social upliftment.  Conferred by the President of India as a part of the Pravasi Bharatiya Divas (PBD) Conventions organized annually since 2003, it also acknowledges the winner's support and contribution in multiple fields of endeavor including education, business, medicine and employment opportunity. The 2021 Pravasi Bharatiya Samman Award (PBSA) has been won by Dr. Siddeek Ahmed, Chairman and Managing Director of Eram Group, a ......read more

    Cisco Reveals the Top 6 Tech Trends for 2021 and Beyond

    From a greater adoption of sensors to a password-less future and closing the digital divide, 2021 will accelerate technologies that allow for more agility, resilience, and innovation 06  January 2021:  Cisco has revealed the top tech trends for 2021 and beyond with technologies that enable businesses to be more agile, resilient, and better prepared for unexpected challenges coming to the fore. In 2020, the arrival of future digital transformation occurred far faster than expected and research from Cisco expects this trend to continue during 2021. “As the pandemic unfolded, we worked with our customers to move from business continuity to business agility. We also helped to deliver and scale innovative application experiences faster than ever before. With those changes in mind, we see six key trends defining the near ......read more

    The General Secretariat of the GCC Announces the Successful Conclusion of the 41st Annual Summit

    United Arab Emirates -  January 06 2021:  The General Secretariat of the Cooperation Council for the Arab States of the Gulf (GCC) announced today the conclusion of the 41st GCC Summit, in the city of Al-Ula, Northwest of the Kingdom of Saudi Arabia. The Summit was chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud Crown Prince, Deputy Prime Minister of the Kingdom of Saudi Arabia and attended by their Highnesses and Majesties leaders of the six member states and H.E. Dr. Nayef Falah Al-Hajraf, GCC Secretary General.  At the conclusion of the summit, The GCC Secretary General, H.E. Dr. Nayef Falah Al-Hajraf expressed his gratitude towards their Majesties and Highnesses of the GCC for their unequivocal efforts in making this historic summit a success, demonstrating the unwavering ......read more

    LG Introduces Designer Appliances at CES 2021

    Variety of Colors and Materials Cater to Different Tastes,  Blend Seamlessly with Any Home Interior DUBAI, UAE - Jan. 4, 2020:  LG Electronics’ Furniture Concept Appliances are making their anticipated global debut at CES® 2021 with an interactive experience that lets attendees design a virtual living space with appliances that can be customized to their liking. These new products from the world’s leading home appliance company blur the line between state-of-the-art home appliances and designer furnishings. Included in the collection are InstaView® Door-in-Door® refrigerator, Fridge and Freezer pair, microwave, dishwasher, water purifier, WashTower™ and Styler. The ability of these products to integrate effortlessly in any environment is enhanced by the diversity of luxurious ......read more

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    The Big Heart Foundation Pledges AED 1.15 Million to Support Healthcare and Education Initiatives in Egypt

    Two humanitarian projects are being executed in partnership with non-profit entities based in Egypt Mariam Al Hamadi: TBHF seeks to empower beneficiaries and engage with communities to target efforts and resources to better address the needs of children   January 03, 2021:   The Big Heart Foundation (TBHF), a Sharjah-based global humanitarian organisation dedicated to helping people in need worldwide, is funding two humanitarian projects in Egypt in a bid to create more opportunities in education and to support the healthcare services of a charitable children’s hospital.  Under the directives of Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of His Highness the Ruler of Sharjah, Chairperson of The Big Heart Foundation (TBHF), the global humanitarian organisation has allocated total ......read more

    Global Economics: 2021 – The Year Ahead: Once More Into the Breach

    Middle East: bumpy road to a deal   Iran: tensions key to geopolitical risk premium Our understanding from our virtual meetings is that both Iran and the US are likely to be incentivised to reach an agreement under a Biden presidency, but a comprehensive agreement is likely to take time. As such, any material return of Iranian oil to global markets is unlikely near-term. Iran's usable reserves could now be as low as US$9bn. Hence, its ability to maintain the status quo is uncertain. A key date could be June 2021 when Iran is scheduled to hold presidential elections. The leaning of the next Iranian president could provide a key signal about the Iranian regime intentions. An interim agreement (similar to that of November 2013) to freeze the Iranian nuclear program and further US sanctions, alongside limited sanctions ......read more

    FERG Survey Finds Industry Optimistic About Financial Services in the UAE for 2021

    • 56% of respondents agreed that the outlook for remittances remains positive for the coming year • Companies rate changing demographic, labour mobility, unemployment and current pandemic as top concerns that could affect business   Dubai, UAE 30 December 2020:  Despite being affected by COVID-19 pandemic, members of the Foreign Exchange and Remittance Group (FERG) are hopeful for better days ahead. According to findings from a new survey conducted by FERG, majority of the exchange and remittance houses remain bullish on the future of the industry and have surveyed a positive outlook for foreign exchange and remittance business in the UAE. The study compiled responses from all members of FERG, which includes top exchange and remittance companies in the UAE, and analysed the projected impact of COVID-19, ......read more

    Nikai Group to Repay Full Salaries to Employees

    Dubai 30, December 2020: Year 2020 has been a nightmare for businesses across the globe. The Coronavirus (COVID-19) continues to spread as businesses are facing weakened financial markets, disruption to workplace operations and economic uncertainty. The pandemic has had a severe impact across industries leading to multiple layoffs and salary cuts. The NIKAI Group of companies was no exception to this wave of cost cutting measures initiated by businesses in their attempt to survive and stay relevant. As the old adage goes, ONLY THE FITTEST SURVIVE! The Chairman and Founder of Nikai Group, Paras Shahdadpuri has always stood by the fact that he sees employees as not just salaried workers, but as partners in progress and as members of one extended family, the NIKAI FAMILY. Hence in this pandemic induced crisis, it was a difficult decision ......read more

    GCC Secretary General Delivers Formal Invitation to The Amir of Kuwait to attend the 41st GCC Summit

    28 December 2020:  The General Secretariat of the Cooperation Council for the Arab States of the Gulf (GCC) announced today that the Secretary General H.E. Dr. Nayef Falah Al-Hajraf, delivered a formal invitation from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of the Kingdom of Saudi Arabia, to His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah the Amir of Kuwait, to attend the 41st GCC Summit being held in the Kingdom of Saudi Arabia on January 5, 2021.   H.H. Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, received the Secretary-General, Dr. Nayef Falah Mubarak Al-Hajraf at Seif Palace.    The GCC Secretary General, H.E. Dr. Nayef Falah Al-Hajraf, said: “I had the honor to personally deliver King Salman bin Abdulaziz Al Saud’s invitation to H.H. Sheikh Nawaf Al-Ahmad ......read more

    Abu Dhabi Securities Exchange (ADX) Lists EasyLease on its Second Market

    ABU DHABI, 28 December 2020:  Abu Dhabi Securities Exchange (ADX) announced that EasyLease P.J.S.C has listed its shares on ADX Second Market, under the ticker symbol EASYLEASE, and trading begins on the shares today. The company’s nominal value of share capital is AED 30 million, with 30 million shares and each share having a nominal value of AED 1. This listing brings the number of securities listed on ADX to 90. EasyLease, a subsidiary of International Holding Company (IHC), provides turnkey, ready to go leasing solutions for customers’ motorcycle fleet needs. The company was established in 2011 and had assets of AED 74.1 million as at the end of September 2020. On this occasion, Mr. Saeed Hamad Al Dhaheri, Chief Executive of ADX, said: “We welcome EasyLease on the Second Market. It is the fourth ......read more

    Deloitte's UAE Tax Practice has been Globally Recognized by the ITR in their 2021 World Tax and Transfer Pricing Guides

    United Arab Emirates -  December 27, 2020:   The International Tax Review (ITR) has awarded Deloitte’s United Arab Emirates (UAE) Tax practice with a number of accolades in their 2021 Guide to the World’s Leading Tax Advisers. One of the key accomplishments includes a tier one ranking for Tax.  ‘We are pleased to receive this recognition. It is an acknowledgment that reaffirms our ability and commitment to the Middle East. Change remains the one constant in the region's tax environment, we are pleased to be able to lead through uncertainty,’ said Nauman Ahmed, Partner and Tax Leader, Deloitte Middle East. In this year’s guide, Deloitte’s Tax and Legal practices globally received 128 tier one rankings. As a continuing validation of the quality and breadth of services, ......read more

    Equity Trends in 2020 and What to Expect Next Year

    By Peter Garnry, Head of Equity Strategy at Saxo Bank    Summary:  This year has seen some dramatic trends from the crunch in value stocks to the outrageous performance of stocks exposed to the green transformation and the digital economy. We discuss all the themes this year and whether they will continue in 2021 or whether we will experience turn of events with new powerful themes emerging.   This year has surpassed even our wildest imagination with a global pandemic racing the world causing severe restrictions crumbling economic activity on a scale not witnessed since World War II. Despite this horrible backdrop we have witnessed some extraordinary events in global equity markets from large winners and losers across companies, industries, and countries. We look at this year’s trends and whether ......read more

    Jaleel Holdings partners with Softland to Digitalize its Field Distribution

    United Arab Emirates -  December 23, 2020:   Jaleel Holdings, the UAE-based investment company with a turnover of AED 1.8 billion, has announced implementation of a Sales Force Automation program in partnership with Softland India. With this program, Jaleel becomes the first wholesale business in the region to adopt the latest Android mobile app technology for field operations and vehicles fleet management.   Jaleel Holdings operates the region’s largest wholesale business and distribution of FMCG products, commodities, fresh fruits and vegetables with nearly 30,000 products covering over 15,000 businesses across the UAE.  Jaleel Holdings owns and operates Jaleel Cash & Carry, Jaleel Distribution, J-Mart Hypermarket, Jaleel Foodservice, Jaleel Fresh Produce, Jaleel Fruit & Vegetables, Al ......read more

    Global Energy Weekly: No Pain, No Gain for Refining

    Key takeaways    •        Mobility trends are rolling over from Europe to New York to California and point to soft gasoline demand this holiday season •        Refinery margins remain at low levels and will take time to recover due to weak consumption and a large capacity overhang •        Despite 1mn b/d of recently announced refinery closures ahead, continued lockdowns could cap summer 2021 gasoline cracks     Global refinery closures, extended shutdowns continue…   In our October refinery capacity update (see Refiners double down on low margins), we highlighted that global refining capacity could grow by more than 6mn b/d over 2021-23 without further refinery closures. Since that report, numerous ......read more

    Brazil Partners with 3rd Floor Public Relations for its Expo 2020 Pavilion's Integrated Communication

    United Arab Emirates -  December 22, 2020:    The Brazil pavilion at Expo 2020 Dubai has entrusted 3rd Floor Public Relations for managing its integrated communication plans. 3rd Floor Public Relations was awarded the assignment after a rigorous six-month tender process that witnessed the participation of several agencies from around the world. 3rd Floor Public Relations is a global integrated communication agency with operations in Shanghai, Hong Kong, Milan and Dubai. The agency works in the region for local government entities, breakthrough UAE brands and Expo 2020 country pavilions.  3rd Floor Public Relations will manage Brazil pavilion’s communication, including traditional and digital PR and Social Media in the UAE and the rest of the region.   Jacopo Stecchini, CEO of 3rd Floor Public ......read more

    Other Top Stories from Banking and Investments
     
    Ajman Free Zone's eight services obtain five-star rating given by Department of Digital Ajman

    Achievement reflects free zone’s efficient and excellent digital services January 3, 2021: The Ajman Free Zone (AFZ) has received a five-star rating given by the Department of Digital Ajman under the first phase of its ‘Star System for Governmental Digital Services Project.’ The high classification was granted after the free zone’s eight sub-services included in its main ‘Licenses and Lease Contracts’ service met all of the star system’s criteria. The distinguished achievement comes amid the Ajman Free Zone’s continuous efforts to leverage ......read more

    Rizek: First in the UAE to Bring Services and Products to One Platform

    December 22, 2020:  Picture this: You are planning to order a cleaning service. What would you consider before making the final decision - the number of helpers, the timing of their visit, the kind of service you exactly seek—or all of them? Probably all of them. But what about the cleaning products? What about the brands that will be used? Ideally, you would either have to visit the supermarket to pick up the products from the brands of your choice or order them online on a separate app or e-commerce website. With Rizek, you don’t.    Yes, you read it right! ......read more

    Trina Solar Vertex 210mm Modules Sets New Cost-Saving Standard According to DNV Gl

    United Arab Emirates -  December 20, 2020:   With its top-notch research and development of ultra-high-efficiency modules, Trina Solar has once again led the industry into the 600W+ era, with a variety of high-power, high-efficiency, high-yield and highly reliable products. Drawing attention from across the industry, Trina Solar’s innovative “low voltage, high string power ” design concept has certainly proven to be the best Levelized Cost of Energy (LCOE) reduction strategy according to a report by DNV GL.  Trina Solar invited DNV GL to evaluate such ......read more

    Qasr Al Watan Library Celebrates World Arabic Language Day with Special Virtual Event

    Abu Dhabi, United Arab Emirates – 20 December, 2020: To mark World Arabic Language Day, which falls on 18 December each year, Qasr Al Watan Library hosted Dr. Mohamed Safi Al Mosteghanemi, Secretary General of Sharjah's Arabic Language Academy, who presented a special virtual seminar entitled ‘How to Develop Arabic Linguistic Abilities’.   The seminar highlighted the concept of linguistic skills and how to properly acquire them, especially for children, while raising awareness of the importance of the Arabic language and its sciences. It also highlighted the steps ......read more

    WCU: Turbocharged Commodities Looking for more in 2021

    United Arab Emirates -  December 20, 2020:  Commodity markets maintained their strong momentum ahead of year-end as the so called ‘everything’ rally continues to be fed supportive news. Apart from the weaker dollar and vaccine optimism lifting the prospects for 2021, the market is also being supported by speculation about more near-term stimulus from governments and central banks.  These developments highlight the current challenge where markets are pricing in a brighter tomorrow while the pandemic is still raging across many countries, especially in ......read more

    Dubai Cranes Launches 8 New Models of Wire Rope Hoists Designed for Middle East Industries

    Manufactured with European components, hoists range from 3.2 tons to 40 tons in capacity Dubai, UAE, 19th Dec 2020: Dubai Cranes & Technical Services LLC, a leading manufacturer of overhead material handling equipment, specializing in advanced lifting solutions and maintenance services and a subsidiary of Dubai Investments PJSC, has announced the launch of 8 new models of wire rope hoists, ranging from 3.2 tons to 40 tons in capacity, designed specifically for the Middle East Industries. Manufactured using high-end European components and labelled the DXB Hoist series, the different ......read more

    RewirEdX Wraps Up the Pre-expo 2020 Dubai Knowledge and Learning Week With a Clear Vision to Foster Increased Collaboration and Boost Connectivity for Education, Learning and Livel

    • Countries shared experiences, organizations came together to collaborate, and front-line education stakeholders were firmly heard during the 2-day virtual conference • Dubai Cares and partners announce plans for a ‘Declaration on Connectivity’ that outlines a clear call to action to address key barriers to connectivity globally • Eyes on RewirEd Summit taking place 12-14 December 2021 in-person at Expo 2020 Dubai site • During the G20 Italian presidency, Education is expected to feature prominently      United Arab Emirates, ......read more

    Dubai Remains Preferred Market for Indian Retailers Eyeing Global Expansion

    • India-Dubai Retail Summit hosted by Dubai Chamber in cooperation with IMC Chamber joined by prominent CEOs representing UAE and Indian retailers.   • Khan: Changes to UAE foreign investment law enhances Dubai’s attractiveness as a hub for international retailers that has successfully adapted to new market conditions.    • India remains Dubai’s second largest trading partner with bilateral non-oil trade reaching AED 38.5 billion ($10.5 billion) in the first half of 2020.     United Arab Emirates -  December 17, ......read more

    Global Fund Manager Survey: The Reopening Trade

    Key takeaways    •         Most bullish 2020 FMS: cash down to 4% ("sell" signal) as vaccine hope induces 'buy the reopening' trade; B&B up to 6.7 •         Vaccine impact expected in Q2'21; risk-on AA continues to increase, big rotation to value, EM, discr., commodities, banks •         We say sell the vaccine; FMS contrarian trades: long cash-short stocks, long $-short EM, long energy/staples-short tech/indus     BofA December Global ......read more

    Ajman Free Zone's Green Eco-Friendly Zone reaches 73 per cent completion

    December 15, 2020: Ajman Free Zone has announced the 73 per cent completion of its ongoing Eco-Friendly Zone project a few months after its Chairman, H.H. Sheikh Ahmed bin Humaid Al Nuaimi, formally launched the large-scale initiative.   The construction of the green zone, which will comprise new sustainable warehouses as its core feature, is going full speed ahead alongside Ajman Free Zone’s heightened and steady efforts to attract more local, regional and global investors. Attracting global businesses to the emirate is aligned with the goals of Ajman Vision 2021. The ......read more

    Indian Fintech Major M2P Solutions Expands Into the Middle East With Abu Dhabi as Regional Headquarters

    The Fintech firm appoints Ms. Vaanathi Mohanakrishnan as Head, to spearhead growth and expand its reach in the Middle East and North Africa (MENA) region Abu Dhabi, UAE; December 12, 2020:  M2P Solutions, an open API (Application Programming Interface) infrastructure platform company that works with businesses to roll out their own branded Fintech products, announced the expansion of its operations to the Middle East and North Africa (MENA) Region with Abu Dhabi as its Regional Headquarters. The company has appointed Ms. Vaanathi Mohanakrishnan to lead its business for the ......read more

    IQ Fulfillment Wins Start Up Business of the Year at Gulf Capital SME Awards 2020

    Dubai, UAE, 13 December 2020: IQ Fulfillment, the Middle East and North Africa region’s first robotic fulfilment centre, is honoured to have been granted the Start Up Business of the Year award, within its first operational year, during the Gulf Capital SME Awards 2020, at Zeta Lounge, The Address Downtown, Dubai. IQ Fulfillment puts technology at the centre of its work and the award further emphasises their readiness to provide premier, end-to-end solutions within an ecosystem that would enable SMEs and e-commerce businesses to unlock their growth and scale their business ......read more

    Daikin set to maintain leading market position in post-COVID-19 era

    Business resilience strategy doubles group’s market value to reach USD 65 billion December 13, 2020 - The demand for solutions and products that promote a safer and healthier indoor air quality, ensure better ventilation, and eliminate air impurities is driving even higher growth for Daikin Group. The steadily growing demand comes as people in the Middle East and around the world take extra precaution to prevent the further spread of COVID-19. Daikin Group reported that its overall market value has doubled from USD 30 billion to USD 65 billion. The company attributed this ......read more

    Ogilvy Appoints New Global Finance & People Leadership

    United Arab Emirates -  December 13, 2020:   Ogilvy today announced new members of its global leadership team with the appointments of Stacey Ryan-Cornelius as Global Chief Financial Officer and Jag Dhanji as Global Chief People Officer.     “Stacey is not only a seasoned leader with vast experience and creative commercial acumen, but also a leader experienced in business transformation and growth. We’re thrilled to have her back at Ogilvy as we focus on being the best platform and partner for growth, delivering speed to value for our clients with ......read more

    WCU: Industrials and Oil bet on Strong Recovery in 2021

    United Arab Emirates -  December 13, 2020:    Vaccine and stimulus optimism continue to propel stock markets and commodities higher, and the dollar lower. Since the first of a several encouraging vaccine announcements on November 9 from Pfizer/BioNTech, many markets, especially stocks related to technology and a certain car company, have all behaved as if they have been injected by steroids. Thereby creating market conditions which most of all resembles the weeks leading up to the bursting of the tech bubble two decades ago. With this in mind, we see an increased risk of the ......read more

    “Our World Is Not an Ashtray”: Philip Morris Launches Initiative to Reduce Plastic Litter From Products by 50 Percent by 2025

    New study reveals that 25 percent of adult smokers think throwing cigarette butts on the ground is “normal” and highlights the need for fundamental development of public education and awareness  Dubai, UAE; 10 December 2020:   Philip Morris International has launched “Our World Is Not an Ashtray” in support of its litter reduction target set out in its Integrated Report 2019 to achieve a 50 percent reduction of the plastic litter from its products by 2025 (versus a 2021 baseline). The new global initiative, launched on WorldNoAshtray.com, aims to ......read more

    The Growing Popularity of Citizenship by Investment in the GCC

    Freedom is a valuable commodity, especially for a high net worth individual. Nothing can replace the ability to travel freely or take advantage of opportunities in another jurisdiction without impediment or restriction. In this regard, diversification has never been as critical as in the modern day when a myriad of complications call for one to have options. Even though most people believe diversification is all about financial flexibility such as having several properties, offshore accounts, and investments, it may also apply to the freedom to move whenever and wherever you want. One of ......read more

    Dubai Civil Aviation Authority Partners with du for Dubai Pulse Cloud migration and Blockchain network integration

    Business continuity, greater security, seamless services, and significant operational expenditure savings are among the main benefits that await DCAA due to the new partnership Dubai, UAE, 9th December 2020: In line with its role as a Strategic Partner for Smart Dubai Office, du, from Emirates Integrated Telecommunications Company (EITC), has announced a new partnership agreement that will see the UAE telco assume responsibility for migrating the data centers of Dubai Civil Aviation Authority (DCAA) to Dubai Pulse Cloud. DCAA will also join the brand’s Blockchain network having ......read more

    Lulu Joins Hands with Empay for Contactless Payment

    Customers can now shop with Empay app Dubai – Dec 8, 2020:  Region’s leading hypermarket and supermarket chain Lulu Group has become the first major retailers to sign up on Empay, the world’s first contactless lifestyle payment ecosystem with instant credit. Empay, designed and developed within the UAE’s Smart Government program framework, is a payment application for secure and cashless transactions. The agreement was signed at Department of Economic Development, Dubai between Ali Ibrahim, Chairman, Empay and Salim MA, Director of Lulu Group in the ......read more

    World Architectural Festival Virtual 2020 Sponsored by GROHE Brought Together the Global Architecture Community to Discuss “Living with Pandemics”

    ● From 30 November – 4 December architects and design professionals engaged virtually in live content, special prizes, talks, panel discussions & networking events  ● GROHE experts also took part in sessions on prefabricated housing, touchless product solutions and 3D technology ● Free registration was open to all journalists, architects and designers     United Arab Emirates -  December 08, 2020:   GROHE, a leading global brand for complete bathroom solutions and kitchen fittings and founder sponsor of the World ......read more

    Middle East Records Some of the Highest Global SO2 Emissions

    ● Saudi Arabia records the highest levels of emissions in the region followed by Kuwait, UAE, Iraq and Morocco ● Emission hotspots’ proximity to population centers increase public health risks   December 08, 2020:    The Centre for Research on Energy and Clean Air- CREA and Greenpeace India released their report about Ranking the World’s Sulphur Dioxide Emissions Hotspots 2019-2020, which revealed the emissions of this toxic gas resulting annually from anthropogenic activities in the energy, oil, gas and  smelting ......read more

    Prepare Your Home in Time for the Festivities with Champion Cleaners

    ** Champion Cleaners Offer 25% discount on all added value services to give you the chance to prepare your home ahead of the festive season ** United Arab Emirates -  December 06, 2020:  With the festive season looking a little different this year and the prospect of spending more time in our homes, we are all preparing to have quiet and modest celebrations during these upcoming holidays. With this in mind, now makes for the perfect time to give your home some extra TLC and ensure both you and your family can get the most out of your surroundings.  Champion Cleaners ......read more

    An overview of the Binomo trading platform and how it works in the UAE

    For decades, people have been able to earn extra income in financial markets, trading the various assets available. However, it wasn’t until recently, with the advent of technology, that traders began placing trades online. Of the many online platforms, Binomo has emerged as a reliable trading partner. The company is just 6 years old but has asserted itself as a worthy, honest partner for traders all over the world. It has constantly reinvented itself, keeping itself ahead to serve the customers better. The Binomo company was founded in 2014. Its head office is in St Vincent and the ......read more

    Oman Insurance Reports a Net Profit of AED 160.2 Million in the Third Quarter of 2020, Reached its Highest Level of Customer Satisfaction at 88%

    Dubai, November 30, 2020: Oman Insurance Company, one of the leading insurance providers in the Middle East, announced double-digit growth in Net Profit at AED 160.2 million in the third quarter of 2020, while having its solvency above 250% which is amongst the highest in the country. In addition, the company reported a customer satisfaction index of 88%, two points above 2019 average. Jean-Louis Laurent Josi, Chief Executive Officer at Oman Insurance, said, “Despite a challenging environment, all our key indicators are going in the right direction, thanks to the hard work of the ......read more

    Empay, the World's First Contactless Instant Credit Lifestyle Payment Ecosystem, Launched in Dubai

    • The region's first ‘Tap to Pay’ and QR-based mobile payment solution developed for the UAE residents from all walks of life    • This next-generation mobile payment ecosystem offers instant line of credit for a range of services and facilitate in-app and contactless lifestyle payment services.    • UAE residents can register with Empay, available on Google Play Store and iOS App Store, in just two minutes.    • Dubai Economic Department says the App is in line with our role as one of the major workforces ......read more

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