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    Featured in Banking and Investments
    ADQ and OIA Identify AED 30 Billion Worth of Investment Opportunities in Oman

    • On the sidelines of the President’s visit, H.H. Sheikh Mohamed Bin Zayed Al Nahyan, ADQ and OIA, discussed areas of joint investment collaboration    • ADQ and OIA recently entered into an AED 10 billion partnership to facilitate investments in the Sultanate of Oman   • ADQ and Oman Information, Communication and Technology Group (ITHCA) sign an MoU to establish an AED 592 million venture capital fund to invest in the Sultanate of Oman   Abu Dhabi, UAE – 28 September 2022: On the sidelines of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE’s, visit to Oman, ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority (OIA), across a variety of sectors aimed at ......read more

    Burgan Bank Sponsors Omar Khairat's Concert at The Arena Kuwait

    Kuwait, 27th September 2022: Burgan Bank is sponsoring the concert of the legendary musician Omar Khairat at The Arena Kuwait (TAK), set to take place on the 7th of October, in an initiative that reaffirms Burgan’s commitment to actively take part in enriching Kuwait’s art and culture scene. This sponsorship is part of the Bank’s comprehensive social responsibility program, which includes patronizing the most prestigious and high-profile cultural events in Kuwait.  Ms. Hessa Hussain Al-Najadah, Senior Manager – Corporate & CSR Communications at Burgan Bank, expressed her joy at sponsoring an icon of music in the Arab world and hosting him once more in Kuwait after a four-year-long hiatus. Al-Najadah further confirmed the Bank’s commitment to supporting creative artistic endeavors for the purpose ......read more

    QLM Life & Medical Insurance Company (Q.P.S.C.) Participates in Sidra's Annual Flagship Research Conference

    Doha, Qatar, September 2022: QLM is pleased to announce its participation with Sidra Medicine in the annual Flagship Research Conference titled ‘Precision Medicine & Functional Genomics 2022’ (PMFG 2022), took place in September 23-26 in Doha, Qatar. The conference was a four-day in-person, on-site event and revolved around two major themes:  i) How cellular, organoid, and animal models are being used to facilitate the discovery of basic disease mechanisms and potential cures and ii) The development of advanced therapies to treat diseases. The conference assembled a unique and highly interdisciplinary international community to provide novel insights on the molecular mechanisms underlying genetic diseases and the strategies used to develop advanced therapies. As a diamond sponsor, QLM had its own booth ......read more

    Department Of Statistics And Community Development Launches Sharjah Census 2022 Reminding Every National And Resident ‘You Count'

    DSCD’s biggest public census to date will provide Sharjah’s policy making and developmental strategies with latest statistical data on families, workforce, housing and other infrastructure       ● Mohammed bin Humaid Al Qasimi: Census will help identify segments supported by the government which would enhance planning to support all community components   ● Sultan bin Abdullah bin Salem Al Qasimi: Sharjah has a comprehensive statistical ecosystem and a solid infrastructure that guarantee the accuracy of the census     Sharjah,26 September 2022: In line with the vision and directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to continually enhance quality of life in the emirate by fulfilling the ......read more

    95th Mahzooz Draw Sees 1,381 Participants Take Home A Total Prize Money Of Aed 1,774,600

      • Lucky numbers are 5, 6, 11, 34, 39 • 22 winners shared 2nd prize of AED 1,000,000   United Arab Emirates, Dubai, 25 September 2022: More fortunes changed at the 95th Mahzooz weekly draw, which took place on Saturday 24 September, and witnessed 1,381 participants take home AED 1,774,600 in prize money. Operated by EWINGS, Mahzooz, the leading weekly draw in the UAE has created 28 multi-millionaires and over 190,000 winners in a span of two years.   As many as 22 participants matched four out of five numbers and shared the second prize of AED 1,000,000 securing AED 45,454 each. 1,356 other winners matched three out of five numbers and received the third prize of AED 350 each.   As always, the weekly raffle draw saw three participants share AED 300,000 among them. The lucky winners ......read more

    MEEZA and QDB Sign Partnership Agreement to Advance Qatar's Fintech Ecosystem

    DOHA, Qatar, 22 September, 2022: MEEZA, Qatar’s prominent end-to-end managed IT services and solutions provider and Qatar Development Bank (QDB) have signed a partnership agreement with the aim of contributing to the advancement of the FinTech industry in the State of Qatar.  Through the partnership, MEEZA and QDB, through Qatar FinTech Hub (QFTH) - a QDB incubator - intend to collaborate on joint initiatives relating to the FinTech industry and foster a strong relationship as part of efforts to build a reliable FinTech ecosystem in Qatar.  To bolster the collaboration, MEEZA and QDB have signed a Memorandum of Understanding (MoU) that will enable QFTH to explore further opportunities with MEEZA in the form of joint projects, and the two parties will cooperate with each other in areas of mutual interest, organise ......read more

    Rise Every Day: Mashreq redefines its role with historic new identity and customer proposition

    Mashreq shifts strategic purpose with the adoption of ‘Rise Every Day’ brand identity Rise Every Day is an invitation to everyone, everywhere, to embrace the spirit of grit they need to unlock the glory, and reach their unique vision of success New strategic focus underpinned by Mashreq’s immersive participation in the digital economy and innovation ecosystem   Dubai, UAE, 21 September 2022: Through an invitation to ‘Rise Every Day’, Mashreq Bank - one of the leading financial institutions in the UAE - has revealed a historic brand evolution with a transformation of its corporate identity and overarching strategic purpose as an enabler of inclusive financial, personal and professional development.    Rise Every Day talks directly to people all over the world who look to ......read more

    Dubai Industrial City to Participate in the Global Manufacturing and Industrialisation Summit 2022

    • Dubai Industrial City will be part of the UAE Ministry of Industry and Advanced Technology delegation set to travel to the United States • Hosted in Pittsburgh, Pennsylvania, GMIS 2022, will better promote cross-border opportunities between the UAE and the US for the benefit of both nations   Dubai-UAE, 21 September 2022: Dubai Industrial City, a member of TECOM Group PJSC, announced its participation in the Global Manufacturing and Industrialisation Summit (GMIS) 2022, convening in Pittsburgh, Pennsylvania from 28th to 30th September 2022. Aiming to strengthen cross-border trade opportunities between the UAE and the United States, Dubai Industrial City, alongside other organisations and government entities, will be joining the UAE delegation invited by the Ministry of Industry and Advanced Technology ......read more

    Dukhan Bank Launches Special Edition of FIFA World Cup™ Visa Infinite Credit Card Featuring La'eeb, Thanks to Partnership with Visa

    DOHA, QATAR – 21 September, 2022: As part of its efforts to reward its customers and enable them to celebrate the highly anticipated FIFA World Cup Qatar 2022TM in a unique way, Dukhan Bank has partnered with Visa to unveil the special edition FIFA World Cup 2022™ Visa Infinite credit card featuring La’eeb, the Official Mascot for FIFA World Cup 2022TM.  La’eeb is an Arabic word meaning ‘super-skilled player’, he belongs to a parallel mascot-verse that is indescribable. La’eeb encourages everyone to believe in themselves as ‘Now is All’. La’eeb will be everywhere – welcoming the world, inspiring young fans and cheering the action during the tournament, which will take place from November 20th, to December 18th, 2022.   Launched in partnership with ......read more

    Burgan Introduces the “Electronic Know Your Customer” Feature

    In line with its ongoing digital transformation strategy Kuwait, 20th September 2022: Burgan Bank recently launched its latest digital service, the “Electronic Know Your Customer” (eKYC) form, which allows customers to seamlessly update their personal information through Burgan Bank’s digital platform in their own comfort without the need to visit the branches physically. This step comes in line with the Bank’s strategy to develop innovative digital solutions for customers that respond to their needs and make their banking transactions more convenient than ever before. Under this new eKYC service, Burgan Bank customers will be able to update their personal information simply via internet banking (online.burgan.com) a safer and faster alternative to completing the form physically at the Bank’s ......read more

    IHC Acquires 15% Stake in Burjeel Holdings

    Abu Dhabi, UAE; Sep 19 2022: International Holding Company (ADX: IHC), the diversified Abu Dhabi-based conglomerate, has announced today a direct acquisition of a 15% stake in Burjeel Holdings, the leading regional private healthcare group, in one of the biggest deals in the Gulf’s healthcare sector in recent years. The acquisition will aim to continue to scale and diversify IHC’s investment in the healthcare sector locally and regionally, which will create a thriving commercial ecosystem for the healthcare industry for the benefit of broader community and shareholders.  Commenting on the acquisition, Syed Basar Shueb, Chief Executive Officer, IHC said: "We continue to see a tremendous opportunity to invest in mission-driven organizations like Burjeel Holdings. We are very pleased with Burjeel's progress ......read more

    Dubai Customs Organizes 3rd DCCC Meeting 2022 Amid Expectations of More Economic Growth

    Dubai – 18 September 2022: His Excellency Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation said that the economic sectors in the UAE are performing positively and are likely to achieve more growth.  The UAE's foreign trade for the first 6 months of this year exceeded one trillion dirhams, and the tourism sector recorded revenues of more than 19 billion dirhams. Moody's Investors Service forecasts UAE real GDP growth of 6%-7% in 2022, and the non-oil economy of 4% to 5%.  His Excellency stressed during the meeting of the 3rd Dubai Customs Consultative Council (DCCC), in the presence of His Excellency Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, and business and trade groups in the ......read more

    AED10 million claimed by top prize winner of Mahzooz's 94th draw

    Lucky numbers are 16,27,31,37,42 1,219 new winners now live the good life thanks to AED 11,710,900 won in cash prizes United Arab Emirates, Dubai, 18 September 2022: The 94th Mahzooz weekly draw, which took place on Saturday 17 September 2022, celebrated yet another top prize winner of AED 10,000,000, in addition to 1,218 other winners who collectively took home AED 1,710,900 in prize money.  With this new win, the total number of Mahzooz multi-millionaires jumps to 28, six of which earned the title this summer, between June and September.  While the details of the top prize winner will be revealed shortly at a special press event, as many as 41 participants matched four out of five numbers and shared the second prize of AED 1,000,000 securing AED 24,390 each. 1,174 other winners matched three out of five ......read more

    The UAE Banks Federation Holds its Third CEOs Advisory Council meeting in 2022, with New Members Joining

    Abu Dhabi, United Arab Emirates; 16 September 2022: The CEOs Advisory Council of the UAE Banks Federation, the representative and unified voice of the UAE banks, held its third meeting of 2022 remotely on the 7th of September to discuss developments in the global and local banking and financial sector for the past eight months. The virtual meeting also reviewed the implementation of recommendations made at the last meeting in June 2022. His Excellency Abdulaziz Al Ghurair, Chairman of the UAE Banks Federation, said, "Under the direct supervision of The Central Bank of the UAE, the UAE financial sector has proven that it is capable of successfully overcoming various challenges and changes in the global economy. The sector has always been able to strike a balance between providing the best services to customers and creating ......read more

    Sharjah Excellence Award Discusses Latest Developments for Upcoming Edition 2022

    Sharjah, September 15, 2022: The Board of Trustees of the Sharjah Excellence Award has held a meeting to review the latest developments, progress, and work plan as part of its ongoing preparations to organize the 2022 edition. The event will be organized by the Sharjah Chamber of Commerce and Industry (SCCI) under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi is the Crown Prince and the Deputy Ruler of Sharjah. Chaired by Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI) and Chairman of the Board of Trustees of the Sharjah Excellence Award, the meeting was held at the SCCI’s headquarters. Other members of the award’s board were also present. The gathering touched on the promotional stages of the award, which included a number of seminars and ......read more

    Pfizer Appoints Parmjot Bains as Gulf Cluster Country Manager

    Dubai, United Arab Emirates, 14 September 2022: Pfizer announced today the appointment of Dr. Parmjot Bains as Gulf Cluster Country Manager within its Emerging Markets business unit. Dr. Bains’ experience spans more than 18 years in various fields with 7 years heading several global roles at Pfizer. Previously, Dr. Bains was the Regional Commercial Lead APAC for Pfizer’s Hospital Business, where she worked cross-culturally with Pfizer’s global teams across the US and Asia Pacific Region to deliver ground-breaking, innovative access solutions and products that transform patient outcomes.  In her new role, Dr. Bains will oversee the Pfizer business in the United Arab Emirates, Bahrain, Kuwait, Oman, Qatar and Yemen. Commenting on her appointment, Dr. Bains said: " It is an exciting time to be here and ......read more

    ADQ Monetizes a Minority Stake in TAQA

    • ADQ monetizes a minority stake in TAQA in line with its strategy of targeting a balanced and diversified portfolio • ADQ remains committed to maintaining a sizeable ownership stake in TAQA  • TAQA is a leading utilities firm in EMEA and a key player in driving the UAE's clean transition   Abu Dhabi, UAE. 13 September 2022: ADQ, an Abu Dhabi-based investment and holding company, today announced that it has entered into an agreement to monetize a stake of 8.6% in Abu Dhabi National Energy Company PJSC (“TAQA”) to Multiply Group PJSC, Abu Dhabi Pension Fund and other prominent investors.    TAQA is a diversified utilities and energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA). TAQA ......read more

    3rd Edition of the Future Banks Summit - KSA

    ICSFS is happy to share that it will be present as a Networking Partner at the 3rd Edition of the Future Banks Summit - KSA. The event will take place at the Marriott Riyadh Airport Hotel -Al Hamra Hall, 27th and 28th September, 2022, where ICSFS will be showcasing its latest digital innovations. 

    ...read more

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

    Doha, Qatar – 11 September 2022 – 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 Sami Shaikh and Mohamed Zumrawi each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Prem Velumani, Baina Al-Marri, Salma Hafiz, Khazana Hussain, Ahmed Elsharabasi, Mohammed Al-Malki, Khalil Al Mukdad, Nayef Al-Tamimi, Khalifa Al Kaabi, Mohamed  Ahamed, Amna Abdulla, Abdulla Alyafei, Mazen Hasna, Mohamed Ayari, Heba Al Hashmi, Usha Kesavan, Abdulla Shaher, Maryam Fakhroo, Ahmad Al-Kuwari, Mylin Cabunillas, Ashraf Kandil, Mohammed Al-Hababi, Khalid Al-Khanji, Sofyan El Rufaie, Maryam Al-Hetmi, Asmaa Al-Suwaidi, Abel ......read more

    Sun Management Inaugurates New DMCC Branch

    Aiming to continuously serve their valued clients with optimum services and to celebrate their unrelenting efforts to broaden their reach within the region and globally, they have officially opened their doors and successfully inaugurated their new branch office at JLT DMCC, Dubai. SUN Management Consultants, led by their Chairman, Mr Sunil Jagetiya, and supported by their Managing Directors, Mr Avinash Jagetiya and Ms Snigdha Jagetiya, are extremely pleased to introduce and amuse their guests about the company's history and its great services over the years. The momentous and historic event were graced by distinguished government officials in the Emirates of Dubai, His Excellency Engr Marwan Ahmed Bin Ghalita - CEO of The Real Estate Regulatory Agency (RERA) as the chief guest who spearheaded the ribbon cutting ceremony with ......read more

    ADNEC Adopts New Corporate Identity to Enhance Its Presence in The Business and Leisure Tourism Sectors and to Support Economic Diversification in Abu Dhabi

    Abu Dhabi, UAE, 7th of September 2022 - The Abu Dhabi National Exhibitions Company (ADNEC) is rebranding and has unveiled a new corporate identity, with the aim of increasing the visibility of the Group’s six main business sectors: Venues, Events, Hotels, Food & Beverage along with Services and Tourism.  Strengthening its position as a leading events and leisure tourism player in Abu Dhabi, ADNEC Group maximises the social and economic benefits to Abu Dhabi’s business and tourism sectors through holistically managing a group of business entities that provide and maintain facilities and services according to the highest standards specialised in these vital sectors. The new corporate identity also reflects the Group’s refreshed vision and mission, as it seeks to expand both in business terms and ......read more

    Sharjah's Robust Economic Pillars and Potential in High-growth Sectors Elevate Emirate's Global Profile, Say Officials

    Public and private sector officials in Sharjah have hailed insights on emirate’s competitiveness in the new 'FDI Future Trends & Sector Potential' report    Sharjah, September 06, 2022: A new report by the Sharjah FDI Office (Invest in Sharjah) which offers key insights into the factors driving high investor confidence in the emirate’s diversified economy and its continued appeal as an attractive destination for foreign direct investment (FDI) has been hailed by high-level officials in both the public and private sectors of the emirate.   Invest in Sharjah’s ‘FDI Future Trends & Sector Potential’ report, published in collaboration with numerous government departments and private sector entities in the emirate and in partnership with PwC Middle East, outlines the robust ......read more

    Seven High-Potential Sectors That Define Sharjah's Future Investment Map

    Ahmed Obaid Al Qaseer: Sharjah has become a premier destination for businesses and a capital of industry in the region.    Mohamed Juma Al Musharrkh: In the post-COVID world, investments in technology are outpacing all other sectors.    ● More than 60,000  SMEs and startups based in Sharjah ● Six specialised free zones, 33 industrial zones, and a strategic geographic location  ● Against the backdrop of a devastating pandemic that swept the world, Sharjah continued to grow ● Attracted FDI worth US$ 220 million in 2020 ● 60 percent growth in FDI projects in Q3 and Q4 of 2020 ● FDI helped with the creation of 1,117 new jobs in 2020 ● Travel and tourism sectors investments to reach US$ 20.3 billion by 2027 ● Investment opportunities ......read more

    SADAFCO Releases First Sustainability Report Reporting its Progress in 2021

    Jeddah, Saudi Arabia, September 6th, 2022: SADFCO announces releasing its first sustainability report disclosing the company’s sustainability performance for the period starting 1st April 2021 and ending 31st March 2022. Developed in accordance with Global Reporting Initiative (GRI) standards and gave due consideration to the guidelines issued by the Tadawul stock exchange. The company’s 2021 sustainability report highlights SADAFCO’s commitment to its people, the communities it operates within, the environment, and its shareholders. The report outlines the significant steps the company has taken to formalize its ESG efforts and put in place a vision for sustainability. The company also reported implementing a sustainability governance structure to improve transparency and accountability. The governance structure ......read more

    Wayout and Alfa Laval Extend Their Partnership in the Middle East With a Pop-up Showroom in Dubai.

    In September 2022, Alfa Laval – a world leader in heat transfer, centrifugal separation, and fluid handling – announced a new partnership with Swedish SustainTech company Wayout to introduce sustainable water production systems in the Middle East, focusing on the United Arab Emirates and the GCC. The two companies can now reveal a joint pop-up showroom launching in Alserkal, Dubai, this fall.   Alserkal has emerged as one of Dubai’s most influential creative enclaves and is a socially responsible and forward-thinking arts and cultural enterprise based in Dubai. Alserkal is in the Al Quoz industrial area, near Dubai's Marina and financial district, where the partner’s pop-up showroom will be for 6 months. Alfa Laval and Wayout will use the pop-up showroom to demonstrate how their clean technology and ......read more

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

    Doha – Qatar , Tuesday – September 6, 2022: Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of the 6th edition of S’hail 2022 – 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.  Over the last few years, the event has made its mark in the industry as the leading destination of choice for falconry, hunting, and heritage lovers and became a dedicated platform for displaying the latest types of weapons, hunting rifles, equipment, supplies and equipment for trips, in addition to a huge selection of rare falcons highly skilled in hunting.   Commenting on the ......read more

    92nd Mahzooz draw sees total prize money of AED 1,803,650 and a lucky winner awarded 1 kilogram of gold in the second Golden Summer Draw!

    Lucky numbers are 2,8,14,16,34 40 winners shared 2nd prize AED 1,000,000 United Arab Emirates, Dubai, 4 September 2022: More fortunes changed at the 92nd Mahzooz weekly draw, which took place on Saturday 3 September, and witnessed 1,482 participants take home AED 1,803,650 in prize money. Operated by EWINGS, Mahzooz, the leading weekly draw in the UAE has created 27 multi-millionaires and over 187,000 winners in a span of two years.   As many as 40 participants matched four out of five numbers and shared the second prize of AED 1,000,000 securing AED 25,000 each. 1,439 other winners matched three out of five numbers and received the third prize of AED 350 each. As always, the weekly raffle draws saw three participants share AED 300,000 among them. The lucky winners who received AED 100,000 each were Jinesh and Binu ......read more

    In the presence of the President of Bulgaria Abu Dhabi hosts the UAE-Bulgarian Business Forum

    The Forum highlighted the importance of enhancing relations and stimulating investments Abu Dhabi, UAE, 4 September 2022: The UAE-Bulgarian Business Forum, organised by Abu Dhabi Chamber of Commerce and Industry, concluded its activities which were held in Abu Dhabi. The Forum emphasised the importance of enhancing bilateral relations, and setting new strategic frameworks that drive economic partnerships by stimulating investment in a number of vital sectors. The Forum was held in the presence of His Excellency Rumen Radev, President of the Republic of Bulgaria; His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; His Excellency Ahmed bin Ali Al Sayegh, Minister of State; Her Excellency Reem Al Hashimi, Minister of State for International Cooperation; His Excellency Abdullah Mohammed Al Mazrui, ......read more

    Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account.

    Kuwait, 3rd September 2022: Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 1,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits.    The 20 lucky winners are:  • ABBAS HASAN GHADDAR • ABEER SHNAWAH TAHER • AMIR ABDULHAMEED AlSAYEGH • BORHAN ESFANDIYAR  KAMALI • DANIELLE MORRIS • ELIE TAMER DEAIBES • HADI FAHAD ALAJMI • HASAN ALI ALSHATTI • SHAIKHA HESSAH MOHAMMAD ALSABAH • HUSAIN MOHAMMAD ABOU ZRAA • KHALID AHMAD ALAJMI • MAHA ELIAN KARDOUS • MAHDI BADAA AL GHADBAN • MAHER SHAKER ......read more

    Coca-Cola Middle East Offers UAE Football Fans the Chance to Win Once-in-a-lifetime FIFA World Cup 2022 Dream Prize

    • With ticket sales now closed, an all-expenses paid trip from Coca-Cola Middle East could be your best chance to see a big game live • Coca-Cola Middle East teams up with McDonald’s and Careem to offer exciting prizes   Dubai, UAE, 1 September 2022: With regional and international demand for tickets to the FIFA® World Cup 2022 in Qatar at an all-time high, Coca-Cola Middle East is giving football fans in the UAE a once-in-a-lifetime opportunity to watch football’s biggest superstars take to the pitch this winter.   Out of the tens of millions of ticket requests received, over 1.8 million have been sold in the first two batches . With the sale period for tickets now officially closed, fans still have an incredible opportunity to witness the world’s most anticipated sporting event ......read more

    ADX and FTSE Russell Launch Benchmark Growth Market Index

    FTSE ADX Growth Market Index will enable investors to track the performance of the Growth Market ABU DHABI, UAE - 1 September 2022:  The Abu Dhabi Securities Exchange (ADX) and FTSE Russell, under their index partnership, have co-developed a new benchmark, the FTSE ADX Growth Market Index (FADGMI) that will track the performance of the ADX’s recently rebranded Growth Market segment. FADGMI, the new index that went live today, includes the eligible constituents of the Growth Market, will provide investors with the ability to mimic the Growth Market performance that consists of a wide range of emerging and fast-growing companies starting their capital market journey. The launch of FADGMI is a result of ADX’s successful partnership with FTSE Russell and closely follows the launch in March of the FTSE ADX 15 Index ......read more

    Capillary Announces Strategic Alliance Partnership with KPMG in India to Deliver Leading Loyalty and Customer Engagement Solutions

    DUBAI – September 1, 2022: Capillary Technologies (a B2B SaaS platform for customer engagement and loyalty) today announced its strategic partnership with KPMG in India for loyalty and customer engagement solutions. Focused on delivering AI-based cloud native loyalty and customer engagement solutions to businesses, the partnership will include a certified and trained team of KPMG consultants. In an increasingly changing world, brands are looking for new ways to interact and engage with customers by understanding their ever-evolving behaviour, preferences, and expectations. To support them through this navigation, the Capillary-KPMG in India alliance partnership will help businesses to look beyond discounts, offer differentiated customer experience and keep their customers delighted at every touchpoint.  Empowering ......read more

    Innovations Group UAE Bags the Prestigious Global Business Outlook Awards 2022

    • At the coveted Global Business Outlook Awards 2022, Innovations Group was recognised for the ‘The Most Innovative Use of Technology – Human Resources – UAE 2022’   31, August 2022 - Dubai, United Arab Emirates: Innovations Group has won the Global Business Outlook Awards 2022 for its outstanding contribution in the field of technology to redefine the HR sector in the UAE. The Group has been awarded under the category of ‘The Most Innovative Use of Technology – Human Resources – UAE 2022’.   Innovations Group is the UAE’s leading HR consultancy firm specializing in recruitment, temporary staffing, HR outsourcing and payroll outsourcing, among others. The company has been in the HR consultancy business for the past 25 years in the UAE and over time has ......read more

    Hotpack Opens its new Saudi Retail Outlet in Riyadh

    Dubai - August 31, 2022: Hotpack Global, the UAE-based leading food packaging manufacturer, has opened an exclusive Retail Showroom in Riyadh as part of the company’s aggressive growth strategy in the Kingdom. The new showroom is Hotpack’s 45th sales outlet in the MENA region and the company has larger plans to expand its operations across the region. The 3,000-square feet showroom is located at Al Fayez Complex, Umar Ibn Abdul Aziz Road, Ar Rabwa in Riyadh. Mr PB Abdul Jebbar, Managing Director, Hotpack Global, inaugurated the showroom in the presence of senior officials of Hotpack from across the region. Commenting on the new showroom launch, Mr. Abdul Jebbar, said, “We are happy to launch the new retail outlet in Saudi Arabia as a part of our growth plans in Saudi Arabia. The current development in the Kingdom ......read more

    Burgan Bank Rolls Out New Sustainability Initiatives at its Head Office

    As part of the Bank’s ESG strategies   Eng. Saud Abdulaziz Al Hadbah - Head of General Services & Administration at Burgan Bank Kuwait - 31st, August 2022:  Burgan Bank continues to roll out a program of environmentally friendly sustainability initiatives at its head office, adopting a series of new procedures promoting recycling, energy preservation and renewable energy sources. This comes as part of Burgan’s environmental, social, and governance (ESG) strategies and in line with its comprehensive social responsibility mission, as the Bank seeks to take preemptive steps towards overcoming environmental threats.  As part of these initiatives, Burgan Bank General Services & Administration Department distributed recycling bins on all floors in the head office building. Additionally, a ......read more

    Tribal Credit Witnesses Increase in International Business Transfers in the MENA Region

    • MENA region saw a 10% increase from the first quarter to the second half of 2022   Riyadh, August 30, 2022: According to internal data from Tribal, a company that provides comprehensive digital financial solutions, international transfers of companies in MENA for the payment of suppliers, purchase of equipment and raw materials, and corporate services increased 10% from the first quarter to the second quarter of 2022.    The expansion of business across borders is one of the most attractive opportunities for expansion since it opens up commercial prospects in new markets.    The UAE's main export markets in 2020 were India, China, Saudi Arabia, Japan and Iraq, according to the OEC. In 2020, Saudi Arabia exported its products primarily to China, India, Japan, South Korea, and the UAE, ......read more

    His Excellency Dr. Mohammed Al Zarooni Chairman of World FZO meets with UNCTAD to discuss Leadership Growth Strategies

    Dubai, UAE - 30, August 2022: His Excellency Dr. Mohammed Al Zarooni, Chairman of the World Free Zones Organisation (World FZO), a global not-for-profit organization, held a meeting with Rebeca Grynspan, Secretary General of the United Nations Conference on Trade and Development (UNCTAD), in Geneva, as part of its global expansion and leadership growth strategies. The meeting was attended by H.E Dr. Mohammed Al Zarooni, Chairman of the World Free Zones Organization; Samir Hamrouni, CEO, and James Zhan, Director Division of Investment and Enterprise, UNCTAD. During the meeting, the two parties identified areas for collaboration to enhance their economic strengths, and create opportunities for growth and prosperity as part of their joint commitment to strengthening the platforms they provide.  The World FZO and the ......read more

    Fashinza Appoints Fashion Industry Veterans to Support International Expansion

    Dubai - August 30, 2022: Fashinza, the AI-driven B2B marketplace for fashion brands and retailers, announced the recent appointment of Neil Topiwala as Director in the UK and Pushkar Kumar as Director in the UAE. The latest appointments are a part of Fashinza’s expansion strategy in international markets such as the Middle East, Europe, the UK and the US following a series B round of funding which raised USD 100 million. Neil Topiwala and Pushkar Kumar will be leading Fashinza’s plans to scale its international business. The two will leverage their expertise to help Fashinza use data and cloud-based technology to create a more transparent, ethical, and sustainable production and supply chain.  Commenting on the new additions to the Fashinza team, Abhishek Sharma, Co-founder and COO at Fashinza, said, ......read more

    Bayan Medical certified as a Great Place to Work

    Becoming the first medical company in Kuwait to earn the certification Kuwait, August 29, 2022 - Bayan Medical recently announced that it has been certified as a Great Place to Work® after a thorough and independent analysis conducted by Great Place to Work® Middle East. With that, Bayan Medical becomes the first medical company in Kuwait to earn the international certification, and it is now among a list of top brands globally to have received this award. The company earned the coveted title after 100% participation in anonymous surveys by Trust Index Survey that evaluated employee satisfaction across several areas.  Commenting on the certification, Bayan Medical's CEO, Dr. Mohammed AlQemlas, said: “We are extremely proud of this amazing achievement, which accentuates Bayan’s dedication to make its ......read more

    Catering to the Rising demand for Passports and Consular Services in Saudi Arabia

    August 29, 2022:  A steady surge in expat population living overseas has resulted in rising demand for Passports & Consular services. According to the Diaspora Alliance, the diaspora population has tripled in just about five decades - from approximately 75 million to over 230 million. VFS Global offers passport and consular services, as well as Citizen and Identity Services in nine countries across the globe, including Saudi Arabia.  “As per United Nations’ data for international migration, over 280 million individuals live and work outside their home country and we are now working with 18 governments to provide this essential service in 36 countries” said Jiten Vyas, Chief Commercial Officer, VFS Global. In Saudi Arabia, VFS Global provides Passport and Consular services for India, the Philippines, ......read more

    Other Top Stories from Banking and Investments
     
    CS Event's 3rd Digital Health MENA taking Place on June 7 to focus on US$252 bn Digital Healthcare Market

    The remote healthcare market in the MENA region that is undergoing digital transformation, is growing at 12.8% to $1.8 billion in 2024     Date: Dubai, UAE, April 11, 2022   News Highlights: 1. Digital health market is growing at a rate of 24 percent year-on-year from US$252.47 billion in 2022 to US$596.56 billion in 2026;   2. Digital health start-ups worldwide attracted US$21.3 billion investment through 541 deals, dwarfing the $14.6 billion record of 2020;   3. In 2022, 320 million consumer health and wearable wellness devices are ......read more

    Sultan Al Jaber Visits Gulf Extrusions, One of the Largest National Aluminum Extrusion Factories in the Middle East

    Dubai, UAE -  10 April 2022:  His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology headed a delegation in a visit to the Jebel Ali headquarters of Gulf Extrusions, the world’s leading manufacturer of aluminum extrusion products and the most automated aluminum extrusion company in the GCC, where factory operations are 100% process controlled and highly automated. This visit is part of the Ministry’s strategy of direct communication with companies the industrial sector as it seeks to support all local partners in the priority ......read more

    Yotta Partners with Virsec to offer True Runtime Protection Cybersecurity Service

    Enterprises can now secure their workloads in real time with Virsec’s patented and award-winning runtime protection solution Dubai, UAE April 11, 2022: Yotta has announced its partnership with Virsec, through which enterprises across India that are either hosted at Yotta data center or their captive on-premises data center or any public cloud can now get access to Virsec’s patented Deterministic Protection Platform (DPP). It is the only security solution that ensures precise protection against zero-day, ransomware and evolving cyber-attacks to workloads deployed in production. ......read more

    Ykone Continues Its Expansion in the Middle East with the Opening of Two New Offices in Riyad and Abu Dhabi

    Founder's Memorial YKONE, the leading international influencer marketing agency in the fields of luxury and beauty, continues to expand in the Middle East. Present in Dubai since 2016, the agency announces the opening of two new offices in the region’s most dynamic cities, Riyad and Abu Dhabi. Already established in Dubai for the past six years, YKONE has developed a regional hub through which to work alongside brands on influence campaigns and content creation. In the Middle East, YKONE already counts among its clients Procter & Gamble, L’Oréal, Coty, Canon and ......read more

    Hotpack Group MD receives CEOforLIFE award

    Dubai, April 08, 2022:  The Group Managing Director of Hotpack Global, the world’s leading manufacturer of disposable food packaging products, was honoured with CEOforLIFE Award for creating new benchmarks of excellence in meeting the UN Sustainable Development Goals (SDGs). Mr. Abdul Jebbar PB received the award at a function - CEOforLIFE - ECI United Arab Emirates & Global Awards 2022 - held at the Terra Auditorium at the Sustainability Pavilion of Expo 2020 Dubai.  The CEOforLife Awards honour CEOs who have carried out the best life projects and set new standards ......read more

    Ericsson and Oman Ministry of Higher Education, Research and Innovation launch Center of Excellence Technical Mentorship Programs

    • Ericsson and Oman Ministry of Higher Education, Research and Innovation launch technical mentorship programs for selected students at Innovation Park Muscat • The program will mentor students in developing IoT use cases using the latest 5G and IoT technology as part of CoE. • A total of 15 students ranging from various undergraduate and postgraduate programs will be involved in the mentoring program.  • The students will be working on three main IoT use cases related to the nation’s agriculture and water sector.    Ericsson (NASDAQ: ......read more

    The Future is Hybrid: Herman Miller Officially Introduces the OE1 Workspace Collection in the Region

    Leading interior designers discussed the future of work and tested the latest furniture collection during the “Designing for the Future with OE1” event, hosted by Herman Miller  UAE - 5th April 2022: Leading workspace designers reimagined the future of the office during the design workshop hosted by Herman Miller’s regional office. The OE1 Workspace Collection is now on display and in use at Herman Miller's showroom in Dubai’s Marina Plaza. “Designing for the Future with OE1” event first saw dealers, top interior designers, and clients across ......read more

    UAE Banking Sector Poised for Growth in 2022, Amid Economic and Fiscal Reforms: KPMG Report

    • The top 10 UAE banks reported a 5 percent year-on-year increase in total assets worth AED 2,989 billion in 2021, and an increase of 42 percent in net profits  • Improved infrastructure and digital trends like cryptocurrency will drive the financial services sector   Dubai, UAE; April 4, 2022: The UAE’s financial services sector is adopting new resilience mechanisms to counter the effects of the global pandemic, including digitalization, enhanced regulatory frameworks, corporate governance and risk management strategies. This is according to the KPMG UAE ......read more

    Al Rajhi Bank Jordan opts for ICS BANKS Business Suite from ICS Financial Systems

    UAE: Al Rajhi Bank – Jordan, one of Al Rajhi Bank’s international branches, has selected  ICS BANKS Islamic and ICS BANKS Digital Banking software solutions from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.  Founded in 1957, Al Rajhi Bank is the largest Islamic bank in the world.  Al Rajhi Bank has overseas branches in Kuwait, Jordan, and Malaysia. The bank has been operating in Jordan since 2011, with a network of 10 branches, and over 46 ATMs.  A signing ceremony took place in Jordan, ......read more

    Emirates Development Bank Announces AED1.91 Billion Contribution to GDP at First Board Meeting of 2022

     First year of new EDB strategy has helped add AED1.91 billion to the national economy and supported the growth of more than 1,350 SMEs  EDB onboards more than 1,000 new business banking accounts in six months of its digital banking app launch   EDB Successfully launched its large corporate banking division in less than a year from new strategy launch  Bank’s strategy aims at supporting UAE Industrial development across key critical sectors of manufacturing, advanced technology, infrastructure, healthcare and food   Abu Dhabi, 3 April 2022: ......read more

    Dubai: The Opus Turns off Its Lights in a Memorial Gesture to the Late Zaha Hadid

    Dubai, UAE, 4 April 2022: In commemoration of the late Iraqi architect Zaha Hadid, Omniyat Real Estate Group turned off the lights of its urban icon 'The Opus' in the heart of Business Bay, in appreciation and honor of its designer, who passed away on March 31, 2016. The first and only building designed by the late Zaha Hadid in Dubai and the United Arab Emirates, 'The Opus' has become one of the most famous architectural icons internationally, and the only project in the world that Hadid has creatively implemented its internal and external engineering designs. ......read more

    QNET Drives Sustainability Message on World Water Day 2022

    Social awareness campaign during March 21 - 25, 2022 across radios in three languages wrapped in competition H2O  Dubai, March 29, 2022:  The global e-commerce based direct selling company, QNET, held a campaign on water sustainability and plastic alternatives awareness campaign kick starting the activity across radios on the World Water Day on March 21, 2022. In a statement, QNET said the five-day campaign that ended on March 25, 2022, was part of the company’s many CSR initiatives it has been doing over the years across global geographies to drive community ......read more

    BCG and SAP Join Forces to Transform Companies into Sustainable Enterprises

    • BCG and SAP will provide transparency on sustainability ‘at the push of a button’ and deliver impact based on a combination of strategy, technology, and business model change, with BCG and SAP solutions that can be ready to use within weeks • BCG and SAP want to help accelerate companies in their journey to zero waste and zero emissions. BCG and SAP can enable companies to achieve emissions reductions of up to 40%  • Early-adopter companies can realize more than a 10% market premium in many industries    March 28, 2022: Boston Consulting ......read more

    RECAPP Inaugurates Recycling Warehouse in Dubai

    Dubai, UAE, 28th March 2022: RECAPP, the UAE’s first free-of-charge door-to-door recycling service, has inaugurated its first recycling warehouse in Dubai. The newly opened warehouse in Al Quoz is the first sorting facility in Dubai to treat recyclables digitally collected from the doorstep of users. The opening ceremony included keynote speeches from sustainability leaders in the UAE, including Sebastien Chauvin, CEO of Veolia Middle East; Jérôme Viricel, General Manager of RECAPP; Alan Smith, CEO of Agthia Group; and Yasmine Berbir, Head of Sustainability at Nestlé Middle ......read more

    Abu Dhabi Fund for Development Finances AED692 Million Projects in Bangladesh

    UAE-Bangladesh Investment Company provides crucial support to many of government’s objectives    ABU DHABI, March 25, 2022:  Abu Dhabi Fund for Development (ADFD) and the Government of Bangladesh have enjoyed close relations for more than 40 years. The ties enabled ADFD to drive development in Bangladesh through financing major developmental projects amounting to AED692 million. These initiatives covered sectors such as agriculture, energy, industry, transport and water.  Moreover, ADFD also holds a 60% stake in the UAE-Bangladesh Investment Company Limited ......read more

    First of Its Kind Neutron Therapy Hospital for Advanced Cancer Treatment to Be Built in the UAE

    Initial investments into the project worth AED 6.6 billion March 25, 2022 - Dubai, UAE: An agreement was signed to establish a joint venture between Royal Strategic Partners (RSP) in Abu Dhabi with the MIG group based in Dubai and the Austrian Star Energy (SE) company to build a Neutron Therapy Hospital in addition to a Medical University and a Convention Center with the initial investments into the project of AED 6.6 billion (US$1.8 billion). The Chairman of MIG Group, Mr. Mahmood Al Redha, stated that the joint venture with our Austrian partners will allow the UAE companies to build ......read more

    AG PCS Switchgear Secures Prestigious Dubai Quality Appreciation Award

    • The award recognises AG PCS Switchgear’s commitment to innovation and excellence   24 March 2022, Dubai, United Arab Emirates: AG PCS Switchgear, part of Al Ghurair Investment, one of the leading diversified UAE family businesses, has won the Dubai Quality Appreciation Award (DQAA) under the Manufacturing sector, at the 28th Business Excellence Awards by the Dubai Department of Economy and Tourism (DET).   Held annually, the ceremony recognises businesses who demonstrate a resolute commitment in the pursuit of business excellence in their respective fields, ......read more

    Khazna Data Centers Achieves Tier-III Certification from Uptime Institute for its Apollo 5 and Apollo 6 Data Centers

    Abu Dhabi, UAE – 24, March 2022 – Khazna Data Centers, the United Arab Emirates (UAE) largest data center provider achieved the Uptime Institute’s Tier III certification of Constructed Facility for its Apollo 5 and Apollo 6 data centers. Earlier this year, Khazna was awarded the same accreditation for its Apollo 3 and 4 facilities.  Data centers are both drivers and enablers for all digital business matters. From adopting new and innovative technologies and establishing unified IT frameworks for better collaboration and productivity, the data flows created and ......read more

    Capital Club Dubai Celebrates its 14th Anniversary 16 March 2022 – Dubai

    Just over 5000 days, 168 months, and 14 years old, Capital Club Dubai has come of age! Get ready for the biggest bash in town, with the who’s who suiting up and donning dancing shoes, there are many reasons to celebrate. The heartbeat of business decisions is often echoed through the esteemed corridors of its private clubs patronised by impactful personalities. Capital Club is Dubai’s hidden gem in the epicentre of the city’s financial hub where serious business conversations are juxtaposed in elite settings and gourmet dining. Led by majority shareholder and chairman ......read more

    Wayout International to Revolutionize the City's Water Supply

    • Award-winning Swedish sustain-tech company, the official host of water week will discuss the importance of technological solitons to combat water scarcity    • Wayout will showcase its revolutionary smart water systems, hold expert discussions, and screen mini documentaries   • Activities will take place across Expo’s Swedish pavilion at the event’s sustainability district   March 22, 2022, United Arab Emirates –  Wayout International – is bringing the latest in digitized eco-friendly water systems will be ......read more

    Europe's Largest Urban Regeneration Mobility Project FILI and Hydrogen breakthrough H2iseO Hydrogen Valley presented in the UAE

    Europe's largest urban regeneration mobility project FILI and Hydrogen breakthrough H2iseO Hydrogen Valley presented in the UAE   DUBAI – March 22, 2022: FNM Group, the leading integrated sustainable mobility Group in Italy's Lombardy region, has presented in the UAE FILI, one of the largest urban-suburban regeneration projects of Europe and H2iseO, Hydrogen Valley, an Italian hydrogen-based industrial value chain for a sustainable mobility system in Val Camonica, a UNESCO world heritage site.  The urban-suburban project FILI to be completed at an estimated ......read more

    Maersk Inaugurates its First Integrated Logistics Centre in Dubai, UAE

    The 10,000 sq. m. Warehousing & Distribution (W&D) facility at Jabel Ali Free Zone (Jafza) in Dubai will cater to commodities across petrochemical, retail & lifestyle, fast moving consumer goods (FMCG), technology and automotive sectors, amongst others. Dubai, 17 March 2022: Maersk Kanoo UAE, an integrator of container logistics, today inaugurated its first Integrated Logistics Centre in Dubai, UAE, at DP World’s leading trade and logistics hub, Jafza. The Maersk Integrated Logistics Centre was inaugurated by Richard Morgan, Regional Managing Director, Maersk West & ......read more

    Under the patronage of H.H. Sheikh Ahmed bin Humaid Al Nuaimi Ajman Free Zone honours the winners of its first Sustainability Awards

    Winners were chosen by a judging committee consisting of leaders and industry experts March 17, 2022: Under the patronage of H.H. Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board of Directors of the Ajman Free Zones, Ajman Free Zone (AFZ) honoured the winners of the first edition of its Sustainability Awards. The ceremony was held on Thursday, March 17, at the AFZ’s AI Robotic Hub. AFZ launched the Sustainability Awards to help boost the emirate’s shift to a green economy and promote eco-friendly projects in the free zone, as well as Ajman. The awards consisted of ......read more

    The UAE has Best Data Infrastructure in the World, says Industry Expert

    Dubai; March 17, 2022: Effective data management is a critical piece of deploying the IT systems that run business applications and provide analytical intelligence to help drive operational decision-making and strategic planning by corporate executives, company managers and other end users. Industry experts, Naren Vijay, Executive VP Growth, Lumenore – a unified business intelligence and analytics platform and Donald Farmer, strategic advisor of Lumenore and an internationally acclaimed speaker in data management and analytics, discussed the best practices for managing data, ......read more

    ADEX participates in TXF Middle East & Africa: Export & Project Finance 2022

    Abu Dhabi’s leading export credit agency discusses role of local ECAs in expanding economic activities in both regions DUBAI, March 16, 2022 – The Abu Dhabi Exports Office (ADEX) took part in a two-day TXF Middle East and Africa conference, which sought to enhance export and finance collaboration between the two regions. The participation is part of ADEX’s effort to strengthen the Emirati export sector and support the drive to diversify the national economy. The TXF Middle East & Africa: Export Project Finance 2022 conference, held in a hybrid mode at the Grand ......read more

    Ibtikar Enables Open Access to Digital Library during UAE Month of Reading

    Al Diwan’s 1,000+ Arabic stories are now available without log-in throughout March Ibtikar, a UAE-based Educational Technology company, in cooperation with United Educational Publishing (UEP), a UAE-based Educational Press, has announced that 1,000+ Arabic stories on their reading platform, Al Diwan powered by Akadimi, is now available for access without log-in during the UAE Month of Reading this month.  By enabling open access to their Al Diwan digital reading platform for the first time, Ibtikar aims to encourage Arabic reading and re-ignite the passion for lifelong ......read more

    Hotpack to Launch ‘Happiness Project' to Empower Employees

    Hotpack Global uses occasion of the company’s 26th year of operations as an opportunity to organise several employee-engagement programs  DUBAI - March 15, 2022: Hotpack Global, Hotpack Global, the world’s leading manufacturer of disposable food packaging products, announced launch of ‘Happiness Project’, an employee empowerment program. This is aimed to improve the welfare and engagement of its employees on the company’s 26th year of operations.  P Rajeev, Minister of Industry at the State Government of South Indian State of Kerala, recently ......read more

    Amlak Finance Announces 2021 Full-Year Financial Results

    • Amlak FY21 net group profit stands at AED 1.06 billion and total assets stand at AED 4 billion • The Company successfully concluded the settlement of the arbitration with a net value of approximately AED 875 million  • Debt settlement arrangements yielded AED 465 million gain and contributed in total debt reduction of AED 1,139 million (including Mudaraba Instrument of AED 235 million).   Dubai, UAE: 12 March 2022: Amlak Finance PJSC today announced its full-year financial results for the year ended December 31, 2021. The company focused on ......read more

    The Turkish Business Council organizes the “Turkish Social Festival” in the UAE

    UAE - Dubai 10, March 2022- The Turkish Business Council in the Dubai and Northern Emirates (TBC), in partnership with the “@emirateslovesturkiye” page, organizes the “Turkish Social Festival” the next Sunday (13 March 2022) at the Habtoor Grand Hotel, JBR, Dubai. The event will be addressed to the Turkish community, including a number of Turkish businessmen and entrepreneurs in the country.   The gathering-socialising event, organized annually as a good start of the Spring, will witness the participation of families, businessmen, Turkish entrepreneurs, in the ......read more

    Cloud Tech: Moving Away from Linear Evolution to Exponential Growth

    Authored by Dr. Christopher Richard, MD & Chief Cloud Architect, G7 CR Technologies With more and more organizations, especially SMBs and startups moving to cloud technology every day with a hunger for success and passion for technologies, Software as a Service offerings are ideal for them not just for being cost-effective but also due to high scalability and accessibility. So, there is a massive growth potential for SaaS in MENA, which is witnessing an evolution in customers’ maturity and familiarity with technology. Their desire to make the right choices for driving immense ......read more

    Zoho Launches New Creator Platform to Enable Cross Functional Collaboration between Business Users and IT Teams

    Dubai – March 03, 2022: Today, Zoho Corporation, a leading global technology company, announced the latest version of its low-code offering, Zoho Creator Platform, an all-in-one solution that bridges the gap between business users and IT teams by providing a comprehensive low-code solution-building experience regardless of technical know-how.    Addressing the needs of both business users and IT teams, Zoho Creator Platform supports all levels of developers across business and IT teams with features to build, integrate, analyze, and manage for a complete low-code ......read more

    QNET Reports 5% YoY Growth in Direct Selling in 2021 in the MENA Region

    Top three countries in the region include Kuwait, the UAE, and Morocco Dubai, March 03, 2022: QNET, the global e-commerce based direct selling company, reported 5% growth in 2021 compared to 2020 in the Middle East and North Africa (MENA) region, reinforcing the increasing potential of its e-commerce-based direct selling business model in the region. In a statement, QNET said the top three countries in the region that reported higher sales performance were Kuwait, the UAE, and Morocco respectively, while other countries also reported an upward trajectory in sales trends. Ms. Malou ......read more

    Dubai Islamic Bank Shareholders Approve 25% Dividend for 2021

    Dubai, March 2, 2022:  Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest Islamic bank in the world, has held its first hybrid Annual General Assembly Meeting to provide convenience for its shareholders, successfully concluded with the approval on the bank’s 2021 financial statements and other tabled resolutions, demonstrating the confidence of the shareholders in the bank's Board and management's strategic agenda for the coming years.  For the year 2021, and following a strong post-COVID return to growth, DIB reported a 39% ......read more

    Anticipation Heightens for Start of the International Defence Industry, Technology and Security Conference in Abu Dhabi, March 02

    • His Excellency Major General Al Jabri: “The UAE is growing in stature and maturity with regards to defence technology security” • IDITSC provides a multi-track agenda showcasing the latest research and advances in the areas of Defence Technology Security; Robotics & Autonomous Systems; Space; Quantum Technologies, Artificial Intelligence; and other Emerging Technologies.    Abu Dhabi, United Arab Emirates - March 01, 2022:  The International Defence Industry, Technology and Security Conference (IDITSC) commences on March 02 at the Abu ......read more

    Manish Kumar: Product Tests Aim to Protect both Investors and Consumers

    The importance of washing new clothes before wearing them 24 – February - 2022:    As textile exhibitions approach and fashion weeks in Dubai and a number of Arab countries are just around the corner, Manish Kumar, CEO of Geo Chem Middle East CPS , an independent inspection and testing company, spoke about the series of tests that textiles and clothing undergo before they reach consumers, explaining that different textiles, such as clothing, including  jeans, scarves, woolen jackets, bedclothes, curtains, towels, carpets, and many others, are subjected to thorough ......read more

    Thousands Expected to Participate in 12th Terry Fox Run in RAK on Saturday

    The fund raiser has to date collected AED 8 million for UAE cancer research projects Funds raised from the event will be donated to the UAE University in Al Ain for continuing Terry Fox funded cancer research projects The event is scheduled for Saturday, February 26, 2022; registrations start from 7am while the run will begin at 9am Participants can either opt for 3km route or 5km route February 24, 2022 - Ras Al Khaimah, UAE: The popular and much-anticipated Terry Fox Run is set to return to RAK for its 12th edition. The fund raiser which has to date collected AED 8 million for ......read more

    QNET Wins 5 AVA Digital Awards this Year

    DUBAI - February 24, 2022: QNET, the global e-commerce based direct selling company, has bagged five at the 2022 edition of AVA Digital Awards.  The five awards including two in the platinum category and three in the gold category, marks QNET's second consecutive year of multiple wins at the this coveted awards. QNET shared the stage with international brands like AT & T, BET Networks, Dell Technologies, Microsoft, Al Jazeera, and many more. The AVA Awards honours work done in the concept, direction, design, and production of media.  Commenting on this ......read more

    Al Etihad Credit Bureau Launches ChequeScore Mobile Application

    Intuitive app helps customers know the probability of a cheque to bounce Dubai, UAE - 23, February 2022:  Al Etihad Credit Bureau (AECB) announced the launch of ChequeScore, an innovative mobile application that allows both businesses and individuals to instantly know how likely a cheque issued through a UAE-based bank is to bounce. “ChequeScore will help reduce the number of bounced cheques in the UAE”, said Marwan Ahmed Lutfi, Chief Executive Officer of AECB. “Last year, bouncing a cheque was a criminal offense; however, with the new law decriminalizing this in ......read more

    Zoho Grows by 58% as UAE Market Recovers from the Pandemic, Doubles its Workforce

    Dubai - February 22, 2022:  Zoho, the global technology company with the most extensive product portfolio in the industry, announced today that it has seen 58% growth in the UAE in 2021. The company has doubled its workforce in the country and increased its channel partner network by 48 per cent. The announcement was made during Zoholics Dubai, the company's annual user conference being held at The Address Skyview, Downtown.    "Zoho's growth in the region is largely underpinned by local businesses realising the power of SaaS applications, as they reap benefits ......read more

    Emirates Institute for Banking and Financial Ramps Up Financial and Banking Training for UAE Nationals in Line with Government Efforts

    Dubai, UAE - February 21, 2022:  Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, today announced that it will amp its efforts to upskill Emirati talent working in the banking and financial sector. This decision is in line with the announcements made by the UAE government to increase Emirati representation in the workforce.    To mitigate the impact of COVID-19 and prepare UAE nationals for the future has enhanced training and support programs. This year, as part of EIBFS’s Annual Training ......read more

    GFH Launches GCC $100m Sukuk Fund

    • Diversified fund comprises basket of fixed income instruments from various GCC countries   20, February 2022: GFH Financial Group (GFH) has announced that is has launched and seeded a $100 million sukuk fund which holds a diversified portfolio of sukuk following signing  agreement with Credit Suisse to provide attractive financing and fund administration services. The fund holds a portfolio of sovereign, quasi sovereign and corporate sukuk and sukuk-related securities from various countries and issuers, primarily in the GCC and will be managed in accordance to Sharia ......read more

    Sahab Showcases Next-Generation IoT Solutions to Improve Safety and Efficiency at UAE Innovates in Sharjah

    Gold Sponsor Sahab unveils Connected Worker and Smart Factory solutions to help make worksites safer, more efficient, and productive  Sharjah, February 16, 2022:  Sahab Smart Solutions (Sahab), part of Sharjah Asset Management Holding portfolio, is showcasing two future-forward and agile smart solutions at UAE Innovates in Sharjah, celebrated from February 14 – 18, 2022. At the emirate’s largest gathering of innovators across a spectrum of disciplines, Sahab unveiled the Sahab Connected Worker and Smart Factory products that use integrated IoT technologies to ......read more

    Ajman Free Zone boosts compliance to international standards with new ISO certifications to enhance business environment

    Certificates reaffirm AFZ’s efficiency in Information Technology Service Management and Information Security Management Systems AFZ achieves a total of six international certifications February 15, 2022: Ajman Free Zone has secured two new certifications from ISO, proving the organization’s capability to adhere to the highest standards of quality, productivity, and efficiency. The free zone has received the ISO/IEC 20000-1:2018 Information Technology Service Management and the ISO/IEC 27001:2013 Information Security Management Systems. The new certificates bring ......read more

    MG Confirms its Middle East Car Supplies are at almost full Capacity for 2022 Despite the Global Chip Shortage

    14 February 2022, UAE - Car buyers in the Middle East can look forward to virtually unhindered access to the increasingly popular MG range in 2022, with the brand confirming it has resumed production at almost full capacity, despite the global chip shortages being experienced by many manufacturers in the automotive industry. The British-born band is one of the only car makers operating at an almost 100% supply rate.  Initial orders from customers across the Middle East at the beginning of 2022 stood at around 11,057 units, but the brand has already supplied 12,000 units, with most ......read more

    UAE Banks Federation (UBF) enters into a Memorandum of Understanding with The Participation Banks Association of Turkey

    Abu Dhabi, 11 February 2022: UAE Banks Federation (UBF), the unified voice and representative of UAE Banks, has entered into a Memorandum of Understanding (MOU) with The Participation Banks Association of Turkey (TKBB), a leading representative association of Turkish banks, with the aim of exchanging expertise to support the banking sector and financial industry.  The MOU, which is similar to several other MOUs which UBF has entered into with a few countries, also aims to build stronger bonds between financial institutions at both parties to actively contribute to the development ......read more

    VFS Global Launches Passport Renewal Services for Sri Lankan Residents in the Kingdom of Saudi Arabia

    • Service offered from 13 locations across the Kingdom  • First Sri Lanka Passport Application Centre inaugurated on 06 February 2022 in Riyadh • Customer can submit passport renewal application and/or collect renewed passports   The Embassy of Sri Lanka in the Kingdom of Saudi Arabia (KSA) has partnered with VFS Global to provide efficient passport renewal services to a vast population of Sri Lankan nationals living in the Kingdom. Serving as an alternative platform, VFS Global passport renewal services allow customers to submit a passport renewal ......read more

    Dubai Islamic Bank Successfully Prices USD 750 Million Senior Sukuk

    Dubai, February 9, 2022:  Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody's and A by Fitch successfully priced a landmark USD 750 million 5-year Sukuk issue with a profit rate of 2.74% per annum.  The deal represents the first Sukuk from the United Arab Emirates in 2022, paving the way for other issuers to access the international Sukuk market. DIB continues to be the leader in Islamic finance, with an established and strong investor following from Europe, Asia and the Middle East. Despite investor concerns around the global interest rate environment, DIB ......read more

    Henkel Plans to Merge Laundry & Home Care and Beauty Care to Create New “Consumer Brands” Business Unit

    Comprehensive measures to take Purposeful Growth Agenda to the next level   • Creating one multi-category platform for growth with around 10 billion euros sales • Continued optimization of consumer portfolio: clear focus on core brands and businesses with attractive growth and margin potential and a stronger basis for M&A across consumer space • Significant synergies and efficiency gains expected through the combination • Launch of share buyback program of up to 1 billion euros: leverage strong balance sheet and cashflow, optimize the capital ......read more

    GCC Insurance Industry to Witness a Pickup in Growth, Forecasts Alpen Capital

    Dubai – Feb 8, 2022: UAE-based investment banking advisory firm, Alpen Capital, launched its latest GCC Insurance Industry report on Tuesday, 8th February. The report provides a comprehensive overview of the GCC insurance sector and outlines the outlook, recent trends, growth drivers and challenges in the sector. It also profiles some of the renowned insurance companies in the region. The report was launched over a webinar followed by a panel discussion featuring Krishna Dhanak, Managing Director, Alpen Capital; Fareed Lutfi, Secretary General, Gulf Insurance Federation; and ......read more

    QNET Launches Qlearn Platform to Offer Short Courses to Promote Continuing Education

    Courses offered range from social media marketing, English language skills, IT security and women empowerment Dubai, 07 February 2022: The global e-commerce based direct selling company, QNET launched an innovative, learning platform called Qlearn on February 2, 2022 to promote and nurture lifelong continuing education. In a statement, QNET said Qlearn has been launched with the purpose of offering small certificates across an array of courses for all those who wish to upskill themselves for higher professional, career, and business growth in the current highly competitive ......read more

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