Dubai, UAE, 5 February 2025– BluSmart, the region’s first 100% electric full-stack premium limousine service, has been honoured with the prestigious 'Best Ride-Hailing Service of the Year' award at the Middle East Truck & Fleet Awards 2025. This accolade reaffirms BluSmart’s commitment to delivering a sustainable, reliable, safe and premium travel experience in the UAE, ensuring exceptional customer service. The Truck & Fleet Awards recognizes companies that have demonstrated excellence in fleet management, transport, and mobility solutions. The award highlights BluSmart’s impact in revolutionizing the way people in the UAE travel, offering chauffer driven city rides, airport rides, hourly rental bookings within the city as well as drop-off to other Emirates. Commenting on the win, ......read more
Qatar’s digital payments market is rapidly expanding, with the number of users projected to reach 2.87 million by 2028. February 03, 2025: BKN301 Group, a London-based Banking-as-a-Service technology provider dedicated to empowering the financial industry and operating in European and MENA markets, has designated its Qatar office as the company’s regional headquarters for the MENA region, in line with its ongoing development strategy. This move highlights BKN301’s commitment to driving digital transformation across the region and advancing the fintech sector through its innovative solutions. By leveraging its global expertise in digital banking solutions, the new head office in Qatar, which is now fully operational, will serve as a regional hub, offering advanced BaaS Orchestrator solutions and cutting-edge ......read more
Company highlights Japan-quality innovations, sustainability and customer-centric strategies to address the unique needs and preferences of Nigerian market Lagos, Nigeria Panasonic Marketing Middle East & Africa (PMMAF) has unveiled its roadmap to support the company's growth journey in the Nigerian market this 2025 and beyond. With a strong focus on the air conditioning (AC) business, Panasonic aims to address the increasing need for high-quality climate control solutions in Nigeria, enhancing comfort and energy efficiency for both residential and commercial spaces. The brand's business strategy marks a renewed commitment to empower local consumers and businesses with new innovations that embody 'Japan Excellence,' further expanding its product portfolio to meet the rapidly growing demand for cutting-edge ......read more
NBF posted its second consecutive year of record results; achieving its best ever operating and net profit performance generated through strong balance sheet growth Net profit before tax grew 28.9% to reach AED 934.8 million; with net profit after tax of AED 850.1 million 29 January 2025: NBF is pleased to announce its results today for the year ended 31 December 2024 in accordance with the approval received from the Central Bank of the United Arab Emirates. Highlights: NBF recorded year-on-year growth of 28.9% to close the year at a net profit before tax of AED 934.8 million compared to AED 725.1 million in 2023. Further, NBF posted a record net profit after tax of AED 850.1 million for the year with a corporate tax charge of AED 84.7 million. These results demonstrate the bank’s continued ......read more
Solar PV panels will be added to more than 100 service stations across Abu Dhabi, intended to avoid more than 13,000 tonnes of CO₂ emissions annually. Milestone marks the second phase of service station solarization program following the successful installation of solar PV panels at 28 service stations in Dubai. Initiative supports ADNOC Distribution’s sustainability goals, in line with its aim to reduce operational carbon intensity by 25% by 2030 Abu Dhabi, UAE – January 21, 2025: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest mobility and convenience retailer, announced today the launch of the second phase of its service station solarization program in collaboration with Emerge, a joint venture between Masdar and the EDF Group. Under the program, Emerge will ......read more
Abu Dhabi, 15 January 2025 Al Hilal Bank, a subsidiary of ADCB Group, has appointed Jamal Al Awadhi as its new Chief Executive Officer to spearhead the Bank’s ambitious growth trajectory and reinforce its position as the UAE’s premier Shariah compliant digital bank. Al Awadhi, a seasoned industry leader and UAE national, brings over 20 years of senior leadership experience across diverse sectors, including financial services, media, information technology, and aviation. Before joining Al Hilal Bank as Deputy CEO in May 2024, he had served as Chief Operating Officer at Wio Bank and Chief Executive Officer at Abu Dhabi Media. Ala'a Eraiqat, Chairman of Al Hilal Bank and Group CEO of ADCB, commented: “I am delighted to welcome Jamal to his new role as CEO of Al Hilal Bank at a time when the Bank is taking bold ......read more
Emrill Energy, a leading provider of energy management solutions in the UAE, has signed a landmark Memorandum of Understanding (MoU) with the Institute of Real Estate Management (IREM), a globally recognised association dedicated to advancing the real estate management profession, based in Chicago, USA. The MoU was signed by Stuart Harrison, CEO of Emrill, and Dawn Carpenter, CPM, 2025 President of IREM. The MOU was further endorsed by IREM’s 2025 President-Elect, Mindy Gronbeck, CPM. The MoU underscores Emrill Energy and IREM's shared commitment to promoting best practices in energy efficiency and sustainability through education, collaboration, and innovative solutions. The collaboration will enable real estate professionals to access cutting-edge training programmes, workshops, and resources designed to drive ......read more
Dubai, U.A.E., 02 January 2025 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”), the global aviation services company, today reported its business transactions update for the full year 2024. DAE Capital: Acquired 83 aircraft (owned: 30; managed: 53) Sold 68 aircraft (owned: 19; managed: 49) Signed 233 lease agreements, extensions and amendments (owned: 190; managed: 43) · Placed on long-term lease 17 Boeing 737 MAX aircraft to Turkish Airlines, Eastar Jet, and Hainan ......read more
UAE, 2nd January 2024 : Reiterating its commitment towards making Ayurveda a reliable choice for health and well-being across nations; Dabur International, with its 138 years of rich legacy, joined forces with EAGAFEST 2024. Held at Crown Plaza, Deira the Emirates Ayurvedic Graduates Association (EAGA) celebrated and honoured the ancient science of holistic health and balanced living. As pioneers in revolutionizing Ayurvedic products across an array of essentials like personal care, oral care, hair care, and health supplements; Dabur International plays a pivotal in upholding the principles of Ayurveda. Ayurveda is perceived as one of the most ancient well-documented systems of medicine equally relevant in modern times. Its holistic approach and unique healing processes honor it with an indomitable position as the ‘Science of ......read more
The initiative helps cut customs processing times by more than 50%, streamlining operations and accelerating supply chain efficiency By enabling goods inspection directly at Aramex warehouses, the initiative reduces the need for traditional inspection points at customs centres and associated delays of off-site inspections Dubai, United Arab Emirates; 30 December 2024: Aramex, the leading global provider of comprehensive logistics and transportation solutions, has announced significant operational improvements following the implementation of the innovative Seamless Inspections initiative by Dubai’s Ports, Customs, and Free Zone Corporation (PCFC). The program, which stations customs officers directly at Aramex warehouses, has reduced shipment processing times by more than 50% and achieved time savings of approximately five ......read more
Masdar has acquired Saeta Yield and partnered with Endesa S.A. in Spain UAE's clean energy leader has acquired Saeta, an established renewables platform with an operating portfolio of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal, for an enterprise value of €1.2 billion Masdar is also partnering with Endesa in Spain in a portfolio of over 2GW of solar assets and aims to add 0.5GW of battery storage, acquiring 49.99% for an enterprise value of €817 million for this stake Landmark deals expand Masdar's portfolio in Iberian Peninsula and Europe, as company targets global capacity of 100GW by 2030 Partnership with Endesa S.A. includes regulated renewable assets and long-term power purchase agreements under which Endesa S.A. through a subsidiary, will acquire 100 ......read more
Phase One of the solar project has been successfully completed and has a production capacity of 569 kWp. Grandweld aims to achieve its ambitious goal of becoming a 100 % green shipyard by the end of next year by meeting 100 % of its energy needs through renewable sources (Solar Energy). Phase Two to generate a total power capacity of 1.3 Mega Watts by next year UAE, December 17, 2024: Grandweld Shipyards, a leading fully integrated shipyard within the maritime and offshore industries, has become the first shipbuilding company in the Middle East to harness solar energy on a large scale to meet its energy requirements. The company currently generates 50 % of its energy needs through renewable sources following the successful completion of Phase One of its ambitious solar panel project, underscoring its commitment to the Dubai ......read more
These Top Industry Trends Provide the Differentiation Needed for Enterprises to Gain the Optimal Benefits from Their I&O Operations in 2025 DUBAI, UAE, December 17, 2024 — Gartner, Inc. highlighted the six trends that will have a significant impact on infrastructure and operations (I&O) for 2025 (see Figure 1). "These trends give the opportunity for I&O leaders to identify future skills requirements and seek insights to help meet implementation requirements," said Jeffrey Hewitt, Vice President Analyst at Gartner. "They will provide the differentiation needed for enterprises to gain the optimal benefits from their I&O operations in 2025." Trend No. 1: Revirtualization/devirtualization The recent license changes for certain vendor-based solutions have forced many I&O teams to ......read more
The Banker Magazine, owned by the Financial Times and based in London, named Arab Bank as Bank of the Year in the Middle East for 2024, for the second consecutive year. The announcement came during The Banker's "Bank of The Year Awards 2024" ceremony held recently in London and attended by several senior representatives from leading banks from all over the world. The Banker's judging panel's decision to honor Arab Bank with this highly coveted regional award was based on criteria assessing a number of different indicators, including the Bank's financials, strategy and performance, in addition to other specific indicators, a process that takes over 5 months to conduct. The Banker Magazine, for more than 90 years, has been the world's longest-running international banking ......read more
VinFast is setting a new standard for sustainable innovation in the electric vehicle (EV) industry. By prioritizing long-term environmental impact over short-term gains, VinFast is actively addressing the challenges of battery disposal and reuse, positioning itself as a leader in the circular economy. As the world transitions to EVs, opportunities to enhance sustainability continue to emerge. While EVs are widely recognized as a solution to global warming, the industry is actively addressing areas for improvement, particularly in the lifecycle management of EV batteries. In this evolving landscape, the Nasdaq-listed VinFast is carving out a distinctive role—not just as a carmaker but as a forward-thinking leader dedicated to advancing sustainability. This dedication to sustainability is evident in VinFast’s partnership ......read more
شهدت السنوات الأخيرة ارتفاعًا ملحوظًا في قيمة العملات الرقمية المشفرة مثل البيتكوين والإيثيريوم، مما أثار اهتمام العديد من الصناعات في دمج هذه العملات ضمن أنظمتها الاقتصادية. من بين هذه الصناعات، تأتي كازينوهات الإنترنت على رأس القائمة، حيث بدأ مشغلو الكازينوهات على الإنترنت في تبني هذه العملات كوسيلة دفع جديدة، مما أحدث تحولًا مهمًا في طريقة تقديم خدمات القمار عبر الإنترنت. العملات المشفرة كوسيلة دفع جديدة في الكازينوهات أحد أهم التحولات التي شهدها هذا القطاع هو إدخال العملات المشفرة كطرق دفع أساسية في الكازينوهات. تقدم العديد من الكازينوهات الآن لاعبيها الفرصة للإيداع والسحب باستخدام العملات الرقمية، وهو ما يوفر لهم مرونة كبيرة في التعاملات المالية مقارنةً بالطرق التقليدية مثل بطاقات الائتمان أو التحويلات البنكية. فالميزة الكبرى للعملات المشفرة هي السرعة، حيث تسمح بتسوية المعاملات في وقت قياسي، بالإضافة إلى تقليل الرسوم ......read more
Last 100 million applications have come in the past 5 years – despite pandemic- driven travel slow-down of 2020-2022 Trusted partner of 69 governments; working with 25 of them for over 15 years VFS Global, the world’s leading outsourcing and technology service specialist for governments and diplomatic missions worldwide, has crossed the 300 million applications milestone. It is notable that the last 100 million applications have been achieved in the past 5 years despite the pandemic-driven travel slow-down of 2020-2022. In 2023 alone, the company processed 24.1 million applications, 35% more than 2022. (Source: ISR 2023), and between January to May 2024, it has processed approximately 100,000 applications a day. Zubin Karkaria, Founder and Chief Executive Officer, VFS Global Group, said, “We are very ......read more
The United Arab Emirates (UAE) is doubling down on its efforts to diversify its economy by aggressively investing in the financial technology (fintech) sector. As part of their efforts to reduce their reliance on energy, there is a clear desire to set the pace when it comes to financial services. To achieve those aims, the country has started venturing into new territories such as digital assets and tokenising intellectual properties. These fintech advancements are well-positioned to support the growth of other sectors in the UAE, including the iGaming industry, which recently received its first lottery license. The move paves the way for the best online casino in Dubai to operate freely in a newly regulated market. Fintech will play a crucial role in the growth of the industry. Whizmo Aiming to Open the Door to ......read more
November 18-19, 2024 | JOCIC Park, KEZAD, Abu Dhabi, UAE Abu Dhabi witnessed a landmark event today with the official opening of the 2nd Chinese Industrial Products Exhibition (CIPE 2024) at JOCIC Park, KEZAD. This premier event, a testament to four decades of China-UAE economic partnership, brought together innovators, investors, and policymakers to chart a new course for industrial collaboration. The opening ceremony, organized by JOCIC and supported by ADDED, Abu Dhabi Customs, ADIO, Abu Dhabi Chamber, KEZAD Group, and ADSM, welcomed distinguished delegations from both nations. “This exhibition reflects the deep friendship and shared vision between our two countries,” said Zou Yonggang, Chairman of JOCIC. “With nearly 90 enterprises showcasing their expertise, it underscores our commitment to advancing ......read more
New customer connections in four countries: UAE, India, Egypt and Oman Company committed to maintaining 'Investment Grade' credit rating Abu Dhabi, United Arab Emirates—15 November 2024: Tabreed, the UAE's leading international district cooling company, has released its consolidated financial results for the first nine months of 2024. Tabreed has experienced a 6% year-on-year rise in consumption volumes during 9M 2024, helping normalised net profit before tax to also increase by 4% to AED 462 million. During the first nine months period, the company delivered consistent growth, maintained resilient profitability margins and further strengthened its financial position. Group revenue increased to AED 1.85 billion in 9M 2024, driven by growth in consumption and 29,000 Refrigeration Tons (RT) of new connections ......read more
e& completes acquisition of controlling stake in PPF Telecom and 100% acquisition of GlassHouse, expanding its footprint to 38 countries Abu Dhabi, 30th October 2024: e& today announced its Q3 2024 consolidated financial results, reporting consolidated revenue of AED 14.4 billion, growing 10 per cent year-over-year in constant currency, while consolidated revenues for the first nine months of year 2024 recorded AED 42.7 billion, growing 9 per cent YoY, reflecting continued growth across most verticals. e& completed an important milestone by closing the transaction of PPF Telecom that will enhance the group portfolio diversification while it continues to grow its digital services across enterprise solutions, fintech, and media and entertainment sectors. This diversification will allow it to pursue its strategic ambition ......read more
The "Go Green with Taiwan" project announces 16 semifinalists from 11 countries. The selected nations include Kenya, Canada, the UK, Luxembourg, Hungary, Ukraine, India, Vietnam, the Philippines, Singapore, and Malaysia. The initiative, which ran from June 19 to August 31, 2024, received 396 proposals from 45 countries. Vietnam, India, the Philippines, Poland, Thailand, Malaysia, the UK, and Indonesia emerged as the top contributors. Organized by the Taiwan International Trade Administration (TITA) and Taiwan External Trade Development Council (TAITRA), this global project encourages individuals, social institutions, and non-governmental organizations to submit ideas for a better world using Taiwanese green products and solutions. This initiative highlights Taiwan's commitment to global sustainability and showcases ......read more
29 October 2024: NBF is pleased to announce its results today for the nine-month period ended 30 September 2024. Highlights: NBF recorded year-on-year growth of 39.3% to close the nine-month period at a net profit before tax of AED 715 million compared to AED 513.2 million in the corresponding period of 2023. Further, NBF posted a net profit after tax of AED 650.4 million for the nine-month period with a corporate tax charge of AED 64.6 million. On the back of a strong Q3 2024 performance, NBF posted a net profit before tax of AED 230.1 million in the third quarter of 2024, a rise of 27.1% over the corresponding quarter of 2023. These results demonstrate the bank’s continued momentum on selective quality business growth and the ability to initially maintain margins in a falling interest rate ......read more
Increased operational activities drives revenue growth: Net Interest Income (NII) increased by 13% year-on-year, propelled by sizable balance sheet expansion and sustained healthy client margins. This growth underscores our effective asset-liability management and strategic focus on core lending activities. In addition, non-interest income surged by 21% compared to the previous year, now comprising 30% of the total operating income. This significant contribution reflects our success in diversifying revenue streams through enhanced fee-based services and other non- interest-generating activities. · Continued Strength in Balance Sheet Expansion: Our solid organic expansion carried through the third quarter, highlighted by a 12% year-to-date growth in lending and a 7% ......read more
The Group has registered robust financial performance with operational profit surging to AED 151.78 million, a significant 69% YoY growth. Gross profit more than doubled from the same period last year, soaring by 221%; while total assets rose by 13% compared to December 2023. Growth momentum continues to be shaped by portfolio expansion and successful execution of strategic objectives. Abu Dhabi, UAE - 28 October 2024: Emirates Stallions Group (ADX: ESG), the leading conglomerate operating across the Workforce Solutions, Construction and Real Estate sectors, and a subsidiary of International Holding Company (ADX: IHC), today announced a leap in operational profit to AED 151.78 million in the first nine months of 2024, achieving a growth of 69% compared to the same period in 2023. ESG’s robust financial ......read more
Ras Al Khaimah, United Arab Emirates, October 21, 2024 – The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for the Sep’24 YTD. Key Financial Highlights – Sep’24 YTD RAKBANK delivers record net profit after tax of AED 1.7B, growth of 25% YoY, driven by growth in loan portfolio across all business segments, improved asset quality and tailwinds from higher net interest income. Operating income for YTD Sep’24 is up 8.1% YoY, supported by a net interest margin of 4.6%, on the back of well diversified asset growth, stable and loyal CASA customer base, augmented by higher non-interest income. Operating Expenses remained flat to last year at AED 1.2B for Sep’24 YTD. Cost to income ratio (CIR) at 33.6% compared to 36.2% for Sep’23 YTD as the result of ......read more
After receiving the recent green light from the General Commercial Gaming Regulatory Authority (GCGRA), Wynn Resorts has high expectations in its new gaming market. Before now, gambling in the UAE was a criminal offense, and offenders could serve up to two years imprisonment and pay a fine. Gamblers were restricted and could only play games via some of the best online casinos in the UAE, which are based overseas thanks to the country’s gambling laws being some of the strictest in the world. With the recent relaxation of gaming laws in the United Arab Emirates, businesses are now venturing into the casino industry. Wynn Resorts, as the first recipient of a Commercial Gaming Facility Operator license, is set to become a major attraction in Ras Al Khaimah (RAK) with its Wynn AI Marjan Island. This shift in regulations is ......read more
In the year 2024, the trend of forex trading has become more and more, following the increasing levels of awareness in the society. According to a report by Investment Trends, there’s a 9% increase in the FX transactions along with the contracts for difference. The report shows a staggering amount of 18,500 new traders in the last year. There are some reasons that drive the interest in FX trading. One of them is the UAE, which is a global financial center with expensive resources, including property and oil. As the hub of the economy, the UAE successfully attracts investors and traders. Another supporting factor is government regulation regarding FX trading. To support the traders, The Central Bank of the UAE oversees the trading activities in the country. Their regulations may keep the traders as they provide certain ......read more
Dubai, UAE, 3 October 2024: An investigation by the Dubai Financial Services Authority (DFSA) has revealed that OCS International Finance Limited (OCS) had breached multiple DFSA Rules, including mismanaging USD 46 million (AED 168,820,000) of client funds, and misleading a bank and the DFSA. As a result, the DFSA has imposed a fine, after a 30% settlement discount, of USD 720,905 (AED 2,645,721) on OCS, and USD 186,003 (AED 682,631) on its CEO, Mr Christian Franz Thurner. Alongside the financial penalties, Mr Thurner has been prohibited from holding any executive or employee position in an Authorised Person, Designated Non-Financial Business or Profession, Reporting Entity, or Domestic Fund. He is also restricted from performing any financial service-related functions in or from the Dubai International Financial Centre (DIFC). A ......read more
October 1st, 2024: Bridgestone, a global leader in tyres and sustainable mobility solutions, partnered with Al Jawaden Group, a prominent player in Iraq’s automotive sector, to transform mobility solutions in the Middle East. The partnership was formalized at a signing event at SO/Uptown Dubai, marking a significant step forward in Bridgestone's expansion plans in the Middle East. Through this partnership, Al Jawaden Group's substantial market share in Iraq will be combined with Bridgestone's state-of-the-art tyre technology and mobility services to maximise benefits. Both entities reiterated their commitment to transforming the automotive landscape through innovative and sustainable offerings that improve efficiency and reliability. More importantly, the partnership is perfectly aligned with Bridgestone's E8 ......read more
24 September 2024 – Abu Dhabi, United Arab Emirates: Global Aerospace Summit, a premier forum spearheaded by CEO’s bringing together the world's aerospace supply chain, is set to drive greater sustainability, youth engagement, and innovation across the industry. The Summit, taking place from 25 to 26 September in the UAE capital, has grown in stature and significance to become the premier platform for high-level dialogue and strategic insights for the industry. This long-standing event, currently in its seventh edition, continues to bring together the brightest minds and cutting-edge solutions in the aerospace, space and defence sectors consistently attracting government officials, industry CEOs, and leading academics dedicated to advancing the sectors around the world. Sponsors and participants at ......read more
Dubai, UAE – Avyanco, a leading business set-up and tax consultancy firm in the UAE, continues to solidify its presence as a trusted partner for entrepreneurs and businesses navigating the region’s competitive market. Under the leadership of Mr. Jashvantkumar Prajapati, who brings over 20 years of industry expertise, Avyanco has successfully assisted over 10,000 clients with tailored business and financial solutions. Known for its client-centric approach, Avyanco stands out in the UAE’s dynamic landscape by delivering customized strategic guidance that helps businesses overcome the complexities of regulations, taxation, and compliance. Mr. Jashvantkumar Prajapati emphasizes the importance of education in fostering success in today’s fast-paced business environment. “Our primary focus is on educating ......read more
In recent years, ITBFX forex broker has gained a lot of popularity among traders and introducing brokers (IBs). Now, as the 7th edition of the Forex Expo Dubai approaches, more traders are looking to familiarize themselves with the broker, hoping to benefit from their services in this grand event. In a nutshell, they want to know: What is ITBFX broker? Is ITBFX a reliable forex broker? What services does ITBFX provide? What account types does ITBFX offer? How can I make money on ITBFX broker? If you, too, would like to know the answer to these questions, then this comprehensive review is for you. Keep on reading to learn everything you need to know about ITBFX broker in 2024. So, What Is ITBFX Broker’s Deal? The International Trading Brachium (ITBFX) broker offers ......read more
Based in the UAE, the Toastmasters District 127 runs 155 clubs across Dubai, the Northern Emirates, and Lebanon. Dubai-based entrepreneur, academician and veteran Toastmaster Sujit Sukumaran has been elected to global board of the Toastmasters International. DUBAI – September 18, 2024: Toastmasters International, the world’s largest non-for-profit organization for public speaking and leadership development, has recently announced that its UAE-based District 127, which represents Dubai, the Northern Emirates, and Lebanon, as the No. 1 district globally. The announcement has been made during Toastmasters International’s 100th-anniversary convention, recently held in California. Adding to the district's accolades, Dubai-based entrepreneur and academician Toastmaster DTM Sujit Sukumaran has been ......read more
Dubai, UAE (September 17, 2024): Grandiose Supermarkets, a leading retailer of premium food and groceries, has long been a one-stop shop for all pet essentials. In celebration of International Dog Day, they launched a major on-ground campaign to showcase their extensive pet product range. From gourmet food and delectable treats to innovative toys and accessories, Grandiose offers everything to pamper your furry companions. As part of this exciting campaign, Grandiose proudly presents "ONLY A DOGGIE NOSE." A series of out-of-home posters with an unusual creative twist. The posters were coated with the aroma of most-loved doggie delights. It made the posters unmissable for doggies, leading dog owners to discover an embedded QR code on the posters that lead them to our Grandiose App for special discounts on doggie ......read more
In an industry traditionally dominated by men, Dr. Bina Modi, Chairperson and Managing Director of Godfrey Phillips India Limited, has not only carved out her own space but has also reshaped the contours of leadership in the tobacco sector, underscoring how women can rise to the top through determination, acumen, and relentless hard work. Dr. Bina Modi: A Visionary Leader Bina Modi’s journey is a remarkable one, defying the odds in a world that wasn’t always ready to accept a woman’s authority in business, especially in tobacco. Though she inherited a legacy as the wife of the late KK Modi, the founder of the Modi Group, her path to success was anything but straightforward. Initially, even her biggest supporter, KK Modi, was unsure about her potential to thrive as an entrepreneur. Despite being the daughter-in-law ......read more
Abu Dhabi, U.A.E. - September 16, 2024: Hitachi Energy presents its solutions for a sustainable, flexible and secure energy system at the World Utilities Congress (WUC) 2024 to be held at the Abu Dhabi National Exhibition Centre (ADNEC) from September 16-18. The event gathers energy leaders, policymakers, innovators, and professionals from the power and water utilities value chain to discuss and address the trends and challenges shaping the industry. At the event, Hitachi Energy showcases its industry-leading technologies and innovations on enhancing power system flexibility, advancing digitalization, and accelerating the global energy transition. Power system flexibility is critical for integrating renewable energy sources like solar and wind, ensuring grid stability, and reducing carbon emissions. As the energy landscape evolves, ......read more
Monday, September 16, 2024 – Dubai, UAE: Al Fujairah National Insurance Co. (AFNIC) announces the launch of “FloodGuard,” the region’s first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm, and Tempest for third-party insured motorists. FloodGuard offers crucial coverage for personal or company-owned vehicles used exclusively for personal or leisure purposes, especially those over 7 years old that often do not qualify for comprehensive insurance. “In response to the recent heavy rains in the UAE, AFNIC’s innovative solution provides much-needed relief to private car owners. We are proud to spearhead this groundbreaking insurance product in the UAE,” says AFNIC CEO Antoine Maalouli. “Our commitment is to address our clients’ ......read more
H.E. Bin Touq: Under the guidance of its wise leadership, the UAE consistently takes proactive measures to strengthen corporate social responsibility practices The initiative highlights the key role of the National CSR Fund in channelling private sector contributions toward national development initiatives The meeting highlighted the accomplishments and future initiatives, which are aimed at fostering strategic partnerships and promoting sustainable practices in the UAE Dubai, 12 September 2024: National CSR Fund – Majra held its fourth meeting of the Board of Trustees for 2024-2026 term. The Board of Trustees play a key role in establishing the regulatory framework for corporate social responsibility and sustainable impact in the UAE. The meeting was chaired by H.E. Abdulla Bin Touq Al Marri, Minister of Economy and ......read more
Ongoing support from Kia has enabled the removal of over one million pounds of plastic from the Great Pacific Garbage Patch (GPGP) Partnership with The Ocean Cleanup aligns with Kia’s strategic transformation into a sustainable mobility solutions provider Dubai, United Arab Emirates, September 11, 2024 — Kia Corporation and global partner The Ocean Cleanup are today celebrating a significant milestone in their joint strategy to tackle plastic pollution in the world’s oceans. Symbolically returning to the port of San Francisco from which the first-generation System 001 vessel embarked on its maiden voyage six years ago, The Ocean Cleanup's current System 03 has completed a significant haul. Since the establishment of the partnership in 2022, Kia’s support has helped The Ocean Cleanup remove over ......read more