Doha, Qatar – 22 May 2017:  Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has received the award of ‘Leading Bank in Islamic Services and Products in Qatar’ at the ‘The Arab Banks Awards & Commendations of Excellence 2017’, which was organized by the World Union for Arab ......Read More

Abu Dhabi, 22 May, 2017:  In partnership with the Ministry of Economy, the 3rd Annual Angel Rising Investor Education Symposium organized by startAD and VentureSouq saw local and global experts come together to discuss Global vs. Local Investing Perspectives in the context of creating a robust and flourishing entrepreneurial ecosystem in the ......Read More

Global rail technology leader to join Expedia's family of top global brands BELLEVUE, Wash., USA and LONDON, May 21, 2017:  Expedia, Inc., (NASDAQ:  EXPE), one of the largest online travel groups globally and owner of brands such as Expedia.com, Hotels.com and Trivago, have announced entry into a definitive agreement with SilverRail Technologies, Inc., the world’s first dedicated rail GDS technology provider. Expedia® will acquire a majority stake in SilverRail. SilverRail’s core mission is to solve rail's most challenging technology problems and the company has been an important Expedia industry partner, helping to bring online booking for rail to ......Read More

Company’s regional headquarters in Dubai to serve as base for expansion in one of the world’s top remittance sending regions Third largest money transfer company in the world unveils new remittance service to India with three new principal agents adding tens of thousands of locations to their Indian network Dubai, U.A.E., May ......Read More

Dubai, 18 May 2017: UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, is bringing its financial services to the doorsteps of its customers. Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, is introducing the Mobile Exchange facility for the employees of its corporate clients to withdraw salaries literally from anywhere. This new initiative was brought into operation on the occasion of the 11th anniversary of Smart Pay. The first transaction was conducted at Le Meridian Hotel, Dubai. The Mobile Exchange is a first-of-its-kind initiative in the UAE. As a pilot, the Mobile Exchange will travel across Dubai ......Read More

Born on May 19, 1973, the UAE Dirham reflects the Spirit of the Union in its unified form May 17, 2017, Dubai:  As the UAE dirham completes its 44th year on May 19, the currency celebrates its unified form representing the seven emirates after undergoing several transformatios. The 1973 born banknotes began their journey in denominations ......Read More

showcased 20 high potential startups at leading innovation driven events in the UAE, including AIM Startup, STEP Conference and ING Creative Festival in5 members raised approximately AED140 million in funding Dubai-UAE: 17 May, 2017:  in5, the enabling platform for entrepreneurs and startups, launched by TECOM Group, is leading the charge in transforming the UAE startup space with its sustained efforts in accelerating the scope and visibility of entrepreneurs amongst a valuable pool of thought leaders, the wider business community and investors. Commenting on in5’s progress to date, Malek Al Malek, CEO of TECOM Business Parks said: “We congratulate our in5 ......Read More

  Sultan Butti bin Mejren: Dubai is a center of global real estate innovation Omar Subhi: National Bonds will soon start phase three Dubai-UAE: 17 May 2017 - National Bonds Corporation PJSC (National Bonds), the leading sharia-compliant savings and investments company in the UAE, recently won the Best Mortgage Product for its distinguished work on developing the second & third phases of the Green Community project at Motor City which offers buyers the opportunity to own their dream home with a flexible payment plan spanning over eight years. The company was recognized during the Gulf Real Estate Awards ceremony that was held by the Dubai Land Department in ......Read More

Dubai, May 17, 2017:  Doha Bank hosted a knowledge sharing event on “Regulatory Changes and Opportunities” on 15th May 2017 at Four Seasons Hotel, Doha, Qatar.  The Guest of the Honour in the evening was H.E. Mr. Nassir Abdul-Aziz Al-Nasser, UN High Representative for the Alliance of Civilizations. Mr. Ali Ibrahim Abdullah ......Read More

Dubai, UAE, May 16: 2017:  Marks & Spencer is pleased to announce the launch of its new scent for Ramadan; Opulence OUD. This delightful scent contains warming and spicy accents with an opulent, enticing floral heart and aromatic saffron accords. The fragrance leaves a warm, woody and sensual trail on the skin with notes of vanilla, ......Read More

•    Awarded ‘Best Islamic Bank’, ‘Best Islamic Retail Bank’, ‘Best Islamic Corporate Bank’, ‘Best Sukuk Arranger’ and ‘CEO Award’ Dubai, UAE, 15 May 2017: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, continued its dominance of the Islamic finance sector bagging an impressive five ‘Industry Awards’ at a ceremony by CPI Financial, the publisher of Banker Middle East magazine held on May 11, 2017 at the Emirates Towers Hotel in Dubai. A clear indication of the bank’s leadership position in both the wholesale and consumer businesses, DIB once again received the Best Islamic ......Read More

Continued pick-up in business confidence surveys across the major economies US and Continential Europe Equity Markets offer best growth prospects Emerging Markets upgraded to overweight, driven by burgeoning business confidence  Dubai, UAE, May 14, 2017:  Barclays revealed today its latest tactical investment recommendations in its Q2 2017 “Compass” report, published by Barclays’ Private Bank.  The latest edition of the Compass research report, which examines major asset classes globally, maintained its overweight allocation to Developed Markets Equities stating that the US and Europe stock markets (excluding the UK) are likely to offer best ......Read More

Dubai, UAE, May 14, 2017:  Global shipping, logistics & marine services provider GAC has announced a new round of management appointments at Group and individual company level. To sharpen the Group’s commercial focus, a new Group Sales Management structure has been put in place with two dedicated Group Sales Directors to guide ......Read More

Dubai, May 14, 2017:  Doha Bank has been named the 'Best Regional Commercial Bank' for the fifth time in a row at the Banker Middle East Industry Awards 2017. The awards were presented in Dubai on 11th May 2017 at Emirates Tower Hotel, Dubai. Dr R Seetharaman, Group CEO of Doha Bank, received the award on behalf of Doha Bank and ......Read More

Dubai, UAE, May 11, 2017:  Filorga, the first French aesthetic medicine laboratory takes inspiration from the latest advances in aesthetic medicine to develop a cutting-edge serum that can treat all types of wrinkles. By integrating active ingredients usually reserved for aesthetic medicine in a skincare formula, Filorga has created an ......Read More

  May 2017 Dubai, UAE: Global Banking and Finance Review has announced ICS Financial Systems Ltd. (ICSFS), the global software and services provider for banks and financial institutions, the “Best Islamic Banking Technology Provider MEA 2017”   Global Banking and Finance Review awards ICS Financial Systems Ltd in recognition for its prominent in particular areas of expertise and excellence within the global financial community. The award reflects the innovation, achievement, strategy, progressive and inspirational changes taking place within the financial sector. ICS BANKS® ISLAMIC provides a complete  - shari’a compliant - banking business ......Read More

UAE, May 10, 2017– Salem Ahmad Almoosa Enterprises (SAAE), one of the UAE’s most prominent business conglomerates, has announced its participation as the Gold Sponsor of the 2017 edition of the Dar Al Ber Quran Memorization Project held today (May 10, 2017) at the Headquarters of Dar Al Ber Society in Dubai. This sponsorship comes as part of the company's continuing commitment towards supporting national initiatives and efforts that are aimed at strengthening religious and ethical culture among the UAE youth--also falling in line with the 'Year of Giving' initiative and the directives of the country's wise leadership to develop an integrated and unified community ......Read More

Brand emphasises career growth opportunities and long-term commitment towards developing UAE National talent Dubai, UAE, May 11, 2017:  The passion for excellence coupled with the commitment of transferring happiness has earned select Emirati staff of UAE Exchange, the leading global remittance, foreign exchange and payment solutions ......Read More

New vision unveiled to guide Mashreq Bank forward for the next 50 years Mashreq registers 50 years of uninterrupted profits and significant growth Dubai, 10 May 2017:  Mashreq Bank, the UAE’s oldest privately owned bank, is celebrating its 50 year anniversary in the United Arab Emirates today at the Dubai Opera. With 50 years ......Read More

GROHE acquires remaining stake in 50:50 joint venture from Mesma Holdings Ltd. Acquisition follows almost 45 years of successful business expansion in the Middle East, the East Mediterranean and the North and West Africa region Decision driven by firm commitment to the region and confidence in its growth prospects Dubai, UAE, May 10, 2017:  Today, GROHE AG, the world’s leading provider of sanitary fittings, announced that it has acquired from Mesma Holdings Ltd. the remaining 50 percent stake in the joint venture entity Grome Marketing (Cyprus) Limited (“Grome”). With this acquisition, GROHE takes full ownership and control of Grome.  Grome ......Read More

Dubai, May 10, 2017:  Qatar Exchange and HSBC organized the Annual Investment Forum 2017 on 8-9 May 2017 at New York Palace Hotel.  Mr. Rashid Ali Al-Mansoori, Qatar Exchange CEO   said, “Qatar exchange aims to provide more products this year to encourage investments from global investors. The Exchange traded fund (ETF) is ......Read More

The prestigious ceremony was conducted under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai DIB wins prestigious award for pioneering work in Islamic Finance Dubai, UAE, 9 May 2017:  Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, ......Read More

Signs MoU to promote innovation and advancement in Fintech in the UAE through disruptive startups. Abu Dhabi, UAE, 08 May 2017:  UAE Exchange and New York University Abu Dhabi (NYUAD) have signed a Memorandum of Understanding (MoU) to advance Fintech (Financial Technology) innovation in the United Arab Emirates (UAE) through startAD, ......Read More

Biggest-ever contract for Siemens in Qatar Contract for 35 substations received from KAHRAMAA    Project supports country’s ambitions for a reliable power transmission network  Dubai, UAE, May 8, 2017:  State-owned utility Qatar General Water & Electricity Corporation (KAHRAMAA) has awarded Siemens the ......Read More

Riyadh, Kingdom of Saudi Arabia – 08 May 2017:  Alawwal bank was named the 'Best Retail Bank' in Saudi Arabia 2017 at the Asian Bankers, International Finance Excellence Awards held at the Ritz Carlton in Dubai on 20 April.  The award recognises Alawwal bank's customer centric approach and focus on innovation in ......Read More

  •    New products and services offering for Commerzbank’s clients •    Establishment of a German Desk within Mashreq in Dubai United Arab Emirates, Dubai, 08 May 2017: Mashreq Bank, the leading financial institution in the UAE, proudly announces its partnership with Commerzbank to enable multinational & corporate clients to utilise the products and services of Mashreq in the United Arab Emirates and their Middle East network. As part of the cooperation, Mashreq will establish a German Desk at their Head Office in Dubai. This new dedicated relationship unit, headed by a former seasoned banker of Commerzbank, will be ......Read More

Landmark deal will help to deliver quality life insurance solutions to customers in the UAE Dubai, United Arab Emirates, 8th May, 2017:  Zurich International Life Limited (Middle East) (Zurich) and Standard Chartered announced today the signing of an exclusive distribution agreement. As part of it, Standard Chartered will offer ......Read More

New conceptions of mobility, new perceptions of technology First-quarter sales in 2017 up 12 percent Target sales growth for 2017 between 3 and 5 percent Sales in 2016: 73.1 billion euros EBIT from operations in 2016: 4.3 billion euros Research and development expenditure: 7 billion euros Bosch CEO Denner: “Bosch is shaping ......Read More

Supply chain influencers awarded for industry leadership and creating shared value Dubai, UAE, May 4, 2017:  Gulf Petrochemicals and Chemicals Association (GPCA), has announced the winners of the second edition of the Supply Chain Excellence Awards sponsored by SABIC that was held on the sidelines of the Supply Chain Conference at the Rosewood Hotel in Abu Dhabi on May 3. ALFRED TALKE Logistic Services won in the Land category, while Bahri Chemicals were recognized for their contributions to the marine sector. DP World UAE Region won in the Ports category and Yanbu University College in Academia. Maytham Al-Matrood, Yanbu University College, the winner of ‘Ibtikar - Rising ......Read More

Dubai, UAE, May 4, 2017:  Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 159.4 million for the quarter ended 31 March 2017. The net profit reflected an increase of 3.1% in Q1/2017 as compared to the comparative net profit figure of US$ 154.6 million achieved in Q1/2016. The Q1/2017 net profit also represents a 24.0% improvement over the Q4/2016 trailing quarter reported profit of US$ 128.5 million. The Basic Earnings per Share in Q1/2017 were US 2.1 cents, same as in Q1/2016.  Given the continuing weak operating environment, AUB focused on optimizing its balance sheet management strategy resulting in an increase in net ......Read More

Dubai, May 03, 2017: The Union of Arab Banks hosted the International Banking Summit “IABS 2017” on 2nd May 2017 at London Hilton, London, UK. The theme of the event is “Finance in an Unpredictable World”. The Senior Staff of various Central Banks across Middle East and Senior Staff of Middle-east Banks were present at the ......Read More

The quest for competitiveness is driving record-breaking levels of activity. Despite a drop in the number of transactions, megadeals drove M&A value to a new high The first half of 2016 was a record semester for mergers and acquisitions (M&A) in the Middle East and North Africa (MENA) since 2013 with $30.5 billion in deals—almost three times the first half of the year (see figure 1). Megadeals drove this exceptional activity with four transactions above $1 billion, stacking up to $24.2 billion. The largest transaction was in financial services. First Gulf Bank and National Bank of Abu Dhabi agreed on a merger worth $14.8 billion—creating the United Arab ......Read More

1st edition of French Tech Award, won by a Dubai based Entrepreneur Middle East unveiling of PSA new vehicle, 3008 Peugeot  Dubai, United Arab Emirates, May 1st 2017 - Under the Patronage of His Highness Sheikh Hasher bin Maktoum bin Juma Al Maktoum, Director General of Dubai Information Department and His Excellency Michel ......Read More

Dubai-UAE: 1 May, 2017 – Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a high-level conference to discuss the implications of value-added tax (VAT) on businesses in the UAE. The tax will kick in on January 1, 2018. The event convened more than 200 senior bankers, management consultants and experts from finance. Attendees included representatives of prominent local and global establishments such as Deloitte, Grant Thornton, Thomson Reuters, Algorithm Research and Stuart & Hamlyn Chartered Accountants. The one-day conference addressed a variety of topics including the economic impact of ......Read More

New intelligence sharing platform will enable banks to seamlessly collect and share data on cyber threats – heralding a new era of collaboration in the cyber space May 01, 2017 Acting on its commitment to combat the threat of cybercrime and create a safe and secure banking environment for customers, the UAE Banks Federation (UBF), a ......Read More

•    New card personalization center will enable region’s banks to offer enhanced and highly responsive customer service •    One-stop solution for EMV card personalization, fulfilment and associated services  •    Abu Dhabi Islamic Bank is first to benefit from Gemalto’s fully integrated and tailored support Dubai, May 1st 2017 – Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, has opened a new banking card personalization center in Dubai, bringing the benefits of highly responsive, locally-based support to the region’s fast developing financial services sector. The new ......Read More

Arab Bank Group announced its results for the first quarter of 2017 reporting a net profit after tax of $218.2 million as compared to $218.3 million.  Net operating income before provisions and taxes reached $290 million driven by growth in the underlying core banking revenue. Excluding the effect of foreign currency devaluations, the Bank’s net operating income would have shown a growth of 7%. Customer deposits stood at $33 billion whilst the loans and advances increased by 3 % to reach $24.4 billion.  Mr. Sabih Masri, Chairman of the Board of Directors stated that the strong performance of Arab Bank Group confirms the success of the Group in dealing with the ......Read More

Abu Dhabi, 30 April 2017 – Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the first quarter of 2017 (“Q1’17”). Financial highlights (31 March 2017)  Strong operating performance and disciplined cost management –    Net profit of AED 1.105 billion was 10% higher quarter on quarter and 8% higher year on year, while the Bank maintained a strong ROAE of 16.1% and ROAA of 1.60% for the first quarter of 2017 –    Operating profit before impairment allowances of AED 1.489 billion was 3% higher quarter on quarter and 8% higher year on year, ......Read More

Agreement allows the bank to offer its corporate clients new smart cash management services which will help them save time and cut handling costs   30 April 2017, Dubai - Standard Chartered Bank has signed a partnership agreement with leading UAE-based business support provider Transguard Group, which will enable the bank to offer its corporate clients a smarter and more convenient cash solution, by integrating ‘smart’ cash deposit machines with Transguard’s cash in transit (CIT) services.  Although efficient connectivity has helped online banking and other online retail platforms grow exponentially in the UAE over the past five years, cash is not ......Read More

43% of MENA respondents still perceive that corrupt practices happen in their country 57% of MENA respondents do not believe that management has emphasized the importance of high ethical standards  Only 21% of respondents are aware their company has a whistleblowing hotline Dubai, 30 April 2017:  Despite sporadic progress in tackling bribery and corruption across Europe, the Middle East, India and Africa (EMEIA), 43% of MENA respondents to the biennial EY EMEIA Fraud Survey still perceive it to be a problem in their country.  The report, ‘Human instinct or machine logic – which do you trust most in the fight against fraud and corruption?’ ......Read More

Dubai, UAE – 27 April 2017:  Once known as a small PR outfit, House of Comms has continued to smash all growth expectations, with 2017 being no exception to the rule.  Now known for its integrated offering across PR, digital, social and creative, with a 40+ strong team across the region, today it has announced the launch of its ......Read More

•    2nd UAE Sharia Departments Forum focuses on Sharia review processes and solutions to meet market challenges •    Discussion centered around innovation and evolution of Shariah compliance and ensuring alignment to the fast moving business dynamics in the country   Dubai, 27 April 2017: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced that it hosted the 2nd UAE Sharia Departments Forum at the Palace Downtown on 22nd April, 2017. The event which was established a year earlier, serves as a platform for Sharia departments of Islamic financial institutions to conceptualize, evolve and drive the development of ......Read More

Initiative supports Year of Giving inaugurated by UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan Dubai, 26 April 2017:  Mashreq Bank, the oldest privately owned bank in the UAE, is celebrating its 50 year anniversary alongside the local community. In association with Goumbook, the leading social enterprise promoting ......Read More

Dubai, April 24, 2017: Continuing its efforts to spread the message of environmental protection and sustainable living, Doha Bank joined hands with Qatar’s Ministry of Municipality and Environment (MME) and the Al Wakra Municipality to host a ‘Beach Clean-up’ event at Al Wakra Beach, under the theme ‘Save The Beaches For ......Read More

Dubai, April 23, 2017:  Doha Bank hosted a knowledge sharing session “enhancing customer value through wealth management” on 19th April 2017 at its Doha Bank Auditorium in Doha Qatar. The Guest of honour at the event was Qatar Exchange CEO, Rashid Bin Ali Al Mansoori. The Speakers at the event include Mr. James' Robertson, ......Read More

UAE, May 22,  2017- The Dubai Airport Freezone Authority (DAFZA) has organized a special forum for Indian businesses under the theme ‘India: A Strategic Partner for Growth in an Evolving Global Economy’ in the presence of H.E. Dr. Mohammed Al Zarooni, Director General of DAFZA, H.E. Vipul, Indian Consul General in Dubai; Bindu Chettur, President, Indian Business Professional Council-Dubai and board members of the IBPC; and several other prominent figures and representatives of government agencies and leading Indian companies. The event was held at the DAFZA Business Center in cooperation with IBPC - Dubai and Morrison Menon. It complements India's exceptional ......Read More

May 18, 2017– Global fitness brand Reebok, recently announced its “Cotton + Corn” sustainable products initiative, which will bring plant-based footwear to the market later this year. Cotton + Corn is an initiative developed by the Reebok Future team to create shoes “made from things that grow.” The first release will be a shoe that has an upper comprised of organic cotton and a base originating from industrial grown corn (a non-food source). “This is really just the first step for us,” said Bill McInnis, Head of Reebok Future. “With Cotton + Corn we’re focused on all three phases of the product lifecycle. First, with product ......Read More

Dubai, UAE, 18 May, 2017- Mohit Malhotra, CEO of Dabur International, has been named among Top 50 Indian Executives in the Arab World 2017, a coveted list unveiled recently by the Forbes Middle East. He ranks 22 in the coveted list of the most dynamic, impressive and influential senior management professionals from the region. Malhotra, who has been with Dabur Group for the last two decades and as the CEO of Dabur International for 9 years, has successfully steered the company as a global leader in personal and healthcare products. Despite the entry of some of the major players, particularly in the skin and hair categories, as well as unrest in many countries, Dabur International ......Read More

May 14, 2017: E-City, a leading operator of a chain of world-class multi-brand electronics retail stores across the UAE and a part of the Albatha Group, has been named ‘Innovative ICT Retailer of the Year’ during this year’s edition of the Choice of Channel (COC) Awards, an initiative organized by one of the region's most recognized industry publications, VAR magazine. Now on its 11th year, the ceremony was held recently at the Shangri-La Hotel in Dubai. The event brought together many C-level executives of UAE vendors, distributors and resellers. E-City was recognized for its successfully implemented re-branding campaign, which sought to showcase innovative ......Read More

May 11, 2017: ARPUPLUS, a mobile value added services (VAS) pioneer in the MENA region and Emerging Markets, is looking to expand its presence in the region with its application-to-person (A2P) services. A subsidiary of A15, an entrepreneurial company with interests in digital products and technology brands, ARPUPLUS specializes in Mobile Content and Entertainment, Connectivity, and Marketing. With over 500 million reachable subscribers, more than 40 telecom operators, nearly 600,000 content items, and about 200 content providers, the company enables the region to stay connected through its technologies. ARPUPLUS continues to position itself as a leader in in-house developed mobile ......Read More

May 09, 2017- Dhofar Global, a leading supplier of hygiene products in the Middle East, has marked its 10th anniversary with a celebration of its decade-long accomplishments and the unveiling of a more ambitious expansion plan to fully cement its market footprint across the region. The company recently hosted an event for their suppliers, clients and employees at the Westin Dubai Mina Seyahi Beach Resort & Marina to show its appreciation and gratitude for their tireless support. After recording a substantial 40 per cent business growth in the UAE in 2016, Dhofar Global kicked off 2017 with a major announcement of its plan to firmly establish its presence in at least one additional ......Read More

May 08, 2017: In line with its mission to develop the capabilities of the youth and human capital of Sharjah, Sharjah Tatweer Forum (STF), a part of the Rubu' Qarn Foundation for Creating Future Leaders and Innovators, successfully conducted a project management workshop as part of the Project Management Congress of the Sharjah Electricity and Water Authority (SEWA), which was held last May 8, 2017 at the Radisson Blue Resort in Sharjah. The congress, which was held in cooperation with the STF and Alleem Business Congress, was attended by project management experts who have extensive knowledge and experience in management training programs. The interactive workshop covered a wide ......Read More

May 08, 2017: Menacorp, the UAE’s largest financial services firm, was recently recognized and awarded Certificates of Appreciation by the UAE Securities and Commodities Authority (SCA) during the 7th Awarding Ceremony of the Brokers Licensing Qualifications Program for year 2016 – 2017. The ceremony, held at the SCA premises in Dubai, gathered several market participants and officials from the Authority, including H.E. Dr. Obaid Saif Al Zaabi, Acting Chief Executive Officer, SCA; H.E. Mohamed Khalifa Al Hadari, Deputy CEO for Organizational & Support Services; and Matthew Cowan – CISI Regional Director–Middle East along with members of the Board of Trustees of ......Read More

UAE, May 8, 2017- To significantly boost the promotion of the competitiveness and attractiveness of the local business and investment sectors, the Department of Economic Development - Ajman recently adopted the ‘Trade Names Booking’ system. The unified and integrated platform for regulating the booking of trade names, economic records and economic licenses is fully integrated with existing trade naming and economic licensing procedures. This initiative is part of Ajman DED’s commitment to ongoing service enhancements in line with e-transformation needs and the goal of building a diversified and competitive economy for Ajman’s sustainable development. The Trade ......Read More

UAE, May 8, 2017– Falconcity of Wonders LLC, the developer of the Falconcity of Wonders (FCW) multipurpose mega project arising in Dubai, was recently honored by the Dubai Police for its outstanding support of local and national efforts to enhance road safety awareness and best practices. Major General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, handed over the Diamond Sponsor Award to Mr. Ahmad Almoosa, Vice Chairman and Deputy General Manager of FCW, in recognition of the developer’s distinguished Diamond Sponsorship of Dubai Police’s White Points Systems during an awards ceremony held recently at Habtoor Grand Beach Resort & Spa, ......Read More

UAE, May 7, 2017- The Dubai Airport Freezone Authority (DAFZA) is the lead freezone partner to Automechanika Dubai 2017 which kicked off today (Sunday May 7, 2017) to be held until May 9, 2017, the leading international trade fair for the automotive service industry gathers more than 2000 exhibitors from all over the globe. The partnership between DAFZA and Automechanika underscores the role of the freezone in supporting foreign investments and encouraging investors to make Dubai the regional base for their Middle East operations. DAFZA’s participation at Automechanika Dubai 2017 focuses on highlighting opportunities for supporting investors in the after-market trade, in light of ......Read More

May 07, 2017: Globe Express Services has once again been honoured at the Maersk Line Platinum Awards, the annual awards that honours Maersk’s outstanding logistics solution providers and top customers. This is the sixth consecutive win for the global supply chain solutions company. John C. George, Branch Manager – Jebel Ali, Globe Express Services, received the award at the gala awards night held recently at the Dubai Marina Yacht Club and attended by senior officials from leading freight forwarding and logistics companies.   Mustapha Kawam, President and CEO, Globe Express Services, said: “Globe Express Services remains committed to deliver innovative and ......Read More

May 06, 2017 - Darlie Global FZC, owner and manufacturer of natural wellness products, has opened a manufacturing plant in the UAE as part of its initiative to pioneer a range of products catering to a growing number of consumers looking for healthier and more natural alternatives in personal care. The facility will locally produce global personal and oral care brands – Dr. Neem and Mr. Darlie. Dr. Neem is a global pioneering brand of personal hygiene products made of natural ingredients and free of harmful chemicals, while Mr. Darlie is a global brand known for its innovative range of sustainable oral healthcare solutions. Both Dr. Neem and Mr. Darlie products will be manufactured ......Read More

May 04, 2017– SABIC is collaborating with DuPont Sustainable Solutions (DSS) to accelerate progress towards becoming a world leader in environment, health and safety (EHS) performance.   “SABIC’s EHS achievements in recent years have been impressive,” said Ahmed Al-Shaikh, Executive Vice President, Corporate Manufacturing, SABIC. “And yet, there is a strong desire within the leadership team to reach the next level in EHS culture maturity, as outlined in the SABIC 2025 strategy.”   Khaled Saleh Al-Kharboush, Corporate EHSS General Manager and Project Executive, said: “This effort is extremely important. We have chosen to partner with ......Read More

UAE, May 2, 2017- The Department of Economic Development - Ajman (DED - Ajman) has posted a significant growth in the number of business licenses and permits issued by its Registration and Economic Licensing Department for new economic facilities. This was revealed in the ‘Business License Indicator Q1 of 2017’ report showing a 7% average increase in the number of issued licenses in the first quarter of this year to reach 1,053 compared with 985 issued during the same period in 2016.  Official data reported an increase in the number of newly issued industry-level licenses. At a growth rate of 37%, a total of 531 commercial licenses were issued during the first three ......Read More

UAE, May 02, 2017- The Hamdan Bin Mohammed Smart University (HBMSU) recently welcomed 13 accounting and finance undergraduate learners from Coventry University, UK, who visited the country as part of their educational field trip designed to help them better understand Arab business and culture. Representatives from the Dubai Center for Islamic Banking and Finance and HBMSU School of Business gave lectures on the basic concept and structures of the growing Islamic finance sector. Prof. Nabil Baydoun, Vice Chancellor for University Advancement, HBMSU, said: “Islamic finance is fast gaining momentum globally. The international community now sees it as an important system offering a ......Read More

May 1, 2017- The 17th Middle East Network Operators Group (MENOG) conference recently ended on a high note in Muscat, Oman, with international participants tackling the most pressing issues facing the Internet and communications industry today. This regional forum brought together 210 key players in the region’s Internet network operations (along with 460 remote participants) for two meeting days on 19 & 20 April 2107 in Muscat centered around sharing knowledge and expertise. A range of Industry leaders and key stakeholders attended, including high-level representatives from organisations such as the Oman Telecommunications Regulatory Authority (TRA), Omantel, Ooredoo, Du, ......Read More

GCC Exchange is keen to announce that we have successfully received the Dun & Bradstreet rating; this rating adds an extra star to our credibility.  The quality control measures taken to provide exceptionally well services have been paid off. In fact, it has uplifted our determination to perform even better. “Achieving these ratings was one of our goals. Since our objective is to lead in the sector of remittance and foreign exchange business, these ratings would be adding a feather to our cap. It is surely going to aid in our business growth.” – Worded Mr. Mukesh Himatlal - General Manager, GCC Exchange. What are the benefits of Dun & Bradstreet ......Read More

Ajman, April 27, 2017- In line with its commitment to promote the competitiveness of Ajman's real estate segment, the Department of Land and Real Estate Regulation in Ajman has concluded its successful participation at this year's edition of the Riyadh Real Estate & Urban Development Exhibition 2017 (Restatex Riyadh 2017), the largest annual Real Estate event of its kind in the Kingdom of Saudi Arabia (KSA), which was held recently at the Riyadh International Convention & Exhibition Center.  The pavilion hosted by the Department of Land and Real Estate Regulation in Ajman received a huge turn out from participants and visitors during the event, which was highly ......Read More

April 26, 2017: Gulf International (part of the Albatha Group), a leading FMCG Sales and Distribution company in the Middle East region, has been awarded the 'Best Distributor of the Year 2016’ for the MENAP (Middle East, North Africa and Pakistan) region by Johnson & Johnson Middle East FZ-LLC, the world’s most diversified health care company. The company was also given the 'Best Execution for Beauty Brand' award, for their exemplary management and distribution of JOHNSON’S Vita-Rich, a skin care range within the company’s beauty portfolio. Gulf International outperformed distributors coming from 27 countries that both awards reflect its ......Read More

UAE, April 26, 2017- The international free zone community will converge in Colombia’s iconic Cartagena de Indias Convention Centre this May 3 to 5, 2017 for the World Free Zones Organization’s 3rd annual meeting where stakeholders will collaborate on shaping the free zones of the future.  Headquartered in Dubai, the World Free Zones Organization (World FZO) is a non-profit entity providing a unified voice for over 3,500 free zones around the world, will held its annual assembly outside Dubai for the first time under the theme ‘Designing Next-Generation Free Zones’ which will be inaugurated by Juan Manuel Santos, the President of the Republic of ......Read More

April 25, 2017– DuPont (NYSE: DD), a science company that brings world-class, innovative products, materials, and services to the global marketplace, today announced first-quarter 2017 GAAP1 earnings of $1.52 per share and operating earnings2 of $1.64 per share.  Prior year GAAP1 and operating earnings2 were $1.39 per share and $1.26 per share, respectively.   First-quarter sales were $7.7 billion, up 5 percent versus prior year on a 4-percent benefit from volume and a 1-percent benefit from local price.  Volume grew in almost all segments, led by Performance Materials, Electronics & Communications and Agriculture.  Agriculture sales were positively impacted ......Read More

DUBAI, UAE, April 25, 2017 – Genetec Inc. (“Genetec”), a leading provider of open architecture security and public safety solutions today announced that it is embarking on a six-country roadshow in the Middle East. Genetec will showcase its latest security systems and applications that provide collaborative insight for security professionals in many vertical markets.  Genetec will demonstrate the latest core features in Security Center 5.6 and its open-architecture environment that supports a vast ecosystem of cameras, access control hardware, and IP communications hardware. The ‘Genetec Middle East Roadshow’ will run from April 26 to May 9, 2017, ......Read More

UAE, April 25, 2017- Students and graduates from nineteen different universities in the UAE have confirmed their participation in the Business for Better competition, an initiative supported by The Western Union Company and Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, to support young people with knowledge, experience and resources necessary to launch innovative ideas into start-ups and sustainable businesses. The Western Union Foundation and Al Ansari Exchange contributed a total of AED 365,000 to support the program and the winner’s projects resulting from this unique competition. The applications for participation in this year’s ......Read More

UAE, April 25, 2017- In response to the ‘Operation Carne Fraca’ (‘Operation Weak Flesh’) organized by the Federal Police of Brazil to investigate some of the country’s largest meat processing companies and subsequently leading to a ban on the import of meat and poultry products by some countries, Brazil’s Minister of Agriculture, Livestock and Food Supply, Blairo Maggi, has announced plans to visit the UAE, KSA and China. The Minister will hold talks with his counterparts in these countries to reinforce Brazil’s reputation as a leading meat exporting country. Brazil is a primary exporter of meat and poultry products to the GCC, including the UAE ......Read More

UAE, April 25, 2017- The Dubai Airport Freezone Authority (DAFZA) announced its participation with the UAE pavilion at the latest edition of Hannover Messe, the world's largest manufacturing industry trade fair which kicked off on Monday, April 24, 2017 and will continue until April 28, 2017 in Hannover, Germany. DAFZA is holding bilateral meetings with top automotive and digital companies that are looking to expand their business in the UAE and particularly Dubai this year, to maintain their presence in the UAE and take advantage of Dubai’s position as a business hub. On the sidelines of Hannover Messe 2017, DAFZA’s delegation will participate at the UAE Investment and ......Read More

April 25, 2017: The City of Helsinki is mid-way through an initiative to capture the city and create a new 3D city model that is scheduled to be completed in 2017. Helsinki has a long tradition of 3D city modeling, dating back to the 1980s. Helsinki wanted to update its current 3D city model with new, innovative applications that could provide entire city modeling capabilities in order to improve its internal services, promote smart city development, and share data through an open format for citizens and other agencies. Helsinki also wanted to create a pilot portfolio to showcase the power of reality modeling in coordination with local universities to generate interest in academic ......Read More

April 25, 2017. Dubai, UAE- Qatar Navigation (Milaha) Q.P.S.C. announced its financial results for the three months ended March 31, 2017.   Key financial highlights: •    Operating revenues of QR 648 million for the three months ended March 31, 2017, compared to QR 767 million for the same period in 2016 •    Operating profit of QR 185 million for the three months ended March 31, 2017, compared to QR 256 million for the same period in 2016 •    Net profit of QR 236 million for the three months ended March 31, 2017, compared to QR 352 million for the same period in 2016 •    Earnings per share of QR 2.12 for the three ......Read More

April 24, 2017- Darlie Global FZC, a Dubai-based owner and manufacturer of natural wellness products, has unveiled Dr. Neem and Mr. Darlie, two new personal and oral care brands to the GCC and the Middle East and North Africa (MENA) market during a launch celebration held recently at the Westin Mina Seyahi Beach Resort & Marina, Dubai, UAE. Dr. Neem, a global pioneering brand of natural care products looks to cater to the growing interest of the regional market in healthy and natural plant-based sources for their personal hygiene. Mr. Darlie is a global brand known for its innovative range of sustainable oral healthcare solutions. Sakib M. Rahman, CEO, Darlie Global FZC, said: ......Read More

April 24, 2017- Following the announcement of sponsoring the 2018 FIFA World CupTM, Hisense, the world No 3 TV brand and leading Chinese white goods and electronics manufacturer forecasts greater steps in 2017 with an expected 20 per cent revenue growth. Adding on a remarkable 2016, the company will continue to achieve exceptional results, attributed to the ongoing support of its key retail partners, global and regional marketing initiatives including sponsorship of the 2018 FIFA World CupTM, as well as strong product line-up of 4KULED TV’s, including the M7000, the N8700, and the N9700 series.  Hisense 4KULED TV’s are next-generation models with advanced dimming and ......Read More