• The ‘Idea of the Year’ Category Winner is Dubai Municipality • The Virtual Appreciation Ceremony honored 15 Ideas Arabia winners and  8 UAE Ideas winners                   • Organization leaders and experts shared their best practices towards ......Read More

Dubai, UAE - 04, March 2021:  Emirates Central Cooling Systems Corporation “Empower” has announced that the total number of buildings provided with its district cooling services has increased to 1,252 by the end of 2020, marking 6% growth comparing to 2019. This reinforces the company’s position as the world’s ......Read More

United Arab Emirates -  March 03, 2021:   A new international survey commissioned by Philip Morris International Inc. (PMI) (NYSE: PM) and conducted by independent research firm Povaddo reveals a public appetite for a better approach to reducing the societal harm caused by cigarettes. Seven in ten respondents (71 percent) believe ......Read More

AMAALA and Saudi Federation for Cyber Security, Programming and Drones to work on joint initiatives related to drones, programming, and artificial intelligence   Chief Executive Officer at AMAALA, John Pagano                        Chief Executive Officer of The Saudi ......Read More

• Developed by Dubai Startup Hub in cooperation with Dtec, report is a go-to guide for doing business in Dubai, answering commonly asked questions and offering practical tips.   • Report provides valuable insights to investors and entrepreneurs on how they could play a greater role in a post-Covid-19 recovery and digital transformation of the key sectors of Dubai’s economy.     United Arab Emirates -  February 28, 2021:   Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, in cooperation with Dubai Technology Entrepreneur Campus (Dtec), the largest tech co-working space in the Middle East wholly owned by ......Read More

Key takeaways  •        BofA Global Research Podcasts are an ongoing series of discussions covering growth industries and topical market themes. •        T.J. Thornton is joined by Philip Middleton & Alastair Ryan for a discussion of Central Bank Digital Currencies (CBDCs). •        We discuss differences between CBDC & Crypto, the rise of private sector stablecoins, & impact of CBDC on comm banks.   Central Bank Digital Currencies are not Crypto, but would be a better payment mechanism  While electronic payments today necessitate commercial banks, if Central Bank Digital ......Read More

Dubai, UAE - 28 February 2021: Global Finance, the New York-based international publication, has recently granted Arab Bank the “Best Trade Finance Provider 2021 in the Middle East” award. The recognition comes as an acknowledgment of the bank’s leading position in the region and its exceptional capabilities in providing the ......Read More

Following Saudi Arabia’s G20 Presidency last year, and ahead of COP26, the UN’s Climate Change Conference in Glasgow in November, the British Embassy in Riyadh is asking all of society to make a change #TogetherForOurPlanet Saudi Arabia, Riyadh - 27 February 2021:   As we recover from COVID-19, it is critical that we ......Read More

United Arab Emirates -  February 24, 2021:    The Saxo Bank Group welcomed a record high number of 238,000 new active clients and saw a continued inflow of clients' assets in 2020. This brings the Group’s total to a record of more than 660,000 active clients. The total client base has grown more than 230% since 2018 with a strong acceleration of organic growth in 2020. Total clients' assets ended at DKK 478 billion in 2020 and today exceeds DKK 500 billion.    The Saxo Bank Group reported a net profit of DKK 750 million for 2020 compared to DKK 40 million for 2019. The net profit for the Group when eliminating one-offs, equivalent to the ......Read More

United Arab Emirates -  February 24, 2021:  On behalf of Regional representation of Electronics and Computer Software Export Promotion Council (ESC) Mr Kamal Vachani, Hon. Regional Director of ESC met  Mr B. S. Yediyurappa, Hon’ble Chief Minister of Karnataka.   During the interaction, Mr Kamal Vachani, ......Read More

Mohammad Al Gergawi: The next phase requires an integrated system that unifies the efforts of public, semi-government and private sectors Mohammad Al Gergawi: The new strategic government trends centers at developing an advanced work plan that boosts the UAE’s status United Arab Emirates -  February 24, 2021:    At the opening session of the 2021 ministerial retreat that started on Tuesday, His Excellency Mohammad Al Gergawi, Minister of Cabinet Affairs, announced that a new dynamic governance will lead federal ministries, departments and institutions as part of the national priorities for the country’s next phase.  Al Gergawi stressed that ......Read More

OPEC+'s 9mn b/d of spare capacity stands ready to ramp… In the wake of the 2Q20 oil demand collapse, OPEC+ struck an unprecedented deal to remove nearly 10mn b/d of supply from the market. Now, with Brent trading into the $60-65 range, we expect OPEC+ to counter, adding more than 1.3mn b/d of supply in 2Qe and ramping further into year-end to keep prices and balances in check. Over the medium term, we think OPEC+ coordination will likely continue as the group wields its spare capacity in an effort to manage prices. GCC countries will likely have to carry meaningful spare capacity as demand growth slows and modest non-OPEC+ increases fill the gap.  …while US ......Read More

United Arab Emirates -  February 22, 2021:    One of the region’s most beloved and influential marketing figures, Edmond Moutran ¬— the founder and chairman of Memac Ogilvy — has passed away aged 77. Known affectionately to his friends and colleagues as “Eddie”, he is survived by his wife Liliane, ......Read More

P&G’s declaration came as part of the annual event with high-profile global equality advocates Indra Nooyi and Bonang Matheba   Dubai, UAE, 18 February 2021:  Procter & Gamble (P&G) reiterated its commitment around a number of initiatives that will promote gender equality during the annual #WeSeeEqual Summit ......Read More

The sustainable clothing activation is happening on 19th and 20th February 2021   United Arab Emirates -  February 18, 2021:   Ariel Middle East - one of the world’s most recognisable laundry brands – is bringing back their POD Swap Shop to Ripe Market this weekend on 19th and 20th February 2021. The pop-up shops from Ariel aim to raise awareness about the importance of using quality detergents to keep clothes looking fresh and bright for longer. The intention is to discourage the throwaway nature of fast fashion, and to raise awareness about purchasing habits when it comes to buying and wearing clothes.    The Ariel POD Swap Shop invites ......Read More

- Both winners matched 5 out of 6 numbers winning AED 500,000 each - The Turkish and Bangladeshi expats are both family men and long time UAE residents    18 February 2021, Dubai, UAE: Two lucky winners split the AED 1,000,000 second prize in the 12th live weekly Mahzooz draw. The Dubai-based expats matched five out of six ......Read More

Dubai, 18 February 2021:  Abdul Wahid Al Rostamani Group, the main sponsor of Shabab Al-Ahli Club for the 2020-2021 season, celebrated the club’s victory in the Arabian Gulf Super Cup. Abdul Wahid Al Rostamani Group is proud of its sponsorship of the Shabab Al-Ahli Club for the 2020-2021 season, which recently managed to achieve its first title this season by winning the Super Cup. Abdul Wahid Al Rostamani Group celebrated the team's first victory in the first championships of the season after winning the title of the Arabian Gulf Super Cup. HE Mohammed Ahmed Al Marri, chairman of the Shabab Al-Ahli sports game sector and the Shabab Al-Ahli board of directors, shared ......Read More

United Arab Emirates -  February 18, 2021:    Ajman Bank has announced its financial results for the full year ending 31 December 2020. The Bank reported revenue of AED 614.6 million in 2020 compared to AED 636.0 million in the previous year. The net operating profit in 2020 was reported as AED 53.4 ......Read More

● January 2021 had the highest number of secondary/ready properties transacted in a single month since March 2014. ● Of the sales transactions, 70% were apartments and 30% were villas/townhouses. ● Of the sales transactions, 72% were secondary/ready, and 28% were off-plan. ● In January 2021, the Dubai overall Index reached 1.069, the Dubai apartment Index reached 1.127 and the Dubai villa/townhouse Index reached 0.922.   Dubai, UAE, 17 February 2021:  According to the 11th edition of Mo’asher, Dubai’s official sales price index that was launched by Dubai Land Department (DLD) in cooperation with Property Finder, Dubai’s real ......Read More

Defending Against Critical Threats Report identifies migration to remote working and evolution of ransomware as key contributors towards diverse criminal activity Dubai, United Arab Emirates, 17 February 2021 – Cisco has revealed the findings of its Defending Against Critical Threats Report, noting changes in criminal activity during 2020 ......Read More

Invest in Sharjah’s business webinar explores potential in diverse verticals including agri-tech, aqua-tech, IoT and advanced manufacturing Sharjah, February 16, 2021:  Sharjah FDI Office (Invest in Sharjah), operating under the Sharjah Investment and Development Authority (Shurooq), sought to bolster trade ties and investment ......Read More

- Ceremony, attended by over 100 participants, highlighted the work done by Network member companies in 2020 to promote responsible practices and address Covid-related business challenges.     United Arab Emirates -  February 16, 2021:    Dubai Chamber recently hosted the Sustainability Network Achievements ......Read More

Balance sheet up by 25% YoY to AED 289.6 billion Financing & Sukuk investments  up by 26% YoY to AED 232.0 billion Operating revenue up by 2% YoY to AED 9.5 billion Deposits up by 25% to AED 205.9 billion Liquidity remains healthy with financing to deposit ratio of 96% Net Profit of AED 3.2 billion Noor Bank integration ......Read More

Dubai, United Arab Emirates, 15th February 2021:  Dr. Rehab Al Ameri, Secretary General of International Halal Accreditation Forum (IHAF) — an independent, non-government network of accreditation bodies that aims to harmonise accreditation practises in halal — will be speaking on the second day of the Global Trade Review (GTR) ......Read More

The Abu Dhabi Convention and Exhibition Bureau praised for connecting with clients across China via innovative destination promotional initiatives Abu Dhabi, United Arab Emirates, 15 February 2021: The Abu Dhabi Convention and Exhibition Bureau (ADCEB) has made a successful start to 2021 by winning the ‘Best Marketing Destination’ award at the MICE China Forum and Awards.  Part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), ADCEB is the lead body overseeing and supporting the development and promotion of business events in the capital of the UAE, and the entity accepted the prestigious accolade via a virtual ceremony which was held on ......Read More

Dubai SME: H.E. Abdul Baset Al Janahi – CEO, Mr. Saeed Matar Al Marri – DCEO. Aafaq Islamic Finance: Mr. Rashid Mahboob Al Qubaisi – CEO, Mr. Mohammed Al Dosari – Business Director. Dubai, United Arab Emirates, 15 February - UAE:  Aafaq Islamic Finance, the leading Islamic Finance Company for individuals and companies in the UAE, in partnership with Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector , has announced a unique program called ‘Osool’ for Emirati SMEs to contribute towards the sustainable growth of the national economy. The program aims to support the objective of the UAE ......Read More

M2 RO will provide up to 150 million imperial gallons per day and improve the security of water supply in the Emirate of Abu Dhabi Developers or developer consortiums are invited to submit Expressions of Interest by the specified deadline Abu Dhabi, UAE – 15 February 2021:  EWEC (Emirates Water and Electricity Company), a leading ......Read More

United Arab Emirates -  February 11, 2021:   Mashreq, one of the leading financial institutions in the UAE, has reported its financial results for the year ending 31st December 2020.   • YoY decline in revenue by 14.1% to AED 5.1bn o The decline is mainly driven by the low interest rate regime, the impact of the ......Read More

"The visionary leaders of UAE have once again proved to the world that this wonderful country is in the forefront of scientific development. This success would help the team to get a deeper understanding of Mars.  The journey has been long but the right support and guidance have helped the team to overcome the numerous ......Read More

• Recent Dubai Chamber webinar identified food trade and agribusiness as key avenues where UAE and Zimbabwe can expand economic cooperation.    • Virtual event attended by 535 attendees from 44 countries, including the UAE, Zimbabwe, South Africa and other African markets.   United Arab Emirates -  February 08, 2021:   Dubai is seeing growing interest from Zimbabwean agribusiness companies that are keen to leverage the emirate as a strategic hub for boost trade, industry experts said during a recent webinar.   The virtual forum, organised by Dubai Chamber’s representative office in Mozambique in cooperation with DEAT ......Read More

• Industry-first: On March 16 LIXIL EMENA will launch a digital platform to experience GROHE brand insights and product news first-hand. • Customer-centric program: Informative and inspirational content tailored to the needs of GROHE’s customers, such as installers, wholesalers, architects and designers, as well as ......Read More

• Part of "ADX One" strategy 2021 to further enhance market liquidity • Transaction fees reduced on the exchange to 0.175% from 0.225% • Incentive plan for brokers who generate AED 20 million in trading commission for the exchange      Abu Dhabi, February 6, 2021: The Abu Dhabi Securities Exchange (ADX) announced today that it is reducing overall trading activity fees on all exchange transactions starting Sunday, February 14 as part of its "ADX One" strategy to double the market capitalization of companies listed on the exchange in the next three years.    The new pricing structure will be the second time the ......Read More

• Second consecutive record-breaking quarter, with revenue, pre-tax income, and net income all reporting record highs  • Group revenue up by 22% year-on-year to US$17.2 billion • Quarterly pre-tax income (PTI) of US$591 million up 52% year-on-year • Net income up 53% year-on-year to US$395 million • All ......Read More

United Arab Emirates -  February 04, 2021:   Celebrating women in the United Arab Emirates who make this world a better place to live, Fujairah Social and Cultural Association and KASHKHA, a leading modest fashion brand, have together launched a special awards programme for Emirati women. Ms Ebtesam Ali Salem Alshaaer Alkindi, Ms Maryam Ali Al-Shehhi - Umm Seif and Ms Shaikhah Jumah Rabei Farouz AlMesmari were named as the first three winners of the award.  Mr. Khaled Aldhanhani, Chairman of Fujairah Social and Cultural Association, stated, “Fujairah Social and Cultural Association & KASHKHA Excellence Award is a tribute to exceptional Emirati women who are ......Read More

Estimated reduction of nearly 1,000 tons of CO2 per year for Bayara, which is equivalent of planting over 25,000 trees United Arab Emirates -  February 04, 2021:   Gyma Food Industries - Bayara, a leading manufacturer of nuts, dried fruits and spices across the Middle East and Africa region (MENA), and a renowned brand of pure ......Read More

Dubai, February 28, 2021: Hitachi ABB Power Grids today announced the launch of its Smart Digital Substation offering which brings together the latest in digital substation technology with the unique predictive, prescriptive and prognostic capabilities of Hitachi’s industry-leading Lumada Asset Performance Management (APM) solution. The Smart Digital Substation forms part of a new wave of innovation that began with the recently announced integration of Hitachi ABB Power Grids’ Digital Enterprise software into Hitachi’s Lumada ecosystem. By replacing copper wires with fiber optic cables, the Smart Digital Substation enables companies to reduce their carbon footprint ......Read More

February 18, 2021:  A delegation from the Ajman Free Zone led by H.E. Eng. Ali Abdulla Bin Towaih AlSuwaidi, Director General of AFZ visited Terra – The Sustainability Pavilion at the Expo 2020 Dubai site, in line with AFZ’s commitment and vision of achieving sustainability. The pavilion has been built to operate net zero for energy and water consumption as part of its sustainable building design. The delegation explored the pavilion’s features to learn more about how to create a more sustainable future and the many ways people can practice sustainable living, including solar energy and smart use of water. Ajman Free Zone, which is the first free zone to visit ......Read More

Dubai, UAE, 15 February 2021: The Mohammed bin Rashid Al Maktoum Global Water Award continues its mission of inspiring companies, research centres and institutes, innovators and young people from around the world to present their most innovative solutions that can sustainably provide potable water to the deprived, needy and afflicted people in any parts of the world. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the Award, which is organised by the UAE Water Aid Corporation (Suqia), under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives Foundation. In the previous two cycles, pioneering ......Read More

Webinar to host panel discussions on technology and strategies to boost the economic sector of both regions February 11, 2021- Arab Brazilian Chamber of Commerce (ABCC) is set to host a webinar today (Thursday, February 11, 2021) to explore the economic situation of Brazil and the Arab world in terms of the COVID-19 pandemic and vaccine implementation. The virtual event will present ABCC’s 2021 calendar of activities and feature Ronaldo Lemos, a Brazilian expert in technology and innovation, and Bahrain Economic Development Board’s (EDB) chief economist Jarmo Kotilaine. There will be a series of presentations and panel discussions on technological innovations, as well as ......Read More

Dubai, UAE, 10 February 2021: The UAE Water Aid Foundation (Suqia) held a virtual briefing for members of the press from the Association of Southeast Asian Nations (ASEAN), to promote the third cycle of the Mohammed bin Rashid Al Maktoum Global Water Award. The upcoming cycle will feature the most innovative technologies that can sustainably provide safe drinking water to needy urban and rural communities. It grants prizes worth USD 1 million to research institutions, organisations, individuals, and innovators from around the world with the most creative, sustainable and cost-effective technology solutions to address the growing lack of access to safe potable water. “The virtual ......Read More

More than 4 million kWh of electricity sent to DEWA grid as surplus February 9, 2021 - Mai Dubai, the bottled water company fully owned by the Dubai Electricity and Water Authority (DEWA), has become a net-zero energy consumer following the strong performance of its rooftop solar panel installations which produced more than 30 million kWh of power in 2020, while it consumed only 26 million kWh, according to its latest report. This achievement makes Mai Dubai’s operations which include its entire bottled water production and office to be fully powered by the sun’s energy. The surplus of 4,190,213 kWh of energy were sent back to DEWA’s power grid, which means the ......Read More