• Amlak Q1 2022 net group profit up by 116% compared to the same period last year • Total assets stand at AED 4 billion • Debt settlement arrangements yielded AED 26 million gain and contributed in total debt reduction of AED 65 million (including Mudaraba instrument of AED 14 million).   Dubai, UAE: 12 May 2022: Amlak Finance PJSC today announced its Q1 2022 financial results. Amlak reported a net profit of AED 13 million for Q1 2022 as compared to net profit of AED 6 million for Q1 2021. The company focused on prudently managing its UAE operations and balance sheet.    Amlak’s total income for Q1 2022 decreased by 23% to AED 72 million ......Read More

P&G is committed to achieving gender balance at all levels with 51% women in senior management roles in the UAE and 25% of its leadership team comprising of female nationals in Saudi Arabia.   Dubai, UAE, May 11, 2022 - Procter & Gamble (P&G) today announced new commitments aimed toward advancing Equality & Inclusion ......Read More

• Global survey commissioned by ABB highlights current and future plans of companies to invest in energy efficiency to achieve Net Zero • 90 percent will increase spending over the next five years while 52 percent plan to achieve Net Zero within the same period • Growing impact of energy costs on profitability means that ......Read More

Dubai - May 11, 2022:  Fashinza, a new-age product development and production management platform enabling fashion brands and manufacturers, has joined hands with Stride One and SaraLoan and other fintech lenders to empower apparel manufacturing Small and Medium Enterprises (SMEs) with USD 15 million (AED 55.1 million) supplier-financing ......Read More

• The event was organized by the SCCI in cooperation with European Women’s Association • The event featured several workshops and panel discussions with the goal of empowering and supporting women entrepreneurship   Sharjah, 11th May 2022: The Sharjah-Europe Businesswomen Forum concluded at the Sharjah Chamber of ......Read More

A Green Corner pilot at Carrefour Al Saqr will help guide customers towards the most efficient and sustainable household products Initiative supports Abu Dhabi’s Demand Side Management (DSM) and Energy Rationalization Strategy 2030 to reduce electricity and water consumption in the Emirate   Abu Dhabi, UAE– 10 May, 2022: ......Read More

An all-in-one platform that enables marketers to orchestrate day-to-day tasks and improve campaign management, reporting, and deliver improved personalized customer experience   Dubai - UAE 10 May, 2022: Zoho Corp, a leading global technology company, today announced Zoho Marketing Plus, a new unified software that combines a powerful mix ......Read More

Simon Karacinski has versatile experience in the technology spectrum to lead the company's regional expansion and growth. Dubai, May 10, 2022 — Lumenore, a cloud-based Business Intelligence (BI) and advanced analytics solutions provider, announced that it had appointed a new EMEA Sales Director to lead the expansion and growth of ......Read More

Dubai, U.A.E. - 6 May 2022 – Dubai Aerospace Enterprise (DAE) Ltd today reported its financial results for the three months ended March 31, 2022. T   1. 2021 results are adjusted to exclude one-time bond redemption costs of US$16.1 million incurred during the three months ended March 31, 2021.   Selected Business Highlights: • Net Income before exceptional items increased by 91% to US$46.6 million • Cash flows from operating activities increased by 64% to US$357 million • Liquidity Ratio exceptionally strong at 486% • Net Debt-to-Equity before exceptional items was 2.35x   Exceptional Items: • Net write-off of ......Read More

NEW YORK- MAY 5, 2022:  Ogilvy today announced that Paul O’Donnell, Chairman of Ogilvy EMEA, will be retiring after 37 years with the agency. Throughout his tenure, O’Donnell has held a range of leadership positions spanning clients, geographies, and businesses. “It has been an honour to have worked with thousands of ......Read More

DUBAI, UNITED ARAB EMIRATES:   Arab Bank Group reported net income after tax for the first quarter of 2022 of $166 million as compared to $128.3 million for the prior period, recording an increase of 29.4%. The Group loan portfolio grew by 5% to reach $35.2 billion as of March 31, 2022 compared to $33.5 billion for the same period ......Read More

Highest Quarterly Revenue in Company’s History Reflect Strong Demand for Premium LG Home Appliances and Auto Parts Dubai, April 29, 2022 — LG Electronics Inc. (LG) today announced first-quarter 2022 consolidated sales of KRW 21.11 trillion (USD 17.53 billion) – the highest quarterly revenue in company history. Operating profit of KRW 1.88 trillion (USD 1.56 billion) was positively impacted by royalty income, partially offset by a one-time workforce restructuring cost.   Compared with the first quarter a year ago, revenues grew by 18.5 percent and profitability soared by 6.4 percent, reflecting very strong demand for LG home appliances as consumers around ......Read More

Dubai, UAE - 28 April 2022 – Dubai Aerospace Enterprise (DAE) Ltd today announces the publication of its second annual Environmental, Social, and Governance (“ESG”) Report, for the year ended December 31, 2021. The report includes both DAE Capital and DAE Engineering, marking the first fully consolidated report on DAE’s environmental, social, and governance disclosures. The ESG Report is prepared under the guidance of the Global Reporting Initiative (GRI) Standard. Limited Assurance has been provided by KPMG on certain metrics reported within DAE’s ESG Report. KPMG’s independent assurance statement is available within the ESG Report. The report can be ......Read More

Other highlights include 16% reduction in direct GHG emissions (Scope 1), 7900+ hours in HSE training and engagement with local suppliers at 72%     Dubai, UAE, 28 April 2022: Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market [DFM] has published its 2021 Sustainability Report ......Read More

The Date Room partners with a Red Crescent managed non-profit project in the UAE to celebrate Emirati values of giving and supporting the loyal artisans of Al Ghadeer projects, a group of craft women who create various Emirati crafts from home. Dubai, United Arab Emirates, 28th of April, 2022:  In celebration of the Emirati heritage and on ......Read More

Dubai, UAE; 27th April 2022: Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the quarter ending 31st March 2022.   Key highlights:   • Robust Growth in Operating Income & Net Profit  o Operating Income has increased by 11% over the previous year ......Read More

• The Dubai-based food packaging manufacturer aims to produce 70 million units of sustainable, consumer packaging products annually, since completion of the first plant.    • Facilitated by Malaysian Bioeconomy Development Corporation, this project is dubbed a major result of bilateral trade enhancement programs initiated ......Read More

LG is Only Display Manufacturer to Achieve ‘Leader’ Rating in Marriott Sustainability Assessment Program   Dubai, United Arab Emirates, April 22, 2022 – LG Electronics has received the highest possible rating in the 2021 MindClick Sustainability Assessment Program (MSAP) for Marriott International. As a supplier ......Read More

JLL releases its Q1 2022 UAE Market Overview Year Report Dubai, UAE – 20 April 2022: Supported by the Expo event and returning international visitors, the UAE’s hotel market performed strongly in the first quarter of this year, according to JLL’s Q1 2022 UAE market overview report.  The uplift in overall performance was primarily driven by beachfront and luxury developments, which have been benefitting from strong leisure demand. Also, both upper-upscale and midscale hotels saw higher average daily rates (ADR).  Khawar Khan, Head of Research for the Middle East, Africa & Turkey region at JLL said, “Post-pandemic, operators may look ......Read More

Abu Dhabi, 20 April 2022 – Tala Al Ramahi, Director at the Office of Strategic Affairs and Acting Managing Director for The Reach Campaign emphasized that Reach builds on the UAE’s late Founding Father, His Highness Sheikh Zayed Bin Sultan Al Nahyan’s legacy of giving, highlighting that his vision and personal commitment are ......Read More

NIRANJAN GIDWANI CONSULTANT DIRECTOR | MEMBER UAE SUPERBRANDS COUNCIL | CHARTER MEMBER TIE DUBAI Welcome to the world of a progressively growing “unboxed” or “refurbed” market. This now spans across product categories ranging from electronics to wearables, home appliances, furniture, apparel, and even footwear. This ......Read More

Interview with Dubai Cares Spokesperson: Dr. Tariq Al Gurg, Commissioner General for the Dubai Cares Pavilion at Expo 2020 Dubai and Chief Executive Officer and Vice-Chairman of Dubai Cares Question 1:  Why is Expo an important platform for Dubai Cares?  Answer 1:  The Dubai Cares Pavilion at Expo 2020 Dubai represents much more than a dedicated space for an organization that is participating in this much-awaited global event. It embodies the deep-rooted values of generosity and far-sightedness that are so entrenched in the UAE culture and is a showcase of the tireless efforts of our country’s leadership and people in contributing towards an equitable and ......Read More

• Launched as part of Mission 2030, the initiative debuts in the UAE, to be spread across global and regional offices • Family-oriented programme fetes first winners with team Dubai in the winning seat and Umm Al Quwain as runners up   Dubai, April 18, 2022:  Hotpack Global, the world’s leading manufacturer of ......Read More

April 26, 2022: Ajman Free Zone (AFZ) has signed a Memorandum of Understanding (MoU) with Tadamun, to ensure fast and easy access to Tadamun’s loyalty card benefits and other premium healthcare services, at a discounted price. The MoU is part of AFZ’s ongoing commitment to deliver value-added services to companies operating within its jurisdiction. The MoU was signed by H.E. Eng. Ali AlSuwaidi, AFZ’s Director General, and Ihab Tawfig, General Manager, Tadamun. The collaboration will enable AFZ’s business partners to avail themselves of Tadamun Card, a loyalty card that lets its holders enjoy discounts on select healthcare services, pharmaceutical products, ......Read More