Season of generosity translates to more remittances to friends and family back home  Dubai, June 24, 2017:  Xpress Money, one of the world’s most dependable money transfer brands has recorded a 12% increase in remittances in the first two weeks of Ramadan as compared to the same period last year (first 2 weeks of Ramadan ......Read More

Annualised equivalent dividend yield is 7.1%  Dividends will be paid to shareholders on 12th July 2017  Dubai, United Arab Emirates, 22 June 2017: ENBD REIT (CEIC) Limited (“ENBD REIT” or the “REIT”), the Nasdaq Dubai-listed Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management, has announced its first dividend payment since listing on Nasdaq Dubai in March. The REIT will pay an interim dividend of USD 9,713,207, or USD 0.0382 per share. Shareholders must own shares in ENBD REIT before market close on 2nd July 2017 to be entitled to claim a dividend. The dividend record date will be 5th July ......Read More

For the 4th consecutive year since 2014, Mashreq receives the Great Workplace Award again in 2017 United Arab Emirates, Dubai, 20 June 2017:  Mashreq, one of the leading financial institutions in the UAE, proudly announces that it has won the Gallup Great Workplace Award in 2017, thus winning this award for the 4th consecutive year. This is an exceptional milestone win, as no other bank in the region has achieved this status to date. This win places Mashreq in a pool of 37 global companies who have won this award in 2017, recognising the bank as a world-class employer. Gallup has surveyed millions of employees around the world to determine what sets great workplaces apart ......Read More

Company’s corporate citizenship programme impacted 34,476 community members in 2016 Achievements include creating 406 jobs bringing total employee count to 4,585 across operating businesses Company enables long-term growth through ethical business practices, socioeconomic development, nurturing talent, and environmental stewardship while ensuring profitability  Dubai-UAE: 19 June, 2017 – Crescent Enterprises, the UAE-based diversified conglomerate, has released its 2016-17 Sustainability Report that examines year two of the company’s three-year sustainability roadmap (2015-2017) and outlines a long-term vision for addressing social, governance, and ......Read More

Abu Dhabi, 17 June, 2017:  The General Headquarters of Abu Dhabi Police (ADP) has signed an agreement with ADNOC Distribution, to diversify and enhance the services of light Vehicle Inspection Centres (VICs) provided by ADNOC Distribution in the Emirate of Abu Dhabi. The agreement will strengthen the strategic partnership between both sides ......Read More

  Results from a survey recently conducted by DarkMatter indicate that cyber security awareness within banking and financial services institutions is reaching new heights, with over 70% of respondents to the survey reporting that their organisations possessed a Chief Information Security Officer or equivalent senior management position. However, the objective for banks and financial institutions to embrace cyber security at an organisational level and have it permeate across all areas of the business is still some way off with only approximately half of respondents saying they possessed a Board-level representative with a cyber security focus.  Oversight for cyber security ......Read More

  73% of married couples save regularly, marking a 27% increase over previous results 62% of UAE residents, 43% of UAE nationals in 41-55 age group are committed to retirement saving plans 53% of families with children do not save for emergencies Dubai-UAE: 14 June, 2017 - National Bonds Corporation, the leading sharia-compliant savings and investment company in the UAE, announced the results of its financial health check for H1 2017 (from January until June 2017). The National Bonds financial health check spans four main categories – monthly saving for married couples, retirement saving for people aged 41 to 55 years old, on time payment of credit liabilities, ......Read More

June 13 2017: Dubai, UAE:  Philips Lighting (Euronext Amsterdam ticker: LIGHT) has announced the appointment of Goktug Gur as President for the Middle East and Turkey region, effective June 15, 2017.  Currently Managing Director for Turkey and Middle East (excluding KSA), Goktug Gur will take on the new role, in addition to his ......Read More

Bank Wins Three Awards at Banker Middle East Product Awards 2017, and Best Premium Bank - UAE at Banker Middle East Industry Awards 2017  Dubai-UAE: 12 June, 2017 – Noor Bank, a leading Shari’a-compliant bank in the UAE, today announced that it has notched up several prestigious wins at the Banker Middle East Product Awards 2017 and at the Banker Middle East Industry Awards 2017, organised by CPI Financial’s renowned Banker Middle East magazine.  Noor Bank won Best Corporate Account for its escrow account services, Best Structured Product for its equity-linked autocallable Islamic deposit and Best Home Finance Product for its portfolio of home finance ......Read More

2016 highlights: AED8.9 million invested in the community 13,228 hours of volunteering completed by employees 319 hours dedicated to sustainability training 12 Green Building Certified assets Renewable energy targets announced Labour standard policy implemented with zero on-site construction fatalities Dubai, 08 June 2017:  Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has achieved 56% of its sustainability goals during 2016, hitting the midway point of its five-year sustainability strategy. Amongst its achievements, Majid Al Futtaim committed AED8.9 million in community investments, ......Read More

  Dubai, June 8, 2017:  Western Union, a leader in global payments, launched its ‘30 Days of Better’ campaign to coincide with the holy month of Ramadan. In line with Western Union's vision of  "Moving Money for Better,"  the campaign is focused on fostering the spirit of positivity and kindness among people who make a difference.  Now in its second year, ‘30 Days of Better’ promotes positive commuity engagement by creating conversations around self-reflection, family gatherings, charity, and spiritual enlightenment. Western Union will be encouraging these conversations across its social media platforms with themed ......Read More

Annual financial results 2016 AED 1.800 billion (nearly 450 million EUR) in consolidated sales across 14 countries in the Middle East Consumer Goods and Mobility Solutions divisions display strongest performance Dubai, UAE, June 7, 2017:  Bosch, a leading global supplier of technology and services, ended its 2016 fiscal year with AED 1.800 billion (nearly 450 million EUR) in consolidated sales across 14 countries in the Middle East, a slight increase from the previous year. The number of associates employed at Robert Bosch Middle East in 2016 stood at more than 100 for the 14 countries. “The Middle East continues to be an important region for Bosch, with strong ......Read More

Event hosted in partnership with the UAE Banks Federation addresses the opportunities and challenges facing the banking industry Dubai, UAE, June 7, 2017:  Over 60 senior executives from leading banking and financial institutions in the UAE gathered recently in Abu Dhabi for a forum for the SWIFT UAE User Group. Hosted by SWIFT, the global ......Read More

June 05, 2017 Dubai, UAE: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that its ICS BANKS Treasury System has been recognized as Sustainable Treasury Management Solutions Leader -MENA by CEO Insight.   The CEO Insight provides comprehensive coverage of the strategic management decisions facing the modern business leader. It provides practical assistance to CEOs and decision-makers, offering a treasury of articles highlighting business strategy, expert opinion, analysis, corporate case studies, emerging trends, leadership, growth opportunities and challenges. Where the Global awards acknowledge ......Read More

Dubai, UAE, 5 June 2017:  Continuing its growth across Dubai, Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has announced that its district cooling services will now be available in Al Jaddaf area for all the residential and commercial buildings and projects under construction.  Empower will provide its services to finished and under construction projects in Al Jaddaf area. Being the world's largest district cooling services provider, the company is keen to provide residents of Jaddaf area with the latest district cooling technologies, which will help reduce energy consumption and provide more efficient ......Read More

United Kingdom, 3 June 2017:  RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced that all resolutions put to its 2017 Annual General Meeting held in London today were passed by shareholders on a poll. Of 603,158,681 eligible votes, a total of 354,034,927 were present or represented by proxy at the meeting.   RAK Petroleum plc (the Company) Registered number: 08572925 REGISTERED OFFICE 42 ‐ 50 Hersham Road Walton‐on‐Thames Surrey KT12 1RZ United Kingdom  Voting Results from 2017 Annual General Meeting Held at Den Norske Klub London, United Kingdom  The following sets forth the votes cast for each ......Read More

In a short span of one year May 30, 2017 – Doha, Qatar:  In light of its exceptional growth and outstanding performance throughout the past year, Seib Insurance and Reinsurance Company LLC (Seib) S&P Rating has revised its outlook of Seib to positive from stable and affirmed its BBB counterparty credit and insurer financial ......Read More

Dubai, UAE, May 30, 2017:  GROHE announced the appointment of Ms. Renu Misra, as the President of GROHE Middle East, Africa and East Mediterranean. With this appointment, Renu will represent GROHE Group’s interests in the region - reporting directly to Michael Rauterkeus, CEO of Grohe AG. Renu Misra joined GROHE in 2010 as CFO of ......Read More

Dubai, UAE — June 27, 2017 — Cisco and NetApp (NASDAQ: NTAP) today expanded the portfolio of the industry’s fastest growing integrated infrastructure and certified reference systems  with a new offering that is uniquely designed for emerging business challenges.  The new FlexPod® SF solution offers an ideal infrastructure for the data-intensive scale-out workloads that are critical to digital transformation. It features innovative NetApp® SolidFire® all-flash, scale-out, cloud-connected storage, Cisco Unified Computing System (Cisco UCS®) B-Series servers, and Cisco Nexus® switching. The new solution can support enterprise and emerging ......Read More

June 22, 2017: H.H. Sheikh Saif bin Zayed, bin Sultan Al Nahyan, Deputy Prime Minister and Minister of Interior, has awarded H.E. Salem Almoosa, Chairman and General Manager of Salem Ahmad Almoosa Enterprises (SAAE) with the ‘Community Service’ medal in recognition of his contribution in creating a positive impact in the community. The award was given following his recent hosting of a Majlis session in partnership with the Ministry of Interior. The Majlis session discussed tolerance and the importance of strengthening cultural interaction among various culture as part of a series of Ramadan sessions under the theme ‘Generations Resume Civilization’. H.E. Almoosa ......Read More

UAE, June 22, 2017 - Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Energy Applications Platform (EAP ™), recently organised a roundtable titled ‘Pioneering Future Energy in Kazakhstan’ during its participation at the World Scientific and Engineering Congress (WSEC) held recently under the theme ‘Energy of the Future: Innovative Scenarios and Methods of Their Implementation’ at Astana City. The roundtable was held on the second day of WSEC-2017 in collaboration with the National Engineering Academy of the Republic of Kazakhstan to throw the spotlight on NES’ role as a pioneer in the ......Read More

UAE, June 21, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has committed AED 10 million to Dubai Cares in line with the recently announced UAE’s ‘Year of Giving 2017’. Rashed Ali Al Ansari, General Manager, Al Ansari Exchange, said: “It is a momentous occasion to witness the growth of Dubai Cares as one of the world’s leading philanthropic organizations, working towards providing equal opportunities for girls and boys to access quality education. Since Dubai Cares’ inception, Al Ansari Exchange has been one of its key partners supporting the organization in its effort to reach out to as many children ......Read More

UAE, June 18, 2017- The Department of Economic Development – Ajman (DED) has taken a major stride in its effort to attract investors and build a business-friendly environment via its online ‘Trade Name Reservation’ portal. The innovative e-service has so far received applications to reserve more than 450 trade names since its launching in the beginning of the second quarter of this year. The state-of-the-art platform serves as a new and modern channel created to support the UAE’s move to adopt a knowledge-driven economy and strengthen Ajman’s business and investment infrastructures.   Saud Al Shammari, Director of DED- Ajman’s Registration ......Read More

UAE, 18 June, 2017: The Dubai Airport Freezone Authority (DAFZA) participated at the 19th International Logistics and Material Handling Exhibition (SIL) in Barcelona, Spain. Íñigo de la Serna, Spain’s Minister of Public Works and Transport; Josep Rull, the Catalan Minister of Territory and Sustainability; Jordi Cornet, President of Barcelona Free Zone; and H.E. Salem Rashid Al Owais, UAE Consul General in Barcelona, inaugurated DAFZA’s pavilion during the exhibition. DAFZA’s participation in the event aimed to help increase foreign direct investment (FDI) opportunities between the Freezone and investors from Spain and the other participating countries. During ......Read More

UAE, June 18, 2017 – Drake & Scull International PJSC (“DSI” or the “Company”), a regional engineering and services leader, announced today that Tabarak Investment LLC acquired the majority shares of Former Chief Executive Officer, Khaldoun Tabari.  The transaction reaffirms the commitment of Tabarak Investment LLC to the DSI brand and the promising outlook of the Company upon completion of the capital restructuring program which was approved by the shareholders at the Annual General Assembly Meeting held on 4th of May 2017.  The company continues to review and optimize its organizational structure by merging and integrating core functions ......Read More

UAE, June 14, 2017 - Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Patagonia Energy Applications Platform (EAPTM), recently announced the appointment of two executives Thomas Giese as its Chief Operating Officer (COO) and Will Mathieson as its Chief Financial Officer (CFO).  As COO, Thomas Giese will be responsible for the appropriate intersections of key business functions: finance, operations, product, sales, delivery, and quality. Mr. Giese will directly lead the overall company operational teams of procurement, planning, quality, and human resources. Thomas brings over a decade of executive experience from ......Read More

UAE, June 14, 2017 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced the launch of its much-awaited annual Al Ansari Exchange Rewards – Summer Promotion. Known for awarding the biggest prize money in the industry, the seasonal promo’s 2017 edition will be held from June 15 to August 14, 2017. The winner of the AED 1 million Grand Prize will be announced at a gala ceremony in Dubai.  The Al Ansari Exchange Rewards – Summer Promotion 2017 will also award AED 10,000 to eight winners each. In addition, Al Ansari Exchange’s customers will also have a chance to win a brand new 2017-model Nissan Patrol during ......Read More

UAE, June 12, 2017- In line with its leading role and key commitment towards combatting commercial fraud, the Department of Economic Develop - Ajman's (DED-Ajman) Directorate for Control and Consumer Protection conducted an inspection of 233 commercial outlets in the emirate, which resulted in the issuance of 57 violations committed during the first half of the Holy Month of Ramadan. The inspections were part of the intensive campaigns being implemented to help secure the local consumer markets, especially in the time of Ramada. The move also aims at monitoring and following up on the promotions and advertising activities made by these local business establishments. Ajman-DED revealed ......Read More

UAE, June 12, 2017- The Arab-Brazilian Chamber of Commerce (ABCC) has welcomed the Kuwaiti Government’s announcement to import livestock from Brazil, saying that this new landmark development will lead to stronger and more vibrant trade ties between the two nations.  The decision authorizing the Brazilian livestock exports was finalized during the meeting held in Kuwait City between Brazil’s Minister of Agriculture H.E. Blairo Maggi and Kuwaiti officials H.E. Mohammad Al-Jabri, Minister of State for Municipal Affairs and Chairman of the Public Authority for Agriculture Affairs and Fish Resources, and H.E. Khaled Nasser Abdullah Al Roudan, Minister of Commerce and ......Read More

UAE, June 11, 2017 - Leading systems integrator Emircom has announced that IT and networking giant Cisco has certified it as a Cisco Master Security Specialization Partner for the Gulf markets. Emircom now forms part of an elite international group of organizations with in-depth technology skills for offering and deploying advanced Cisco security solutions.  As a Master Security Specialization Partner, Emircom guarantees efficient delivery of sophisticated and value-added Cisco solutions through its comprehensive sales capabilities, technology expertise and service portfolio. Emircom will now have greater opportunities to differentiate itself from competitors, better align itself ......Read More

June 5, 2017: Nasser Bin Abdullatif Alserkal Est., the sole importer and distributor of Bridgestone brand tires for Dubai and the Northern Emirates within the UAE, in partnership with Dubai Municipality, has successfully broken ground for the construction of a modern AED 10 million Alserkal Bridgestone Truck Tyre Centre. The new facility, which spans across 52,000 square feet, is part of Alserkal’s strategic retail expansion plan and will be built within the truck and heavy equipment market in the Al Ruwwaya area of Dubai. The ground-breaking ceremony was led by officials from both Nasser Bin Abdullatif Alserkal Est., Dubai Municipality and Bridgestone Middle East & Africa, ......Read More

June 1, 2017 – Saudi Arabia’s Saline Water Conversion Corporation (SWCC) is collaborating with DuPont Sustainable Solutions (DSS), the operations consulting business of DuPont, to improve operational performance and safety in the country’s desalination facilities. SWCC is responsible for about 70 percent of the total production of desalinated water in Saudi Arabia. The collaboration will enhance the operational excellence and risk management processes at SWCC to ensure a sustainable water supply for the people of Saudi Arabia.  “Every activity taking place at SWCC now is to prepare for the privatization of the company. We want to create an environment that ......Read More

June 1, 2017 To celebrate the Holy Month of Ramadan, MyUS, the number one ranked U.S. shipping company for international shoppers, launched its ‘Share Your Iftar Moments’ Photo Contest. The contest encourages people to share their Iftar pictures by uploading them to MyUS’ Facebook contest page. The picture with the most likes by the end of Ramadan will receive an online U.S. shopping spree in the form of a USD1000 Amazon gift card, plus up to USD500 worth of free shipping from the United States to anywhere in the world. MyUS encourages competition entrants to be creative when uploading pictures of their favourite food, their Iftar dining tables and spreads, ......Read More

UAE, 30 May, 2017- With the aim to support the comprehensive and sustainable development process, the Department of Economic Development – Ajman’s (DED – Ajman) Directorate of Control and Consumer Protection has collaborated with the Municipality and Planning Department – Ajman (MPD – Ajman) to set up a joint team to organize health and environmental activities in line with the highest international standards and best practices. The strategic move was taken during the recent coordination meeting to define the functions of the new team, which will be responsible for identifying general and specific requirements related to health and environmental activities, as ......Read More