• A female-focused career mentorship accelerator programme to empower women in financial services • 14 young women starting their careers within financial services selected for the programme • Mentees are given access to over 20 workshops provided by DIFC FinTech Hive’s network of partners    Dubai, UAE, ......Read More

The two entities intend to facilitate mutually advantageous economic cooperation between businesses in the UAE and Israel     Dubai, United Arab Emirates, 26 of September 2020: Jebel Ali Free Zone (Jafza), DP World’s flagship Free Zone and the leading business and logistics hub in the UAE, has entered into a strategic ......Read More

United Arab Emirates,  September 24, 2020:  IBM today unveiled its annual “5 in 5” predictions about five significant changes driven by innovation in science and technology that will take place in the next five years.   This year’s 5 in 5 focuses on five core areas of research that the company will tackle to enable a more sustainable future, coinciding with the first ever virtual UN General Assembly.  From a global pandemic to global warming, 2020 has illuminated the essential role of science — as well as clear actions based on that science — to combat some of the greatest challenges of our time. The need to rethink how the world ......Read More

Experts from six WPP companies across the United Arab Emirates and the Kingdom of Saudi Arabia share insights in the report.   September 23, 2020:   Kantar announces the inaugural launch of the BrandZ™ Top 30 Most Valuable Emirati and Saudi Brands on 6 October 2020 at a virtual event. The ranking identifies the ......Read More

United Arab Emirates,  September 23, 2020     Key takeaways    •         Investors remain key gold price drivers; epicentre has shifted from futures to physically backed ETFs. •         Retail investors are critical. Given extremely high inflows, there were some dislocations earlier this year. •         EFPs also spiked, but quotes have subsided. Return of the popular short EFP trade.     Investors remain the gold price drivers   The recent gold price rally has been driven by investors, who have steadily increased their ......Read More

United Arab Emirates,  September 23, 2020   Key takeaways    •         The challenge facing OPEC+ is that winter gasoline is too easy to make and distillate inventories are completely dislocated •         A big second Covid-19 wave was always going to rank first as a downside risk to oil, but a warm winter now ranks second •         With some OPEC help, crude should stay range-bound & we still see Brent near $47/bbl in 4Q20. But keep an eye on the weather     OPEC+ wants members to fight shoulder to shoulder…   As it is ......Read More

• Agreement includes exclusive hotel room packages and special offers   • Pact will drive up Africa and Middle East visitor numbers for Expo 2020 Dubai   • Agreement is a windfall for Dubai economy as the emirate successfully reopens   Dubai, UAE, September 22, 2020: AS World Group (DIFC) has signed ......Read More

• A collaboration between Dubai Cares and Expo 2020 Dubai, in close coordination with UAE MoFAIC and global stakeholders, RewirEd is set to reinvent institutions and paradigms of education • To be delivered through three key initiatives, RewirEd Talks, RewirEdX and RewirEd Summit • RewirEd Talks is the first initiative to kick off through a high-level session during UNGA   United Arab Emirates, Dubai; September 22, 2020:  As the world finds itself face to face with a global health crisis that has revealed vulnerabilities in all sectors, most notably education; and with the realization that despite huge advances in all aspects of human society; ......Read More

Robert Hazboun, Managing Director of ICS Financial Systems explains what AI offers and what banks need to consider     Robin Amlôt   Managing Editor, IBS Intelligence     ICS Financial Systems (ICSFS), is a leading provider of modular, core banking systems. Robin Amlôt discusses how banks should come to grips with artificial intelligence (AI) with the company’s   Managing Director, Robert Hazboun.   What are the key factors that need to be considered by a bank looking to implement AI?   With no room of doubt, AI is a game-changer and it will revamp the way we used to do banking, especially in the midst ......Read More

 Global Total Revenue H1 2020 reached US$ 1.836 Billion  Net Profits for Shareholders US$ 72 Million   Dubai, UAE – September 20, 2020: Trina Solar Co., Ltd., a leading global PV and smart energy total solution provider, has announced the publishing of its half-year financial reports for 2020. The company is ......Read More

United Arab Emirates,  September 20, 2020:  As a participant of the Global Aerospace Summit, scheduled to take place on September 28-29 2020 in Abu Dhabi, IFS, the global enterprise applications company, will highlight  its core industry solutions tailored to the unique needs of aviation maintenance, repair overhaul (MRO), fleet management, A&D manufacturing, enterprise asset management (EAM) and enterprise resource planning (ERP).  Scott Camarotti, Senior Vice President, Aerospace and Defense Sales at IFS will also be a part of a critical panel discussion that will highlight the current state of MRO within the sector and how the industry can be more responsive in ......Read More

September 20th 2020, Dubai, UAE:  Heriot-Watt University has announced that His Excellency Dr. Abdullah Belhaif Al Nuaimi, UAE Minister of Climate Change and Environment, will take on the position as Chair of the Board for the University’s visionary research hub, the Centre of Excellence in Smart Construction (CESC). The appointment ......Read More

 IPS represents the largest regional digital real estate event in conjunction with Invest in Dubai Real Estate on 11 – 20 of November 2020     Dubai, 20 September 2020:  Dubai Land Department (DLD) is launching the first digital edition of International Property Show (IPS), the Middle East’s biggest ......Read More

Representatives of various entities interested in the Islamic economy attended the webinar along with international investors      Dubai, United Arab Emirates, September 16, 2020: The Dubai Airport Freezone Authority (DAFZA) hosted a webinar to highlight the growth opportunities in the Islamic economy. The webinar took ......Read More

New future-proof hybrid solution integrates cellular, self-healing broadband mesh technologies and partner sub-GHz technologies to enable a growing number of industrial applications. Hitachi ABB Power Grids’ new wireless strategy future proofs mission-critical operations in industrial and utility environments United Arab ......Read More

The Rotating Top   United Arab Emirates,  September 16, 2020:     Key takeaways    •         Rotating Top: investors "rotating" not "chasing" stocks following epic 51% rally from March lows •         The vaccine's the thing: 41% say C-19 vaccine most likely trigger for higher bond yields, investors say Q1'21 likely timing •         FMS contrarian trades: UK, energy, banks longs (on 10Y >1%); US tech, healthcare, discretionary shorts (on vaccine)       BofA September Global Fund Manager ......Read More

Report identifies space industry as one of the UAE’s most promising sectors and a key pillar of economic growth for the next 50 years.     United Arab Emirates,  September 16, 2020: Space industry could become one of the UAE’s most promising sectors and a key pillar of economic growth over the next 50 years, ......Read More

By: Said Zantout, Head of Solution Area OSS, Core and Cloud at Ericsson Middle East and Africa United Arab Emirates,  September 15, 2020:  eSIM has become a hot topic among device manufacturers and its increasing role in the industry is clear –  as device manufacturers benefit from lower costs and more space on the ......Read More

15 September 2020     Key takeaways   •         The collapse in North American oil supply tightened differentials and WTI-Brent, and supply is unlikely to recover quickly •         As demand normalizes, WTI-Brent, inland-coastal, & Mid-Cush spreads should stay tight, but WCS-WTI and Bakken-WTI face risks •         Stalled or regressing demand, weak OPEC+ compliance, US elections, and the ongoing hurricane season present risk to our views   ________________________________________     The recent oil selloff puts North American ......Read More

Yousuf Mohamed Al-Jaida, Chief Executive Officer, Qatar Financial Centre Authority along with a Number of Ministers and a Group of Senior Regional Business Leaders Pave the Way for the Region’s Future   September 14, 2020:   • A group of senior decision-makers from the Middle East and North Africa, including leaders from government, business and civil society, signed the Principles of Stakeholder Capitalism for the Middle East and North Africa, which are designed to inform an inclusive, sustainable and resilient recovery for the region.  • All signatories are members of the World Economic Forum’s Regional Action Group for the Middle East ......Read More

• Managed and operated by VFS Global, the centres deliver newly issued passports to Portuguese citizens from 16 August 2020 • Centres to operate from Sunday to Thursday from 09:00 AM to 05:00 PM   United Arab Emirates,  September 14, 2020:  Citizens of Portugal living in the United Arab Emirates (UAE) can now ......Read More

The founder and executive chairman of Online Integrated Solutions, is one of three leading African business luminaries to receive the prestigious recognition    Dubai, September 14, 2020:  In a virtual ceremony held on September 11th 2020, Mr. Mahmood Ahmadu – founder of Africa’s leading multi-business IT ......Read More

COVID-19 has transformed consumer behaviour, forcing retailers to digitise businesses to benefit from new retail opportunities, say officials at a RetailME Omnichannel Virtual Roundtable Date: Dubai, UAE; September 13, 2020 News Highlights: 1. Global retail transaction value to grow from US$23.36 trillion in 2020 to US$25.04trillion ......Read More

EMEA Equity Research Daily Highlights BofA Global Research Media Relations   United Arab Emirates,  September 13, 2020:  Refer to important disclosures at the end of these reports (see links below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto are prohibited. If you are interested in interviewing an analyst, your request must be directed to Research ......Read More

SWPC and the consortium composed by Marafiq, Veolia, and Amwal AlKhaleejiah have successfully achieved the financial closing of the US$ 280M ISTP (Independent Sewage Treatment Plant) project for Jeddah. September 13, 2020:   Marafiq (Power and Water Utility Company for Jubail and Yanbu) is the lead developer in Jeddah Airport 2 ISTP ......Read More

United Arab Emirates,  September 13, 2020:  The Bloomberg Commodity Index, which tracks a basket of major commodities spread evenly across energy, metals and agriculture, traded lower for a second week. Risk appetite, as seen through the behavior among U.S. megacap stocks, has received a setback following the flurry of activity during July and August. This development, combined with a dollar that has stopped falling, rising coronavirus cases and concerns about the timing of a vaccine, have all played a part.  The hardest hit during the past week was the energy sector, which amid rising signs of wavering fuel demand, began seeing the price of oil and fuel adjusted lower ......Read More

September 10, 2020:  Ogilvy has become the first agency brand to reach an impressive social media milestone: one million followers on LinkedIn.    LinkedIn has become the social destination for business, employment, and company culture content. Ogilvy’s global social and thought leadership strategy is a natural fit with LinkedIn. The one million follower landmark is the result of the cultivation of a community where big ideas that shape brands are shared, celebrated, and discussed.     Ogilvy’s one million LinkedIn followers come from across the globe and the business spectrum. The top five nations represented in Ogilvy’s LinkedIn ......Read More

MEBAA Chairman Ali Alnaqbi confident in future growth and development of business aviation globally and in MENA    DUBAI, United Arab Emirates – 09 September 2020:   The impact of the COVID-19 pandemic and the rise for the need of  physical distancing will lead to an increase in private flying and growth ......Read More

 Halal investment will have a lasting impact on regional economy   Dubai, United Arab Emirates – September 09, 2020: The Halal economy is estimated to be worth $3.2 trillion by 2024, according to the newly launched second edition of the Halal Guidebook titled ‘Dubai – A Global Gateway for Halal Industry: A ......Read More

08 September 2020 Dubai, UAE:   Eaton and EMAS - Egyptian Manufacturing and Advanced Systems Co., part of El-Sewedy Industries group, are announcing a long-term partnership in Egypt, that aims to increase Eaton’s electrical product portfolio’s presence across the country, of Low Voltage and Medium Voltage Switchgear ......Read More

● In July, real estate sales transactions grew by 3.7% month-on-month and averaged around 600 properties sold in Dubai every seven days.    ● The secondary market in July 2020 had higher volumes of sales transactions than off-plan transactions, a trend recorded since the end of Q2 2020     Dubai, UAE, ......Read More

New alliance combines Monimove’s innovative platform with Protiviti’s technology and risk management expertise   Dubai, September 7, 2020: Protiviti Member Firm for the Middle East Region, a global consulting firm and Monimove, an award winning fintech solution provider, today announced a strategic alliance to empower the ......Read More

United Arab Emirates,  September 07, 2020:  The COVID-19 (C-19) pandemic and collapsing oil prices have had an unprecedented and compounding effect on the GCC Construction industry in the Middle East and globally. As stakeholders grapple with the ‘new normal’ that COVID-19 has presented, they also face an opportunity to rethink the way they used to work and discover new opportunities to change the status quo collectively. Deloitte has just launched the 10th edition of its GCC Powers of Construction 2020, which considers how the Construction industry can come together amidst the new normal to create a future in which everyone thrives. The report provides an overview ......Read More

• Vincenzo Ventricelli, former Health Systems Sales Leader and Head of Marketing, Philips Middle East and Turkey (MET), is appointed as Philips MET CEO • Ventricelli to continue driving the company’s strategic objectives and growth across the region   United Arab Emirates,  September 06, 2020:   Royal ......Read More

United Arab Emirates,  September 06, 2020:   Mine supply down, refined supply up   Copper prices have risen remarkably in recent weeks and they are now up 20% YoY and 9.1% YTD. This was driven by a confluence of factors. The rally was initially triggered by a sharp rebound of demand in China, where changes in consumption have flipped from a contraction of 37% YoY in February to an expansion of 24.2% in May, a swing of 61.2ppt! This helped to prevent an increase of inventories, with market tightness then exacerbated by supply outages. Linked to that, global mine supply has contracted between March and April, which led to shortages in the concentrates market, ......Read More

United Arab Emirates,  September 03, 2020:  Grant proposals are now being accepted for the 2021 Bank of America Art Conservation Project. Nonprofit cultural institutions with artwork requiring much-needed conservation are welcome and encouraged to apply at www.bankofamerica.com/artconservation. All proposals must be submitted before Monday, November 30 to be eligible for funding in 2021.    The Bank of America Art Conservation Project provides grants to nonprofit museums throughout the world to conserve historically or culturally significant works of art that are in danger of deterioration, including objects that have been designated as national treasures. Due to ......Read More

Feed on vol’s fear of rising markets       Key takeaways    •         A sign of how stressed markets are despite pushing new highs, volatility is aggressively rising with equities •         Harvest this fear to play for a potential post-election vol collapse, a continuation of the equity bubble or RV •         Optimised EU volswap dispersion is an attractive way to stay long vol (with currently positive carry) in the face of high VRP     INTERACTIVE ANALYTICS      Vol rising to historically stressed levels ......Read More

United Arab Emirates,  September 03, 2020:  H.E Abdul Aziz Al Ghurair signed the donor contribution agreement with the Islamic Development Bank (IsDB) and UNICEF as the lead donor for the Global Muslim Philanthropy Fund for Children (GMPFC).  This contribution marks the first significant commitment from a philanthropist to the ......Read More

United Arab Emirates,  September 02, 2020:   Sharaf Exchange, one of the leading remittances and financial solutions providers in the UAE and a part of Sharaf Group, opened two new branches in Al Qouz industrial zone further enhancing its branch network across key locations in the UAE.   The newly opened branches are ......Read More

United Arab Emirates,  September 02, 2020:  Woolworths, Australia's national brand, has been supplying it's range of grocery products on an exclusive basis to Al Maya for more than a year now. During this time, Woolworths has supplied Al Maya with around 200 individual SKUs across all grocery categories - including breakfast foods, snack foods, cooking needs, condiments and canned goods. Woolworths will now be supplying its ‘Macro Wholefoods Market’ and ‘Macro Organic’ brands exclusively to Al Maya.  Macro is Australia's largest healthier food brand - providing pure, wholesome food that makes eating healthy, tasty and easy. The Macro ......Read More

Dubai, 2nd September 2020:   Recognizing that the SME sector represents 40% of the total GDP in the UAE, Creative Zone and the Dubai Business Women Council have entered into a partnership agreement with the aim of empowering 100 women entrepreneurs to launch their business successfully.   The ten-week program will train, support ......Read More

DP World, UAE Region’s flagship free zone, will handle licensing, registration and visas for companies in Gold & Diamond Park    Dubai, United Arab Emirates, 2nd of September 2020: The region's most experienced and successful free zone operator, Jebel Ali Free Zone (JAFZA) has agreed to extend its expertise in ......Read More

United Arab Emirates,  September 01, 2020:   The Islamic Development Bank (IsDB) has adopted Refinitiv money market data solutions as well as Money Market Auctions and Foreign Exchange (FX) electronic trading platforms to power its electronic transaction and manage currency exposure across the bank’s operations in 57 ......Read More

United Arab Emirates, August 31, 2020:   H.E Abdul Aziz Al Ghurair signed the donor contribution agreement with the Islamic Development Bank (IsDB) and UNICEF as the lead donor for the Global Muslim Philanthropy Fund for Children (GMPFC).  This contribution marks the first significant commitment from a philanthropist to the Fund. ......Read More

With this implementation, Delma Exchange builds a robust, scalable and manageable IT Infrastructure and IT governance in place Dubai, United Arab Emirates, August 31, 2020:  BIOS Middle East, a leading provider of cloud and managed IT services for enterprises, announced that Delma Exchange, a UAE based global currency exchange, has ......Read More

• The Authority of Social Contribution – Ma’an has announced it has extended the application deadline for the third cycle of its Social Incubator to September 12 and reminds social entrepreneurs in the UAE and across the MENA region to register • The third cohort aims to help solve the pressing social challenge of family ......Read More

UAE based ACME celebrates 45 years of supporting the logistics and supply chain industry in the Middle East Dubai, UAE: August 30, 2020: The region’s largest full spectrum factory and warehouse automation solution provider, ACME Intralog, reports increase in demand for their solutions as the ‘new normal’ signifies radical ......Read More

By Ole Hansen, Head of Commodity Strategy, Saxo Bank August turned out to be the strongest month for the broadly-exposed Bloomberg Commodity Index, since April 2016. Four consecutive months of gains have seen the index claw back most of the pandemic-driven collapse back in February and March. An unprecedented amount of central bank stimulus, rock-bottom U.S. and global interest rates, recent dollar weakness, weather worries and demand for inflation hedges are all seen as key reasons behind the current rally.  All the major sectors traded higher on the month, with natural gas, silver, corn and RBOB gasoline leading from the front. Gold, which finished July near a record high, is ......Read More

EMIRATES CLASSIC HAS STARTED ITS OPERATIONS FOR PUBLIC IN AL TWAR CENTER, AL QUSAIS FOLLOWING THE CONCEPT OF NAVIGATING COV-EXIT. THE CONCEPT OF COV-EXIT IS LAUNCHED BY HIS HIGHNESS SHEIKH MUHAMMAD BIN RASHID AL MAKTOUM, VICE PRESIDENT OF UAE AND THE RULER OF DUBAI TO RE-SHAPE THE ECONOMY AND STABILISE THE DAMAGE CAUSED BY THE PANDEMIC. United ......Read More

Ras Al Khaimah, 27 August 2020:  Ras Al Khaimah Economic Zone (RAKEZ) has upgraded the features of its BusinessWomen Package, the ‘first-of-its-kind’ women-focused product in the UAE, which was introduced on Emirati Women’s Day last year to empower more women to achieve their entrepreneurial dreams. Among the next level benefits added by the economic zone to both 1-Year and 3-Year BusinessWomen Packages are: two free additional activities and 25% reduction on employee and dependent visas, along with a range of value added services designed specifically for women in business.  “Over the course of a year, and since the initial launch of the RAKEZ ......Read More

RESHAPING THE FUTURE OF DIGITAL LEARNING Dubai, 27 August 2020: It is proudly announced that a memorandum of understanding has been signed between Minhaj Advisory and TAIF Digital Institute for strategic collaboration in various aspects of digital learning solutions for Islamic finance. The MOU was signed by General Manager of Minhaj Advisory Dr. Amin Fateh and Chief Executive Officer of TAIF Digital Institute Mr. Muhammad Ziaullah Siddiqui, in UAE. The MOU will facilitate collaboration between the two institutions to promote and develop outstanding digital learning solutions to facilitate dissemination of knowledge of Islamic finance digitally, undertaking research and ......Read More

United Arab Emirates, August 27, 2020:   CISA, Treasury, FBI, and USCYBERCOM identified malware and indicators of compromise (IOCs) used by the North Korean government in an ATM cash-out scheme—referred to by the U.S. Government as “FASTCash 2.0: North Korea's BeagleBoyz Robbing Banks. According to the alert, North Korea’s widespread international bank robbery scheme that exploits critical banking systems may erode confidence in those systems and presents risks to financial institutions across the world.    BeagleBoyz have attempted to steal nearly $2 billion since at least 2015, according to public estimates. Equally concerning, these malicious ......Read More

• Portfolio occupancy lower at 76%, robust in light of Covid-19 pandemic • Annualised dividend of 11.2% of share price paid in July 2020 • Stable cash flows and a healthy cash position following FY dividend payment  • The REIT has taken advantage of lower interest rate environment to reduce cost of debt     Dubai, United Arab Emirates, 27th August 2020:  ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its Net Asset Value  (“NAV”) for the first quarter ended 30th June 2020. ENBD REIT’s NAV ......Read More

2 September 2020 - Mai Dubai, the bottled water company fully owned by the Dubai Electricity and Water Authority (DEWA), announced that it has partnered with five of the leading teams of the T20 League. The 13th edition of the world’s most coveted T20 League is set to kick off on September 19 in the UAE. Mai Dubai will be taking care of the hydration requirements of the defending champions Mumbai Indians, a team led by the supremely gifted Rohit Sharma; the Chennai Super kings - the runners up from last season and three-time champions, who will have the legendary MS Dhoni calling the shots; the Sunrisers Hyderabad who lifted the trophy in 2016, marshaled by the swashbuckling David ......Read More