Dubai, United Arab Emirates, 15 December 2019:    Ciena® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2019.   • Q4 Revenue : $968.0 million, increasing 7.6% year over year • Q4 Net Income per Share: $0.51 GAAP; $0.58 adjusted (non-GAAP) • Share Repurchases: Repurchased approximately 1.0 million shares of common stock for an aggregate price of $38.2 million during the quarter   "Our outstanding Q4 financial performance rounded out an extraordinary year of industry-leading growth and ......Read More

UAE, 15 December 2019:   Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has revealed that Emirati Fatima Abdullah Al Mazroui has won AED 100,000 one of two grand prizes of Al Ansari Exchange's Mobile App promotional campaign. Fatima, who is the first Emirati woman to bag a major prize ......Read More

• New Index ranks Singapore, Amsterdam, London, Shanghai, and New York as the top five cities • Dubai and Riyadh feature in the top-ranking cities representing the Middle East region • Global cities in Europe, North America, Asia Pacific, Latin America, and Middle East and Africa ranked on mobility ecosystem development     Dubai, December 15, 2019:   Singapore tops Oliver Wyman Forum’s inaugural Urban Mobility Readiness Index: How Cities Rank on Mobility Ecosystem Development. The index ranks 30 cities on how prepared they are to incorporate the latest mobility technologies and what they are doing to reshape urban mobility. The ......Read More

By Ole Hansen, Head of Commodity Strategy at Saxo Bank   Commodities, not least industrial metals, received a boost this week from news that a phase-one trade deal had been reached. The Bloomberg Commodity Index was 2.2% higher on the week with all sectors recording gains. Commodities, not least industrial metals, received a boost this week from news that a phase-one trade deal had been reached. The Bloomberg Commodity Index was 2.2% higher on the week with all sectors recording gains. Once signed by both countries it holds a Chinese promise to buy more U.S. agricultural goods while the U.S. would lower some of the existing tariffs. Apart from metals, softs stood out with ......Read More

The sprawling premises, spanning over 77,000 sq.ft. and developed at an investment of AED 35 million, marks the 50th anniversary of the arrival of the Group’s founder and chairman Mr. M V Kunhumohamed in the UAE.    Dubai, United Arab Emirates, December 14, 2019:    Jaleel Holdings, the UAE-based leading ......Read More

• Signed agreements with key customers and stakeholders in the GCC • Much-awaited laboratory poised to be the first in the region and largest in the world to begin construction     December 12, 2019:    Gulf Electrical Power Laboratories (CESI | GEPL), a state-of-the-art electromechanical testing facility, ......Read More

• Agreement set to further bolster line’s position as leading passenger cruise operator in the Gulf • Deal pledges bilateral environmental commitments between cruise line and the port’s operator • Contract inked onboard MSC Bellissima’s on the occasion of her maiden call ceremony to Mina ......Read More

The partnership brings banking and accounting together in a single platform for businesses in the UAE   Dubai - December 10, 2019:   Zoho, a global privately held company that offers the most comprehensive suite of business software applications announced its partnership with Mashreq, one of the leading financial institutions in ......Read More

New center will support the rapidly growing e-commerce sector in the UAE and help local businesses go global     Dubai, 9 December 2019:  DHL Express, the world’s leading international express service provider, officially opened its Dubai World Central Facility today. The new import and export gateway and service center will see DHL invest USD 5.5 million over five years to support the rapid growth of e-commerce in the UAE and the region.    Strategically located at the Logistics District at Dubai World Central (DWC), the center occupies 4,870 sq m. area and has a capacity to manage 2,400 shipments per hour and up to 57,600 shipments a day. The ......Read More

**Champion Cleaners are here to freshen up your home and wardrobe in time for the seasonal celebrations**     It’s that time of the year where you begin to bring out your much-loved winter wardrobe in time for all of your fun filled festivities. Normally, after long periods of time, the items in your wardrobe can start to ......Read More

New enhancements bring cloud agility and scale to more parts of the enterprise network, while lowering the cost of deploying and operating SD-Branch environments     Dubai, United Arab Emirates, December 08, 2019:  - Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced several enhancements to the company’s enterprise portfolio that bring additional flexibility, scale and cost savings to campus and branch network environments. The same cloud-managed Juniper solution for deploying and managing highly scalable SD-WAN deployments has now been extended to also include SD-LAN operations. In addition, the company has expanded its ......Read More

DP World, UAE Region Showcases Strength in Petrochemical Sector at GPCA 2019   Dubai, United Arab Emirates, 08 December 2019:   Global trade enabler DP World’s flagship Jebel Ali Port handles 65 per cent of the polymer exports from the GCC region and has showcased this industry-leading strength at the 14th Annual GPCA ......Read More

• GROHE convinces the jury with “a consistent brand profile, known globally as a name for first class industry-leading performance” • The Konzerthaus Berlin was the perfect setting for the awards ceremony of the prestigious Red Dot Gala evening  • GROHE’s booth from this year’s ISH also won a ......Read More

The new version of Zoho Creator is also available on-premise    Dubai - Nov 30, 2019:   Zoho, the global provider of cloud-based business software with the most extensive portfolio in the industry, launched the Arabic version of its low-code development platform, Zoho Creator, aimed to help businesses create custom ......Read More

Dubai, United Arab Emirates, November 30, 2019:   Scheduled to take place in Dubai, the China Homelife Exhibition returns to the city on December 17-19 at the Dubai Exhibition and Convention Centre. With over 2500 exhibitors and 100,000 products, they represent genuine and verified manufacturers. As the largest China sourcing event in ......Read More

• During a visit to Dubai Chamber, HE Edgar Chagwa Lungu calls on UAE companies to explore attractive investment and trade opportunities emerging across Zambia  • HE Majid Saif Al Ghurair: There is plenty of scope to expand Dubai’s non-oil trade with Zambia which has increased steadily in recent years to reach $206 million ......Read More

As speed- and thrill seekers flock to Abu Dhabi for the Grand Prix this weekend, visitors will be presented with a rare opportunity to enter the Virgin Hyperloop One passenger pod that promises to move people and cargo at speeds exceeding 1,000km/h. ABU DHABI, UNITED ARAB EMIRATES - NOVEMBER 28, 2019 – Virgin Hyperloop One (VHO), ......Read More

Riyadh, KSA, 28 November 2019:     Focused on placing cybersecurity at the heart of digitization, Cisco Security has unveiled platform enhancements and services to help CISOs simplify their environments, increasing the speed of threat detection and remediation, while protecting users and their data.  The ......Read More

• GROHE has been able to increase its energy efficiency by 24% and reduce greenhouse gas emissions by 40%, far exceeding its sustainability targets  • In July 2019, the global brand converted all of its production plants to run on green electricity  • In the future, GROHE will offset unavoidable CO2 emissions with ......Read More

• 57% of customers rely on digital platforms during the new vehicle purchase journey • 92% of Customers still engage with dealers via physical visits • Sales experience is less smooth for female vehicle buyers • Toyota ranks highest in overall sales satisfaction among mass market brands • Mercedes-Benz ranks highest in overall sales satisfaction among luxury brands   Dubai, UAE: 27 Nov. 2019 — An increasing proportion of customers are taking advantage of digital platforms during the new vehicle purchase journey (57% in 2019 vs. 42% in 2018), according to the J.D. Power 2019 UAE Sales Satisfaction Index (SSI) Study,SM released today. ......Read More

**The Five Star Dry Cleaning Company has launched their new VIP couture service for customers in the region**   Dubai, UAE - November 27, 2019:  Owning a wardrobe of haute couture pieces can quite often be expensive to maintain. Each item is crafted by hand with extra attention to detail and the best quality materials are used in ......Read More

VIAFONE Technologies created Chatbots for Mall of the Emirates, Dubai and 360 Mall in Kuwait  85% of all customer interactions by 2025 will be handled without a human agent Chatbots to provide annual savings for retailers of $439 million globally by 2023   November 26, 2019; Dubai, UAE:   Artificial Intelligence (AI) is growing by leaps and bounds and technologies such as Chatbots have become an integral part of this digital transformation. Data from Juniper Research suggests that Chatbots leveraged for customer service have a strong potential to reduce costs; with deployments realising annual savings for retailers of $439 million globally by 2023, up from ......Read More

Dubai, UAE - November 26, 2019:   SmartCrowd Limited, a Dubai-based company and MENA’s first financially regulated real estate investments platform (REIP) has announced today that the company has fulfilled all regulatory requirements and graduated to a full license from the Dubai Financial Services Authority (DFSA), the independent ......Read More

Dubai, UAE - November 26, 2019:  Filmfare ME sets the benchmark for film content in the Middle East and the December issue of the magazine features the bold and beautiful Sunny Leone for the first time on the cover page of Filmfare Middle East magazine. The cover was unveiled by Sunny herself, along with the franchise owner of the magazine ......Read More

• Contract signed for ePassport Renewal Centres in two locations (Dubai and Abu Dhabi) in the UAE; to be rolled out in phases • This marks the first time The Republic of Philippines Department of Foreign Affairs has outsourced its passport renewal process for its Nationals living abroad • VFS Global operates 87 Passport and ......Read More

A joint initiative of DSC and Watani Al Emarat Foundation, the Award honours individuals and institutions for their humanitarian work in the sports sector   Dubai, UAE - November 25, 2019:   The organising committee of the Sports Imprint Award, a joint initiative of Dubai Sports Council and Watani Al Emarat Foundation, have ......Read More

Dubai, UAE - November 25, 2019:     Alpen Capital (ME) Limited, Dubai-headquartered investment banking advisory firm, announced the publication of its latest report on the GCC Insurance Industry for the year 2019. The report provides a comprehensive overview of the GCC insurance sector and outlines the recent trends, growth drivers and challenges in the sector. It also profiles some of the prominent insurance companies in the region. “The GCC insurance industry which maintained a positive momentum over the years, witnessed a slowdown in GWP’s due to sluggish economic conditions during 2016 and 2018. However, going forward, we anticipate the GCC insurance ......Read More

Dubai, UAE - November 24, 2019:   Dubai Freezone Authority (DAFZA), represented by Director General, His Excellency (H.E.) Dr. Mohammed Al Zarooni, and a number of officials this week welcomed a delegation from the Bank of China, led by Executive Director of the Board Mr. Lin Jingzhen and senior delegates. The meeting took place at DAFZA Square Business Center to discuss future collaboration and business prospects.  During the visit, the Chinese delegation learned about DAFZA’s experience over the last two decades in attracting and increasing foreign direct investment. This has played a vital role in developing sustainable economic growth in Dubai, driving business ......Read More

Dubai, UAE - November 24, 2019:  The Bloomberg Commodity Index traded lower for a third week with macro-economic data continuing to signal further weakness ahead. Losses in energy, led by natural gas and not least industrial metals, courtesy of a nickel drubbing, were only partly off-set by gains in precious and platinum group metals. The agriculture sector was mixed with soybeans and cotton drifting lower while coffee continued higher on improved fundamentals.    Economic data from major economies continue to highlight that the low point in global growth most likely remains in front, not behind us. US Q4 GDP growth as measured by the New York Fed’s Nowcast model ......Read More

Transportation, Legal and Banking Sectors Hit the Hardest by Cyberattacks, According to New Mimecast Report     Dubai, UAE – November 20, 2019:   Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced the availability of its quarterly Threat Intelligence Report: Risk and Resilience Insights. The report provides technical analysis from the Mimecast Threat Center from July -September 2019 on the nature of attack campaigns in addition to observations and analysis of evolving threats. Outlining the trends emerging from these identified attacks and assessing the current behavior of threat actors can help organizations ......Read More

Dubai, 19 November 2019:   Today, Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial Services Authority.   Al Ghurair Investments LLC (AGI) acted as the issuer, advised by Mashreqbank PSC acting as lead arranger, R3 as protocol provider, Clifford Chance as legal counsel and the Dubai Islamic Economy Development Centre as mentor.  There is substantial demand for Sukuk issuances globally with a significant number of them offered out of the Dubai International Financial Centre (DIFC). This pilot issuance demonstrated how Sukuk ......Read More

Dubai, UAE, 18th November 2019:   Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, attended a Gala Dinner organized by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) at Westin Dubai Mina Seyahi Beach ......Read More

November 17, 2019:    S&P Global Ratings said today that Saudi Aramco's forthcoming IPO on the Saudi Stock Exchange (the Tadawul) could enable the sovereign to further strengthen its net asset position. And, if subsequently effectively deployed, the funds raised could be used to support longer-term economic growth in Saudi Arabia (unsolicited; A-/Stable/A-2). Saudi Arabia currently fully owns Saudi Aramco, which is the world's largest company by a significant margin. It plans to sell about 1%-3% of the company through an IPO.   We understand that the bulk of the funds raised will go to the government or the Public Investment Fund, potentially adding to the ......Read More

AFZ is the first free zone in the country to introduce the new system Ajman, United Arab Emirates (November 16, 2019):   Ajman Free Zone has confirmed the effectiveness of the new insurance umbrella launched several months ago in cooperation with Dubai Insurance to protect workers' rights and reduce the burden on investors of the free zone, as well as contribute to the government's efforts to protect the rights of this category. Ajman Free Zone pointed out that the number of beneficiaries of this initiative has reached more than 700 people since its launch last August, which confirms its success and acceptance largely by investors and workers, as it is an ......Read More

The growth of fintech and blockchain technology in UAE, particularly in Dubai, has in the past been viewed by some as a threat to the established banking industry. Traditional banking models are being overtaken by new technologies that can facilitate transactions faster and more cheaply, without the administrative fees banks charge. The ......Read More