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Burgan Bank offers Free Eideya Delivery Service to Premier Banking Customers

Kuwait, 4 August 2018: Burgan Bank announced today the free Eideya Delivery service to Premier Banking Customers in collaboration with “Qiblah” company for concierge services. This service enables Premier Banking customers to receive new bank notes before the Eid holidays at their offices or homes, avoiding the hassle of waiting in the branches at that time of the year.  To request this service, Premier customers can simply contact Qiblah concierge services starting 9 am until 6 pm, by calling 22317755 or emailing Burganpremier@qiblah.com.kw to request the amount of Eid money required and state their address in order for the concierge messenger to deliver it accordingly noting that this service is available from 5th till 15th of August 2018 (Except Friday). It is worth mentioning that the Eideya delivery ......read more

Burgan Bank Contributes to the Integration of Children with Autism into Society through Support of Autism Partnership - Kuwait

Kuwait - 01 August 2018:   Burgan Bank, one of the leading contributors to social inclusion in Kuwait, reiterates its commitment to supporting Autism Partnership Kuwait (APK) for the Rehabilitation and treatment of Children with Autism Spectrum Disorder (ASD) through financial aid as it will reduce the heavy mental and financial burden of the parents and families. Burgan bank also strives through this Support to provide the necessary services and care based on worldwide proven therapeutic methodologies, in order to encourage those Children to achieve the highest degree of development, which enables them to complete the integration with their peers in the community. Driven to deliver meaningful contributions that will produce a lasting impact in the society, Burgan Bank seeks to generate wider awareness of Autism and the ......read more

Kuwait National Exchange Rebrands as Unimoni

Strengthens commitment to drive the financial empowerment of its customers in Kuwait in line with its future vision. Kuwait, 04 July 2018:   Kuwait National Exchange WLL, a leading money transfer and foreign currency exchange provider and a member of the UAE Exchange Group, announced its rebranding as “Unimoni”. This makes Kuwait the second country in the Group’s global network to adopt the Unimoni brand. Unimoni, short for “Universal Money”, will drive the agenda of providing a broad spectrum of innovative financial services across geographies, currencies and channels, enabling customers to achieve their financial ambitions.  Vivek P Nair, General Manager, Unimoni Kuwait, said, “We are excited to launch the Unimoni brand in Kuwait, in line with our group’s global vision ......read more

Global payment solutions leader EastNets partners with Kuwait's Boubyan bank to launch SWIFT gpi for faster cross-border payments

Dubai, UAE, June 6, 2018:  Leading provider of compliance, payment and cloud solutions, EastNets has announced its partnership with Kuwait’s Boubyan Bank to roll out SWIFT’s global payments innovation (gpi) service for its customers across the country. With the introduction of SWIFT gpi, Boubyan Bank will offer its customers high-speed cross-border payments with end to end tracking, transparency on bank fees and FX rates (Foreign Exchange), ultimately allowing the bank to credit payments to end beneficiaries within minutes, even seconds.  EastNets will assist Boubyan Bank in implementing SWIFT gpi without having to re-engineer the bank’s existing payment systems, thereby lowering the cost of ownership, decreasing time to market, reducing risks and providing greater payment efficiency. The roll-out of ......read more

KAMCO sponsors the 3rd Kuwait Debt Capital Markets Conference

Organized by Gulf Bond and Sukuk Association  Market participants are optimistic about the potential of the KD market  More than 100 senior executives, government officials, international and regional investors, and market participants attended the key conference   DUBAI, March 12, 2018 –   The Gulf Bond and Sukuk Association (GBSA), in partnership with KAMCO Investment Company and Dentons, held its third Kuwait Debt Capital Markets Conference at The Chairman’s Club in Kuwait. The invitation-only event gathered over 100 local and international market leaders as well as senior government officials.    Faisal Sarkhou, Chief Executive Officer, KAMCO Investment Company delivered the keynote address in which he stated, “As one of the leading debt capital market book ......read more

CBRE Group, Inc. Named a World's Most Admired Company by Fortune Magazine for Sixth Consecutive Year

Dubai, UAE, January 23, 2018:  CBRE Group, Inc. (NYSE:CBG) today announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the sixth consecutive year.  Fortune rates companies on nine attributes related to corporate performance. In 2018, CBRE was ranked second overall in the real estate sector (behind only Host Hotels & Resorts) and was among the top three companies on all nine attributes, including global competitiveness, people management, financial strength and long-term investment.  “Our continued recognition as a Fortune Most Admired Company reflects our people’s deep commitment to excellence and producing great outcomes for our clients every day.  We are very proud of their accomplishments,” said Bob Sulentic, president ......read more

Credit FAQ Discusses Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns

LONDON (S&P Global Ratings) Aug. 9, 2017:  In a Credit FAQ titled "Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns," published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council (GCC) sovereigns. S&P Global Ratings believes that the impact of a group of states cutting diplomatic ties, as well as trade and transport links, with Qatar on June 5, 2017, may not be confined to within Qatar's borders. We expect that political tensions within the GCC will persist over the next few years, and believe that the boycott of Qatar has illustrated deeper fissures within the group than were previously evident. For the most ......read more

Trump, Opec the Key Drivers for Commodities

Bond yields, US stocks tumbled on post-Comey Trump crisis HG copper recovers as Chinese tightening prospects recede Soybeans, sugar and coffee all hit by Brazilian real's tumble Coffee plantation, Brazil: The political crisis in Brazil has impacted soybeans, sugar and coffee prices. By Ole Hansen The uncertainty related to the political future of US president Trump and his ability to pass his growth-friendly agenda continues to impact global markets. The latest storm engulfing his presidency was triggered by the sacking of FBI head Comey and the subsequent appointment of a special council to investigate potential links between Trump's presidential campaign aides and Russia.  Bond yields dropped while US stocks tumbled the most since September before recovering on stronger US economic data. Adding to this ......read more

Amazon to Acquire SOUQ.com

Dubai, UAE, March 29, 2017:  Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable SOUQ.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide. “Amazon’s entry into the region reflects the visionary foresight of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, who launched Dubai Internet City in 1999 and adopted the e-commerce and online business legislation of 2002," said His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. "Furthermore, it reiterates Dubai’s position as a regional and global hub for the world’s biggest and leading ......read more

MEIRA signs MOU with Boursa Kuwait in efforts to strengthen Middle East IR practice

Dubai, United Arab Emirates - March 28, 2017:  The Middle East Investor Relations Association (MEIRA) signed a Memorandum of Understanding (MOU) with Boursa Kuwait in efforts to raise awareness of the Investor Relations (IR) function across the region through collaboration initiatives at local levels. Alex MacDonald-Vitale, MEIRA Chairman, joined Mr. Khaled AlKhaled, Boursa Kuwait Vice Chairman and CEO, on the panel table at Boursa Kuwait headquarters on Thursday 23 March to mark the start of this agreement.  MEIRA is a not-for-profit organisation that aims to promote IR best practice throughout the Middle East. Through this partnership, Boursa Kuwait will be playing a leading role in the support of the ‘MEIRA Kuwait Chapter’ and linking the organization to relevant stakeholders, while rolling out its various ......read more

ASAR – Al Ruwayeh & Partners acts as Kuwait legal counsel for the State of Kuwait's GMTN Programme and inaugural dual-tranche US$8 billion issuance

Kuwait – 20 March, 2016: ASAR - Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier law firms, is pleased to have acted as Kuwait law counsel to the State of Kuwait, acting through the Ministry of Finance and represented by the Kuwait Investment Authority, on the establishment of its Global Medium Term Note (GMTN) Programme and Kuwait's inaugural dual-tranche, US dollar-denominated international debt capital markets issuance thereunder.  The Notes were issued on 20 March 2017 and were comprised of US$3.5bn 2.75 per cent. Notes due 2022 and US$4.5bn 3.50 per cent. Notes due 2027. The Notes were offered and sold in reliance on Rule 144A and Regulation S and were admitted to trading on the Irish Stock Exchange and the London Stock Exchange. ......read more

The Kuwait Financial Forum will be held on 4-5 April: The Banking Sector in GCC against a Backdrop of Economic Change

Under the patronage of His Highness the Emir of Kuwait and the attendance of His Excellency the Deputy Prime Minister, Minister of Finance A dialogue platform between financial and economic policymakers and the banking sector leadership Timely topics, that covers Islamic banking industry, technology, digital services, and the Kuwait Development Plan Kuwait –March 13, 2017: Under the patronage of His Highness the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, represented by His Excellency Anas Khalid Al-Saleh, Deputy Prime Minister and Minister of Finance, the Kuwait Banking Association is organizing the Kuwait Financial Forum on April 4 and 5, 2017 in cooperation with the Al-Iktissad Wal Aamal Group. Set to be held at the Sheraton Hotel in Kuwait City, this event is expected to act as a benchmark item on the ......read more

Zain Kuwait enters three-year application development and modernization contract with Ericsson

Agreement will see Zain Kuwait benefit from all end to end services provided by Ericsson as part of ADM. Ericsson will provide the latest offering in Application Development and Maintenance to transform the operator’s business outcomes Dubai, UAE, March 8, 2017:  During the 2017 Mobile World Congress in Barcelona, Zain Kuwait and Ericsson have entered a three-year agreement for application development and modernization of the operator’s customer relationship management and enterprise service bus solutions. Under this agreement, Ericsson will provide end-to-end services to Zain Kuwait for system evolution and application configuration, development, integration and testing. Eaman Al Roudhan, Chief Executive Officer of Zain Kuwait, commented: “Ericsson’s application development and modernization ......read more

Kuwaiti Companies Select Konica Minolta to Enhance Production Capability and Quality Service

Dubai, UAE, November 26, 2016:  Konica Minolta Business Solutions Middle East, today announced that German Press and Koot Al Watan Press, two Kuwait based printing companies, have added Konica Minolta printing machines to their businesses.  The leading printing companies sought to improve turnaround times, increase production capacity and better quality to further help them deliver exceptional products and services to their customer base. Seeking to deliver digital printing in a more efficient and quicker way to its customers, German Press, one of the largest commercial printers in Kuwait, selected Konica Minolta’s “PRESS C1100” a high speed, heavy segment production printer. The new printer from Konica Minolta helped them to transform their customer service after becoming a central part of the business ......read more

Azadea Group wins big at the 2016 Middle East Retail Forum

Zara, Virgin, Eataly and PAUL dominated the 6th edition of the of the renowned RetailME Awards in Dubai      Dubai, UAE, October 20, 2016:   Azadea Group, the premier lifestyle retail company that owns and operates more than 50 leading international franchise concepts across the Middle East and Africa, has announced winning 6 awards through its prominent brands at the 6th edition of the RetailME awards. These accomplishments cement the group’s position as a regional major provider of internationally established and developed concepts varying from fashion & accessories, to food & beverages, multimedia, sporting goods, home furnishings and beauty & cosmetics. The RetailME Awards rewards excellence across a range of retail categories and felicitates top performing retailers. The renowned ......read more

SOUQ.com hosts ‘SOUQ Engage 2016' to empower Sellers and SMEs to Grow Business Opportunities in MENA

“Fulfilled by SOUQ” and “SOUQ Selling Center” especially designed to support Sellers to grow their businesses and provide exceptional shopping experiences to the customers      Dubai, UAE, October 12, 2016:   SOUQ.com, the largest online and marketplace platform in the Middle East hosted a highly engaging event to enable and empower sellers and SMEs to grow their businesses in the region. ‘SOUQ Engage 2016’, the first of its kind conference, provided an integrated platform for sellers to interact with the SOUQ.com leadership team and accustom themselves with the company’s new offerings. The interactive sessions and workshops witnessed participation by over 200 sellers- allowing them the opportunity to share their experiences and learn best practice from fellow sellers ......read more

Dhofar Global enters into partnership agreement with ffuussTM

October 05, 2016 - Demonstrating its commitment towards the highest standards in quality, technology and hygiene, Dhofar Global, a leading supplier of hygiene care products in the Middle East, has signed a strategic partnership with ffuussTM, a hand dryer manufacturer and part of Spain-based OTS Group. The contract awards Dhofar Global the exclusive distributorship of ffuussTM air dryers in Qatar. The state-of-the-art ffuussTM air dryers come with a patented air heating system that works without conventional resistors to avoid constant and unnecessary energy consumption. The unique design and distribution of the air outlets ensure even distribution of air to cover the maximum surface of hands and minimal noise and splash without affecting performance efficiency. The ffuussTM hand dryers contain high-efficiency particulate arrestance ......read more

Global leaders converge in Dubai next week for African investment conference

Third Annual Investment Conference to be held 5-6 October  McKinsey & Co to present key findings from the new‘Lions on the move II’ report HE Sheikh Nahyan bin Mubarak Al Nahyan to attend as guest of honour Dubai, UAE, October 4, 2016:  Close to 400 business leaders and government representatives will meet in Dubai next week to discuss foreign investment opportunities in Africa during the Africa Legal Network’s (ALN) 3rd Annual International Conference on 5-6 October at the Park Hyatt, Dubai, UAE.  The invite-only event is set to attract a number of high-profile speakers, including UAE Minister for Culture, Youth and Social Development His Excellency Sheikh Nahyan bin Mubarak Al Nahyan; Former Malian Prime Minister Dr Cheick Modibo Diarra; International Enterprise Singapore Director ......read more

The 7th Arabia CSR Forum ropes in leading names in sustainability

UAE, October 2, 2016 - The Arab Region’s most talked about CSR Forum will be happening on October 19, 2016 in Dubai. Taking place annually for the past six years, the forum has become known all over the Region and even beyond as a platform that promotes latest thinking and current philosophies around CSR and sustainability.  This year too, the forum will present fresh thinking and current topics, particularly on the subject of critical importance, namely, the Sustainable Development Goals. The forum will raise the curtain on the Arab Sustainable Development Agenda and its priorities.  The theme, ‘Accelerating the Arab Sustainable Development Agenda Through Innovation and Collaboration’ will reflect this and more. The theme is bold and gives out a call to action in the region.  Habiba Al Marashi, ......read more

Bentley and Shell Announce Global Framework Agreement

EXTON, Pa., U.S.A.– July 13, 2016 – Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, today announced a new Global Framework Agreement with Shell. The agreement serves to improve Shell’s capital project construction execution through automated 4D/5D construction management solutions provided by Bentley as a managed service. The solution, based on Bentley’s ProjectWise ConstructSim, will be deployed as part of Shell’s ProjectVantage program. This innovative offering, which simplifies work packaging for engineering, construction, and installation, adheres to the Construction Industry Institute’s (CII’s) Advanced Work Packaging (AWP) methodology.  The Global Framework Agreement with Bentley underlies Shell’s ......read more

Al Ansari Exchange pledges AED 50 million donation to various charities in commemoration of its Golden Jubilee

UAE, May 23, 2016–Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, commemorates the 50thAnniversary of its establishment. To mark the occasion and in line with the wise directions and vision of the UAE’s leadership to consolidate the country’s prominent position  in the region and the world, the company is poised to establish new standards of excellence and leadership in the exchange and remittance sector. A special conference for the Golden Jubilee celebration took place at the Kempinski Hotel in the Mall of The Emirates, Dubai, which was attended by Al Ansari Exchange’s board of directors, senior executives, and selected employees. During the conference, Al Ansari Exchange reviewed its long and successful journey which is based on the adoption of the best ......read more

Ahli United Bank's AGM approves 18% cash dividends

Ahli United Bank B.S.C today held its Annual General Meeting and the Extraordinary General Meeting at the Bank's headquarters in Seef District, Kingdom of Bahrain. The meetings were presided over by AUB’s Chairman Mr. Hamad M. Al-Humaidhi and were attended by shareholders representing 81% of Bank's shares.   AUB's AGM has approved the distribution of a cash dividend of 18% (US$ 4.5 cents per share) together with bonus shares of 5% (five shares per 100 ordinary shares) in respect of the financial year ended 31 December 2015 for shareholders registered as of 29 March 2016.   AUB's shareholders elected Mr. Abdulghani M.S.Y. Behbehani as a Shareholder Director and approved the appointment of Mr. Ahmed Ghazi Al Abduljaleel as a representative of Kuwait’s Public Institution for Social Security ......read more

78 Teams qualify to next round of the MIT Enterprise Forum Arab Startup Competition; an event supported by Community Jameel and Zain

A record 5,967 teams comprising over 16,500 entrepreneurs from 21 Arab countries enter competition Winners ceremony to be held in Jeddah on 14 April, 2016  Kuwait, Jeddah, Beirut - 16 February, 2016 The MIT Enterprise Forum (MITEF) of the Pan Arab region, in partnership with Community Jameel, the Corporate Social Responsibility arm of Abdul Latif Jameel and Zain Group, a leading mobile telecom innovator across the Middle East and Africa, announced that a total of 78 teams from 15 countries have qualified for the next round of the prestigious MITEF Arab Startup Competition, with the final winners’ ceremony now confirmed to be held at King Abdallah Economic City, in Saudi Arabia on April 14, 2016.   The ninth edition of the MITEF Arab Startup competition received a record 5,967 individual and team ......read more

Kuwait Forum Investment Climate & Opportunities

Kuwait, December 12, 2015:  Kuwait Direct Investment Promotion Authority (KDIPA), announces that it is convening its first promotional conference “Kuwait Forum: Investment Climate & Opportunities” under the patronage of H.H. the Emir of Kuwait Sheikh Sabah Al Ahmad Al Jaber Al Sabah, on March 8-9, 2016 at the Courtyard Marriott Hotel-Kuwait. The Forum intends to advance KDIPA’s promotional role in positioning Kuwait as a lucrative investment location, presenting a host of investment opportunities in various priority sectors, as well as introducing the distinctiveness of Kuwait’s investment climate, and the incentives granted in accordance with its establishing Law No. 116 of 2013 regarding the Promotion of Direct Investment in the State of Kuwait. The “Kuwait Forum: Investment Climate & ......read more

World Islamic Banking Conference (WIBC) to Chart Future of Commodities, Currencies and Asset classes in 2016

This December experts from the US, Turkey, UAE, Egypt, UK, Saudi Arabia and other markets to provide Islamic finance industry with its asset allocation outlook for 2016  11 November 2015, Manama, Bahrain:  The World Islamic Banking Conference (WIBC) 2015 will gather seasoned economists, asset managers and investment bankers who will provide a holistic view of asset allocation opportunities for 2016 - covering key countries and regions, energy, commodities and currencies for the 1200 delegates in attendance this December. For 22 years, WIBC has provided the most influential global and regional insights to help C-level executives shape their business strategy for the year ahead. Some of the topical areas the 22nd edition will cover include the impact of US monetary policy on foreign exchange exposure, whether Europe’s ......read more

Other Top Stories from Banking and Investments
 
Mashreq offers Flavours discounts and Double Rewards in Ramadan…

Enjoy exclusive discounts and rewards for Iftar and Suhoor Dubai – UAE, 25th June 2015: During the holy month of Ramadan, Mashreq introduces astounding offers at over 60 premium Flavours partner restaurants. Mashreq Flavours, one of the biggest dining programs in the UAE continues to provide its customers with a wide range of elite choices to relish the togetherness of ......read more

Arab-Brazilian Chamber of Commerce reveals UAE & Saudi Arabia among top importers of Brazilian ...…

UAE, June 24, 2015 - The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that two Arab states were among the top importers of Brazilian shoes during the first quarter of 2015, demonstrating anew the steadily growing trade relations between the region and the South American nation. The ABCC cited figures recently released by the Brazilian Footwear Industry Association (Abicalçados) showing ......read more

NAPCO CEO receives AIWA's award for ‘Most Outstanding Corporate Leader'…

June 24, 2015 - National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminium profiles in the GCC, has announced that its CEO, Robert Holtkamp, has received the award for ‘Most Outstanding Corporate Leader’ from Alam al-Iktisaad Wal A’mal (AIWA), Oman’s leading Arabic business magazine published by United Media Services. The 5th edition of the ......read more

EY to acquire Integrc, further boosting its governance, risk and compliance consulting services…

DUBAI, 23 JUNE 2015. EY signed a conditional agreement to acquire Integrc, a privately owned, leading provider of governance, risk and compliance (GRC) services to companies that run SAP. The acquisition, expected to complete in August,  will help cement EY’s position as an industry leader in SAP GRC services by further enhancing its end-to-end offering — from strategy to ......read more

SHUAA named “Best Regional Asset Manager” by Banker Middle East…

18 June 2015: SHUAA Asset Management Ltd. today announces that is has been awarded the “Best Regional Asset Manager” at Banker Middle East’s Annual Industry Awards 2015. Organised by CPI Financial, the awards recognise institutions that are truly innovative pioneers in their respective areas of expertise, and are helping to shape the future of the industry in the region. The ......read more

Nearly half of MENA businesses do not have an anti-bribery or anti-corruption policy and code of ...…

According to EY’s 2015 Europe, Middle East, India and Africa (EMEIA) Fraud Survey: DUBAI, 16 June 2015: EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey, Fraud and corruption – the easy option for growth?, has found that many businesses still do not have the basic building blocks in place for effective compliance. Only 52% of MENA respondents stated they had an ......read more

Western Union extends its WU Wish Programme to Kuwait…

Kuwait, 16 June, 2015: The Western Union Company has launched a global programme to mark the unveiling of their re-branded marketing platform, ‘This is WU’.  The new programme ‘WU Wish’ encourages people to describe their hopes and aspirations for a family member or family situation and the WU Wish programme will make the selected wishes come ......read more

Eros Group wins ‘Brand of the Year' 2015 by Superbrands…

55 brands receive Superbrands recognition at Gala Event Dubai, United Arab Emirates, June 16, 2015: Superbrands, the independent authority and arbiter of branding, announced that ‘Eros Group’ has won the coveted 'Brand of the Year' award at the 11th annual Superbrands tribute event, which was held at the Intercontinental Hotel in Dubai Festival City. Fifty-five leading ......read more

Al Hilal Bank hosts preparatory discussions for ‘UAE Banks Reception' forming part of ‘The IMF ...…

UAE, June 08, 2015 - Al Hilal Bank recently hosted the third preparatory session for the United Arab Emirates Banks Reception scheduled to take place as part of the 2015 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) running from October 9 to 11, 2015 in Lima, Peru. The meeting was organized at the Al Hilal Bank headquarters in Abu Dhabi’s Al Bahr ......read more

Enhancing Customer Satisfaction Through Techno-led Banking…

Dubai, June 8, 2015: The widespread adoption of technology has resulted in the introduction and acceptance of a multitude of devices and applications that have significantly transformed the way consumers manage their life. Technology has impacted every aspect of our lives and banking is not an exception; it has played a pivotal role in changing the structure and very nature of banking. ......read more

Al Hilal Bank named ‘Best Islamic Financial Institution' in the UAE & Kazakhstan by Global Finance ...…

UAE, June 06, 2015 - Al Hilal Bank has announced that it was named ‘Best Islamic Financial Institution’ in the UAE and in Kazakhstan at Global Finance magazine’s 8th Annual Awards for the World’s Best Islamic Financial Institutions. The recognition affirms Al Hilal’s exceptional ability to ensure safety and security for its customers while developing new and ......read more

Islamic Finance: The Largest International Islamic Economic Gathering Takes Place Next Week in ...…

Africa Witnesses the Largest International Islamic Economic Gathering Next Week  The 40th Annual Meeting of the Board of Governors of the Islamic Development Bank Takes Place in Maputo MAPUTO, Mozambique, June 6, 2015 -- Dr Ahmad Mohamed Ali, President of the Islamic Development Bank Group (http://www.isdb.org), has stated that preparations are in full swing at the IDB Group for ......read more

Investment in M.E. offshore projects buoyant despite lower oil prices…

Middle East region bucks international trend with 14% increased E&P spend - Offshore Marine & Work Boats event to evaluate impact of lower oil prices on maritime industry   3 June 2015: Seatrade Offshore Marine & Workboats Middle East 2015 - the region’s leading event for the workboat and offshore marine industries - marks its return to the Abu Dhabi National ......read more

Rockwell Automation highlights PlantPAx: Integrated Control and Information, Delivered through The ...…

The company displayed world-class distributed control system (DCS) combined with plant-wide control technologies and unmatched scalability of Rockwell Automation Integrated Architecture® Abu Dhabi, UAE – 2nd June 2015 – The 3rd ISA Automation Conference & Exhibition 2015 dedicated for process automation in the Middle East successfully concluded at the St.Regis Hotel in Abu ......read more

“aafaq Islamic Finance” signs strategic MoU with University of Bolton's Centre for Islamic Finance…

UAE, June 2, 2015 - Institute of Finance & Management subsidiary of aafaq Islamic Finance, a leading provider of Islamic finance products and services in the UAE, has recently signed a Memorandum of Understanding (MoU) with the University of Bolton’s Centre for Islamic Finance, an initiative designed to facilitate research and promote the understanding of Islamic Finance through ......read more

Drake & Scull Engineering awarded series of major contracts worth AED 350 million in Oman in Q2 2015…

Oman, June 01, 2015 - Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, and Oil and Gas, and wastewater treatment, has announced that Drake & Scull Engineering Oman, a subsidiary of Drake & Scull Engineering, has ......read more

Gulf Capital Receives Dual Recognition for “Best Credit Fund” and “Best Private Equity Firm” in the ...…

Abu Dhabi- May 31, 2015– Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, received dual recognition at the Banker Middle East Awards yesterday when its flagship GC Credit Opportunities Fund I was voted as the “Best SME Credit Fund” in MENA and when the firm received the “Best Private Equity Firm” accolade for the 5th ......read more

Arabian Anti-Piracy Alliance named as REACT partner for the GCC…

UAE, May 12, 2015- REACT, an international not-for-profit cooperative association fighting the trade in counterfeit goods, has named the Arabian Anti-Piracy Alliance (AAA) as its strategic partner in the GCC in the efforts to combat piracy and the proliferation of counterfeit products. The AAA was selected by REACT for its contributions and extreme dedication in curbing piracy in the Middle East ......read more

Inbound deal value increases five-fold in Q1 2015: EY…

Q1 2015 MENA M&A deal value increases by 9% compared to Q1 2014 69% of MENA executives expect the deal market to remain stable in 2015 according to EY’s Capital Confidence Barometer Dubai, 05 May 2015: Announced deal value in MENA increased from US$8.2b in Q1 2014 to US$8.9b in Q1 2015, an increase of 9%, according to EY’s Q1 MENA M&A Update. In Q1 2015, 90 deals ......read more

Securitas UAE offers peace of mind with its holistic security approach…

Securitas UAE – the global knowledge leader in security services, has carved a niche with its value-added security solutions and expertise tailored to specific demands in the UAE and the region amidst surging terror and crime incidents across the globe. With its world-class services, Securitas UAE has achieved exponential growth in 2014, continuing the upward trend over the last three ......read more

Henley & Partners Forges Partnership with UNHCR to Support Global Refugee Cause…

Dubai, 06 April 2015 - Henley & Partners announces an innovative partnership with the United Nations High Commissioner for Refugees (UNHCR) and donates more than USD 1 million to help the global refugee cause. Henley & Partners, the global leaders in residence and citizenship planning for wealthy individuals and families, has announced the creation of an innovative partnership with the ......read more

GCC banks continue double-digit growth momentum…

Positive market development is raising the levels for all A recent study by The Boston Consulting Group shows that Middle East banking revenues continued to grow and reach double-digit rates in 2014 with a 10 percent increase, while profits rose by 14.7 percent. Increases in operating costs exceeded revenue growth by 10.7 percent. At an aggregate level, provisions for bad loans decreased by ......read more

The UAE Islamic banking sector is en route to achieve US$263b by 2019…

Sharia-compliant assets in the UAE crossed the US$100b milestone for the first time UAE Islamic banking industry was estimated to be worth US$127b in 2014 DUBAI, 29 MARCH 2015: The UAE is en route to achieve US$263b of Sharia-compliant assets by 2019 according to EY’s World Islamic Banking Competitiveness (WIBC) report. The industry was estimated to be worth US$127b in 2014, thus ......read more

Digital migration to dominate discussions at 10th Retail Banking Expo & Forum…

Region’s leading annual industry conference adds new exhibition component to line-up as IT investment by MEA financial community hits US$4.3 billion in 2014; trend set to continue as customers demand faster, simpler, smarter access and products plus 24/7 connectivity The annual Middle East Retail Banking Forum & Expo returns to Dubai from 6-7 April 2015 for its 10th anniversary ......read more

30% Surge in Jordan's E-Commerce Spurs Demand for Fraud Solutions…

Nation’s online shopping totals USD 200 million in 2014; payment solutions firm BPC to spotlight e-commerce and fraud solutions at upcoming banking tech summit BPC Banking Technologies, the leading provider of Open System payment solutions, today announced its participation at the 2015 installment of the Banking Tech Levant Summit in Amman, Jordan, over March 2 and 3. This edition of the ......read more

QnA International wraps up successful MICE Arabia Congress 2015…

Over 1800 business meetings arranged at this premier MICE & Business travel congress (Dubai, 1 March 2015) – The 3rd edition of MICE Arabia Congress, which was held on February 22-23, 2015 at the Ritz-Carlton Dubai International Financial Centre (DIFC), was concluded with success as it welcomed more than 300 attendees from some of the leading organisations in the Middle East involved ......read more

USD 11,427 billion Arab World Exports to Brazil in 2014…

UAE, 4 February, 2015 - Brazil continues to cement its bilateral trade relations with Arab countries as reflected in a surge in exports from the region. According to statistics released by the Arab-Brazilian Chamber of Commerce (ABCC), collective exports from the Arab World to Brazil recorded a substantial increase in 2014 to reach a total of USD 11,427 billion. The key products imported from the ......read more

Leading Insurance Broker in the GCC Expects Increasing …

Industry to Witness Rapid Growthas Employee Benefits become Determining Factor for Successful Recruitment in Region’s Competitive Business Environment DUBAI, United Arab Emirates: Insurance and savings penetration will continue to rise in 2015 due to developing regulations and increased awareness about the importance of financial security, according to Nexus Group, the region’s ......read more

DuPont successfully conducts first-ever demonstration in Kuwait of Thermo-Man®…

[UAE, December 9, 2014] - DuPont recently organized its first-ever demonstration in Kuwait of the Thermo-Man® life-sized instrumented mannequin system, one of the most advanced thermal burn injury evaluation devices, which was held at the capital’s Kuwait Fire Services Directorate Complex. The demonstration was aimed at providing more safety and protection to the country’s oil and ......read more

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