Category: Companies

Public Services Company Serco Middle East has appointed Wallace Weatherill as its new Managing Director, a role in which he will spearhead the operations of the largest automated transport system in the region the Dubai Metro as well as the Dubai Tram in collaboration with the Roads and Transport Authority (RTA). Serco Middle East operates and maintains the Dubai Metro and operates the Dubai Tram on behalf of the RTA. Wallace has worked in the Middle East rail industry for

As companies worldwide continue laying-off workers, Atkins has unveiled a new business structure for their business in Africa and the Middle East. The new business structure is set to start taking effect from July 1st, 2020, based around two main markets of the Kingdom of Saudi Arabia and the United Arab Emirates. This structure will also allow Atkins to align their services with client projects and country priorities.According to the company, providing a more straightforward and more focused structure will

Arabian Post StaffAstraZeneca has launched its GCC Health Innovation Hub, a culmination of digital innovation efforts by the Company to make diagnosis and treatment easier for diabetic patients, in conjunction with UK medtech start-up Gendius, which specialises in remote disease management.As a result of this partnership, HealthGATE – an artificial intelligence (AI)-powered platform and app to support diabetic patient care in the GCC – will be launched later this year. The HealthGATE app will work as a gateway between healthcare

Newcomer food delivery app Grub has entered the UAE’s food delivery marketplace, launching its services across Dubai. Offering a flexible and easy to manage system, the platform offers simple flat-rate mobile food delivery for local restaurants and wholesalers. The mobile app is offering venues 0% commission for the first six months if they sign up in the launch month as the new app is intended to help outlets that are struggling to manage costs, especially during the COVID-19 pandemic.The Grub

By Arabian Post StaffAfter two decades of successful operations in the GCC, UAE’s home-grown brand Nikai has commenced operations in Egypt by setting up facility for the production of television sets. The company believes that fast-growing economy with a high value-based consumer demand will help build on its existing market in Cairo.Nikai chairman Paras Shahdadpuri said the expansion marks a new era for the company. Despite the global economic slowdown, the consumer electronics industry has remained steady, he added. He

Dubai-based Finalrentals makes it possible to rent a car globallyBy Arabian Post StaffWhen traveling abroad, people often try to search for a car online from unknown platforms, resulting in situations where customers feel they didn’t get the service they’d hoped for. But Finalrentals has changed all that.Finalrentals is a startup born in Dubai, United Arab Emirates. After creating the best online car rental experience for tourists and residents in the UAE for short-term and monthly rentals, Finalrentals has now gone global, making it

Miral, Abu Dhabi's creator of destinations entered into a partnership with Etihad Airways, the national airline of the United Arab Emirates, to secure exclusive naming rights of Yas Bay Arena. As part of the agreement, Abu Dhabi's first-of-its-kind multi-purpose, indoor entertainment venue will officially be named Etihad Arena.With Etihad Airways' track record for connecting Abu Dhabi to the world and promoting the UAE as a vibrant and growing hub for culture, business and tourism, the airline is the perfect partner to help further raise the profile

DUBAI: Internet has changed the way the health sector in some of the African countries operates. Better internet and mobile connectivity have brought huge benefits to hospitals and health professionals. For instance, doctors and health care workers in the region are now able to exchange information in real-time, thereby improving disease diagnosis and patient management. Similarly, medical staff can now use video conferencing to consult with other colleagues and disease specialists based in the capital.This has been made possible by

Mirabaud, the banking and finance group founded in Geneva in 1819, in partnership with SBK Holding, has officially opened its Abu Dhabi office operations.The newly opened subsidiary, Mirabaud (Abu Dhabi) Ltd, will offer domestic and international wealth management advisory, business development, succession planning support as well as other investment services to its clientele in Abu Dhabi and wider UAE focusing on local families, their networks, and partners.Mirabaud has been present in the United Arab Emirates since 2007, where nearly 40

Mohamed Said Guedi, a Somaliland-Djibouti dual national, has been running successful businesses in East Africa, the Middle East and Europe. He is an entrepreneur who grew several businesses from start-ups to millions in annual sales through effective business planning, quality of products, creative sales techniques and innovative marketing.

Zoutons, one of India’s largest marketplace for deals and offers, in order to expand its business portfolio, has recently launched itself in UAE. The website, which has so far successfully established itself amongst the Indian and USA customer base, is now unleashing a whole new “online shopping “experience for UAE consumers.The website has been actively initiating as a portal which ensures smooth online shopping experience with the availability of an extensive collection of coupons and offers. It is the innovative

Starzplay, the Dubai-based subscription video on demand (SVOD) start-up, has now higher subscribers than Netflix – the global SVOD leader – in the Middle East and North Africa, a top official claimed. “In January 2019, we have reached 1 million subscribers in the Middle East – higher than Netflix,” Maaz Sheikh, CEO of Starzplay, told The Arabian Post, on the sidelines of a press briefing on Monday evening. “We are now the largest SVOD service provider in the Middle East.” The company

|By Arabian Post Staff| International Holdings Company, one of the UAE’s foremost holding companies with investments in diversified operating businesses, signed today an Implementation agreement to acquire PAL Cooling Holding LLC (PAL) - subject to final shareholders and regulatory approval - which allows International Holdings Company to enter into the utilities market. The acquisition will see the two companies conduct a share-swap arrangement, with IHC acquiring PAL’s entire share capital in exchange for PAL's shareholders receiving 1,311,428,571 of IHC’s newly

|By Arabian Post Staff| Emirates Integrated Telecommunications Company (EITC), popularly known as du,  announced the resignation of its chief financial officer, Amer Kazim, who is leaving to take up a position with a Dubai government-owned organization. Amer Kazim will remain with EITC till the end of the first quarter of 2019 to ensure a smooth handover of responsibilities and to supervise the full year 2018 financial results. Mohamed Al Hussaini, Chairman, EITC, said: “On behalf of the Board of Directors, I would

Hosts offering lodgings in the Middle East, travelers and tourists can now connect with each other on a new online platform, Baitoka.com.The Middle East saw $224 billion spent on tourism and travel in 2017. It is expected to reach $234 billion by the end of 2018, and forecast to rise by 4.6% pa to $365 billion by 2028.  Coupled with a vacation rental market, also known as the VR industry, flourishing at a rapid pace at $100 billion in 2016,

Emerging Markets Property Group (EMPG), the parent company of vastly successful property portals in the MENA and South Asia regions, has announced that it has wrapped up a first close of $50 million as part of a substantially larger investment round.In addition to Bayut.com in the UAE, EMPG owns and operates  Zameen.com in Pakistan,  Bproperty.com in Bangladesh, and recently announced its acquisition of Mubawab in Morocco. The Pakistan, Bangladesh and Morocco portals are clear leaders in their respective markets, and Bayut.com, one of the top portals in the UAE with a lead in some geographies,

|By Arabian Post Staff| UAE-based multinational company, Crescent Enterprises, has announced the successful closing of its investment in ColubrisMX and XCath, two next-generation micro-robotic medical device companies through its newly launched corporate venture arm, Crescent Enterprises Venture Capital (CE-VC).Developed at the University of Texas Medical School’s Microsurgical Robotics Laboratory and incorporated in Texas, USA, both companies design and develop next-generation robotic technologies that are expected to revolutionise healthcare development in their respective fields.Leading the Series A round of funding with a total

|By Arabian Post Staff|Destination management company Alpha Destination Management has signed an exclusive agreement with Expedia, the world’s largest online travel company, to operate the Expedia Local Expert® program in Dubai and Abu Dhabi.Dubai and Abu Dhabi will thus become the first destinations in the world outside North America to offer this  program. Expedia is an internationally trusted brand and Expedia Local Expert allows the company to build the perfect activity itinerary for travelers with an insider’s perspective and local

|By Arabian Ppost Staff| DP World Limited claimed that its nine-months performance exceeded projections handling 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals, with gross container volumes growing 9.6% on a like-for-like basis, with the third quarter growth rates accelerating to 13.5% year-on-year. This is against Drewry Maritime’s upgraded industry estimate of 5.5% throughput growth in 2017. Global trade outlook improved significantly in 2017 with the World Trade Organization recently upgrading trade growth from 2.4% to

|By Arabian Post Staff|The National Commercial Bank announced that net income for the nine months of 2017 reached SAR 7,246 million compared to SAR 7,030 million for the same period of the previous year, an increase of 3.1%. NCB’s net profit for the third quarter reached SAR 2,126 million compared to SAR 1,962 million for the same quarter of the previous year, an increase of 8.4%.NCB Chairman Mansour Al-Maimanv stated that the net special commission income reached SAR 10,283 million compared

|By Arabian Post Staff| Dubai-based Azizi Developments has announced the launch of a new mega community project in the heart of Dubai at an estimated cost of AED25 billion. The new mega project, whose name is yet to be announced, will have a distinctly British feel, with themes and elements influenced by contemporary British culture and way of living, thge company announced. The development will comprise residential, commercial and retail space, with 105 mid-rise and high-rise residential buildings boasting 30,000 apartments. Mirwais

|By Arabian Post Staff| ABB has won an order worth around $45 million from Dubai Hills Estate, a joint venture between Emaar Properties PJSC and Meraas Holding, to construct a substation that will boost distribution capacity and feed power to a new integrated lifestyle project being constructed in Dubai. The order was booked in the third quarter of 2017. Dubai consumes over 37,000 gigawatt hours of electricity per annum – half of which is attributable to the commercial sector and another

|By Arabian Post Staff| Japanese retailer Daiso opened at Bawabat Al Sharq Mall in Abu Dhabi this week. The newly opened store is the 11th store in Abu Dhabi and the 32nd in the UAE, bringing the total count in the GCC region to 49. The store is located on the first floor of the mall, opposite the Food Court, and boasts of 4,500 square feet. Daiso Japan operates in Middle East under the joint franchise ownership of Lals Group

|By Arabian Post Staff| Dubai Government is developing a new project development company that will manage projects by Dubai Holding and Meraas Holding, according to a media statement issued on Monday (May 29, 2017).The move is a reflection of the economic reality marked by lower oil price and lower growth outlook that is encouraging governments to consolidate their state-owned businesses to cut costs by creating synergies. It is however, unclear if mega merger of both the entities are on the cards.