Category: Companies

Dubai, 26 December, 2016, UAEAjman Free Zone (AFZ) signed an investor partnership agreement with Dubai Quality Group (DQG) to activate fruitful cooperation between both parties to foster quality, business excellence, and innovation in the workplace.The signing ceremony was attended by senior officials from both the organizations. The delegation from DQG was headed by Eng. Ahmed Al Mulla, Vice Chairman of DQG, who presented the Certificate of Membership to HE Mahmood Khalil Al Hashemi, Director General of

26 December 2016Middle East Payment Services (MEPS) – a leading, innovative payment services provider in the Middle East – has formally activated its acceptance of UnionPay cards at points-of sale (POS) across the Kingdom. This step follows the signing of a partnership agreement between MEPS and UnionPay International (UPI), a leading global payment services provider. Under the terms of the agreement, MEPS will not only accept UnionPay cards at its POS, but also handle payment processing

Kuwait, 26 December 2016Kuwait Financial Centre “Markaz” and Gulf Bank announced in a joint statement the successful completion of “Markaz” 5 years bond issue with a nominal value of 25 Million Kuwaiti Dinar, which was oversubscribed. This extensive demand reflects the investors’ trust in “Markaz”, the quality of the issue, and the high creditworthiness of “Markaz,” in addition to the effectiveness of the joint distribution efforts with Gulf Bank. “Markaz”, the Issue Manager, has

26 December 2016Dubai – The internet of things (IoT) is rapidly gaining momentum within the healthcare industry of the Gulf Cooperation Council (GCC) countries. According to IDC Health Insights, there has been a steady rise in IoT initiatives over recent years, and in some usage scenarios, IoT services are maturing rapidly toward mainstream deployment. The firm projects IoT spending by healthcare providers across the Middle East and Africa (MEA) to surpass $500 million in 2016, and

Dubai, December 25, 2016Nikai Electronics, a part of the Nikai Group of Companies, has been honoured with the Sheikh Khalifa Business Excellence Award (SKEA) in the Commercial sector. The prestigious award, an initiative of the Abu Dhabi Chamber of Commerce & Industry, aims at providing continuous improvement and enhancing competitiveness within the business sector in the UAE. The coveted award was conferred to Nikai at a ceremony held recently at the Emirates Palace, Abu Dhabi and

ArabPlast 2017 promises an international participation accentuated by the presence of the giant operators in the industry of plastics, petrochemicals and rubber Dubai, UAE, 25 December 2016As the biggest plastics, petrochemicals and rubber industry exhibition in the MENA region, ArabPlast 2017 is set to bring together the key players, experts and industrials in the field from around the world, between 8th-10th January at Dubai World Trade Centre. The previous edition of

UAE, Dubai, December 25, 2016The Dubai Health Authority (DHA) announced that 98 per cent of Dubai residents—more than 4 million— now have health insurance. His Excellency Humaid Al Qatami, Chairman of the Board and Director General of DHA said that this big accomplishment adds to Dubai’s numerous achievements, making it among the pioneers in the health field.He said that exceeding the 4 million mark is a testimonial to the level of awareness that Dubai residents have

Dubai, UAE, 25 December 2016HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has received HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), at DEWA’s Main Office. HE Mattar Al Tayer was accompanied by a high-level delegation from RTA comprising Maitha bin Udai, CEO of the Traffic and Roads Agency, Ahmed Bahrozyan, CEO of the Licensing Agency, Adel

Abu Dhabi 22 December 2016Union National Bank (UNB) signed a Memorandum of Understanding (MoU) with the Emirates Institute of Banking and Financial Studies (EIBFS). The signing ceremony took place on Tuesday 20th December 2016, at UNB head office, Abu Dhabi, and was attended by Mr. Mohammad Ali, Deputy CEO from UNB, and Mr. Jamal Al Jassmi General Manager of EIBFS, along with other Senior Executives from both organizations.Under the terms of the MoU, EIBFS will be

Region's Largest Financial Advisor Observes "Troublingly Low" Penetration Rates across the Country Key Benefits Include Medical Emergency Coverage, as well as Compensation for Flight Delays and Loss of Personal Belongings 22 December 2016Dubai, United Arab EmiratesUAE holidaymakers are putting themselves at increased risk of facing serious financial repercussions by not taking measures to adequately cover themselves in the event of a travel emergency, experts warned yesterday.Describing community awareness about travel insurance in the UAE

Mohammed Ahli: Our airports are gearing up to serve up to 146 million passengers by 2025 Via Dubai Security Supplement features Angela Gittens of ACI and Michael Herrero of IATA Dubai, December 22, 2016:Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA) and Chairman of Dubai Airports, said Dubai has successfully transformed innovation into a working culture in the government and a daily practice.Sheikh Ahmed, who is

Mijbel AlQattan appointed President of the society by the newly elected board, replacing outgoing President Rafik Hafez. Kuwait, 22 December 2016  CFA Society Kuwait, CFA Institute’s local association of investment professionals consisting of portfolio managers, financial analysts and investment advisors, has announced the appointment of its new board of directors. Mijbel AlQattan, previously the society’s Vice President, was appointed by the newly elected board of directors to take over the

Ma'aden, QIC and Bupa Arabia are fastest growing companies in 2011-15. Nearly 90% of fastest growing companies come from Saudi Arabia and Qatar. Share prices rose for almost all the fastest growing companies. Collectively, the fastest growing companies achieved around 100% stockmarket outperformance. 22 December 2016A landmark report released today by research group Marmore MENA Intelligence profiles 15 of the fastest growing listed companies in the Gulf Cooperation Council (GCC) countries.Tal Nazer, Chief Executive Officer of

Dubai-UAE: 22 December, 2016  Awqaf and Minors Affairs Foundation (AMAF) in Dubai and the Khalaf Ahmed Al Habtour Foundation for Charity (KAHF) have lately signed an awqaf investment partnership contract to build a residential commercial building.Revenues from the building will be allocated to the Umom Al Kheir Bank, run by AMAF. KAHF will provide full funding for the project, estimated at AED8 million.His Excellency Tayeb Abdulrahman Al-Rais, Secretary General of AMAF, and Abdul Salam Mahmoud Al Marzouki,

22 December 2016Ashtead Technology has announced the acquisition of Abu Dhabi based TES Survey Equipment Services LLC for an undisclosed sum. The acquisition will enable the leading independent provider of subsea equipment and services to the offshore oil and gas industry to significantly increase its customer service offering in the Middle East, a region which has strong growth potential for Ashtead. Established in 2007

Dubai, United Arab Emirates- December 22, 2016-(ME NewsWire)Space Imaging Middle East (SIME) is pleased to announce that Crime Prediction- its latest predictive policing software- has been successfully launched by the Dubai Police force.The software, which is the first of its kind in the region, was developed in support of the UAE’s Smart Governance Initiative, and specifically designed to complement the Dubai Police force’s modernized approach to crime prevention and enhanced public safety.Crime Prediction analyzes existing intelligence

Experience a gastronomical culinary experience that has satisfied UAE audiences for nearly two decades 23 December 2016Dubai, UAE: Award winning Indian Restaurant, Gazebo has opened five new outlets recently in Khalidiyah Mall Abu Dhabi, Al Twar and Business Bay, Al Shamkha Abu Dhabi and in Ajman.According to Irfan Gaya, Managing Director of Gazebo, the restaurant was initially set up to fill the gap in the market for an authentic Dum Pukht restaurant and

23 December 2016The Roads and Transport Authority – Nashwan Attaa'ee:RTA’s Rail Agency has added six fare collection gates to the Business Bay Metro Station, thus raising the number of entry gates at the station from 4 to 10. The step has been taken in response to the growing footfall at the station, which is in line with the sustained growth in demand for the metro service in Dubai fueled by ever-increasing demographic & urbanization rates in

Dubai, UAE, Riyad, Saudi Arabia, 22 December 2016Tasnee, the leading industrial company in Saudi Arabia, is the platinum sponsor of ArabPlast Show to be held from 8th to 10th of January 2017 at the Dubai Exhibition and convention Centre.Co-organised by Al Fajer Information and Services and German exhibition organiser Messe Dusseldorf, ArabPlast is expected to bring together key players in the plastics, petrochemicals and rubber industry with exhibitors and visitors coming from different countries

22 December 2016The Capital Market Authority Board has approved the final version of the Parallel Market Listing Rules after the draft was published on the CMA's website. The Authority ensured in the final draft that it took into consideration all recommendations, observations and opinions, received from investors and specialists, the interested an related parties during the public consultation.These Rules will be effective and enter into force starting from the date of its publication. The establishment of the

Abu Dhabi, December 22, 2016 H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy (MOE), recently met with Suren Karayan, Minister of Economic Development and Investments of Armenia to discuss key ways to further expand economic and trade relations between the two countries--building investment partnerships in sectors that would bring mutual benefits to both countries based on their respective capabilities. The discussion took place during a meeting held at the Grand Hyatt Hotel in Dubai

22 December 2016Etihad Airways, the national airline of the United Arab Emirates (UAE), and Montenegro Airlines, the flag carrier of the Republic of Montenegro, have signed a codeshare agreement that provides travellers with enhanced connectivity when flying between Southeast Europe and the Middle East.*The agreement will see Etihad Airways placing its “EY” code on Montenegro Airlines’ flights between Belgrade and two destinations in Montenegro – its capital Podgorica and the attractive town of Tivat on the

22 December 2016MARC has affirmed South Korea’s foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of South Korea (GoK) has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denominated debt issued locally by issuers domiciled in South Korea. Transfer and

Infrastructure of Berth 5 and Berth 6 at final stages of this year's strategic expansion 21 December 2016King Abdullah Economic City, The infrastructure works for Berth 5 and Berth 6 are about to be finished in a few weeks, King Abdullah Port announced on Wednesday. The two berths are part of the port’s strategic expansion plan, which aims to significantly uprate the port’s capacity, thus boosting its standing in the maritime industry, both