Thursday , 17 August 2017
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du’s commitment to building sustainable business recognised with CSR Label from Dubai Chamber

Highest ever benchmarking score of 88.68% sees du receive the award for the third time du is the only telecom operator in the UAE in the region to be awarded this label Telco uses commitment to support growth amongst other companies in the UAE du is proud to announce that it has been awarded the CSR Label from Dubai Chamber …

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Souq.com raises more than AED 1 Billion (USD 275 million), the largest e-commerce funding in Middle East history

Funding confirms sustained confidence in the brand and is expected to boost SME growth. Dubai, U.A.E: Souq.com, the Middle East’s largest online retail and marketplace platform, announced today that it has completed a funding round of more than AED 1 Billion (USD 275 million), the largest financing of an e-commerce business in the Middle East. The significant investment will support …

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Qatar Development Bank Launches “Qatar’s SME Ranking Program”

In Cooperation with Qatar Chamber. Qatar Development Bank announced today the launch of its “Qatar’s SME Ranking Program” during a press conference that was organized in cooperation with Qatar Chamber. The press took place at QDB ‘s Headquarters. The conference aim was to shed the light on Qatar’s SME Ranking Program and the advantages it will provide to the private …

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Zain Saudi Arabia’s full-year financial results confirms record-breaking 2015

Revenues rose 9%, reaching SAR 6,741 million for 2015 with net losses narrowing by 23%. Gross profit margin reaches 59%, reflecting a record gross profit of SAR 3,951 million. Efficiency drive and improved vendor terms sees EBITDA increase by 48% with operating losses falling by 73% year-on-year. Riyadh, 25 February, 2016 – Zain Saudi Arabia ( Zain KSA ) posted …

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NBK awarded “Best Private Bank for 2016 in Kuwait”

Euromoney’s Annual Survey for industry experts worldwide. Khalife: the award reflects the constant confidence Private Banking customers vest in NBK. National Bank of Kuwait (NBK) has been awarded the “Best Private Bank for 2016” in Kuwait in Euromoney’s Annual Survey surpassing global banks in wealth management and private banking services. NBK topped the list of nominees, outmatching renowned international banks …

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Foster Open Innovation to retain competitiveness, advises GPCA

With research and development spend from the GCC’s petrochemical industry on the rise, the region must focus on collaborative innovation in order to survive, advised the Gulf Petrochemicals and Chemicals Association (GPCA). According to GPCA research, investments in research and development (R&D)–a key indicator of innovation–were estimated at US$529 million in 2014. This figure is a 40% increase from the …

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Statement by the IMF Managing Director Christine Lagarde at the End of her Visit to the United Arab Emirates

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of her visit to the United Arab Emirates (UAE): “I would like to express my gratitude to the UAE authorities and people for welcoming me during my visit to Abu Dhabi and Dubai. During my visit I met with His Highness …

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Ooredoo Expands Strategic Partnership with Cisco

New Agreements Enable Companies to Lease Vital Hardware and Brings Virtual Managed Services to Qatar. Doha, Qatar: Ooredoo is building its long-term strategic relationship with technology leader Cisco , announcing two new significant agreements at the Mobile World Congress in Barcelona this week. The two agreements will significantly expand the range of services available to Ooredoo customers, as companies look …

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Global Women’s Forum Dubai Underscores the Importance of Women’s Participation in Energy Industries

The Global Women’s Forum Dubai, took place at the Madinat Jumeirah in Dubai on February 23-24, and held an insightful session on “Gender Matters for Energy” today. Moderated by Rym Tina Ghazal, Senior Features Writer and Columnist for The National Newspaper UAE, the session’s two guest speakers described their passion for the energy industry as well as their professional and …

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DEWA reviews innovative achievements in sustainability at Global Women’s Forum Dubai

HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, both view supporting women as a priority and recognise their important role in the development of the UAE. This is why Dubai Electricity and Water Authority ( DEWA ) …

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