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Tag Archives: Featured

My Salaam: The issues shaping the lives and lifestyles of young Muslims around the world

My Salaam covers fashion, food, travel, culture, entertainment and personalities that shape and affect the lives and lifestyles of young Muslims around the world. Our stories and videos are produced by some of the top bloggers and writers from the United Kingdom and the United Arab Emirates to India and Indonesia. Some of the most popular stories on the website …

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Nineteen UAE listed banks posted $5.17bln in H1 net profit

A total of 19 listed banks reported H1 net profit of around AED19 billion, a 3.8 percent growth from around AED18.3 billion during the corresponding period last year. Matching previous expectations, the gains reflect the banking sector’s resilience and ability to cope with the fast-paced, multifaceted developments witnessed by the national economy which in its turn has maintained decent growth …

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New dams to bring Algeria a step closer to water security

Algeria’s efforts to improve water security will take a big step forward in the next two and a half years as a series of dam projects come on-stream. OPWP seeks ministry’s approval for water desalination project in Salalah UAE’s FEWA announces ambitious plans to meet increasing water demand RO 100m Qurayyat water project to come on stream before year-end Abdelkader …

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Abu Dhabi Global Market, UAE Exchange join forces to enhance FinTech ecosystem

Abu Dhabi Global Market, ADGM, and UAE Exchange have entered into partnership, to support, develop and promote the FinTech ecosystem in Abu Dhabi and the UAE. An MoU was signed by Promoth Manghat, Chief Executive Officer of UAE Exchange Group, and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, FSRA, of ADGM. The partnership will see UAE …

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Middle East and Africa to spend $8bln on IoT in 2017

Middle East organizations are adopting the latest Internet of Things (IoT) technology infrastructure to drive the wider region’s $8 billion market, global IoT enabler SAP recently announced. As the inter-connected IoT era advances, Middle East organizations are forced to manage a vast network of connected devices, wearables, and physical objects — from cars to oil drills. Using machine-to-machine technology, organizations …

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Chinese firms to invest $300mln in Abu Dhabi

Five Chinese companies will start operations in Abu Dhabi’s industrial zone with an initial investment of $300 million in a boost for the oil-rich emirate’s economic diversification plans. The companies, from Jiangsu province on China’s east coast, are involved in sectors ranging from power and metals to natural resources and banking, Abu Dhabi officials said. Chinese companies are increasingly seizing …

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EXCLUSIVE-Saudi Aramco advisers favour London for historic IPO – sources

Saudi Aramco’s advisers have recommended London for the historic listing of the oil company, with U.S. disclosure rules a concern for Saudi authorities, sources familiar with the matter told Reuters. A final decision on the venue for what is expected to be the world’s biggest IPO and is targeted to raise $100 billion will be taken by Crown Prince Mohammad …

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Dubai developer Nakheel targets growth in recurring revenue

Property developer Nakheel wants recurring income to increase to more than 50 percent of all revenue by 2021 as it opens more shopping malls in Dubai, its chairman told Reuters. Nakheel, the developer of the palm shaped islands in the emirate, expects leasable retail space to more than triple to 17 million square feet in the next three to five …

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Females first: Study shows women are more successful than men at raising money through crowdfunding

Female-led crowdfunding campaigns are more likely to reach their funding targets than male-led ones, a new study published last week by consultancy firm PwC has discovered. An analysis of over 450,000 crowdfunding campaigns by nine of the world’s largest crowdfunding platforms showed that female-led campaigns were 32 percent more successful at reaching their funding target than male-led campaigns. “Even in …

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Job openings: Apple in UAE is hiring new staff

Apple has just announced new vacancies for UAE jobseekers looking to pursue a career with the multi-million dollar company.The American tech giant, which sells hundreds of millions of smartphones, tablets, laptops and other gadgets in more than 150 countries including the UAE, has posted on its career site this month’s employment openings for at least 16 roles. The latest round …

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