corporate

  • Cisco to Bring Human and Digital Connections to Life at Expo 2020 Dubai

    Expo 2020 Dubai has teamed up with worldwide technology leader Cisco to ensure that the first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region leaves a lasting positive impact and delivers on expectations to be a festival of human ingenuity. Cisco will provide its latest technology innovations that enable the exploration of new possibilities and connections for a sustainable, inclusive future.

  • Omnia Pay to showcase Branch Transformation Solution at Gitex 2017

    Omnia Pay, a provider of innovative digital transformation solutions for the banking and retail sectors, today announced that it is returning to GITEX for the second year to showcase its branch transformation solution. Based out of the Huawei (Stand number Z-E20 in the Za’abeel Hall), Omnia Pay will host live demonstrations as well as showcase its solutions advantages for banks.

  • IMDAAD TO LAUNCH FIRST “WORK SERIES” AT FM EXPO 2017

    Imdaad, the Dubai based award-winning integrated facilities management company, will be launching the first “Imdaad Work Series” at FM Expo, Middle East’s largest dedicated FM show. From 25 to 27 September at the Dubai World Trade Centre, the Imdaad Work Series will provide unique insights on facilities management and the disruptors behind the rapid transformation of this booming industry. 

  • Microsoft’s Imagine Cup 2017, in Partnership with Emaar, Empowers Young UAE Innovators

    Teams Green Jam, B.A.S.S. and iBins, swept to victory today in Dubai, at the UAE finals of Microsoft’s Imagine Cup 2017, a global technology competition that aims to deliver educational, entrepreneurial and employment opportunities for youth by acquiring critical skills. 

  • ‘Brexit’ move tips scale in GCC’s favor: report

    The UK’s impending historic withdrawal from the European Union (EU) is opening new opportunities for advancing the position of the Gulf Cooperation Council (GCC) as an economic powerhouse, casting the spotlight on the strong bilateral trade ties between the GCC region and the European island nation, according to a new report titled ‘UK’s EU Referendum: Why ‘Brexit’ Matters to the GCC.’

  • $1300 critical support for Gold - Century Financial Weekly Market Report

    Currencies

    Pound is undervalued

    Pound Sterling is still trading at a steep discount to fair value, since improving UK economic fundamentals mean the British currency is well positioned for a rebound to higher levels over the longer term. The UK current account deficit fell to its lowest level since 2011 during 2017, coming in at £82.9 billion or 4.1% of GDP, as UK earnings from overseas assets rose during the year and UK government payments to the EU and spending on foreign aid were a fraction lower. This is a marked improvement on the +6% of GDP deficit that was seen in 2015. Meanwhile, RBA is approaching a very gradual approach to raising rates as they don’t want to burden borrowers with higher rates. We would recommend a buy on GBP/AUD as on the charts also it is near support level.

  • A Star is Reborn Millennium & Copthorne Introduces The Biltmore Collection

    Millennium & Copthorne, Middle East and Africa today announced the introduction of The Biltmore Collection, a distinctive portfolio of unique luxury hotels that pay homage to the heritage, rich history and hallmark glamour of the original Biltmore Hotel Los Angeles. The brand will make its debut with the launch of Biltmore Tbilisi in Georgia this autumn closely followed by Bab Al Qasr in Abu Dhabi, with Biltmore Bateen Marina Abu Dhabi and Biltmore Riyadh, also scheduled to open over the next three years.

  • ABB equips luxury Dubai tower with building automation solutions

    ABB supplies Dubai’s latest, exclusive residential building, Volante Tower, with a full building automation system, controlling everything from public areas to individual living spaces, together with systems integrator customer Ultimate Solutions.

  • ABB expands Indonesia footprint withhigh-voltage switchgear unit

    ABB today inaugurated a new manufacturing facility for high-voltage switchgear in Tangerang, on the out- skirts of Indonesia’s capital, Jakarta. This is part of ABB’s continued footprint expansion in the country in- cluding the establishment of a new factory for medium-voltage products in 2015 at the same location.

  • ABB motor sets world record in energy efficiency – saves half a million dollars

    Tests carried out on a 44 megawatt 6-pole synchronous ABB motor shortly before delivery showed an efficiency 0.25 percent greater than the 98.8 percent stipulated in the contract, resulting in the world record for electric motor efficiency. This efficiency improvement could save approximately $500,000 in electrical energy costs over the course of a 20-year lifetime for each motor.

  • ABB wins $30 million order to strengthen power infrastructure in Iraq

    ABB has won an order to supply and install a substation at the 3,000 megawatt (MW) Rumaila power plant, located in the Basra region of southern Iraq. The completed power plant will be operated by Shamara Holding Group (SHG), one of Iraq’s largest private industrial conglomerates and an independent power producer. The Rumaila power plant is expected to increase power generation capacity by about 20 percent and address acute shortages of electricity, hampering economic growth in the country. The order was booked in the second quarter of 2017.

  • AED 200,000 awaits Business Excellence Awards Winners

    Ras Al Khaimah Economic Zone (RAKEZ) today opens its doors for entries for the RAKEZ Business Excellence Awards 2017. The awards recognises companies for their outstanding excellence, which played a key role in the economic development of the emirate of Ras Al Khaimah. On its fourth year, the prominent awards programme comes back with exciting addition for the participants as it is set to give away a total of AED 200,000 cash prizes to the winners.  

  • Al Ghurair International Exchange Joins Hands with Western Union to Facilitate Remittances to Billions of Bank Accounts in 51 Countries

    Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, announced its reach to over billions of bank accounts by joining hands with Western Union’s  account payout service which connects cross border consumers and eases the account credit facility with its fast, secure,  reliable and vast  global reach.

  • Al Thani Global Investment Holding Appoints New Group CEO Dr. Abdulrahman Al Ansari

    Al Thani Global Investment Holding, a Qatar-based investment company, has announced Dr. Abdulrahman Al Ansari as the company's new Group Chief Executive Officer.

  • AlScene Launches Custom Ramadan TV Schedule Generator

    AlScene.com might live and breathe online, but the innovative and irreverent team know that in Ramadan, TV reigns supreme. Working with MO4 Network's team of in-house developers, AlScene.com presents the region's first Custom Ramadan TV Schedule Generator. With just four simple clicks, the seasonal feature will create a unique schedule, customized to each user's preferences and the times of day they're free to watch.

  • Announcement Of The Invest In Mali Forum 2017

    The Invest in Mali Forum 2017, a major international event to promote Mali as a strategic location for business and investments in sub-Saharan Africa organised by the Mali Investment Promotion Agency (API-MALI) and supported by the World Bank will take place on December 7th and 8th 2017 in Bamako, Mali.

  • Asteco franchisees contribute 75% annual increase in sales

    Asteco, the Middle East’s largest independent full service real estate company, has underscored the success of its licensing division with the inaugural Asteco Franchise Awards, which took place at Towers Rotana in Dubai recently.

  • Asteco franchisees generate 43% Y-on-Y profit increase

    Asteco, the Middle East’s largest independent full service real estate company, has underscored the success of its licensing division as latest figures show a 43% growth in income between January and July 2017 compared to the same period last year.

  • Avaya Awarded Next-Generation Emergency Services Project in Turkey

    Avaya announced today it is has been awarded a project to deliver next-generation emergency services communications solutions in Turkey. The deal, part of Turkey's NGCC112 emergency number project, will see Avaya equip Turkey's emergency services with its eCall vehicle accident aid system, as well as enable emergency responders to communicate more effectively at the scene of any incident.

  • Azur Digital, CONTEXT and GfK keynote topics confirmed for DISTREE Middle East 2017 in Dubai

    DISTREE Middle East 2017 will include a packed conference programme comprising keynote presentations, workshops, VIP sessions and panel discussions. The event, which takes place from May 8-10th at the Meydan Hotel in Dubai, gathers together hundreds of senior executives from consumer tech vendors, distributors, retailers and e-tailers in one place at one time.