ICSFS, a leading universal core banking provider, with over 100 customers across the Middle East, Africa, South East Asia, Central Asia and Europe, invests in its software suites by utilising modern technology in launching new products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide. ICS BANKS software suites future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers' journey experience, hence improving the trust and confidentiality between the customer and the bank. ICS BANKS has always been a pioneer in utilising the latest technology to ......Read More

Dubai, United Arab Emirates, February 23, 2020:   IFS, the global enterprise applications company, has announced its participation at MRO Middle East Summit & Expo. Scheduled to take place at Dubai World Trade Centre on February 25- 26, with an audience of over 5000 attendees, the exhibition is co-located with Aircraft Interiors Middle East (AIME). IFS will demonstrate its leading commercial aviation maintenance, repair and overhaul (MRO) solutions at the event at Booth 521. There are several challenges that commercial aviation organizations face in today’s evolving market and are embracing new technologies to attain seamless collaboration and have a truly connected ......Read More

• As for each year, all 21 global results received external assurance by an independent auditor • 10 programs are well ahead of their objective a year in advance  • In 2020, the Group will focus on 6 programs lagging behind • Recognitions obtained in all main extra-financial ratings validate the Group’s sustainability leadership   February 23, 2020 – For the fifth year, Schneider Electric, the leader in digital transformation of energy management and automation, announces its financial and non-financial results together for 2019 annual results. Each quarter, Schneider Electric publishes 21 indicators from the Schneider Sustainability ......Read More

Abu Dhabi, United Arab Emirates – Ahead of its participation at the upcoming MRO Middle East event at the Dubai World Trade Centre, Etihad Engineering has announced its performance indicators for 2019 revealing that the leading maintenance, repair and overhaul (MRO) provider has signed off yet another year with a very positive record and continues to demonstrate strong potential for sustained growth as it sets into 2020. Etihad Engineering provides its array of maintenance services to Etihad Airways as well as third party aircraft providers from around the globe. This resilience in operations is supported by the presence of cutting-edge innovation which resulted in the servicing of ......Read More

Dubai, United Arab Emirates, February 23  , 2020:   Commodity markets’ main source of influence continues to be the news flow related to the Covid-19 virus and the potential risk of it spreading further across Asia and beyond. China, already reeling from the economic and human impact, is struggling to return to work. The tentative recovery in key commodities such as copper and crude oil during the past couple of weeks was amongst other things driven by the narrative that the economic impact would primarily be a Q1 event. With the virus continuing to spread outside of China, this narrative has given way to renewed concerns of the virus having a prolonged and negative ......Read More

Cybersecurity’s Fastest Growing Platform Now Valued at Over $1 Billion    Dubai, United Arab Emirates – February 20, 2020 – SentinelOne, the autonomous endpoint protection company, today announced it has raised $200 million in Series E funding led by global venture capital and private equity firm Insight Partners, with participation from Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures, and previous investors. The round elevates SentinelOne’s valuation to $1.1 billion. The funding will enable SentinelOne to continue accommodating record breaking customer demand and accelerate growth ......Read More

• Zedra SmartControl kitchen faucet scores points with consumers with product benefits, design, ergonomics and innovative strength  • Initiative LifeCare chooses GROHE as "Favorite brand in gold"  • SmartControl Colors collection for the kitchen wins the iF gold award ......Read More

February 18, 2020:   Ericsson (NASDAQ: ERIC) is titled the Operational Excellence Winner in the international category and the winner of Rawafed Award for Saudization at the 9th Partner Day ceremony held by stc group in the presence of stc executives in addition to more than 175 suppliers and partners of the group.     Launched in early 2018, Ericsson established an operations innovation program to support stc’s digitization drive with the aim of improving the quality of the network. As part of this program, Ericsson developed 10 different innovation streams that included virtual drive testing, automated fault handling as well as improvements to value ......Read More

UAE; February 17, 2020:   Japan Tobacco International, a leading global company in the vaping market, has introduced their original Two Apples flavour to its Logic Compact vape offer. This new offer was created especially with United Arab of Emirates consumers in mind, as it features the classic Two Apples flavour which is already ......Read More

Event to highlight how collaboration is the new competition with eco-systems replacing traditional industry boundaries   Dubai, United Arab Emirates, February 17, 2020:   An impressive line-up of partners and speakers will be addressing how to manoeuvre the IoT landscape for higher profits at the 5th Internet of Things 2020, ......Read More

Aden, Yemen: National Bank of Yemen (NBY), one of the largest commercial banks and a prominent contributor to the economic and social development in Yemen; has gone live with ICS BANKS Universal Banking Software from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to grow its operations domestically and internationally. The National Bank of Yemen (NBY) provides banking services ranging from Retail to Trade Finance, Treasury and Project Finance to individuals, corporates, and governmental institutions. Over the past fifty years, NBY has spread its presence in remote areas as well as major cities and towns of Yemen. On ......Read More

Baghdad, Iraq, 16 February 2020: Trade Bank of Iraq (TBI), established in 2003, achieved a robust growth in revenues and in key financial areas during 2019, for another consecutive year with its consistent performance, preliminary report released by the bank for the financial year during 31st December 2019. The bank posted a net profit of USD 556 million in 2019, an increase of 68% from 2018, on revenues of USD 673 million, which grew by 12% over the previous year.  Financial unaudited statements for the year ending 31st December 2019 reveal enhanced financial strength of TBI as a consequence of incessant improvements throughout the year in key sectors, including gross revenue ......Read More

Abu Dhabi, UAE  –  February 16, 2020:  Planet Smart City, the UK-headquartered global leader in smart affordable housing, announced its support for the United Nations’ newly-launched flagship programme ‘People-focused Smart Cities.’ Having participated at the World Urban Forum, reinforcing the UAE’s ......Read More

Dubai, United Arab Emirates, February 12, 2020:     The Republic of Peru has emerged as the most stable and risk-free nation for investment in Latin America, revealed in the latest study by the US-based financial services giant JP Morgan Chase. The report comes ahead of the Expo 2020 Dubai, where the South American nation is bullish ......Read More

Your broad guide about carbon emissions in the ICT sector     Dubai, United Arab Emirates, February 12, 2020:   Quantifying the footprint of our digital lives is not rocket science but it demands an understanding of the technology, its development and usage. Ericsson IndustryLab’s latest report, ‘A quick guide to your digital carbon footprint’, deconstructs ICT’s carbon emissions and shows you everything you need to know about the climate impacts of our digital lives.   A lot of coverage on digital carbon footprints paint a bleak image, especially when making statements about the future. Why is this? Calculating carbon ......Read More

London, UK: World Finance,  the voice of the market magazine, awarded  ICS Financial Systems Limited (ICSFS)’ Managing Director; Robert Hazboun, in its World Finance Winter 2020 edition, as one of its World Finance 100 individuals and business in financial services that have outstanding enterprise and kept pushing their industries forward. The individuals and organizations acknowledged by the World Finance 100 have been recognised for their ability to lead their respective industries even in unfavourable conditions.  The WF100 Awards now in its 11th year, celebrates those who have reached the pinnacle of achievement across a wide variety of fields of expertise, ......Read More

Global leader in smart affordable housing opens its advisory services focused on integrating smart city solutions in the urban environment     10th February 2020:   Planet Smart City, the global leader in smart affordable housing, is expanding its worldwide capability with the launch of advisory services in India. ......Read More

Dubai, United Arab Emirates, February 10, 2020:   KIKLABB: Licensing & Workspaces has announced the opening of its flagship business at the iconic Queen Elizabeth 2 (QE2). It was officially inaugurated by Mr. Hamza Mustafa, CEO of PCFC Investments; Mr. Abdulla Belhoul, CEO of PCFC-Trakhees and Mr. Tasawar Ulhaq, CEO of ......Read More

Dubai; February 09, 2020:   Taking the first step towards the Group’s 2020 expansion plans, Nikai Electronics, UAE’s homegrown brand and one of the top consumer electronic labels in the GCC, commenced its operations in Egypt earlier this month. The operation setup is expected to build on the organization’s consistent ......Read More

** Champion Cleaners plays Cupid this Valentine’s Day, with their Irresistible Promotions that will help you to get Date Night ready **     Dubai, United Arab Emirates, February 08, 2020:   With the festive season now over and the January blues truly taking its toll, for most of you Valentine’s Day is the ......Read More

Saudi Minister of Transport, H.E. Eng. Saleh bin Nasser Al-Jasser, commissions study to propel the Kingdom on the forefront of transport innovation globally    February 8, 2020:   The Ministry of Transport (MoT) in the Kingdom of Saudi Arabia, today announced a contract agreement with Virgin Hyperloop One (VHO), ......Read More

Dubai, United Arab Emirates, 6 February 2020:   As part of  the Institute for Entrepreneurship & Business Excellence’s (IEBE) Guest Speaker Series, Mr Rizwan Sajan, Billionaire Founder and Chairman of the Danube Group, shared his success story to a packed Oasis Theatre of students and staff at Middlesex University ......Read More

Less than half of UAE consumers identify points and rewards as a key factor in earning and keeping their loyalty    Dubai, 5 February 2020:   In a competitive world, acquiring consumers is more expensive than retaining them, and loyal consumers are invaluable as a reliable repeat source of revenue. According to ......Read More

DUBAI – February 5, 2020:   Corporate Connections, the Charlotte-headquartered global network of business owners and C-Level executives, has launched its first chapter in the UAE. This falls in line with line with Dubai’s strategies to connect with the world and accelerate business growth with the Expo 2020. The chapter in ......Read More

DUBAI – February 5, 2020:   Alpen Capital (ME) Limited, Dubai-headquartered investment banking advisory firm, announced the publication of its latest report titled “Sri Lankan Banking and NBFI Sector”. This report provides a comprehensive overview of the Sri Lankan Banking and NBFI sectors, highlighting the strengths, ......Read More

Dubai, United Arab Emirates – February 05, 2020:   Power management company Eaton today announced the EMEA launch of its 5P rackmount lithium-ion uninterruptible power system (UPS). Building on the best-in-class reliability of the Eaton 5P UPS platform, the 5P lithium-ion UPS provides a dependable, integrated solution with enhanced ......Read More

Dubai, United Arab Emirates, February 4, 2020:   IFS, the global enterprise applications company, has announced the signing of a new agreement with Oman ICT Group. The crucial partnership will help the Oman ICT Group achieve its key strategic objectives of developing the ICT sector for national advancement and includes Omanisation. It ......Read More

Dubai, UAE; 3rd February 2020: Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the year ending 31st December 2019.   Key highlights [YE 2019 vs YE 2018]:   • Stable Net Profit  o Net profit for YE 2019 stood at AED 2.1 billion – stable vs 2018 o Impairment Allowance down by 1.5% YoY • High proportion of non-interest income o Mashreq’s best-in-class non-interest income to operating income ratio remained high at 38.2%  o Significant growth in Investment Income (AED 150 Mn in 2019 vs AED 27 Mn in 2019) • Solid liquidity & Capital position o Liquid ......Read More

Dubai, United Arab Emirates, February 02, 2020:   Honour Bound – a book written by Mr Sarosh Zaiwalla, an Indian-born British lawyer, who won more than 1,000 legal cases and successfully represented Indian President, Pakistani Prime Minister Benazir Bhutto and Amitabh Bachchan in the famous Bofors libel case – launched his ......Read More

 Scale2Dubai programme aims to attract start-ups and small businesses looking to scale and expand internationally  Selected businesses will benefit from being part of a curated innovation ecosystem that adds value and supports their growth in Dubai     Dubai, 02 February 2020 –   District 2020 ......Read More

Arab Bank Group closed 2019 with solid results reporting net income after tax of $846.5 million as compared to $820.5 million in 2018, recording a growth of 3.2%.  Net income before tax grew to reach $ 1.15 billion as compared to $ 1.12 billion in 2018, while Group equity grew to reach $9.102 billion with a return on equity of 9.3%. In view of the solid results, the Board of Directors has recommended to the shareholders the distribution of 30% cash dividends for the financial year 2019, making a total dividend payout of over $ 270 million. The Group’s net operating income grew by 5% driven by growth in interest and fee income. Credit facilities grew by 1.2 % to reach $ 26.1 ......Read More

Strategic MoU Signed to Unlock Opportunities within the UAE and Across the Region to Deliver Full-Process Logistics Services Dubai, United Arab Emirates, 01 February 2020: Leading trade enabler, DP World, UAE Region and Zhejiang Zhidi Holding Ltd. (ZZH or Zhidi Company) of China will jointly explore the establishment of a sophisticated next-generation logistics hub to meet the rising demand for conventional and e-commerce services in Dubai. The Memorandum of Understanding (MoU) signed between the two sides states that the intent is to create a platform for the Zhidi Company shareholders that will deliver efficient, full-process logistics services, positioning Dubai as a global e ......Read More

• Partnership will see internationally benchmarked accreditation for finance teams enabling advanced professional development and more efficient financial planning and management   Abu Dhabi, 29 JANUARY 2020: Abu Dhabi Health Services Company (SEHA), the UAE’s largest healthcare network, has signed a new, strategic agreement with CPA (Certified Practising Accountant) Australia, the professional accounting body of Australia, to deliver advanced training and development programs across the network. This partnership will see a range of new professional opportunities for SEHA finance staff, while also offering internationally benchmarked accreditation, especially designed ......Read More

• Leading European festive decoration company to complement AFKAR Lighting • CELS Group targets turnover of $35m in 2020 and $44m by 2022   Dubai, UAE, 29 January 2020:   CELS Group has recently acquired 100% shares of First Christmas by Rosenau GmbH – one of Europe’s leading festive decoration company – along with its GCC branch, Retail Emotions. First Christmas was founded in Hamburg, Germany, and has over 20 years of experience in creating spectacular holiday and seasonal decorations, digital installations and special events for shopping centres, airports, hotels, cities and retail chains around the world, and has won over 20 ......Read More

Kollberg Joins on The Heels of Rapid Growth Across Europe, the Middle East, and Africa      Dubai, United Arab Emirates – January 29, 2020:   SentinelOne, the autonomous endpoint protection company, today announced the appointment of Daniel Kollberg as Vice President EMEA. The appointment supports SentinelOne’s record growth across the globe on the journey of becoming the next great cybersecurity company, through helping organizations use AI to defend against every attack at every stage.   Over the last six months, SentinelOne has more than tripled its EMEA business fueled by enterprise wins in Southern Europe, the United Kingdom, and ......Read More

SUNNYVALE, Calif., January 28, 2020 - Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today reported preliminary financial results for the three months and fiscal year ended December 31, 2019 and provided its outlook for the three months ending March 31, 2020.   Fourth Quarter 2019 Financial Performance Net revenues were $1,208.1 million, an increase of 2% year-over-year, and an increase of 7% sequentially. GAAP operating margin was 14.8%, a decrease from 16.7% in the fourth quarter of 2018, and an increase from 12.2% in the third quarter of 2019. Non-GAAP operating margin was 20.3%, a decrease from 21.1% in the fourth quarter of 2018, and an ......Read More

H.E. Mohamed Al Khadar Al Ahmed, Executive Director of Strategic Affairs at DMT and General Coordinator of the World Urban Forum 10 Abu Dhabi – 28.01.2020: H.E. Mohamed Al Khadar Al Ahmed, Executive Director of Strategic Affairs at DMT and General Coordinator of the World Urban Forum 10 Said: “Next February we are looking forward to the tenth World Urban Forum in Abu Dhabi, with its theme: “Cities of Opportunities: Connecting Culture and Innovation” and this will be the first time that an Arab country will host the world’s most important conference on cities and human settlements. At the centre of our discussions will be urban growth management ......Read More

Ahead of Expo 2020 Maple Leaf Business Center unveils affordable luxury serviced offices and co-working space in Dubai Co-working space model in Dubai projected to grow in double digits until 2030 Growing trend for affordable serviced offices and co-workng space in emirate   Maple Leaf Business Center unveils affordable ......Read More

Key trends include: AI, facial recognition, physical identity management, blockchain and cybersecurity      Dubai, United Arab Emirates, January 27, 2020:   Genetec Inc. (“Genetec”), a leading technology provider of unified security, public safety, operations, and business intelligence, today shared its top 5 predictions for the physical security industry in 2020. AI: separating facts from fiction While artificial intelligence (AI) is becoming a household term, it’s far from being a household reality. While machines are making huge steps forward, they are not capable of thinking or acting like humans. What they are really ......Read More

A ‘brick-and-mortar real estate swap’ between the state and the central bank could address Lebanon's financial crisis The move contributes to reducing the proportion of public debt of GDP to 70 percent by Mr. Firas Sleem, CEO of Virtue Consulting Beirut, Lebanon, January 27, 2020: Some may wonder why the Banque du Liban ......Read More

United Arab Emirates, Dubai, 26th January 2020:   Eros Group, distributor of world-renowned brands like Hitachi, Linksys, TCL, Midea, Sonos and many more, once again took part in the UAE’s biggest sales extravaganza – the Dubai Shopping Festival (DSF). In its 25th edition, the annual Dubai Shopping Festival has been one of the most anticipated events in Dubai awaited by citizens, residents and even internationally. It brings to town outstanding offers, live concerts, delicious food, fireworks displays, raffles, and many events that caters to the entire family. Niranjan Gidwani – CEO of Eros Group, said “Dubai Shopping Festival has proven to be one ......Read More

Honor reflects company’s leadership in UAE’s foreign exchange and money transfer sector UAE, February 15, 2020 - Cementing its leadership in the exchange and money transfer sector, Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has been awarded the 4th edition of the ‘Sharjah Excellence Award’ during an official ceremony held at the Expo Centre Sharjah under the patronage of H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah. The company's win is attributed to its outstanding business achievements and contributions to the local business community. Rashed Al Ansari, General ......Read More

February 03, 2020- Johnson Controls International, a global leader in building technologies and solutions, has joined the World Green Economy Organization (WGEO) as one of its latest affiliate members under the Private Sector Platform. The company’s commitment to sustainability dates to its inception in 1885, underscored the importance of private sector investments to advance the green economy through research and development, as well as collaboration with governments. Johnson Controls, which operates in 150 countries, sees its role within the WGEO as a leading strategic partner that will have a positive impact in enhancing the partnership and mutual cooperation between private and ......Read More

UAE, 27 January 2020 - Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced that it has waived the money transfer fees across all of its branches, for money donations being sent to relief organizations in the Philippines. The move is part of the company’s efforts to support and aid victims of the Taal Volcano eruption, which forced thousands of local residents to evacuate their homes, causing a massive displacement of residents in affected villages. Rashed Al Ansari, General Manager of Al Ansari Exchange, said, “This initiative reflects our solidarity for the Philippines and its people with the aim to support the ongoing ......Read More