Tuesday 7 July 2015

Leading UAE businessman gives third of assets to charity

Prominent UAE businessman Abdullah Ahmad Al Ghurair has donated more than $1 billion - a third of his business empire - to a foundation supporting education in the Arab world, a move highlighting growing philanthropy among the Middle East rich. The establishment of the Ghurair fo


Kuwaiti finance firm KFIC revamps website

Kuwait Finance and Investment Company (KFIC) has launched a new, improved website of Mutadawil, the company’s leading financial brokerage online trading service. The new professional design of the website is developed in an interactive and architectural way to reflect the extende


UAE banks begin fees collection for e-authentication services

UAE’s Ministry of Finance (MoF) has launched the fee collection phase for authentication service pertaining to certificates of origin and invoices for imported goods, which are provided by the Ministry of Foreign Affairs. The services are paid for by using the e-dirham syst


Mideast firms ‘must adapt to Generation Z’

Middle East employers must learn how to adapt to the unique demands of Generation Z in order to attract and retain new talent in the new era of digital revolution, regional experts have alerted. Failure to grasp how to motivate and communicate with this entrepreneurial group of p


Top UAE exchanges partner to boost capital markets

The Dubai Mercantile Exchange (DME) and Abu Dhabi Securities Exchange (ADX) today (July 7) signed an agreement to collaborate on several fronts to further drive the growth of capital markets in the UAE and the wider Middle East region. The Memorandum of Understanding (MoU) was si


Abraaj buys majority stake in Nigeria mattress maker

Dubai-based Abraaj Group, a leading investor operating in global growth markets, today (July 7) has acquired a majority stake in Mouka, a leading mattress manufacturer in Nigeria. The acquisition is through one of Abraaj's funds, in partnership with Moukarim Family, the found


DGCX sees major new milestones in H1

The Dubai Gold and Commodities Exchange (DGCX) recorded its highest Open Interest (OI) of 94,056 contracts while volumes on the Exchange jumped 11 per cent from last year to top six million contracts during the first half (H1) of the year. The Exchange ended H1-2015 with trading


Mobile money focus for Dubai banking summit

Innovation in mobile money services industry and the transformation of mobile phones into virtual payment cards will be among key discussion topics at an upcoming banking summit in Dubai, UAE. The fifth annual Middle East Banking Innovation Summit will be held on September 14 and


Khalifa Fund launches accounts on social media

UAE-based Khalifa Fund for Enterprise Development has launched its official accounts on different social media channels as part of its commitment to adapt different media methods. The social media accounts aim to inform the community of the Fund’s services and activities in


UAE Exchange to enhance customer experience with SAP

UAE Exchange, a leading money transfer, foreign exchange and payment solutions brand, has selected the SAP Cloud for Customer (C4C) platform, to enhance the customer experience and increase market penetration. The remittance and forex brand plans to leverage an advanced customer

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