Sunday 20 October 2019

DGC buys 50pc stake in Bahrain interior design group

Dividend Gate Capital (DGC), a Bahrain-based private equity firm, said it has signed an agreement to partner up and acquire 50% of Solara Joinery & Interiors Company, a leading carpentry headquartered in the kingdom.   Established in 2015, Solara caters to t


Over 79,000 licences renewed in Abu Dhabi last year

A total of 79,224 business licences were renewed last year in Abu Dhabi in yet a new testament to the investment-conducive environment boasted by the emirate, according to figures released by the Statistics Centre - Abu Dhabi. According to SCAD's data, the number of new busin


Samsung, Mobeewave partner for mPOS payments

Samsung Electronics has partnered with Mobeewave, a pioneer in contactless mobile card payment acceptance, to deploy NFC-enabled contactless payment acceptance on mobile devices worldwide starting October 15. Over the past several months, the two companies have worked together on


Over 70 experts at Saudi eCommerce Forum

More than 70 industry experts discussed the latest global and regional eCommerce market dynamics at the recently concluded Mastercard Saudi eCommerce Forum 2019 hosted by Mastercard, in collaboration with Saudi Payments. The forum, which took place in Riyadh, supports the Saudi 2


ENBD launches rights issue to raise $1.75bn

Emirates NBD (ENBD) Bank, a leading bank in the UAE, said that it proposes to increase its issued share capital by issuing new shares in its share capital to raise up to Dh6.45 billion ($1.75 billion) by way of a rights issue. The new shares will be issued at an issue price of Dh


AmCham Bahrain announces new board members

The American Chamber of Commerce - Bahrain (AmCham Bahrain) has announced its new 15-member board with Qays H. Zu’bi, the Senior Partner at Zu'bi Partners, as its President. Tatweer Petroleum CEO Jim Eastlack was elected the Vice President. The announcement came followi


GIB appoints new head for wholesale banking

Gulf International Bank (GIB) has appointed Khaled Abbas, a seasoned banker with more than two decades of experience, as group head of wholesale banking at GIB.   Abbas assumes the role after having served as GIB’s country gead of UAE, where he


Deloitte hires 1,200 new staff in Mideast in FY19

Professional services firm Deloitte said it recorded growth occurred across all regions during the fiscal year ending May 31, 2019 (FY2019), with more than 90,000 professionals hired, of which 1,200 in the Middle East. In FY2019, Deloitte increased its global workforce to approxi


Brazil’s exports to region up 13.2pc in 9 months

Brazil’s total export market share in the Arab region rose 13.2 percent from January to September 2019 compared the previous year, recent figures released by Arab-Brazilian Chamber of Commerce (ABCC) showed. ABCC said the Brazilian trade balance with Arab states surged from


Dubai Chamber opens new office in Shenzhen, China

Dubai Chamber of Commerce and Industry has expanded in China with the opening of a new location in Shenzhen that will be tasked with exploring business potential in the emerging in the fast-growing technology and innovation hub. It will also aim to attract innovative Chinese comp

 1 2 3 4 > 

calendarCalendar of Events