Schneider Electric has promoted Amel Chadli to Vice President Middle East and Africa for Digital Energy and EcoStruxure. Amel, who has been with Schneider Electric for over a decade, will take up these new responsibilities alongside her existing Strategy role. Amel will spearhead the company’s growth in the areas of digital transformation and software across the […]
Wiley, a global leader in research and education, and PwC’s Academy Middle East, the talent and skills development business of PwC Middle East, announced the expansion of their partnership to support as many as 20,000 finance and accounting professionals via high-quality certification exam preparation programs. “We are thrilled to enhance our current partnership with PwC’s […]
Following all regulatory approvals received from UAE Central Bank and the Securities and Commodities Authority (SCA), DIB has today, through the Dubai Financial Market (DFM), successfully executed the increase in its foreign ownership limit (FOL) from the current level of 25% to the new enhanced one of 40%. The increase in FOL is driven primarily […]
Gulf International Services (“GIS” or “the Group”; QE ticker: GISS), today reported a net loss of QR 0.8 million for the six-month period ended 30 June 2021. Macroeconomic updates Oil and gas industry continue to show positive signs of recovery with constructive macroeconomic drivers, on the back of effective vaccination campaigns leading to ease of […]
Nuwa Capital has invested in baraka, a Dubai-based fintech startup on a mission to educate, enable and empower retail investors in the Middle East. The $4M seed round also includes Global Founders Capital, FJ Labs, Raptor Group, Tribe Capital, VentureSouq, and Class 5 Global. The company has officially launched its mobile investment app today, and […]
Singapore-based AI company TAIGER announced today the veteran technology executive, Stephen Watts, has joined the company as its Chief Operating Officer. Watts brings to TAIGER extensive global leadership in software and services. He has a proven track record of driving transformative growth in early stage and global operations. He served as President and COO of […]
Qatar Aluminum Manufacturing Company Q.P.S.C. (“QAMCO” or “the Company”; QE Ticker: QAMC), a 50% joint venture partner in Qatar Aluminum Company (Qatalum), today reported a net profit of QR 288 million for the six-month period ended 30 June 2021, with an earnings per share (EPS) of QR 0.052. Commenting on the financial and operational performance for the six-month period […]
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, issued Executive Council Resolution No. (23) of 2021 appointing Mansoor Hussain Lootah as CEO of Support Operations at the Dubai Culture and Arts Authority (Dubai Culture). His Highness also issued Executive Council Resolution No. […]
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has launched its latest global campaign, featuring superstars Jessica Alba and Zac Efron, as it continues to drive global travel recovery and growth. Dubai Presents – filmed by Director’s Guild award-winning director Craig Gillespie of recent Cruella movie fame – takes a unique perspective to global […]
The Arab Monetary Fund (AMF) is keen to support the efforts of its member countries to implement economic, financial and structural reforms, in face of various challenges, through a number of means, including financing the needs of the balance of payments and public budgets, and financing trade through its affiliate the Arab Trade Financing Program, in addition […]
