Multiply Group (ADX: Multiply or the “Group”), a technology-enabled holding company listed on the Abu Dhabi Securities Exchange (ADX), has reported a net profit of AED 225.2 million for the financial year ending December 31, 2021, derived from income recorded since its inception in July 2021. The Group, which is reporting its first financial partial […]
Looking to cement its position as an industry innovator, ALEC, a part of the Investment Corporation of Dubai (ICD), has set out an ambitious strategy to accelerate the ongoing digitisation of its operations. In line with this objective, the company today announced the appointment of Andy Boutle as its Head of Digital Construction. In this […]
Empyre Communications Dubai’s creative boutique PR & Communications agency, which oversees a portfolio of clients from F&B, hospitality, lifestyle, and corporate, has announced the latest addition to its PR clients, Dukkantek. Founded by young, visionary entrepreneurs, Dukkantek is the UAE’s first and only revolutionary store management platform and aims to empower traditional merchants and dark […]
Emirates NBD, a leading banking group in the MENAT (Middle East, North and Turkey) region and a Premier Partner and the Official Banking Partner for Expo 2020 Dubai, has unveiled a new ‘Future of Investing’ experience at ‘Future Banking by Emirates NBD and Emirates Islamic’ at Expo 2020 Dubai. The exhibit continues the banking group’s […]
Check Point® Software Technologies Ltd., a leading provider of cyber security solutions globally, has released findings from a new assessment carried out amongst 1,200 IT security professionals globally, which examines how the shift to remote work changed organizations’ security practices around users, devices, and access. As the threat landscape evolves and cyber-attacks become increasingly more […]
Dubai International Chamber’s board of directors recently approved a new strategy for the next three years (2022-2024), which aims to strengthen Dubai’s position as a global trade hub, attract multinational companies to the emirate and support local companies with international expansion. The virtual meeting was led by His Excellency Sultan bin Sulayem, Chairman of Dubai […]
The UAE cut its working week to four and a half days, moving its weekend from Friday-Saturday to Saturday-Sunday, in a major shift designed to align business with western makers and improve work-life balance. The study – based on the views of 1,000 people in the UAE- revealed more than half (53%) of United Arab […]
Assets under management (AUM) in Islamic mutual funds have increased substantially, says Fitch Ratings in a new report. AUM peaked at end-2Q21 at around USD130 billion, before falling to around USD120 billion at end-2021. Fitch estimates that the growth rate of Islamic funds (84% nominal/13% annualised) has exceeded that of the broader global mutual fund […]
The winners of the latest Siemens MindSphere Future World Series hackathon challenges were announced today (9 February) at Expo 2020 Dubai. After four days of coding, mentoring and working on apps, the teams – who came from start-up companies around the world – made their final pitches, before judges presented the winning teams with certificates at […]
Enterprises in the United Arab Emirates (UAE) have taken significant strides towards providing better health and well-being benefits to employees post-COVID, new research by Aetna International reveals. However, the study which polled over 1,000 employees across the UAE shows that work remains to be done to improve internal communication among some organizations and their workforces, […]
