DUBAI: Emirates Development Bank (EDB) held a signing ceremony on February 4th in the presence of H.E. Obaid Humaid El Tayer, Minister of State for Financial Affairs and Chairman of Emirates Development Bank, and members of the EDB Board of Directors for the launch of the new Credit Guarantee Scheme, amounting to AED 100 million in support of SMEs. The …

KARACHI: Ms Shazia Syed, Chief Executive Officer, Unilever Pakistan Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2019 term. This was announced at the 159th Annual General Meeting of the OICCI held at the Chamber on Thursday, January 31, 2019. Mr. Shazad G. Dada, CEO Standard Chartered Bank of Pakistan, was …

DUBAI: Business owners and professionals in the UAE should be fully aware of local laws that apply to franchising activities and related risks before entering into franchise agreements, according to legal experts who led a workshop in Dubai which was organised by Dubai Chamber of Commerce and Industry in cooperation with The Jorgensen Law Firm PLLC and Hoda Barakat Legal …

DUBAI: dnata, one of the world’s largest air services providers, continues to drive innovation in the Middle East aviation industry by launching a new resource management system in Dubai.  The new system, which includes a leading-edge software platform and advanced analytic tools, will help the company optimise operations and efficiently manage its 20,000 employees and resources at Dubai International Airport …

By Anne Laure Malauzat, Principal at Bain & Company Middle East ABU DHABI: Global management consultancy firm Bain & Company has identified seven new trends that are set to define the future of luxury. The company, which has recently released the 17th edition of its ‘Bain & Company Luxury Study,’ has shared that the global luxury goods market demonstrated positive …

By Jameel Chahal, Sales Director, ProTenders For anyone who has ever worked in business development or sales, they will be familiar with the Bob Hooey quote, “If you are not taking care of your customer, your competitor will,” and while that may ring true, this article will focus on the prelude of how to successfully approach and engage a client …

DUBAI: Dubai’s Roads and Transport Authority (RTA) has obtained international certification of its governance standards in accountability & monitoring, rendering them compatible with the highest international audit standards. The certificate has been awarded by the UK-based American PricewaterhouseCoopers (PwC); an internal audit specialist of government entities. HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of …

DUBAI: Dubai World Central (DWC) welcomed a total of 900,000 passengers in 2018 (-0.5%) following a surge in customer numbers in Q3 (+26.1%) and moderate growth in Q4 (+3%) last year, thanks to the launch of new services from scheduled and charter carriers during the second half of the year. Top destinations The top regions contributing to growth in traffic …

DUBAI: A major contract to complete 29,000 sqm of public spaces at Expo 2020 Dubai – worth AED 169 million – has been awarded to a UAE-based contractor, reinforcing the World Expo’s commitment to support Emirati companies and create a long-term positive impact on the country’s economy. Arabtec Construction has secured the contract, which includes a 5,000 sqm water feature, restaurants, utilities and …

KUWAIT CITY: Copthorne Kuwait City Hotel has won 8 awards in the Hospitality Salon Culinaire competition held during the 8th edition of Horeca Kuwait 2019 exhibition from 14th -16th January 2019. The contest among Kuwait’s leading hotel and restaurant chefs lasted for three days and included a variety of activities such as live cooking competitions that ranged from appetizers, desserts, hot and cold beverage …