NBF achieved a net profit of AED 90.4 million for the nine month period ended 30 September 2021, an increase of 36.4% over the corresponding period of 2020 driven by improving underlying business momentum and good progress across the bank’s digitalization program. The net profit was substantially higher by 1,063.3% for the three month period […]
Earlier this year, Microsoft patented conversational AI technology that can preserve personas of the deceased through chatbots, in an effort that appeals to the softer side of human beings. Stonses, a Dubai-based startup, has similarly launched a blockchain-powered platform, one that will enable users to preserve memories of their loved ones in a digital format. […]
To support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related disruptions, IFC today announced an investment for the National Bank of Iraq (NBI). IFC’s $10 million loan to NBI will allow the bank to increase lending to small businesses in Iraq across a range of sectors. IFC will also […]
The COVID-19 pandemic has drastically changed the way we live, work, and play. One major impact of social distancing control measures that has affected both businesses and consumers alike is the restriction on meetings and travel. Be it for business or leisure purposes, there has been a global pivot towards virtual platforms to facilitate discussions […]
The 2021 Global Talent Competitiveness Index (GTCI) report shows Switzerland, Singapore and the United States continue their strong lead in talent competitiveness. Published by INSEAD and the Portulans Institute, this year’s rankings see European countries dominating the top positions with 17 of them in the top 25. One notable mention is France (19th), which enters the Top 20 this year with its highest position ever. Outstanding […]
TerraPay, a global payments infrastructure company, today announced the partnership with LuLu International Exchange, part of the LuLu Financial Group- a leading global financial services provider. This strategic collaboration will enable LuLu’s customers to network key global corridors such as USA, Canada, the subcontinent countries, key African countries like Kenya, Tanzania, Ghana, Uganda, Nigeria, China, Vietnam, Indonesia, Europe with SEPA payments and the United Kingdom to receive secure and […]
GEP®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced today that AXA GULF — one of the largest international insurance players in the GCC — has selected GEP SMART™, the industry’s leading procurement software platform, following a competitive selection process. GEP SMART™ will enable AXA GULF to […]
As cities struggle to emerge from a tumultuous year, the 2021 Global Cities Report by Kearney offers key insights on how COVID-19 and the resulting pandemic containment measures have impacted the level of global engagement of 156 cities around the world. Comprised of the Global Cities Index (GCI) and the Global Cities Outlook (GCO), the report reveals […]
The European Union (EU) has held a high-level global forum to accelerate women’s empowerment and to discuss best policy practices to enhance women’s participation in the labour market of the 21st century. The conversation brought together distinguished political, business and society leaders who are bringing about positive change in their communities around the world. Several prominent […]
HRH the Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has today announced a series of regional programs for climate action to an audience of dozens of heads of state from across the MENA region at the Middle East Green Initiative Summit in Riyadh. Speaking during the event, HRH the Crown Prince said: “The […]
