Logo

Money

9 in 10 Companies Fail to Achieve Proper Cybersecurity Culture

With cybersecurity threats continuing to escalate worldwide, the ISACA/CMMI Institute Cybersecurity Culture Report found that just 5 percent of employees think their organization’s cybersecurity culture is as advanced as it needs to be to protect their business from internal and…

Transferring Large Sums of Money to and from the UAE

The unique positioning of the United Arab Emirates in the world of business and trade is undeniable. The UAE is a genuine business hub that go above and beyond its strategic location. It has to do with the lack of…

Jack Ma Outlines Succession Plan for Alibaba in Powerful Letter

Alibaba Group Holding Limited (NYSE: BABA) today announced that one year from today, September 10, 2019, chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board of Alibaba Group. Mr. Ma will continue as executive chairman…

I Squared Capital Makes A Big Statement with $7 Billion Global Infrastructure Fund

I Squared Capital, a leading global infrastructure investment manager, has closed its ISQ Global Infrastructure Fund II at the $7 billion legal cap, exceeding an initial target of $5 billion. The fund received commitments from over 100 institutional investors with…

WeWork Announces $500 Million Series B Investment in WeWork China

WeWork Companies (“WeWork”) today announced a $500 million Series B investment in WeWork China led by Trustbridge Partners (“Trustbridge”), Temasek, the SoftBank Group (“SoftBank”), the SoftBank Vision Fund (“Vision Fund”) and Hony Capital. This funding will accelerate WeWork’s growth in…

Security Vulnerability Concerns Skyrocket as Neustar’s International Cyber Benchmark Index™ Hits Record High

Neustar®, Inc., a trusted, neutral provider of real-time information services, today released two new cybersecurity reports, reconfirming the need to take action in the face of increasing cyber threats. Both reports, The International Cyber Benchmarks Index and The Changing Face…

Robots Taking Your Jobs: Automation Is Taking The GCC by Storm

The Gulf region’s automation industry is on track for double digit growth over the next five years, as recovering oil prices and government economic diversification plans boost demand for industrial and building automation technologies, according to new research. A July…

QNB Group Posts Almost 2 Billion USD Net Profit for First Half of 2018

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the six months period ended 30 June 2018.  For the first half of 2018, Net Profit reached QAR7.1 billion (USD1.9 billion), up…

Nortal and Al Maskari Holding Partner to Boost Digital Transformations in UAE

Nortal, a multinational strategic change and technology company, and Al Maskari Holding (AMH) signed a cooperation agreement in June 2018 to introduce in the United Arab Emirates Nortal’s unique experience in creating change in governments, as well as businesses, with…

The Bodrum EDITION Redefines Luxury with a New Kind of Resort

From the next chapter in the growing EDITION legacy comes Ian Schrager’s latest visionary concept: The Bodrum EDITION. Schrager, in partnership with Marriott International, acts to redefine the contemporary luxury hotel experience with his expanding global influence. Bringing a new…

Hertz Announces Exclusive Lease Deals On New Toyota Models

Hertz UAE, a part of the Al-Futtaim Automotive Group, launched a one-month-long lease promotion exclusively for five new Toyota models. The promotion offers individual and corporate customers a cost effective single stop solution to enjoy the benefits of driving a…

Sacoor Brothers to Officially Dress Cristiano Ronaldo and Portuguese National Team

Sacoor Brothers is the new official fashion partner of the National Football Team of Portugal and The Portuguese Football Federation staff, becoming the formal fashion partner of the Portuguese delegation that traveled to Russia for the World Cup. The agreement…

ADNOC Announces Massive $45 Billion Investment Plan

The Abu Dhabi National Oil Company (ADNOC) today unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player. The plans were unveiled at the ADNOC Downstream Investment Forum, which…

RTA Opens Registration for the Dubai World Challenge for Self-Driving Transport

The Roads and Transport Authority (RTA) in Dubai opens today, May 1st, 2018, the registration for the Dubai World Challenge for Self-Driving Transport through the website www.sdchallenge.com. HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors…

Al Kasir Group launches Diamond Trading on Blockchain

Members of the Private Office of H.H. Sheikh Ahmad Bin Obaid Al Maktoum, AL KASIR JEWELLERY TRADING and AL KASIR PORTAL announced the launch of Diamond Trading on Blockchain with three Diamond-backed Blockchain-Assets. These Assets are stored in highly secure…

Show You Care: 5 Tips for Taking Care of Your Luxury Car

There’s nothing quite like the look and feel of a luxury car. The roar of the engine, the power you feel as you rip along the road and the stunning paintwork too. And while luxury cars do require more maintenance…

UAE Cybersecurity Startup VUL9 to Jointly Service Government of Sudan with NCTR

On April 3rd, UAE based cybersecurity company VUL9 Security Solutions signed an MoU with Sudan’s Nile Centre for Technology Research, in preparation for a comprehensive partnership that will see the two entities work closely on revamping cybersecurity efforts across government…

From Millionaire to Billionaire – The Journeys Of The Super Rich

Earlier this month Forbes released ‘The World’s Billionaires 2018’ and with over 2,000 people now being part of the three comma club, we wanted to take a dive into the data behind the billions… From Millionaire to Billionaire explores the…

How to Earn Money While You Travel

Have you ever wondered how your friends from school or the people who run the leading travel blogs get to travel the world without seemingly have to work a conventional 9-5 job? Well, whether you’re travelling alone, in a couple,…

Emirates NBD and Dynamics Partner to Introduce UAE’s First Battery-Powered Interactive Payment Card

Dynamics Inc. and Emirates NBD, a leading bank in the Middle East and a front-runner in digital banking solutions today at the 2018 Consumer Electronics Show (“CES”) announced plans to introduce the first battery-powered, interactive payment cards to the United…