The Sharjah Chamber of Commerce and Industry (SCCI) held discussions with the commercial office of the Consulate General of the United States … Keep Reading
- DXH SmartCare Aims to Coordinate a Seamless Journey for Health Tourists in Dubai
The Health Bank in partnership with Dubai Health Experience (DXH) a brand conceived by the Dubai Health Authority which aims to strengthen the position of Dubai and health tourism on the world map announced the launch of DXH SmartCare. DXH SmartCare will serve as a one-stop shop for health tourists to attain seamless healthcare coordination, second medical opinions, flight bookings, visas, accommodation, airport transfers, leisure activities and post treatment support.
Dubai offers unparalleled access to the best in health and wellness experiences combined with world-class hospitality and integrated services along with many tourist attractions.
Commenting on the launch of DXH SmartCare, Raza Jafar, Chairman of Health Bank said, “The Health Bank offers access to high quality end-to-end services with excellence in customer care, through an impressive and extensive partner portfolio. With today’s busy lifestyles, the surplus of information available online and the variety of options available across specialists and treatments, it can be overwhelming to make the right decisions and coordinate a treatment plan.”
“DXH Smart Care aims to deliver optimum experiences for health tourists by establishing a regulatory framework that not only protects the rights of the medical tourists, but also offers accreditation and coordination between service providers, ensuring the highest international standards of quality and excellence.” Add Jafar.
Health tourists coming to Dubai for treatment will have a proficient team assisting them with cost comparisons, finding the right specialist and managing appointments, to ensure ease of travel. SmartCare services will accompany health tourists along the entire journey offering comprehensive services for patient convenience including visa processing, flight and hotel bookings and logistics coordination. Health tourists can have their medical, dental, aesthetic or wellness journey mapped out even before they travel.Email This Post
- Renowned regional law firm, BSA Ahmad Bin Hezeem & Associates LLP, introduce the firm’s second foreign desk in a market leading affiliation with Spanish based law firm, Lupicinio International Law Firm
BSA Ahmad Bin Hezeem & Associates LLP is delighted to announce the unveiling of its latest venture, a Spain & Latin America Desk, a collaboration between BSA and eminent Spanish law firm, Lupicinio International Law Firm.
BSA is committed to strengthening its international practice with the foundation of its Spain & Latin America Desk to provide guidance to international institutions, companies and Spanish speaking clients interested in investment projects in the MENA Region.
This dynamic new venture came to fruition in response to growing client demand for Spanish speaking lawyers and aims to provide on the ground access to expert legal advice for Spanish and Portuguese speaking individuals and companies throughout the MENA Region.
LILF’s Eduardo Delage will head the Desk from BSA’s DIFC office. Eduardo specializes in advising clients involved in international activity on a range of multi-jurisdictional corporate law matters. He is extensively skilled in advising foreign companies in establishing a presence in the Middle East.
Jimmy Haoula, BSA Managing Partner commented, “We are pleased to announce our collaboration with Lupicinio International Law Firm. Following the highly successful introduction of our French Desk in 2015, the first of its kind in the region, we are eager to duplicate this practice for our Spanish speaking clients. We handpicked Lupicinio International as our partner in this venture owing to their experience, spanning over three decades, and encompassing extensive international activity in areas such as Banking & Finance, Corporate M&A, Normative Compliance, Data Protection, Energy, and Pharmaceutical and Chemical Law.”
BSA Senior Partner, Dr. Ahmad Bin Hezeem added, “We remain committed to offering the best international legal services to our clients, both existing and new. After meeting with the Lucipinio team in Madrid, I am convinced that they can provide unrivalled legal advice to our clients. Their team of professionals regularly advises on commercial and financial transactions and conflicts in Latin America. They have successfully resolved legal issues in Argentina, Bolivia, Chile, Colombia, Costa Rica, Mexico, Peru and Venezuela to name but a few. We are excited to have this level of expertise at our disposal to provide top-tier legal advice to our growing client base.”
BSA greatly looks forward to assisting Spanish speaking clients by offering effective and personally tailored legal advice regarding business operations in the Middle East. Our expert lawyers are also on hand to assist clients with a full spectrum of legal issues they may encounter while doing business in Spain and Latin America.Email This Post
- Global fintech innovation showcase opens in Dubai
More than 400 leaders in the industry of fintech have gathered in Dubai today to showcase innovation in their sector, highlighting the future of fintech for the global and regional markets.
Held in partnership with the UAE Ministry of Finance, and showing off the latest products in action as well as boosting the UAE as an international hub for fintech, FinovateMiddleEast opened today (26 February) and runs for two days at the Madinat Jumeirah Conference Centre.
H.E. Obaid Humaid Al Tayer, UAE Minister of Finance underlined the Ministry’s commitment to the government’s vision to reduce the use of oil and move towards an economy of knowledge, based on innovation and creativity, for example by maximising the use of Blockchain technology.
He said: “The Ministry of Finance continues to support and encourage innovation, and provide the right environment in which it can flourish. Our efforts sit within the framework of the national innovation strategy, contributing to the UAE Vision 2021. We support the efforts to see the UAE government recognised as the world’s most innovative and we continue to nurture innovation by adopting innovative business mechanisms and funding innovators in various fields.”
The event has brought together early-stage start-ups, leading established companies, media, financial service institutions and funders drawn by the opportunity to see the future of fintech both regionally and globally.
Heather Stowell, Vice President of Finovate, a company with a large portfolio of events spanning across the globe, said. “We are really excited about bringing together start-ups, leading established companies, media, financial service institutions and funders to discuss the future of fintech.
“The UAE Ministry of Finance is exploring how the region is leading the way in innovation and smart technology and providing their perspective on the future of fintech globally.”
The event’s congress brings the biggest and best global names in fintech to Dubai from countries such as Australia, China, India, Malaysia, UAE, UK and beyond.
Keynote speakers over the two days include: Ruth Wandhofer, MD, Global Head Regulatory and Market Strategy, Citi; Mike Cunningham, CEO, Clearly; Bryan Stirewalt, Managing Director, Supervision, DFSA; and Sameer Singh Jaini, Fintech Asia top 100 influencer and CEO, Digital Fifth.
Paul Schulte, Founder of Schulte Research and a speaker at the event said: “Blockchain will change the way we understand companies, nation states and the current financial arrangement. Those incumbents who do not aggressively change will be mowed over by innovative centres in places like Shenzhen, Seoul, UAE and Singapore. Be aware.”
Other experts delivering sessions are: Jim Marous, Author and Publisher, The Financial Brand and the Digital Banking Report; Mark Hewlett, Head of Commodities, Ebury; Zhi Ying Ng, Senior Analyst, Forrester; Devie Mohan, CEO, Burnmark; Farrukh Habib, Researcher, International Shariah Research Academy for Islamic Finance (ISRA); and Steve Naude, Head ME and Africa, TransferWise.
Exploring three principal areas in fintech including financial inclusion, emerging technologies (application of AI and Blockchain technology) and how banks and fintechs can work better together, the event will focus on how the UAE is transforming from an oil-dependent economy to one led by fintech.
Other prominent topics throughout the two days include a case study on an interbank Blockchain pilot featuring India and the UAE, how to reap the benefits from the changing environment in banking, how Malaysia is building a cryptocurrency and how banks and fintechs are working together in India.
Widely recognised as a landmark year for investing in financial technology in the Middle East, 2017 paved the way for more investment opportunities, acquisitions and partnerships over the next 12 months.
The leading financial centre for the MEASA and one of the world’s top 10 FinTech hubs, the Dubai International Financial Centre (DIFC), was out in full force to showcase their initiative to support and cultivate financial tech in the Middle East.
Raja Al Mazrouei, Executive Vice President, FinTech Hive at DIFC, said: “FinTech Hive at DIFC, the first FinTech accelerator in the region, is one of the initiatives for incubating and accelerating these ideas. We are proud to be a platform for start-ups and entrepreneurs with disruptive ideas to thrive alongside the community of established financial services, insurance and professional services firms.”
Prominent companies such as EbankIT, munnypot, Dorsum, New Bridge, efigence, Ondot, RISQ, Wealth Migrate and ZagTrader are set to showcase and demonstrating their latest tech and products to delegates on the show floor.
Additionally, FinovateMiddleEast’s signature 7-minute demos are a core feature of the show with start-ups and established companies delivering live demonstrations of their latest fintech innovations.
With over 40 marketing sponsors, FinovateMiddleEast is supported by strategic partner: the UAE Ministry of Finance; platinum sponsor: UAE Exchange; silver sponsor: Temenos; and bronze sponsors Loxon Solutions, Ortec Finance and Plug & Play.
Finovate has established itself as the leading showcase for fintech innovation around the world, with five locations – New York, Silicon Valley, London, Hong Kong and Dubai. For more information please visit: finance.knect365.com/finovate-middle-east/.Email This Post
UAE is ranked no. 1 for the highest Fiber to the Home (FTTH) penetration among all its global counterparts for a second year in a row, according to the leading industry body FTTH Council.
The council published its annual report recently that highlighted UAE with a coverage of 94.3 percent compared to countries such as Singapore (90.3 percent), South Korea (81.6 percent), Hong Kong (75.6 percent) and Japan (69.1 percent).
Saleh Al Abdooli, CEO, Etisalat Group, said: “Our network is a backbone to our long-term strategy as a company to enable and drive digital transformation across our network. Today’s announcement signifies that we have maintained consistent leadership globally in FTTH penetration setting a benchmark in the global telecom industry. This achievement was only possible due to the continuous support and vision of the leadership of UAE in the development and modernisation of the infrastructure.
“Etisalat invested more than AED 31 billion in the network infrastructure. This has led to the launch of innovative services meeting the growing demand and changing requirements of our customers across the country.”
With Etisalat’s corporate strategy focused on ‘Driving the Digital Future to Empower Societies’ the network forms a significant component of this digital transformation journey. Etisalat has continuously focused on investing in innovation and on next generation technologies and services to expand and enhance the network.
In today’s connected world, with the greater need for computing and connectivity capabilities such an advanced network also enables the implementation of futuristic technologies like augmented reality, robotics and artificial intelligence. For enterprises, cloud plays a pivotal role in digital transformation requiring a network that will support advanced use cases, applications and technologies.
Consumers are also able to experience high performance and capabilities required in advanced gaming, streaming, applications and entertainment with a high-speed network today, which is at 1GBps for Etisalat eLife customers. eLife TV also includes the country’s widest portfolio of on-demand movies and TV series with 150 TV channels in High Definition.Email This Post
- TrustCall Native for Samsung boasts the only secure communications solution native to standard smartphones for business users, to be demonstrated in the Samsung booth at MWC
KoolSpan, the leading provider of encrypted secure voice and messaging solutions for smartphones, has partnered with Samsung to provide TrustCall Native for Samsung; the only solution providing native dialer integration on Samsung devices. Samsung is demonstrating TrustCall Native for Samsung at MWC in their booth.
Attacks on mobile communications have increased globally as criminals, hackers and governments intercept calls and messages by exploiting vulnerabilities in mobile internetworking protocols. US Government organizations including U.S. Department of Homeland Security (DHS) and Federal Communications Commission (FCC) and cybersecurity experts recommend end-to-end encryption for all calls and messages.
The challenge organizations face is the tradeoff between security and ease of use; with people usually choosing convenience over security. For security adoption to be successful, it must be convenient, easy to use, transparent to end users, and automatic. People should not have to decide to call securely; it should happen automatically.
“We’re excited to partner with KoolSpan, which enables us to implement secure communications on Samsung smartphones,” said Mike Kazmierczak, Samsung B2B Business Development Manager, Mobile B2B Team, EMEA. “TrustCall Native, one of KoolSpan’s flagship products, is the best example of the universal understanding that security is only as good as it is easy to use.”
In response to market demand from business users, KoolSpan has developed native integration on Samsung devices, whereby secure communications happen automatically. TrustCall integrates with Samsung native functionalityi for phone, messaging and contacts, providing security by default. Whenever people call or text using their TrustCall Native enabled Samsung phones, end-to-end encryption is applied automatically.
“We’re excited to partner with Samsung to provide secure communications natively on Samsung phones,” said Chief Product Officer of KoolSpan, Julie Holdren. “For the first time, business users can leverage Samsung smartphones, taking advantage of the Samsung features, while automatically securing their calls and messages. Secure communications are integrated with the phones, seamlessly and transparently to end users.”Email This Post
During UMEX 2018 in Abu Dhabi, Milrem Robotics introduces the next generation THeMIS unmanned ground vehicle intended specifically for desert terrain and hot climates that is also equipped with autonomous capabilities.
After IDEX 2017 where the THeMIS was exhibited last, the vehicle stayed in the Emirates and went through rigorous tests in the desert climate and terrain. Knowledge gained from those tests have been incorporated into the new version of the THeMIS, internally designated the Type 4.
The new THeMIS is 30 cm longer and has significantly better traction in desert conditions as well as better cooling systems. The vehicle has a larger payload area that can be used to carry different remote weapon systems, surveillance and C-IED equipment etc.
Weapon systems integrations have already been done together with Singapore Technologies Kinetics, Aselsan and FN Herstal.
The company has also developed the autonomous control system for the vehicle, specifically with waypoint navigation. This feature allows the UGV to follow a predetermined path without the need for the operator to control it.
This would make the UGV ideal for perimeter patrol, especially when equipped with a remote weapon station that, in addition to detecting enemy forces, makes it possible to take immediately action against them. The system can simultaneously send crucial surveillance data back to the headquarters and forces inside the perimeter.Email This Post
- INPEX contributes AED 2.2 billion participation fee for Lower Zakum and AED 920 million to extend its interests in the Satah and Umm Al Dalkh concession
- 40-years Lower Zakum concession award further strengthens strategic relationship between the UAE and Japan, and underscores international confidence in ADNOC’s long-term strategy
- Agreement increase’s ADNOC’s foot-print in world’s third largest economy and helps meet Japan’s energy needs
- Lower Zakum is one of three new separate concession areas that make up the former ADMA offshore concession
The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Japan’s INPEX CORPORATION (INPEX) awarding the company a 10 per cent interest in Abu Dhabi’s offshore Lower Zakum concession. A wholly-owned INPEX subsidiary, JODCO Lower Zakum Limited, will hold and manage the interest in the concession on behalf of INPEX.
The agreement, which comes into effect on March 9 and has a term of 40 years, was signed by H.E. Dr Sultan Ahmed Al Jaber, ADNOC Group CEO and member of Abu Dhabi’s Supreme Petroleum Council and Toshiaki Kitamura, President and Chief Executive Officer of INPEX. At the same time INPEX’s stakes in Abu Dhabi’s Satah and Umm Al Dalkh concession have been extended for 25 years. INPEX maintains its 40% stake in Satah and increases its Umm Al Dalkh share from 12 per cent to 40 per cent.
INPEX has contributed a participation fee of AED 2.2 billion (US$ 600 million) to enter the Lower Zakum concession, which will be managed by ADNOC Offshore, a subsidiary of ADNOC, on behalf of all concession partners. INPEX has also paid AED 920 million ($250 million) to extend its interests in the Satah and Umm Al Dalkh concession.
INPEX joins the ONGC Videsh led Indian consortium as a partner in the Lower Zakum concession.
Lower Zakum is one of three new separate concession areas that make up the former ADMA offshore concession, which is being split into three separate concession areas to maximise commercial value, broaden the partner base, expand technical expertise, and enable greater market access.
H.E. Dr Al Jaber said the agreement with INPEX underscores the important strategic economic relationship between the United Arab Emirates and Japan. “For over 40 years, INPEX, along with its subsidiary JODCO, has been a strategic partner to Abu Dhabi and ADNOC. Together with our other partners, it has played an important role in the development of our offshore, and onshore, oil and gas assets. This agreement extends that long-standing partnership between one of the world’s leading oil and gas resource holding countries and the third largest global economy, and represents an attractive and strategic opportunity for both parties that will deliver mutual benefits.
“As we accelerate delivery of our 2030 smart growth strategy, ADNOC aims to seize new opportunities from increasing energy demand in Asia’s expanding economies. Once again this agreement demonstrates the international market’s confidence in ADNOC’s long-term production targets and our plans to maximise value from our offshore resources.”
JODCO’s involvement in the oil and gas industry in Abu Dhabi started in 1973 with its participation in the Umm Shaif and the Lower Zakum fields, within the Abu Dhabi Marine Areas (ADMA) concession. JODCO joined in the development of three other offshore oil fields, the Upper Zakum field in 1977, Umm Al Dalkh in 1978 and Satah in 1980. Successful production from these three fields began during the 1980s. INPEX became the sole shareholder in JODCO in 2004.
Kitamura said: “This agreement ensures INPEX continues to enjoy access to significant, competitive and reliable resources that we understand very well. The agreement results, in part, from the unwavering long-term partnership that INPEX has built and maintained with Abu Dhabi over more than 40 years, and demonstrates INPEX’s long-term commitment to the further development of Abu Dhabi’s energy industry over the next several decades.”
As well as its stake in the Lower Zakum concession, INPEX has a 12 per cent stake in ADNOC’s Upper Zakum concession. In November, the Upper Zakum concession partners announced an agreement to increase production capacity of the oil field to 1 million barrels per day by 2024. In 2015, INPEX acquired a 5 per cent participating interest in the ADCO Onshore Concession, now operated by ADNOC Onshore.
Japan is heavily reliant on crude oil imports from the Middle East, with the UAE providing 25 per cent of the country’s requirements.
ADNOC is finalizing opportunities, with potential partners, for the remaining 20% of the available 40% stake in the Lower Zakum offshore concession, earmarked for foreign oil and gas companies.Email This Post
ENOC won the Retail Sector Customer Excellence Award in recognition of the Group’s retail operations at the 12th Middle East Customer Service Excellence Award ceremony held in Dubai in the presence of government and industry leaders.
Part of the Middle East Excellence Award Institute established in 1993, the Middle East Customer Service Excellence Award highlights the achievements of government and private entities across the Middle East who have provided exceptional customer services in line with the latest smart government strategies and guidelines.
Across its retail network of 116 stations in the UAE, the Group has deployed a host of innovative initiatives that contribute to enhancing energy efficiency. These include PV panels to power the stations, the installation of Variable Refrigerant Flow (VRF) technology, the Vapour Recovery System, Advanced Dispenser System, Advanced Fuelling System, Ozone-Free Refrigerant, Motion Sensor LED Lighting, Electric Vehicle Chargers, usage of recycled water for car wash, digital wall displays and a variety of smart payment methods within its operations.
The award had several strict criteria for the nominations including having demonstrated excellence in infrastructure and technology development, innovative communication strategies to bridge the gap between the organisation and customer, connectivity and use of Smart strategies to provide an outstanding customer experience, commitment in delivering superior customer service and the use of technology in accordance with the highest standards of efficiency and quality standards.Email This Post
- Company to demonstrate top-notch features & functionalities at Abu Dhabi Air Expo 2018
Atlas Aerospace, the new aerospace arm of Atlas Group, is all set to highlight the state-of-the-art capabilities of its aviation universal training simulator during its first participation at the Abu Dhabi Air Expo 2018. Atlas Aerospace is a UAE-owned aircraft systems integrator established to address the local and regional demand for aircraft modification and transformation. Its latest training simulator, who had its first debut at the Dubai Airshow 2017 and was designed to showcase different helicopters types, was now modified to showcase commercial aircrafts.
The Air Expo, which is being held at Al Bateen Executive Airport from February 26 to 28, 2018, will provide Atlas Aerospace with an ideal opportunity to demonstrate the system’s newly improved features and functionalities. The highly adaptive and reconfigurable training simulator follows one generic structure concept for use of every type of aircrafts and helicopters.
The system boasts an unlimited software platform to follow aviation market evolutions with its cockpit made of touchscreens. The flight controls are its only hardware parts which can easily be changed or modified. The parts such as touchscreen and flight controllers will also be readily available in the region.
Additionally, the system can be used for different types of training, flying and non-flying crews, such as cockpit familiarization; avionics and systems learning; new functionalities discovering; and procedures rehearsals.
Professor Imad Victor Lahoud, Managing Director, Atlas Aerospace, said: “The feature-rich and well-designed aviation universal training simulator, which is easily transportable due to its small size, is part of our commitment to provide advanced, reliable, and cost-efficient products in support of the MENA region’s expanding innovation- and technology-driven aerospace industry. As we strive to provide outstanding client experience and satisfaction, we assure that we will continuously engage in important product developments and innovative ventures to contribute to the sector’s expansion.”
“The Abu Dhabi Air Expo will not only enable us to demonstrate our technical expertise in a global setting but it will also allow us to illustrate our commitment to create technology-driven products critical to building a safe and secure defense and aerospace industries,” Professor Imad Victor Lahoud added.Email This Post
- New all-electric I-PACE to be unveiled on Jaguar social channels in live global broadcast at 18:00 GMT on 1 March
- I-PACE is Jaguar’s first electric vehicle and the newest member of the PACE family
- Official public debut of I-PACE will be at the Geneva Motor Show on 6 March
- Watch the live I-PACE reveal on 1 March here
Jaguar will livestream the global premiere of its first electric vehicle (EV), the I-PACE, at 19:00 CET on 1 March.
The I-PACE is Jaguar’s newest member of the PACE family and is the EV drivers have been waiting for, delivering sustainable sports car performance, all-wheel-drive agility and five-seat SUV practicality.
Ian Callum, Jaguar Director of Design, said: “Since revealing the I-PACE Concept in 2016, we have been counting down to this moment. The all-electric I-PACE is not only a pioneer within our business, it promises to revolutionise the industry. Never before have I been so excited for a launch – the world is watching with great anticipation and I cannot wait for the world to see everything we have achieved with this car.”
The I-PACE will be capable of rapid charging from zero to 80 per cent in 45 minutes* and has been rigorously tested across extremes of terrain and temperatures from -40°C to 40°C.
With over 1.5 million test miles and a further 11,000 hours of rig simulations completed by more than 200 production prototypes, Jaguar’s design and engineering teams have created a world-class all-electric SUV.
I-PACE is expected in selected MENA markets from late 2019 with wider roll out planned in 2020
The official public debut of I-PACE will be at the Geneva Motor Show on 6 March.Email This Post