Business View all






All-Emirati crew claim commanding race win while Torrente, Al Qemzi,Al Tayer, Abbate secure title on Necko Lake

Team Abu Dhabi wrapped up their first major powerboat racing title of the season today as Shaun Torrente, Rashed Al Qemzi, Rashed Al Tayer and Italian Tullio Abbate clinched the World Endurance Championships in Augustów, Poland.

This time the honours on the day went to the all-Emirati crew of Majed Al Mansoori, Mohamed Al Mehairbi, Rashed Al Remeithi and Faleh Al Mansoori in Abu Dhabi 36 who recorded a commanding victory in the second of two back-to-back six-hour races to finish runners up in the series.

But sixth place was enough to ensure American Torrente, Emiratis Al Qemzi and Al Tayer and Italian Tullio in Abu Dhabi 35 secured the world endurance crown following their win 24 hours earlier and success two months ago in the 24 Hours of Rouen in France.

They had looked set to complete the series with a 100% winning record after leading comfortably for more than four hours today before being briefly forced out of the race to make technical modifications.

Having shadowed their team-mates in second place virtually from the start, Abu Dhabi 36 suddenly found themselves with a commanding lead and ultimately cruised to victory by 19 laps from the Navikart Soliodaires French crew of Sebastien Lemoine, Olivier Betin and Stephane Lemoine

Russians Konstantin Ustinov and Dimitry Vandyshev and Lithuania’s Edgaras Riabko in Nollet 2 were third another five laps behind.

While these are still early days in the season, the result in Poland underlines the prospect of four world powerboat racing titles ending up at Abu Dhabi International Marine Sports Club.

Ten-times former F1H20 world champion Guido Cappellini, who recently signed a new long-term contract to guide the fortunes of Team Abu Dhabi until 2025, certainly believes the quadruple is possible.

He has already seen reigning world champion Torrente set the pace in this year’s F1H20 series while Rashed Al Qemzi has taken an immediate lead in the UIM F2 championship.

From Poland Cappellini quickly switches focus to the UIM XCAT World Championship in which Torrente and Faleh Al Mansoori begin their title defence in Stresa, Italy next weekend.

Email This Post Email This Post


24 Hours of Rouen winners dominate first six-hour race on Necko Lake

 Team Abu Dhabi took a big step towards their first world powerboat racing title of the season today by dominating the opening leg of the Necko Endurance race in Augustów, Poland.

The combination of Shaun Torrente, Emiratis Rashed Al Qemzi and Rashed Al Tayer and Italian Tullio Abbate in Abu Dhabi 35 strengthened their grip on the World Endurance Championships with victory in the first of the weekend’s two back-to-back races.

The result puts them in a commanding position to secure the world endurance crown if they can avoid any mechanical failures or major mistakes in the second six-hour race getting under way at 11am local time tomorrow.

Meanwhile, a fourth place finish on the Necko Lake today means the all-Emirati crew of Majed Al Mansoori, Mohamed Al Mehairbi, Rashed Al Remeithi and Faleh Al Mansoori in Abu Dhabi 36 can take third overall in the championship with a similar performance tomorrow.

With reigning F1H2O world champion Torrente first in action, Abu Dhabi 35 took an immediate lead when the first race got under way as they looked to build on their impressive victory in the 24 Hours of Rouen in France two months ago.

Only briefly did they lose the advantage towards the half way point, firstly to the Navikart Soliodaires French crew of Sebastien Lemoine, Olivier Betin and Stephane Lemoine and then to
Russians Konstantin Ustinov and Dimitry Vandyshev and Lithuania’s Edgaras Riabko in Nollet 2.

At this point there was often as little as two seconds separating the leaders, but over the last two hours Abu Dhabi 35 gradually eased away to complete 294 laps by the finish, three more than Nollet 2 in second place and third-placed Navikart Soliodaires. Abu Dhabi 36 finished 276 laps in fourth position.

If Torrente, Al Qemzi Al Tayer and Abbate avoid problems tomorrow they will deliver the first of four world powerboat racing titles being targeted this season by Abu Dhabi International Marine Sports Club.

Torrente, who leads this season’s UIM F1H2O World Championship, heads straight from Poland to Stresa, Italy to begin his defence of the UIM XCAT World Championship with Faleh Al Mansoori. Meanwhile Rashed Al Qemzi tops the current F2 standings.

Email This Post Email This Post


in Business by

Dubai World Trade Centre (DWTC) nears the end of H1 2017 with a bustling May events calendar, expecting to welcome over 220,000 visitors this month across 26 industry-leading events across the IT, real estate, energy and retail industries among others. Key mega events scheduled for May include: Automechanika, Gulf Information Security Expo and Conference (GISEC), Internet of Things Expo (IoTx), INDEX International Design Exhibition, The Mobile Show, Middle East Coverings, Offshore Arabia and Beauty World Middle East. DWTC continues to spearhead growth in the region’s MICE sector as popular exhibitions return to the venue, positively impacting the nation’s key-growth sectors.

“Having recently concluded a busy first quarter, DWTC is experiencing an equally eventful Q2 with a robust May schedule that seeds and continues to nurture our very diverse calendar while continuing to impact the nation’s budding MICE industry. DWTC remains a key facilitator of economic growth year round, enabling businesses from around the world to discover new markets and expand their portfolios and prospects. We are off to a great start with the first half of 2017 as we further serve as a catalyst for robust economic development in our region and far beyond,” said Ahmed Alkhaja, Senior Vice President – Venues, DWTC.

In May, delegates and over 6,500 exhibitors from international markets will be attending and partaking in leading exhibitions and conferences where they will be showcasing latest solutions, exchanging ideas, and interacting with industry leaders.

Mega-event The Mobile Show, is the largest mobile technology expo in the region and co-located with Seamless Cards and Payments Middle East, the E-Commerce Show, and Retail Show Middle East. The Mobile Show runs from May 1 to 2, 2017. With over 10,000 attendees, 200+ speakers across 150 sessions and more than 300 exhibitors, the show brings together the brightest minds and latest technologies in enterprise mobility and managed services

For those involved in the automotive aftermarket and service industry, Automechanika Middle East  is set to take place at DWTC from May 7 to 9. This highly anticipated event aims to raise the bar in products, equipment and services available to the industry by bringing in international manufacturers and suppliers together with regional distributors and buyers. Last year, the event welcomed more than 30,000 trade visitors from 138 countries and 25 International country pavilions.

Within the energy and environment industry at DWTC this month is Offshore Arabia Exhibition & Conference running its ninth edition from May 9 to 10 under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. The event brings together over 7000 industry professionals from all over the world to discuss the strategic, operational and technological developments in the MENA region for energy and sea environment.

Another mega event running for the 22nd year is Beauty World Middle East, the largest international trade fair for beauty products, hair, fragrances and wellbeing in the Middle East. From May 14 to 16, the show is expected welcome over 35,000 visitors and over 1,500 exhibitors from 60 countries with thousands of influential trade buyers coming to see the latest beauty trends and exciting new opportunities for their businesses.

With the region’s $170+ billion airport expansion and modernisation plans, the Airport Show & Global Airport Leaders Forum taking place from May 15 to 17, is the ideal platform to gain first-hand industry knowledge and learn about emerging trends. In 2016, the event gathered 7,166 aviation professionals to showcase and discuss airport and aviation-related products and services.

Also set to take place at DWTC this month is the Middle East’s largest cyber security event, the Gulf Information Security Expo and Conference (GISEC) from May 21 to 23. GISEC is expected to welcome over 6000 visitors as well as more than 500 international delegates and 75-plus high-profile speakers from world-leading cyber security entities and organizations. Running concurrently with GISEC is the Internet of Things Expo (IoTx), which will highlight how IoT is poised to play a transformative role in enhancing living standards and improving services for the general public.

With the interiors and design space continuing to grow and draw the interest of hundreds of thousands regionally, Index International Design Exhibition hosted at DWTC from May 22 to 25 remains the biggest sourcing platform for the interiors and design industry across the GCC having drawn a solid footfall of over 34,000 visitors in its last edition in 2016. Hosting over 720 global brands and suppliers from more than 50 countries, Index is the perfect event for architects, interior designers, retail and wholesale buyers, procurement specialists, general managers, developers and project managers.

Also relevant to the regional architecture and design community is Middle East Coverings running concurrently with Index International Design Exhibition from May 22 to 25. Middle East Coverings is the only covering and surface materials event in the Middle East and North Africa. Its goal is to support the architecture and design community to source, learn and discuss the latest covering products and services. Expected to draw over 13,000 visitors, Middle East Coverings includes an Exhibition with more than 250 exhibitors, The Designers’ Forum with over 41 international speakers, CPD Certified Workshops and Seminars with up to 21 industry credit points as well as the Wholesale Buyer Meeting Lounge.

As the month of May draws to an end welcoming the Holy Month of Ramadan, DWTC will host this year’s much-awaited edition of Ramadan Majlis from May 26 until June 25. Having welcomed over 35,000 visitors in 2016, this annual event during Ramadan continues to capture the true essence of Arabian hospitality with a warm ambiance, luxurious setting and a vast array of traditional dishes created by DWTC’s world-class chefs.

Email This Post Email This Post

Smart Dubai delegation visits The Sustainable City in Dubai

in Business by

The Sustainable City, the Middle East’s first fully fledged sustainable development, welcomed a Smart Dubai delegation headed by H.E Dr. Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office. The delegation was greeted by Faris Saeed, CEO of Diamond Developers – the real estate developer behind The Sustainable City – and a number of other senior company officials.

During the visit, H.E Dr. Bin Bishr enjoyed a full tour of The Sustainable City and gained insights into the ongoing phases of development that have brought the community to life, including its five residential complexes and wide variety of facilities. She also received a comprehensive explanation from the company’s officials about the smart technologies used in The Sustainable City’s green buildings, as well as the environmentally friendly technologies used for the development’s power generation, water treatment and urban farming.

Commenting on the visit, Engineer Faris Saeed said: “We are honoured to welcome Dr. Aisha Bint Butti Bin Bishr and the Smart Dubai delegation to our city, which we are developing to support our leadership’s efforts to make Dubai the smartest and happiest city in the world and achieve ambitious transformation based on smart technology.”

Faris added: “We strive to uphold the strategic pillars of the ‘Dubai Plan 2021’ so that The Sustainable City can serve as a home to happy people who are proud to belong to a sustainable community. During the planning stages, we focused on providing a range of smart services that ensure comfort for residents and spread happiness across all parts of the city. By implementing smart sustainability techniques and conserving both water and energy, we have built an iconic vision for future cities all over the world. We are ready to share our expertise to support the development of smart projects in the UAE, the wider region and beyond “.

H.E Dr. Aisha Bint Butti Bin Bishr said: “Collaboration from both the public and private sector has always been a key factor in the success of the Smart Dubai Office. It is very exciting to see developments such as The Sustainable City support the Smart Dubai initiative with its environmentally friendly infrastructure, and we look forward to many more of such developments that will provide more efficient, safe, seamless and impactful experiences to the residents and visitors of Dubai.”

Email This Post Email This Post

Euromoney Emirates 2017 to Showcase Prospects for Innovation-Driven Economy in UAE

in Business by
  • Held under the patronage of His Highness Sheikh Sultan bin Mohamad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah
  • Sharjah Investment and Development Authority (Shurooq) organises industry-leading sessions and panels with renowned regional economists and experts in global finance

Sharjah Investment and Development Authority (Shurooq) has released details of the key themes of the Euromoney Emirates Conference to be held on May 8-9 at the Sheraton Sharjah Hotel, under the theme ‘Finance and Investment for an Innovative Economy’.

Held under the patronage of Sheikh Sultan bin Mohamad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, the two-day event, organised by Shurooq in collaboration with Euromoney Conferences, will highlight the economic policy shifts and models necessary to sustain investment growth, encourage innovation across industries and enable financial institutions and SMEs to prepare for the future by adopting the latest and most secure technology.

It will bring together representatives from leading authorities on finance and economic development to discuss the next phases of development in the UAE, in particular Sharjah, in its efforts to become among the region’s top economies by embracing modern methods that support its growing approach towards adopting an innovative economy system.

The conference will feature a number of keynote speeches by economy officials and specialists, including Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Shurooq, HE Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, Dr. Saif Obaid Al Zaabi, acting CEO of the Securities and Commodities Authority, Adel Al Ali, CEO of Air Arabia, Khalid Al Huraimel, CEO of Sharjah Environment Company (Bee’ah), and Adel Al Zarouni, CEO of Al Zarouni Investment Company, among many other distinguished guests.

With a mix of keynote presentations, on-stage interviews, panel discussions and workshops, the conference, which has never been held in the UAE before, will address crucial topics related to an innovative economy and its mechanisms. At a time of fiscal uncertainty and global economic caution, this includes globalisation, energy markets and new technology, and the UAE will outline its intentions specifically with regards to the country’s aspirations, policies and strategies for an innovative economy.

The future of free zones and their roles within an innovative economy is also a key conference feature, including how UAE free zones compare to their global counterparts and the next steps for Sharjah free zones both locally and regionally.

HE Marwan Bin Jassim Al Sarkal, CEO of Shurooq, says the Euromoney Emirates Conference in its own right is an indication of the UAE’s importance in the region and its status as a major player on the global economic stage.

“We, in collaboration with Euromoney Conferences, have rolled out a comprehensive programme which focusses on the most pressing issues in today’s global economy. That not only provides a platform for essential debates on the future trends of fiscal policy, it also reinforces Sharjah’s ability and credibility as a regional economic driver and facilitator.

“The delegates and the speakers will see the phenomenal progress and development attained by Sharjah’s economy and its adoption of modern technologies in order to strengthen the business environment. We will highlight our incentives and advantages to promote the emirate as a leading destination for secure investments.”

Highlighting the backbone of the UAE economy, other sessions at the conference will focus on the role of small and medium sized enterprises under the theme ‘The Lifeblood of the Innovative Economy: SMEs in the Emirates’. In recognition of FinTech’s disruption to the traditional supply chain, the conference will discuss the future of banking and payments, including cybersecurity and leveraging high mobile penetration.

The event is also due to debate capital markets as a key driver of innovation and their importance establishing an innovative economy, as well as whether the UAE has the economic instruments necessary for innovation in capital markets.

Al Sarkal added: “A conference of this calibre is another milestone in Sharjah’s growing reputation as an intellectual venue for economic decision-makers and a lynchpin in regional growth. Our visitors will see that we are an extremely advanced economy which can recognise and capitalise on many trends and shifts. We have an economy which not only adapts to change, it anticipates it.”

Email This Post Email This Post

Telr showcases future online payment solutions at Seamless Middle East 2017

in Business by
  • Telr anticipates online payments traffic across social media platforms to increase by 30% over the coming year

Telr, the region’s leading online payment solution provider, demonstrates its e-commerce payments and merchant fraud prevention solutions at Seamless Middle East 2017 taking place at Dubai International Convention & Exhibition Center this week.

At the exhibition, executives at Telr shares insights on e-payment trends and solutions for SMEs across the region, especially in emerging markets, including subscription payments, payments through mobile app, tracking fraudulent consumer behaviour, multicurrency and payments from Facebook and Twitter (social commerce).

Online payments, including mobile payments and e-commerce, will be a cornerstone of the digitization wave in the Middle East over the next 4 to 5 years, presenting a number of opportunities for SMEs and retailers in the UAE. According to the Euromonitor 2016 report, online retail was reported to be less than 1.5% of the total retail sales in Middle East region in 2015, while mature e-commerce markets are seeing 15% to 20% of their total retail business from online purchases.

As per the 2016 Mary Meeker report, there is an increasing trend across social media channels of a transition from simple social conversation to business conversation and online transactions. In these instances, customers do not need to visit the merchant’s website to make payments. This in turn helps drive online payment tools such as email invoicing and quick links, which are expected to increase by more than 30% of payment features use in the next year.

Many merchants that have an offline presence can enable their presence on the web, mobile apps and social media and accept online payments.

“There is a digitisation wave across the UAE. With e-commerce penetration currently at a lower level than markets in Europe and North America, it is important that the UAE merchants embrace e-commerce and expand online and each to their consumers in overseas markets,” said Sirish Kumar, Founder & CEO of online payment gateway,Telr.

“We are excited about UAE Smart Government’s drive towards a cashless society and are committed to continue contributing to the ecosystem that will help this exciting initiative become a reality.”

Email This Post Email This Post

Nissan sets up new unit to boost NISMO road car business

in Business by
  • More high-performance models to be rolled out globally

Nissan Motor Co., Ltd. has set up a new unit to expand its NISMO road car business by making a greater range of models available to customers in more markets.

The NISMO Cars Business Department is part of Autech Japan, Inc., a Nissan group company that makes converted vehicles. Using talent from Nissan, Autech, Nissan Motorsports International Co., Ltd. and other group companies, it will plan and develop more appealing products in a shorter time.

Nissan plans to expand the range of NISMO road cars to new segments, market them more globally and boost the lineup in existing markets, including Japan, North America, Europe and the Middle East. This will help increase sales of NISMO cars, which are now about 15,000 units a year.

Nissan introduced the NISMO brand to its mainstream model lineup in 2013 to bring customers more innovations and excitement. Featuring performance and styling developed through NISMO’s motorsports activities, the cars offer a sporty driving experience combined with Nissan’s quality, reliability and durability. NISMO road cars NISMO road cars introduced so far include the GT-R, Fairlady Z, Juke, Note, Sentra and Patrol.

“As a Nissan sub-brand, NISMO further builds upon the core values of Nissan cars,” said Takao Katagiri, president and CEO of both Autech Japan and Nissan Motorsports International. “With the combined expertise of Nissan group companies, NISMO road cars will make customers enjoy Nissan cars more than ever.”

The new business unit will also work with Nissan Motorsports International on marketing. This includes showing NISMO road cars at Nissan dealerships and showrooms and holding events and activities for NISMO car owners.

Email This Post Email This Post

Deyaar reports Q1 2017 net profit of AED 32 million

in Business by

Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, today announced its financial results for the first quarter of 2017.

Deyaar reported a strong year-on-year increase in revenues to AED 142 million [Q1 2016: AED 60 million] for the three months ending March 31, 2017. The rise was due to particularly strong growth in property revenues, which reached AED 110 million in the period, [Q1 2016: AED 32 million], following good progress in Deyaar’s flagship projects, including The Atria and Mont Rose.

Meanwhile, the company continued to prudently manage expenses, which stood at AED 41 million [Q1 2016: AED 48 million] for the first three months of 2017.

This in turn resulted in Deyaar reporting a healthy net profit from business of AED 32 million for the three months ending March 31, 2017 [Q1 2016: AED 51 million]. Net profit in the first quarter of 2016 included a write-back of provision for impairment of investment in an associate.

Saeed Al Qatami, CEO of Deyaar, said: “The first three months of 2017 have seen Deyaar continue to make steady progress in our existing projects, while closely controlling our cost base and expanding our pipeline of future developments. Two key focus areas in the coming months will be the commencement of work on the Midtown master development, and the implementation of our ambitious plans for the hospitality sector, both of which are central to Deyaar’s long-term strategy for sustainable growth.”

Deyaar began 2017 by establishing a joint venture with Dubai South to develop a mixed-use project comprising residential property, retail and hospitality facilities on a location adjoining the Expo 2020 Dubai site.

Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is one of Dubai’s leading developers, with real estate ventures spanning key growth corridors and prime locations within the emirate. Over the years, Deyaar has delivered an extensive portfolio of commercial and residential properties, all offering the highest levels of service and quality.

Email This Post Email This Post

Ministry of Economy and KIPO signs new agreement aimed at enhancing UAE’s patent system

in Business by
  • Al Shehhi: The UAE has implemented strategic steps to attain a leading intellectual property environment and protect the rights of inventors and creators
  • The agreement includes the provision of technical experts, consultation and training

The UAE Ministry of Economy has revealed the signing of a new cooperation agreement with the Korean Intellectual Property Office (KIPO) aimed towards improving the UAE’s patent system. The agreement falls within the framework of completion and implementation of the terms of a Memorandum of Understanding (MoU) signed by the two parties in October of last year, which looks to enhance the patent system in the UAE.

The agreement was signed during the UAE – Korean Bilateral Meeting that was held recently in Seoul by Eng. Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary for Economic Affairs of the UAE Ministry of Economy, and Choi Dong Yu, General Commissioner of KIPO. Also present during the ceremonial signing was Khalfan Al-Suwaidi, Director of the Industrial Property Department of the Ministry of Economy and a number of officials and employees from the Ministry and KIPO.

Under the terms of the agreement, highly qualified technical experts and patent examination experts from Korea will be assigned to the International Center for Patent Registration to see how they can consolidate and reinforce the UAE’s intellectual property infrastructure while also providing consultation and training services to further update legislative and regulatory frameworks–thereby helping in the move to support the UAE’s strategy on intellectual property.

H.E. Shehhi shared that the UAE has implemented a successful series of steps towards the further development of its intellectual property environment over the last few years and has taken a leading role in protecting the rights of inventors and creators, which enhances the UAE’s competitiveness in this dynamic area and contributes to establishing a stimulating environment for research, development and innovation in the UAE.

Al Shehhi added, “The newly signed agreement with KIPO will contribute to providing the International Center for Patent Registration in the Ministry of Economy with key benefits and advantages like addressing the need for expertise and technical inspection personnel required to develop its performance and work standards and guidelines; meet the requirements for training national competencies and qualifying them for excellence in patent examination and registration; preparing a complete guide on how to submit international applications for patents; develop a roadmap for appointing the Center as an International Searching Authority (ISA) and International Preliminary Examining Authority (IPEA) in line with the Patent Cooperation Treaty (PCT) under the umbrella of the World Intellectual Property Organization (WIPO).”

Email This Post Email This Post

Bahwan Tower signals the next generation of contemporary apartments in the Burj Khalifa community in Dubai

in Business by
  • 132 spacious apartments located in the heart of Downtown Dubai
  • Community living with Burj Khalifa views
  • Cluttons appointed as exclusive sales agent

Leading UAE property developer, Utmost Properties (part of the Suhail Bahwan Group) has launched Bahwan Tower in Dubai. While the Group has a number of property developments in Dubai and Sharjah, this is the Group’s first freehold  residential tower for sale in the UAE. Upon completion by this year-end, Bahwan Tower  is set to establish a premier residential address in the Burj Khalifa community.

Located conveniently off Burj Khalifa Boulevard, Bahwan Tower’s 132 apartments are complemented by the unrivalled offering of infrastructure and amenities in the local area. Residents will enjoy internationally recognised attractions and experiences such as the iconic Burj Khalifa, Dubai Opera, Dubai Mall and The Dubai Fountain, all within walking distance, while the development is also exceptionally well-connected for those working in DIFC, Business Bay and Downtown Dubai.

Lucy Bush, head of residential sales and leasing at Cluttons, said: “We are delighted to further extend our partnership with the Bahwan Group, who boast a leading portfolio of properties across the MENA region. Bahwan Tower will offer residents a unique opportunity to live in the heart of a thriving area of Dubai. The freehold apartments are available with an attractive payment plan where 75% is paid on delivery of the apartment. We expect strong interest ahead of the fast-approaching December 2017 completion date.”

Bahwan Tower features one, two or three bedroom apartments, an outdoor swimming pool, a state-of-the-art gym and gym terrace, a children’s play area, secure parking, a large lobby with meeting area and ground floor retail space, all constructed to the high standards of the Suhail Bahwan Group.

From its contemporary façade to its stylish interiors, the property boasts a modern, sleek design that allows unmatched hospitality and luxurious living for a modest price-point, compared to competitors in the Downtown area. With prices starting at AED 1450 per sq.ft. (approx. RO 152) buyers can choose from a range of generous living spaces that include contemporary Italian porcelain tiled flooring, modern German kitchen layouts, purpose-built laundry areas and generous storage space as standard.

Adding to the appeal and security for potential investors, Dubai Government has set several laws and regulations to protect off-plan buyers. These include full registration of all off-plan projects with the Dubai Land Department and The Real Estate Regularity Authority prior to promoting or selling, and the Dubai Land Department website offers complete transparency for buyers to research a project and check status through the project tracking feature.

Speaking on the announcement, N. Pandalai from Utmost Properties (part of the Suhail Bahwan Group) said: “We are proud to launch our first residential real estate property for sale in Dubai. We have a long history in this region, with eighteen prestigious residential and commercial properties, including the Bahwan Towers in Al Nahda, Barsha & Abu Shagara, and various Bahwan Villa complexes in Jumeirah & Umm Suqeim. We have brought our continued passion for excellence, focusing on the consumer needs, to design and deliver what will be a spacious, modern and contemporary residential apartment building that will be constructed to meet and exceed consumer needs in the Burj Khalifa area.”

Email This Post Email This Post

Centrify Warns Password Vaults Alone Not Enough to Stop Data Breaches

in Business by
  • Innovative new capabilities help organizations implement privileged identity management (PIM) best practices and greatly reduce risk of a breach

Centrify, the leader in securing hybrid enterprises through the power of identity services, today announced significant enhancements to its best-in-class privileged identity management (PIM) solution to stop breaches that abuse privilege. By minimizing the attack surface and controlling privileged access to the hybrid enterprise, Centrify’s new capabilities enable organizations to move from static, long-lived privilege assignments to a just-in-time model where advanced monitoring detects and alerts in real-time on the creation of backdoor accounts that make it easy to bypass a password vault.

Securing privileged access in today’s hybrid enterprise is mandatory in achieving a mature risk posture.  According to the The Forrester Wave™: Privileged Identity Management, Q3 2016, 80 percent of breaches leverage privileged credentials to gain access to the organization. The increasingly hybrid nature of infrastructure, driven by the adoption of cloud-based workloads, is driving the need to secure privileged access across on-premises, private-cloud and public cloud infrastructure and apps with a single solution. And while most PIM solutions have traditionally focused on vaulting the credentials for shared accounts on-premises, password vaults alone do not provide the level of privileged access security required to stop the breach.

“Data breaches are happening at an alarming rate and to stop them Centrify is taking a unique approach to controlling privileged access in the hybrid enterprise that simplifies the implementation of PIM best practices and strengthens an organization’s risk posture,” said Kamel Heus, regional manager – MEA, Centrify.

“By contrast, password vaults alone are not enough, best practices require organizations add and integrate point products to the vault, which leaves gaps in security and increases risk. We’ve closed those gaps with an integrated solution that combines password vaulting with brokering of identities, MFA enforcement and just-enough privilege, all while securing remote access and monitoring all privileged sessions,” he added.

Email This Post Email This Post

Buy now and pay in 2018 with Al-Futtaim Motors’ Toyota Ramadan deals

in Business by
  • Ramadan promotion starts as early as May 1st

Al-Futtaim Motors, leader in sustainable mobility and exclusive distributor of Toyota in the UAE, has launched this year’s Ramadan offers with customers able to avail the best Toyota deals one month prior to the Holy Month, and enjoying these benefits until the end of Ramadan.

This year’s Ramadan offers include deferred payments for up to 12 months on select vehicles, with Al-Futtaim Motors covering up to 8 months of payments. The offer also features three unique Toyota Land Cruiser models available in a limited edition, the company has made available exclusively for this occasion. Other exclusive deals include a one-time chance to own the 2017 Toyota Camry Platinum, featuring luxury leather upholstered seats, and offering interested buyers the opportunity of saving an unbelievable 20% down payment courtesy of Al-Futtaim Motors.

Customers looking to purchase any of the Corolla, RAV4, Camry, Prado, and the Pride of the Land Toyota Land Cruiser, will be able to avail 12 months deferred payments through Al-Futtaim Motors and their banking partners, with a low annual percentage rate (APR) of 3% and 3.1%.

Special Ramadan Editions which will be made available include the Toyota Land Cruiser 4.0-litre EXR with front and rear spoilers and sequential indicators, the Land Cruiser 4.6-litre GXR with Super Audio, and the Land Cruiser 4.6-litre and 5.7-litre VXR with Alcantara leather roof liner.

Saud Abbasi, Managing Director of Toyota at Al-Futtaim Motors, said: “Ramadan is always a special month for us here at Al-Futtaim Motors where we reach out to the community with the best deals in town on the Toyota cars they’ve always wanted, while making the purchasing process much easier through the 12 months deferred payment and low interest rates offer.”

Email This Post Email This Post
1 533 534 535 536 537 551
Go to Top