The Sustainable City, the Middle East’s first fully operational sustainable community by Diamond Developers, has announced a realistic and pragmatic roadmap to … Keep Reading
- Government support for foreign SMEs presented to international audiences at innovation forum
- SMEs account for 60% of the UAE economy, according to the Ministry of Economy
Small and Medium Enterprises (SME) are the “bloodline” of the UAE economy, delegates from the UAE Pavilion have emphasised across activities at Hannover Messe, where Emirati innovators are exhibiting to large international audiences.
As the world’s largest industrial technology and manufacturing trade fair, the week-long event has been providing a unique platform to expand on opportunities for some of the UAE’s growing SMEs in international markets.
Among the 26 private sector organisations and government entities taking part in this year’s annual event, are a number of growing UAE-based SMEs that provide the country with sustained growth, economic diversification and job creation.
In addition, Hannover Messe has provided UAE government departments with a unique platform for showcasing the advantages of operating out of the UAE. Faisal Al Hmoudi, Director of the Department of Economic Development’s Takamul programme, spoke to a crowd of international businesspeople at a special innovators forum, where he presented on the Takamul programme.
Launched in 2011 to encourage and facilitate the local application of innovative technologies, Takamul supports industry start-ups and SMEs “from ideas to application”, bringing theoretical concepts to life, Al Hmoudi explained.
He also told the audience of the financial and legal support offered by Takamul in applying for international patents, with 187 being filed in the US through the programme so far. A large number have stemmed from vital sectors that support economic diversification agendas, such as ICT, which accounts for 38% of intellectual property protection filings, and the medical field with 16% of applications.
Another central objective of the programme is to strengthen relationships between industry players and academic institutions, in order to address needs for the latest technological applications, as well as contributing to broader national capacity development goals.
Muhammad Bagudu, Managing Director at EEKMASEC Global FZE, spoke of the warm relations established with government agencies and departments in the UAE as they set up, noting governmental guidance in growing their business in the local market.
He also welcomed the support from the Department of Economic Development – Abu Dhabi in attending Hannover Messe, and explained the opportunities afforded by participating in the trade fair.
“We are seeing a lot of German companies that are interested in establishing B2B relationships and partnerships with UAE-based firms, “said Bagudu. “It is in our interests to work with multinational firms in different parts of the world, most importantly in Europe, so that we can work together on delivering quality solutions.”
EEKMASEC Global FZE, which provides technological solutions to a variety of clients across a range of sectors, set up in the UAE in 2004 after identifying a need in the market for innovative technological applications.
The company is currently actively engaged in the renewable energy market, with a global net worth of some $200 billion, although other areas of focus include automation, robotics and ICT applications that can be utilised in any industry.
Summarising the role of SMEs in the UAE, Bagudu concluded: “SMEs are vital for a sustainable economy. We are glad that the UAE is encouraging SMEs to establish their companies in the UAE, providing cost-effectiveness via various Free Zones throughout the Emirates.”
CCTC & JOPETWIL Industrial Co.
Control Contracting & Trading Company and its subsidiary JOPETWIL Industrial Co., are involved in the energy sector, providing advanced engineering construction and contracting services to onshore and offshore operators throughout the Gulf region.
Saleh Muqattash, founder and CEO of CCTC & JOPETWIL Industrial Co., provided insight from his 40 years of experience in the region and sector to an international audience during the ‘Beyond Oil’ session at the UAE Business and Investment Forum. During the session, held Tuesday April 25, Muqattash noted the superb infrastructure and security of capital and profit provided under the support of the UAE government.
Tariq Haddad, Procurement and Business Development Manager, spoke of the valuable opportunities afforded to SMEs by participating at Hannover Messe, where many groups from the vertical and horizontal supply chains also exhibit.
“We come every year — previously under the auspice of free zone operators, but now independently,” Haddad said. “We can strengthen our relationships with The big internationals, as well as develop new relations with other suppliers and potential partners. In fact, we’re meeting today with Siemens in order to enhance our working relationship at a very senior level.”
Commenting on the government support for SMEs in the UAE, Haddad said: “SMEs are critical to the economy, and the government has realised the important role we play. And this is a mutually beneficial relationship — operating out of the UAE not only provides us with an open and stable environment, the diverse and metropolitan nature of the country also gives us unparalleled access to talented individuals from all disciplines.”Email This Post
- Ford Mustang, top-selling sports car in the U.S. over the last 50 years, became best-selling sports car in the world in 2016, according to Ford analysis of IHS Markit global automotive registration data in the sports car segment
- International markets fuel Mustang sales growth in 2016, with global sales up six per cent over 2015; number of Mustangs exported is doubling every year, with more than 98,000 total cars shipped to customers outside of U.S. since 2015, according to Ford data
- Once only available in North America, Mustang is now sold in 140 countries; six more countries to be added this year
Ford Mustang has been the best-selling sports car in the United States over the last 50 years, and now, thanks to growth in international markets, the iconic pony car is the most popular sports car in the world, according to Ford analysis of IHS Markit new vehicle registration data in the sports car segment.
Mustang expanded its sales lead in 2016 as the world’s best-selling sports car with more than 150,000 Mustangs sold, according to IHS Markit new vehicle registration data. Overall global sales increased six per cent over 2015, fuelled by international market growth up 101 per cent with almost 45,000 Mustang vehicles sold outside the United States.
Mustang’s ascension to best-selling sports car in the world in 2016 was driven largely by continued global rollout that saw big sales gains in Germany and China, as well as the car’s introduction to smaller nations such as New Caledonia, Gibraltar and Bonaire. Since launching in China in 2015, Mustang has become the best-selling sports car in the world’s biggest auto market. Sales in 2016 were up 74 per cent over 2015, according to IHS Markit new vehicle registrations.
“The legacy of Mustang continues to grow, and in places it never reached before,” said Mark Schaller, Ford Mustang marketing manager. “We continue to make it available in new markets, and drivers in those markets continue to respond with resounding approval.”
For decades many global Mustang enthusiasts went to great lengths to get their hands on Ford’s fast, fun and affordable sports car. Recognising this passion, Ford decided that in 2015 it would take its iconic Mustang to markets across the world.
Ford’s data shows more than 395,000 sixth-generation Mustangs have been produced at Flat Rock Assembly Plant since 2015 and of that, 98,000 have been shipped to customers outside of the United States. From 2015 to 2016, Ford doubled the percentage of exports to 17.5 per cent and the company expects export growth to continue, reaching 30 per cent for the 2017 Mustang.
Mustang – with more than 8.4 million likes – is the most-liked vehicle on Facebook. It is now available in 140 countries across all continents other than Antarctica. This year, availability of the 2018 Mustang will expand to six new countries, including Brazil, the Palau Islands and the Ivory Coast, with three additional markets announced later.Email This Post
- Gulf Oil Ministers, NOC (National Oil Companies) Chiefs, ENOC Board, oil experts and visionaries to attend May 1 Opening
- CEOs, oil and gas industry luminaries to present key addresses on the Turbulent Path to an Oil Market Recovery and the Challenge of Reaching a Balanced and Sustainable Price
- Special addresses by Dr. Fereidun Fesharaki, Chairman of FGE and Mr. Harold Hamm, Chairman & CEO of Continental Resources
Presidents and CEOs of global oil and gas companies, senior government officials, OPEC and IEF officials, energy experts, top financiers, and leading organisations in the energy sector will gather in Dubai from April 29 – May 4, 2017 for the Middle East Petroleum & Gas Week (MPGC Week 2017), for discussions on the conference theme Turbulent Path to an Oil Market Recovery and the Challenge of Reaching a Balanced and Sustainable Price, amidst improved sentiments and optimism following demand growth to 1.5 million b/p and strong refining margins.
MPGC Week 2017 includes a total of eight events including executive briefings on key strategies for the upstream/downstream and LNG/Natural Gas sectors as well as specialised product conferences on bitumen/asphalt, base oils/lubes and retail/downstream as technical courses on petroleum and refined products. These are:
April 29-30 Middle East Petroleum Insiders Briefing (MPI) http://www.cconnection.org/events/mpi
April 30 MEB Workshop: Asphalt Mixture Design Methods in the Middle East http://www.cconnection.org/events/mebworkshop
April 30-May 2 25th Annual Middle East Petroleum & Gas Conference (MPGC 2017) http://www.mpgc.cc
May 1-2 8th Annual Middle East Bitumen/Asphalt Conference (MEB 2017)http://www.me-bitumen.com
May 2 Global Finished Lubricants Value Chain Workshop (GLV)http://www.cconnection.org/GLV
May 3-4 6th Annual Base Oil & Lubes Middle East Conference & Workshop (BLM 2017)http://www.baseoillubes.com
May 3-4 Inaugural Middle East Retail & Downstream Conference (MRDC 2017)http://www.mrdc-conference.com
May 3-4 Middle East Gas Insiders Briefing(MGI) http://www.cconnection.org/events/mgi
The Middle East Petroleum & Gas Conference (MPGC 2017), the flagship event for the week is organised by Conference Connection and hosted by Emirates National Oil Company (ENOC). It is renowned as the longest running annual oil and gas conference in the Middle East. MPGC official opening will be attended by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Supreme Council for Energy, President of Dubai Civil Aviation Authority, President of Dubai Airports, Chairman & Chief Executive of Emirates Group.
On Day 1 Dr. Fereidun Fesharaki, Chairman of FGE and co-Chairman of the conference, will deliver insights into the fortunes of the oil and gas business in the near and medium term, which will be followed by a special address on U.S. Tight Oil Production by Mr. Harold Hamm, Chairman & Chief Executive Officer of Continental Resources Inc.
His Excellency Saif Humaid Al Falasi, Group CEO, ENOC, said: “As a key player in the oil and gas industry, ENOC is committed to facilitating discussions around crucial topics impacting the industry such as oil market recovery, natural gas, sustainable development, global trends and dynamics of the fuel retail industry. We are pleased to host a prestigious event such as MPGC and we look forward to hearing expert opinions on the global and regional oil & gas business.”Email This Post
Etisalat’s eLife TV subscribers can now enjoy the entire MBC channel line-up including the Shahid onDemand service and a new exclusive channel.
The new channel, named ‘MBC + eLife, is a premium general entertainment channel focused on the most popular Arabic TV series and shows from MBC 1 and MBC Drama. The show timings will be set to suit the UAE prime time viewing and will be available to all eLife TV customers free of charge; eLife TV customers can find MBC + eLife on channel 150.
eLife TV customers across the UAE will now also have access to the entire MBC line-up of popular TV channels (MBC1, MBC2, MBC3, MBC4, MBC DRAMA, MBC MAX, MBC ACTION) as well as other prime HD channels. Additionally, they will have access to three new premium channels (MBC+ Drama HD, MBC+ Variety and MBC Maser 2) along with the MBC OnDemand content service SHAHID.
SHAHID offers a wide range of the latest programs and TV series without commercial breaks and all OnDemand. The Arabic editions of famous international programs such as Arab Idol, The Voice, Arabs Got Talent and popular Ramadan series are all there as well. eLife TV customers will be able to enjoy the rich content of SHAHID on the TV, mobile phones, tablets and other smart communication devices through the eLifeON application.
Jonathan Haysom, VP of Home Products at Etisalat said: “Today’s announcement reiterates our passion to ensure eLife TV delivers the best in entertainment from the widest variety of content providers, creators and partners. The partnership with MBC means eLife TV customers will receive unprecedented access to MBC’s award winning channel line-up to watch at home and conveniently on-the-go across the UAE with eLifeON. This experience is now exclusive to eLife TV subscribers who also enjoy the best local, regional and global entertainment on offer.”
Fadel Zahreddine, Group Director of Brand Management – Marketing, Branding, Digital Businesses – at MBC GROUP, said, “This is another milestone in the strategy that the MBC GROUP has set out on to partner with telecommunication operators to bring a complete value offering to the consumer in the UAE and beyond. This partnership shows our commitment to strengthening the collaboration between Media and Telco to enhance the whole user experience.”Email This Post
- ENBD REIT occupancy at 85%, rising by as much as 8% over the last two quarters
- The Property Portfolio Value stands at USD 315 million (AED 1.16 billion)
- Total return has been stable for the quarter
ENBD REIT (CEIC) Limited (“ENBD REIT”), a Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited (the “Fund Manager”), has released the first Net Asset Value post listing on 23rd March 2017.
The first NAV since listing, which has remained stable due to strong rental income being off-set by the listing costs, and now stands at USD 297 million (AED 1.09 billion) and USD 1.17 per share. The Property Portfolio Value now stands at USD 315 million (AED 1.16 billion).
Tim Rose, Head of Real Estate, Emirates NBD Asset Management, commented:“Occupancy rates in the portfolio currently stand at 85%, having shown an overall increase of 8% over the last two quarters. Specific progress has been made in Burj Daman, the REITs second largest asset by value, where occupancy has risen by 14% since January 2017 to 56%. All key indicators point towards a strong performance in 2017.”
The REIT invests in predominantly income generating real estate, with the objective of providing investors with a regular source of income, by way of annual dividends of at least 80% of net audited annual income, and potential capital appreciation.
The first dividend post listing is expected to be paid as at June 30th 2017. The REIT aims to regularly distribute a semi-annual dividend with a target of achieving a return of 7% per annum or more.
Anthony Taylor, Fund Manager, Real Estate, Emirates NBD Asset Management commented:“ENBD REITs progress post IPO on Nasdaq Dubai has been very encouraging. Our team has been hard at work, aggressively seeking new acquisitions, to invest the capital raised from the IPO, for which we are focusing on occupied, income generating assets with long term leases. We are pleased with the increase in occupancy rates across the portfolio and look forward to achieving greater success in the months and years to come.”Email This Post
- Fuel Cell LF-FC concept car takes centre stage at the restaurant’s Garage
Intersect By Lexus, the award-winning dynamic eatery and cultural hub located at the heart of DIFC, will be hosting Lexus’ first ever Fuel Cell flagship concept, the Lexus LF-FC at its Garage, from April 21st until the end of August. Initially revealed at the Tokyo Motor Show 2015, the LF-FC flagship concept, is a visionary vehicle that offers a peek into the design and technology direction of the brand’s future flagship sedans, evoking inspiring emotions with its distinctive design that exceeds conventional imagination, automated driving technology and high-tech vision.
“Intersect By Lexus is the ideal host platform for such an attractive and unique concept vehicle, embodying the future emotional design direction of Lexus, but perhaps the future of the automotive mobility as we know it,” said Christopher Buxton, Managing Director of Lexus at Al-Futtaim Motors. “The LF-FC concept is a translation of Lexus’ emotional design philosophy and amazing experiences. We are very proud to bring this concept vehicle to Intersect By Lexus, a space that projects creativity and design, giving our guests the opportunity to interact with the car in a relaxed and welcoming environment.”
Intersect By Lexus, the two-story space launched in 2015, features an Eatery that offers a unique menu of artisanal crafted food on the first floor, a curated Library and a 500sq. ft. Garage on the lower floor, uniquely designed with over 150 hand-painted Lexus car parts covered with reinforced glass that holds the current concept car.Email This Post
- Save 80% in energy costs with new eco-friendly features
MMD, Middle East brand licensing partner of Philips Monitors, unveils the new Philips B-line borderless LCD monitor series with Philips PowerSensor. The monitors come in three sizes and two resolutions.
PowerSensor: Smart, eco-friendly, and cuts up to 80% of energy consumption
Best suited for the environmentally aware, and the cost conscious. The innovative Philips PowerSensor will sense if you are in front of the display using infra-red technology. When you step away, the monitor dims significantly. Energy consumption is then cut by up to 80%.
These energy savings add up over time. Save money while living a greener, more environmentally responsible lifestyle. PowerSensor monitors are also an excellent choice for corporations – the cost savings are multiplied when applied in bulk.
Other key features and highlights
- Eco-friendly Materials: Produced with green materials like post-consumer recycled plastics and PVC-BFR free housing.
- Wide Viewing Angles: The picture will remain clear from almost any viewing angle (up to 178 degrees, which is essentially sideways) thanks to IPS technology.
- Ergonomic Convenience: SmartErgoBase lets you easily adjust the screen’s height/angle to suit your ideal physical position.
- Slim, Elegant Body: Simple design, narrow borders, and edge-to-edge glass ensures the display takes as little space as possible on a desk.
- LowBlue Mode and Flicker-Free: LowBlue Mode uses smart software technology to reduce harmful shortwave blue light emissions. Flicker-free technology makes the screen more comfortable to look at through better brightness control.
- Diverse Connectivity Options: SmartConnect enables use of DisplayPort, HDMI, and VGA The screen also comes with USB 3.0 connectivity.
- Built-in Stereo Speakers: Enjoy quality sound while keeping your desk clear. No need to bother with add-on speakers.
- Major ITS industries experts and Public Transport actors will be gathered in Doha, providing a unique opportunity for fruitful exchanges about ticketing and digital services.
The MENA region is experiencing one of the fastest growth in the world in terms of infrastructure, including public transport both at national and international levels. To face increasing environmental challenges, ensure an equilibrated territorial development and support the welfare and human development of the citizens, Public transport is seen as a one of the key strategy by decision makers.
After a successful first edition in 2016, the 2nd Qatar Smart Ticketing and Digital Services Forum aims to provide its contributor with the most-advanced information about the services, the technologies, and the actors that allow Public Transport to actually be at the heart of the Smart City.
The conference will offer to all participants a large overview of the main hot topics and structuring issues for the future of the public transport. It will be a unique opportunity to discover the last developments in these matters, explained by fifteen relevant experts in the field who will exchange their vision in seven interactive sessions:
- National deployment & full interoperability, from concept to reality
- Mobile ticketing for a mobile world
- State-of-the-art of the different ticketing approaches
- Leading ticketing to open source solutions
- Ticketing in the MENA region
- Security and certification: key issues for a successful ticketing system
- Ticketing and multiservice in the City enhance public transport attractiveness
The Qatar Smart Ticketing and Digital Services Forum is open to all, public authorities, transport and services operators, manufacturers, consultants, in order to promote widely digital technologies.Email This Post
- Group of international experts publish “Cybercrime Investigation Body of Knowledge” to provide guidance to law enforcement around the world
Trend Micro Incorporated, a global leader in cybersecurity solutions, announced the release of the first edition Cybercrime Investigation Body of Knowledge (CIBOK) book by the CIBOK editorial committee. This book is designed to set a new standard for public-private partnerships in the global fight against cybercrime by providing the knowledge, skills and behaviors required to solve and prevent today’s threats.
Trend Micro took the initiative to bring together great minds in cybersecurity investigations to ensure relevant, high quality results. Leading incident responders, former FBI and DOJ investigators, cybersecurity lawyers and security researchers collaborated to develop this resource for use in education and for the betterment of the industry.
“CIBOK introduces a standard for the research and investigation of cybercriminal activity that can unify and strengthen the collective efforts to fight global cybercrime,” said Ed Cabrera, chief cybersecurity officer for Trend Micro. “Trend Micro is a strong advocate for public-private partnerships, and this book provides a foundation to guide security researchers, law enforcement and incident response teams. It also encourages more individuals and organizations to work together.”
Public-private partnerships are an integral aspect of the global fight against cybercrime. In developing this book, CIBOK and Trend Micro recognized and met the need for an industry standard to advance cybercriminal investigations. CIBOK focuses on five key objectives, including the need for consistent cybercriminal investigations and what content is needed for investigations. It addresses the needs, background information and requirements for cybersecurity researchers assisting law enforcement, and can be used as an educational tool for students and industry practitioners.Email This Post
- Aims to Develop Industry and Business Sectors in the Emirates According to Best International Standards
Sharjah Chamber of Commerce and Industry announced signing a cooperation agreement with CRIF for Industry and Business Research and Consultancy. This agreement aims to enhance industry and business sectors in Sharjah by enabling SCCI to provide best quality services to all sectors according to modern international standards. it also aims to increase the attractiveness of Sharjah as a global investment destination.
His Excellency Khaled bin Butti Al Hajri, Director- General of SCCI signed the agreement with Manjeet Chhabra, Managing Director of CRIF during an official event that was attended by Abdulaziz Shattaf, Assistant Director-General for Members Services at SCCI and officials from both parties.
The agreement aims to conduct studies and analyze work styles and methods in industry and trade zones in Sharjah. These will include surveys on industry level that will cover production mechanisms and entities operating in these zones, raw materials used, end products, and market access methods. The results will be utilized to provide scientific recommendations for developing business in Sharjah.
His Excellency Khaled bin Butti Al Hajri asserted that the industrial sector contributes with 38% to Sharjah’s GDP. Over 2240 industrial establishments are operating in all industrial zones in Sharjah. This highlights the importance of the agreement, as it will focus on these establishments and their work mechanisms. The agreement falls within the framework of SCCI’s strategy to provide support programs for the industrial sectors.
CRIF for Industry and Business Research and Consultancy is a global leader and key player in its business domain specializing in credit information systems, business information and credit management solutions. The company is listed on FinTech as one of the leading technology providers for financial and industry entities worldwide.Email This Post