Category Archives: Business & Investments

Business & Investments

UBF Chairman H.E. Abdulaziz Al-Ghurair:Consumer confidence in UAE banking rises to 90%

UBF Chairman H.E. Abdulaziz Al-Ghurair:Consumer confidence in UAE banking rises to 90%, reflecting sector’s commitment to further growth

  • Accelerating digital transformation improves customer experience and provides customised services.
  • Emiratisation, sustainability, governance and supporting SMEs are our top priorities.
  • The performance of UAE banks confirms the strength and resilience of the banking sector, which is achieving solid financial metrics.

Dubai, United Arab Emirates – 14 May 2024:

H.E. Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the sole representative and unified voice of the UAE banks, said that the increase in consumer confidence in the UAE banking sector from 84% in 2022 to 90% in 2023 reflects its continuous development, as customer trust is an important pillar in banking and finance. He explained that the UAE ranks above the global average in the Trust Index and ranks higher than prominent international financial centres, which confirms the banking sector’s ability to meet the requirements of diverse customer segments.

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Business & Investments

Construction Technology ConFex (CTF) UAE 2024

Construction Technology ConFEX (CTF) to Spearhead a More Efficient and Sustainable Construction Industry Through Technology

14 May 2024, Dubai – Ventures Connect proudly announces the much-anticipated Construction Technology ConFex (CTF) UAE 2024, set to take place from 3rd to 4th June 2024 at the esteemed Ritz Carlton JBR Hotel Dubai. Co-located with the Property Technology ConFex, this event stands as a beacon of innovation and collaboration, providing a crucial platform for industry leaders, innovators, and practitioners to gather, exchange knowledge, and explore cutting-edge advancements reshaping the construction landscape.

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Business & Investments

TiE Dubai announces fifth edition of TiE Women MENA to empower women entrepreneurs in the region

TiE Dubai announces fifth edition of TiE Women MENA to empower women entrepreneurs in the region

Applications are open until June 1st, 2024, inviting women-led ventures to demonstrate their innovation and business savvy to join a powerful network of changemakers

Dubai, UAE – [May 14,2024] – The Dubai chapter of The Indus Entrepreneurs (TiE) has officially launched the fifth annual TiE Women MENA Program 2024, an empowering initiative designed to support and elevate women entrepreneurs across the MENA region. The program expands its reach to include 5 categories UAE, Emirati, the Kingdom of Saudi Arabia, Egypt, and the rest of the Middle East, underlining its commitment to fostering gender parity in entrepreneurship in line with government efforts.

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Business & Investments

Stellantis Pro One Achieves No. 1 Spot in Middle East & Africa Region

Stellantis Pro One Achieves No. 1 Spot in Middle East & Africa Region and Strengthens Commercial Vehicle Leadership in Europe and South America

  • Achieves No. 1 spot with a record 26% market share in Middle East & Africa, led by strong performance in Algeria with the FIAT brand
  • Confirms market leadership in Europe 30 and South America
  • North America plays a key role in Pro One success; Ram announces new professional commercial vehicle division
  • Stellantis Pro One on track to global leadership by 2027; achieve Dare Forward 2030 target
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Business & Investments

UAE’s Etisalat Secures Position as Fourth Highest Value Creator in Global Telecommunications, BCG Report Finds

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UAE’s Etisalat Secures Position as Fourth Highest Value Creator in Global Telecommunications, BCG Report Finds

  • Etisalat has realized a USD $18 billion value increase from 2019-2023, marking a substantial global impact
  • GenAI emerges as the latest value-enhancer for global telcos, transforming customer support into a cost-effective, efficiency-driven domain.

Dubai, May 14, 2024— Etisalat, a leading telecom operator in the United Arab Emirates (UAE), has been identified as the fourth highest value creator globally in the telecommunications sector, according to the Boston Consulting Group’s (BCG) 2024 Telco Value Creators Report. With a substantial USD $18 billion in value created between 2019-2023, Etisalat has achieved a significant milestone on a global scale.

The BCG report, titled “A New Formula for Success: The 2024 Telco Value Creators Report,” explores how telecommunications players have overcome challenges, such as stagnant revenue streams and varying investment returns, particularly from sizeable outlays like 5G networks. Despite these sector-wide difficulties, Etisalat UAE has excelled by employing a comprehensive strategy to foster growth.

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