Category Archives: Business & Investments

Business & Investments

Mashreq Announces Appointment of Norman Tambach as Group Chief Financial Officer

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Mashreq Announces Appointment of Norman Tambach as Group Chief Financial Officer

Dubai, UAE, 05 September 2023: Mashreq, one of the leading financial institutions in the MENA region, is delighted to announce the appointment of Norman Tambach as its new Group Chief Financial Officer. In this pivotal role, Norman will play a crucial part in supporting the future vision of the bank in terms of developing and executing financial strategies that support the bank’s strategic objectives, driving innovative and technology adoption, and process improvements within the finance and corporate affairs functions across the group.

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Business & Investments

Bluewater Unveils Revolutionary Micro Bottling System and Hydration Solutions at The Hotel & Hospitality Expo Saudi Arabia

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05 September 2023London, UK. 5th September 2023 – World-leading water purification and beverage leader Bluewater will unveil the future of sustainable hydration for the hospitality industry at the upcoming Hotel and Hospitality Expo in Ria, Saudi Arabia, from 10 – 12 September. Together with its Dubai-based home appliances distribution partner NIA, Bluewater will showcase its cutting-edge micro-bottling system for hotels, restaurants, and large-scale leisure and sports venues in Hall-2, Stand No: 2A169 in the modern Riyadh Front Exhibition & Conference Center.

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Business & Investments

National Bonds: The New End-Of-Service Gratuities System Aims to Enhance The UAE’s Ability to Attract Talent and Enable Individuals to Invest in Their Future

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National Bonds: The New End-Of-Service Gratuities System Aims to Enhance The UAE’s Ability to Attract Talent and Enable Individuals to Invest in Their Future

Mohammed Qasim Al Ali, Group Chief Executive Officer of National Bonds, commented: “We are confident that the recently approved optional system for end-of-service gratuities by the UAE Government will increase the attractiveness in the UAE’s labor market and will strengthen job security. Furthermore, it will empower individuals and corporations to invest in their future and support corporates with employee retention strategies.”

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Business & Investments

The UAE’s Gold Sector is Elevating to New Heights

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The UAE’s Gold Sector is Elevating to New Heights

  • Gold prices rose 5.4% in H1 2023 and are expected to rise by over 10% through 2023
  • Gold reserves for the Central Bank of the UAE (CBUAE) grew 9% (AED 1.46 billion) through the first four months of 2023 and 41% YoY (AED 64.2 billion) from April 2022 to April 2023
  • UAE shoppers purchased 9.7 tonnes of gold in Q1 of 2023

Dubai, UAE – 05 September 2023: Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., cites that the price of gold rose 5.4% in the first half of 2023[1] and it could rise above 10-15% through the rest of the year; if this projection is realized, gold prices would rise by nearly AED 734 per ounce or approximately AED 50 per gram[2]. Kooijman shares insights on the market’s upward trajectory and why UAE residents can invest with confidence.

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Business & Investments

GCC IS SET FOR NEXT PHASE OF ICV

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GCC IS SET FOR NEXT PHASE OF ICV

Efficio says countries in the Gulf region will need to look to ICV programmes to maximise economic and human capital development in a post-oil future

Dubai, United Arab Emirates. 5 September 2023: GCC countries are set for a crucial 12 months in progressing their In-Country Value (ICV) programmes as the public and private sectors join together in increasing diversification away from oil and gas.

In-Country Value (ICV) programmes were initially created to increase workplace nationalisation – ensuring that investment was channelled into the development of a country’s own talent pool and resources.

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