Friday, November 27

Author: Saswati Chattopadhyay

Juma Al Majid Establishment in UAE launches the brand new model of flagship sedan Azera; a short review
Business

Juma Al Majid Establishment in UAE launches the brand new model of flagship sedan Azera; a short review

Juma Al Majid institution, the freelance distributor for Hyundai Motors in the UAE, has unconcealed the launch of the new model of its stand-out sedan Azera. The new  stress has met  an extended facelift and can transcend the conventional once it gets to the road. Reflecting Hyundai’s today’s generation style vision — the esthetic Sportiness —the car is outlined by the agreement between four key elements: proportion, planning, styling, and technology. SulimanAlZaben, Director of Hyundai UAE, said that Hyundai has systematically offered customers with high-quality vehicles that transcend expectations, and therefore the new Azera isn't any distinction. Impersonating another wonderful addition to our portfolio, this new stress is meant to cater to all or any the requirements and comfort...
Business

OPPLE Lighting establish Go Global Ecosystem in collaboration Huawei

On the recently ended Huawei's Developer Conference 2020, Huawei and its 12 partners, including OPPLE Lighting, announced about the launching of HMS Go Global Ecosystem Alliance which is expecting to Chinese developers focusing the international business with a "go global service engine" to mark three major issues of "product localization", "local compliance" and "local marketing". Grasping its light expertise, OPPLE Lighting will associate with Huawei to develop the go global ecosystem and associated ecosystem products, to ensure that the Chinese applications easily access the global market. Presently, OPPLE Lighting is already upgrading all results of Huawei's HiLink ecosystem to designing any house scenario and analyze overall smart light and bright living functions. OPPLE Ligh...
Emirates Islamic successfully put an end to US$ 500 million Sukuk issuance.
Business

Emirates Islamic successfully put an end to US$ 500 million Sukuk issuance.

Emirates Islamic is one of the leading Islamic financial institutions in the UAE and also rated A+ (Stable) by Fitch. It has closed successfully the 5 year US$ 500 million Sukuk issuance from its US$ 2.5 billion Certificate Issuance Programme. The popular issuance is going to publish on NASDAQ Dubai and Euronext Dublin. Investors showed their interest which finished in an order book of USD$ 1.2 billion which was approximately 2.4 times issuance size with a profit rate of 1.827%, the below achieved by a UAE bank in the past 10 years. The investor base was extended geographically, with 41% placed into the Middle East and North Africa, 28% allowed to Asia, 17% issued to US offshore investors, and 14% into Europe. Bank ABC, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, HSBC, Stan...
DHL EXPRESS DECLARED ANNUAL PRICE FOR NEXT YEAR; A BRIEF REVIEW
Business

DHL EXPRESS DECLARED ANNUAL PRICE FOR NEXT YEAR; A BRIEF REVIEW

DHL Express, the world's greatest international service provider, announced about the rising price that will be implied from January 1, 2021. Besides, the extra fee for Overweight Piece and Non-Stackable Pallet will be changed to AED 350 per piece and AED 720 per pallet. The price has to be risen to ensure a strong network and maintenance of high service standards. Considering different aspects such as regulatory and security measures, prices are adjusted every year by DHL express. The national and global authorities restore this kind of measure regularly. Altogether 220 countries and local zones are included that DHL serves. The new price will vary from country to country which depends on regional circumstances and it will be applicable for all customers where the contracts allow. "...
Dubai Future Accelerators opens registration for the Fall 2020 Program, invites applications from International Startups to mark challenges aftermath of the COVID-19 pandemic
Business

Dubai Future Accelerators opens registration for the Fall 2020 Program, invites applications from International Startups to mark challenges aftermath of the COVID-19 pandemic

Dubai Future Accelerators (DFA), an ambition of Dubai Future Foundation (DFF), has started registration for The Fall 2020 Program. Now in its eighth edition, the Program tries to bring startups all across the world to grab the entire encroachment of the program that will come about virtually as well as physically in Dubai, UAE. DFA's program offers start-ups the opportunity to recreate solutions to future difficulties in association with the Dubai government. The Performance will have startups work on employing technologies to catch difficulties facing the upcoming days of Dubai in key sectors, including transport, energy, health, and digital technologies. The 2020 edition is a 10-week program that is structured into two phases. A four-week virtual practical launching session is taken pl...
This year TAQA Group declares one of Morocco’s largest private bond placements
Business

This year TAQA Group declares one of Morocco’s largest private bond placements

TAQA group or company (Abu Dhabi National Energy Company PJSC) announced one of Morocco's greatest private bond positions this year. TAQA is expecting to hold up the company's position in the market, where TAQA Morocco generates power to meet over 40% of the country's energy demand, working about 18 million people. It is one of the largest power plants in the MENA region. The transaction was carried through TAQA Morocco's finalization of bond issuance by a private placement for AED 1.08 billion (USD 293.8 million). It was branch out by TAQA Morocco's funding. The investors overenrolled the bond position which indicates the business with an opportunity to enhance the primary structure and value for its stakeholders. The event resulted in a reduction in debt cost of more than 20% an...
Huawei and Arab Open University partner to provide ICT training courses to students.
Business

Huawei and Arab Open University partner to provide ICT training courses to students.

Huawei, being a leading international provider of data and communications technology (ICT) infrastructure and smart devices, has clubbed with a Memorandum of Understanding (MoU) with the Arab Open University to pass training and certification programs to the university’s students via Huawei Authorized Information and Network Academy program (HAINA). At the signing of the MoU was Zhaoliang (Liam), President of Huawei Gulf North Region and Mr Rico Lin, Huawei Kuwait CEO, and on from the precinct of Arab Open University, Prof. Mohammad Al-Zakari, President of Arab Open University, and Dr Yousef Al Ebraheem, advisor of Economic Affairs to HH the Amir of the State of Kuwait, AOU Board of Trustees Member. By virtue of this collaboration, Arab Open University and Huawei will collectively en...
Business, Science

DEWA directs Virtual WETEX and Dubai Solar Show from 26- 28 October 2020; in a nutshell

22nd Water, Energy, Technology and Environment Exhibition and 5th Dubai Solar show are going to organize by Dubai Electricity and Water Authority. The program will be started on 2-28th of October 2020. These two exhibitions will give a new chance to exhibitors to show their products innovatively through 3D customizable views to meet every client's needs. DEWA is also going to arrange meetings, webinars, and workshops virtually. HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, and Founder and Chairman of WETEX and Dubai Solar Show mentioned that for 21 years WETEX has made his mark as one of the greatest most important world water, environment, and energy exhibitions. They also have discovered the significance of turning difficulties into possibilities. Due to the prudent measures perfo...
Business, Reviews, Science

Boehringer Ingelheim designs a new Arabic website to help regional Patients having Idiopathic Pulmonary Fibrosis; a short review

This year September 14-22 has been considered as Idiopathic Pulmonary Fibrosis Awareness Week. To make this week fruitful, Boehringer Ingelheim, one of the greatest pharma giants has launched a brand new Arabic website for the patients having Idiopathic Pulmonary Fibrosis in the region. The online program has been arranged to deliver patients, health workers an authentic source of knowledge on the illness, risk factors, signs and symptoms, and medicaments. The Arabic language is also included so that it can understand by every local people easily. Besides these, frequently asked proposals and a glossary with numbers of medical terms has been included to help to understand the condition. Approximately 60 million people are having this kind of respiratory problems in the Middle East regio...
Dubai Chamber whitepaper explores the prospect of UAE’s space economy; a brief review
Business

Dubai Chamber whitepaper explores the prospect of UAE’s space economy; a brief review

According to a whitepaper published by the Dubai Chamber of Commerce and Industry, space manufacturing could be one of the most promising fields and the major support of business growth in the next 50 years. The motive of the UAE was to launch the International Space Station in 2019 and the kick-off the Hope Probe to Mars earlier 2020 was a remarkable move towards placing the country as an international player in space travel and research. The report, entitled Space Economy Investment Opportunities for the UAE, spots 10 points of the space economy that offer the greatest investment potential for the UAE, particularly space mining, space stations, space settlements, space law, sustainability in space and recycling, space tourism, space companies, and space academies that involve in ma...
Abu Dhabi Municipality selects Huawei in digital partnership to deliver reliable and economical services to its customers; in a nutshell
Business, Reviews

Abu Dhabi Municipality selects Huawei in digital partnership to deliver reliable and economical services to its customers; in a nutshell

Abu Dhabi Municipality has hand-picked Huawei, a principal international supplier of Information and communication technology (ICT) support and smart devices, as a companion to guide its digital conversion journey, in compliance with the UAE leadership's vision to contour duties and skills through placing tech steering at a property and internationally driven economy. Within its cooperation with Huawei, United Arab Emirates's capital Municipality has extended a system arrangement of stylish solutions, sustainably created to succeed in society's digital wants nowadays and tomorrow. Key manufacture driving Abu Dhabi Municipality's digital conversion involve Huawei All-Flash Storage, and a Tier four information Center – the foremost secure solutions designed by Huawei for the mission-criti...