Seatrade Maritime & Lloyd’s List join forces to honour excellence in the maritime industry

Through this collaboration, both entities will bring together their knowledge of the industry and their expertise to award the best in the business UAE – Dubai – 25 February 2021: Seatrade Maritime and Lloyd’s List are delighted to announce that from 2021 onwards, their event businesses will be combined as one award program for the maritime community. The combined portfolio will focus on increasing ROI, as well as non-commercial value, and enhancing guest experience (both in-person and digitally). This unison between the two leading global maritime awards will enable the…

Seatrade Maritime & Lloyd’s List join forces to honour excellence in the maritime industry

جوائز سيتريد البحرية وجوائز قائمة لويدز توحدان جهودهما لتكريم المتميزين

Through this collaboration, both entities will bring together their knowledge of the industry and their expertise to award the best in the business UAE – Dubai – 23 February 2021: Seatrade Maritime and Lloyd’s List are delighted to announce that from 2021 onwards, their event businesses will be combined as one award program for the maritime community. The combined portfolio will focus on increasing ROI, as well as non-commercial value, and enhancing guest experience (both in-person and digitally). This unison between the two leading global maritime awards will enable the…

Brazil at Gulfood 2021 with 42 Companies, Reinforces Post-Pandemic Recovery

Brazil at Gulfood 2021 with 42 Companies, Reinforces Post-Pandemic Recovery

Dubai, United Arab Emirates, (AETOSWire): Brazil today said its pavilion at the upcoming Gulfood 2021 will have a large contingent of 42 companies showcasing the country’s best-in-class food and beverage products. Brazilian companies will be taking part at Gulfood 2021 which opens on February 21, 2021 and will run till February 25, under the auspices of the Brazilian Trade and Investment Promotion Agency (Apex-Brasil). Mr. Marcio Rodrigues, the Agribusiness Manager of Apex-Brasil said: “Brazil today is the largest producer and exporter of Halal protein in the world, we also are…

Saudi Arabia’s asset management industry resilient, cautiously optimistic in 2021

قطاع إدارة الأصول بالمملكة يستقبل عام 2021 بمرونة وتفاؤل حذر

KPMG: Saudi Arabia’s asset management industry resilient, cautiously optimistic in 2021   KPMG, the leading provider of audit, tax and advisory services in Saudi Arabia, published its first edition of the Asset management review, analyzing the industry’s financial performance through the lens of twelve large asset management firms regulated by the Capital Market Authority (CMA). The report details the dynamic shift in investment strategies and business plans amid COVID-19 crisis and how varied investor behaviors have evolved in recent times. The asset management industry in Saudi Arabia reported favorable results…

Gulf Brokers: Markets cheer a Biden victory

Gulf Brokers: Markets cheer a Biden victory

Dubai, United Arab Emirates, (AETOSWire):Stocks and oil prices cheered the confirmation of Joe Biden’s victory, which means a more generous stimulus package to be deployed as soon as possible. The recent rally also supported by more upbeat news on the coronavirus vaccine. Meanwhile, Donald Trump rejected the outcome of the U.S. election, mounting legal action against vote counting in states where he lost. US stock indices climbed to the highest levels in eight months after Joe Biden’s victory in the US presidential race. The news reports about progress in the…

Arabian Travel Market 2021 to run live event in Dubai as new dawn beckons for travel & tourism industry

سوق السفر العربي ينطلق في مايو 2021 في دبي

Live event to take place at DWTC on 16-19 May 2021 and will focus on what the future holds Aviation and travel professionals more optimistic after recent vaccine announcement by US pharma giant Pfizer Reed Travel Exhibitions, organiser of Arabian Travel Market (ATM), has announced that the 2021 edition of its annual showcase, will take place live at the Dubai World Trade Centre (DWTC) on Sunday 16 to Wednesday 19 May. Now in its 27th year and working in collaboration with DWTC and Dubai’s Department of Tourism and Commerce Marketing (DTCM),…

JEBEL ALI PORT AND JAFZA SEE STEADY GROWTH IN THE CONSTRUCTION AND STEEL SECTOR

ميناء جبل علي وجافزا يشهدان نمواً في قطاع المعادن والصلب والبناء

Jebel Ali Port crossed the mark of handling 1 billion metric tonnes within 10 years, from 2010 to 2019 Jafza generated trade worth AED 13.9 billion in 2019 Dubai, United Arab Emirates, November 10, 2020: Jebel Ali Port, DP World’s flagship port handled over 5 million metric tonnes of metal, steel and construction materials in 2019. At an average, the port has handled around 4.5 million TEU from 2010 to 2019, which equates to 1 billion metric tonnes until 2019. Over 50 Million metric tonnes of general cargo has been…

AM Best’s Insurance Market Briefing – MENA to Examine Current Trends and Their Future Impact

AM Best’s Insurance Market Briefing – MENA to Examine Current Trends and Their Future Impact

LONDON–(BUSINESS WIRE/AETOSWire) – AM Best’s annual Insurance Market Briefing – MENA will be held as a complimentary webinar on 3 November 2020, at 14:00 hours, Gulf Standard Time (GST), to discuss the (re)insurance markets of the region. The Middle East and North Africa (MENA) region’s markets, particularly for reinsurance companies, have been characterised by competitive pricing pressures, overcapacity and increased incidences of large losses. In 2020, the fallout from COVID-19 and a volatile oil price environment have added to these challenges. In this 90-minute session, senior rating analysts from AM…

The UAE construction industry is expected to grow by  3.8 percent in 2021, according to Linesight’s latest market research

نمو قطاع البناء في الإمارات بنسبة 3.8% عام 2021

Linesight findings reveal the impact of COVID-19 on the UAE’s real estate industry to be relatively short lived, with modest growth expected in 2021 Saudi Arabia’s construction industry expected to be buoyed by significant funds invested in the tourism industry as part of Saudi Vision 2030  Leading international construction consultancy, Linesight, has released its latest Middle East construction industry findings, underlining the impact of COVID-19 on the sector in the UAE, Saudi Arabia, Bahrain, and Kuwait. As part of the company’s Knowledge Centre, the findings highlighted ongoing economic volatility however,…

Orient Insurance’s first half 2020 results show strong growth

S&P Global Ratings today said that Dubai-based Orient Insurance P.J.S.C. (A/Stable/–) reported stronger-than-expected gross written premium (GWP) growth and higher net earnings in the first six months of 2020, despite the pandemic and lower oil prices. Orient’s GWP increased 13.6% to about UAE dirham (AED) 2.56 billion (about $700 million) in the first half of 2020 from about AED2.25 billion during the same time in 2019. This resulted from the company’s expansion across all business lines, despite a lockdown for several weeks during this period. At the same time, the…