Female leaders come together to discuss How Organisations can Support Women’s Upward Mobility in the Workplace

Female leaders come together to discuss How Organisations can Support Women’s Upward Mobility in the Workplace

Sharjah, United Arab Emirates, Coinciding with International Women’s Day, the Pearl Initiative, the leading Gulf business-led non-profit organisation promoting a corporate culture of accountability and transparency, in collaboration with NAMA Women Advancement Establishment, will host a webinar to discuss the role of women in the corporate world and examine how organisations can create female leaders of the future by supporting upward mobility through inclusivity. The virtual event, to take place on 10th March from 3 pm to 4:15 pm (GST), will bring together leading businesswomen from the Gulf region to…

KPMG: Saudi banks stay resilient amid pandemic, backed by new regulations

«كي بي إم جي» : إثر تبني مبادئ الحوكمة البيئية والاجتماعية وحوكمة الشركات

News Highlights: Banks report strong capital and liquidity base COVID-19 increased housing demand; house mortgage witnessed double-digit growth Retail property buyers welcome lower tax rate from 15% back to 5% Institutionalization of the real estate transaction tax (RETT) Multiple efforts towards customers’ endurance In the wake of COVID-19, the process of loss quantification continues to be a challenge for banks KPMG foresees Q4 2020 as continued tenacity and resilience of the sector Dubai, December 15, 2020:  KPMG Q3 2020 Saudi banking sector analysis report records the sector experiencing a range of…

Ajman Bank Wins the Best Professional Practices   for Internal Audit Award at the 9th International Conference of Audit

Ajman Bank has been declared the winner of the Best Professional Practice Award in the internal audit category of the private sector (Fraud Category). The announcement was made at the 9th International Conference of Chief Audit Executives held this week under the kind patronage of His Excellency Abdullah bin Touq al-Marri, Minister of Economy of the UAE and organized by the Institute of Internal Auditors. Ajman Bank bagged the coveted award in a closely contested competition pitched against other banks and institutions in the UAE. Making the announcement, Mr. Mohamed…

Abu Dhabi Securities Exchange (ADX) Signs MOU with Sharjah Investment and Development Authority (Shurooq

Abu Dhabi, UAE- 24 November 2020, Abu Dhabi Securities Exchange (ADX) announced today that it has signed a Memorandum of Understanding (MOU) with the Sharjah Investment and Development Authority (Shurooq), with aims to aims to foster bilateral cooperation and to provide advanced, innovative services and facilities development to the business community in the UAE. During the signing the ceremony, H.E. Mohammed Ali Al Shorafa Al Hammadi, Chairman of ADX witnessed the signing of this agreement between H.E. Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq and Mr. Saeed Hamad…

The Pearl Initiative works to support organisations navigating  new Compliance and Culture issues in a (post)-COVID world

مبادرة بيرل تدعم جهود المؤسسات في شؤون الامتثال والثقافة الجديدة

Organisations urged to integrate transparency and accountability in their corporate compliance systems during a global pandemic United Arab Emirates (UAE), 23 November 2020: The Pearl Initiative, the leading non-profit organisation promoting a corporate culture of accountability and transparency across the Gulf Region Private Sector, announces its continued commitment towards fostering a corporate culture of accountability and transparency through its flagship Anti-Corruption Best Practices programme launched in 2015. The global pandemic and the complications of navigating business through the complex social, economic and environmental complexities has resulted in a growing focus…

A leading financial advisor urges UAE’s business owners

يجب على الشركات في الشرق الأوسط أن تتبنى

Middle East businesses must take succession planning to protect an estimated US$1 trillion worth of assets to undertake proper business succession policies to protect their hard-earned assets from getting out of hand due to death, disability or other uncertainties An estimated $1 trillion worth of assets will be transferred to the next generation of family owned companies in the Middle East over the next decad; Most family-owned private businesses in the Middle East do not survive the second or third generation due to lack of business succession plans; Business owners…

Access to funding boost for Bahrain SMEs

Access to funding boost for Bahrain SMEs

Bahrain is first mainland jurisdiction in the GCC to introduce convertible notes Changes will allow Bahrain-based SMEs and startups to fundraise via convertible notes and Employee Shares Schemes Lenders can be repaid in equity rather than cash after the maturity date of a loan Amendment also increases protection for minority shareholders and allows for the setup of non-profit companies Startups and scale-ups in Bahrain are set to benefit from a funding boost following the launch of two new schemes that make it easier to raise capital. A new amendment to…

GIES Virtual Series: Sustainability Considerations  are Key in Developing New Sukuk Instruments

GIES Virtual Series: Sustainability Considerations

Industry veterans unanimously agree on strong performance of sukuk over past year, potential that lies ahead Fifth GIES Virtual Series webinar titled ‘The New Age of Digital Retail in light of the Pandemic’, is scheduled for Tuesday, 13 October, at 11am – UAE time  The Dubai Islamic Economy Development Centre (DIEDC), in collaboration with the Dubai Chamber of Commerce and Industry (Dubai Chamber) and in strategic partnership with Refinitiv, hosted the fourth session of the GIES Virtual Series webinar that examined the opportunities and challenges in the sukuk market. Moderator…

ALDAR APPOINTS NEW GENERAL MANAGER FOR YAS PLAZA HOTELS

الدار تعيّن مديراً عاماً جديداً لفنادق ياس بلازا

Aldar Properties (‘Aldar’) has announced that its hospitality and leisure arm has appointed Saurabh Bakshi as the new Area General Manager for Yas Plaza Hotels. In his new role, Saurabh will oversee the strategic operations of the Aldar’s clustered portfolio at Yas Plaza on Yas Island. Commenting on the appointment, Jassem Busaibe, Chief Investment Officer at Aldar Properties, said: “We are delighted to have Saurabh joining our team as we continue to enhance our leisure and hospitality offerings on Yas Island. With over 20 years of experience working with the…

ALDAR APPOINTS NEW GENERAL MANAGER FOR YAS PLAZA HOTELS

ALDAR APPOINTS NEW GENERAL MANAGER FOR YAS PLAZA HOTELS

Aldar Properties (‘Aldar’) has announced that its hospitality and leisure arm has appointed Saurabh Bakshi as the new Area General Manager for Yas Plaza Hotels. In his new role, Saurabh will oversee the strategic operations of the Aldar’s clustered portfolio at Yas Plaza on Yas Island. Commenting on the appointment, Jassem Busaibe, Chief Investment Officer at Aldar Properties, said: “We are delighted to have Saurabh joining our team as we continue to enhance our leisure and hospitality offerings on Yas Island. With over 20 years of experience working with the…