Kempinski Ajman Fri, 23 Sep 2022 05:23:44 +0000 en-US hourly 1 Kempinski Ajman 32 32 UAE: Man to be jailed, deported for threatening to kill business partner – News Thu, 22 Sep 2022 05:39:10 +0000

The accused had put a knife around his victim’s neck during Ramadan, saying he would murder him if he did not hand over the profits from their store in three days

Published: Thu 22 Sep 2022, 09:39

Last update: Thu 22 Sep 2022, 09:51

Ajman Criminal Court has sentenced an Asian man to three months in prison for threatening to kill his business partner.

According to court records, the 42-year-old went to the store, which he owned with his compatriot, during Ramadan with a knife. The accused held the blade to the victim’s throat, saying he would murder him if he did not receive the profit money from the shop in three days.

The accused also ordered the victim not to leave the store and drove her to her residence. Once they arrived, he again threatened to kill the victim by brandishing the knife.

A witness told the Crown that he was at the residence and heard the accused uttering threats.

The accused will be deported once he has served his sentence.


UAE Teleconsultation Market Size & Research 2022, CAGR Wed, 21 Sep 2022 07:30:00 +0000

The UAE health technology industry is currently positioned in an early growth phase and is expected to register a double-digit CAGR between 2022P and 2026P. COVID-19 has led to a shift in consumer preferences and priority for health technology products in the UAE. The target audience for Health Tech products is the general public, hospitals, clinics, pharmacies and laboratories.

UAE Healthcare Technology Market Overview

UAE Health Tech is driven by the increasing prevalence of lifestyle-related diseases (e.g. diabetes or obesity) and increased awareness of preventive care as well as increased demand for specialty care such as that for oncological diseases and cardiovascular diseases in the UAE coupled with the increase in the elderly population. UAE health technology has been segmented on the basis of product category type: E-pharmacy, online consultation and healthcare IT solutions.

By Product Category: Healthcare IT Systems is currently contributing the most in terms of revenue, as it has a relatively higher GTV than other categories and is expected to be the highest contributing category, followed by e-Pharmacy by 2026. Online consultation contributes the least because Client still prefers physical experience of clinic visit and opted for this service primarily due to closures during the pandemic.

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UAE Healthcare Technology Market Growth Strategy

Target customer: Smartphone users in the urban area aged 25 to 54 are considered the target audience for ordering consumables online because they are young, more willing to take advantage of online health services. Consumer behavior is changing dynamically due to the pandemic as more and more customers have discovered the value of ordering over-the-counter medications online or consulting their doctor via video call. Increase in personal care and consumption of complementary products like vitamin pills are also contributing to the growth of this market.

Regulation: UAE healthcare technology players must provide users with data protection, security and website integrity and encryption through an online security certificate. DHA-certified physician with appropriate skills, skills training, and knowledge in relevant technologies and tools to provide consulting services.

Future Market Scenario (Upcoming Technologies): The demand for the United Arab Emirates healthcare technology market is expected to grow with a double-digit CAGR ~% based on GTV between 2022 and 2026. Emergence of the ecosystem of the teleconsultation platform made possible by mobile medical units and intermediaries, VR technology, AI and Blockchain are some of the technologies that are revolutionizing the world. Demand forecasting and customer behavior analysis are key to ensuring sufficient availability and ensuring minimal degradation and stock-outs of HealthCare products.

The healthcare technology market in the UAE is expected to show high growth due to increased demand for pharmaceutical delivery, wide assortment of products, convenient and hassle-free online teleconsultation experience. Technological developments such as artificial intelligence, blockchain and VR environments are expected to be adopted by players in the UAE healthcare technology market.

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UAE Electronic Diagnostics Market Competitive Landscape

The industry is currently concentrated with the presence of 9 major players operating in e-pharmacy in UAE, 5 major players in the online consultation market and 6 major players in the IT solutions market. Fast delivery, lower price, convenience for the user, wide assortment of products, and availability and ease of payment are the main factors influencing the consumer’s purchasing decision. The main players are Life Pharmacy, 800 Pharmacy, Medicoplus, Intersystem, Altibbi and Okadoc.

Electronic health records (EHRs) and electronic medical records (EMRs) have advanced interoperability, which is set to become a major trend. Big data can be used to predict spikes in cases. Analysts have used contact tracing technology to identify and contain outbreaks. Exercise rehabilitation can use VR software and hardware to speed up recovery.

Key Segments Covered

By product category
Online consultation
Healthcare IT Solutions
By region
United Arab Emirates
By business model
Omnichannel model
Inventory Driven Model
E-commerce model
Annual subscription model
Healthcare IT Solution Companies in UAE

pharmacy of life
800 Pharmacy
Aster Pharmacy
Bin Sina
Docib HealthCare
CHS Community Pharmacy
Main topics covered in the report

Digital Healthcare Booking Platform in UAE
How is the UAE health technology market positioned in the UAE?
Evolution of the health technology market in the UAE
Consumer buying behavior
Supply ecosystem and challenges
Market size and segmentation
SWOT analysis
Current Technologies Facilitating the UAE Healthcare Technology Market
Upcoming Technologies in the UAE Healthcare Technology Market
Investment and financing in UAE health technology companies in the UAE
Competitive Landscape – Key Players Cross Comparison
Company Profiles
Case study and analyst recommendations
Research Methodology

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Golf Business News – Troon announces a host of new appointments and promotions to its global club and resort portfolio Tue, 13 Sep 2022 09:01:47 +0000

Golf club management and marketing company Troon announced more than ten new appointments to its portfolio of international properties this summer.

All internal promotions were hired into operational roles in North America, Europe and Asia.

One appointment of note is Harris Abdullah, who is based at The Els Club Desaru Coast in Malaysia, and has been promoted to general manager, while another is Anna Darnell at The Grove in England, who has been promoted to resort manager.

The appointment of Abdullah as General Manager of Els Club Desaru Coast is expected to bring greater value to the facilities managed by Troon Golf, while continuing to attract enthusiastic golfers to Desaru Coast through a combination of strategies. Harris’ medium and long-term goals include customer focus and sustainability.

Commenting on his new role, Abdullah said: “I am extremely happy to have come through the ranks at Troon to get this position, The Els Club Desaru Coast is a truly unique destination and I hope to develop and improve it even further. We are fortunate that our employer at Troon has access to a wealth of resources, knowledge, support and talent to draw on, enabling our teams to progress in our respective career paths and that is exactly what I ‘ve been able to do while working for Troon.”

Back in England, Anna Darnell, previously Director of Golf and Leisure at The Grove, has been promoted to Resort Director and will take on greater commercial and strategic responsibilities at the famous 300-acre estate. Darnell, who joined The Grove in 2005 as Events Sales Manager after earning the Loch Lomond PGA Professional designation, became The Grove’s Operations Manager and PGA Golf Professional, before being promoted director of golf and take on broader hobbies. related responsibilities in 2016.

Commenting on his new role, Darnell said: “Having joined The Grove 17 years ago, there hasn’t been a moment or position that I haven’t loved at this special property. Troon played a fundamental role in the establishment of the golf center in 2003 and I learned a lot from joining the team and continue to do so thanks to their international knowledge. The Grove team continues to set the standards every day and I hope that in my new role I can continue to support the hotel by remaining such a special place to play and stay, as well as help the team grow. and to continually improve. .”

There have also been a series of other significant moves within Troon’s operations around the world, including Lloyd Walton’s move to Palmilla Golf Club in Mexico to become general manager of golf. Michael Neider has also traveled the world, leaving Dubai – where he worked at Arabian Ranches Golf Club, Dubai Hills Golf Club and Montgomerie Golf Club Dubai – for Hawaii to become Golf General Manager via Sri Lanka, where he was a group short-term work. meet at the Victoria Golf & Country Resort.

Vattanac Golf Resort in Cambodia has welcomed two new additions – Chris Geraghty joins as General Manager of Royal Golf Club Bahrain, and James Durkin takes on the role of Director of Golf Operations after seven successful years at the Troon managed facilities in Abu Dhabi .

. Barry Barnard has joined Al Zorah Golf Club in Ajman as Golf Operations Manager

The UAE for Troon International has also seen a slew of moves and promotions. Barry Barnard has moved from Abu Dhabi to Al Zorah Golf Club in Ajman to become Director of Golf Operations under Managing Director Phil Henderson. Barry’s addition to the squad is perfectly timed, following the club’s recent announcement that they have started building a new clubhouse on site.

Stephen Payne took on the role of Director of Golf at The Track at Meydan Golf, continuing his nine years at Troon, including The Grove, until becoming Director of Golf Operations at Montgomerie Golf Club Dubai. James Ashman now assumes this same role after being promoted internally to now lead Montgomerie Golf Club Dubai as Director of Golf Operations.

The Centurion Club in England welcomed Peter Holland as the new director of golf who replaced Freddie Rexstrew, who left for warmer climes in Oman where he took on the role of operations director at one of the newest facilities Family Troon International, Muscat Beach Resorts.

Commenting on this busy transition period, Troon International Executive Vice President Mark Chapleski said, “We continue to provide our associates with unprecedented opportunities to work and learn from golf markets around the world. This demonstrates the fantastic growth opportunities available to our teams around the world. Promotions from within are key to our success because they allow our associates to grow and prosper while simultaneously helping our own organization grow. The pandemic has certainly interrupted the movements. These are all positive changes within Troon and we celebrate the fantastic accomplishments of these people.

Sharjah Cricket presents 47th Bukhatir League 2022 Mon, 12 Sep 2022 13:15:02 +0000

New Delhi [India]September 12 (ANI/PNN):’s 47th Bukhatir 50 Overs League kicked off on Saturday September 10. A total of 12 teams participate in this 30-day event.

11 Ace, Ajman Heroes, DCC Starlets, Pacific Group, Seven Districts, Colatta Chocolates, Sharjah Cricket Academy, Interglobe Marine, Sri Lions, Future Mattress, Karwan CC and The Vision Shipping are the 12 participating teams in the tournament.

Twelve teams are divided into four groups. They will compete in a 50+ format.

DCC Starlets and Pacific Group will play the season opener.

Watch the action live exclusively on FanCode from September 10 through October 9, 2022.

All matches in the competition will be played at the Sharjah Cricket Stadium in Sharjah.

Throughout the tournament, a total of 28 matches will be played. There will be 18 matches played in the league rounds, followed by the knockout stages. In the Round of 16, there will be two semifinals at home plate, four quarterfinals, two semifinals, one endgame at home plate and one final.

Colatta Chocolates

Krishan Paul, Laxman Sreekumar, Mohammed Aqeel, Renjith Mani (c), Akhil Das, Arjun Rajan, Krishna Kumar Ramakrishnan, Manpreet Singh, Mohtasim Jakati, Shanib Muhammad, Shyam Ramesh, Vishnu Ramesh, Hari Prasanth (Wk), Janaka Chaturanga, SapandeepSingh (Wk), Abdul Safar, Muhammad Zeeshan Butt, Nikhil Srinivasan, Taimoor Ali, Vinshad Puthamkulam.

DCC Starlets

Aaraash Raheja, Dhairya Desai, Shahrukh Amin, Shaurya Singh, Shival Bawa, Abdullah Tarique, JaidityaMalik, Karan Dhiman, Shrey Sethi (c) and (Wk), Vaibhav Vaswani (Wk), Amaan Ali, Harshit Seth, Mathew George, Rachit Ghosh, Rishabh Mukherjee, Saad Abdullah, Shubh Mehta, Yug Sharma.

Marine Interglobe

Basil Hameed, Chundangapoyil Rizwan, Muhammad Taimoor, Sandeep Singh, Vishnu Sukumaran, Yasir Kaleem, Amaan Maulvi, Hameed Khan, Shahnawaz Khan, Touqeer Riyasat, Asif Khan (Wk), Asif Mumtaz(c), Attaullah, Gopakumar Gopalakrishnan, Harry Bharwal, Junaid Siddique, Luqman Hazrat, Mohammad Zahid.

future mattress

Adil Mirza (c), Alishan Sharafu, Ansar Khan, Muhammad Usman, Syed Haider, Aryan Lakra, Rohan Mustafa, Sardar Bahzad, Shoaib Laghari, Tahir Latif, Tasawar Jammu, Umair Ali, Zawar Farid, Abdul Shakoor (Wk), Saif Janjua (Wk), Abdul Ghaffar, Akif Raja, Haider Ali, Muhammad Mudassar.

The Expedition Vision

Aditya Shanware, Ali Abid, Junaid Shamsudheen, Mohammad Nadeem, Waheed Ahmed, Arsalan Bashir, Fayyaz Ahmed, Ikram Janjua, Imran Javed, Jawad Ghani, Sajad Malook, Saqib Mahmood, Shahbaz Ali, Ubaidullah Muhammad, Muhammad Umar Arshad (Wk), Sajjad Ali Hashmi (Wk), Irad Ali, Muhammad Rohid, Sadaf Hussain.

Seven quarters

Lahiru Sandaruwan, Muhammad Haider, Muhammad Sagheer, Naveed Haider, Muhammad Uzair, Muhammad Zameer, Shahzad Ali, Wahab Hassan, Farman Ali (Wk), Muhammad Kashif (Wk), Abdul Ghaffar, Ajmal Khan, Muhammad Farooq, Muhammad Saghir Khan, Shahid Nawaz.

Karwan CC

Ali Khan, Dawood Ejaz, Haris Khanzada, Moazzam Hayat, Rameez Shahzad, Nadir Hussain, Qamar Awan, Sardar Bahzad, Tariq Mehmood, Furqan Khalil (Wk), Babar Iqbal, Hafeez ur Rehman, Imran Khan jr, Saif Ghauri, Sheraz Piya, Usama Mir, Zahid Ali.

Heroes of Ajman

Adnan ul Mulk Nawab (c), Faisal Baig, Faizan Sheikh, Sagar Kalyan, Saqlain Haider, Yash Jai Kumar, Adnan Arif, Ibthisam Sait, Nasir Aziz, Sanchit Sharma, Sheridan Hadfield, Wajahat Rasool Adnan Khan (Wk), Khalid Shah ( Wk), Ankur Sangwan, Charith Nirmal, Mohammed Ajmal, Nav Pabreja, Sheldon Dcruz, Sultan Ahmed


Fayyaz Ahmed, Usman Khan, Vibhor Shahi, NihalUmesh Ullal, Shahan Akram, Riaz Khaliq, Israr Ahmed, Usman Masood, Rahul Khanna, Shafi Ullah, Rahul Bhatia, Kaunain Abbas, Amir Ullah Khan, KK Jiyas, Sharif Asadullah, Salman Saleem I

Pacific Group

Zeeshan Abid, Tanvir Javed, Ansh Tandon, SapandeepSingh, Jiju Janardhanan, Umer Farooq-I, Wasim Akram, Saqib Manshad, Mohammad Waseem, Niaz Khan-I, Moosa Khan, Hamdan Tahir, Laxman Manjrekar, Abdul Khaliq, Zahoor Khan, Sabir Rao , Rizwan KS

Sri Lions

Vinushka Silva, Suranga Madushanka, Waruna Perera, Isham Ghouse, Poorna Silva, Sasika Samarajeeva, Dilisara Sasanka, Pawantha Weerasinghe, PrashathMahadurage, Nethpriya Dinamuni, ShehanThandakkara, Tharaka Dananjaya, Vikum Sanjaya, Sumusu Asanka Fernando, Mohamad Sihan, Mohamed Aslam

Sharjah Cricket Academy

Aryan Saxena, Zainullah, Hassan Khan II, Muhammad Ismail I, Kashish Panseja, Rayan Khan, Simranjeet Singh Kang, Yuvraj Barua, Noor Ayobi, Harsh Desai, Aayan Khan, Mohsin Chaudhry, Aryansh Sharma, MuditAgarwal, Unaib Rehman, Faisal Altaf, Maroof Merchant , Omid Rahman, Hilal Afghan

( has grown steadily since sponsoring numerous cricket events. The Sixty, Maharaja Trophy KSCA T20 2022, ICC Academy Summer Cup, Pakistan vs Sri Lanka Latest Test Series, and Road SafetyWorld Series 2022 and many more are some of them.

This story was provided by PNN. ANI shall in no way be responsible for the content of this article. (ANI/PNN)


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Webb Fontaine continues to expand and invest in business technology Thu, 08 Sep 2022 12:38:25 +0000

Webb Fontaine (, a leading provider of AI-enabled trade technologies and customs facilitation solutions to governments and trade administrations worldwide, celebrates its 20e birthday this month.

In 2002, a group of leaders in their respective fields and early adopters of new technologies came together to form Webb Fontaine. Its objective was clear: to improve the customs and trade environment by providing government agencies and commercial enterprises with state-of-the-art technology and knowledge. Customs solutions, the company’s starting point, inspired its first solutions. The market demanded cutting-edge innovations that would improve efficiency and safety. What Webb Fontaine Customs Solutions has done is that and more.

“Our customs solutions have been developed to address the fundamental issues faced by customs services around the world” Alioune Ciss, CEO Webb Fontaine

Deployed for the first time in Nigeria with its partnership with the Nigeria Customs Service. Playing a proud role in one of the most advanced customs environments in the region, supporting millions of Nigerian imports and exports annually. Even today, this allows customs revenue collection to continue its upward trend despite the threat posed by Covid-19 and other similar industry challenges.

Following the success of its customs solutions in several countries, it was clear that the trade industry as a whole could not continue to grow and meet demand without fundamental advances and investment in trade technology as a whole. . The trade ecosystem was operating in a fragmented and sub-optimal manner, leading to significant and costly delays, loss of customs revenue and poor risk management.

Webb Fontaine has focused its efforts on this by investing heavily in its research and development capabilities. To support the development and expansion of its product portfolio. The company was determined to produce solutions that not only used the latest technologies, but covered almost the entire spectrum of commerce. Today, Webb Fontaine operates 5 state-of-the-art R&D facilities around the world. These centers of excellence continue to recruit the best minds in the industry to develop innovative products and services in line with the demands of modern international trade. Today, more than 300 highly talented and highly qualified people work in these research centers and play a crucial role in the constant growth of the company’s product portfolio.

Webb Fontaine’s solutions, deployed in several countries around the world, now form a fully integrated portfolio. Supported by AI, these include one-stop-shop operations (, Customs systems (, electronic payment gateways (, AI-based risk management, Port Community Systems (, Government reforms (, Trade Compliance (, IT infrastructure development (, automated cargo tracking and classification, freight management systems and many more.

“Our portfolio has been developed with the goal of fostering widespread access to critical business technology, all of our products are fully transferable to our partners, support different languages ​​and can be used in both developed and undeveloped business environments. All of these years of investment and R&D have paid off, giving us a truly unique portfolio that we can confidently deploy in almost any setting. Samy Zayani, Commercial Director of Webb Fontaine

Over the years, Webb Fontaine has enjoyed numerous collaborations with the forward-thinking governments of Bahrain, Benin, Niger, Egypt, Nepal, Abu Dhabi, Panama, Nigeria and Ajman, among others.

Development of its solutions continues after recently launching a state-of-the-art Integrated Risk Management (IRM) service in Egypt in partnership with Misr Technology Services.

As the company observes its 20e anniversary, the commitment to building the future of commerce through technology remains stronger than ever.

“We have never strayed from our mission to equip governments and trade entities with scalable technology and expertise that will improve the customs and trade environment.

In recent years, international trade has come under great pressure. Technology is essential across the entire commerce ecosystem to counter industry threats to continue to keep commerce flowing efficiently, effectively and continuously.

We now have 25 entities around the world, with nearly 1,000 employees, 30% of whom are dedicated to R&D.

We are committed to expanding our efforts around the world so that everyone who engages in commerce can benefit from the many revolutionary solutions we continue to build, develop, deploy and transfer. Alioune Ciss, CEO of Webb Fontaine

Distributed by APO Group on behalf of Webb Fontaine.

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been checked or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.

Al Mal Capital REIT Announces Semi-Annual Dividend Distribution Thu, 08 Sep 2022 07:05:44 +0000

Al Mal Capital REIT (AMCREIT), the first REIT listed on DFM and managed by Al Mal Capital PSC will pay a semi-annual dividend of AED 2.5 fils ($0.68) per unit, to unitholders, as approved by the fund manager at the AGM.

Al Mal Capital REIT is focused on adding quality real estate assets in designated sectors including healthcare, education and industrial. The operating model is designed to provide stable income, long-term capital appreciation and diversification benefits to its stakeholders.

AMCREIT’s first acquisition of two school campuses of Al Shola Private Schools in Ajman for AED 300 million is re-leased to the operator on a triple net basis, resulting in realized rental income and thus facilitating the bi-annual distribution of dividends.

Value proposition

“Al Mal Capital REIT has demonstrated its ability to meet the challenges posed by unprecedented circumstances and the fund’s performance is the result of the model’s commitment and resilience to adapt and deliver quickly. Al Mal Capital REIT’s strategy is focused on generating an attractive value proposition model with a high level of visibility and sustainability,” said Naser Nabulsi, Vice President and CEO of Al Mal Capital PSC.

“The robust and continued growth of Al Mal Capital REIT is a step forward in launching a policy of progressive dividends for unitholders in the years to come. As the REIT evaluates several investment opportunities, the approved semi-annual dividend recognizes the REIT’s financial condition and builds confidence in the growth prospects and ability to generate cash flow going forward,” said Sanjay Vig. , Managing Director, Al Mal Capital PSC.

Listed on the Dubai Financial Market (DFM) as “AMCREIT”, Al Mal Capital REIT will continue to maintain high levels of transparency and constructive engagement with unitholders.– TradeArabia Press Office

Jobs in the UAE: 7 ways to search for vacancies in the public sector and private companies – News Thu, 08 Sep 2022 03:00:00 +0000

Tax-free income is the biggest draw for people around the world

jobs, job, uae banks, dubai, uae, abu dhabi, interviews, bank, financial services

Published: Thu 8 Sep 2022, 07:00

Last update: Thu 8 Sep 2022, 06:08 PM

The work culture and job satisfaction in government and private companies in the UAE are among the best in the world. Millions of expatriates call the country home because of the security and opportunities it offers.

A tax-free income is the biggest draw for people around the world to take up employment here.

Employee experience platform Great Place to Work recently declared that seven of the top 10 workplaces in the Middle East are in the United Arab Emirates.

Tens of thousands of people come to the country each month to seek employment. An updated visa system – which will come into effect in October – specifies a new category of entry permit, specifically aimed at job seekers.

Here are the different ways to search for a job in the country as listed by the official UAE government website.

1. Government Job Portals

  • Federal Government:
  • Abu Dhabi:
  • Dubai:
  • Ajman:
  • Ras Al Khaimah:
  • Fujairah:

2. Classifieds

There are several classifieds sites in the country, including one run by Khaleej times:

3. Recruitment Agencies

You can register with one of the many recruitment agencies registered in the country. According to the official UAE government website, “Job seekers are not required to pay any money to a recruitment agency as employers are responsible for paying these fees.”

4. Websites of companies, government agencies

Most private and public sector companies list their vacancies in the “Careers” or “Work With Us” sections of their websites.

5. Networking sites

You can search for jobs on professional networking sites like LinkedIn. You can also use the platform to network.

6. Private Job Portals

There are several private job portals in the UAE. You can register on one of the websites for relevant vacancies. Remember that you are not required to pay a commission to the recruiting company.

7. Career fairs

These are regularly held in the United Arab Emirates. These fairs give job seekers the opportunity to search for positions or simply network with companies.


The Ministry of Finance organizes the second meeting of the Council of coordination of the financial policy of the government for 2022 Wed, 07 Sep 2022 11:54:02 +0000

The Ministry of Finance (MoF) today held the second meeting of the 2022 Government Financial Policy Coordination Council. His Excellency Younis Haji Al Khoori, MoF Under-Secretary and Chairman of the Council chaired the meeting, which took place virtually, alongside His Excellency Saeed Rashid. Al Yateem, Deputy Undersecretary for Resources and Budget Sector and Vice Chairman of the Board.

Council members from several UAE government entities attended the meeting. In attendance were: His Excellency Ibrahim Obaid Al Zaabi, Deputy Governor of the Department of Monetary Policy and Stability at the Central Bank of the United Arab Emirates; Her Excellency Buthaina Al Mazrui, Deputy Director General for Executive and Financial Affairs at the Ministry of Finance – Abu Dhabi; His Excellency Arif Abdulrahman Ahli, Executive Director, Planning and General Budget Sector at DoF – Dubai; His Excellency Waleed Ibrahim Al Sayegh, Director General of Sharjah Department of Finance; His Excellency Yousef Muhammad Al Balushi, Deputy Director General of Finance Department of Ras Al Khaimah; His Excellency Marwan Al Ali, Director General of Ajman Finance Department; and Mrs. Mariam Abdullah Al Matroushi, Deputy Director of DoF – Fujairah.

During the meeting, Board members were updated on the implementation of recommendations from the previous meeting. A presentation was also made on the consolidated financial statements of the United Arab Emirates for 2021 and the first quarter of 2022. Members also discussed the project to improve the competitiveness and transparency of climate and environmental expenditure data, in addition to discuss the latest developments in the establishment of the early warning system. financial framework “a framework and a plan for the future”. The meeting also welcomed Her Excellency Hanan Mansour Ahli, Director of the Federal Center for Competitiveness and Statistics, to make a presentation on the UAE’s intention to join the Special Data Dissemination Standard (SDDS) and to confirm receipt of the International Monetary Fund mission for Article IV consultations, who will visit the country during the current month.

The Government Financial Policy Coordinating Council was formed by UAE Cabinet Decision No. (39) of 2008 and its members are the Undersecretary of the Ministry of Finance, representatives of UAE government entities United Arab Emirates and a representative of the Central Bank of the United Arab Emirates. .


For more information please contact:
Marie Khamasmieh
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Weber Shanwick

Sara Abuhassira
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Enterprise Asset Management (EAM) Space Market Size 2022 Demand, Global Trend, News, Business Growth Wed, 07 Sep 2022 10:40:59 +0000

Major companies covered in Enterprise Asset Management (EAM) space research are Roads and Transport Authority (RTA), Mowasalat, Ajman Public Transport Corporation, Serco Group, Etihad Rail and other key market players.

The global Enterprise Asset Management (EAM) space market size will reach xx Million USD by 2030, growing at a CAGR of xx% during the analysis period.

As the global economy recovers in 2021 and the supply of the industrial chain improves, the Enterprise Asset Management (EAM) space market will undergo major changes. According to the latest research, the market size of Enterprise Asset Management (EAM) Space industry in 2021 will increase USD xx Million from 2020, with a growth rate of xx%.

Request a free sample of this strategic report: –

The Global Enterprise Asset Management (EAM) Space Industry Report provides top-notch qualitative and quantitative insights including: Market Size (Value 2014-2021 and Forecast 2022). The report also contains descriptions of major players, including key financial indicators and analysis of market competitive pressure.

The report also assesses key market opportunities and outlines the factors that are and will be driving the growth of the industry. Considering previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global enterprise asset management (EAM) space market over the next few years.


The Enterprise Asset Management (EAM) Space Market can be split based on product types, major applications, and major regions as follows:

North America
South East Asia


By Type– Bus– Heavy Rail– Light Rail– Trolley Cars By Application– Government– Oil & Gas– Healthcare– Transportation & Logistics– Manufacturing– Energy & Utilities– Other (Retail, Metals & Mining)


Market definition and overview
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Emirates News Agency – ‘Salik’ announces plans to enter Dubai Financial Market Mon, 05 Sep 2022 08:41:01 +0000

DUBAI, 5th September, 2022 (WAM) — Salik Company, Dubai’s exclusive tollgate operator, today announced its intention to conduct an initial public offering (IPO) and list its ordinary shares for trading on the Dubai Financial Market (DFM).

In a statement on Monday, Salik said that one billion five hundred million (1,500,000,000) shares each with a par value of AED 0.01 will be made available under the Offer, representing 20 % of Salik’s total issued share capital.

She added that the offer includes Individual Subscribers (first tranche); Professional Investors (second tranche) and Eligible Employees (third tranche). The subscription period will open on September 13, 2022 and is expected to close on September 20, 2022 for UAE retail investors and September 21, 2022 for qualified investors.

The Government of Dubai, represented by the Ministry of Finance (the “Selling Shareholder”), reserves the right to vary the size of the Offering at any time prior to the end of the Subscription Period, at its sole discretion, subject to subject to applicable laws. and the approval of the Securities & Commodities Authority (the “SCA”).

Emirates NBD Bank’s internal Shariah Oversight Committee has issued a statement on Shariah confirming that in its view the offer complies with Shariah principles. Admission is expected in September 2022. The share capital of the Company, as of the date of listing (the “Announcement”), has been set at AED 75,000,000, divided into 7,500,000,000 fully released, the value of each Share being AED0.01.

Following the Offering, the Company intends to pay dividends twice, in April and October of each financial year. The Company expects to pay a first dividend for the second half of 2022 by April 2023, and it expects to pay out 100% of net profit, after setting aside the legal reserves required by law (legal reserves are expected to be to AED 37.5 million for the first dividend).

From 2023, the Company plans to pay out 100% of the net distributable profit as a dividend. This dividend policy is subject to review by the Board of Directors of the Company’s corporate cash management requirements for operating expenses, interest expense and planned capital and investment expenditures.

In addition, the Company expects the Board to also review market conditions, the operating environment then prevailing in the Company’s markets and the Board’s outlook regarding the Company’s business and growth opportunities.

Mattar Al Tayer, Chairman of the Board of Salik, said: “Thanks to the wise leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai has managed to chart an economic course clarity and an ambitious growth plan that includes attracting direct strategic investments. »

He added: “Last June, His Highness Sheikh Mohammed bin Rashid enacted Law No. oday is a continuation of the privatization program pursued by the emirate of Dubai and its project to double the size of its financial market to three trillion dirhams and to attract foreign investment. Salik has played a central role in traffic management in Dubai for 15 years and will continue to remain at the heart of expansion plans in the road and transport sector, in support of the Emirate’s economy.”

The Chairman further stated that the company is in a prime position to benefit from additional growth opportunities and is designed to ensure efficient operations. It is underpinned by an effective regulatory framework that supports future growth and a business model that requires low capital expenditure. It also boasts cash conversion margins that are considered best in class.

Al Tayer pointed out that the road and transport network infrastructure in the emirate of Dubai, which is based on state-of-the-art technology, is one of the best in the world, and that the road network has retained the first position. in terms of road quality worldwide for several years.

Ibrahim Sultan Al Haddad, CEO of Salik, said: “As the exclusive toll operator in Dubai, Salik is a truly iconic brand that offers investors a unique opportunity to access Dubai’s exciting growth story in exposing themselves to a high quality infrastructure. Salik’s bespoke technology facilitates the frictionless and affordable movement of residents and tourists between Dubai’s many iconic destinations. »

He added: “The initial public offering represents an important step in Salik’s journey as it provides the company with the opportunity to consolidate its success as the exclusive toll operator in Dubai, currently operating eight gates across strategic locations across the busiest areas. The long-term principles and values ​​of the company are centered on customers, the environment, human capital and modern technologies.

“At the community level, Salik offers exemptions and subsidies for determination vehicles, public transport and school buses. Salik’s focus on people extends to improving the customer experience and developing human capital, emphasizing the values ​​of equality and inclusion.

The Government of Dubai, represented by the Ministry of Finance, plans to sell 20% of Salik’s total issued share capital (equivalent to a total number of 1,500,000,000 shares), with the selling shareholder retaining the right to change the size of the Offer at any time prior to the end of the subscription period in its sole discretion, subject to applicable laws and the approval of the SCA.

In addition, in connection with the Offer to Qualified Investors, and in accordance with both the Companies Act and Dubai Law, the following provisions will apply: five per cent of the Offer will be reserved for offered to the Emirates Investment Authority (the “EIA”), and; five percent of the Offering will be reserved for offering to the local Military Personnel Pension and Social Security Fund (the “Fund”).

The subscription period for the UAE Retail Offering is expected to run from September 13, 2022 to September 20, 2022, with the subscription period for the Accredited Investor Offering expected to run from September 13, 2022 to September 21, 2022. offer price per Share (the “Offer Price”) will be determined through and following a book-making process. Investors participating in the UAE Retail Offering will subscribe for Shares at the Offering Price.

Completion of the offering and admission is currently expected to occur in September 2022, subject to market conditions and receipt of relevant regulatory approvals in the UAE, including approval for listing and trading on the DFM.

Pursuant to an Underwriting Agreement to be entered into between the Company, the Selling Shareholder and the Joint Bookrunners prior to the date of Admission (the “Underwriting Agreement”), the Shares held by the Selling Shareholder will be lock-up from the date of the Underwriting Agreement up to and including 180 calendar days from Listing (the “Lock-Up Period”), subject to certain permitted transfers as set out in the prospectus. The Company will also be subject to a Lock-up Period as set out in the prospectus.

Moelis & Company UK LLP DIFC Branch has been appointed independent financial adviser and Emirates NBD Capital PSC has been appointed financial adviser to Salik.

Emirates NBD Capital, Goldman Sachs International and Merrill Lynch International have been appointed Joint Global Coordinators and Joint Bookrunners.

Citigroup Global Markets Limited, EFG Hermes UAE Limited (acting jointly with EFG Hermes UAE LLC) and HSBC Bank Middle East Limited have been appointed Joint Bookrunners.

Emirates NBD Bank PJSC has been appointed lead receiving bank. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Ajman Bank, Commercial Bank of Dubai, Dubai Islamic Bank, Emirates Islamic Bank, First Abu Dhabi Bank, Mashreq Bank, MBank and Sharjah Islamic Bank have also been named as receiving banks.