October 19, 2018 | English | عربي
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October 11, 2018

Damascus, SANA- For the first time in Syria and neighboring countries, a medical team at the Heart Surgery University Hospital in Damascus succeeded in performing a mitral valve replacement surgery for a 48-year-old woman.


Meggitt signs MRO with OEMServices to serve operators...
October 18, 2018

Meggitt, a company specialising in high performance components for the aerospace market, and OEMServices, dealing in component, logistic and trading services for airlines"...

Samba reports 8.3% rise in third-quarter profit
October 18, 2018

Samba Financial Group, Saudi Arabia’s third-largest bank by assets, reported an 8.3 per cent rise in third-quarter profit as special commissions and other operating"...


October 18, 2018

Global consultancy and construction group Mace said its facilities management unit, Mace Macro, has appointed Michael Coley as the new director for the Middle East, North Africa and Pakistan (Menap) region.

In this role, Coley will lead the managed services team and work across the company to drive operational efficiencies, business growth and performance improvements across Macro’s contracts, projects and programmes.

He joins Macro from Serco Middle East, where he worked initially in the Australian business as part of the transition team for Fiona Stanley Hospital before relocating to the Middle East where he"...

October 18, 2018

Dubai's Ride-hailing app Careem secured $200 million (Dh735m) from existing investors including Saudi Prince Alwaleed bin Talal's Kingdom Holding in a new round of funding to spur its regional expansion.

The investment is the first close of a round that is expected to raise more than $500m, Careem said in a statement on Thursday. The initial $200m was raised from existing investors including Japanese e-commerce firm Rakuten, Saudi Arabia's Al Tayyar Group and Saudi Technology Ventures, the VC arm of Saudi Telecom Company.


October 18, 2018

Abu Dhabi General Services Company Musanada has started work on two school projects - the Mohamed bin Zayed School in Abu Dhabi and the Jebel Hafeet School in Al Ain.

The schools, which are being built at an investment of Dh288 million ($78.3 million), will come up over a 117,000-sq-m area and accommodate a total of 4,040 male and female students in 147 classrooms.

'The execution of these two projects forms part of Musanada’s efforts to realise the vision of President HH Sheikh Khalifa bin Zayed Al Nahyan and implement the directives of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy"...

October 18, 2018

Enoc Group (Emirates National Oil Company), wholly owned by the Government of Dubai, has partnered with Microsoft to design and develop an artificial intelligence (AI)-powered service station.

The memorandum of understanding was signed by Zaid Alqufaidi, managing director, Enoc Retail and Sayed Hashish, regional general manager, Microsoft Gulf.

The Service Station of the Future concept centres on the digital transformation of the forecourt, thereby enhancing the consumer experience. By linking Enoc services with mobile apps and leveraging artificial intelligence, customers enjoy a personalised and convenient experience"...

October 18, 2018

NEW YORK: Financial technology startups and other new entrants are making inroads in the US banking market, but have yet to capture a threatening share of bank revenues, according to research published by Accenture on Wednesday.
Around 19 percent of financial institutions in the US are new entrants, such as challenger banks, non-bank payments institutions and big tech companies, according to the report. Yet they have amassed only 3.5 percent of the total $1.04 trillion in banking and payment revenues so-far, Accenture found.
In the UK, new entrants have made a larger dent, having captured 14 percent of the total €206 billion"...