Business – Page 77

Pectiv is leading the way in women's hygiene, breaking into a field that has been largely unexplored.

February 18, 2023

Pectiv is leading the way in women’s hygiene, breaking into a field that has been largely unexplored.

Pectiv, a startup based in the Arab world, is breaking barriers and challenging gender stereotypes by shining a light on women’s hygiene. With its innovative range of feminine hygiene products and a unique subscription service, Pectiv has emerged as a visionary player in the field, and the Arab world’s leadership has ensured a strong customer-driven demand for its offerings.

Entities from the UAE and India have signed an agreement to collaborate on emergency medical and helicopter services.

by CEO Editorial Team

February 17, 2023

Entities from the UAE and India have signed an agreement to collaborate on emergency medical and helicopter services.

The United Arab Emirates (UAE) and India have taken a significant step towards strengthening their partnership in emergency medical and chopper services. A Memorandum of Understanding (MoU) has been signed between the Abu Dhabi-based Rapid Precision Medicine (RPM) and the Indian aerospace and defense company Hindustan Aeronautics Limited (HAL), facilitating cooperation in the fields of medical evacuation, search and rescue, and disaster management.

The profit surge of RAK Bank has reached a decade-high of 53.4%, according to the bank's records.

by CEO Editorial Team

February 17, 2023

The profit surge of RAK Bank has reached a decade-high of 53.4%, according to the bank’s records.

RAK Bank, one of the leading banks in the UAE, has reported a decade-high profit surge of 53.4%. The bank has attributed the significant growth to the strong performance of both sides of the balance sheet. The bank’s net profit for 2021 amounted to AED 1.31 billion ($356.4 million) compared to AED 853.4 million ($232.4 million) in 2020.

Al-Futtaim Toyota & Lexus UAE has undergone a change in leadership, with Jacques Brent taking on the role of Chief Executive Officer.

by CEO Editorial Team

February 17, 2023

Al-Futtaim Toyota & Lexus UAE has undergone a change in leadership, with Jacques Brent taking on the role of Chief Executive Officer.

Al-Futtaim Toyota & Lexus UAE has recently announced the appointment of Jacques Brent as the new Chief Executive Officer, taking over the reins from the previous CEO Saud Abbasi. Brent brings with him a wealth of experience and expertise in the automotive industry, having previously held senior positions at Toyota South Africa, Toyota Europe, and Toyota Canada.

The world's largest solar-powered data centre was inaugurated by Sheikh Hamdan in Dubai.

by CEO Editorial Team

February 16, 2023

The world’s largest solar-powered data centre was inaugurated by Sheikh Hamdan in Dubai.

Dubai’s commitment to renewable energy has taken a significant step forward with the inauguration of the world’s largest solar-powered data centre. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, unveiled the new facility, which has been developed by Moro Hub, a subsidiary of the Digital DEWA initiative.

Exotel has introduced its sophisticated customer engagement platform for enterprises in the United Arab Emirates (UAE).

by CEO Editorial Team

February 16, 2023

Exotel has introduced its sophisticated customer engagement platform for enterprises in the United Arab Emirates (UAE).

Exotel, one of India’s leading cloud communication platforms, has announced the launch of its advanced enterprise customer engagement platform in the United Arab Emirates (UAE). The company will begin onboarding UAE customers from this month.

UAE: ‘Insurance growth is reflection of economic growth

by CEO Editorial Team

February 15, 2023

UAE: ‘Insurance growth is reflection of economic growth’

A post Covid-19-driven growth in the insurance industry is likely to continue and is fuelled by the expansion of the larger UAE economy, said Mustafa O. Vazayil, managing director, Gargash Insurance. The UAE’s insurance sector is growing at a rapid pace, with industry experts attributing the growth to the country’s overall economic expansion. In a recent […]

Highest growth in Abu Dhabi's Mena region as GDP surges

by CEO Editorial Team

February 15, 2023

Highest growth in Abu Dhabi’s MENA region as GDP surges

Abu Dhabi, the capital of the United Arab Emirates, has emerged as the fastest-growing economy in the MENA region, posting an impressive 10.5% growth in the first nine months of 2022. According to the latest data released by the Statistics Centre Abu Dhabi (SCAD), the emirate’s real GDP has exceeded the Dh830 billion mark, driven […]

UAE’s new Commercial Agency Law ‘offers more flexibility’ on contracts and settling dispute

by CEO Editorial Team

February 13, 2023

UAE’s new Commercial Agency Law ‘offers more flexibility’ on contracts and settling dispute

The United Arab Emirates (UAE) has recently enacted a new Commercial Agency Law that is designed to offer greater flexibility to businesses operating in the country. The new law, which replaces the old Commercial Agencies Regulation of 1985, has been widely praised for its modern approach to commercial agency contracts and its ability to effectively […]

UAE central bank to issue CBDC as part of its financial transformation program

by CEO Editorial Team

February 13, 2023

UAE central bank to issue CBDC as part of its financial transformation program

The United Arab Emirates (UAE) Central Bank has announced plans to issue a central bank digital currency (CBDC) as part of its financial transformation program. This move represents a significant step forward for the UAE in terms of digitizing its economy and modernizing its financial system. In a recent announcement, the CBUAE introduced the FIT program […]

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