Business & Money | Sunday 23 June, 2019 1:11 pm

Visa Prevents Approximately $25 Billion in Fraud Using Artificial Intelligence

Visa Inc. (NYSE: V) today announced new analysis showing Visa Advanced Authorization (VAA) using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud—making the global payment ecosystem safer for retailers...

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Business & Money | Sunday 23 June, 2019 12:54 pm

BIOS Middle East Honored with Cisco award

BIOS Middle East, the leading Managed Cloud Provider in the UAE, announced that ithas won the Cloud and Managed Services Partner of the Year Award for the Gulf East region by Cisco at theirCommercial Partner Summit 2019, which took place in Dubai.   This award is designed to...

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Business & Money | Sunday 23 June, 2019 3:20 am

CAFU to launch Research & Development Centre in Sharjah

CAFU, the MENA region’s first fuel on-demand mobile application, today announced plans to launch its Research and Development (R&D) Centre in Sharjah Research Technology and Innovation Park (SRTI Park). The move comes in line with the UAE’s vision of driving innovation within the...

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Business & Money | Sunday 23 June, 2019 2:18 am

SAMI signs a memorandum of agreement with Figeac Aéro in Paris

Saudi Arabian Military Industries (SAMI) announced that it has entered into a Memorandum of Agreement (MoA) with Figeac Aéro, a world-class French aerospace company specialized in the machining of structural, engine, and precision parts in light alloys and hard metals. The agreement was...

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Business & Money | Saturday 22 June, 2019 4:21 am

Saudi Arabia becomes first Arab country to be granted full FATF membership

Saudi Arabia has become the first Arab country to be granted full membership of the Financial Action Task Force (FATF) following the group’s Annual General Meeting in Orlando, Florida on Friday. The Kingdom’s accession comes as the FATF celebrates its 30th anniversary of its first...

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Business & Money | Saturday 22 June, 2019 4:19 am

Blueair Wins ‘Superbrands’ Award in the UAE

Blueair, a world leader in air purification solutions,announced that it has been recognised as one of UAE’s strongest and most trusted brands by the Superbrands organisation, an independent authority and arbiter of branding excellence. Blueair was voted as a ‘Superbrand’ by a...

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Business & Money | Saturday 22 June, 2019 3:24 am

Special Privilege Iqama Center to be under Interior Ministry

The headquarters of the Special Privilege Iqama will be under the Ministry of Interior. However, organizationally, the Center will be under the Council of Economic and Development Affairs (CEDA), with the possibility of setting up branches or offices for the Center, if needed. The legal procedures...

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Business & Money | Saturday 22 June, 2019 2:30 am

RAK Ruler, Saudi Ambassador discuss accelerating economic cooperation

H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, today received Turki Bin Abdullah Al Dakheel, the Saudi Ambassador to UAE, and discussed means for fostering cooperation ties between the two countries. The meeting focused on prospects for economic...

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Business & Money | Thursday 20 June, 2019 1:37 pm

Bahri hosts internship program in Dubai to equip students with maritime industry skills

Bahri, a global leader in logistics and transportation, has announced the expansion of its ‘Bahri Cooperative Training Program,’ which is being held annually in Riyadh, to the UAE. The program offers two-month on-site practical experience to ambitious undergraduate students...

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Business & Money | Thursday 20 June, 2019 12:36 pm

Saudi Ambassador to Germany visits SAMI’s booth at the Paris Air Show

His Highness Prince Faisal bin Farhan Al-Saud, Ambassador of Saudi Arabia to the Federal Republic of Germany, has paid a visit today to the exhibition booth of the Saudi Arabian Military Industries company (SAMI) at the Paris Air Show at Le Bourget Airport. The largest of its kind in the world in...

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