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April 26, 2019

DIFC FinTech Hive launches career mentorship programme, AccelerateHer

DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, announced today the launch of AccelerateHer, a mentorship programme which equips budding female professionals with necessary tools and experience to play a more active role in the development of the region’s FinTech landscape.

 Held in partnership with Cater Murray, a global specialist marketing and sales recruitment agency, the mentorship programme will run from April to November 2019. AccelerateHer will connect young aspiring executives to accomplished professionals with relevant expertise from across DIFC FinTech Hive’s [...]

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April 17, 2019

Emirates NBD Net Profit up 15% y-o-y and 15% q-o-q to AED 2.7 billion

Emirates NBD , a leading bank in the region, delivered a strong set of results with net profit up 15% y-o-y and 15% q-o-q to AED 2.7 billion. This solid operating performance was supported by an increase in total income, driven by loan growth and stable margins. Core fee income increased 15%    y-o-y and 9% q-o-q on the back of higher income from forex and derivatives. The Bank’s balance sheet continues to strengthen with further improvements in capital & liquidity and stable credit quality.

Financial Highlights – Q1 2019

– Net profit of AED 2.7 billion, up 15% y-o-y and 15% q-o-q

– Total Income of AED 4.7 billion improved [...]

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April 17, 2019

MDS Leads Transformation of the Education Sector with Apple’s Innovative Products and Technologies

Has enhanced learning for schools in UAE; to lead strong Accessibility Initiative for students with special needs in 2019

MDS Computers Technical Systems (MDS CTS), Apple Solution Expert (ASE) for Education in the UAE, has been the fulcrum of change in the UAE’s education sector by successfully deploying Apple’s products to transform teaching and learning. Currently, the company is working with over 100 educational institutes and training centres with five of these schools being recognised as Apple Distinguished Schools. MDS CTS has also been leading an Inclusive Learning Initiative, which aims to offer students with special needs the opportunity to become active [...]

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April 17, 2019

Five Myths about Transportation Management that’s Hurting your Business

By Gautam Kumar, Co-Founder & COO, FarEye

Gone are those days when managing transportation was perceived as an afterthought. And thanks to uncompromising customer expectations this arm of a supply chain and logistics is now as important as planning procurement, managing inventory, and optimizing warehousing.

But seamless management of transportation is easier said than done. To begin with let’s clear the cloud that has been obscuring some important facts about transportation for quite some time now. Common myths like transportation will continue to be a cost center, it does not directly impact customer retention, the sector will remain unorganized, [...]

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April 17, 2019

Tenable Announces General Availability of Predictive Prioritization in Tenable.io

Tenable, the Cyber Exposure company, today announced Predictive Prioritization is now generally available within Tenable.io® — its cloud-based vulnerability management platform and a core component of the Tenable Cyber Exposure platform. Predictive Prioritization is a ground-breaking innovation for solving the vulnerability prioritization problem, enabling organizations to dramatically improve their remediation efforts by focusing on the 3 percent of vulnerabilities that are most likely to be exploited.

Attempting to prioritize vulnerabilities with CVSS (Common Vulnerability Scoring System) alone presents significant limitations. According to the National [...]

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April 16, 2019

SANS Institute to deliver its first ever cyber security training event in Oman at SANS Muscat 2019

Oman event to focus on training participants in incident handling, computer crime investigation, hacker tools workshop, security operations centers, network security architecture, automation and continuous security monitoring.

SANS Institute, the global leader in cyber security training, announced SANS Muscat 2019, the company’s first ever cyber security training event to be held in Oman, from April 27, 2019 to May 2, 2019 at the InterContinental Hotel, Muscat. The event, which is already highly subscribed, aims to develop deep, hands-on skills among cyber security professionals in the country through its popular immersion-style training.

Expert SANS [...]

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April 15, 2019

Why automation and orchestration are key to securing the digital organization

Digital organizations have a vast attack surface making it prohibitive to secure them completely using conventional techniques, explains Paul Potgieter, Managing Director – UAE, Dimension Data

With the benefits of cloud platforms and mobility becoming increasingly obvious in the region, organizations have now started migration to digital platforms. Most regional businesses today are using cloud and mobility solutions in some manner or the other, often with highly varying degrees of adoption and integration. However, no matter the degree of adoption and integration, the security challenges of digital organizations are vastly different from those of [...]

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April 15, 2019

Sharp rise in output and new work according to Emirates NBD Dubai Economy Tracker™

Dubai’s non-oil private sector economy expanded at a faster rate in March. Total business activity (output) increased at the fastest rate since January 2015. Moreover, two of the three key monitored sectors – travel & tourism and wholesale & retail – posted series record increases in activity. With new business growth also accelerating, expectations for the next 12 months were the second-strongest on record, just shy of January’s peak.  Price discounting, particularly in the wholesale & retail sector, was likely a key driver of demand in March. 

The seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator [...]

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April 13, 2019

DEWA adds instant voice chat to Rammas on its smart app

Dubai Electricity and Water Authority (DEWA) has added an instant voice chat feature to its virtual employee Rammas, in both Arabic and English, through DEWA’s smart app. Customers can now ask questions verbally to Rammas and get instant answers. The move supports DEWA’s strategy to employ artificial intelligence in all its operations and services. 

“We always seek to enrich the customers’ experience with smart services that are based on advanced systems to provide a unique government experience that contributes to their happiness. This is done by making use of disruptive technologies and artificial intelligence tools in line with the UAE Strategy for [...]

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April 8, 2019

DIFC Supports First Alternative Investment Management Summit in Europe

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced today that it has signed a sponsorship agreement to support the upcoming editions of the Alternative Investment Management (AIM) Summit in Geneva and Dubai.

Launched in 2015, the AIM Summit is the region’s leading alternative investment management conference. The annual event gathers over 500 industry leaders from hedge funds, private equity, venture capital, and private debt to discuss the latest investment developments, trends and global market conditions. The conference also provides an engaging networking forum for [...]

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April 7, 2019

Nine out of Ten Critical Infrastructure Security Professionals Say Their Environments Have Been Damaged by a Cyberattack in the Last Two Years

Report by Ponemon Institute for Tenable finds 62% of respondents said their organizations have suffered multiple attacks

Tenable, the Cyber Exposure company, released the ‘Cybersecurity in Operational Technology: 7 Insights You Need to Know’ report, an independent study by the Ponemon Institute. The study identifies the true extent of cyberattacks experienced by critical infrastructure operators — professionals in industries using industrial control systems (ICS) and operational technology (OT). It found that 90% of respondents stated their environments had been damaged by at least one cyberattack over the past two years, with 62% experiencing two or more attacks. [...]

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April 2, 2019

Synology Solutions Day Event Receives Tremendous Response

Senior executives from the company met with customers and channel partners and demonstrated their latest file sharing and surveillance solutions to a number of channel partners.

Synology, a global leading mid-range network attached storage vendor, announced that their annual Solutions Day event held at Dubai’s Nassima Royal Hotel received tremendous response. The event was attended by more than 100 customers, channel resellers and implementation partners. Synology presented its latest business file server and centralized data protection, as well as Synology’s surveillance solutions.

Speaking during the event, Nick Jheng, Synology’s Regional Manager of [...]

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March 30, 2019

Mimecast’s new Threat Intelligence capabilities to be unveiled to Middle East audiences at GISEC

Actionable Intelligence Takes Centre Stage with Presentation by Mimecast’s Chief Trust Officer

Mimecast Limited, a leading email and data security company, today announced that GISEC attendees will be introduced to Mimecast’s newly unveiled Threat Centre, with a presentation by Marc French, Senior Vice President and Chief Trust Officer. The Threat Centre is a group of hands-on, cybersecurity experts focused on providing threat intelligence that helps organisations convert threat information into value for the business.

The Threat Centre is engineered to combine email, and web data to offer actionable threat insights to security professionals helping to manage [...]

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