International Business Magazine Issue 4

"Reliability, Innovation, Enhancement and Challenges are all the elements we put in our heart when we deliver service."

Christopher Jason CEO, Prime Point LLC

WELCOME Managing Director Shashank M Co-Founder & CEO Shankar V S Chief Editor Pragnesh Shah Assistant Editor Trishna Das Head of Operations John Davis Head of Production Shank Mendez Head of Reasearch Laura Edwards Head of Media Sales Charles Grey Media Sales Manager Chris Young Advertising Contact: chris@intlbm.com Content Managers Daniel Edwards, Sumana Shankar Business Development Charles Grey, Mike Cooper, Paul Copper, Alisha Taylor, Debi Miller, Jane Sanders Graphic Designer Flyer Creative Designs Accounts Manager Agnes Wong Offices: Registered Address: Sharjah Media City (Shams), Al Messaned, Al Bataeh, Sharjah, United Arab Emirates.

P.O. Box: 515000

Editorial 2021 INTERNATIONAL BUSINESS MAGAZINE For our 2021 finance and technology developments of the year, we review the Covid pandemic's effect on advanced innovation.

The pandemic has overshadowed all other conversations. And the technology that presents us with the greatest promise for 2021 — COVID-19 vaccines — is a biotech one. In this issue, we will zero in on the turn of events and ramifications of electronic innovation and what it has signified for the monetary area for as far back as one year. In this manner, for our 2021 innovation of the year, we have voluntarily adopted an alternate strategy and feature the pandemic on advanced innovation.

Let us, in short, go through what sort of progressions occurred throughout the long term and what it indeed suggested for the monetary area amid these tiring occasions. As the COVID-19 pandemic keeps on making vulnerability, numerous FinTechs are under pressure on various fronts. Be that as it may, as the more extensive economy shifts from "react" to "recuperate," creative freedoms might be made for some FinTechs. A critical analysis is how FinTechs may use their novel resources and abilities to take advantage of new lucky breaks later. It very well may be an ideal opportunity to plan for an impressive future and act strongly.

The most prompt worry is overseeing through the current vulnerability.

Numerous FinTechs, similar to the remainder of the monetary framework, have gone into overdrive to react to the emergency. Many, including InsurTech and PropTech organizations, support their capital and financing from financial backers and loan specialists. Others have executed expense-saving measures, including labor force decrease. Keeping up operational flexibility is top of the psyche also. Loaning FinTechs are being immersed with client demands for patience and alleviation, just as to help get the independent venture credits set up by the Payroll Protection Program (PPP) of the Coronavirus Aid, Relief, and Economics Security Act (CARES Act). For InsurTechs, winning the consideration of financial backers is required to get much more troublesome, given the number of new businesses effectively on the lookout. Furthermore, drawing in end-clients probably will not be any simpler as backup plans develop their concentration to quick requirements and cost the executives in the wake of the COVID-19 episode.

Office Address: Suite No 502, Al Tawahidi 1 Building, Floor 5, Khalid Bin Al Waleed Road, Bur Dubai, Dubai, United Arab Emirates.

Email: info@intlbm.com Phone: +971 55689713

For the UAE, over 92% of individuals use cell phones, introducing an excellent chance for FinTech organizations now. The financial innovation industry will arise more grounded from the post-Covid period as more individuals go to computerized installments as they work distantly and practice social separating. The best anyone can hope for at this point is to have persistence as the world unfurls.

Image Source: www.istock.com

Pragnesh Shah Chief Editor Be sure to check out our website at www.intlbm.com Connect with us on Twitter: @interna11168480 and Facebook: @intlbm Instagram: @intlbm.

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Content 04. TRADING: As a top-class broker 06. TECHNOLOGY: Dubai Taxi and BluWave-ai Launch Innovative Partnership for AIEnabled Taxi Fleet Electrification and Optimization 08. TECHNOLOGY: Considering The Cloud: A Viable Solution For Everyone 09. TECHNOLOGY: Skymagic and Fireworks by Grucci showcase Drone show at Ras Al Khaimah 11. ENERGY: Spanish Minister lauds UAE’s experience in science, innovation, renewable energy 12. BLOG: Hamdan Bin Rashid… Our Legacy To building the future of the UAE 15. INTERVIEW: First-Class Forex Trading Broker with Industry-leading Standard 17. TECHNOLOGY: Skymagic and Fireworks by Grucci showcase Drone show at Ras Al Khaimah 18. REAL ESTATE: Lootah Real Estate Development’s fractional ownership platform receives over 3,000 enquiries in 2 months 22. EXPORT: Abu Dhabi Fund for Development Allocates AED735 Million to Abu Dhabi Exports Office in 2021 to Support Export Financing 26. TELECOM: Etisalat crowned strongest brand in the MEA region 30. AVIATION: Bombardier Challenger 350 Jet reports ‘Most Delivered in Category’ for seventh consecutive year 32. TECHNOLOGY: Global Partners to Join Huawei’s TECH4ALL Digital Inclusion Initiative 37. AUTOMOTIVE: GWM Appears at Chengdu Motor Show with Over 10 New Products From Its Five Vehicle Brands 38. ENERGY: Shanghai Electric to Unveil Solutions for Smart Energy and Intelligent Manufacturing at Expo 2020 Dubai 40. TECHNOLOGY: Attorney General Becerra Warns Investors and Consumers to Beware of Digital Asset Scams 44. CRYPTOCURRENCY: Crypto.com Announces Global Alliance Partnership and Principal Membership with Visa 46. FINTECH: UAE-based fintech NOW Money secures $7m to expand digital banking solution across the GCC 50. AUTOMOTIVE: SAIC Motor Expo Dubai concept car “Kun” unveiled 52. BANKING: YAP Launches First Independent Digital Banking Platform In The United Arab Emirates

TRADING

As a top-class broker, we devote to providing our customers with the most high quality service . ・ High-speed Trading Platform ・ Negative Balance Protection with Leverage 999:1 ・ $4/Lot Unlimited Trading Bonus ・ Multiple Deposit Methods ・ Multilingual Customer Support Reliability, Innovation, Enhancement, and Challenges are all the elements we put in our heart when we deliver service.

BigBoss provides a new platform of FX deals to our dearest professional trader/portfolio manager.

As a financial institution, we treasure reliance from our customers, and we strive to take our service to a whole new level.

Incorporate with high reliance liquidity flow of currency rate in the market. Our service is like nowhere else.

Reliable SVG IBC Member We are a member of SVG IBC With the independent management of our customer deposit account and our company fund, customers can rest assured that all deposit is secured.

Compliance based on SVG IBC. We registered as an International Business Corporation (IBC) located in Saint Vincent and the Grenadines to provide international financial service.

Based on the supervision of Saint Vincent and the Grenadines authority, we abide by all legal system of every country while delivering service.

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TRADING

Trade Forex, CFD on single Stocks, Stock Indices, Gold, Oil and Bitcoin

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TECHNOLOGY

Dubai Taxi and BluWave-ai Launch Innovative Partnership for AI-Enabled Taxi Fleet Electrification and Optimization

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TECHNOLOGY Dubai Taxi has partnered with Canadian AI CleanTech innovators BluWave-ai to work towards AI-enabled fleet electrification and optimization.

Dubai taxi, a division of the Road and Transit Authority (RTA), is one of the world’s leading transportation entities at the forefront of taxi electrification worldwide.

The last 3 years, Dubai Taxi has been operating 200 electric taxis and plans to transition much of its taxi fleet of over 5000 vehicles to a low emission, low-cost transportation network. The RTA has endorsed a long-term plan to have zero emissions by 2050 for public transport in Dubai. The city is the first government body in the MENA region to create such a sustainable plan for public transport.

The partnership leverages BluWave-ai’s 9 USPTO patents in the field of energy optimization and electric fleets, coupled with Dubai Taxi’s decarbonization initiatives, gaining insights from operational data, applying those

insights to live operations, reducing energy costs through maximizing renewable energy use.

“Dubai is a great market to deploy AI technologies from leading Canadian innovators such as BluWave-ai,” said Jean-Phillippe Linteau, Consul General of Canada in Dubai. “We are thrilled that BluWave-ai is working with Dubai Taxi Corporation to assist in their sustainability initiatives.”

“With our EV fleets becoming an extension of the electricity grid, Dubai Taxi working with BluWave-ai solutions will allow us to fully leverage our data sets.” said Ammar Albraiki, Assistant Managing Director at Dubai Taxi, “Using live artificial intelligence systems to decide when vehicles can dynamically be charged and dispatched, we see a path to better monetize our investment in our Tesla and EV taxi fleets.”

The first phase of the collabo-

ration is an offline simulation phase building AI models and offline systems in the BluWave-ai EV fleet orchestrator product.

The system can be deployed in live operations to make continuous system level optimizations. Once this initial phase of is complete, Dubai Taxi will have all the metrics and systems it requires to deploy BluWave-ai EV Fleet Orchestrater, leveling up to system integration and network wide deployment.

“With multiple years of data, BluWave-ai can now help Dubai Taxi understand how their taxis are being used on the road,” says Devashish Paul, CEO of BluWave-ai, “Today electric taxis are on a static charging schedule regardless of revenue generating opportunities, leaving potential margin dollars from EV taxis unrealized. Our AI solutions help better understand fleet charging and dispatch scheduling, maximizing benefits of real-time operations.”

As received in a press release

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TECHNOLOGY

Considering The Cloud: A Viable Solution For Everyone What is distributed computing?

Distributed computing (or distributed storage), is the way toward putting away information on the web and it is acquiring in prevalence for a few reasons. It is a safe method to store data, information is secret key ensured, it very well may be effectively imparted to other people, it can't get lost, harmed or taken and it occupies no actual room on your PC. As of recently, information was put away genuinely on circles, hard drives or glimmer drives. The drawback to this is that it occupies room to store the information, there is consistently the danger of materials getting lost, harmed or taken and in the event that you need to share it you need to make duplicates and some way or another securely get it to someone else at an alternate area.

There are numerous advantages that distributed computing organizations offer, including: Distributed storage offers you so much or as little space as you need-and you just compensation the host for what you use. This sets aside you cash and is incredible for organizations that may require more space, say, at active seasons and less space in slow time of year times.

Any necessary upkeep is dealt with by the host, so you needn't bother with an enormous IT office.

Access your records any time from any gadget You may gain admittance to records, projects, formats and different applications given by the host organization. The principle advantage of this is that you don't need to download anything on your PC... it's everything on the host's site. This saves space on your PC while all you require is only a tick away.

Secret word ensure explicit documents and envelopes to keep them hidden and share them with just those you decide to.

How would I begin?

To exploit distributed computing, you should initially settle on a host. This is the distributed computing organization that will construct, keep up and ensure the 'cloud' where your data will be put away. Distributed computing organizations offer a wide cluster of administrations and can go extraordinarily in cost. Some are free, some are just $1 every month and still others can charge more than $50 per year. It is critical to pick the host that is appropriate for your business.

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TECHNOLOGY

Here are the 3 most mainstream distributed computing organizations:

Google Drive - Google's administration is free for the primary 15GB of space. It stores your information, and to alter, store and offer pictures, music, records and structures. It very well may be utilized with Google Docs-simple to-utilize formats to assist you with making the best records.

DropBox - They have a free and paid form. Dropbox is very secure and you can give secret phrase ensured admittance to explicit envelopes to choose individuals so they see just what they need to see and that's it. Live visit and telephone support remove the mystery from setting up your site.

just

cloud JustCloud - Offering free and paid records just $3.95 per month-this organization offers simple intuitive customization, bank-grade encryption and the capacity to synchronize different PCs so you have 100% admittance to your documents, constantly.

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TECHNOLOGY

Confidence moves everyone forward

The more protected we feel, the more confidence we become. And when that confidence is passed along to others, the world moves forward.

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ENERGY TECHNOLOGY

Spanish Minister lauds UAE’s experience in science, innovation, renewable energy

UAE And Spain Advancing With Massive Technology Adoption The UAE's Ministry of Industry and Advanced Technology (MoIAT) and Spain's Ministry of Science and Innovation (MSI) marked a Memorandum of Understanding (MoU) that will see them Spanish for Science, build up aMinister trend setting innovation system over the course the following Innovation, and of Universities three years.

Pedro Duque has praised the Emirati experience in thereciprofield The system expects to cultivate cal cooperation the regions of innovaof science, in innovation and tive progression, innovation moves and clean and renewable energy, the organization of key industry 4.0 advances. citing the example of Masdar City, which is the first city in Sarah Al Amiri, UAE Minister of State for the world Technology, to rely on clean and Advanced and Pedro Duque, Spain'senergy Ministerand of Science and renewable the first Innovation, written the understanding sustainable residential comwithin the sight of Omar Ahmed munity.

Suwaina Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, Al Suwaidi, UAE This cameMajid during a meeting diplomat to Spain, Antonio Álvarez between the UAE’s AmbassaBarthe, Ambassador of Spain to the dor Spain, Majidauthorities Al Suwaidi, UAE, to close by different from the two services.

and Minister Duque, the first

Sarah Al Amiri said this MoU lies at the center of Ministry's unbiased of improving modern and building new monetary areas through the appropriation and organization of industry 4.0 advances and encouraging solid inR&D Spanish astronaut, theassociaprestions.

"Close cooperation in basic fields, for example, Health and Life Sciences, Renewable Energy, Space, Transportation, Artificial Intelligence, Industry 4.0 and Enabling advancements will help our nations better face society's most ofsqueezing Understanding interdisciplinarybetween and associated difficulties."

"Through our work with the Spanish ficials from both sides.

Ministry of Science and Innovation, we will assemble durable, in-country During theteaming meeting, esteem by up on they public disneed areas, improving our intensity, and cussed issues upof ourcommon further speeding monetary broadening endeavors as we encourage concern and means of develan information based economy upheld oping cooperation by trend setting innovation."between

concerning cooperation the incorporate wellbeing and life in sciences

ence of a number of senior of-

the UAE and Spain, particularly 'This association will likewise uphold endeavors to science, upgrade our R&D, inourthe fields of inno-

catalyzing our endeavors to en-sure that

vation, technology, inadvancement stays an artificial essential piece of our future telligence, and progress.'

development

and

space, in a way

that serves the mutual inter-

Pedro Duque said this understanding is ests of bothforcountries. fundamental both of our nations. It will permit us to increment logical The meeting also touchedof collaboration through the foundation a vigorous institutional system.

upon a draft Memorandum

both countries’ governments

Zones of joint effort under the MoU

that incorporate accuracy, customized fields of research, developmedication arrangements; space frameworks and including the business ment, innovation.

improvement and dispatch of little multi-use satellites; transport and coordinations innovations, for example, Duque expressed hiscontinuous pleacoordinations and inventory network sure meeting,sustainable which the over board the frameworks; power including capacity, savvy lattice he fruitful, and anddescribed sun orientedas force advances; and man-made reasoning (AI) and 4IR welcomed jointmechanical coopadvances tofurther upgrade assembling measures productivity.

eration that might contribute

MoU intends to advance different toThe the solidifying of bilateral zones of participation, including coordinated effort relations.

between the modern and scholastic area, joint innovative work (R&D) projects, the development of joint creative mechanical groups, informaAs received in a Press Release from tion, protected innovation (IP) and United Arabconventions Emirates Ministry of capacity trade and authorizing game plans.

Industry and Advanced Technology 11 11

BLOG

HAMDAN BIN RASHID… OUR LEGACY TO BUILDING THE FUTURE OF THE UAE

Obaid Humaid Al Tayer Minister of State for Financial Affairs

A

track record that is full of achievements and benevolence cannot be summed up into a set of words. What the late His Highness Sheikh Hamdan bin Rashid Al Maktoum, may God have mercy on him, has achieved since the founding of the UAE 50 years ago, goes beyond words, and is a living evidence of his insightful thinking that laid the foundations for the UAE’s comprehensive development process.

The late His Highness Sheikh 12

Hamdan bin Rashid established the UAE’s financial system, and worked continuously to spur it and enhance the efficiency of the financial and economic sector in the country, which elevated the UAE’s position on global competitiveness indices. e late His Highness Sheikh Hamdan was one of the pioneers who advanced the development process of the UAE, and left footprints in the political, economic, social, cultural and sporting aspects

of life in our nation. e late His Highness Sheikh Hamdan was the first to take responsibility for fiscal policy, laid the first pillars of the national financial system, and was the first to support innovation in banking. Also, the late His Highness Sheikh Hamdan directly supervised the construction and development of a robust financial policy for the UAE. The world’s longest serving Minister of Finance led the

BLOG

Ministry of Finance’s efforts in devising sound financial policies and legislation that reiterated the country’s position as a global financial and economic hub. During his reign, the UAE’s financial and economic work saw quantum shifts that contributed and still contribute to achieving sustainable economic, financial and social development, while positioning the UAE among the ranks of the best countries in the world in terms of implementing the best fiscal and monetary policies.

The late His Highness Sheikh Hamdan bin Rashid has attained remarkable milestones in achieving Gulf Economic Integration. He was also keen to represent the UAE Ministry of Finance in all regional and international financial forums and conferences, in order to maximise the technical and financial support services provided by regional and in-

ternational organisations and institutions to the region and the world. at, in addition to His Highness’s role in stimulating the signing of Double Taxation and Investment Agreements, as well as his key contributions in the establishment and support of many Arab, Islamic and international financial and development organisations.

The late His Highness Sheikh Hamdan is an example to follow in his humanitarian and charitable work, and his giving character. We learned from him that giving is a way of life, and that helping others is a solid legacy in our Emirati conscience. e memory of the late His Highness Sheikh Hamdan will always inspire us with the values of goodness, love, and tolerance in various humanitarian fields and aspects.

The various achievements of the late His Highness Sheikh Hamdan will enlighten our

path to success, and will incentivise us to continue our work and move forward to achieve his vision to place the Ministry of Finance as a global pioneer in the financial field. We pledge to be responsible and determined to continue the march of success and contribute to strengthening the UAE’s position as one of the most advanced and powerful economies in the world.

Last but not least, the memory of His Highness the late Sheikh Hamdan bin Rashid Al Maktoum, may God have mercy on him, will remain engraved in our hearts. His great qualities and virtues, will always be our benchmark to build the future of the UAE. We will never forget his achievements and valuable contributions to serving our nation and building a promising future for the UAE and its future generations.

As received in a Press Release from United Arab Emirates Ministry of Industry and Advanced Technology 13

b r o s k s e a r l , c p o t a s A

Christopher Jason CEO, Prime Point LLC

INTERVIEW

First-Class Forex Trading Broker with Industry-leading Standard

Q1. Congratulation on all 3 awards!

Could you briefly introduce BigBoss, the Forex trading platform you provide to us? Is there a specific aspect of the company that you would like us to highlight in the profile?

A: Big Boss is a Forex trading platform founded and operated by Prime Point LLC. Our forex trading service started in 2013 and became multilingual in 2016, providing localized services in English, Chinese, and also Japanese. We take pride in our “quick account opening” service, which allows customers to open an account and start trading in Bitcoins/USD (BTCUSD) in just 3 minutes. In order to expand the investment possibilities for our customers, we always keep in mind to develop innovative services that our competitors have never provided before to differentiate ourselves from others.

The concept of BigBoss is to provide a "safe and reliable platform" for everyone from forex trading beginners to professionals. We often go extra miles to ensure that communications with our customers are convenient and experiences are delightful.

We offer email and live chats to assist clients with various services at high standards, including trading execution, high-speed deposits, and swift withdrawals. We continue to move forward with the aim of becoming the N0.1 Forex broker chosen and loved by traders and investors around the world.

Q2. Take us through some of the emerging trends the company has encountered in the finance and trading space and help us understand how did it overcome the same?

A: Maybe due to the longer time people stay at home in recent years, more and more people are starting trading forex online especially in

Asia. Therefore, we have expanded our customer support team in multiple languages to give our customers a better experience when using our platform.

What’s more, we do notice that there is still a boom for blockchains and cryptocurrency trading these years, such as Bitcoin and Ethereum. Our platform provides services to trade cryptocurrency pairs by spreads with margins and buy/sell cryptocurrencies in spot transactions.

Q3. Can you give us a detailed description of the Prime Point LLC and its team of expertise? Also, what is the USP of the company that helps it stand out from its peers?

A: Prime Point LLC is an International Business Corporation (IBC) located in Saint Vincent and the Grenadines to provide international financial service. BigBoss, a forex trading platform, is one of our leading brands.

With professional teams of specialists and experts, we consistently deliver high-quality services and ensure a great experience for users. Our IT engineering team has proficiency and professionalism in blockchain technology with rich experience in financial system development and related business fields. Besides, we are also proud of our first-class customer support team. Their speediness, promptness, and accuracy have earned good reviews and feedback with trust from our clients, which we take the highest pride of. All we devote ourselves to is for the purpose of providing the best experience to our customers with a comfortable trading environment.

Regarding our USP, briefly stated, there are 5 aspects we would like to share with you.

1. High Leverage Maximum to 999:1 To make it possible for our customers to start trading with more efficiency, trading accounts with 999:1 high leverage are available. By using leverage, your capital can be multiplied, possible for trading with much more amounts.

2. Rapid Deposit and Withdrawal Services Various methods of deposit and withdrawal are provided to our customers to ensure timely settlement on transactions, making sure that they never miss any chance to enjoy their trading.

3. Top-class Execution High-level execution in trading has been materialized by using trading servers provided by Equinix, famous for being chosen and trusted by authoritative financial institutions worldwide.

4.Customer Support In Multiple Languages Our staff is multilingual (English, Chinese and Japanese) and have rich experience in troubleshooting and timely reply for solutions and advice.

No matter for new beginners or veterans, we give our best performance and follow-ups.

5.Diversity & Richness in Bonus Campaigns A standing trading bonus is available for all users by giving a $4 bonus on every lot they once trade. Moreover, different campaigns and events are held from time to time, usually 3-4 times a year, such as 100% Deposit Bonus Campaign with a maximum bonus of $6,000.

Q4. What are the new CFD platforms for trading that you offer and how user-friendly and accessible is it to the clients? Can you give us a rundown on how these services and facilities 15

INTERVIEW have helped your clients throughout?

A: Currently, we provide MT4 (MetaTrader 4) as our trading platform to our clients. MT4 is one of the most widely used forex trading platforms around the globe, developed by MetaQuotes Software. There are quite a lot of types of custom indicators and EA that can be handled, and the market share is overwhelmingly large, so it is considered that MT4 is a trustworthy software to use.

However, in the future, we are in the process of introducing MT5, which has even better specifications. As of now, most companies still rely on MT4, but MT5 is much easier to use and operates faster than MT4, so it is expected that MT5 will be used as one of the updates in the future. We would like to take steps to provide a better trading environment since we have received voices from users requesting the introduction of MT5.

Q5. How has the team assisted and improved in the company’ s journey in trading so far as this space is tremendously competitive now?

A: In the Forex industry, there has been fierce competition among brokers to acquire new customers and increase their market share. As a result, Forex traders who are less attractive will be knocked out of the game. In order to win the competition, as a financial institution, the trust of our customers is our first priority, and we are always trying to differentiate our brand by providing more interesting and advancing services.

In April of this year, we changed the maximum leverage from 555 to 999 times. In the past, we have always cherished the voice of our customers, such as improving spreads, adding new servers, introducing the negative balance protection system, and making cryptocurrency transactions available. With the aim of becoming the world's top broker, our team continues to take on challenges by making improvements and reforms.

In addition, Bob Sapp, a famous former professional wrestler who enjoys popularity in Asia as well, has been appointed as our Global Ambas16

sador in order to further differentiate our brand image in the Asian market.

We also held a unique campaign that collaborates with Bob Sapp and the Big Boss mascot "Bobby", which has greatly contributed to the enhancement of our brand recognition in the Asian market and has helped increase the numbers of new users.

Innovation is always what we treat as one of the key points to success.

That’ s why our IT engineering team developed a brand new copy trading system MASS (Multi-Account Sharing System), where beginners can copy professional traders’ trading strategies and records without VPN (Virtual Private Network) which is often required for forex trading.

Furthermore, we treasure our partners (IBs and affiliates). Thanks to our long-term close collaboration, a new introducing system has been developed and opened to all our partners with exclusive surprise to reward them better.

Q6. Could you provide us with any details of the firm’ s plans pertaining to newer services that could play a role in the company’ s offerings in the near future?

Innovation is always what we treat as one of the key points to success.

Recently, a brand new copy trading system called MASS (Multi-Account Sharing System) has been launched.

The system is 100% self-developed by our IT team, and it is a great service where beginners can copy professional traders’ trading strategies and records without a VPN(Virtual Private Network) which is often required for forex trading. It is expected to be our new highlight to attract new customers due to its uniqueness which you could hardly find in other brokers.

Q7. What is the road map planned with regards to implementing or deploying the latest technological innovations and geographic expansions?

As we witness rapid changes in information technology that are advancing day by day, virtual cards, ATMs, mobile transactions, and digital wal-

lets are becoming the new normal.

With state-of-the-art technology, the Fintech industry is expanding more rapidly in the future. As a financial institution, it is necessary not only to improve the reliable trading environment but also to put more effort into the variation, diversity, and convenience of deposits and withdrawals corresponding to the new normal as well as the security of all them.

AI-based biometric systems are expected to advance further in the coming years, taking security to the next level, and it is expected to further enhance our customer experience.

Recently, we have launched a unique customer management system and the latest copy trading system that we believe that other Forex brokers do not have.

With the development and advance of blockchain, the financial world is changing every moment. BigBoss will actively open more job opportunities for engineers to prepare for the upcoming new wave of fintech.

TECHNOLOGY

Skymagic and Fireworks by Grucci showcase Drone show at Ras Al Khaimah

SKYMAGIC commissioned by Fireworks by Grucci, delivered a world-record-breaking firework drone show performance for Ras Al Khaimah 2020 New Year’s Eve Celebration.

The Grucci/SKYMAGIC team returned to the skies of Marjan Island, waved goodbye to 2019 and delivered a Guinness World Record for a never-before-seen PyroDrone™ performance.

SKYMAGIC, one of the world’s leading performance drone companies, helped to deliver a ground-breaking pyrotechnic drone show designed by Phil Grucci and realised by Fireworks by Grucci and SKYMAGIC. The Ras Al Khaimah NYE show marked the debut of a new generation of performance drones and a brandnew offering to the world of live events.

Marjan Island more officially known as ‘Ras Al Khaimah’ is renowned for hosting largescale celebratory events for

the nation and world to see.

This was the second time Fireworks by Grucci had invited SKYMAGIC to collaborate to deliver a stunning series of light shows combining both pyrotechnics and the newly innovated PyroDrone™ performance technology.

This year saw the return of the light show leaders – SKYMAGIC and Fireworks by Grucci, with a synchronised swarm of 196 PyroDrones™ launched high into the night sky for all of Marjan Island to see. The visual extravaganza broke a world record for the ‘Most Unmanned Aerial Vehicle (UAV) Launching Fireworks Simultaneously’. PyroDrones™ are a new generation of drones conceived by Fireworks by Grucci and developed through a collaborative effort between Grucci and SKYMAGIC. The New Year’s Eve spectacular was visible from over 1km away, allowing the entire Island to view the mesmerising, world-record show. Creative

Director of SKYMAGIC Patrick O’Mahony commented, ” It has been quite a journey and we are delighted with the end result. And a Guinness World Record! It is important to keep innovating and what better people to do that with than Phil and all at Fireworks by Grucci.

It has been a huge team effort and we look forward to many more collaborations together.”

SKYMAGIC’s Live Operations Director Chiew Soon Hooi said ” This has been a challenging but ultimately rewarding project. From a live perspective, the introduction of pyrotechnics on the drones throws up a unique set of fresh challenges, all of which the SKYMAGIC and Grucci team overcame.”

Fireworks by Grucci’s CEO Phil Grucci commented, “It has been a great pleasure to combine the unique talents of both the SKYMAGIC and Grucci teams to bring this Guinness World Record to reality. I look forward to many other opportunities to do with this team.”

As per a press release from SkyMagic 17

REAL ESTATE

Lootah Real Estate Development’s fractional ownership platform receives over 3,000 enquiries in 2 months

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REAL ESTATE

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REAL ESTATE The fractional ownership platform of Lootah Real Estate Development (LRED), one of the region’s most prominent real estate developers, has received over 3,000 enquiries since its launch in December, indicating a robust demand for property investment in the UAE In line with LRED’s goal of making real estate investment affordable and transparent for everyone, the Real Share platform (realshare.ae) allows local and international investors to invest as low as AED 5,000 in a fraction of a property, and enjoy annual returns ranging from 6 to 9 per cent*.

Arash Dara, Group CEO of Lootah Holding, said: “The surge of interest in Real Share affirms our commitment to help investors, especially the first-time ones, to penetrate Dubai’s property market. It has been met with enthusiasm from investors of all sizes because it addresses the major roadblocks in real estate investing such as securing substantial down payment and sizable monthly mortgages. With this platform, anyone now has a chance to invest in a tangible asset that has potential for significant appreciation and benefit from a passive income stream.”

Russell Owen, COO of LRED, 20

added that Real Share makes buying, managing, and selling real estate properties in Dubai easily accessible at one’s fingertips “Real Share helps investors benefit from property ownership with less capital involved, and without having to face the difficulty of actually managing it—reducing barriers to real estate investing, which is sometimes out of reach for many. In addition, the platform is open to all homeowners who would like to list their properties for investment opportunities,” Owen said Along with the launch of Real Share, LRED has begun offering its own properties on the platform—starting with Living Garden, one of its sought-after properties in Jumeirah Village Circle that offers state-of-theart facilities.

The launch of Real Share comes in line with the country’s ‘Invest in Dubai’ initiative, which aims to provide easy and efficient investment options for residents, thereby bolstering the country’s position as a leading global businessub.

According to LRED’s Industry Insights Report 2021, the recovery of the UAE real estate market will be fuelled

by the country’s series of game-changing initiatives.

These include the immigration and regulatory amendments, changes in full company own-

REAL ESTATE ership laws, and the higher appetite from Dubai renters to become homeowners.

In addition, the sector is poised to bounce back with the landmark signing of the Abraham Accords, as well as the gradual

resumption of tourism activities. The extensive national vaccination programme as well as the progress in the highly anticipated Expo 2020 Dubai will also play a vital role in helping the property industry gain a competitive edge this year.

As Received in a press release from Zawya 21

EXPORT

22

EXPORT

Abu Dhabi Fund for Development Allocates AED735 Million to Abu Dhabi Exports Office in 2021 to Support Export Financing

23

EXPORT The Abu Dhabi Fund for De-

UAE exporters.

sustainable export economy that is a key pillar of the na-

velopment (ADFD) Board of Directors approved the al-

Providing qualified overseas

tional economic diversification

location of AED735 million

buyers with access to com-

and growth strategy.”

($200 million) for Abu Dhabi

petitive export financing gives

Over the past year ADEX

Exports Office (ADEX) to ac-

UAE companies a powerful

worked together with a wide

commodate export financing

strategic advantage, particu-

range of strategic partners

that will help spur the growth

larly in the current econom-

across the UAE to educate

of exports of UAE national

ic environment when access

business leaders on how to

companies. The 2021 budget

to commercial financing is

access and leverage export fi-

allocation increased by 33.3%,

more challenging and expen-

nancing as a catalyst to accel-

with AED184 million ($50 mil-

sive in many emerging global

erate economic recovery in the

lion) over the 2020 export de-

markets. It also reduces the

wake of the global lockdown

velopment budget and will be

risk and financial exposure of

and massive supply chain dis-

used to directly support trans-

UAE exporters on international

ruptions.

actions with overseas buyers

transactions, enabling compa-

of goods and services of UAE

nies to safely expand into stra-

ADEX co-hosted workshops

origin while contributing to the

tegic growth markets.

with Departments of Economic Development and Cham-

expansion of the national exHis Excellency Mohammed

bers of Commerce across the

Saif Al Suwaidi, Director Gen-

Emirates as well as a broad

ADEX was established by Abu

eral of ADFD and Chairman

range of strategic partners

Dhabi Fund for Development

of the Executive Committee

that share a responsibility for

(ADFD) to provide loans and

of ADEX, said: “The expansion

supporting the growth of UAE

credit guarantees to foreign

of the UAE export economy

businesses. In addition to

importers of non-crude sec-

represents both an immediate

these forums, ADEX financial

tor goods and services from

and long-term strategic oppor-

services

UAE companies, with payment

tunity for the UAE. National ex-

ed UAE companies and their

made directly to the UAE na-

port companies can leverage

overseas buyers direct coun-

tional company upon success-

the financial support and pro-

sel on how to access export

ful delivery on contract terms.

tection of ADEX to grow their

financing to overcome cash

In its first full year of opera-

international operations at a

flow challenges and success-

tion in 2020, ADEX committed

time when overseas buyers

fully close mutually beneficial

AED500 million ($136 million)

continue to face supply chain

transactions.

against the allocation budget

disruption and liquidity chal-

to overseas buyers to meet

lenges. ADEX is also helping

With the UAE leading the way

their procurement needs from

drive a healthy, growing and

on the global vaccine rollout

port economy.

24

specialists

provid-

EXPORT and showing clear signs of economic growth, Mr. Saeed Al Dhaheri, Acting Director General of ADEX, believes that exporters are strongly positioned for success now and in the years ahead and are well supported by the nation’s highly diverse and active export community support network.

Mr. Saeed Al Dhaheri said: “Our nation’s exporters are now better equipped to understand how to leverage this new AED735 million ($200 million) in export financing to expand international operations. We encourage our business leaders to partner with ADEX to help increase their attractiveness as a global trade partner, add significant value to their overseas buyers and more effectively capture market share in key international markets.

Through ADEX and the full UAE export support community, we are very confident that our national export economy will continue to grow and prosper in 2021 and long into the future.”

As Received in a Press Release from ADFD

25

TELECOM

Etisalat crowned strongest brand in the MEA region

26

TELECOM

27

TELECOM Etisalat has made history by emerging as the strongest brand across all categories in Middle East and Africa (MEA) region. This feat puts Etisalat among the top 25 brands globally in the strongest brands index by Brand Finance, the world’s leading independent brand valuation and strategy consultancy.

This global accomplishment was made possible due to Etisalat’s brand strength and performance with continuous efforts and investments in accelerating its value by engaging with consumers across markets with launching many successful innovative global branding initiatives.

With this ranking from Brand Finance, Etisalat is now among the world’s strongest brands including Ferrari, Coca Cola, Apple, among others making it to the global top 25 strongest brands in the world. Continuing its growth streak, Etisalat is turning its sights on transforming into a truly global player and climbed 17 spots in the global 500 brand value ranking this year from 225th to 208th . Another noteworthy achievement this year is being ranked among the top five strongest telecom brands across glob-

28

al markets and the strongest telecom brand in MEA region.

Etisalat has also retained its title as the most valuable telecom portfolio of brands for the fifth year in a row with an impressive portfolio of brands touching more than AED 40 bn including Etisalat Misr, Mobily, Ufone, Maroc Telecom, PTCL and is also the only telecom brand to retain AAA brand rating.

David Haigh, CEO, Brand Finance said: “When COVID struck in 2020, Etisalat led from the front ensuring business continuity, digital and innovative solutions, enablement of smart cities and remote learning to help drive the digital future of the UAE. Staying relevant and enabling the nation with the fastest network on the planet, Etisalat has earned its place as the region’s ‘Strongest Brand’, ready deliver on its ethos of ‘Together Matters’ as the UAE welcomes the world at Expo 2021.”

Eng. Hatem Dowidar, CEO, Etisalat Group said: “This is a historic achievement for Etisalat to be recognised on such a global platform among the best in the world and the region. Our efforts to bring in-

novation and digital transformation for all our customers have also led to Etisalat being ranked as the strongest brand on a global scale.”

“The previous year has demonstrated our strength and commitment in delivering uninterrupted high quality services to all our customers adding value to our brand while focusing on our vision to ‘Drive the digital future to empower societies’ realising our digital ambitions to reality,” Dowidar added.

“Recognised as the strongest brand in Middle East and Africa region is another testament to our efforts in sustaining a healthy portfolio that maximises synergies, creating brand loyalty and enhancing customer experience. Thanks to the UAE leadership’s support, vision and encouragement that has helped Etisalat achieve this significant milestone despite the headwinds posed by today’s extraordinary times realising our digital goals and surpassing many of the top global and regional brands.”

Operating in 16 countries with 149 million subscribers across Asia, Middle East and Africa, Etisalat’s success can also be attributed to its continued efforts to provide the best

TELECOM solutions and services in the various markets in which it operates, its support for community initiatives and events, and its adoption of digital transformation strategies in its various operations.

Etisalat has led the telecom sector and the region with the deployment of the 5G network setting a major benchmark in the industry. Most recently Etisalat made a huge leap forward with the landmark announcement of achieving the world’s fastest 5G download speed of 9.1 gigabits per second.

Etisalat’s pioneering 5G efforts in the region and delivering one of the fastest, smartest and best-connected places on earth for the upcoming global mega Expo 2020 Dubai has attributed to its success as a brand in the region. As the premier digital services and telecommunications partner of Expo 2020 Dubai, Etisalat is prepared to deliver the event’s visitors and delegates 5G connectivity that brings the Expo themes to life for the millions of visitors.

The success and growth of Etisalat’s brand value is mainly driven by an innovative

customer service strategy, adapting well to a digital savvy marketplace, leading the 5G revolution and the successful launch of global brand building initiatives. Etisalat has also led digital innovation in the country by working on several digital initiatives in infrastructure, entertainment and smart cities.

Etisalat has reached out and engaged with its consumers across markets with global branding initiatives by sponsoring global football teams and clubs aligning with the brand’s priorities of being at the forefront of major sporting events. Etisalat also launched the brand campaign ‘Together Matters’ to highlight togetherness among its subscribers in today’s world of connectivity.

Brand Finance is the world’s leading independent branded business valuation and strategy consultancy, and is the organisation behind the Global 500 Brands and Telecom 300 league table of the world’s biggest brands ranked by their brand value, assesses the dollar value of the reputation, image and intellectual property of the brand.

As received in a Press Release from Etisalat Team

29

AVIATION

Bombardier Challenger 350 Jet reports ‘Most Delivered in Category’ for seventh consecutive year

30

AVIATION

Bombardier announced today that its best-selling Challenger 350 aircraft was the most-delivered medium category business jet in 2020, making it the category leader for a seventh consecutive year. As detailed in the General Aviation Manufacturers Association’s (GAMA) annual shipment and billings report released February 24, the company also outpaced competitors by delivering 44 aircraft in the fourth quarter of 2020. This accomplishment was driven by a record 16 Global 7500 business jet deliveries in that timeframe.

Bombardier’s comprehensive family of business jets firmly positions it to respond to the growing interest in private aviation and the enhanced safety they provide during these ex-

ceptional times.

As more people seek to avoid crowds and interest in fractional and air charter increases, the best-selling Challenger 350 aircraft is there to take passengers where they need to be, and it continues to surpass expectations while doing so.

In 2020, Bombardier announced a firm order for 10 Challenger 350 aircraft in a transaction valued at $267 million U.S. and also marked the 350th delivery of the Challenger 350 business jet, a milestone reached after only seven years in service. The best-selling Challenger 350 aircraft now features an expanded selection of sophisticated and contemporary interior design

schemes, high-speed Viasat Ka-band connectivity and a refreshed cabin management system, inspired by the industry’s flagship Global 7500 business jet.

In addition to the Challenger 350 aircraft, Bombardier’s Challenger 650 business jet is a masterful expression of high-end craftsmanship and functionality. With its ideal combination of range, speed and field performance capabilities, the Challenger 650 aircraft is perfectly suited for both private and specialized missions, including medevac.

The Challenger 650 aircraft is in service with many governments worldwide for various special missions.

As Received in a Press Release from Bombardier Team

31

TECHNOLOGY

Global Partners to Join Huawei’s TECH4ALL Digital Inclusion Initiative

32

TECHNOLOGY

33

TECHNOLOGY

A

t the Huawei TECH4ALL Summit, Huawei called for global partners to join the TECH4ALL digital inclusion initiative, which aims to build a more inclusive and intelligent world that leaves no one behind.

Huawei’s TECH4ALL initiative focuses on four areas: driving equity and quality in education, conserving nature with technology, driving inclusion and accessibility in health, and using ICT to boost rural development. It focuses on digital technologies, application enablement, and digital skills, and works with global partners to promote and expand digital inclusion to help achieve the UN Sustainable Development Goals (SDGs).

At present, more than 60,000 teachers and students benefit from TECH4ALL projects in over 200 schools worldwide.

Digital technologies have been deployed to improve resource management and biodiversity conservation efficiency in 22 natural reserves around the world. Huawei smartphones provide 15 accessibility features and are used by about 10 million users each month.

Huawei’s RuralStar solution

34

provides mobile Internet services for more than 60 countries and regions, covering more than 50 million people in remote areas.

Inclusion and equity were major talking points in the education track of the summit. In her opening remarks, Stefania Giannini, Assistant Director-General for Education at UNESCO, discussed technology-enabled Open Schools, a three-year partnership program with Huawei that is rolling out in Ethiopia, Egypt, and Ghana.

“UNESCO and Huawei jointly launched this project in July 2020,” said Stefania Giannini. “The project explores future schooling models, thereby contributing to UNESCO’s global initiative on the future of education.”

To build a more crisis-resilient Open School system, all countries have to consider the three pillars of new infrastructure for a learning system: technology, digital content, and the digital competencies of teachers and human facilitators. UNESCO’s Dr. Fengchun Miao, Chief of Unit for Technology and Artificial Intelligence in Education, looked at how to leverage the

power of technology in the education field.

Vodafone Foundation discussed its Instant Network Schools program, which aims to bring high-quality education to refugees and host communities, with plans to connect 500,000 refugee students and their communities by 2025.

Huawei is one of the partners for expanding connectivity to more schools in Africa.

Vodafone Instant Network Schools Program Manager Oisín Walton said, “We believe that every boy and girl should have access to quality education, no matter where they are and whatever their nationality.”

Close the Gap’s DigiTruck Program Lead Bram Over gave an update on the DigiTruck program. DigiTrucks are green, solar-powered mobile classrooms converted from shipping containers. They are equipped with recycled ICT devices and provide training for young people in digital skills.

Huawei has supported this program in Kenya and France.

Later this year, Huawei and Close the Gap will implement the project in Ethiopia.

Ling Hui from the YouChange

TECHNOLOGY China Social Entrepreneur Foundation introduced the Green Pepper program for young teachers in rural villages in China. The program delivers a year of online training to teachers and has reached nearly 80,000 young rural teachers and 17,000 schools so far.

In her opening remarks introducing the environment track, IUCN Director General Dr. Grethel Aguilar addressed a range of environmental issues, pointing out that technology can be used to mitigate humanity’s growing impact on the planet.

Dr. Aguilar said, “Digital technology can be an important part of the solution and help us solve global challenges if used correctly and smartly.”

As facilitator of the panel discussion, Associate Director of the IUCN Protected Areas Programme James Hardcastle, pointed out that we must empower more people to use technologies for nature conservation and referenced the Tech4Nature initiative – an IUCN-Huawei partnership that aims to develop scenario-specific technologies to safeguard

natural ecosystems in 300 protected sites by 2023.

Currently, the project is running in Thailand, Spain, Mauritius, Switzerland, and China.

Ecomode President Nadeem Nazurally elaborated on the Mauritius project, which aims to protect and restore the African island nation’s rapidly vanishing coral reef using AI-powered real-time video monitoring, which can be transmitted to experts, both local and worldwide.

Continuing the environmental track, Rainforest Connection Director of International Expansion Chrissy Durkin introduced the Nature Guardian system, which uses acoustics technologies to monitor endangered species and alert rangers to threats like illegal logging and gunshots. Bernardo Reyes Ortíz, President of Forest Ethics in Chile, explained how the Guardian platform supported

by Huawei cloud is providing a lifeline for the nation’s endangered Darwin’s fox, fewer than 1,000 of which are thought to remain in existence.

Smart and networked monitoring technologies are a crucial tool for nature conservation.

Dr. Steph Wray, Chair of The Mammal Society in the UK, how acoustics solutions have been deployed in England to protect the increasingly rare red squirrel, which is threatened by the invasive and vastly more populous grey squirrel.

Tang Yanfei, Executive Director at Hainan National Park Research Institute, explained how acoustics monitoring is key to improving conservation of China’s critically endangered Hainan gibbon, with a view to doubling its population in 15 years.

Partnerships are the fuel that powers progress in TECH4ALL’s environment and education domains, as well as in the initiative’s other two domains – health and development.

“If you want to walk fast, walk alone. If you want to walk far, walk together,” said Tao Jingwen in his opening remarks. “We believe that more partners will work with us to advance the TECH4ALL action plan in the future. Join us for a more inclusive, intelligent world where no one is left behind.”

As Received in a Press Release from Huawei

35

AUTOMOTIVE

36

AUTOMOTIVE

GWM Appears at Chengdu Motor Show with Over 10 New Products From Its Five Vehicle Brands On August 29, the grand opening ceremony of the 24th Chengdu Motor Show was unveiled, where GWM attracted many visitors with over 10 new products from its five vehicle brands—HAVAL, TANK, GWM Pickup, ORA and WEY. In the HAVAL exhibition area, HAVAL H6S, GWM’s first coupe SUV built on the L.E.M.O.N. and COIFS platform, made its debut. With a “shark-shaped” exterior design, the SUV has a large polygonal front grille in the front face to create a visual effect as mighty as a shark.

The fastback style body and the rear end of a suspended rear wing design make the SUV look youthful and sporty.

For the interior design, the SUV is equipped with a large suspended screen, intelligent full-colour HUD, face recognition and other technologies, showing a sense of future. It offers a 2.0T gasoline engine and a L.E.M.O.N. DHT system for selection. The beautiful and intelligent car is expected to go global. Due to a tough and cool appearance and an intelligent configuration, HAVAL DAGOU, another hot seller, is very eye-catching, with a

product strength surpassing that of the same level. Its sales volume in China has exceeded 10,000 in the first month since its launch. This year, the excellent car won praise from the local media in the Australian market. This has boosted GWM’s confidence in entering the global market.

TANK, the fifth-largest brand, is presenting its two masterpieces “TANK 400” and “TANK 500” to the world firstly. TANK 400 is a medium- and largesized mecha off-road SUV integrating a unique mecha design, off-road performance and technologies. TANK 500 is positioned as a cool mediumand large-sized luxury off-road SUV, with tough exterior lines, a huge chrome-plated grille, and irregularly shaped headlights on both sides. The interior is equipped with a 12.3-inch digital dashboard, combined with the central touch screen and the rear control screen, achieving “three-screen linkage”. And it’s equipped with the “3.0T V6+9AT” super powertrain firstly, with a maximum power of 260kW and a maximum torque of 500Nm, meeting the diverse needs of everyday use

and outdoor off-roading.

ORA also has various new cars unveiled here. Among them, the ORA Balei Mao (name for Chinese market)was publicly exhibited firstly. Its exterior design is very retro, using classic elements such as heavy chrome-plated bumpers and wide-spoke silver-white two-color wheels. Also, GWM POER held the 200,000th car delivery ceremony at the auto show site and launched the Everest version of the off-road pickup truck, shocking the audience with its hardcore performance. At the WEY booth, the first Macchiato equipped with the intelligent DHT hybrid powertrain and “a new generation of smart retro-fashioned car” also debuted.

GWM’s booth became the focus with its rich and personalized products. Also, GWM will continue to focus on users and launch more trendy products to bring a richer product experience to global users.

As Received in a Press Release from Arab Press Releases 37

ENERGY

Shanghai Electric to Unveil Solutions for Smart Energy and Intelligent Manufacturing at Expo 2020 Dubai

Shanghai Electric announced that the Company is to unveil an array of innovations in the smart energy and intelligent manufacturing space to the global visitors at the China Pavilion at Expo 2020 Dubai starting on October 1.

Attending as an official partner of the China pavilion, Shanghai Electric will take visitors on an

38

ENERGY immersive journey as they explore the achievements of the Chinese energy sector within a 4,636 square meter exhibition space A spokesperson of Shanghai Electric said, “We are proud to participate in Dubai 2020 as one of the official partners of the China Pavilion.

We look forward to celebrating the latest scientific achievements that mark the making of a new era for humankind and the ground-breaking technological inventions leading us toward a greener future. Shanghai Electric wishes to show the world our prowess in new energy and our innovations born through global partnerships.”

On a giant naked-eye 3D screen in the “Communication and Connection” exhibition, Shanghai Electric will display China’s vision of a low-carbon future by demonstrating its effort to build the world’s largest solar energy plant in Dubai, alongside technological milestones and roadmaps in wind power, hydrogen energy, energy storage, green transportation and industrial Internet.

The exhibition’s theme reflects Shanghai Electric’s unswerving focus on its core business areas, including smart energy and intelligent manufacturing, while implementing “technological advancement to achieve business transformation and upgrading”.

Shanghai Electric seeks to partnerships with global industry leaders and innovators to accelerate human progress and sustainable development, creating more open and mutually beneficial cooperation opportunities.

On Shanghai Electric Day held in December, Shanghai Electric will promote cooperation with the United Arab Emirates and other countries by demonstrating its new energy solutions in the wind, solar and energy storage – showing the companies “Belt and Road” (BRI) achievements and its progress towards China’s carbon reduc-

tion targets.

Over the past years, Shanghai Electric has spearheaded several mega-scale projects along the BRI to bolster the development of the energy sector. Chief among them is the Dubai Concentrated Solar Power (CSP) project, the world’s largest solar thermal photovoltaic plant, expected to provide clean power to more than 270,000 residents in Dubai and reduce about 1.6 million tons of carbon emissions every year once completed. Meanwhile, Shanghai Electric has established closer cooperation with its global partners through BRI, promoting economic development and inter-regional connectivity and offering advanced technologies and rich project experience to other countries.

World Expos are the global fests that highlight scientific, technological, economic and social progress. As the first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region, the Dubai Expo 2020, “Connecting Minds, Creating the Future”, aims to drive inspiration, innovation and collaboration to create a better future. Originally scheduled to kick off on October 20, 2020, Dubai Expo is reopening its door to nearly 200 nations and 25 million visitors on October 1, 2021, after being delayed for a year by the coronavirus pandemic.

Themed ‘Building a Community with a Shared Future for Mankind — Innovation and Opportunity’, the China pavilion, named ‘The Light of China’, is one of the largest exhibition buildings in the Dubai Expo 2020, with the design language symbolizing hope and a bright future as a showcase for China’s rich cultural heritage and longstanding history. Visitors can also access the China Pavilion and Shanghai Electric Exhibition Area online through the “China Pavilion on Cloud”.

As Received in a Press Release from Arab Press Releases

39

TECHNOLOGY

40

TECHNOLOGY

41

TECHNOLOGY California

Attorney

General

Anyone considering investing

reputable service that has a

Xavier Becerra today issued

in or purchasing digital assets

proven track record of redeem-

a consumer alert warning

should be aware of the follow-

ing

about scams involving digital

ing scams:

Unlike traditional banks and

assets, such as cryptocurren-

customer

exchanges,

withdrawals. cryptocurrency

cies. Recently, unscrupulous

Fraudulent Coin Offerings: An

deposits are not FDIC insured

actors

impersonated

Initial Coin Offering (ICO) is

and currently have fewer regu-

well-known politicians, celeb-

the cryptocurrency version of

latory safeguards.

rities, and business executives

an Initial Public Offering (IPO).

on social media and You-

Be cautious of invitations to

Ponzi

Tube channels in “giveaway”

“invest early” in “the next Bit-

scheme is a fraudulent system

scams that falsely promised,

coin” through an ICO. Scam

that simply transfers mon-

for example, to double any

artists have convinced people

ey from recent investors to

digital assets sent to a specif-

to invest in ICOs for crypto-

earlier investors, creating the

ic digital asset wallet. These

currencies that don’t work or

illusion of a profitable enter-

schemes are only the most

don’t even exist. Some ICOs

prise. These schemes eventu-

recent example of attempts by

have been exposed as “pump

ally collapse when new invest-

scam artists to capitalize on

and dump” schemes where

ments dry up. Digital assets

novel technologies in order to

promoters rev up publicity for

have become a popular des-

rob Californians of their hard-

an “exciting” new ICO using

tination for Ponzi schemers

earned savings.

big name endorsements and

in recent years. Typical hall-

social media, but then secret-

marks of Ponzi schemes in-

“Fraudsters often rely on the

ly cash out their stake before

clude promises of high returns

excitement and mystery of in-

the buzz fades and the tokens

with little or no risk; promises

novation to persuade consum-

plummet in value.

of guaranteed income; secret

have

ers and investors to offer up

Schemes:

A

Ponzi

formulas or strategies that will

their cash in hopes of earning

Fake Exchanges and Wallets:

purportedly “beat” the market;

far more in return,” said Attor-

As

have

reluctance to share written in-

ney General Becerra. “Their

grown more popular, nefarious

formation about investment

schemes take many forms,

actors have stolen millions by

performance; and difficulties

but these swindlers all have

setting up fake exchanges and

cashing out payments.

the same goal: to separate

virtual wallets, and then disap-

people from their money. Prior

pearing with investors’ mon-

Pyramid Schemes: Pyramid

to purchasing or investing, you

ey. These scams have tricked

schemes are similar to Ponzi

should always research the

users by offering low trading

schemes and have proliferat-

company and its claims. And

costs or promising quick and

ed under the guise of falsely

remember, claims that are too

easy rewards. Do your re-

profitable digital asset proj-

good to be true usually are.”

search and be sure to use a

ects. These scams typically

42

cryptocurrencies

TECHNOLOGY offer incentives to recruit new

search before you invest mon-

• Special deals or giveaways

investors, creating a “pyramid”

ey in any cryptocurrency min-

that appear to come from

structure where a small per-

ing project.

trusted

centage of investors at the

public

officials,

executives, celebrities, or

very top of the recruiting chain

Digital Assets as an Alterna-

friends and family (speak

enjoy most of the profits.

tive Form of Payment: Be wary

with them before clicking

Like Ponzi schemes, pyramid

of accepting digital assets as

on any links);

schemes

collapse

payment in transactions for

when new investors stop buy-

real estate and other real world

ing into the scheme, wiping out

assets. For now, it is always

investors in the lower levels of

safer to insist on cash, even

the pyramid. Be on the look-

when the purchaser claims

out for supposed “investment

you will get more value by ac-

opportunities” that depend on

cepting cryptocurrency.

typically

you to recruit or sell to other people in order to earn money.

These are just some examples of the tactics scam artists

• Programs that reward recruitment of other investors; • Offerings or deals that pressure you to invest right away; • Exchanges and wallets that do not have a proven track

Mining Scams: “Mining” is a

have used to take advantage

way to create new bitcoins

of the buzz around cryptocur-

and similar cryptocurrencies

rency and other digital assets.

without buying them, but it has

To avoid falling victim to digi-

become a very resource-in-

tal asset scams, Attorney Gen-

• Any claim or deal that just

tensive activity. Investors can

eral Becerra urges investors to

seems too good to be true.

purchase or rent computers

be especially wary of these red

that mine coins for a fixed

flags:

price, but, as the difficulty of mining increases, the same

• Unrealistic profit claims, such as promises that a

investment returns increasing-

cryptocurrency will outper-

ly smaller amounts of coins.

Some

mining

form the stock market or

promotions

generate guaranteed fixed

make bold claims regarding

income;

sky-high returns without being honest about the diminish-

• Vague and anonymous

ing returns of mining. Others

record of securing customer deposits and honoring withdrawals; and

Digital assets are new technologies that currently have fewer regulatory safeguards and higher volatility than many other investment products.

The California Department of Justice is committed to safeguarding consumers and investors in this evolving market.

offerings, such as cryp-

have been exposed as mere

tocurrencies that lack a

Ponzi schemes with no legiti-

“white paper,” a real-world

mate mining activity. Be extra

use, or an identifiable man-

careful and diligent in your re-

agement team;

As procured from a press release from the Department of Justice for State of California

43

CRYPTOCURRENCY

Crypto.com Announces Global Alliance Partnership and Principal Membership with Visa

44

CRYPTOCURRENCY

C

rypto.com today announced a global partnership with Visa that also includes principal membership in Visa’s network in Australia.

The partnership will advance Crypto.com’s ambition to accelerate the adoption of crypto payment solutions around the world by expanding the reach of the Crypto.com Visa Card.

In addition, Crypto.com is announcing plans to roll out fiat lending with crypto collateral via the Crypto.com Visa Card.

The Crypto.com Visa Card is already the largest Visa card program of its kind*, currently available in the US, Canada, 31 countries in Europe and in APAC. Further expanding the reach of the card and enriching its features are key pillars of the partnership. Having been granted Visa principal membership, Crypto.com will begin direct-issuance of the Crypto.com Visa Card in Australia, allowing Crypto.com to have a direct relationship with cardholders. Crypto.com also has plans to scale the Crypto. com Visa Card to many more markets around the world— including new markets and new customer segments that Crypto.com does not currently service. Beginning this month, Crypto.com will also start offering virtual cards in Europe, allowing users to instantly start spending without waiting

for the physical card to be inhand.

Crypto.com also announced today the creation of “Spending Power”, a first of its kind lending product custom-built for the Crypto.com Visa Card.

Cardholders will be able to access crypto in their Crypto. com crypto wallet as collateral for a loan and instantly spend fiat anywhere Visa is accepted. With low interest rates and flexible repayment options, Spending Power will make the Crypto.com Visa Card unmatched among credit and debit cards.

Launched in Singapore in November 2018, the Crypto.com Visa Card was one of the first on the market. Following subsequent launches in the U.S. (Jul 2019), 31 markets in Europe, including the UK (April 2020), and Canada (November 2020), the Crypto.com Visa Card is the most widely available card of its kind in the world. Users can convert their crypto into one of the supported fiat currencies (EUR / GBP / HKD / SGD / USD / CAD) and pay with their card anywhere Visa is accepted, in-store and online, as well as being able to make cash withdrawals through ATMs. Perks of the card include up to 8% back on purchases, with no upper limits. The card program also

includes 100% rebate on Spotify, Netflix and Amazon Prime, and no annual or monthly fees.

Kris Marszalek, Co-founder and CEO of Crypto.com said: “Having been a Visa partner for several years, we’re excited to deepen that relationship with a slew of world-firsts. Signing the global partnership with Visa and becoming a principal member with the world’s leader in digital payments affirms our commitment to accelerate the world’s transition to cryptocurrency. I’m also excited to deepen our relationship with our customers via direct-issuance of cards around the world and roll-out Spending Power -- allowing them to access the value of their crypto today.”

Cuy Sheffield, head of Crypto at Visa said: “Digital currencies have the potential to extend the value of digital payments to a greater number of people and places—and we’re eager to work with companies bringing this vision to life. Through our partnership with Crypto. com, one of the largest Visa card programs connected to a crypto exchange available today, we are making it quicker and easier for people to spend digital currency worldwide.”

As Received in a Press Release from Crypto.com team

45

FINTECH

UAE-based fintech NOW Money secures $7m to expand digital banking solution across the GCC

46

FINTECH

47

FINTECH NOW Money, the GCC’s first digital banking solution for low-income migrant workers, has secured $7m in a funding round led by venture investor, Anthemis Exponential Ventures.

Anthemis Exponential Ventures was joined by a consortium of investors including Knuru Capital, Wamda, Commercial Bank of Dubai, DIFC FinTech Fund, Accion Venture Lab, Greenhouse Capital and Hambro Perks Oryx Fund, amongst others. NOW Money also received supporting funding from Expo 2020 and card scheme, Visa.

The funding raised by NOW Money is the most significant, multinational fintech deal to date in the Middle East.

The cash injection will initially be used to drive NOW Money in the Kingdom of Saudi Arabia, beginning with strategic new hires and local infrastructure in Riyadh. In addition, the funding will enable NOW Money to develop its service offering and enable it to continue its exponential growth in the UAE. Founded in 2016, NOW Money is the first fintech company in the Gulf to use mobile banking technology to provide ac48

counts, low-cost remittance, and other financial services to migrant workers.

Co-founder of NOW Money, Ian Dillon, said: “This funding is a significant milestone for NOW Money. We are eager to build on our progress to date and realise our vision of creating a world where everyone has instant access to financial services they can, and want, to use. The investment has brought us the financial support needed to scale our expansion plans across the GCC, as well as strategic value and partnerships from each of our investors.

“There is no venture capital better placed than Anthemis Exponential Ventures to have led this deal, especially alongside other such high calibre Western and Middle Eastern funds. Two of our key partners, Commercial Bank of Dubai and Visa, have also played a critical role.”

The deal was led by Vica Manos of Anthemis Group, the world’s leading fintech investor, committed to cultivating change in the financial system.

Vica Manos, Partner at Anthemis Group, said: “One of the most impactful actions a company can take is to provide

fair and sustainable access to finance, and NOW Money does exactly that. By opening up financial services to some of the most deeply left-out individuals, we’re confident that Katharine, Ian and the rest of the team can achieve genuine impact, changing the face of financial services in a region that right now is showing tremendous promise.”

Alain Dib, CEO of Knuru Capital said: “We were impressed by how NOW Money has solved many challenges and pain points, working with numerous stakeholders and partners to now be in a position to scale dramatically and bank millions of unbanked. We are very excited to be part of the journey.”

NOW Money partners with businesses to provide an endto-end digital payroll solution.

Every company has access to a unique payroll portal – a hassle-free way to transfer employee salaries and other financial-based rewards – and every employee is issued with a contactless-enabled Visa card and receives their salary directly into the NOW Money app. NOW Money gives all customers in-app access to low-cost financial services including mobile top-up, bill pay and remittance, the latter of which enables a quick, safe

FINTECH and cost-effective way to remit money overseas.

Katharine Budd, co-founder of NOW Money, said: “When we started NOW Money in 2016, our mission was clear; simplify the world’s financial services.

Initially, we were met with skepticism about a digital financial service, but the success of mobile money in South and East Asia gave us faith that mobile banking would be a sustain-

able solution for the millions of people who find themselves overlooked by traditional Middle Eastern banking options.

We are excited to expand our team and build our customer and partnership base to truly democratise financial services and make money easy, for everyone, every day.”

“In 2020, engagement with the NOW Money app doubled as our customers sought to make

use of online services like remittances, in-app purchases and transactions. The restriction of movement forced upon the world due to the COVID-19 pandemic accelerated digital as consumers’ transaction channel of choice and these habits are likely to remain ingrained long after Coronavirus. For financial services it has proven that digital solutions are more than a luxury, they are an urgent necessity.”

As procured in a Press Release from the Now Money Team

49

AUTOMOTIVE

T SAIC Motor Expo Dubai concept car “Kun” unveiled

oday, SAIC Motor autonomous new energy concept car “Kun” – Star Exhibits of China Pavilion at 2020 Expo Dubai, was virtually unveiled at the Shanghai World Expo Museum.

Dubai Expo will officially open on October 1st; SAIC Motor latest concept car “Kun” will form the most dazzling exhibition items together with China Beidou Satellite and China High-speed Railway, demonstrating the powerful innovative strength and unique technological charm of China’s high-end manufacturing to the world. At the same time, SAIC Motor’s self-owned brands MG and MAXUS will provide latest models as the official designated vehicles for the China Pavilion during the Expo.

A vision of “Smart Mobility” for a better life The World Expo, with a long history of more than 160 years, is known as the “Olympic event in the economic, technological and cultural circles” and has become a global stage for displaying new concepts, new ideas and new technologies. “Everything starts with the World Expo.” The trains, lights, telephones, airplanes, highways and other technol-

50

AUTOMOTIVE ogies and concepts that were first launched at the World Expo have gradually entered people’s daily lives and have strongly promoted the continuous progress of human society.

At the 2010 Expo Shanghai, SAIC Motor built an automobile enterprise pavilion, depicting a desirable picture of “Direct to 2030” with zero emissions, zero traffic accidents, stay away from dependence on oil and away from traffic jams.

At 2020 Expo Dubai, SAIC Motor will bring the “Kun” concept jointly created by the forward-looking design teams of Shanghai and London. Citing the legend of “leviathan” in Zhuangzi’s Carefree Soaring, inspired by “the world and China, the mountain and the sea”, the concept “Kun” integrates bio-intelligence interaction, photosynthetic energy, zero-gravity seat, holographic image interaction and advanced autonomous driving technologies, presents a beautiful picture of smart mobility that is not limited by space in the future and the fusion of human and vehicle environments. It will bring a unique experience of “a glance at technology, a glance at the future, and a glance at China” to the Expo’s

global audience.

A “green and smart” Chinese brand image SAIC Motor is representing China’s automobile industry and actively establishes a “green and intelligent” innovative image at the Expo Dubai.

SAIC Motor has established a global automotive industry chain including R&D, marketing, logistics, parts, manufacturing, finance, second-hand cars and etc. Its products and services are welcomed by more than 70 countries and regions around the world.

oped European countries was nearly 19,000, a year-on-year increase of 133%, ranking in the forefront of vehicle segments in countries such as the United Kingdom, Norway, Denmark, and Iceland. At the same time, the “i-Smart” intelligent networking system has been popular among consumers in Thailand, India, Indonesia and other countries. It has been used on more than 30 overseas models and has activated more than 130,000 users.

Procured from Arab Press Releases

Relying on the advantages of innovative technologies such as new energy vehicles and intelligent networking, SAIC Motor is actively creating differentiated international competitiveness. From January to August this year, sales in overseas markets exceeded 370,000 units, with a yearon-year increase of 106.4%, ranking No. 1 in overseas sales of Chinese auto companies. Among them, MG brand reached 182,000 units with an increase of 83.9% year-onyear. MG Sales in developed countries accounted for nearly 40% and winning the “China Single Brand Overseas Sales Champion”. The NEV sales of self-owned brands in devel51

BANKING

52

BANKING

YAP Launches First Independent Digital Banking Platform In The United Arab Emirates YAP, the leading fintech revolutionizing the digital banking experience in the Middle East, Africa and South Asia, has launched the first independent digital banking platform in the United Arab Emirates (UAE). After completing a digital onboarding process, members get a bank account, a YAP Mastercard Debit Card and an app with a simple digital user interface that provides a 360-degree view of a consumer’s spending analytics, easy ways to transfer money and pay bills, and real-time notifications of purchases, withdrawals and transfers. YAP has partnered with RAK Bank in the UAE to provide IBAN and BIN sponsorship.

The app was designed with the latest innovative technology in fintech to make banking easy and more accessible to consumers. With no minimum balance required and a host of money and financial service tools, the app is designed to change the way people bank in the region.

The app also offers a virtual card with unique security features such as a unique card number, a unique CVV, and an expiration date for secure online shopping.

Focused on the belief that hassle-free banking will lead to better financial literacy, YAP offers an extensive database of resources for users so that one can go from financially inexperienced to an expert money manager. Through a digital suite of instruments such as analytics and budgeting tools, bill splitting, consolidating and automating utility bill payments, and receiving reminders for payments due, one can take the reins on controlling one’s finances all at the touch of a button.

The company said that more than 20,000 consumers had already pre-registered to use the app, and that several hundred early adopter accounts would go live in each of the next few weeks.

“We set out with the goal of creating an app that made digital banking enjoyable and easy for consumers and we’ve received an enthusiastic response. The fintech revolution has become very popular in other parts of the world and we saw a gap and unique need for this service in the Middle East, said YAP CEO and founder Marwan Hachem.

Part of the Media announcement from the YAP team

53

WINNERS 2021

International Business Magazine Award Winners - 2021 County

Name of the Company

Category

Bahrain

Al Hilal Takaful

Best Family Takaful Company Bahrain 2021

Bahrain

BBK Bank

Best Retail Bank Bahrain 2021

Bahrain

BBK Bank

Best Internet Bank Bahrain 2021

Bahrain

STC Bahrain

Best Digital Infrastructure Development Bahrain 2021

Bahrain

Nezar Banabeela (STC Bahrain)

Telecom CEO of the year Bahrain 2021

Bahrain

Brinc

Most Innovative Alternative Investment Management Company Bahrain 2021

Bahrain

Credimax

Best Credit Card Loyalty & Rewards Campaign Bahrain 2021

Egypt

ADIB (Abu Dhabi Islamic Bank)

Best Islamic Bank Egypt 2021

Egypt

ADIB (Abu Dhabi Islamic Bank)

Best Digital Bank Egypt 2021

Egypt

ADIB (Abu Dhabi Islamic Bank)

Best Shari’a Compliant Leasing Service Provider Egypt 2021

Egypt

Arab African International Bank

Best Investment Bank Egypt 2021

Egypt

Arab African International Bank

Best Corporate Bank Egypt 2021

Egypt

Arab African International Bank

Best CSR Bank Egypt 2021

Egypt

Arpu Square

Best VOD Platform Egypt 2021

Egypt

Banque Du Caire

Best Bank for Treasury Egypt 2021

Egypt

Banque Du Caire

Best Foreign Exchange Bank Egypt 2021

Egypt

Banque Du Caire

Most Sustainable Bank Egypt 2021

Egypt

CI Asset Management

Best Asset Manager in Egypt 2021

Egypt

CI Asset Management

Best Equity fund in Egypt 2021

Egypt

Masaref BSC

Best Banking Solution Provider Egypt 2021

Egypt

Orascom Construction

First wind BOO Renewable Project in Egypt 2021

Egypt

Orascom Construction

Largest Wastewater Treatment Plant Egypt 2021 (Bahr El Baqar)

Egypt

Orascom Construction

Best Wastewater Management Egypt 2021 (Abu Rawash)

Egypt

Quill Energy

Best Utility company (Energy sector) Egypt 2021

Egypt

Quill Energy

Fastest growing metering company Egypt 2021

Jordan

KPMG Jordan (Hatem Kawasmy, Managing Partner)

Most influential Leader (Tax Advisory and Strategic Planning) Jordan 2021

Kuwait

Ahli United Bank

Best Private Bank in Kuwait 2021

Kuwait

National Investments Co.

Best Investment Management Company Kuwait 2021

Oman

National Bank of Oman

Best Mobile App Oman 2021

Oman

Ooredoo Oman

Best Employee Experience Oman 2021

Oman

Bank Nizwa

Best Islamic Bank Oman 2021

Oman

Etteqa for Cybersecurity Services LLC

Most Innovative cyber security solutions Provider Oman 2021

Qatar

Raghavan Seetharaman (Doha Bank)

Banking CEO of the Year Qatar 2021

Qatar

Doha Bank

Best Digital Wallet App Qatar 2021

Qatar

Ooredoo

Best Telecommunication Company Qatar 2021

Qatar

Ooredoo

Most Innovative Digital Communication Service Provider Qatar 2021

Qatar

The first Investor

Best Equity Portfolio Manager Qatar 2021

Qatar

Qatar Islamic Bank

Best Digital Bank of the Year Qatar 2021

Qatar

Qatar Islamic Bank

Best Mobile Banking Qatar 2021

KSA

ANB Invest

Best Asset Manager Saudi Arabia 2021

Kuwait

NBK Capital

Best Real Estate Investment Advisory Kuwait 2021

Kuwait

NBK Capital

Most Innovative Investment Firm Kuwait 2021

Saudi Arabia

Aljazira Takaful

Best Takaful Operator Saudi Arabia 2021

Saudi Arabia

Alkhair Capital

Fastest Growing Brokerage Company Saudi Arabia 2021

Saudi Arabia

Albilad Capital

Best Endowment Fund Provider of the Year 2021 Saudi Arabia

Saudi Arabia

Mr. Zaid Almufarih (CEO of Albilad Capital)

Best Investment Banking CEO Of The Year Saudi Arabia 2021

Saudi Arabia

BUPA Arabia

Best Health Insurance Company 2021

54

WINNERS 2021 County

Name of the Company

Category

Saudi Arabia

Mr. Tal Nazer (CEO, BUPA Arabia)

Insurance CEO of the Year Saudi Arabia 2021

Saudi Arabia

Bahri

Best Treasury Management Company Saudi Arabia 2021

Saudi Arabia

Bahri

Best Logistics Solutions Provider Saudi Arabia 2021

Saudi Arabia

FALCOM Financial Services

Best Fund Manager of the year Saudi Arabia 2021

Saudi Arabia

FALCOM Financial Services

Most Innovative Asset Management Company Saudi Arabia 2021

Saudi Arabia

FALCOM Financial Services

Most Notable Listing Award 2021 in Saudi Arabia

Saudi Arabia

Riyad Bank

Best Corporate Bank Saudi Arabia 2021

Saudi Arabia

Sejel Technology Co.Ltd

Best Technology Solutions Provider Saudi Arabia 2021

UAE

Arms &McGregor International Realty

Most Innovative Real Estate Advisory Firm UAE 2021

UAE

Commercial Bank of Dubai

Best Digital Bank UAE 2021

UAE

Commercial Bank of Dubai

Best Digital Product (Digi Accounts) UAE 2021

UAE

Ahmed Abdelaal (Mashreq Bank)

Banking CEO of the Year UAE 2021

UAE

Mashreq Bank

Best Retail Bank UAE 2021

UAE

Noor Takaful

Most Innovative Takaful Provider UAE 2021

UAE

Pyramedia

Best Media Consultancy UAE 2021

UAE

Savington International Insurance Brokers LLC

Insurance Broker of the Year UAE 2021

UAE

NeoShine Healthcare Alliance FZ LLC

Best Online Healthcare Marketplace UAE 2021

UAE

NeoShine Healthcare Alliance FZ LLC

Best Online Healthcare Marketplace UAE 2021

UAE

NeoShine Healthcare Alliance FZ LLC

Best Online Healthcare Marketplace UAE 2021

Middle East

MultiBankFX

Best CFD Broker UAE 2021

Middle East

Silah Gulf

Best digital transformation project Middle East 2021

Middle East

Silah Gulf

Best CX in times of crisis Middle East 2021

Middle East

Derayah Financial

Most Advanced Brokerage Platform Middle East 2021

Middle East

Qatar Islamic Bank

Best Islamic Bank Middle East 2021

Middle East

Vestas

Best Renewable Energy Company MENA 2021

Middle East

ADSS

Best Institutional Forex Broker / White Label Middle East 2021

MEA

Global Private Equity Partners

Best International Project Financing Middle East Asia 2021

MENA

AFS

Leading Payment Solutions Provider Mena 2021

GCC

CMTrading

Best Financial Broker GCC 2021

Africa

Africa50 Infrastructure Fund

Best Infrastructure Investment company Africa 2021

Africa

SuperForex

Best ECN Forex Broker Africa 2021

Africa

Infracredit

Most Innovative Infrastructure Finance Company Africa 2021

Cameroon

Zenithe Insurance

Best Online Insurance Provider Cameroon 2021

Ghana

Zenith Bank

Best Corporate Bank Ghana 2021

Ghana

ZeePay

Fastest Growing FinTech Company Ghana 2021

Kenya

Kenya Women Microfinance Bank

Best Micro Finance Bank Kenya 2021

Kenya

Kenya Women Microfinance Bank

Best Mobile Banking Kenya 2021

Kenya

Kwale International Sugar Company Ltd

Best CSR Company Kenya 2021

Kenya

National Bank of Kenya

Best Bank In Customer Service Kenya 2021

Kenya

National Bank of Kenya

Best Islamic Window Kenya 2021

Kenya

National Bank of Kenya

Best SME Bank In Kenya 2021

Kenya

Standard Chartered Bank Kenya

Best Consumer Digital Bank Kenya 2021

Kenya

Standard Chartered Bank Kenya

Best Corporate Bank Kenya 2021

Kenya

Standard Chartered Bank Kenya

Best in Corporate Governance Kenya 2021

Maldives

Ooredoo

Best 5G Broadband Service Provider Maldives 2021

Mauritius

Bank of Mauritius

Best Central Bank Indian Ocean Region 2021

Mauritius

Sunibel Corporate Services Ltd

Best Financial Services Firm Mauritius 2021

Mauritius

Sunibel Corporate Services Ltd

Best Financial Advisory Firm Mauritius 2021

Namibia

Bank Windhoek Limited

Best Corporate Bank Namibia 2021

Namibia

Ms. Baronice Hans (Managing Director – Bank

Best Banking CEO Of The Year Namibia 2021

Windhoek Limited)

55

WINNERS 2021

County

Name of the Company

Category

Nigeria

WEMA Bank

Best Commercial Bank Nigeria 2021

Nigeria

WEMA Bank

Best Digital Bank Nigeria 2021

Nigeria

C&I Leasing Plc,

Best Telematics Service Provider Nigeria 2021

Nigeria

Korede Adedayo (CEO – FirstTrust Mortgage Bank)

Best Mortgage Bank CEO of the Year Nigeria 2021

Nigeria

AMarkets Ltd

Best Copy-Trading Platform Nigeria 2021

Nigeria

AMarkets Ltd

Best Affiliate Program Nigeria 2021

Nigeria

Nem Insurance PLC

Best Marine Insurance Provider Nigeria 2021

Nigeria

Nem Insurance PLC

Best Motor Insurance Provider Nigeria 2021

Somalia

RA International FZCO

Best Integrated Facilities Management Company Somalia 2021

South Africa

Forex Masters

Best Forex Training Company South Africa 2021

South Africa

McD Squared (Pty) Ltd

Best PR and Communications Agency South Africa 2021

South Africa

McD Squared (Pty) Ltd

Best Telecommunication Marketing Agency South Africa 2021

South Africa

A2X Markets

Fastest Growing Stock Exchange South Africa 2021

South Africa

Globex360

Fastest Global Expanding Broker South Africa 2021

South Africa

Globex360

Best Customer Service South Africa 2021

South Africa

Globex360

Most Innovative Broker South Africa 2021

South Africa

Nedbank Retail and Business Bank(RBB)

Best Mobile Banking South Africa 2021 (Banking Division)

South Africa

Nedbank Retail and Business Bank(RBB)

Best Internet Banking South Africa 2021 (Banking Division)

South Africa

Vumatel

Best Broadband Provider South Africa 2021

South Africa

Dietlof Mare (Vumatel)

Telecom CEO of the Year South Africa 2021

Africa

CITITRUST Holdings PLC

Excellence in Financial Services Africa 2021

Africa

CITITRUST Holdings PLC

Leading Investment Holdings Company in Africa 2021

Africa

Nedbank Africa Regions (NAR)

Best Mobile Banking Africa 2021 (Technology Division)

Africa

Nedbank Africa Regions (NAR)

Best Internet Banking Africa 2021 (Technology Division)

Tanzania

ABSA Bank Tanzania Limited

Most Innovative Digital Bank Tanzania 2021

Tanzania

Guaranty Trust Bank (Tanzania) Ltd

Most Innovative Bank 2021

Tanzania

Guaranty Trust Bank (Tanzania) Ltd

Best Digital Bank Tanzania 2021

Tanzania

The Jubilee Insurance Company Of Tanzania LTD

Best General Insurance Company Tanzania 2021

Tanzania

NMB Bank PLC

Best Retail Bank Tanzania 2021

Zimbabwe

BancABC Zimbabwe

Most Innovative Retail Bank Zimbabwe 2021

Zimbabwe

Zimnat Group

Best Financial Services Group Zimbabwe 2021

Zimbabwe

Zimnat Group

Most Innovative Financial Services Company Zimbabwe 2021

East Africa

Tracom Services ltd

Best Digital Payment App East Africa 2021

Globe

Hotforex

Best Client Fund Security Global 2021

Anguilla

National Commercial Bank of Anguilla

Best Bank in Financial Literacy Anguilla 2021

Anguilla

National Commercial Bank of Anguilla

Best Retail Bank Anguilla 2021

Anguilla

National Commercial Bank of Anguilla

Best CSR during Pandemic 2021

Bermuda

Equilibria Capital

Best Multi Strategy Fund Bermuda 2021 – For Fund Advance Global

Brazil

Minerva Foods

Best ESG Processing Plant Investment Partners Brazil 2021

Chile

Banco Internacional

Best SME Bank Chile 2021

Chile

Mario Chamorro Carrizo (Banco Internacional)

Best Banking CEO Chile 2021

Central America

Caye International Bank

Best International Private Bank Central America 2021

Jamaica

National Commercial Bank Jamaica

Best Banking Group Jamaica 2021

Jamaica

National Commercial Bank Jamaica

Best Commercial Bank Jamaica 2021

Jamaica

NCB Financial Group Limited

Best Financial Services Group Jamaica 2021

Peru

Pacifico Seguros

Best Insurance Company Peru 2021

St. Vincent & the Grenadines Prime Point LLC

Most Innovative Affiliate Program St. Vincent & the Grenadines 2021

St. Vincent & the Grenadines Prime Point LLC

Best New CFD Broker St. Vincent & the Grenadines 2021

St. Vincent & the Grenadines Prime Point LLC

Fastest Growing CFD Broker St. Vincent & the Grenadines 2021

56

WINNERS 2021

County

Name of the Company

Category

United States

Ethica Institute of Islamic Finance

Best Islamic Finance Certification Provider US 2021

United States

GrowthChannel AI solution

Fastest Growing MarTech Startup USA 2021

USA

Nucleus195

Best Global Investment Research Marketplace USA 2021

Asia

Forex4You

Best Trading Conditions Asia 2021

Asia

DeeMoney

Most Innovative Payment Platform APAC 2021

Australia

eToro

Best Stocks Provider Australia 2021

Australia

Eightcap

Best MT4 Forex Broker Australia 2021

Australia

Fast Cover Travel Insurance

Best Travel Insurance Australia 2021

Bangladesh

Nagad

Best Digital Financial Service Platform Bangladesh 2021

Cambodia

Cambodia Post Bank

Fastest Growing Retail and SME Bank Cambodia 2021

Cambodia

Sovannaphum Life Insurance Company

Most Innovative Life Insurance Company Cambodia 2021

Cambodia

Vattanac Bank

Most Innovative Mobile Banking App – Cambodia 2021

Cambodia

Vattanac Bank

Best Customer Service Bank – Cambodia 2021

China

China Southern Asset Management Co., Ltd.

Best Asset Management Company China 2021

China

Fosun International Limited

Best Multi Consumer Products and Service Provider China 2021

China

Fosun International Limited

Best Innovation Driven Consumer Group China 2021

China

China Asset Management Co., Ltd.

Best Fund Management Company China 2021

China

China Asset Management Co., Ltd.

Best Investment Management Company China 2021

Hong Kong

Fosun International Limited

Best Innovation Driven Consumer Group Hong Kong 2021

Hong Kong

Fosun Hani Securities Limited

Fastest Growing Financial Institution Hong Kong 2021

Hong Kong

COSCO Shipping Ports

Best Investor Relations Company (Ports Sector) Hong Kong 2021

Hong Kong

COSCO Shipping Ports

Best CSR Company (Ports Sector) Hong Kong 2021

Hong Kong

COSCO Shipping Ports

Most Sustainable Company (Ports Sector) Hong Kong 2021

Hong Kong

COSCO Shipping Ports

Best Shipping Port Operator Hong Kong 2021

Hong Kong

Hong Kong Asset Management Ltd

Best Performing Credit Fund Hong Kong 2021

Hong Kong & China

Winson Capital

Best International Financial Advisory – HK & China 2021

Hong Kong

Prive Technologies

Most Innovative Financial Services Provider Hong Kong 2021

Hong Kong

Brimstone Asset Management Company Limited

Fastest Growing Asset Management Company Hong Kong 2021

Hong Kong

Brimstone Asset Management Company Limited

Best Fixed Income Fund Hong Kong 2021

Kazakhstan

Al Hilal Bank

Pioneer of Islamic banking in Kazakhstan 2021

Kazakhstan

BCC Invest JSC

Best Advisor in Kazakhstan 2021

Kazakhstan

BCC Invest JSC

Best Asset Manager Kazakhstan 2021

Kazakhstan

BCC Invest JSC

Best Broker in Kazakhstan 2021

Laos

Maruhan Japan Bank Lao

Most Innovative Digital Bank Laos 2021

Laos

Maruhan Japan Bank Lao

Fastest Growing Commercial Bank Laos 2021

Malaysia

Hong Leong MSIG Takaful

Best Takaful Operator Malaysia 2021

Malaysia

V Capital

Best Corporate Advisory Firm Malaysia 2021

Malaysia

V Capital

Best Fintech Advisory Firm Malaysia 2021

Myanmar

Christopher Loh (uab bank Limited)

Banking CEO of the Year Myanmar 2021

Myanmar

uab bank Limited

Best Investment Bank Myanmar 2021

Myanmar

Kyawt Kay Khaing (Deputy CEO, uab bank Limited)

Business Woman of the Year Myanmar 2021

Philippines

Alveo Land

Best Real Estate Company Philippines 2021

Philippines

Ayala Foundation

Best CSR Initiatives Philippines 2021

Philippines

Robinsons Bank

Best Commercial Bank Philippines 2021

Philippines

Robinsons Bank

Best Mobile Banking App Philippines 2021

Philippines

Robinsons Bank

Best Bancassurance Product Philippines 2021

Philippines

Robinsons Bank

Best Banking Credit Card Program Philippines 2021

Philippines

Union Bank of Philippines

Best Bank in Data Science, AI and Machine Learning Philippines 2021

Singapore

CredoLab Pte Ltd

Best Credit Scoring Platform Provider in Singapore 2021

57

WINNERS 2021

County

Name of the Company

Category

Singapore

CredoLab Pte Ltd)

Most Innovative FinTech Company in Singapore 2021

Sri Lanka

Amana Takaful

Best Takaful Insurance Provider 2021

Sri Lanka

Amana Takaful

Most Innovative Insurance Product Portfolio 2021

Sri Lanka

Amana Takaful

Best Insurance Customer Satisfaction Award 2021

Sri Lanka

Aberdeen Holdings Pvt Ltd

Most Diversified Conglomerate 2021

Sri Lanka

Aberdeen Holdings Pvt Ltd

Most Eco-Friendly Organization 2021

Sri Lanka

Aberdeen Holdings Pvt Ltd

Highest International Reach Award 2021

Sri Lanka

Indika Kariyawasam Kiriwandeniya (SANASA LI)

Life Insurance CEO of the year 2021 Sri Lanka

Sri Lanka

Commercial Bank of Ceylon PLC

Best Commercial Bank in Sri Lanka 2021

Sri Lanka

Dialog Finance PLC

Best Digital Financial Solutions Provider Sri Lanka 2021

Sri Lanka

FITS Express (Pvt) Ltd

Fastest Growing Logistic Company in Sri Lanka 2021

Sri Lanka

FinTech Business Consultancy PVT LTD

Best Business Consultancy Firm Sri Lanka 2021

Sri Lanka

HNB Finance PLC

Best CSR Finance Company in Sri Lanka 2021

Sri Lanka

NDB Bank

Best Investor Relations Bank Sri Lanka 2021

Sri Lanka

NDB Bank

Best Retail Bank Sri Lanka 2021

Sri Lanka

NDB Bank

Most Innovative Corporate Bank Sri Lanka 2021

Sri Lanka

People’s Bank

Best Digital Bank Sri Lanka 2021

Sri Lanka

Mr. Ranjith Kodituwakku (People’s Bank)

Banking CEO of the Year Sri Lanka 2021

Sri Lanka

Pan Asia Bank

Best Treasury and Cash Management Bank Sri Lanka 2021

Sri Lanka

Pan Asia Bank

Fastest Growing Commercial Bank Sri Lanka 2021

Sri Lanka

NDB Investment Bank

Best Investment Bank Sri Lanka 2021

Sri Lanka

NDB Investment Bank

Most Trusted Investment Banking Brand Sri Lanka 2021

Sri Lanka

Sampath Bank PLC

Fastest growing retail bank 2021

Sri Lanka

Sampath Bank PLC

Most innovative Retail bank 2021

Sri Lanka

Union Assurance PLC

Most Innovative Digital Insurance Company Sri Lanka 2021

Sri Lanka

Union Assurance PLC

Most Innovative Digital Initiative Sri Lanka 2021

Taiwan

Taipei Fubon Bank

Most Innovative Microfinance Bank Taiwan 2021

Taiwan

Taipei Fubon Bank

Best Risk Governance and Intellectual Anti-hacking Initiative Taiwan 2021

Taiwan

Taipei Fubon Bank

Best Trade Finance Bank Taiwan 2021

Taiwan

Taipei Fubon Bank

Best Supply Chain Finance Bank Taiwan 2021

Taiwan

Yuanta Commercial Bank

Most Innovative Digital Bank Taiwan 2021

Taiwan

Yuanta Commercial Bank

Best Mobile Banking Application Taiwan 2021

Taiwan

Yuanta Financial Holding Company

Best CSR Company Taiwan 2021

Thailand

Bangkok Commercial Asset Management Plc

Best Investor Relations Thailand 2021

Thailand

Bualuang Securities Public Company Limited

Best Securities Brokerage Firm Thailand 2021

Thailand

Bualuang Securities Public Company Limited

Best Capital Markets Thailand 2021

Thailand

Global Power Synergy Public Company Limited

Best IR Company Thailand 2021 (Energy Sector)

Thailand

Global Power Synergy Public Company Limited

Most Innovative Sustainable Company Thailand 2021 (Energy Sector)

Thailand

Krungthai–AXA Life Insurance Public Company LTD

Health Insurance Provider of the Year Thailand 2021

Thailand

Krungthai–AXA Life Insurance Public Company LTD

Best CSR Initiative Thailand 2021

Thailand

Nova Asset Management

Best Hospitality Consulting Company Thailand 2021

Thailand

Nova Asset Management

Best Hotel Asset Manager Thailand 2021

Thailand

Osotspa Public Company Limited

Best Leader in Food & Beverage Sector Thailand 2021

Thailand

Osotspa Public Company Limited

Best Investor Relations Company Thailand 2021 (Food & Beverage Sector)

South East Asia

BCPG Public Company Limited

Most Innovative Renewable Energy Company South East Asia 2021

South Korea

IFCMARKETS. Corp.

Best International Forex Broker South Korea 2021

Vietnam

Manulife (Vietnam) Company Limited

Best CSR Insurance Company Vietnam 2021 (ManulifeMove Product – A Free Health & Fitness Application)

Vietnam

58

Harrison Spence Consulting

Best in Class Mergers and Acquisition Specialist Vietnam 2021

WINNERS 2021

County

Name of the Company

Category

Vietnam

Harrison Spence Consulting

Best Business Consultancy Vietnam 2021

Vietnam

IFCMARKETS. Corp.

Best International Forex Broker Vietnam 2021

Vietnam

Shinhan Bank

Best International Bank Vietnam 2021

Vietnam

Standard Chartered Bank

Best Foreign Bank in Vietnam 2021

Vietnam

Timo Digital Bank

Best Digital Bank Vietnam 2021

Vietnam

Vietcombank Fund Management

Best Fund Management Company Vietnam 2021

Belgium

ING

Best Private Bank Belgium 2021

Croatia

Bomis Ltd.

EU Funding Project Management Croatia 2021

Czech Republic

CSOB Private Banking

Best Private Bank Czech Republic 2021

Cyprus

Forex TB

Fastest Growing CFD Broker 2021

Cyprus

Fondex

Best cTrader Broker Cyprus 2021

Cyprus

Forex TB

Best CFD Broker Cyprus 2021

Cyprus

Forex TB

Most Trusted Broker Cyprus 2021

Cyprus

Infocredit Group Ltd.

Best B2B Service Provider Cyprus 2021

Europe

7Marketz Deutschland GmbH

Best Fintech Marketing Solutions Europe 2021

Europe

Bybit

Most Trusted Trading Platform Europe 2021

Europe

B2Broker

Best Liquidity & Technology Provider Europe 2021

Europe

FFF Asset Management

Best Hedge Fund (Total Return) Europe 2021

Europe

FFF Asset Management

Most Consistent Hedge Fund (Total Return) Europe 2021

Europe

FFF Asset Management

Best Fixed Income Hedge Fund (Total Return) Europe 2021

Europe

Rynat Capital (Pty) Ltd.

Best Mobile Broker Europe 2021

Europe

Sofarm

Best Social Traffic Solution Provider Europe 2021

France

Alter Equity

Impact Investor of the Year France 2021

Germany

HYCM

Best Forex Broker Germany 2021

Germany

GreenTec Capital Partners Germany

Best Private Equity Firm Germany 2021

Great Britain

Aalto Capital

Best Investment Banking Firm Great Britain 2021

Great Britain

Fitch Learning

Most Innovative Global Training and Consulting Company Great Britain 2021

Italy

Banca Generali

Best Private Bank Italy 2021

Portugal

Banco Finantia

Best Investment Bank Portugal 2021

Portugal

Whitestart Asset Management

Best Credit Portfolio Management Company Portugal 2021

Serbia

Banca Intesa ad Beograd

The Best Bank Serbia 2021

Spain

BBVA

Best Account Management Solution Spain 2021

Spain

BBVA

Best Initiative of Aggregation Spain 2021

Spain

BBVA

The Best Boot For Clients – Blue (BBVA) 2021

UK

Crown Agents Bank

Best Forex Emerging Markets Service Provider UK 2021

UK

Crown Agents Bank

Best Wholesale Forex Service Provider UK 2021

UK

Crown Agents Bank

Best Cross-Border Payments Service Provider UK 2021

UK

Origen Financial Services

Best Financial Advisory Firm UK 2021

UK

Clear Capital Markets

Best Advisory Stockbrokerage Company United Kingdom 2021

UK

VERMEG

Leading Financial Technology Company UK 2021

UK

VERMEG

Best Insurance Technology Company UK 2021

Western Europe

LegacyFX

Best Forex Broker Western Europe 2021

Global

Fullerton Markets

Most Innovative Affiliate Program Global 2021

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