Company News

Kuwait May 16th 2012:

Wataniya Telecom announced the official inauguration of the “Wataniya Hall” located at the Kuwait Society of Engineers (KSE) premises which took place on Tuesday, May 15th, 2012. The ceremony was attended by General Manager and CEO of Wataniya Telecom, Scott Gegenheimer as well as Husam Al-Khorafi Head of KSE in addition to a number of officials from both Wataniya Telecom and KSE.

A ribbon cutting marked the official opening of the Hall which serves as a room to host training courses and workshops at KSE and is equipped with high-end audio and video technology. The Hall was renovated and branded by Wataniya Telecom and will be called the “Wataniya Hall”.

Kuwait May 2012

As part of Oula Fuel Marketing Company’s ongoing efforts to upgrade and add valuable services to its existing and new stations, the company has recently installed new air and water towers in 20 stations with the goal to complete installation in the remaining stations in the upcoming year.

Commenting on the installation of the towers, Adel Al Awadi VP Marketing and Business Development said: “We are proud to keep introducing new initiatives and services at our stations that ease the process for our customer whenever they need it. We are happy to officially guarantee our customers that within one year water and air towers will be installed in all Oula stations distributed around Kuwait for their convenience at anytime.”

•    JV will launch $100m fund
•    Fund to invest in Middle East, Turkey and North Africa

WASHINGTON/ABU DHABI, May 14 – U.S. private investment company Paladin Capital Group and Abu Dhabi-based investment company Invest A.D. have established a private equity joint venture that will channel investments into the Middle East and North Africa (MENA) region and Turkey.

The joint venture between Paladin Capital (Middle East) Limited, a company registered in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority, and Invest A.D., a subsidiary of the Abu Dhabi Investment Council -- a leading sovereign wealth fund -- plans to launch a $100 million fund to tap growing global investor interest in new emerging markets growth opportunities.   

Recognised for consistently delivering high quality logistics solutions 

May 14, 2012

Globe Express Services (GES), one of the world’s top 100 global logistics providers, has announced that it was recently honoured with the Platinum Award by Maersk Line Shipping, the world’s largest ocean carrier and the most reliable container shipping company, recognising GES as one of the best performing logistics providers in the UAE.  

The award was presented to Mustapha Kawam, Managing Director-Gulf States of GES, and John C. George, Sales Manager of GES, by Lars Nielsen, Managing Director of Maersk Line and Joel Rodricks, General Manger of Maersk Line in the UAE, during a ceremony that was attended by senior officials from other freight forwarding and logistics companies.

●    Nile Perishable Trans Ltd. became DHL FoodServices Egypt Ltd. on April 1
●    Re-branding process helps gain access to international markets

Dubai, May 14, 2012: DHL Freight, one of the leading providers of road freight services in Europe, strengthens its brand in Egypt. As of April 1, Nile Perishable Trans Ltd. operates under the name DHL FoodServices Egypt Ltd. The re-branding process highlights that the company belongs to Deutsche Post DHL, whose expertise and closely-knit network around the globe will help DHL FoodServices Egypt Ltd. strengthen existing business and gain further access to international markets.

MTIC: the first insurance company to activate the Emirati ID card to electronically issue insurance policies

Abu Dhabi, May 12, 2012: Methaq Takaful Insurance Company announced that it has successfully finalized the electronic link in coordination with EIDA, in order to complete all procedures required to issue all types of insurance policies and obtain personal data pertaining to clients through EIDA.

CSR Summit 2012 explores best CSR practices

Implementing energy and water initiatives saved Dubai Chamber USD 1.93 million in 10 years

Dubai - May 10, 2012: United Arab Emirates businesses have been challenged to improve their environmental performance as part of their Corporate Social Responsibility (CSR) initiatives. This not only saves businesses money but it also contributes to the vision of the UAE’s leaders and provides significant social and environmental benefits according to the Dubai Chamber of Commerce & Industry.

- Deloitte: expanding into global and new markets top strategic priority for oil and gas sector executives in the Middle East

- Deloitte: Executives indicate critical talent shortages in the oil and gas sector inoperations, information technology, risk and regulatory, and research and development

9 May, 2012 – In a Deloitte report entitled the Talent Edge 2020: Redrafting talent strategies for the uneven recovery, experts focused on the oil and gas sector, to gauge the talent trends in the growing industry. Of the key findings, the majority of the surveyed oil and gas executives anticipate a looming talent shortage in all skill categories, the most pressing of which is in operations (81%).

The Deloitte report is based on the responses of 376 executives, 34% of which from Europe, Middle Eastand Africa, outlining key talent-related challenges across industries. Findings indicate that critical talent shortages, retention programs, and the growing reliance on discovering global talent are top concerns for oil and gas executives.