- Using Unimoni Kuwait’s mobile app and website, customers can now transfer money anytime anywhere at competitive exchange rates.  


Kuwait City, 08 December 2019: Unimoni Exchange WLL (“Unimoni Kuwait”), a renowned financial solutions provider and a Finablr company, today announced the launch of its online money transfer service as part of its digital offering in Kuwait. With the introduction of the new online service, customers can now send money using the Unimoni Kuwait mobile app or website at competitive exchange rates, seamlessly and securely from anywhere, anytime.


Unimoni Kuwait’s mobile app, available on iOS and Android, comes with a user-friendly interface that includes features such as real-time transaction tracking, rate alert through email and SMS, voice command and secure login options using One Time Passwords (OTP), fingerprint or face recognition. Registered customers of Unimoni Kuwait can directly log in to the mobile app (Unimoni Kuwait) or website ( and send money straight away. New customers have to complete a simple one-time registration process, at any of the conveniently-located Unimoni Kuwait branches before using the online money transfer service.


Commenting on the launch, Pradeep Kumar, Group Chief Executive Officer of Unimoni, said, “Technology continues to seep into human lives to the extent that it adds convenience and provides greater control to individuals. As a group, we are focused on empowering people all over the world to fulfil their aspirations by providing them with cutting-edge financial products and services, delivered through omni-channel touchpoints. The launch of our online service in Kuwait is a significant milestone, one that enables us to elevate our customers’ money transfer experience to new highs through technology.”



Vivek Nair, Country Head of Unimoni Kuwait, said, "Technology-enabled services are making strong inroads into Kuwait, engaging more people through intuitive user experiences. Our new online money transfer service seeks to meet the evolving needs of customers, who prefer to have access to financial services anytime and from anywhere, as part of an enhanced user experience. We are grateful to the Central Bank of Kuwait and our well-wishers for their continued support in our endeavour to bring a wide portfolio of products to the market.”


Unimoni Kuwait operates through 12 retail outlets in the country and offers a range of money transfer and foreign currency exchange solutions for retail and corporate customers.

LONDON, November 16, 2019 –--(BUSINESS WIRE)--  The prestigious World Branding Awards, the ultimate global brand recognition accolade – now in its 10th edition, saw 318 brands from 41 countries named “Brand of the Year” in a dazzling ceremony held at the State Apartments of Kensington Palace today. The brands were nominated by over 230,000 consumers across the globe.

Beijing Tong Ren Tang, CHAI LI WON, CoCo, Heinz, IKEA, LEGO®, Netflix, Neutrogena®, Spotify, and Yakult were celebrated as Global Tier award winners.

Regional Tier winners included Aramex (United Arab Emirates); Elkjøp (Norway); H&M (Sweden); Lancôme (France); Naturgy (Spain); Optical 88 (Hong Kong); LuLu (United Arab Emirates); Isetan (Japan); and ZALORA (Singapore).

Kuwaiti brands honoured as National Tier winners included Al Salam International Hospital (Healthcare – Hospitals), Aqua Gulf (Water), GIG (Insurance), Mabanee (Property Developer), Riva (Fashion Brand), and The Avenues (Shopping Centre/ Mall).

Winners are uniquely judged through three streams: brand valuation, consumer market research, and public online voting. Seventy percent of the scoring process comes from consumer votes. There can only be one winner in each category per country.


“The Awards are an acknowledgement to the tireless effort of the teams that build and maintain their brand presence in an ever-changing market,” said Richard Rowles, Chairman of the World Branding Forum.


“A good brand needs to offer a meaningful experience to their customers, while remaining relevant and distinctive,” said Julian Andersen, Managing Director, World Branding Forum. “The world is full of brands, but a truly exceptional brand has to ensure that people know what they stand for. Brands that win show that they have set the standard for what is expected of other brands to be at the top of their game.”


Now in its sixth year, the awards are organised by the World Branding Forum, a global non-profit organisation dedicated to advancing branding standards. It organises and sponsors a range of educational programmes. The Forum also publishes branding news on its website that reaches a global audience of over 34.4 million.


The event was hosted by Jemma Forte, presenter for ITV, BBC1, BB2 and Channel 4. For more information and the full list of winners, visit

About the World Branding Forum

The World Branding Forum (WBF) is a registered global non-profit organisation. Its aims and activities are to raise the standards in branding for the good of the industry as well as consumers. The WBF produces, manages and supports a wide range of programmes covering research, development, education, recognition, networking and outreach. For more information, visit


*Source: AETOSWire

November 16: International Day for Tolerance 2019



Masdar City, Abu Dhabi, United Arab Emirates, November 18, 2019, (AETOSWire): Ryan International School, Masdar City held the Ryan UAE Minithon ‘Run for Tolerance’ on Saturday, November 16: International Day for Tolerance.


More than 1000 participants in different categories joined the run beginning from Ryan International School in Masdar City extending within the city of Masdar and ending at My City Centre in Masdar. Coinciding with the International Day of Tolerance, the event supported the National agenda of the Year – Year of Tolerance in association with Masdar City and My City Centre. Runners included a contingent of over 30 schools and over 700 children from across Abu Dhabi. Over 300 people from different corporate firms around Abu Dhabi also took part in the event.


Guests of Honour at the event included representatives of government bodies - Mr. Abdelillah Oudadas, Minister, Plenipotentiary, Deputy Head of Mission, Embassy of The Kingdom of Morocco, Mr. Sandeep Kaushik, Second Secretary, Press, Information and Culture, Indian Embassy and Mr. Geordeon Rendle, National Director for Youth Unlimited in the UAE at the Ministry of Tolerance. Mr. Rendle and Mr. Kaushik also took part in the race. They were joined by Ms. Aliette Esther, Tourism Attache, Seychelles Tourism Board, Embassy of the Republic of Seychelles, Captain Saeed Qasim Al Rashidi from Bani Yas Police Representative and Captain Omar Al Jabri, Lieutenant Mohamed Najem Al Hosani, Captain Hamad Ali and Captain Mohammad Al Buraiki from Khalifa City Police Representative. Mr. Kamaruddhin, President & Founder, Al Etihad Sports Academy also participated in the event along with hundreds of parents and spectators.


Winners in various categories and from different schools were awarded with Championship Trophies, Medals, Certificates, Gifts and Gift vouchers.


CEO, Ryan Group of Schools, Ryan Pinto said,” We support the vision of the Founding Father of the Nation, His Highness Sheikh Zayed Bin Sultan Al Nahyan to promote the values of respect and tolerance and to cherish the experience of living in a multicultural society. Ryan Group of Schools has been hosting Ryan Minithon events in India for over 19 years. We organize many of the events through October to commemorate Gandhiji’s birth anniversary as the Father of the Indian nation who is also as a symbol of tolerance. We will host another event in Sharjah on November 23 and look forward to organizing this program on a regular basis in the UAE.”


*Source: AETOSWire


Dubai, United Arab Emirates, 18 November 2019, (AETOSWire): In today’s generation, smartphones are more than a necessity and can do just about anything. Smartphones are more than just tech equipment; they have evolved to becoming something of a lifestyle accessory. This is why smartphone consumers are constantly looking to be proud owners of that special device with tremendous features as well as a radiant physical appeal that they can show off.


Gladly, when it comes to the newly launched TECNO SPARK 4, – the device promises to be everything and more!


Although unveiled recently, the TECNO SPARK 4 instantly became a darling to the masses and is already a tremendous hit. It is equipped with the bigger than ever 6.52" Dot Notch Screen. With this unprecedented step, it is goodbye to 6.0-inch screen and Hello to a “BBC” --Bigger, Better and Clearer -- screen. The beauty of a smartphone definitely lies in the extent of clarity the screen is capable of showing. With 90% perfect screen ratio and high resolution, the world the user explores through TECNO SPARK 4 would be much broader and more wonderful, and bringing the user the true super full view experience.


The bigger screen is not the all. The other hot feature of TECNO SPARK 4 is its AI Bright Camera, which enables the user to take brighter and clearer photos even in back light scenarios, avoiding overexposure of the light parts and clearly showcasing dark details. Equipped with 13MP Triple Rear Camera with Aperture F/1.8 and 8MP Front Camera, TECNO SPARK 4 does well in clear photography, bokeh effect and AI portrait mode. Photos and selfies taken by TECNO SPARK 4 would be much more impressive and attractive under any scenarios. Newly upgraded algorithm "AI Camera 2.0" brings AI HDR, AI Scene Detection and more amazing photography functions. Sticking with the essence of AI Bright Camera, TECNO SPARK 4 breaks through the limitation and hides its flashlights in the dot notch screen.


The 4G network enables TECNO SPARK 4 users to be the first ones to know the latest news and trends in this speedy developing era. Using 4G network on TECNO SPARK 4, effectively reduces wait time when surfing social media or watching videos.


TECNO SPARK 4 also supports AI video chat beauty mode-this simply means that users can skip the makeup routine, that is - even when you are not camera ready and you need to appear in a video call, all you need to do is activate the video chat beauty mode on your TECNO SPARK 4 device and you are good to go.


TECNO SPARK 4 will be released 2 colors in UAE, which are Royal Purple/Vacation Blue. The eye-catching color choices would make you easily stand out from the crowds. Priced at AED 459 with 32GB ROM+ 3GB RAM, and AED 529 with 64GB ROM + 4GB RAM for more choices which offers users more space for photos, music, videos and files storage and a faster and more fluent user experience with the system. 2.0GHz Quad-Core processor presents lower power consumption and faster running speed making multitasking easier and smoother. The 4000mAh big battery allows user more time connecting with the world.


About TECNO Mobile

TECNO Mobile is a premium smartphone brand from TRANSSION Holdings. Upholding the brand essence of “Expect More”, TECNO is committed to giving the masses access to latest technology at accessible prices, allowing the consumers to reach beyond their current limitations and uncover a world of possibilities. TECNO understands the needs of consumers from different markets and provides them with localized innovations across a product portfolio featuring smartphones, tablets, and feature phones. TECNO is a major global player with presence in around 60 emerging markets across the world. It is also the global Official Tablet and Handset Partner of Manchester City Football Club. For more information, please visit:



Find Out More


*Source: AETOSWire


  • Cohort 7 to commence exploring future-focused solutions; applications open until November 30, 2019
  • Program addresses government-identified challenges across key sectors

Dubai, United Arab Emirates, 17 November 2019, (AETOSWire): Dubai Future Accelerators (DFA), an initiative of Dubai Future Foundation (DFF) and the Government of Dubai, is once again scouting new talent from among the world’s most innovative start-ups and scale-ups to join its flagship program.

DFA is set up as a business development and market-entry accelerator based on specific demands identified by its partners. Start-ups and scale-ups offering software or product-solutions that meet partners’ requirements are invited to submit their applications until November 30, 2019.

Cohort 7 will invite startups to experiment with emerging technologies, including artificial intelligence (AI) to brainstorm innovative solutions to the likely challenges facing cities of the future in key industries, such as healthcare, transportation, and safety and security.

With DFA facilitating collaborations, the companies will work hand in hand with government entities to address their industry-specific issues. Participating government partners will include Dubai Electricity and Water Authority (DEWA), the Roads and Transport Authority (RTA), the Dubai Health Authority (DHA), Dubai Police and Etisalat Digital.

The launch of this year’s edition follows the success of six earlier cohorts that synergized 13 government entities and 219 startups on 97 challenges. Furthermore, 71 percent of these startups have signed agreements with their partner entities to test their solutions through pilot projects or implement them within their organizations.

Dubai Future Accelerators is an intensive nine-week program that forges partnerships government entities and private sector organizations from Dubai and with start-ups, scale-ups and innovative SMEs from around the world to co-create transformational solutions. It offers a unique opportunity for entrepreneurs to use the city as a test bed for their avant-garde prototypes.

Companies selected to join our 7th cohort get invited to an in-residence program where participants will benefit from direct access to senior decision makers, access to a coworking space, paid roundtrip airfare to Dubai and paid accommodation for the duration of their participation in the mentorship program. Furthermore, DFA does not take any equity in the participating start-ups.

Interested startups that are keen to participate in the global challenge and shape solutions for the future can register now at

*Source: AETOSWire


Dubai, United Arab Emirates, 17 November 2019, (AETOSWire): In building automation networks, the open, neutral BACnet (Building Automation and Control Networks) communication protocol creates the option for exchange among the sensors, actuators, and management systems of different manufacturers.


The BACnet International industry association supports the successful, global application of the BACnet protocol. Phoenix Contact is now an official member of this Who’s Who of Building Automation.


With the Emalytics building management system and matching IoT controllers, the company from Blomberg, Germany facilitates building automation using protocols that are widespread in the building sector: BACnet, for example. At the same time, Phoenix Contact solutions successfully build a bridge to smart IoT technologies, taking the increasingly complex security requirements of the IT world into account.


Bernhard Tillmanns, Director Global Industry Management Building Technology, said: “Because Phoenix Contact is an industrial automation provider, international standards are extremely important to us. We require all types of data to create added value for building operators and users with our solutions. We are pleased to be part of the BACnet International network. Based on the existing building industry standards, we want to develop our innovations further and firmly establish topics such as digitalization and security in the building management industry with our solutions.”


Phoenix Contact has many years of comprehensive process know-how in the industrial solutions business. With its own Emalytics building management system, it provides a building-to-IoT platform. Emalytics gives building operators key information at a glance so they can design sustainable, efficient building operation and more convenience and services for smart building users.


*Source: AETOSWire

PTI is said to be popular among overseas Pakistanis but is that translating into a rise in remittances?
Updated about 4 hours ago

Remittances to Pakistan have been growing steadily since 2005 and whereas regimes with varying outlooks and strategies have been in power in the country, their distinct political and economic outlooks do not appear to have any noticeable impact on this reality.

The Pakistan Tehreek-i-Insaf (PTI) routinely highlights its better-than-the-rest rapport with the expatriate community and an unprecedentedly large rally in suburban Washington, DC, earlier this year that attracted thousands, offers proof for such claims.

However, what does that ultimately mean? And one question to ponder is whether there exist tangible benefits to Pakistan of the party's popularity with overseas Pakistanis.

A proxy measure of PTI’s better brand awareness abroad could be the scale of remittances. The underlying hypothesis being that the party's greater popularity and brand recognition among expatriates should result in a higher increase in the growth rate of remittances. This is also a hypothesis that the party itself has promoted time and again.

'Same difference'

Recent data does not offer robust evidence for a noticeable uptake in remittance volumes now that the party has completed a year in power. The volume of remittances has increased under PTI's rule but that increase follows the growth trajectories observed earlier under the 2008-2013 and the 2013-2018 tenures of the respective PPP and PML-N governments. Therefore, the data-driven conclusion, although preliminary because PTI has been in power for only a year, does not support a noticeable increase in remittances.

As a matter of fact, remittances in the third quarter of 2019 declined to US$5.478 billion from US$5.747 billion in the preceding quarter. And a comparison of the third quarter remittances in 2019 with the third quarter remittances in 2018 also shows a decline in 2019. What could be the reason(s)?



Factors impacting remittances

The fact is the flow of remittances depends on the economic conditions at both ends of the transaction. Factors at the origin, where the expatriate workers earn a living, experience wage increases, job losses, as well as other factors and life events that influence their savings, a part of which is ultimately remitted to Pakistan.

The Gulf region is the primary contributor for Pakistan's remittances, with Saudi Arabia and the UAE as the largest sources. Given the overwhelming reliance of Gulf economies on oil exports, a decline in oil prices can lead to job losses and lower incomes for the labour force. Furthermore, declines in oil prices and exports may also result in impacting the conditions of foreign workers.

Also read: Which political party has been the best for Pakistan's economy? Trade stats reveal all

Though the preceding argument suggests a direct link between oil prices and remittances, the empirical evidence is rather nuanced. For instance, a review article published in the Economic Notes earlier this year contends that “remittance flows to major remittance recipients in Mashreq, Pakistan, and Yemen fell only modestly following large declines in oil prices and recovered quickly in line with oil prices”. Hence poor economic outcomes in the source countries impact remittance flows negatively, but that impact has been limited.

At the destination end of the transaction, the flow of remittances is largely influenced by the intensity of the kin’s need. Births, deaths, tragedies, celebrations, and other life events may influence the temporal intensity of remittances. One can extend the idea to argue that financial hardships resulting from economic or other stimuli are likely to increase the flow of remittances. Economists Giulia Bettin and Alberto Zazzaro have reached similar conclusions in the Journal of Development Studies.

Moreover, marginalised communities in Pakistan often bear the brunt of a multitude of economic, environmental, and other geopolitical risks. Research by economists Mazhar Yasin Mughal and Amar Iqbal Anwar, published in the journal Defence and Peace Economics, reveals that an increase in terrorist violence in Pakistan, which contributed to destabilisation in economic and consumer activity, correlated with an increase in the financial hardship of low income households in Pakistan. The authors also found a strong correlation between the increase in violence and an increase in remittances to Pakistan.

The aforementioned, albeit non-exhaustive, list of the determinants of remittances does not suggest any role for the charisma of a leader or the popularity of a political outfit. To conclude as such would be a mistake.

A reliable source of foreign exchange

When faced with macroeconomic challenges, such as trade deficits and balance of payment crises, struggling economies are often desperate for foreign exchange. In such situations, remittances, when processed through formal channels, can be a reliable source of foreign exchange that could provide some degree of macroeconomic stability.

Former governor of the State Bank of Pakistan Tariq Bajwa was acutely aware of the macroeconomic role of the millions of transactions conducted by expatriates bringing small funds to family and friends back home. Earlier this year, he had warned that “it would be hard to manage the country's economy if foreign remittances were to fall below the $20 billion mark” per fiscal year.

In Pakistan’s case, remittances account for six per cent of the GDP. Exports, in comparison, accounted for 8.5 per cent in 2018.

Explore: Pakistan's debt policy has brought us to the brink. Another five years of the same is unsustainable

Ten years ago, the government had launched the Pakistan Remittance Initiative (PRI) to encourage the flow of remittances through official channels. Discouraging sending money through unofficial means in its campaigns and messaging, the government has been trying to get more and more expatriate workers on board so they use state-sanctioned avenues to process remittances. Now, the PRI offers several incentives to users, including a Mobile Wallet that promises fast transactions and a 2-minute mobile balance for every US dollar remitted.

However, the idea that a novelty factor or 'charm' is at play when it comes to remittances does not seem very valid and merits an evaluation in the light of data that suggests otherwise. Finding ways to improve the speed and flexibility of direct transactions at lower rates may attract more traceable remittances. Whereas, the government’s drive to increase tax revenue by tracking financial transactions may counteract its efforts to increase remittances through formal means.


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