ReleaseWire Connect

MEC top executives in the UAE to showcase patented combustion engine technology; looks to create partnerships with UAE-based companies and investors

55 companies submit proposals for renewable energy projects; Jordan looks to secure strategic energy supply with international investors

SanDisk gears up for this year’s GITEX Shopper 2011, showcasing its innovation in flash memory and storage system technologies. In its sixth year of participation with its dedicated booth and retail partners in the region, consumer and photography enthusiasts can look forward to a new and transformational digital experience and exciting promotions.

The biggest banking organization in the Middle East, Emirates NBD signed an agreement to sponsor the UAE’s leading amateur under-16 football team, UAE Precor.

UAE Precor, the star under -16 team recently placed in the top 16 in the Dana Cup, one of the world’s largest youth soccer tour-naments. The Cup features 850 teams from 45 countries and takes place every year in Hjorring, Denmark, from July 25th to 30th, 2011.

SanDisk, the global leader in flash memory cards, has reported double- and triple-digit market growth in the Middle East and Africa (MEA) so far this year, driven by the region's high mobile phone penetration rates and a growing appetite for flash-based storage devices

SonicWALL, Inc., the leading provider of intelligent network security and data protection solutions, announced availability of the SonicWALL® SSL VPN 5.5 firmware for the Secure Remote Access (SRA) Series.The release significantly enhances SonicWALL’s market-leading SSL VPN technology with the introduction of spike licensing, which enables network administrators to quickly and automatically increase the concurrent user capacity of their remote access solution during disaster situations. With the release, SonicWALL also offers new features that continue to innovate Web Application Firewall (WAF) technology to help companies meet PCI compliance requirementsand deploy outbound Data Loss Prevention (DLP) withadvanced web application security.With the new offering, SonicWALL’s SMB customers continue to receive strong ROI results without compromising on security and ease of use.

BizXchange (BizX), the Dubai-based arm of a Seattle-based reciprocal trade company, conducted over 700 exchanges with a combined value of more than AED 15 million, a year-on-year increase of more than 10%. BizXchange’s network grew 25 percent in the first six months of the year, with the printing, media and hotel industries showing the most growth.

The Islamic finance industry is pegged to grow at 15-20 percent per year. 63 percent of Islamic finance institutions are in the Middle East, controlling more than 50 percent of Islamic banking assets. These statistics were discussed at the recently concluded first ever Oman Islamic Banking Conference.

UAE Precor, the star under-16 football team landed in Gothenburg, Sweden, to prove their mettle in the World Cup for youth football, the Gothia Cup.