Ajman Bank has been awarded the Quality Assurance Certification for Internal Audit Function by KPMG. This new milestone comes following a rigorous external and independent evaluation of Internal Audit in accordance with the requirements of international standards. These professional practices of internal auditing and code of ethics issued by IIA, USA and mandated by Central Bank of UAE, state that an internal audit activity must obtain an external assessment at least every five years by an independent reviewer.

‘Full conformance to all international Standards’ was given to Internal Audit Department of Ajman bank by KPMG based on the assessment which was concluded in October 2022.

Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, said, “We are extremely proud of this achievement which has been awarded to us based on the effectiveness, reliability and adequacy of our policies, procedures and processes. Empowering Internal Audit is one of the top priorities of Executive Management as per the directives of the Board. A strong and independent Internal Audit Function at Ajman Bank has enhanced the control environment and governance processes across the bank to mitigate the key risks which contributed to improvement in confidence of all stakeholders.”

Mr. Amiri further stated that Internal Audit Function’s role has recently changed as a strategic partner and trusted advisor in the organization to participate in improving the operations while adding value.

Mr. Majdi Darwish, Chief Internal Auditor, Ajman Bank, said, “Conformance to all international standards was a big challenge for us. We received this award in line with our vision and strategic plan to be accredited as trusted function in accordance with the directives of the Board Audit Committee and Management support.

Swiss-Belhotel International has announced its return to Brisbane in Australia with the signing of the Swiss-Belhotel Brisbane.  Scheduled to open its doors to guests by April 2023, the hotel is centrally located in Woolloongabba, directly across from the iconic Gabba Stadium, which hosts all major sporting events and is being redeveloped to serve as the centrepiece of 2032 Olympic Games. The Cross River Rail Station, which is due for completion in 2024, is located just opposite the property.

Mr. Gavin M. Faull, Chairman and President of Swiss-Belhotel International, said, “We are delighted to partner with ENZCORP PTY LTD  and very excited to return to Brisbane with the new generation of Swiss-Belhotel Brisbane which is one of our premium brands. The distinctive concept and quality of the product makes it a fantastic addition to not only our portfolio but to the city of Brisbane. We look forward to welcoming guests with a truly unique hospitality experience in this sought-after destination once the hotel comes to life.”

Elaborating on Swiss-Belhotel International’s continued expansion in the region, Mr. Faull stated, “Oceania is one of our key growth markets and we are making great progress in the region with several properties under negotiation. This new signing is closely aligned with our vision of strengthening our presence in the ‘land of plenty’ as well as bolstering our global portfolio”

Mr. Patrick Laybutt, Vice President – Operations & Development, Australia and New Zealand, stressed, “We are proud of returning to this spectacular destination; Swiss-Belhotel Brisbane is being developed as a best-in-class product with 103 luxuriously designed rooms, 7 suites and two penthouses over 11 stories. Catering to the diverse needs of both business and leisure guests the hotel is being equipped with all modern facilities to offer a work-life balance including a superb rooftop bar and dining area, multi-functional conference space, energizing gymnasium and sauna, and a relaxing rooftop swimming pool.”

With FinTech companies revolutionizing the delivery of financial services and accelerating their onboarding processes to just a few minutes, the pressure is now on for traditional banks and the rest of the financial services sector to meet client expectations where onboarding is concerned.

Cedar Rose will host a special webinar on Thursday 24 November at 11:00 GMT focusing on how companies in the financial services sector can uncover fraud, remain compliant and provide a seamless onboarding experience using reliable data in the GCC region.

The webinar will be moderated by Steve Savva, Managing Director at Credit Management Training Ltd., and will feature esteemed speakers including Frederic Paquay, Head of Growth at Cedar Rose, Anselm Obi, Director of Underwriting at Checkout.com, Pradeep Pant, Chief Financial Officer at Go Beyond Digital and ex First Abu Dhabi Bank, Fraud Risk Professional, Charanjeet Singh Bhatia.

Elaborating on the challenges, Cedar Rose CEO, Antoun Massaad said, “Access to verified and reliable business information is the catalyst for a fully compliant and digital onboarding process, however the lack of access to verified data is a common challenge to many financial services institutions in the GCC region. Now more than ever, access to reliable data is a necessity for these organizations to accelerate their onboarding processes and reduce their risks of financial fraud. Comprehensive, timely, and trusted credit and compliance information on business associates, vendors, and individuals can help organizations make informed and reliable decisions fast.”

During the webinar the panel of experts will discuss and provide key guidelines and best practices related to the following areas:

§  Why accessing verified data independently is critical,

§  Why it’s a challenge for financial service organizations to access verified data in the GCC,

§  What the consequences of relying on inaccurate, incomplete, or false data are,

§  Where can reliable business data be sourced from, and

§  What are some alternatives to overcome the challenge of accessing verified business data in the GCC region?

Webinar Topic: How companies in the financial services sector can uncover fraud, remain compliant, and provide a seamless onboarding experience using reliable data in the GCC region.

Date & Time: Thursday, 24 November 2022 at 11:00 GMT

Registration for the webinar is free of cost.

Register Now: https://bit.ly/3AlUxM1

Find out more here or call +971 4 374 5758.

The Residence Inn by Marriott Sheikh Zayed Road, Dubai, participated in the World Travel Market London (WTM) recently to showcase and promote its facilities and services to the international travel trade.

Speaking at the WTM, Khaled Saab, General Manager for Residence Inn by Marriott Sheikh Zayed Road, said, “The World Travel Market is a leading global event for the travel and hospitality industry. It is one of the most important trade shows for us as the Western European countries led by the UK and Germany rank among leading markets into our destination. The Residence Inn by Marriott is a well-known brand among the world’s top tour operators and, therefore, the WTM offers us the perfect platform to connect and conduct business with them.”

Commenting on the significance of UK as a major feeder market for Dubai in terms of tourism, Khaled stressed, “There has been a major focus from our destination and its stakeholders on UK and we believe it will remain one of the top source markets for Dubai. The message that we are conveying at WTM this year is that at the Residence Inn by Marriott Sheikh Zayed Road, Dubai, we are proud to welcome guests to experience the world’s largest and tallest Residence Inn by Marriott and enjoy exceptional comfort and freedom that the brand is renowned for around the world in the heart of Dubai. Our gym and the spa are the largest in size too when compared to other hotels in our area.  In addition, being part of the Marriott Bonvoy Rewards Program, we offer our guests a world of exclusive member benefits and extraordinary experiences including complimentary Wi-Fi, member-only rates, and points that take them places.”

Featuring 430 modern residential rooms and suites, many of which boast impressive views of the Sheikh Zayed Road and Jumeirah coastline, Residence Inn by Marriott Sheikh Zayed Road offers travellers a ‘home-away-from-home’ experience with personalised service and amenities. The spacious rooms and one and two-bedroom suites, all have fully equipped kitchens, peaceful sleeping areas, and distinct living and working spaces. Each well-appointed suite is thoughtfully designed to provide a sense of openness to live without constraints.

Giving guests and residents the chance to create meaningful connections over memorable dining experiences, the Residence Inn by Marriott Sheikh Zayed Road, boasts diverse culinary options with multiple onsite restaurants. Guests can dine in, eat out, grab and go, or cook in their suite. The possibilities are endless so no matter what mood you are in, you can always find just what you are craving. Wake up to a rich complimentary international breakfast featuring fresh, hot, and healthy favourites at the Panorama Restaurant located on 43 level or enjoy an extensive a la carte menu for lunch and dinner.

Cabana N Grill, situated on level 47, features relaxing pool side cabanas offering an international menu and a range of shisha flavours, mocktails, sparkling beverages, fresh juices, and soft drinks. Under development is a show kitchen where guests will be able to order food and pay based on the weight of the item.

Recently the hotel opened its new restaurant Sicily Café E Bistro. Located on the ground floor, the vibrant restaurant serves a wide array of refreshing and delicious international culinary delights and bites in a relaxed yet trendy ambiance.

Ensuring guests thrive during their stay, Residence Inn by Marriott Sheikh Zayed Road, offers a variety of amenities and conveniences including complimentary grocery delivery service, free Wi-Fi, laundry facilities, a well-equipped gym open 24 hours a day, sauna, and steam room, rooftop swimming pool and jacuzzi with expansive views of Dubai’s famous skyline, spa, tennis court, beauty and hair salons for ladies and gents, and multiple meeting rooms with flexible conference and event spaces.

About Residence Inn by Marriott Sheikh Zayed Road, Dubai

Residence Inn by Marriott Sheikh Zayed Road, Dubai, member of Marriott Bonvoy, enjoys a prime location on Sheikh Zayed Road near the city’s key business and leisure attraction such as the Dubai International Financial Centre, Museum of the Future, Burj Khalifa, Dubai Mall, Emirates Towers, and World Trade Centre. It is the world’s largest and tallest hotel to join the Residence Inn by Marriott brand.

Featuring 430 modern residential rooms and suites, many of which boast impressive views of the Sheikh Zayed Road and Jumeirah coastline, Residence Inn by Marriott Sheikh Zayed Road offers travellers a ‘home-away-from-home’ experience with personalised service and amenities. The spacious rooms and one and two-bedroom suites, all have fully equipped kitchens, including refrigerator, microwave, hob, cookware, washing machine and dryer.

Giving guests and residents the chance to create meaningful connections over memorable dining experiences, the Residence Inn by Marriott Sheikh Zayed Road, boasts diverse culinary options with multiple onsite restaurants. Guests can dine in, eat out, grab and go, or cook in their suite. The possibilities are endless so no matter what mood you are in, you can always find just what you are craving.

Ensuring guests thrive during their stay, Residence Inn by Marriott Sheikh Zayed Road, offers an array of amenities and conveniences including complimentary grocery delivery service, free Wi-Fi, laundry facilities, a well-equipped gym open 24 hours a day, sauna, and steam room, rooftop swimming pool and jacuzzi with expansive views of Dubai’s famous skyline, spa, tennis court, beauty and hair salons for ladies and gents, and multiple meeting rooms with flexible conference and event spaces. Both the gym and the spa are the largest in size when compared to other hotels in the area. 

For more information, please visit marriott.com/DXBSZ