DUBAI / Reuters Stanford Marine Group, majority owned by a fund managed by private equity firm Abraaj Group, is in talks with banks to restructure a $325 million Islamic loan, banking sources said. The Dubai-based oil and gas services firm has asked banks to consider extending the maturity of its debt and restructuring repayments, the sources said. A fund managed ...

Dubai / Emirates Business Emirates is offering special early bird fares for UAE travellers to destinations within its global network. Travellers who book in advance can enjoy special fares starting Monday until April 30 this year and applies to select travel periods. Economy Class passengers can enjoy fares to the Middle East starting from AED795, to Europe starting at AED2,135, ...

DUBAI / WAM Emirates Post Group (EPG), received the Best Performance Project Award from SABA talent management solutions for successfully implementing a fully integrated web-based performance appraisal system within a short period of time. Commenting on the win, EPGs Chief Support Services Officer, Sami Mohammed Al Khaja, said, “Moving from and replacing traditional paper-based performance reviews a performance appraisal software ...

Dubai / Emirates Business Mashreq Bank, the UAE’s leading financial institution, has announced the launch of Quick Remit – Instant Money Transfer service to India. The service is designed to be instantaneous, smart and convenient as it ensures instant account transfers at attractive exchange rates. India tops the international remittance charts with remittances of $66 billion in 2017. The UAE ...

Al Ain / Emirates Business Lulu Hypermarket Kuwaitat Al-Ain organized a tribute named as ‘I am for Zayed’ to express the devotion, dedication and gratitude to the Father of Nation, HH Sheikh Zayed bin Sultan Al Nahyan, which was held on April 12 at 07.00 PM. The event was organized as part of Lulu group’s initiatives in-connection with “Year of ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, issued Decree No. 8 of 2018 regarding the compensation for owners of taxi number plates used by Roads and Transport Authority (RTA). The Decree specifies the monthly compensations to be paid to owners or inheritors of taxi number ...

DHAHRAN / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has expressed his appreciation for the generous care and guidance provided by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, to ensure the success of the Joint Gulf Shield I military ...

Abu Dhabi / WAM The UAE Cabinet approved the formation of the Federal Youth Authority to promote the empowerment and involvement of young individuals in vital sectors. The Authority will embrace youth’s talents and encourage them to showcase their creativity and ideas. The move is in line with the UAE Government’s ongoing support and empowerment of the youth to lead ...

Dubai / Emirates Business Dubai Airport Freezone Authority (DAFZA) has hosted new roadshows in New Delhi and Bangalore in India under the overarching theme of ‘Gateway to Growth’. The events highlighted the attractive investment opportunities that DAFZA has created for international businesses, with the aim of increasing Foreign Direct Investment (FDI) from India to Dubai, in line with Dubai Plan ...

Dubai / WAM Emirates NBD has expanded operations in the Kingdom of Saudi Arabia, as the bank inaugurated its first branch in Jeddah and announced plans to soon open a branch in Khobar and another in Riyadh, making KSA Emirates NBD’s largest branch network outside the UAE and Egypt. NBD KSA offers full-fledged services across retail, private, business and wholesale ...