ABU DHABI / WAM The number of floating shares in the national banking sector available for trading reached 25.6 billion at the end of the first half of May, constituting 50 percent of the total capital of 18 national banks, amounting to 51.2 billion shares. The latest official statistics issued by the Abu Dhabi and Dubai financial markets show a …
Read More »ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has announced that it joined R3 as a new member of its international consortium. ADGM is the first regulatory body in the Middle East and North Africa region to be part of the R3 consortium, comprising over 80 members from the world’s leading financial institutions and regulators. As a member, the ADGM …
Read More »DUBAI / Reuters UAE Exchange Group, a global remittance and foreign exchange business, aims to spend between $250 million and $300 million on acquisitions to build its global market share, its chief executive said. The group aims to increase its share of the $575 billion global remittance industry to more than 10 percent by 2020, from 6.75 percent currently, Promoth …
Read More »
Abu Dhabi / Emirates Business Etihad Airways, the national carrier of the UAE, has tasted success at the INSIGHTS Middle East Call Centre Awards. The annual competition is now in its 12th year and sets the regional benchmark for remote customer interaction success. The airline collected two prestigious awards at the ceremony held at The Crowne Plaza Hotel in Dubai. …
Read More »
Dubai / Emirates Business UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, is bringing its financial services to the doorsteps of its customers. Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, is introducing the Mobile Exchange facility for the employees of its corporate clients to withdraw salaries literally from anywhere. This new …
Read More »
Dubai / Emirates Business Renowned entrepreneur and chief executive officer of Regulus Capital, Shailesh Dash, cemented his position as an investment guru and visionary after he bagged one of the most coveted awards at the just concluded 2017 Bankers Middle East awards. The Regulus Capital founder emerged the clear favorite and this year’s recipient of the ‘Best Strategic Vision’ award. …
Read More »
Dubai / WAM The Dubai Chamber of Commerce and Industry (DCCI) announced the top three winners of the 2nd cycle of the Dubai Smartpreneur Competition during the closing ceremony for the 5th ArabNet Digital Summit in Dubai. FriendyCar, a marketplace for borrowing and lending cars, claimed the first-place prize, while second place went to CorporateStack, a web-based solution for managing business …
Read More »Abu Dhabi / Emirates Business The Abu Dhabi Systems and Information Center (ADSIC), the government entity responsible for developing the ICT sector in the Emirate of Abu Dhabi, announced on Thursday that there have been no reports of ‘Ransomware’ cyberattacks across government entities in the Emirate of Abu Dhabi. This comes as hundreds of countries have been under attack by …
Read More »Dubai / WAM ‘Piracy Full Stop’ won the best international movie at the Children’s International Film Festival (CIFF 2017), which concluded at the Higher Technology College in Dubai Academic City. Yousef Ozair Mubarak, Director of the Intellectual Property Rights, IPR, Department at Dubai Customs, awarded the winners in the presence of Ahmed Mahboob Musabih, Director of Dubai Customs. Winchester School’s …
Read More »Dubai / Emirates Business As the UAE dirham completes its 44th year on May 19, the currency celebrates its unified form representing the seven emirates after undergoing several transformations. The 1973 born banknotes began their journey in denominations of 1, 5, 10, 50 and 100, displaying the watermark of an Arabian horse – which was later changed to falcon, the …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.