Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC) on Tuesday confirmed the attendance of more than 40 global CEOs and over 700 attendees at the ADNOC Downstream Investment Forum, underlining both the local, and far-reaching global, interest in the event. The forum will commence on May 13, in Abu Dhabi. During the event, ADNOC will outline its ...
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Dubai / Emirates Business The Dubai Chamber of Commerce and Industry announced plans for state-run trade and investment promotion agency Enterprise Estonia to open a representative office at its premises in Dubai before the end of this year. The announcement was made during a business roundtable in Tallinn, Estonia, which was hosted by the Chamber in cooperation with Enterprise Estonia ...
Read More »Dubai / Emirates Business Emirates, the largest international airline in the world, on Tuesday announced it will start a daily service between Scotland’s capital city, Edinburgh, and Dubai, from 1 October 2018. Edinburgh will become Emirates’ second destination in Scotland after Glasgow and its 8th in the United Kingdom after the airline starts its daily service to London Stansted in ...
Read More »Ras Al Khaimah / Emirates Business In a move to further strengthen ties with the Nordic region, the Ras Al Khaimah Tourism Development Authority (RAKTDA) on Tuesday announced the opening of their first international representation office in the Nordics, as the Emirate seeks to drive further growth in the number of visitors travelling to Ras Al Khaimah. RAKTDA already has ...
Read More »DUBAI / Emirates Business Mashreq Bank, the UAE’s leading financial institution, on Tuesday announced that it will enter the non-bank financial institution (NBFI) space in India through an engagement with IL&FS Financial Services Ltd to offer external commercial borrowings (ECB) in Indian Rupees (INR). Through the IL&FS Group, Mashreq will serve the Indian market across various verticals including financial services, ...
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DUBAI / WAM Dubai Holding has announced that it will invest up to AED1 billion over the next five years to launch a next-generation digital bank for the UAE, with plans to expand services across the Middle East and North Africa region. The announcement is in line with the UAE’s goal of becoming a cashless digital economy, guided by the ...
Read More »Dubai / Emirates Business Siemens Postal, Parcel and Airport Logistics (SPPAL) opened a new MindSphere Application Center (MAC) in Dubai to further expand its digital portfolio. The MAC is used to develop future-oriented analytics and IoT solutions for airports, airlines, cargo service providers and ground handlers. The MAC in Dubai is part of the global network of a total of ...
Read More »ABU DHABI / WAM Abu Dhabi’s total trade with Saudi Arabia amounted to AED1.4 billion during January, an increase of 3.7 percent over the same month 2017. According to Statistics Centre — Abu Dhabi figures, the Kingdom of Saudi Arabia comes on top of Arab and Gulf countries with the largest trade volume with the Emirate of Abu Dhabi, accounting ...
Read More »DUBAI / WAM Dubai Investments has announced strong Q1 financial results, announcing that net profit increased by 25% to AED362 million as compared to AED289 million for Q1 2017. Khalid bin Kalban, Managing Director and CEO of Dubai Investments, said, “Dubai Investments is pleased to announce strong Q1 results which has been driven by the strategic acquisition of additional 50% ...
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Abu Dhabi / WAM Abu Dhabi Ports signed a 30 year concession agreement with Mediterranean Shipping Company (MSC), a Swiss-based leader in global transportation and logistics, to establish a new container terminal in the UAE located at Khalifa Port. The new terminal will benefit from Khalifa Port’s advantages as one of the region’s most technologically-advanced ports and one of the ...
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