Local News

DUBAI / Emirates Business Consumers in the UAE increasingly want to be able to resolve their basic banking issues without having to speak to a bank adviser by phone, according to a new survey from Avaya. The findings reveal that customers’ most preferred channel for accessing banking services is via a mobile app, contacting bank advisers only for more consultative ...

AJMAN / WAM During its meeting with a delegation from the Embassy of Uzbekistan in the UAE, the Ajman Chamber of Commerce and Industry (ACCI) discussed ways to streng-then and increase economic cooperation with the Republic of Uzbekistan. Abdullah Omar Al Marzouqi, Executive Director of Corporate Registration and Transaction Services at the Ajman Chamber, stressed the importance of the meeting ...

DUBAI / Emirates Business Consumers in the United Arab Emirates (UAE) are more ready to adopt artificial intelligence (AI)-powered devices and services than consumers in many other countries, according to new findings from the annual research from Accenture (NYSE: ACN). Based on a poll of 26,000 consumers in 26 countries, the report—the 2017 Accenture Digital Consumer Survey—found that three-fourths (76 ...

Dubai / Emirates Business ENOC Group has secured a three-year unsecured general corporate purposes Revolving Credit Facility (RCF) of $500 million from seven leading international and regional banks to support its growth over the next few years. His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, said: “Over the next five years, the Group will focus on expanding capacities ...

Dubai / WAM Dubai Customs has processed 4.5 million transactions in the first half of 2017, compared to 4.3 million transactions during the same period last year, posting a growth rate of 4.5 percent. Dubai’s stature as a global trade hub and its sophisticated customs and border services have led to the increase in the number of transactions handled by ...

DUBAI / WAM The national initiative for a green economy launched by Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum was the crux of a coordination meeting held by the ministries of Infrastructure Development and Climate Change and Environment . The national initiative for a green economy in the ...

DUBAI / WAM Emaar Entertainment, the leisure and entertainment subsidiary of Emaar Properties, has unve- iled a record-breaking organic light-emitting diode screen ab- ove Dubai Aquarium and Underwater Zoo. The screen has received three Guinness World Records titles, in partnership with LG, setting records for being the largest OLED screen, highest resolution video wall and largest high-definition video wall. Comprising ...

Dubai / WAM Officials at Dubai Economy have reviewed prospects of collaboration with representatives of the Sharjah International Commercial Arbitration Centre (Tahkeem). This came in a meeting between the two sides that occasioned a review of ways of enhancing exchange of knowledge and expertise and applying best international practices in areas of commercial rules and legislation and corporate governance. The ...

DUBAI / WAM The Arab-Brazilian trade exchange has significantly developed during the first half of 2017, with the daily growth rate of Brazilian exports to the Arab countries being on the rise during the monitored period, according to the Arab-Brazilian Chamber of Commerce. A report released by the Chamber has stated that the Brazilian exports bound to the Arab nations ...

Dubai / WAM More than AED204 billion of investments are generated by 201 plastics plants operating in Abu Dhabi, according to the Industry Development Bureau of the Abu Dhabi Department of Economic Development (ADDED). The revelation came during a workshop organised by the bureau as part of the ADDED’s ‘Industry Dialogue’ initiative, aimed at bolstering an investment-conducive environment at the ...