Local News

DUBAI / WAM Emirates NBD, a leading bank in the region, announced the launch of ‘Advance Account’, which will enable employees of the bank’s payroll customers who are new to the UAE to receive their account number on the first day of employment. Commenting on the initiative, Suvo Sarkar, Senior EVP & Group Head – Retail Banking and Wealth Management ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, stated that sustainability is a lifestyle, work and investment, and she described it as everyone’s responsibility as individuals and families, as well as governments, quasi-governments and private organisations, ...

ABU DHABI / WAM Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) will take part in the 1st edition of the ‘Belt and Road bookfair’ for copyright trade in Shandong, China, from August 19-21, 2017. TCA Abu Dhabi will be represented by the ‘Kalima’ translation project as a continuation of discussion carried out with the Chinese counterpart during the ...

Abu Dhabi / Emirates Business Delegates at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will have more opportunities than ever to hear some of the oil and gas industry’s most powerful executives speak in open-invite conference sessions, after organisers confirmed they will increase the number of Global Business Leader panels for 2017. Held under the patronage of ...

Dubai / WAM From custom caps and cufflinks to tailor-made towels and teapots, Expo 2020 Dubai is looking for manufacturers in the Gulf for two important merchandising categories apparel and homeware. The Expo team seeks producers, from international brands to artisan producers, of goods, which will be offered to millions of visitors from around the world as official Expo 2020 ...

Dubai / Emirates Business Cash is still the reigning king, but that is likely to change rapidly given the UAE’s thrust towards cultivating smart economies, says Xpress Money’s Associate Vice President – Strategy, Digital & BIA, Arundhoti Banerjee. Xpress Money – one of the world’s most dependable money transfer brands – believes that cashless transactions will become far more common ...

Bloomberg Airbnb Inc. is ramping up its investment in China, quadrupling its engineering team over the next 12 months to focus on affluent millennials who’re increasingly exploring the world’s second largest economy. Airbnb will grow its technical cohort to more than 100 in Beijing—the only office outside the US where the home-sharing giant employs an engineering division, according to co-founder ...

Dubai / WAM Emaar Properties PJSC recorded a 15 percent growth in net profit to reach AED2.837 billion ($772 million) during the first six months of 2017 (H1), compared to AED2.475 billion ($674 million) during the same period last year. The H1 2017 revenue reached AED7.866 billion ($2.142 billion) an increase of 8 percent over H1 2016 revenue of AED7.257 ...

ABU DHABI / WAM The Emirate of Abu Dhabi’s trade in iron and steel, aluminum, and copper hit AED6.8 billion during the first third of 2017, a growth of 15.6 percent over the corresponding period last year, according to the Statistics Centre- Abu Dhabi. The three minerals account for 11.6 percent of the total non-oil trade across the emirate’s points ...

Dubai / Emirates Business DAMAC Properties Dubai Co. PJSC, a leading property developer in the Middle East, announced its first-half 2017 financial results, reporting total revenue of AED3.5 billion and net profit of AED1.6 billion. As of 30 June 2017, DAMAC’s booked sales for H1 stood at AED 4 billion, and delivered 1,071 units in DAMAC Hills, Dubai. Total cash ...