Abu Dhabi / Emirates Business Miral’s subsidiary, Farah Experiences, held at Ferrari World Abu Dhabi, the second open day of its Ambassador Program, a training program focused on encouraging Emirati talent to grow in the travel and tourism sector. The open day welcomed 550 Emirati candidates seeking to join the Ambassador Program to gain knowledge and experience in this high ...
Read More »Local News
Halal industry vital to Islamic economy
ABU DHABI / WAM The 9th International Economic Summit in Kazan between Russia and the Organisation of Islamic Cooperation (OIC), member countries started on Thursday in Kazan, the capital of Tatarstan, and will conclude on May 20. The UAE’s participation in this event is represented by a senior delegation, chaired by Dr Rashid bin Ahmed bin Fahad, Minister of State. ...
Read More »25.6 billion shares of 18 national banks listed at UAE financial markets
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 »ADGM first in MENA to join R3 blockchain consortium
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 »UAE Exchange Group targets up to $300mn in acquisitions
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 »Etihad wins ‘best large call centre’ award
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 »UAE Exchange brings financial services to customers’ doorsteps
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 »Regulus Capital CEO bags ‘Best Strategic Vision’ award
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 »DCCI honours top 3 winners of Dubai Smartpreneur Competition
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 »ADSIC sees no threat to govt entities from ‘WannaCry’ malware
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 »