Local News

  Dubai / Emirates Business Arab Bank Group continued its strong financial performance during the first quarter of 2016, reporting net profit after taxes and provisions of USD 218.3 million, compared to USD 217.2 million for the same period last year. Shareholders equity, meanwhile, rose to USD 8 billion. The Bank’s balance sheet remains strong with loans and advances growing ...

  Dubai / Emirates Business The American Express Platinum Credit Card was voted UAE’s most popular credit card product at the Souqalmal People’s Choice Awards. The award is based on an in-depth consumer survey evaluating various aspects of the overall Cardmembership experience with parameters that include customer service, product features and financial education. Souqalmal is the UAE’s leading comparison website. ...

  Dubai / Emirates Business EXUS on Sunday announced that its Financial Suite software was profiled in a recent CEB TowerGroup analyst report, “Loan Collections Systems Technology Analysis,” as being a “best-in-class” solution, for core collections, enterprise technology and customer management. The report, published in March, is the first ever global technology analysis of loan collections systems by an industry ...

  RITIKA SHARMA / Emirates Business Social media has penetrated into our daily life in a big way. Especially in the UAE, aided by high rates of smart phone access, social media has become an inseparable part of our personalities. Giving social media the much deserved attention, hospitality industry in UAE is exploring the innovative side of this technology to enhance ...

  Dubai / Emirates Business Wall Street Exchange, UAE’s leading comprehensive money exchange service provider and a member of Emirates Post Group, has reported a 10 percent growth in its remittance business for 2015, driven by its excellent customer service and best currency rates. The Chief Marketing and Support Services Officer of Wall Street Exchange, Sultan Al Mahmoud, said, “We ...

  Dubai / Emirates Business Affirming Dubai’s success in consolidating its position as the centre for professional associations in the region, the Dubai Association Centre (DAC) has announced 44 percent rise in its membership in the first quarter of 2016 which takes the Centre’s total membership to 23 from last year’s 16. The recent joining of seven new associations reflects ...

  Emirates Business UAE’s 39 delegates will attend the World Summit on the Information Society (WSIS) Forum taking place from May 2-6 in Geneva, Switzerland. WSIS Forum 2016 is the latest edition of the leading global forum for ICT-driven development. It is co-organised by the International Telecommunication Union (ITU), the UN Educational, Scientific and Cultural Organization (UNESCO), the UN Development ...

  Abu Dhabi / Emirates Business Tadweer (the Center of Waste Management — Abu Dhabi), spared no effort to provide support and assistance for all the events and occasions that aim to educate communities on the importance of preserving the environment. These events provide a platform to connect with the communities to encourage them to exercise and adopt a proper ...

  ABU DHABI / WAM Juma Mohammed Al Kait, Assistant Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, is heading the UAE trade and investment delegation during his visit to Spain from May 3-4, to attend the UAE-Catalonia Forum, organised by the ministry in cooperation with the UAE’s Consulate General in Barcelona city. While in Spain, the delegation ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) launched phase two of the SAP Governance, Risk, and Compliance system. This includes Asset Control, Process Control, and Risk Management. This phase focuses on managing access-related risks, roles, and business process controls. The second phase started during Q1 of 2016, with the deployment of Access Control and Process Control. Access ...