Local News

  Abu Dhabi / Emirates Business Abu Dhabi Commercial Bank (ADCB) has received two of the financial services industries most prestigious awards — the Asian Banker Leadership Achievement Awards. Group CEO and Executive Director, Ala’a Eraiqat, was honoured with the Asian Banker CEO Leadership Achievement Award for the UAE, while ADCB was also recognised as The Best Managed Bank in ...

  Emirates Business Chestertons MENA, a leading international property agency, is expanding its UK property investment reach beyond the traditional London M25 boundary, with the launch of a number of new prime developments in the key gateway cities of Manchester and Birmingham due to strong economic growth, large student populations and major government transport infrastructure investment. “Manchester is a city ...

  RITIKA SHARMA / Emirates Business Gone are days when holidays meant just an escape from the world without any communication back home or office. With technology taking strides in almost everything around us, travel is no more an ‘out-of-sight out-of-mind’ case. From seeking a one-time experience during holidays to the era of instant feedbacks and reviews, things have changed ...

  ALKESH SHARMA / Emirates Business Nearly 23 percent of the UAE enterprises believe that their organisations have been a victim to an internal cyber security breach, while 32 percent feel that their companies have fallen victim to an external attack, affirms a recent survey by a leading IT firm in this region. However, these startling findings of the survey ...

  Dubai / Emirates Business World Bank Group remittance data sees Egypt and Jordan emerge as key receivers of remittances within the MENA region. In 2015, Egypt received an estimated USD 19.7 billion in remittances from the world, of which USD 1.83 billion came from the UAE. Meanwhile, Jordan received USD 3.8 billion from countries across the globe, with the ...

  Abu Dhabi / Emirates Business The e-Dirham system, created by the UAE Ministry of Finance (MoF), will be showcased at the two-day event Cards and Payments Middle East from May 31 to June 1, at the Dubai International Convention & Exhibition Centre. With the participation at the premier smart payment exhibition, the Ministry will be highlighting the latest services ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Mohamed Ould Abdel Aziz of Mauritania, on Sunday discussed fraternal relations as well as regional and international issues of common concern. The talks took place after HH Sheikh Mohamed received the ...

  DUBAI / WAM Noor Bank successfully priced its debut perpetual US$ 500 million Tier 1 capital issuance. In the midst of multiple regional issuers on the road looking to raise capital market funding, Noor Bank was able to print its inaugural AT1 Sukuk at a very competitive pricing on the back of strong investor demand. This was the first ...

  Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Airports’ Procurement department has been named the Middle East’s “Procurement Team of the Year” by the Chartered Institute of Procurement and Supply (CIPS), at the Middle East Supply Management Awards 2016. The award is among the most prestigious recognitions the procurement and supply chain arm of an organization can receive. The CIPS ...

  DUBAI / WAM The Expo 2020 Dubai on Sunday announced Emirates Airline as its Official Airline Partner. The partnership agreement, which was signed by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, and Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation and Director-General of Bureau Expo Dubai 2020, links ...