Local News

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, assigned the UAE Gender Balance Council to support the implementation of the ‘Gender Inequality Index’, which is issued annually by the United Nations Development Programme (UNDP). Mona Ghanem Al Marri, Vice President of the UAE Gender ...

  Dubai / Emirates Business GITEX Technology Week will launch and host GITEX Startup Movement, one of the most global startup gatherings in the world with over 30 countries represented, as it brings together entrepreneurs, innovators, investors, mentors and buyers for the first time in Dubai. The GITEX Startup Movement will convene over 400 startups and more than 1,000 entrepreneurs, ...

  WAM and Emirates Business Abu Dhabi Ports has roped in Germany’s largest E&P company, Wintershall to further strengthen its position in exploration and production segment of crude oil and natural gas. “This partnership with Wintershall offers a new opportunity for Abu Dhabi Ports to serve the exploration and production sector in the Emirate, which is vital to the economy of ...

  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 ...