News

  Abu Dhabi / WAM Abu Dhabi Securities Exchange and Al Maryah Community Bank (MBank), the UAE’s first digital bank, signed an agreement on Thursday to facilitate initial public offering (IPO) subscriptions and streamline the process for obtaining a National Investor Number (NIN). As part of the agreement, MBank customers will be able to digitally create a NIN and self-subscribe ...

  ROME / MILAN / LUGANO / WAM An Emirates News Agency (WAM) delegation visited several media establishments in Italy and Switzerland to promote cooperation in news exchange. The visit is part of WAM’s keenness to create partnerships with media outlets in Italy and Switzerland, develop a sustainable model of constructive cooperation and partnership in media and build a wide ...

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) has announced the opening of a new branch in Abu Dhabi Global Market (ADGM), after being granted a license by the ADGM Financial Services Regulatory Authority. Functioning as standalone entity under ADGM rules, the branch’s clientele base includes multinational, regional and local top-tier corporates, financial institutions, including non-banking financial institutions, ...

  Dubai / WAM Emirates has started a new ‘Home Check-in’ service that offers customers the option to check in from home. This service is provided free of charge to Emirates’ First Class customers based in Dubai and Sharjah, where the Check-in Agents will visit their homes or hotels at pre-booked timings to complete all check-in formalities, including document verification, ...

  Dubai / WAM Enoc Link, the digital mobile fuel supply service for businesses and consumers in the UAE by Enoc group, on Thursday revealed its expansion plans for the eLink stations. The eLink station is a mobile fuelling format that enables motorists and customers with easy access and convenient fuelling services. Enoc Link has ambitious plans of opening ten ...

  Bloomberg Global oil supply will struggle to meet rising demand next year, meaning consumers will continue to face tight fuel markets, the International Energy Agency (IEA) said in its first assessment of 2023. A resurgent Chinese economy will bolster consumption, while tighter sanctions on Russia will curtail oil output, the agency forecast in its latest monthly report. The Opec+ ...

  Abu Dhabi / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, visited one of the construction sites in Abu Dhabi to ensure the optimal implementation of the midday break – a ban on outdoor work between 12:30 and 15:00, which started on Wednesday and will continue until September 15. During his visit, Dr Al Awar stressed ...

  Abu Dhabi / WAM The UAE-Germany non-oil trade exchange exceeded AED478 billion during the period from 2012 through 2021, weighing more than 14 million tonnes, data from the Federal Competitiveness and Statistics Centre (FCSC) revealed. Imports accounted for 89.5% of the total trade exchanges, with exports comprising 3.5%, and re-exports 7%. The data showed that trade exchanges between the ...

  UMM AL QAIWAIN / WAM The Umm Al Qaiwain Industrial Authority is helping to strengthen the process of development of the emirate of Umm Al Qaiwain and is enhancing its local and international stature, by attracting capital and providing facilities at the 60,000 Square Kilometre Umm Al Thuoob Industrial Area. The authority has also highlighted its keenness to help ...

  ABU DHABI / WAM Designed to support businesses operating in the UAE’s vital healthcare sector, the National Health Insurance Company – Daman, and Emirates NBD, a leading banking group in the Middle East, North Africa and Turkey (Menat) region, have announced the launch of a new financing initiative titled “Early Payment Scheme”. Daman’s ‘Early Payment Scheme’ leverages Emirates NBD ...