News

Dubai / WAM Emirates NBD has announced it is partnering with award winning fintech platform MoniMove to complement the bank’s E20. digital business bank initiative that aims to empower entrepreneurs, startups, SMEs and other businesses in the UAE. The partnership is aligned to Emirates NBD’s digital strategy as the bank continues to lead innovation in digital banking in the region ...

Dubai / WAM The Mohammed Bin Rashid Al Maktoum Humanitarian and Charity Establishment (MBRCH) announced on Tuesday a donation of AED20 million to the ‘100 Million Meals’ campaign to provide food parcels for disadvantaged individuals and families across 20 countries in the Middle East, Asia, and Africa during the Holy Month of Ramadan. His Highness Sheikh Mohammed bin Rashid Al ...

Dubai / WAM Dubai Chamber of Commerce and Industry revealed that it has achieved 100 percent smart transformation of its core services, marking a new milestone in the organisation’s digital transformation mission. By the end of 2020, 99.26 percent of the services and 659,000 transactions processed by the Chamber were digital, reflecting a rapid shift to digital adoption led by ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), announced that it has awarded contracts worth AED217 million in the first quarter of 2021 for various activities. The contracts were awarded majorly for the development of company’s district cooling infrastructure in Dubai, including the expansion of pipeline network, setting up semi-permanent plant rooms, establishing Thermal Energy Storage systems, Energy Transfer ...

DUBAI / WAM Dubai Holding has announced its strategic partnership with the United Nations World Food Programme (UNWFP), aimed at supporting child nutrition in countries across the region including Jordan, Lebanon, Syria and Yemen. Under this year-long strategic partnership, Dubai Holding will kick off the first joint campaign ‘A Meal for a Brighter Tomorrow’ this Ramadan up until Eid Al ...

Bloomberg Oil gained, topping $60 a barrel, as investors continued to assess the recovery in consumption globally. Futures in New York rose as the dollar fell, making commodities priced in the US currency more attractive. Federal Reserve Chair Jerome Powell said that the US economy was poised for stronger growth, but he cautioned that the pandemic remains a threat. That’s ...

ABU DHABI / WAM Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader, has closed a $55 million debt financing deal with the Commercial Bank of Dubai (CBD), one of the UAE’s leading financial institutions. The first-ever collaboration between Sanad Capital and the Commercial Bank of Dubai will fund the purchase ...

ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan, has sent congratulatory messages to the Kings, Emirs and Presidents of Arab and Islamic nations, on the advent of the Holy Month of Ramadan. HH Sheikh Khalifa wished the leaders and their people continued good health and well-being, and further progress and prosperity for Arab and Islamic nations. ...

Bloomberg Walmart Inc’s e-commerce unit, Flipkart Online Services Pvt, signed a pact with tycoon Gautam Adani’s conglomerate to build one of the largest retail warehouses in India as the US giant gears up to battle Amazon.com Inc and homegrown rivals in the South Asian nation. The partnership marks the entry of Adani, India’s fastest-rising billionaire, into the three-way fight for ...

ABU DHABI / WAM Husin Bagis, Indonesian Ambassador to the UAE, stated that the UAE has achieved outstanding development over the past five decades and has become one of the most advanced countries in the world, due to its distinguished strategic vision based on foreseeing the future. In an interview with the Emirates News Agency (WAM), Bagis noted that the ...