News

ABU DHABI / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Tuesday its first quarter 2020 financial results, recording an underlying Ebitda of AED629 million, a growth of 4.7 percent. In a statement, the company noted net profit was AED 400 million for the quarter and cash flow generation “remained strong” with free cash flow of ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) signed a ‘Depository Agent Custodian’ agreement with Bahrain Clear to offer custody services at Bahrain Bourse to regional and international investors. According to a press statement issued by FAB on Tuesday, the agreement is “in line with Bahrain Clear’s efforts to enhance post-trade services and expand outreach to regional and global ...

ABU DHABI / WAM His Highness Sheikh Khalid bin Zayed Al Nahyan, Chairman of the Board of Zayed Higher Organisation for People of Determination (ZHO) said that the UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, is an icon of humanitarian action in both regional and international spheres. In a statement marking Zayed Humanitarian Day, Sheikh Khalid ...

Emirates Business Coronavirus has caused a significant impact on the way consumers shop and make payments. With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money. According to data gathered by AksjeBloggen, the global digital payments market is expected to continue rising in the following years, ...

ABU DHABI / WAM The UAE has conducted over 32,000 additional Covid-19 tests over the past few days in line with the Ministry of Health and Prevention’s plans to intensify virus screening in order to contain the spread of Covid-19. The accelerated investigative measures resulted in the detection of 783 new coronavirus cases among various nationalities, all of whom are ...

Abu Dhabi / WAM The United Arab Emirates has welcomed the Yemen’s Donors Conference scheduled to be held on June 2 in Saudi Arabia. The event will be held virtually under the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman. In a statement, the Ministry of Foreign ...

SHARJAH / WAM Xposure International Photography Festival has announced opening registrations for the fifth edition of its annual ‘International Photography and Short Film Awards’ across a spectrum of genres and formats. Hosted by the Sharjah Government Media Bureau (SGMB) the 2020 edition of the Xposure international awards is now accepting entries online from photographers of all ages, backgrounds and experience ...

DUBAI / WAM Lt. General His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, on Tuesday said that the UAE excels in dealing with all crises and exceptional circumstances and has made positivity the basis of its developmental drive. “This achievement is attributed to the leadership of President His Highness Sheikh Khalifa bin Zayed ...

ABU DHABI / Emirates Business Etihad Airways, the national airline of the UAE, has amplified its corporate social responsibility (CSR) initiatives to support those affected by the novel coronavirus (Covid-19). The airline has highlighted the development of face shields for medical staff in a new video released on Tuesday to mark Zayed Humanitarian Day at: https://youtu.be/O1ZbHaQCjzw In an effort to ...

ABU DHABI / WAM Etihad Credit Insurance (ECI) and Abu Dhabi Exports Office (Adex) on Tuesday announced a strategic alliance to help UAE exporters overcome the most pressing challenges they face in the current economic climate. Adex and ECI will combine their highly complementary suite of financial and insurance products and services to bring to UAE businesses a full range ...