News

Dubai / Emirates Business Mashreq Bank, the UAE’s leading financial institution, on Tuesday announced that it will enter the non-bank financial institution (NBFI) space in India through an engagement with IL&FS Financial Services Ltd to offer external commercial borrowings (ECB) in Indian Rupees. Through the IL&FS Group, Mashreq will serve the Indian market across various verticals including financial services, power, ...

DUBAI / Emirates Business The Middle East and Africa’s largest international trade fair for beauty products, hair, fragrances, and wellbeing opened on Tuesday, with a new record in exhibitor numbers and exhibition space covered in its 23rd edition. Beautyworld Middle East is a magnet for retailers, distributors, and beauty professionals looking for the latest inspirations in beauty and wellbeing. The ...

Abu Dhabi / WAM The UAE and Belarus have signed multiple cooperation agreements in media, disaster management, facilitation of customs procedures, and health sector on the eve of 4th joint Emirati-Belarusian committee ministerial meeting in Abu Dhabi on Tuesday. Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, led the UAE side, and Belarus was represented by its ...

Abu Dhabi / WAM Ibrahim Mahmoud Al Mahmoud, First Vice Chairman of the Board of Directors of Abu Dhabi Chamber of Commerce, and Mohammed Dansanta Rimi, Ambassador of Nigeria to the UAE, have discussed ways of promoting mutual cooperation between companies and institutions from Abu Dhabi and Nigeria. During the meeting, Al Mahmood said that the chamber aims to promote ...

Dubai / Emirates Business Noor Bank, one of the leading Shari’a compliant banks in the UAE, on Tuesday announced the launch of Noor Home, establishing an independent identity for its successful home finance business. Leveraging the robust track record of catering to the bank’s home finance customers, the newly named Noor Home will cater to both potential home buyers and ...

Dubai / WAM The Roads and Transport Authority (RTA), in Dubai has closed 40 private parking yards following an inspection campaign, where offending parking operators were found to breach the prescribed stipulations in place or have failed to obtain the applicable licensing permits. Maitha bin Adai, CEO of RTA’s Traffic and Roads Agency, said, “This inspection campaign was launched to ...

Dubai / WAM Major General Mohammed Ahmed Al Marri, Director General, General Directorate of Residency and Foreigners Affairs – Dubai (GDRFA-D), said that by 2030, the smart gates at Dubai airports will replace passport officials’ platforms with a view to reducing the human involvement factor in application of Dubai’s 10X initiative. The 10X initiative was first launched in February 2017, ...

ALEXANDRIA / WAM Air Arabia Egypt commenced direct flights between Egypt and Italy on Tuesday; serving Milan twice a week from its hub in Alexandria, Egypt. The inaugural flight E5103 landed in Milan Bergamo International Airport on May 4 at 19:45 local time and was received by an Air Arabia delegation including the Group Chief Executive Officer, Adel Al Ali, ...

Dubai / WAM Mona Ghanem Al Marri, Director-General of the Government of Dubai Media Office and Vice President of the UAE Gender Balance Council, on Tuesday addressed the inaugural high-level speaker series of the MENA Chapter of the ‘Global Women in PR’ held in support of female empowerment within the Public Relations, Media and Communications Industry. The private event, hosted ...

DUBAI / WAM The United Arab Emirates (UAE) retains its position as the top country Arab youth would like to live in and want their own countries to emulate for the seventh consecutive year, according to the ASDA’A Burson-Marsteller Arab Youth Survey 2018, released on Tuesday. The 10th annual survey also reveals that young Emiratis are extremely optimistic about their ...