News

Bloomberg President Donald Trump said the US will withdraw from the landmark 2015 accord to curb Iran’s nuclear program and that he would reinstate financial sanctions on the Islamic Republic, casting the Mideast into a new period of uncertainty. “The fact is this was a horrible one-sided deal that should have never ever been made,” Trump said at the White ...

ABU DHABI / WAM The Abu Dhabi City Municipality (ADM) completed the e-link project with Abu Dhabi Judicial Department — as part of both government institutions efforts to leverage performance, improve customer services, facilitate procedures and enhance communication channels. Under the project, official transactions will be based on a centralised digital system for both parties, as of March 2018. It ...

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, ...