News

DUBAI / WAM The percentage of jobs requiring artificial intelligence (AI) skills have witnessed a nearly five-fold increase globally since 2013, and as the role of Human Resources keeps evolving in the digital age and technologies like AI and machine learning gain more prominence, organisa-tions in the Middle East will find more of their jobs and services being transformed by ...

ABU DHABI / WAM Abu Dhabi Commercial Bank (ADCB) announced it has become the first local bank to establish its presence in Abu Dhabi Global Market (ADGM), by opening its flagship private banking centre within the new asset management subsidiary. ADCB is the first local bank to obtain the ADGM Financial Services licence required to conduct regulated activities from the ...

DUBAI / WAM Dubai Courts is all set to revolutionise its operations with ‘C3 Court’, the world’s first judicial system in which all three courts – first instance, appeal and supreme court – hear each other concurrently rather than consecutively. The unique new initiative reduces the total time frame for the three proceedings for each case from 305 days to ...

Dubai / WAM More than 100 financial experts and industry stalwarts are already present in Dubai to attend the Future Blockchain Summit, with the emirate going a long way already to pronounce itself the Blockchain capital of the world, hosting the first ever summit on the groundbreaking technology. The two-day event, starting on Wednesday in the Dubai World Trade Centre ...

Abu Dhabi / WAM The UAE Banks Federation (UBF) announced that it continues its efforts to develop and raise financial awareness of consumers as it helps them not just to have access to financial services but also to take prudent and responsible decisions when it comes to their financial transactions. While a lack of financial knowledge may lead to financial ...

Dubai / Emirates Business Emirates, the world’s largest international airline, is celebrating its 25th anniversary to Dammam. Originally operating two flights a week, Emirates now flies four times daily between Dammam and Emirates’ hub in Dubai. Since the start of the Dammam service in 1993, the airline has carried more than 3.8 million passengers. Adil Al Ghaith, Senior Vice President, ...

ABU DHABI / WAM The UN High Commissioner for Refugees, Filippo Grandi thanked HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, for the reactivation of the ‘Fund for Refugee Women’ on Tuesday during a visit to the UAE. The Fund ...

Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, announced on Tuesday its financial results for the first quarter of 2018. The Company reported strong first quarter with net profit increased by 28.6% to AED 95.2 million. Commenting on the strong results, His Excellency Sheikh Mohamed ...

Bloomberg BP Plc capped a shaky Big Oil earnings season on a more upbeat note, as shareholders reacted positively to the highest profit in years even as the continuing burden of oil-spill payments pushed debt higher. The results show how investors in the London-based company are feeling the effects of two life-altering events. BP is still paying its way through ...

Bloomberg While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation. Angola, once Africa’s biggest crude producer, is suffering sharp declines at under-invested offshore fields, with output dropping almost three times as much as the nation pledged in an accord with fellow OPEC members. With the losses set to accelerate — a ...