News

Fujairah / WAM The National Bank of Fujairah (NBF), has announced the bank’s maiden electronic banking service unit in the heart of Abu Dhabi’s Al Reef community. In line with the bank’s continuing expansion of its domestic customer network in the UAE, the new NBF service unit will provide residents with a full range of services using state-of-the-art technology, including ...

Dubai / WAM The Dubai Chamber of Commerce and Industry (DCCI) announced that it has achieved 100 percent smart transformation of core services provided to its members and the local business community. The announcement was made during GITEX Technology Week 2017, where the chamber is exhibiting and showcasing its wide range of smart services that are accessible through its website ...

Dubai / Emirates Business ENBD REIT (CEIC) Limited, the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management, announced its acquisition of The Edge office building in Dubai Internet City from developer SWEID & SWEID at a transaction value of AED 280 million. The premier 92,000-square foot office building, is home to global tech outfit Oracle, social media ...

Dubai / WAM The Higher Committee of the Arab Reading Challenge announced that this year’s competition has seen a whopping 108 percent increase in participation among Arab students living in non-Arab countries. The numbers are testimony to the initiative’s success in transcending the borders of the Arab world. In total, students from 11 countries – the UK, Denmark, France, Indonesia, ...

Abu Dhabi / Emirates Business The Abu Dhabi Department of Urban Planning and Municipalities (DPM) will showcase its latest digital development projects in the Abu Dhabi digital government pavilion at GITEX 2017. The DPM has been invited to attend the event due to its impressive achievements in developing and implementing digital enhancements to its processes and customer services. During the ...

Abu Dhabi / Emirates Business An expanded and restructured strategic conference programme at the world’s leading annual meeting for senior oil and gas decision makers, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), will play a vital role in driving strategic investment decisions across the industry’s full value chain, organisers said today. Investment in refining and selling the oil ...

Bloomberg The Trump administration will formally propose repealing former President Barack Obama’s sweeping plan for curbing greenhouse gas emissions from power plants by arguing it went beyond the bounds of federal law, according to documents obtained by Bloomberg News. The Environmental Protection Agency (EPA) will not prescribe an immediate replacement to the plan, and instead will soon ask the public ...

Bloomberg National Agricultural Development Co., (NADEC) the Saudi dairy producer part owned by the kingdom’s sovereign wealth fund, plans to start talks with Danone SA’s venture in the country for a potential combination. Shareholders of the privately-held Al Safi Danone will own 38.75 percent of National Agricultural Development Co. at the completion of the proposed transaction, according to a statement ...

Bloomberg Even for commodities deal king Ivan Glasenberg, it’s been a busy week. Glencore Plc announced two acquisitions potentially worth as much as $2 billion within days of each other. One to capture a stake in Chevron Corp.’s oil refining and fuel service stations in South Africa and Botswana, the other to take a bigger stake in Latin America’s top ...

Bloomberg Not every oilman is gaining from the US shale boom. Just ask Joe Warren. Warren, a partner at Brown & Borelli Inc., is caught in a historical hiccup, of sorts. More than a third of the 65 to 70 old-line vertical wells his company operates in Oklahoma are negatively affected by horizontal drilling, he says. The new-style wells can ...