News

Abu Dhabi / Emirates Business The UAE participated in the first trade and investment dialogue between the Gulf Cooperation Council (GCC) and the European Union (EU), which concluded at the headquarters of the Council’s General Secretariat at Saudi Capital of Riyadh. The Ministry of Economy organized the UAE delegation which was headed by Mohammed Nasser Hamdan Al Zaabi, Director of ...

Bloomberg Oman plans to sell $2 billion of Islamic bonds this month as it seeks to trim a large budget deficit caused by lower oil revenue, Finance Minister Darwish Al Balushi said. The crude exporter’s budget deficit will reach 12 percent of economic output this year and it will continue to narrow in the coming years, Al Balushi said in ...

Abu Dhabi / Emirates Business Etihad Airways, the national carrier of the UAE, has tasted success at the INSIGHTS Middle East Call Centre Awards. The annual competition is now in its 12th year and sets the regional benchmark for remote customer interaction success. The airline collected two prestigious awards at the ceremony held at The Crowne Plaza Hotel in Dubai. ...

Dubai / Emirates Business UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, is bringing its financial services to the doorsteps of its customers. Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, is introducing the Mobile Exchange facility for the employees of its corporate clients to withdraw salaries literally from anywhere. This new ...

Dubai / Emirates Business Renowned entrepreneur and chief executive officer of Regulus Capital, Shailesh Dash, cemented his position as an investment guru and visionary after he bagged one of the most coveted awards at the just concluded 2017 Bankers Middle East awards. The Regulus Capital founder emerged the clear favorite and this year’s recipient of the ‘Best Strategic Vision’ award. ...

Dubai / WAM The Dubai Chamber of Commerce and Industry (DCCI) announced the top three winners of the 2nd cycle of the Dubai Smartpreneur Competition during the closing ceremony for the 5th ArabNet Digital Summit in Dubai. FriendyCar, a marketplace for borrowing and lending cars, claimed the first-place prize, while second place went to CorporateStack, a web-based solution for managing business ...

Abu Dhabi / Emirates Business The Abu Dhabi Systems and Information Center (ADSIC), the government entity responsible for developing the ICT sector in the Emirate of Abu Dhabi, announced on Thursday that there have been no reports of ‘Ransomware’ cyberattacks across government entities in the Emirate of Abu Dhabi. This comes as hundreds of countries have been under attack by ...

Dubai / WAM ‘Piracy Full Stop’ won the best international movie at the Children’s International Film Festival (CIFF 2017), which concluded at the Higher Technology College in Dubai Academic City. Yousef Ozair Mubarak, Director of the Intellectual Property Rights, IPR, Department at Dubai Customs, awarded the winners in the presence of Ahmed Mahboob Musabih, Director of Dubai Customs. Winchester School’s ...

Dubai / Emirates Business As the UAE dirham completes its 44th year on May 19, the currency celebrates its unified form representing the seven emirates after undergoing several transformations. The 1973 born banknotes began their journey in denominations of 1, 5, 10, 50 and 100, displaying the watermark of an Arabian horse – which was later changed to falcon, the ...

Dubai / WAM Following up on the agreement signed last month, the Dubai Municipality9 (DM) supplied 700 Dubai Lamps to the Roads and Transport Authority (RTA). With the aim of promoting Dubai Lamp, the municipality had signed several agreements with a number of government and private organisations, as well as strategic partners including the RTA. This is the first batch ...