News

  Dubai / WAM Emirates NBD on Wednesday launched the bank’s pilot blockchain network for banking services, a first for any private sector entity in the UAE. This was accomplished after it successfully completed a proof of concept blockchain network for international remittances and open account trade finance, in partnership with ICICI Bank Limited, India’s largest private sector bank by ...

  Dubai / EMIRATES BUSINESS An Investment Promotion and Protection Agreement (FIPA) was signed between the UAE and Antigua and Barbuda on Wednesday. The agreement was signed during a meeting between HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, and Gaston Browne, Prime Minister of Antigua and Barbuda, where they ...

  Dubai / Emirates Business Fears of an imminent disruption to traditional banking from the financial technology sector are overblown, with a collaborative approach being the most likely way forward, according to experts at the Global Islamic Economy Forum being held in Dubai. Speaking at a plenary session titled: The Tesla of finance is coming: are Islamic banks ready for ...

  Abu Dhabi / WAM The UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is committed to consolidating Arab joint action to realise the aspirations of the Arab people for development, building and stability, and supporting the Arab League’s efforts to serve Arab issues. “Understanding the gravity of challenges facing the Arab nation and their ...

  Istanbul / WAM Energy ministers of members from the Organisation of the Petroleum Exporting Countries (OPEC) will not take any decisions at a meeting on Wednesday as it is a consultative meeting, UAE Ministry of Energy Suhail bin Mohammed Faraj Faris Al Mazrouei said. “Oil prices have more challenges ahead. All those factors are positive for the balance of the ...

  Abu Dhabi / WAM Oil and gas companies must demonstrate agility in their approach to business and adapt to a rapidly evolving supply mix by staying ahead of the curve when it comes to industry technology and innovation, urge UAE experts. Speaking ahead of his participation in the upcoming Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2016) top be ...

  Sharjah / WAM Xposure, the first International Photography Festival in Sharjah, began on Wednesday at the Expo Centre Sharjah. Bringing together a wide range of events and activities on a single platform, XPOSURE 2016, an initiative that celebrates and enriches the field of photojournalism in the UAE and the region, was opened in the presence of His Highness Dr. Sheikh ...

  Dubai / WAM Industry experts and leaders from public and private sector entities met at a recent forum to share expertise, discuss challenges and review international standards as part of joint efforts to achieve Dubai’s smart city ambitions. The eighth session of the Dubai Smart Cities Forum, held with the theme ‘Blockchain and the Next Wave of Smart Cities Technologies’, ...

  Abu Dhabi / WAM The higher organising committee of the International Defence Exhibition and Conference (IDEX 2017) and the Naval Defence Exhibition and Conference (NAVDEX 2017) held its sixth meeting at the Abu Dhabi National Exhibition Centre (ADNEC), to discuss latest preparations by specialized committees to host the leading events in Abu Dhabi. Both IDEX 2017 and NAVDEX 2017 will ...

  Abu Dhabi / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region and Chairman of the Emirates Red Crescent (ERC), stressed that the United Arab Emirates, under the leadership of President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, continues to implement its developmental and humanitarian initiatives to alleviate the suffering of people in Yemen. ...