News

  DUBAI / WAM Emirates NBD has announced that it will invest AED 500 million over the next three years towards digital innovation and multichannel transformation of its processes, products and services. The bank also revealed plans to launch the UAE’s first digital bank targeted at millennials. A first-of-its-kind ‘by the customer, for the customer’ initiative using digitisation and social ...

  Dubai / WAM Emirates NBD announced that it will invest AED 500 million over the next three years towards digital innovation and multichannel transformation of its processes, products and services. The bank also revealed plans to launch the UAE’s first digital bank targeted at millennials. A first-of-its-kind ‘by the customer, for the customer’ initiative using digitisation and social input as ...

  Abu Dhabi / WAM Abu Dhabi General Services Company, Musanada, has completed 83 percent of the new Abu Dhabi-Dubai highway, while work is progressing as planned in accordance with the highest standards to deliver the project by the end of this year. The execution of the new highway has followed a detailed study of the conditions and volume of daily ...

  Vienna / WAM Abu Dhabi’s state-owned oil and gas investment company, International Petroleum Investment Company (IPIC) and the Austrian state holding company, Osterreichische Bundes- und Industriebeteiligungen GmbH (OBIB) on Wednesday agreed to extend their cooperation as the two core shareholders of the Austrian oil and gas company, OMV Aktiengesellschaft (“OMV”). The announcement comes after the conclusion of successful talks in ...

  Dubai / WAM The UAE’s General Civil Aviation Authority (GCAA) and the Democratic Republic of the Congo have signed and initiated an agreement on air transport services. The agreement was signed by Omar bin Ghalib, Deputy Director General of the GCAA, while the advisor of Minister of Transport and Channels of Communication of the Democratic Republic of the Congo, signed ...

  Abu Dhabi / WAM The Government of Japan announced that it has conferred the Order of the Rising Sun, Gold Rays with Neck Ribbon, by the Emperor of Japan on Nasser Ahmed Alsowaidi, Chairman of the National Bank of Abu Dhabi (NBAD), in recognition of his outstanding contribution to promoting economic relations between Japan and the United Arab Emirates. The ...

  Sharjah / Emirates Business With a rapidly growing global network served from regional hubs across the Middle East and North Africa, Air Arabia is to introduce SITA’s next-generation passenger management system to extract even greater efficiency across its operations. Air Arabia carried close to 8 million passengers in 2015, serving 101 destinations spread across the Middle East, North Africa, ...

  DUBAI / WAM The Ministry of Economy discussed ways to minimise the export of paper, leather and aluminium waste to other countries in order to provide raw materials for the national industry. This came during a meeting chaired by Abdullah Sultan Alfan Alshamsi, Assistant Under-Secretary for Industrial Affairs at the Ministry of Economy. The practice has caused a shortage ...

  TOKYO / WAM A delegation from ADNOC, led by Dr Sultan Al Jaber, Minister of State and CEO of ADNOC, conducted visits to Japan and South Korea, aimed at building on ADNOC’s long-standing relationships with its partners in both countries, while also exploring new business opportunities in oil, gas, refining and petrochemicals. During the visit to Japan, the delegation ...

  SHARJAH / WAM The Sharjah-Russian Business Forum, being held in Moscow and Saint Petersburg in collaboration with the Chambers of Commerce and Industry of both cities, began on Tuesday at the headquarters of the Chamber of Commerce and Industry of the Russian Federation. The event is held on the sidelines of a visit by a trade delegation to the ...