News

  Dubai / WAM Riveting keynote speeches from leaders, compelling research papers, and speakers drawn from the industry and academia marked the opening of the 4th International Aviation Management Conference (IAMC) at Emirates Aviation University. This year’s topical theme – The Future of Aviation: Covid-19 Pandemic and Challenges – has brought together leaders, professionals, research scholars, students and academia to ...

  Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, has been assigned ‘AA-‘ (Very Strong) ratings for the fourth consecutive year by Fitch Ratings, reflecting ECI’s role in supporting the diversification of the UAE economy. ECI’s Insurer Financial Strength (IFS) Rating and Long-Term Issuer Default Rating (IDR) were both affirmed at ‘AA-‘ (Very Strong) with ...

  Abu Dhabi / WAM The UAE Banks Federation (UAEBF) organised a webinar on growth opportunities and innovation of banking solutions for small and medium enterprises (SMEs) under the theme “Changing Landscape of SME Banking in the UAE”, as part of its efforts to support this important sector and enhance its role in the economic and social development in the UAE. ...

  Abu Dhabi / Gulf Time Mohammed Rasool Khoory & Sons and Rolex announced the grand official opening of a new boutique in Abu Dhabi. Located in Yas Mall, the boutique is in the heart of the biggest mall in Abu Dhabi at Yas Island – one of the top tourism projects in the capital. It occupies the ground floor, ...

Bloomberg JD.com Inc. is slashing salaries for about 2,000 managers by 10% to 20% and diverting some of those savings toward a $1.4 billion employee benefits fund, aligning China’s No. 2 online retailer with Xi Jinping’s “common prosperity” campaign to share the wealth. Billionaire JD.com founder Richard Liu will donate 100 million yuan ($14 million) of his own money toward ...

  Bloomberg Shares of One 97 Communications Ltd., the parent of India’s leading digital payments brand Paytm, plunged to a record low on Tuesday after Macquarie Group Ltd. analysts flagged risks from billionaire Mukesh Ambani’s foray into the financial services business. Reliance Industries Ltd.’s Jio Financial Services Ltd. “can pose a significant growth and market-share risk” for players such as ...

  Bloomberg The Singapore police is investigating Binance.com over a possible breach of local payment services rules. “Police investigations are ongoing and we are unable to comment further,” according to a statement from the police in response to queries from Bloomberg News. The probe started when the nation’s financial regulator referred the case to the white-collar crime unit of the ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a congratulatory message to Kassym-Jomart Tokayev, President of Kazakhstan, on his re-election as President. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has dispatched similar message to Tokayev

  Abu Dhabi / WAM Adnoc Drilling Company on Monday announced that it has signed an agreement to acquire an additional three brand new high-specification offshore jack-up drilling units (the “rigs”). The cost of the acquisition is part of the company’s three-year guidance on capital expenditure and its strategic growth plans. The acquisition underpins the company’s accelerated fleet expansion and ...

  DUBAI / WAM Arada has unveiled its first project in Dubai with the launch of “Jouri Hills” at Jumeirah Golf Estates, a villa collection in the heart of one of the emirate’s most-sought-after residential and leisure communities. The latest phase in 40 million square foot Jumeirah Golf Estates master plan, Jouri Hills contains 294 high-end homes located close to ...