ABU DHABI/WAM Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Caroline Abel, Governor of the Central Bank of Seychelles (CBS), signed on Friday in Abu Dhabi two Memorandums of Understanding (MoU) regarding enhancing the use of local currencies in settling cross-border financial and commercial transactions and interlinking payment and messaging systems between the two countries. ...

ISTANBUL/WAM DP World and Evyap Group have completed a strategic merger, bringing together the strengths of two major ports on the Marmara Sea to create a new international logistics hub that will elevate Türkiye’s pivotal role in global trade. The completion follows regulatory approval from the Turkish Competition Authority. The newly formed entity, DP World Evyap, sees DP World assuming ...

DUBAI/WAM An Emirates spokesperson confirmed that there has been no impact on Emirates’ flight operations. In a statement on Friday, the spokesperson said, “We are aware of the global IT disruption and are monitoring the situation closely. At this time, there has been no impact on Emirates’ flight operations.” He noted, “There could be delays to some flight timings later ...