Abu Dhabi / WAM AED 2 billion worth of transactions were conducted over NBAD’s share through 30 sessions since the merger of the First Gulf Bank and National Bank of Abu Dhabi that created the Middle East region’s largest banking entity under the name First Abu Dhabi Bank (FAB). With 1.3 million shares owned by foreigners, the increased trading over …

Dubai / WAM Tejar Dubai, an initiative of the Dubai Chamber of Commerce and Industry, launched ‘Enatni’, an app designed to boost the exposure of Emirati-owned businesses. The app is the 27th commercial project launched under the Tejar Dubai entrepreneurship development programme, while it supports Dubai’s transformation to a global smart city. A launch ceremony at Dubai Design District was …

Dubai / Reuters The naming of a new boss at Etihad Airways presents the Gulf carrier with an opportunity to rethink its expansion strategy after the failure of minority-owned Alitalia underlined the big barriers to global growth. Ray Gammell was appointed interim CEO this week, days after Alitalia sought bankruptcy protection with $3.3 billion (£2.5 billion) of debt. He replaces …