Dubai / EMIRATES BUSINESS RAKBANK announced the arrangement of a five-year US$15 million long term loan facility to Seylan Bank, a financial institution based in Sri Lanka. Seylan Bank has secured the loan for general expansion of its portfolio growth in Foreign Currency Banking Unit (FCBU). The long term funding would also assist in further improving the Asset Liability …

  DUBAI / WAM Dubai Airports, operator of Dubai International (DXB), the world’s busiest international airport, and Dubai World Central (DWC), was voted as the Travel and Tourism Company of the year at the Arabian Business Achievement Awards in Dubai recently. The awards seek to recognise and reward outstanding corporate leadership across a range of sectors, with nominations being drawn …

  DUBAI / WAM The Unmanned Aircraft Systems (UAS), Integration in UAE skies conference, hosted by the General Civil Aviation Authority (GCAA), has taken a number of important decisions, including one to host the Joint Authorities for Rulemaking of Unmanned Aircraft system (JARUS), plenary meeting in the UAE in 2018, and hosting the first Drone Air Show in 2018. Other …