Dubai / Emirates Business The World Bank Group’s Migration and Development April 2016 Report has positioned the GCC as a global hub of outward remittances, particularly to non-GCC Arab countries. The report, which highlights the movement of people as well as remittance flows, presents data that dovetails with internal research of UAE Exchange, the leading global remittance, foreign exchange ...

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has announced a comprehensive new global agreement with WME | IMG to become a major long-term partner to the fashion industry by supporting 17 fashion week events around the world annually. Under the agreement, which is the first multinational, multi-year airline sponsorship supporting the fashion industry, ...

  Bloomberg Following complaints from retailers, MasterCard Inc. and Visa Inc. have introduced software that they say will speed up slow check-out times for shoppers with new chip-based cards. With the new software, the checkout experience for owners of the security-enhanced chip cards should come closer to those with the old magnetic stripes, the companies say. Consumers will be able ...