Abu Dhabi / WAM The Emirates Development Bank (EDB), on Wednesday announced the signing of a Memorandum of Understanding (MoU) with National Bank of Fujairah (NBF) to offer credit guarantee and co-lending for Small and Medium-sized Enterprises (SMEs) in the UAE. The MoU with NBF is part of EDB’s commitment to boost the SME ecosystem in the UAE and increase ...

Dubai / Emirates Business Sheikh Nahyan bin Mubarak Al Nahyan, UAE Cabinet Member and Minister of Tolerance and Coexistence, inaugurated the 6th International Procurement and Supply Chain Conference 2021, in Dubai, which is the biggest of its kind in the Middle East. Emphasising that the need for a closely connected global supply chain network now is even greater, Sheikh Nahyan praised ...

ABU DHABI / WAM The UAE sent an aircraft carrying 16 tonnes of urgent medical aid to Sierra Leone, to mitigate the effects of the humanitarian disaster facing the capital, Freetown, following the explosion of a petrol station, which led to several deaths and injured dozens, most of whom were women and children. The UAE expressed its solidarity with the ...

Dubai / Emirates Business Khalifa Saif Al Muhairbi, Chairman of the Board of Directors of the Arabian Gulf Investment Company, said that the Cityscape Global Real Estate Exhibition at the “Dubai Exhibition Center” in Expo 2020 Dubai from November 9-11 is very important for real estate development and investment companies to introduce their projects. It is also an opportunity for ...

Glasgow / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, announced the UAE’s endorsement of the Policy Action Agenda for Transition to Sustainable Food and Agriculture, at a high-level event on ‘Accelerating a just rural transition to sustainable agriculture for people, climate and nature’ that took place as part of COP26 Nature Day. The document sets ...

A year ago, the course of the pandemic changed, thanks to the first safe and effective vaccines against Covid-19. Today, after administering 7.3 billion doses and preventing countless severe deaths, we have more data than ever to justify that early enthusiasm — and the need to keep jabbing. On top of waning immunity and the lifting of restrictions, countries with ...

It’s been 12 months. On November 9 last year, Pfizer Inc awoke the world to the triumphant news that it had developed a vaccine for Covid-19 that worked. It was one of the clearest market turning points in memory. As far as most of us were concerned, it was also one of the best items of news we could remember. ...

Firms are at pains to promote diversity in their leadership and at the entry level. But what about the vast mass of employees in between? Socially minded investors need to have middle managers in their sights too. The terms for middle management — “permafrost,” “the frozen middle” — are generally miserable. “Frontline managers” is often preferred. However they’re described, the ...

Big banks are rolling in free cash, but investors are struggling to believe that some of them will ever hand it over. They should take another look. Fifteen of the biggest US and European banks have piled up more than $125 billion of excess capital after the first nine months of 2021. Profits soared after a spell of record corporate ...

Bloomberg British Airways (BA) is set to operate a new unit offering European flights from London Gatwick airport in March following a deal with cabin crew. The breakthrough in talks with flight attendants comes after an earlier deal with pilots and leaves only terms with ground staff to be settled, Luis Gallego, chief executive officer of BA parent IAG SA, ...