Abu Dhabi / WAM First Abu Dhabi Bank (FAB) announced it signed a five-year strategic partnership deal with Mastercard for the enablement of commercial cards and payments solutions. The move aims to simplify business-to-business (B2B) payments for companies in the UAE, making them more seamless, secure and convenient. Mastercard’s commercial cards and payment platforms will be made available to FAB ...

Abu Dhabi / WAM Tawazun announced its participation at the International Defence Exhibition and Conference (Idex 2021) and the Naval Defence and Maritime Security Exhibition (Navdex 2021) held from the February 21-25 at the Abu Dhabi National Exhibition Centre (Adnec). Tawazun Economic Council had previously signed an agreement with Adnec to become the Principal Partner of this edition of Idex ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has selected more than 100 tech startups to join its growing community, raising AED 185 million (USD 50.4m) in capital for the new businesses since its launch in March 2019, demonstrating the strong appeal of the UAE’s capital city among entrepreneurs worldwide. Under the patronage of HH Sheikh Khaled bin ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations. The exchange house has a weak anti-money laundering and combating ...

Abu Dhabi / WAM Etihad Airways, the UAE national airline, has become the first airline in the world with all its operating pilots and cabin crew vaccinated to help curb the spread of Covid-19. In January 2021, Etihad was awarded Diamond status for ensuring the highest standards of cleanliness and sanitisation in the inaugural ‘Apex Health Safety, powered by SimpliFlying’ ...

Prime Minister Boris Johnson is due to provide a roadmap out of England’s lockdown restrictions on February 22, but those in his party who want the curbs lifted are growing impatient. The UK government is on track to reach its target of vaccinating the top four priority groups by the middle of the month. The over-50s could be largely vaccinated ...

Natixis SA’s 14 years as a publicly traded bank will be best forgotten. Losses during the global financial crisis pushed the French firm, which trades securities and owns an asset manager, to the edge soon after its 2006 creation. While the company has been profitable since then, repeated trading losses and funds that ran wild have been a constant reminder ...

In the technology world, this may be remembered as the month when Clubhouse started to matter. Elon Musk and Mark Zuckerberg made appearances on the service. For a short time, Chinese-language discussions dealt with the Xinjiang issue in a frank and open manner, attracting wide public attention. If you don’t already know, Clubhouse is a year-old social media service consisting ...

The Senate’s impeachment trial of Donald Trump is unprecedented: It’s the first time a president has been tried twice, and the first time an ex-president has been tried at all. The fact that it is taking place is a testament to how outrageous Trump’s conduct was in his last months in office. Even opponents of the impeachment trial, such as ...

Bloomberg The tussle between two of the world’s richest men — Jeff Bezos and Mukesh Ambani — to dominate India’s estimated $1 trillion retail market is testing foreign investor patience with flip-flopping court rulings. There have been new developments in Amazon.com Inc’s legal battle to block Ambani’s Reliance Industries Ltd from acquiring Future Retail Ltd’s assets, in what would be ...