Abu Dhabi / WAM Abu Dhabi Commercial Bank (ADCB) received three prestigious awards from Asian Banking and Finance, a highly respected financial publication based in Singapore. ADCB Commercial Banking has been awarded the “SME Bank of The Year” and “UAE Domestic Technology & Operations Bank of the Year” awards for the distinctive proposition it offers commercial clients in the form ...

Abu Dhabi / Emirates Business A state-of-the-art Etihad Airways Boeing 787-9 Dreamliner touched down in Shanghai today from Abu Dhabi on its first flight into China. The new Dreamliner features the airline’s next-generation business and economy class cabins, and will operate with 299 seats, 28 in Business class and 271 in economy, representing a 14 per cent capacity increase on ...

  Dubai / Emirates Business Apparel and footwear retailers in Dubai are experiencing a boom in business this summer, as residents and visitors make a beeline for outlets of home-grown, regional and international brands to snap up diverse deals that are being offered during Dubai Summer Surprises (DSS). With Dubai being only second to London as the city with the ...

  Dubai / Emirates Business Bayt.com, the Middle East’s top job site, has recently held a one-day CV evaluation clinic to offer jobseekers in Dubai free consultations on how to write the perfect CV. Professionals who are actively seeking employment in Dubai and the UAE received essential tips on creating a CV that truly stands out—one that is both interesting ...

  Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) has been recognised at the prestigious Global Investor/ISF Awards 2016, held in London, UK, winning the accolade for ‘Emerging Markets Real Estate Manager of the Year’. With a portfolio of more than $4bn in real estate projects, comprising over seven million square feet, ADFG currently manages prominent developments across ...

  Emirates Business Leading UAE based total facilities management company, Farnek, announced that it has acquired multi award-winning specialist hygiene cleaning company Smashing! Cleaning Services. Smashing! which was formed in 2004, is one of the UAE’s leading hygiene cleaning services providers, with an annual turnover in excess of AED 10 million. Its 65 highly skilled technicians manage 2,500 customers, many ...

  ABU DHABI / Emirates Business The demand for tissue products, especially in the away-from-home (AfH) sector, in the Near and Middle East remains robust, a recent study reveals. According to the ‘Outlook for World Tissue Business Forecast’ by RISI, the region will witness a surge in the sector at an average annual rate of 6.5 per cent from 2013 ...

  Bloomberg Oil traded near $40 a barrel before weekly U.S. government stockpile data and after falling into a bear market on concern the global supply glut will persist. Futures added 0.4 percent in New York after dropping below $40 on Monday for the first time since April. While crude and gasoline inventories are forecast to have declined, they will ...

  Bloomberg Oil closed in a bear market, but don’t abandon hope. Analysts are looking beyond the current slide to next year for a rebound. Crude has plunged by more than a fifth in less than two months as refineries created a glut of gasoline while failing to eliminate excess supply of crude. That wrecked refining margins and hurt the ...

  Bloomberg Kuwait’s government approved an increase in prices of gasoline sold locally by as much as 83 percent, becoming the latest oil-rich Arab nation to cut subsidies as lower crude prices squeeze finances. The OPEC member will raise the price of the lowest octane gasoline by 42 percent to 85 fils per liter (30 cents) starting September, local media ...