Muscat / EMIRATES BUSINESS Marking its third award of the year, Bank Sohar was recently recognised as one of the best ‘Straight Through Processing’ (STP) banks in Oman by JPMorgan Chase Bank, National Association, a subsidiary of JPMorgan Chase & Co. and a globally renowned financial firm. Award was handed over to Bank Sohar at its headquarters in MBD by Karim ...

Washington / AP Here’s another use for the smartphone as it invades daily life: in place of your debit card at your bankcash machine. The “cardless” automatic teller machine (ATM) is gaining ground in the US and around the world, with smartphone technology allowing for speedier and more secure transactions. Dozens of US banks are installing new ATMs or updating ...

Dubai / Emirates Business Banks must wake up to the way technology affects the daily lives of their customers or risk being left behind in the smart phone revolution, a digital banking expert will tell a major assembly of financial service decision-makers in Abu Dhabi. Chris Skinner, Chair and founder of the European networking forum, the Financial Services Club, says ...

Dubai / Emirates Business The retail business segment of Emirates National Oil Company (ENOC) plans to increase capacity by 40 per cent between 2016 and 2020 across its network of service stations in the UAE. The growth plans include ongoing renovation of two major service stations in Dubai Internet City and OudMetha and the construction of 54 more stations in ...

Sunaina Rana / Emirates Business Italian luxury car manufacturerMaserati has revealed the exteriors of its new addition — Maserati Levante. The first SUV from the manufacturer, Levante will be unveiled at the Geneva Motor show in March.According to Maserati,worldwide launch of the first models of Levante— completes the existing range of saloon and sports cars — will come later in ...

Dubai / Emirates Business InnJoo, the fastest growing smartphone brand in Middle East, has announced its participation at Mobile World Congress 2016, that will be held in Barcelona, Spain from February 22-25. Mobile World Congress is an annual gathering for the mobile and allied industries, organised by the GSMA, and is held in Barcelona, Spain. Last year’s edition of MWC ...

Abu Dhabi / EMIRATES BUSINESS The UAE Research Program for Rain Enhancement Science (UAEREP) is set to launch a university roadshow starting on Monday, February 22 to tour select local universities across the UAE and drive awareness for the program that seeks to promote the most advanced scientific ideas in the field of rain enhancement. Kicking off on February 22 ...

Sunaina Rana / Emirates Business UAE-based enterprise Corporate Games has announced its new partners for this year’s Abu Dhabi Corporate Games 2016, scheduled to take place in Zayed Sports City from March 25 – 26. The much-anticipated event has attracted high-level support from reputed private organisations, international corporations and government institutions. Benoit Montin, Managing Director of Corporate Games, told Emirates ...

Ritika Sharma / Emirates Business There is nothing more imperative for Arab leaders than creating job-generating economic growth and initiating formation of an Arab Economic Union. These were some of the key topics discussed during the launch of policy recommendations titled ‘Reconfiguring the Arab region and its global space beyond political economy and security threats’. The recommendations were drawn from ...

Dubai / Emirates Business A delegation of UK based MBA students studying at Cass Business School, City University London has met some of the UAE’s most prominent business figures and toured a number of leading companies, to better understand the challenges and opportunities facing key growth sectors in the country. Dubai’s transition from oil and gas dependency to a tourism, ...