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CBD, Postpay ink strategic deal

  Dubai / WAM Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later (BPNL) provider in the Middle East. The strategic partnership with CBD will provide support to Postpay on several fronts including Transaction Banking, Debt Funding and E-Commerce solutions allowing Postpay to focus on growth and support to ...

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Adib’s net profit rises 45% to AED2.33 billion in 2021

  Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib) reported a year-on-year growth in net profit of 45% for the full year 2021 to AED2,330 million from AED1,604 million in 2020, resulting from solid top-line growth, continued optimisation of the cost base and lower impairments. Revenue for 2021 improved 4% to AED5,560 million compared to AED5,358 million last year. ...

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UAE shares more scientific data from Mars’ Hope Probe

  Dubai / WAM The Emirates Mars Mission (EMM), the first interplanetary mission undertaken by an Arab nation, has released the second tranche of observations to a global audience of scientists, researchers, educationalists and enthusiasts. Over 76 GB of raw data has been uploaded to the EMM Science Data Centre and is available at https://sdc.emiratesmarsmission.ae as part of the second ...

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Dewa, Tajik officials explore ways to bolster cooperation

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has received Ilhom Abdurahmon, Consul-General of the Republic of Tajikistan in Dubai and the Northern Emirates, and Akmal Mardonov, Vice-Consul. The meeting at Dewa Head Office discussed ways to develop cooperation in energy and water sectors and topics of mutual interest. Al ...

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Floward announces its first independent board member

  Dubai / Gulf Time Floward, the go-to online flowers and gifts delivery destination in the Mena and UK announced the appointment of its first independant board member Nicholas Farhi as part of the company’s efforts to attract international expertise and meet best global governance practices. With over 20 years of experience, Nicholas Farhi is currently a partner at OC&C ...

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UAE, Kuwait discuss ways to boost cooperation

  KUWAIT / WAM Dr Matar Hamed Al Neyadi, UAE Ambassador to Kuwait, met Fahad Mutlaq Al Shurai’an, Minister of Commerce and Industry of Kuwait, in his office at the ministry’s headquarters. During the meeting, they discussed relations between the two brotherly countries and ways of enhancing and developing them in a number of economic and commercial fields. The ambassador ...

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NYUAD study offers insights about urban traffic management

  ABU DHABI / WAM New York University Abu Dhabi (NYUAD) is offering new insights about urban traffic management to create improved systems for the traffic modelling and management. A team of researchers, including NYUAD Research Scientist, Daniel Bramich, and NYUAD Professor of Civil and Urban Engineering and Director of the Cities Research Centre, Monica Menendez, have published a review ...

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