Dubai / Emirates Business Commercial Bank of Dubai (CBD) on Wednesday reported its financial results for the year 2018. In a statement, the bank said that its operating income of AED 2,725 million was up 3.1% year on year, while operating expenses decreased by 4.7% to AED 858 million. The bank’s operating profit of AED 1,866 million before impairment allowances ...

Dubai / WAM The Dubai Supreme Council of Energy released on Wednesday the fifth ‘State of Green Economy Report’ during a ceremony at the Etihad Museum in Dubai. The 2019 edition was compiled by the Council in collaboration with the Dubai Carbon Centre of Excellence, and Dubai Electricity and Water Authority (Dewa). It highlights the key achievements of active institutions ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, on Wednesday attended the opening of Sita 2019 for the Middle East, India and Africa region (MEIA), at the JW Marriott Marquis in Dubai. Sheikh Ahmed witnessed Sita’s business objectives and outlook for ...

Davos / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, met CISCO CEO Chuck Robbins at the World Economic Forum in Davos, Switzerland. Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future, Mariam Hareb Almheiri, Minister of State for Food Security, Omar bin Sultan ...

Aden / WAM The Office of the United Nations High Commissioner for Refugees (UNHCR), praised the efforts made by the Emirates Red Crescent in Yemen and revealed plans for joint projects this year. This was stated during a meeting held on Wednesday between Sultan Al Shamsi, ERC Representative in Aden and Jacqueline Parlevliet, Head of the UNHCR’s Sub-Office in Aden, ...

Abu Dhabi / WAM Khalifa University of Science and Technology, the Abu Dhabi Transmission and Dispatch company (Transco) and the Manitoba Hydro International (MHI) of Canada, on Wednesday signed a collaboration agreement for building an industrial-level software to monitor, predict, and interact with network operators in real time and enable renewable energy integration with the UAE power system. The agreement ...

Dubai / Emirates Business Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, on Wednesday celebrated the opening of its new Emirates Skywards Centre in Terminal 3 at Dubai International Airport (DXB). The centre was inaugurated by Dr Nejib Ben Khedher, Senior Vice President, Emirates Skywards and Nick Moore, Senior Vice President, Passenger Services, Emirates. The Emirates Skywards Centre ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec), held a special ceremony at the Barakah Nuclear Energy Plant to celebrate the achievement of 50 million safe work hours. The accomplishment reflects Enec’s commitment to the highest standards of safety and quality and is the result of its continuous workplace safety improvement programmes. Mohamed Al Hammadi, Chief Executive Officer ...

Bloomberg New York’s plan to put the state’s last coal-fired power plants out of business hasn’t even been approved yet and electricity is already trading like they’re shut. The price of power in 2021 in New York City and other regions surged more than 30 percent beginning in May. The only major difference between then and now: a pending state ...

Bloomberg Carlos Ghosn’s arrest is triggering a reckoning at the Japanese carmaker he once saved from near bankruptcy, with Nissan Motor Co reviewing its global operations and relationships with key dealers as part of an expanding investigation into the auto titan’s alleged misdeeds, people familiar with the matter said. Hundreds of people — including regional and legal compliance teams as ...