Bloomberg Societe Generale SA, seeking to restore growth and profitability, will deepen job cuts at its French consumer bank and take exceptional charges of about 570 million euros ($678 million) against fourth-quarter earnings. As many as 900 reductions may take place as the domestic retail banking business cuts branch numbers, resulting in a charge of about 400 million euros, SocGen ...

ABU DHABI / WAM The Supreme Petroleum Council (SPC) presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Vice-Chairman of the SPC, on Monday approved ADNOC’s key strategic investments programme and future opportunities, as the oil and gas company expands its 2030 strategy, ...

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC) has emphasised that the Islamic economy is today at the heart of the global economic movement, which aims at stimulating growth, achieving sustainability and equity in development. Al Mansouri’s remarks came during a speech during the Islamic Economy Award 2017, ...

Abu Dhabi / WAM The UAE Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, held an extraordinary meeting at Louvre Abu Dhabi, in conjunction with the UAE 46th National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum congratulated the UAE and its people on the ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), has marked a new partnership with Abu Dhabi National Insurance Company (ADNIC), to seek opportunities to collaborate and consult on initiatives to promote the growth and development of the insurance-related FinTech ecosystem in Abu Dhabi and the UAE. The MoU was signed by Ahmad Idris, Chief Executive Officer at ADNIC, and ...

Abu Dhabi / WAM The Department of Culture and Tourism in Abu Dhabi, Abu Dhabi Airports, Etihad Airways and the Abu Dhabi General Directorate of Residence and Foreigners Affairs, announced today the launch of a new visa counter to facilitate the visa application process and grant both transit and arriving passengers visas to Abu Dhabi within 15 to 30 minutes. ...

Dubai / WAM Dubai International (DXB), welcomed 6.9 million passengers in October, according to the monthly traffic report issued on Monday by operator Dubai Airports. Passenger traffic at the DXB reached 6,865,296 in October compared to 6,420,208 recorded in the corresponding month last year, an increase of 6.9%. Year to date, passenger numbers at airport risen 5.9% to 73,433,846 compared ...

Dubai / WAM Awqaf and Minors Affairs Foundation (AMAF), donated AED400,000 to the Mohammed bin Rashid Housing Establishment, MRHE, to help provide affordable housing solutions for individuals in need. Tayeb Al-Rais, Secretary-General of the AMAF, handed over the cheque to Mohammed Humaid Al Marri, Assistant Chief Executive Officer of Finance and Corporate Support at the MRHE in Dubai. The donation ...

Abu Dhabi / WAM The UAE’s female foreign ambassadors have emphasised that the country’s federal experience is well-established and has become a source of pride, a model of stability and an example of prosperity. In statements to the Emirates News Agency (WAM), on the occasion of the country’s 46th National Day, the ambassadors said that the success of the UAE’s ...

Dubai / Emirates Business The Dubai Islamic Economy Development Centre (DIEDC) on Monday published the outcomes of the State of the Global Islamic Economy Report 2017-2018 titled ‘Outpacing the Mainstream’. The report is issued annually by DIEDC in collaboration with Thomson Reuters. The findings were released on the sidelines of the fifth edition of the Islamic Economy Award, held under ...