ABU DHABI / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has confirmed that the next phase of its brand roll-out will be launched during the second half of the year. During the coming months, the bank will start to install new FAB signage across First Gulf Bank and National ...

ABU DHABI / Emirates Business Employment uncertainty and the rising cost of living continues to build deflationary pressures in the residential leasing market. As a result, residents are becoming increasingly cautious with their spending and gravitating towards affordable housing options, according to the latest Abu Dhabi MarketView by global real estate consultancy firm CBRE. As of Q2 2017, average rentals ...

Cairo / Emirates Business The downturn in the overall health of the non-oil private sector eased in July, with the latest deterioration in business conditions the weakest in a year. New orders stabilised during July, thereby ending a 21-month sequence of decline. Output declined at the slowest pace in 12 months, thereby leading to only a marginal fall in input ...

PARIS / Reuters Kuwait Investment Authority (KIA) will sell its nearly five percent stake in Areva to the French state as the nuclear group is delisted and will stay away from nuclear investments for now, sources familiar with the situation told Reuters. Kuwait’s sovereign wealth fund, one of the world’s biggest, paid 600 million euros ($712 million) for its 4.82 ...

ANKARA / Reuters Turkey picked Germany’s Siemens as the winning bidder for a $1 billion wind power project, a sign Ankara wants to keep business separate from the widening diplomatic row between the NATO allies. Relations have deteriorated amid the crackdown that followed the failed coup in Turkey last year. The arrest last month of 10 rights activists, including a ...

DUBAI / Reuters The government of Oman has raised $3.55 billion through a loan from a group of Chinese financial institutions, the latest fundraising by the sultanate which has borrowed over $10 billion this year to replenish coffers hit hard by lower oil prices. Oman signed the senior unsecured term loan, with a five-year maturity, on July 11, the finance ...

DUBAI / Emirates Business Trukkin Middle East has launched its new cloud-based B2B platform that unites customers with shippers and truckers in the Middle East region to create new business opportunities and deliver streamline logistics solutions. The startup was the brainchild of entrepreneurs from Saudi Arabia and the UAE, and was co-founded by Ahmed Al Nafie and Janardan Dalmia. Trukkin ...

DUBAI / Emirates Business Gemalto, the world leader in digital security, has announced its on-demand connectivity service. It is the first in the world to demonstrate full compliance with the stringent security requirements of the GSMA’s Security Accreditation Scheme for embedded SIM (eSIM) remote provisioning. As a result, OEMs, mobile operators and service providers worldwide can be assured that Gemalto ...

Emirates Business HP Inc. is reimagining the retail industry with the unveiling of its innovative and versatile all-in-one point-of-sale (POS) system, the HP ElitePOS. The company is working with leading retail and hospitality customers and partners to reimagine how technology can transform the in-store experience for customers. With e-commerce influencing consumers’ shopping experiences, brick and mortar retailers must ensure sales ...

DUBAI / Emirates Business Together with MTS, the largest mobile network operator in Russia, and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, Ericsson has conducted the first successful live trial with a commercial small cell product of Rel-13 Licensed Assisted Access (LAA) technology in Russia. The demonstration was conducted in an MTS test lab over a live network and ...