Dubai / Emirates Business C3 and RAKBANK have signed a partnership to provide a 360-degree payroll solution serving both banking and non-banking individuals and companies. The signing, which took place on May 1 at Seamless Middle East at The World Trade Centre in Dubai, is expected to drive financial inclusion and open up new markets. RAKBANK’s RAKMoneyTransfer will be ...

  Bloomberg Less than a quarter of London’s investment bankers were pleased with their 2016 bonuses, with staff at Deutsche Bank AG the most disgruntled after Chief Executive Officer John Cryan slashed discretionary compensation for many top traders and advisers. By a small margin, those at JPMorgan Chase & Co. were happiest. Some 61 percent of the German bank’s employees ...

  MILAN /Reuters Loss-making airline Alitalia, which asked to be put under special administration, had debts of around 3 billion euros ($3.3 billion) as of the end of February, Italy’s government said. In a document marking the opening of the special administration process and the appointment of three commissioners to run the airline, the government said Alitalia had current liabilities ...

  Bloomberg A record plane-buying spree is poised to land Singapore Airlines Ltd. in an unfamiliar territory. Southeast Asia’s biggest carrier is expected to turn to a net-debt position as early as 2018 — for the first time in 13 years — as the company borrows money and sells bonds to meet capital expenditure needs, analysts say. Singapore Air, which ...

  Bloomberg Rolls-Royce Holdings will bid to power a new short-haul jetliner being designed by Boeing as the UK engine maker seeks to re-enter a market it quit in 2011. Rolls is preparing a pitch to Boeing as the U.S. manufacturer works on the business case for a so-called middle-of-market plane, Chief Executive Officer Warren East said in comments after ...

  ABU DHABI / Agencies Abu Dhabi Global Market (ADGM) the international financial Centre, has announced the creation of a new Talent Hub in Abu Dhabi specifically for financial services, to position Abu Dhabi as a regional centre of excellence for financial services talent development. The initiative aims to increase access to and development of human capital in finance sector. ...

  DUBAI / WAM The UAE has celebrated the 41st Anniversary of the Army Unification Day, recalling the memories of the founding fathers notably the late Sheikh Zayed bin Sultan Al Nahyan who managed through their diligence and will to build the Union and unify the Armed Forces under one command, one banner, and had worked collectively to consolidate the ...

  ABU DHABI / WAM Abu Dhabi has maintained its position as the number one destination in the UAE for guest satisfaction in a report by travel and hotel data specialist organisation, Olery. The report’s findings highlight Abu Dhabi’s leading position among cities in the Arabian Gulf, with the overall Guest Experience Index registering an 82.8 score, up from 82.2 ...

  Dubai / WAM The Board of Executive Directors of Roads and Transport Authority (RTA), chaired by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, awarded AED375 million contract for the construction of tunnels and roads leading to the Jewel of the Creek Project. The awarding of the contract was coordinated with the Dubai ...

  Abu Dhabi / Emirates Business Following the strong demand for the first two towers of The Bridges at Cityscape Abu Dhabi 2017, Aldar has subsequently sold out all homes in the development’s third tower in just 4 hours generating a total value of AED 600 million across all 3 towers. The Bridges comprises six canal-side towers, of which two ...