Dubai / WAM Obaid Humaid Al Tayer, Minister of State for Financial Affairs, has said that the Ministry of Finance has developed a number of leading e-systems to raise levels of effectiveness and efficiency of services, as part of its commitment to strengthen and support innovation, as well as benefit from IT applications. Highlighting key initiatives taken by the government ...

  Dubai / WAM The Ministry of Finance (MoF), in partnership with National Bank of Abu Dhabi (NBAD), launched eDebit and eDirect services on the eve of GITEX Technology Week 2016, which opened at the Dubai World Trade Centre on Sunday. The eDebit service, launched for the first time in the UAE, allows payment of service fees and purchases through direct ...

  Dubai / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, has announced that the iconic Marasi Business Bay Promenade is scheduled to be opened in November, coinciding with the opening of the Dubai Water Canal being built by the Roads & Transport Authority (RTA). More ...

  DUBAI / Emirates Business UAE-based telecommunications service provider -‘du’, has been selected by Abu Dhabi Islamic Bank (ADIB) to deliver opex-driven co-location services in the UAE. ADIB benefits from world-class data centre infrastructure that is ready to support its business with maximum reliability and availability. ADIB will be able to grow and develop its operations with a foundation in ...

  DUBAI / Emirates Business The Dubai Roads and Transport Authority (RTA) and UAE-based digital payments provider Trriple are opening up more channels for customers to top up their Nol Cards. Customers will be able to top up at over 20,000 UAE merchants through the Trriple mWallet app network. “Being able to top up Nol Cards through additional neighborhood merchants ...

  DUBAI / Emirates Business Key players in Dubai’s tourism industry came together to mark the city’s milestone achievement of reaching 100,000 rooms across its expanding hotel and hotel apartment inventory following the soft opening of The Westin Dubai, Al Habtoor City. In attendance were His Excellency Helal Saeed Almarri, Director General of Dubai’s Department of Tourism and Commerce Marketing ...

  Dubai / Reuters The performance of banking shares weighed on Saudi Arabia’s market index on Sunday after the largest listed bank reported profits below analysts’ expectations, while indexes for other markets in the region also fell. Riyadh’s index fell 1.1 percent as National Commercial Bank (NCB) tumbled 5.6 percent after reporting a third-quarter net profit of 1.96 billion riyals ...

  Dubai / Reuters Saudi Arabian companies already grappling with the effects of low oil prices and government austerity measures face a fresh challenge from new accounting standards that could provide windfall gains for some but saddle others with higher charges. As part of efforts to bring the Saudi stock market into the global investing mainstream, the Capital Market Authority ...

  Benaulim / AFP Chinese President Xi Jinping said on Sunday a rising tide of protectionism and anti-globalisation was endangering the world economy’s still fragile recovery as BRICS leaders vowed to forge closer business and trade ties. At a summit in the Indian tourist hub of Goa, host Prime Minister Narendra Modi and the leaders of China, Russia, Brazil and South ...

  Yangon / AFP Four people are confirmed dead and dozens more are feared to have drowned after an overloaded ferry sank on Myanmar’s Chindwin River, local authorities said Sunday. A total of 154 people have been rescued so far since the boat capsized early Saturday morning as it travelled from Homalin to the city of Monywa, northwest of Mandalay. ...