May, 2016

• 1 May

  Abu Dhabi Ports joins hands with German giant

  

    WAM and Emirates Business Abu Dhabi Ports has roped in Germany’s largest E&P company, Wintershall to further strengthen its position in exploration and production segment of crude oil and natural gas. “This partnership with Wintershall offers a new opportunity for Abu Dhabi Ports to serve the exploration and production sector in the Emirate, which is vital to the economy of …

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• 1 May

  Arab Bank posts US$218.3mn profit for Q1

  

    Dubai / Emirates Business Arab Bank Group continued its strong financial performance during the first quarter of 2016, reporting net profit after taxes and provisions of USD 218.3 million, compared to USD 217.2 million for the same period last year. Shareholders equity, meanwhile, rose to USD 8 billion. The Bank’s balance sheet remains strong with loans and advances growing …

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• 1 May

  American Express wins ‘Most Popular Credit Card Product’

  

    Dubai / Emirates Business The American Express Platinum Credit Card was voted UAE’s most popular credit card product at the Souqalmal People’s Choice Awards. The award is based on an in-depth consumer survey evaluating various aspects of the overall Cardmembership experience with parameters that include customer service, product features and financial education. Souqalmal is the UAE’s leading comparison website. …

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• 1 May

  EXUS receives recognition for ‘loan solutions’

  

    Dubai / Emirates Business EXUS on Sunday announced that its Financial Suite software was profiled in a recent CEB TowerGroup analyst report, “Loan Collections Systems Technology Analysis,” as being a “best-in-class” solution, for core collections, enterprise technology and customer management. The report, published in March, is the first ever global technology analysis of loan collections systems by an industry …

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• 1 May

  Dear guest, let’s be e-friends!

  

    RITIKA SHARMA / Emirates Business Social media has penetrated into our daily life in a big way. Especially in the UAE, aided by high rates of smart phone access, social media has become an inseparable part of our personalities. Giving social media the much deserved attention, hospitality industry in UAE is exploring the innovative side of this technology to enhance …

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• 1 May

  Wall Street Exchange remittance business grows 10pc in 2015

  

    Dubai / Emirates Business Wall Street Exchange, UAE’s leading comprehensive money exchange service provider and a member of Emirates Post Group, has reported a 10 percent growth in its remittance business for 2015, driven by its excellent customer service and best currency rates. The Chief Marketing and Support Services Officer of Wall Street Exchange, Sultan Al Mahmoud, said, “We …

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• 1 May

  Dubai Association Centre issues licences to 23 associations

  

    Dubai / Emirates Business Affirming Dubai’s success in consolidating its position as the centre for professional associations in the region, the Dubai Association Centre (DAC) has announced 44 percent rise in its membership in the first quarter of 2016 which takes the Centre’s total membership to 23 from last year’s 16. The recent joining of seven new associations reflects …

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• 1 May

  UAE delegation to represent at WSIS Forum 2016

    Emirates Business UAE’s 39 delegates will attend the World Summit on the Information Society (WSIS) Forum taking place from May 2-6 in Geneva, Switzerland. WSIS Forum 2016 is the latest edition of the leading global forum for ICT-driven development. It is co-organised by the International Telecommunication Union (ITU), the UN Educational, Scientific and Cultural Organization (UNESCO), the UN Development …

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• 1 May

  Tadweer acts as catalyst to promote events in Abu Dhabi

  

    Abu Dhabi / Emirates Business Tadweer (the Center of Waste Management — Abu Dhabi), spared no effort to provide support and assistance for all the events and occasions that aim to educate communities on the importance of preserving the environment. These events provide a platform to connect with the communities to encourage them to exercise and adopt a proper …

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• 1 May

  Saudi’s ICT spend to grow SAR 43.7bn by 2020

  

    Saudi Arabia / EMIRATES BUSINESS KSA is the largest economy within the GCC and home to some of the most prominent companies in the region. However, the country’s economy is undergoing a transition to keep up with the challenging global macro-economic environment, as well as to meet the government’s Vision-2030 strategy. A recent study, estimates that Saudi Arabia’s ICT …

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