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DUBAI / WAM Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE bank branches is the highest in the region at US$18.6 million per branch for retail services. Sehgal added, in statements to Emirates News Agency (WAM), that digital transformation has enabled Gulf banks to ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has approved the launch of the Yas Canal residential project in Al Raha Beach. The AED3.5 billion project will include 1,146 residential villas for UAE Nationals and is being overseen by the Abu Dhabi Housing ...

WORLD CAPITALS / WAM Gold prices were stuck in a tight range on Tuesday as investor focus turned to US inflation data due later this week, which could shed more light on the timing of the Federal Reserve’s first interest rate cut this year, Reuters reported. Spot gold was little changed at $2,172.58 per ounce, as of 0549 GMT. Also, ...

TOKYO / WAM/ AP Asian shares were mixed in muted trading on Tuesday, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225, where computer chip-related issues had interested investors early, reversed course to slip nearly 0.2 percent on Tuesday trading to 40,336.31. Australia’s S&P/ASX 200 fell 0.1 percent to 7,801.20. South Korea’s Kospi added 1.2 ...

SHARJAH / WAM The 41st edition of “Ramadan Nights” exhibition kicked off last week and is slated to run until April 10. Organised by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI), the 21-day event features massive discounts of up to 75 percent on a wide variety of products offered by over ...

DUBAI / WAM As part of the ‘Ramadan In Dubai’ campaign, Expo City Dubai is hosting Hai Ramadan festivities, offering residents and visitors an array of distinctive cultural and traditional experiences, family-friendly activities, delectable iftars and suhoors, and vibrant artisanal markets. Expo City Dubai is once again home to the Iftar Cannon, with a single shot fired to notify everyone ...

DUBAI / WAM More than 100 of the world’s leading travel technology companies will be exhibiting at Arabian Travel Market (ATM) 2024, which will take place at Dubai World Trade Centre (DWTC) in the UAE from May 6-9. ATM 2024’s sold-out Travel Tech space will be 56% bigger than last year with 33% more exhibitors participating this year, thanks to ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Mohammed Shahabuddin of Bangladesh on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice ...

ABU DHABI / WAM SeaWorld Yas Island, Abu Dhabi, the region’s first Marine Life Theme Park, has won a coveted place in the Guinness World Records as the “Largest Indoor Marine-Life Theme Park” in the world. The certificate was presented to Mohamed Abdalla Al Zaabi, Group CEO of Miral, and the SeaWorld Abu Dhabi leadership. This milestone comes less than ...

ABU DHABI / WAM National Experts on Tuesday announced that it has begun receiving applications for the fourth edition of the National Experts Programme (NEP). The application window will remain open until April 30. Established in 2019, NEP serves as a launchpad for Emirati technical experts who are poised to play a transformative role in future growth sectors aligned with ...