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ALKESH SHARMA / EMIRATES BUSINESS Enthused by the huge capital inflow and enhanced shopper expenditure on mobile devices, software and related services, the annual spending on mobility across the Middle East, Turkey, and Africa (META) region is expected to reach a whopping $185 billion by 2019. This constitutes a 10.2 percent share of worldwide enterprises and individual consumer spending that ...

RITIKA SHARMA EMIRATES BUSINESS Mashreq, one of UAE’s leading financial institutions, was selected ‘Best Private Bank for Super Affluent Clients in the UAE in the prestigious Euromoney’s 13th annual private banking survey for 2016. “Awarding Mashreq with the prestigious title of ‘Best Private Bank for Super Affluent Clients in the UAE’ reflects our position as a key player in the ...

ABU DHABI / WAM Abu Dhabi Islamic Bank(ADIB), a leading financial services group, has acted as the exclusive sell side advisor to Egon Oldendorff GmbH & Co. KG, part of the Oldendorff Group, the bank announced. Oldendorff is one of the world’s largest dry-bulk operators, ADIB acted on the full sale of its subsidiary Emirates Ship Investment Company LLC.

Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Airports reported an 8.7% increase in passenger traffic at Abu Dhabi International Airport (AUH), for February 2016, compared to the same month last year. A total of 1,863,942 people traveled through AUH last month, exceeding February 2015’s figure of 1,715,540. “We continue to see year on year growth in passenger numbers traveling through ...

DUBAI / EMIRATES BUSINESS Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has received Arun Kumar, Assistant Secretary of Commerce for Global Markets and Director-General of the US and Foreign Commercial Service, and Vinay Vijay Singh, Senior Advisor for Global Markets, at his office to discuss trade and economic relations.

DUBAI / WAM Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum unveiled the official logo of Dubai Expo 2020 at an event held at The Dubai Fountain at the Dubai Mall. The logo launch event was attended by Dubai Crown Prince HH Sheikh Hamdan bin Mohammed ...

DUBAI / EMIRATES BUSINESS Abu Dhabi Municipality on Sunday handed over around 60 percent of a batch of communal houses, recently ordered by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for nationals. Last week, HH Sheikh Mohamed ordered the handing over of 1463 houses and ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, on Sunday met Frank Mollen, Ambassador of the Kingdom of the Netherlands to the UAE. The meeting was attended by Lucille Merks, Deputy Head of Mission at the Netherlands Embassy, and Tareq Al Marzouqi, Director of Government Communication, Minister of Economy. During the meeting, they discussed cooperation between ...

Abu Dhabi / WAM The General Civil Aviation Authority (GCAA) said that investigations into the cause of the flydubai crash are still examining the collected data related to the crew, aircraft, maintenance, ATC and weather, as well as the aircraft wreckage of the crashed flydubai Boeing 737-800. Saif Mohamed Al Suwaidi, GCAA Director-General said, “Before the data is fully examined, ...

Dubai / Emirates Business As part of its commitment to Dubai’s smart city vision, Dubai Trade, the premier cross-border trade facilitator, has partnered with Nakheel to offer its ‘Rosoom’ online payment services to the developer’s 45,000 customers. The partnership allows Nakheel customers to use ‘Rosoom’ as a convenient, online payment system to pay service charges for owner associations, community management ...