Dubai’s Emirates enters codeshare deal with US flag carrier United Airlines
Dubai’s long-haul operator Emirates Airline has entered a deal with American carrier United Airlines to expand its market presence and boost passenger access to hundreds of new destinations. The “historic” commercial agreement will see Emirates passengers bound to three major business US hubs – Chicago, San Francisco and Houston – easily connect onto United flights […]
Memphis Pharmaceutical’s approves loan from ADIB to settle $15.83mln debt
The board of directors of Memphis Pharmaceutical (MPCI) approved the financing package provided from Abu Dhabi Islamic Bank (ADIB) to settle the EGP 300 million debts of El-Gomhouria Company for Drugs, according to a statement published on September 14th. El-Gomhouria for Drugs’ debts have reached EGP 294.29 million so far. Memphis is one of […]
UAE: Collaboration, not competition, creates wins for neobanks, say CEOs
Digital banking apps are shaking things up and introducing a seamless, cost-effective, and flexible way of accessing financial services to customers in the UAE. Although some of the worst pandemic forecasts have not yet materialised, banks continue to face long-term revenue pressure and tighter competition. The opportunity to fast-track banking transformation has never been […]