RAK tourism authority named one of UAE’s best workplaces
Ras Al Khaimah Tourism Development Authority (RAKTDA) has further added to its credentials as an employer of choice with a top ten ranking on the Best Workplaces List of 2022 – Small & Medium Organisations. Awarded by the Great Place to Work, the global authority that recognises high-trust, high-performing workplace cultures, RAKTDA is the category’s […]
IMF revises upwards UAE growth, warns of setback to global recovery
The International Monetary Fund (IMF) on Monday revised upward the economic growth outlook for the UAE in 2022 and warned that damage from Russia’s invasion of Ukraine will set back global recovery and contribute to a significant slowdown in worldwide growth this year. The IMF now estimates that the UAE’s economy grew 2.3 per cent […]
Emirates Airline Festival of Literature flying high with record results for 2022
The Emirates Airline Festival of Literature is celebrating the success of its 14th edition, which showed recovery from the pandemic and record numbers of competition entries. In total, more than 105,000 people engaged with the Festival, in person or through its virtual offering. Over the 11 days of the Festival, a total of 181 authors […]
FAB teams up with IBM to hasten digital transformation
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has teamed up with IBM Consulting to support the bank’s ongoing digital transformation journey. IBM will work to enhance FAB’s digital platforms in a hybrid cloud environment to help deliver a seamless digital experience to the […]
Dubai’s DEWA implements Smart Grid Strategy to keep pace with rapid changes
Dubai Electricity and Water Authority (DEWA) is implementing its updated Smart Grid Strategy 2021-2035, which features a high standard of resilience and agility that keeps pace with development and rapid changes to ensure the continuity of the organisation’s excellence and global leadership. Saeed Mohammed Al Tayer, MD and CEO of DEWA, praised the team’s efforts, […]
Wizz Air Abu Dhabi launches 20% discount promotion
Wizz Air Abu Dhabi, a low-cost national airline of the UAE, has announced a promotion with 20 percent off selected flights from and to Abu Dhabi until the end of August for bookings made between April 18 and 19. The airline aims to capitalise on the increasing demand for travel during Eid and providing its […]
NMDC’s unaudited profits up 38% in Q1-22
The net profits attributable to the shareholders of National Marine Dredging Company (NMDC) jumped by around 38% to AED 65.38 million in the first quarter (Q1) of 2022 from AED 26.54 million in Q1-21, according to the company’s unaudited financials for the three-month period ended 31 March 2022. The company’s revenues increased to AED 1.55 […]
Air Arabia Abu Dhabi to launch Chennai flights
Air Arabia Abu Dhabi, a low-cost carrier based in the UAE capital, will introduce a new service to Chennai in India from April 27. Adel Al Ali, Group CEO, Air Arabia, said the new service between Abu Dhabi and Chennai allows travellers to explore the city’s rich history. “The addition of this new route falls […]
Mubadala names new CEO for Abu Dhabi Investment Council
Mubadala Investment Company has appointed Mohamed Ali Al Dhaheri as the next CEO of its portfolio company, Abu Dhabi Investment Council (ADIC) replacing Eissa Al Suwaidi, who retires in June. Al Dhaheri is currently the Deputy CEO of the council. Al Suwaidi retires after 40 years of service to Abu Dhabi’s major financial institutions. He […]
Ajman Chamber membership tops 58,000 during 2021
Ajman Chamber of Commerce and Industry (ACCI) witnessed growth in the total number of registered members during 2021, as the total number of members reached 58,038 members, compared to 36,000 during 2020, with a growth rate of 7 percent. Commercial licenses were issued during 2021, with a total of 21,077 memberships, followed by professional memberships […]