Quiet and not-so-quiet luxury at Paris Fashion Week
PARIS, FRANCE - The Paris Fashion Week menswear shows draw to a close on Sunday. Here are some of the highlights...Business Economy
Bahrain and Slovakia to ramp up cooperation in urban planning
Manama, Bahrain-- Bahrain and Slovakia are looking to ramp up the ongoing cooperation in urban planning and sustainable development.In this...Business Economy
ADGM meet promises development
This was the first meeting of ADGM’s new Board of Directors.The board members reiterated their commitment to progressing ADGM’s growth journey, and strengthening the financial sector
They said they were also looking to attract global companies and investments, and develop a business environment underpinned by innovation
Abu Dhabi adds 11 new activities to list of Freelance Professional License
The license allows Abu Dhabi citizens, residents, and non-residents to conduct commercial activities from anywhere in the world.To obtain the license, the applicant must have a minimum of three years of experience in the specific field or industry
Alternatively, they are expected to have earned an academic or professional achievement in that field
Value via sustainability gives firms an edge
A sustainability-focused company strategy boosts brand value and efficiency, matches customer demands, attracts top personnel, and opens new doors.A McKinsey Global Survey reveals that organizations can become sustainable simply by adopting a set of management strategies
As per the respondents, organizations are now also likelier to prioritize sustainability and define specific goals and objectives
Emaar property sales at $5.7bn
Emaar Development sales were AED20.943 billion in Jan-Sept 2021.The $5.7-billion property sales revenue was said to be an increase of 382 percent compared to the first nine months of 2020
The build-to-sell property development business is majority-owned by Emaar Properties
Israeli weapons-maker Elbit Systems launches UAE venture
Israeli weapons-maker Elbit Systems launched a new venture in the United Arab Emirates on Sunday, an announcement that comes ahead...Elbit Systems is the manufacturer of the Hermes armed drone and cutting-edge surveillance technology.
Israeli air force commander Amikam Norkin was in the UAE over the weekend to attend the Dubai Airshow
Qatar Islamic Bank named world’s second strongest Islamic bank
The Qatar Islamic Bank (QIB) has been ranked as the "Fourth Strongest Bank in the Middle East" and "Second Strongest...Financial services company The Asian Banker also ranks QIB as the "Fourth Strongest Bank in the Middle East".
QIB has recently posted a net profit of QR2.5 billion ($686 million) for the first nine months of 2021.
UAE rich reset life goals after Corona but find confidence shaky: Survey
About 88 percent of the affluent people in the UAE have reset their life goals following the Corona pandemic, and...The 'confidence gap' is more pronounced among the emerging affluent, according to Standard Chartered survey.
Volatility in financial markets and fear of poor returns on investments are the major causes of low confidence.
Airbus takes off with big order of 255 aircraft on first day of Dubai Airshow
Airbus came out strongly at the Dubai Airshow on Sunday with a group order for 255 single-aisle A321 aircraft, marking...The total cost of the order was not disclosed, but list rates are rarely applied to large deliveries.
Hungarian low-cost carrier Wizz Air will receive 102 aircraft, American Frontier Airlines will receive 91, while 39 will go to Mexico's Volaris and 23 to Chilean JetSMART.
DONIA: UAE Central Bank’s new transactions index to start from 7 Dec
The Central Bank of the UAE (CBUAE) will publish a new index for actual overnight funding transactions denominated in UAE...Dirham Overnight Index Average (DONIA) is computed as a volume-weighted money market rate for all actual overnight funding transactions of AED10 million or above.
It would be published on UAE official working days by 09:30 hours local time on the CBUAE’s website and via Bloomberg and Refinitiv Eikon.
AD Ports 9M revenue up by 22 percent
The rise is attributed to volume growth, business diversification.EBITDA rose 7 percent year-on-year to AED1.161 billion during this period, up from AED 1.081 billion during the same period in 2020.
General cargo volumes rose to 37 million metric tonnes in year-to-date September 2021, up from 22 million metric tons in the same period in 2020.
