Qatar Central Bank issues treasury bills, sukuk worth US$686m
DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...Business Banking & Finance Designated Markets
Tawazun, Airbus to establish new Abu Dhabi subsidiary
The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace...The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace manufacturing companies
According to the MoU, Tawazun and Airbus will explore potential cooperation opportunities in the areas of refueling solutions for Military Air Systems, Unmanned Aerial Systems etc
L’Oréal Middle East taps Accenture
Accenture will help L'Oréal Middle East improve its consumer experience.Accenture Interactive is expected to use its expertise in data-driven marketing transformation for L'Oréal Middle East
This, L'Oréal said, will help it develop a more precise and connected approach to increase consumer engagement in the GCC region
Epic Games pulls Fortnite from China
Fortnite’s Chinese test version was released in 2018, but it never got the permission to be formally launched and monetized.Epic had announced two weeks ago that it would shut down the Chinese version of the game on November 15
It noted back then that ‘Fortnite China's Beta test has reached an end,’ and that servers would be closed
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.
