Business and economics news in UAE and around the world.
The European Central Bank (ECB) has gone ahead with its plan to raise interest rates by 50 basis points, in spite of the recent market turmoil caused by the collapse of Silicon Valley Bank (SVB) in the United States. The bank, which serves 20 countries that share the euro, has been increasing rates at a …
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Commercial Bank of Dubai (CBD) has partnered with PwC’s Academy to launch a transformative Digital Accelerator Programme that aims to equip its employees with the necessary digital competencies to drive innovation, enhance their skills and bring their creative solutions to life. The programme is designed to invest in CBD’s employees, fueling their potential to shape …
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The United Arab Emirates (UAE) and India are set to strengthen their trade ties in the ceramics industry, following the success of the CBIS Dubai Roadshow 2023. The event, organized by Emerald Worldwide Connections Private Limited, aimed to connect premier ceramic manufacturers from India with potential buyers in the UAE, in order to facilitate and …
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Etisalat by e&, the telecom company that recently rebranded from Etisalat Group, has announced the launch of a new Mobile Security Operation Centre (MSOC) in partnership with the UAE Cybersecurity Council. The MSOC will provide real-time protection services for business customers, safeguarding mobile phones from malicious attacks such as viruses and disruptive software that can …
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Adnoc Distribution, the UAE’s largest fuel and convenience store retailer, has approved a dividend payment of Dh1.285 billion for the second half of 2022, following a strong financial performance. The dividend payment was announced after the company reported earnings before interest, tax, depreciation, and amortization (EBITDA) of Dh3.52 billion, a 15% increase year-on-year, and a …
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