Economy of the United Arab Emirates

NOVA Chemicals Names New Chairman of the Board

Retrieved on: 
Tuesday, February 18, 2020
Nova Chemicals, Mubadala Investment Company, Calgary, Companies, Suhail Al Mazroui, Economy of the United Arab Emirates, Economy, International Petroleum Investment Company

Calgary, Alberta, Canada, Feb. 18, 2020 (GLOBE NEWSWIRE) -- CALGARY, Alberta - NOVA Chemicals Corporation (NOVA Chemicals) today announced the appointment of Musabbeh Al Kaabi, Chief Executive Officer, Petroleum & Petrochemicals for Mubadala Investment Company to the position of Chairman, NOVA Chemicals Board of Directors.

Key Points: 
  • Calgary, Alberta, Canada, Feb. 18, 2020 (GLOBE NEWSWIRE) -- CALGARY, Alberta - NOVA Chemicals Corporation (NOVA Chemicals) today announced the appointment of Musabbeh Al Kaabi, Chief Executive Officer, Petroleum & Petrochemicals for Mubadala Investment Company to the position of Chairman, NOVA Chemicals Board of Directors.
  • Faris Al Mazrui, Head of Moscow Office,Mubadala Investment Company, and Tim Breen, Executive Director, Technology, Mubadala Investment Company, have also joined NOVA Chemicals Board of Directors.
  • NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life safer, healthier and easier.
  • NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is wholly-owned ultimately by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates.

Emirates NBD Boosts AED 1 Billion Digital Transformation With New Milestone in Core Banking System Upgrade

Retrieved on: 
Monday, December 30, 2019
Emirates NBD, Companies, Economy of the United Arab Emirates, Airlines, Emirates, Dubai, Tanfeeth, Mashreq

The global initiative is the bank's biggest in its ongoing AED 1 billion digital transformation that will enter its fourth and final year in 2020.

Key Points: 
  • The global initiative is the bank's biggest in its ongoing AED 1 billion digital transformation that will enter its fourth and final year in 2020.
  • Abdulla Qassem, Group Chief Operating Officer, Emirates NBD, said: "Emirates NBD is proud to announce the third phase of our international core banking system upgrade in Saudi Arabia, following successful launches in Singapore and the UK."
  • Emirates NBD is a major player in the UAE corporate segment and has strong Islamic banking, investment banking, private banking, asset management, global markets & treasury and brokerage operations.
  • Emirates NBD Group is a Premier Partner and the Official Banking Partner for Expo 2020 Dubai.

Jumeirah Group Adds Capri Palace in Italy to Its Expanding International Portfolio

Retrieved on: 
Friday, December 6, 2019
Jumeirah, Dubai, Economy of the United Arab Emirates, Emirates of the United Arab Emirates

In line with Jumeirah's commitment to offering exceptional culinary experiences, Capri Palace, Jumeirah is home to three of the island's Michelin stars.

Key Points: 
  • In line with Jumeirah's commitment to offering exceptional culinary experiences, Capri Palace, Jumeirah is home to three of the island's Michelin stars.
  • Capri Palace, Jumeirah is also revered as a wellness destination, with the exclusive Capri Beauty Farm upholding a loyal international following.
  • Capri Palace, Jumeirah will open for the 2020 season on April 23, 2020, bringing the existing Jumeirah international portfolio to six hotels in Europe, including Jumeirah Frankfurt, Jumeirah Port Soller, Jumeirah Lowndes Hotel, Grosvenor House Suites Jumeirah and The Carlton Tower, Jumeirah.
  • For more information on Capri Palace, Jumeirah, visit www.capripalace.com

Jumeirah Group Adds Capri Palace in Italy to Its Expanding International Portfolio

Retrieved on: 
Friday, December 6, 2019
Jumeirah, Dubai, Economy of the United Arab Emirates, Emirates of the United Arab Emirates

In line with Jumeirah's commitment to offering exceptional culinary experiences, Capri Palace, Jumeirah is home to three of the island's Michelin stars.

Key Points: 
  • In line with Jumeirah's commitment to offering exceptional culinary experiences, Capri Palace, Jumeirah is home to three of the island's Michelin stars.
  • Capri Palace, Jumeirah is also revered as a wellness destination, with the exclusive Capri Beauty Farm upholding a loyal international following.
  • Capri Palace, Jumeirah will open for the 2020 season on April 23, 2020, bringing the existing Jumeirah international portfolio to six hotels in Europe, including Jumeirah Frankfurt, Jumeirah Port Soller, Jumeirah Lowndes Hotel, Grosvenor House Suites Jumeirah and The Carlton Tower, Jumeirah.
  • For more information on Capri Palace, Jumeirah, visit www.capripalace.com

UAE Company Completes GBP 300 Million Investment in UK

Retrieved on: 
Friday, December 6, 2019
Lodging, Destinations, Travel, Vacation, LuLu Group International, Economy of the United Arab Emirates

Twenty14 Holdings, the hospitality investment arm of LuLu Group International, has completed investments of US$ 390 million in UK with the inauguration of the Great Scotland Yard in London today.

Key Points: 
  • Twenty14 Holdings, the hospitality investment arm of LuLu Group International, has completed investments of US$ 390 million in UK with the inauguration of the Great Scotland Yard in London today.
  • The historic property was acquired in 2015 for GBP 110 million, and the makeover of the hotel involved a further GBP 50 million.
  • The company currently has assets worth more than $750m spread across Europe, Middle East, UK, and India.
  • The company recently announced its entry into mainland Europe with their first hotel in Switzerland IntercityHotel Zurich Airport.

Heriot-Watt University Announces Ambitious Move To New Dubai Campus

Retrieved on: 
Monday, November 18, 2019
Dubai International Academic City, Heriot-Watt University, Dubai, Arabian Peninsula, Economy of the United Arab Emirates, Heriot-Watt University Dubai, United Arab Emirates

Dubai, U.A.E., Nov. 18, 2019 (GLOBE NEWSWIRE) -- 18 November 2019, Dubai, UAE Heriot-Watt University is building on its commitment to deliver high quality education and research in Dubai by announcing its relocation to a brand-new campus in 2021.

Key Points: 
  • Dubai, U.A.E., Nov. 18, 2019 (GLOBE NEWSWIRE) -- 18 November 2019, Dubai, UAE Heriot-Watt University is building on its commitment to deliver high quality education and research in Dubai by announcing its relocation to a brand-new campus in 2021.
  • The Dubai Knowledge Park sits adjacent to the Dubai Media City as well as the Dubai Internet City and boasts excellent transport links such as the Dubai Metro and Tramway.
  • The University operates five campuses across the UK, Dubai and Malaysia as well as an extensive range of online study programmes.
  • For more information on the courses currently available at Heriot-Watts Dubai campus visit https://www.hw.ac.uk/dubai.htm

United Arab Bank Chooses Finastra to Power Digital Transformation

Retrieved on: 
Thursday, November 14, 2019
Companies, Finastra, Dubai, Du, Economy of the United Arab Emirates, Economy

DUBAI, UAE, Nov. 14, 2019 /PRNewswire/ -- Finastra announced today, during Finastra Universe Dubai, that it has signed a transformative deal with United Arab Bank, a UAE-based bank that offers services to retail and corporate customers.

Key Points: 
  • DUBAI, UAE, Nov. 14, 2019 /PRNewswire/ -- Finastra announced today, during Finastra Universe Dubai, that it has signed a transformative deal with United Arab Bank, a UAE-based bank that offers services to retail and corporate customers.
  • Ahmad Abu Eideh, CEO at United Arab Bank, said, "Customer expectations have changed drastically over the past few years and banking customers are no different.
  • They expect their bank to offer a digital experience similar to the ones they are seeing in other areas of their lives.
  • United Arab Bank is working on delivering this level of service to all its clients both retail and corporate.

United Arab Bank Chooses Finastra to Power Digital Transformation

Retrieved on: 
Thursday, November 14, 2019
Companies, Finastra, Dubai, Du, Economy of the United Arab Emirates, Economy

DUBAI, UAE, Nov. 14, 2019 /PRNewswire/ -- Finastra announced today, during Finastra Universe Dubai, that it has signed a transformative deal with United Arab Bank, a UAE-based bank that offers services to retail and corporate customers.

Key Points: 
  • DUBAI, UAE, Nov. 14, 2019 /PRNewswire/ -- Finastra announced today, during Finastra Universe Dubai, that it has signed a transformative deal with United Arab Bank, a UAE-based bank that offers services to retail and corporate customers.
  • Ahmad Abu Eideh, CEO at United Arab Bank, said, "Customer expectations have changed drastically over the past few years and banking customers are no different.
  • They expect their bank to offer a digital experience similar to the ones they are seeing in other areas of their lives.
  • United Arab Bank is working on delivering this level of service to all its clients both retail and corporate.

Air Partner plc Opens Office in Dubai

Retrieved on: 
Monday, November 11, 2019
Economy of the United Arab Emirates, Air Partner, DMCC, Dubai

LONDON, Nov. 11, 2019 /PRNewswire/ -- Air Partner plc ("Air Partner" or "Group"), the global aviation services group, is pleased to announce the opening of its new office in Dubai as it looks to extend its offering to the Middle East and grow market share in the region.

Key Points: 
  • LONDON, Nov. 11, 2019 /PRNewswire/ -- Air Partner plc ("Air Partner" or "Group"), the global aviation services group, is pleased to announce the opening of its new office in Dubai as it looks to extend its offering to the Middle East and grow market share in the region.
  • The office, which is located in Dubai Multi Commodities Centre (DMCC), offers Air Partner's full suite of Charter solutions, comprising Group Charter, Private Jets and Freight.
  • Prior to this, he held sales and finance roles at Air Partner for five years, also in Dubai.
  • The Dubai office is the fourth Air Partner office to be opened in the last 18 months, following openings in Los Angeles in June 2018 and Houston and Singapore in early 2019, as the Group continues to invest for future organic growth.

Xpress Money's Business Solution FLEX Strengthens, Powered by Collaborations With Banks, NBFIs and Online Remittance Players

Retrieved on: 
Monday, October 21, 2019
Remittance, RAKBANK, Abu Dhabi Commercial Bank, Remit, Xpress, Money transfer, Emirates of the United Arab Emirates, Companies, Economy of the United Arab Emirates

Renowned financial institutions like Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), Kuwait Finance House (KFH), RAKBANK, World Remit and Ficanex (Canada) use Xpress Money's business solution FLEX to bring new money transfer channels to their customers and expand into new geographies.

Key Points: 
  • Renowned financial institutions like Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), Kuwait Finance House (KFH), RAKBANK, World Remit and Ficanex (Canada) use Xpress Money's business solution FLEX to bring new money transfer channels to their customers and expand into new geographies.
  • Xpress Money FLEX , a flexible and compatible solution using a proprietary API, is available to businesses within the financial services and remittance industry with an existing money transfer license.
  • Talking about the FLEX solution, Sudhesh Giriyan, CEO, Xpress Money said, "FLEX has been instrumental in catalysing our growth strategy as we continue to invest in key partnerships globally.
  • Leveraging the potential of the US$689 billion remittance industry (Source: The World Bank), Xpress Money has fostered partnerships with trusted institutions to widen the reach of its remittance solutions.