business

  • Turkish Airlines, that flies to the most countries of the world, has added Krasnodar to its flight network as the 303rd destination

    Krasnodar has become the 10th destination of the flag carrier which operates its flight to Moscow, St. Petersburg , Sochi, Rostov, Kazan, Ekaterinburg, Voronezh, Samara and Ufa in Russia currently .

  • Turkish Airlines, ZTO Express and PAL Air Ltd. SIGN FOR A GREAT PARTNERSHIP

    The media briefing and signing ceremony of the joint venture between Turkish Airlines’ Turkish Cargo successfully representing Turkey all around the world, Chinese cargo giant ZTO and Hong Kong based PAL Air Ltd. took place today in Istanbul.

  • Turkish Airlines’ Load Factor reached to 83.4% in September

    Turkish Airlines has recently announced the passenger and cargo traffic results for September and left behind a month of high load factor with 83.4% performance. On top of the strong base effect of September 2017, growth in the number of passengers, revenue per kilometer and load factor, is an important indicator of the continued growing interest in Turkey and Turkish Airlines.

  • Turkish crisis spreading into other markets

    The Turkish Lira resumed its drop early Monday touching a new record low of 7.21 per dollar before recovering slightly during Asia trade. Comments from President Recep Tayyip Erdogan and Finance Minister Berat Albayrak over the weekend that a plan would be revealed today to calm the markets failed to restore confidence. 

  • Turkish Health and Medical Tourism Expected to Top 1 Million in 2019

    Medical tourism to Turkey from Bahrain, Kuwait and the United Arabi Emirates (UAE) significantly increased since the beginning of 2018 as Turkey’s international reputation as a high-quality medical services provider to global patients.

  • Turkish Lira plummeting further into crisis ensures a brutal conclusion to eventful week

    Emerging market currencies are ending the week with a brutal sea of red across the board, with consistent losses throughout Asia, while the South African Rand and Turkish Lira are leading the way with losses within the EMEA. The Rand dived more than 1.10% on a lack of risk appetite, whereas the Turkish Lira is the talk of the town after plunging an astonishing 10%.  

  • TURN8 forms a new Venture Capital Fund

    Dubai-based TURN8 has launched $60 million Venture Capital Fund for technology innovation. TURN8 Innovation Fund I L.P. makes TURN8 one of the largest providers of seed capital in the region catering to the global startup eco system.

  • Turner EMEA Appoints Pierre Branco to Lead Middle East Operation

    Turner EMEA today announced a significant internal promotion with the appointment of Pierre Branco to the role of SVP & GM, Northern Europe and MENAT, in an expansion of Branco’s remit to include the Middle East, Northern Africa, Turkey and Cyprus businesses.

  • TÜV Rheinland’s new engineering solutions to ensure safety of oil and gas assets

    Whether power plants, industrial plants, pipelines, or offshore wells - all these industries depend on technical systems and individual components – and particularly components that are exposed to major stresses such as high pressure, extreme temperatures, rapid load cycles, and corrosion. For operators of these systems and plants, it is important to predict how long the various components can resist such stresses without endangering people or the environment.

  • Tuwaiq announces strategic business collaboration & affiliate agreement with Orlando Limo Tours

    Tuwaiq, a leading travel agency which falls under by Al Basel Group of Companies, has announced a strategic business collaboration with Orlando Limo Tours, a leading executive, tailor-made transportation services provider based in Orlando, Florida. Per the terms of the agreement, the partnership will provide luxury travel and transportation solutions to companies as well as individual clients in the USA and the GCC.

  • Two Million Man Hours Worked with Zero Lost Time Accidents Celebrated by Al Naboodah

    Al Naboodah Construction Group (ANCG), a subsidiary of Al Naboodah Group Enterprise, one of the UAE’s oldest and most respected family conglomerates, yesterday celebrated achieving two million man hours worked without a lost time accident at its expansive site in the Al Satwa District.

  • Tyred of same old car service? Stop & Go chauffeur will keep you moving

    The days of dropping your car at the garage and feeling stranded or thinking of how much time you’re wasting are now in the past thanks to Pirelli and Stop & Go.

  • U Spa by Constance Launches Brice Nicham’s Renowned Treatments at Three Additional Properties in the Maldives and the Seychelles

    Travellers to Indian Ocean paradises can look forward to treating themselves to the special cares by acclaimed podiatrist Brice Nicham. New manicures and pedicures are coming to U Spa by Constance this summer, a brand-new indulgence for three Constance Hotels and Resorts destinations located in the Seychelles and Maldives. Guests arriving at Constance Halaveli in the Maldives or Constance Ephélia in the Seychelles can start the pampering right away, as the treatments launched just last month in June. Constance Lémuria in the Seychelles will be including the treatments on their menu as from September.

  • UAB Reports Financial Results for the Three Months to 31 March 2017

    United Arab Bank P.J.S.C ("UAB" or “the Bank”) reports its Financial Results for the Three Months to 31st March 2017.

  • UAB Reports Financial Results for the Twelve Months to 31 December 2018

    United Arab Bank P.J.S.C ("UAB" or “the Bank”) reports its Financial Results for the Twelve Months to 31st December 2018.

    UAB reported a Net Profit of AED77m in 2018 which represents an increase of 345% compared to 2017 as the successful execution of its Transformation Strategy paved the way for a return to sustainable profitability.  UAB embarked on its journey to become a safer, stronger and sustainable Bank. Central to this Transformation Strategy were four key pillars: pro-actively deleverage higher risk non-core portfolios; reduce costs; enhance the Bank’s risk and control frameworks; and strengthen key banking fundamentals.

  • UAE -Malaysia Business & Investment Forum kicks off in Kuala Lumpur

    His Excellency Engr. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, said that the business and investment relationship between the UAE and Malaysia is established on a strong base given the similar trends and drivers of economic growth in both countries, including manufacturing, new technologies, service and international trade sectors, innovation, research and development, as well as open trade policies and a strong small and medium enterprises (SMEs) sector in both countries.

  • UAE -Norwegian Partnership Ensures Cutting-Edge Services for the Arabian Gulf

    Space Imaging Middle East (SIME) andKongsberg Satellite Services (KSAT) have joined forces to provide industry leading Maritime Monitoring services to end users in, and around the Arabian Gulf. The combination of 20 years operational experience and unmatched local expertise will be a significant contribution to Maritime Domain Awareness in the region.

  • UAE a Thriving Hub for Entrepreneurs

    The United Arab Emirates (UAE) continues to serve as a hub for business innovation with a new study showing that the number of LinkedIn members noting entrepreneurship as their core job function nearly doubled in the past year. Moreover, the UAE is gaining the highest percentage of LinkedIn members identifying entrepreneurship as their job function from other countries within the Middle East.

  • UAE and Mexico seek ways to enhance trade and economic cooperation

    The Capital of Mexico City hosted recently a high-profile roundtable meeting between the UAE and the Republic Mexico.

  • UAE and New Zealand discuss ways to strengthen economic ties

    H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy (MOE), affirmed that the economic relations between the UAE and New Zealand continue to grow and are expected to develop further as the two countries aspire to strengthen cooperation in a number of economic sectors of common interest and prioritized within their respective development plans.