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Air Arabia launches direct flights between Sharjah and Vienna

SHARJAH, 25th June, 2019 (WAM) -- Sharjah-based Air Arabia on Tuesday announced the launch of direct flights between Sharjah and Vienna, capital of Austria, starting 15th September, 2019.

The non-stop six-hour flight to Vienna, popularly known as the ‘City of Music’, will initially operate four times a week, on Sundays, Wednesdays, Fridays and Saturdays, and will increase to daily flights starting mid-December.

Flights"...

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Revealed: the best car brands for UAE customer serviceJune 26, 2019

GMC ranks highest when it comes to customer service among mass market brands in the UAE with a score of 809, according to a study by analytics firm JD Power.

Nissan ranks second with a score of 804, while Mazda ranks third with a score of 799, revealed the JD Power 2019 UAE Customer Service Index (CSI).

It also showed that Cadillac ranks highest in customer service satisfaction among luxury brands with a score of 853, followed by Porsche with a score of 848, and Land Rover with a score of 841.

The"...

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400 UAE investors granted gold card permanent residencyJune 26, 2019

Four hundred people have so far been granted the gold card residency visas, Major General Mohamed Ahmed Al Marri, director general of the General Directorate of Residency and Foreigners Affairs (GDFRA) in Dubai, announced.

Al Marri, speaking at a press conference on Tuesday, said the GDFRA plans to issue a further 6,400 gold card visas by the end of the year. The first batch of investors would hold total investments of AED100 billion ($27 billion).

The UAE's new permanent visa is intended to generate foreign investment and attract top engineers, scientists, and star"...

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Etihad Airways to launch seasonal flights to Alexandria

Etihad Airways is preparing to launch seasonal summer flights from Abu Dhabi to the historic Egyptian city of Alexandria, one of oldest continuously-inhabited locations in the world, and which was home to the Great Library of Alexandria and the Pharos Lighthouse.

The famous coastal city is also a convenient gateway for many of the Egyptian expatriates living in the UAE and planning to return home during the summer holidays. Between July 2 and August 31, the Airbus A320 flights will depart Abu Dhabi at 2.15pm every Tuesday, Thursday, Saturday and Sunday, arriving in Alexandria at 4:00pm. Return flights will depart Alexandria at 4:50pm, arriving back"...

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RAKBANK repays US$800 million bond

RAS AL KHAIMAH, 25th June, 2019 (WAM) -- The National Bank of Ras Al Khaimah, RAKBANK, has announced the repayment of the outstanding nominal amount of US$681.67 million on its RAKFunding Cayman Ltd. 5-year US$800 million bond matured on 24th June 2019.

RAKBANK had issued US$500 million bond earlier this year in April 2019 through RAKFunding Cayman Ltd.

Proceeds from the issue along with other internal sources were used to pay back the bond maturing in June 2019, the bank said in a statement.

RAKBANK"...

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ADNOC Group CEO participates in Bloomberg Emerging and Frontier Forum

LONDON, 25th June, 2019 (WAM) -- Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO, participated, today, in the inaugural 'Bloomberg Emerging and Frontier Forum', which brought together global financial policymakers in a dialogue on the key economic issues related to growth in emerging and frontier markets.

Speaking during the day-long forum which was opened by Michael Bloomberg, founder of Bloomberg L.P. and Bloomberg Philanthropies, Dr. Al Jaber began his remarks by noting that stability and energy security are paramount to economic growth.

'As"...

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SDIC appoints Sharpoorji Pallonji for Abu Dhabi development

Saadiyat Development and Investment Company (SDIC) has officially announced the appointment of Shapoorji Pallonji Middle East as the main contractor for the Dh1.5 billion Qaryat al Hidd development on Saadiyat Island.

Sharpoorji Pallonji joins international construction and real estate consultants Drees & Sommer, lead international design consultants B+H Architects Corp, and lead international architectural and engineering multi-disciplinary consultants Khatib & Alami, who have all previously been awarded contracts to provide project management and architecture expertise.

The"...

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