“This initiative is in line with our vision of sustaining and supporting tourism, especially in the exceptional and urgent circumstances that currently face the sector,” Ali Al Shaiba, executive director of the tourism and marketing sector at DCT Abu Dhabi, said.
“This decision supports partners and stakeholders in revitalising the tourism sector and ensuring that it recovers from the effects of the Covid-19 pandemic, providing hotel and tourism facilities with the opportunity to develop and improve their experiences and products.
The UAE recorded the second-highest occupancy rate in the world after China last year, according to data published on Saturday by the World Tourism Organisation and Emirates Tourism Council .
It will develop products to bridge gaps in personal and business banking and will help the savings [and] investment goals of both Emiratis and expats alike , he said.
The licence granting follows the launch of the UAE s first independent digital bank, known as Zand, on Monday.
Zand also plans to focus on retail and corporate clients.
ADQ, the conglomerate that owns Abu Dhabi government stakes in a range of businesses, said last year it planned to set up a digital bank in the UAE using a legacy banking licence held by First Abu Dhabi Bank.
A Boston Consulting Group survey that polled more than 2,000 respondents in the UAE last year found that 87 per cent would be willing to open an account with a branchless, online bank.
Three year ban for man, 20, who was over twice the legal limit for driving A 20-year-old man who drove a friend’s car after drinking has been banned from driving for three years. Conor Maguire, with an address of Edenclaw Road, Drumcahy, Ederney was convicted of driving with excess alcohol in his breath and having no insurance. On February 27, 2021 at around 2.30pm police responded to a report of a suspected drink driver in a Volkswagen Golf in the Cornagrade Road of Enniskillen. They located the car and stopped the defendant who failed an initial preliminary breath test. He was taken into custody where he gave an evidential reading of 85mg per 100ml of breath, over twice the legal limit.
SHARE
The holding company of Saudi Arabia s biggest contractor made two senior-level appointments as part of its ongoing restructuring.
Binladin International Holding Group appointed Balaji Prasad as group chief financial officer and Roberto Liuzza as group chief organisation excellence officer.
The pair are among recent appointments made at a senior level to overhaul the organisation s governance and operations , the company said in a statement on Sunday.
The new hires follow on from the recruitment over the past 12 months of Ahmed Al Sanie as group managing director, Abdulrahman Bajunaid as chief executive of real estate and Samer Khawashki as chief executive of investments, it added.