logo
Emirates Skywards enhances partnership with Marriott Bonvoy® to offer members more rewards

Emirates Skywards enhances partnership with Marriott Bonvoy® to offer members more rewards

Al Bawaba6 days ago

Emirates Skywards has enhanced its partnership with Marriott Bonvoy to offer members the opportunity to convert Miles to Points, and Points to Miles. The strategic partnership will unlock even more rewards for 35 million members worldwide, who can now enjoy seamless conversions.The new benefit further enhances the already strong collaboration between both loyalty programmes, which currently offers Members the chance to earn twice the rewards on both flights and hotel stays. Members can earn Skywards Miles in addition to Marriott Bonvoy points for stays at participating Marriott Bonvoy hotels, and Marriott Bonvoy points in addition to Skywards Miles when flying with Emirates.Dr. Nejib Ben Khedher, Divisional Senior Vice President Emirates Skywards, said: 'Marriott Bonvoy offers one of the most fantastic hotel portfolios in the industry, and as one of the most valued and recognised loyalty programmes in the world – we're thrilled to take our partnership to the next level. Our 35 million members have benefitted from this strategic partnership for more than 10 years – earning twice the rewards on flights and hotel stays. And we've now opened a world of new rewards with the option to convert Miles to Points. This means members can redeem Points towards stays at more than 30 hotel brands and over 10,000 destinations across 144 countries and territories.At the same time, Marriott Bonvoy members can still enjoy converting Points to Miles to 'fly better' with Emirates to more than 140 destinations across the airline's extensive network. We're proud of our long-standing partnership and as two global brand leaders – we look forward to delivering more benefits, value, and the very best travel experiences for our members worldwide.'
Philip Andreopoulos, Chief Commercial Officer - EMEA, Marriott International commented: 'It is great to see our strong partnership with Emirates Skywards expand, to be able to offer our Marriott Bonvoy members more unique and diverse travel experiences, along with personalised benefits that they can access across the globe. The addition of this new benefit reflects the shared vision and collaboration between the two programmes and brings a more holistic travel experience for all of our loyal members.'
© 2000 - 2025 Al Bawaba (www.albawaba.com)
Signal PressWire is the world's largest independent Middle East PR distribution service.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE SMEs show steady optimism despite economic headwinds, says RAKBANK SME Confidence Index 2025
UAE SMEs show steady optimism despite economic headwinds, says RAKBANK SME Confidence Index 2025

Al Bawaba

time3 hours ago

  • Al Bawaba

UAE SMEs show steady optimism despite economic headwinds, says RAKBANK SME Confidence Index 2025

RAKBANK has released its latest SME Confidence Index, highlighting a promising outlook for the UAE's Small & Medium Enterprise (SME) sector. Based on insights from over 1,200 UAE-based SMEs collected between October and December 2024, the report – done in partnership with RFI Global – reveals an SME Confidence Index score of 57. Measured against a base score of 50, the findings reflect a stable and optimistic sentiment against a dynamic economic environment. The 2025 findings illustrate that UAE SMEs continue to build on the momentum of the resilience demonstrated in recent years. Despite a marginal drop in the overall Index score by 4 points from 61 in 2023 to 57 in 2024, the findings show that optimism remains steady, with over two-thirds (68%) of SMEs viewing the future business environment as favourable, and more than 60% reporting revenue growth over the past two challenges persist, including rising operational costs, corporate tax implementation, and high borrowing costs, the overall trajectory signals adaptability and optimism among SMEs in navigating the evolving business Ahmed, Group Chief Executive Officer of RAKBANK, commented on the findings, saying: 'This has been a milestone month for RAKBANK's Business Banking Group, reinforcing our commitment to the UAE's dynamic SME first launched the RAKBANK RFI SME Confidence Index in 2024, providing timely insights into SME sentiment, challenges, and growth outlook across the country. RAKBANK has also been named the UAE's Best Bank for SMEs at the Euromoney Awards for Excellence 2025, a recognition of our continued focus on enabling business a further boost to the SME ecosystem, RAKBANK and Emirates Development Bank announced a strategic AED 1 billion co-financing partnership during the 'Make it in the Emirates' forum, held under the patronage of the Ministry of Industry and Advanced and medium enterprises are the backbone of every thriving economy, and in the UAE, they play a central role in driving diversification and sustainable development. At RAKBANK, we continue to reinforce our commitment to be a trusted partner on their journey, providing the insights, tools and support they need to grow their businesses and contribute to the wider economy.'Key highlightsThe report showcases several trends shaping the SME sector in 2025. Consumer & Retail Services remain the highest-performing sector, driven by a continued rise in consumer spending and successful adoption of new business channels. The report also highlights how SMEs across industries are prioritising product innovation and market expansion as key strategies for growth in a competitive Consumer & Retail Services SMEs achieved a sector confidence score of 60, Construction & Manufacturing (57), Transport (57), and Trading (58) remained steady in confidence, while Public Services and Professional Services saw more notable declines to 56, largely due to increased costs and lower confidence in debt servicing. Key takeaways include:• Overall confidence remains above baseline: While the Index score decreased slightly to 57 from 61 in 2024, it still signals positive sentiment across the board.• Revenue growth continues: More than 3 in 5 SMEs reported an increase in annual revenue over the last two financial years.• SMEs with revenue up to AED 30 million posted the highest confidence score at 58, while larger SMEs (AED 30-100 million) dipped to 55.• Rising costs present challenges: Over two-thirds of SMEs experienced higher operational costs, while only 39% expressed confidence in meeting debt obligations, down from last year.• Digital adoption is on the rise: 22% of SMEs now sell their products or services online, and 45% use digital banking channels monthly.• Sustainability is gaining attention: 55% of SMEs are either on or planning to begin a sustainability journey, with 1 in 3 citing it as a short-term business challenges head-onWhile UAE SMEs remain optimistic, they are also navigating barriers such as increased costs of doing business, rising demand for credit, competitive pressures, and adapting to the corporate tax regime introduced in 2024. To address these issues, many SMEs are investing ambitiously in technology, operational efficiencies, and sustainability strategies aimed at long-term report further emphasises the role of financial partners in this equation, with SMEs citing tailored banking solutions as a key support system. This finding underscores RAKBANK's continued mission to empower UAE SMEs with innovative financial products, relevant market data, and strategic guidance. What's especially encouraging from the survey, is the sector's forward-looking mindset. We're seeing increased focus on entering new markets, investing in talent, and modernising payment infrastructure. At RAKBANK, we see our role as a partner in that journey, providing not just financial solutions but also the advisory support needed to help them grow with confidence.

Al Masaood Automobiles Powers Nissan's Growth Story in Abu Dhabi with Year-on-Year Growth
Al Masaood Automobiles Powers Nissan's Growth Story in Abu Dhabi with Year-on-Year Growth

Al Bawaba

time3 hours ago

  • Al Bawaba

Al Masaood Automobiles Powers Nissan's Growth Story in Abu Dhabi with Year-on-Year Growth

Following Nissan's recent announcement of strong business performance over the first nine months of its fiscal year 2024, Al Masaood Automobiles, the authorised distributor for Nissan in Abu Dhabi, Al Ain, and the Western Region, has also recorded notable growth, with Nissan sales crossing 22,000 units in the capital in Fiscal Year '24 (April 2024 – March 2025). This result highlights Al Masaood Automobiles role as a key contributor to the brand's strong regional momentum and signals sustained customer confidence in Nissan's offerings and presence in the Emirate of Abu Dhabi. The company's success comes at a time of significant shifts in the global automotive landscape. Despite an influx of new entrants to the market, fierce competition from emerging brands, and evolving trade dynamics, Al Masaood Automobiles not only maintained its leading position but achieved record sales volumes and grew its market share to unprecedented levels. This remarkable performance highlights the company's agility and resilience in an increasingly competitive environment. A key driver of this exceptional growth has been Al Masaood Automobiles' ability to deliver integrated "phygital" experiences - blending physical and digital touchpoints to provide customers with a seamless experience. By leveraging advanced technologies and data-driven tools, the company has deepened its understanding of customer preferences, allowing it to curate more personalised and memorable ownership journeys. This digitally enabled approach has complemented the strong performance of Nissan's diversified SUV lineup, which continues to resonate with today's discerning customers. In the large SUV segment, Nissan Patrol sales, across all models, grew by an impressive 34% compared to the same period last year, reinforcing the model's iconic status in the capital. Meanwhile, in the core retail crossover segment - the Nissan X-Trail and KICKS combined sales surged by 33%, underscoring rising demand for versatile, family-ready vehicles that suit both urban and adventurous lifestyles. Irfan Tansel, Chief Executive Officer of Al Masaood Automobiles, said: 'What makes the growth we've achieved at Al Masaood Automobiles Nissan even more remarkable is that, in the face of intense market competition, a surge in new market players, and a year defined by global shifts in the automotive landscape, we didn't just hold our ground—we expanded it. In fact, we recorded our highest-ever sales volumes, pushing our market share to unprecedented levels. Our growth reflects the trust our customers place in us, the dedication of our teams to offering seamless and delightful customer experiences, and certainly Nissan's long enduring popularity in our market. With a diverse product lineup and a customer-first approach across sales and aftersales at Al Masaood Automobiles, we remain focused on maintaining our leading position in the industry." Beyond strong vehicle sales, Al Masaood Automobiles' aftersales services and value-packed customer experiences have also played a fundamental role in strengthening customer relationships and enhancing overall brand loyalty. As a customer centric organisation, the company has consistently prioritised understanding the evolving needs of its customers. Supporting this approach is Al Masaood Automobiles' state-of-the-art service facility - the largest in the world for Nissan, fully digitised and designed with features like an air-conditioned drive-in service receptions to offer customers a smooth and comfortable experience. By offering comprehensive and seamless ownership journeys from purchase through to maintenance and care – and across every touchpoint, Al Masaood Automobiles continues to deliver value, convenience, and peace of mind to its growing customer base. With the recent launches of the all-new Nissan Patrol, KICKS, and Magnite in the market and the strategic direction set by Nissan's global business plan, The Arc, Al Masaood Automobiles Nissan is well-positioned to sustain its growth trajectory. As customer expectations continue to evolve, the company remains committed to expanding its portfolio, enhancing customer experiences and service offerings, and investing in new technologies that elevate the mobility experience in the Emirate of Abu Dhabi.

SICO Signs a Letter of Intent with The Arab Authority for Agricultural Investment and Development (AAAID) to Boost Agricultural Investment and Food Security
SICO Signs a Letter of Intent with The Arab Authority for Agricultural Investment and Development (AAAID) to Boost Agricultural Investment and Food Security

Al Bawaba

time5 hours ago

  • Al Bawaba

SICO Signs a Letter of Intent with The Arab Authority for Agricultural Investment and Development (AAAID) to Boost Agricultural Investment and Food Security

SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the signing of a Letter of Intent with the Arab Authority for Agricultural Investment and Development (AAAID). SICO will act as the financial advisor to support AAAID's strategic initiatives by identifying and sourcing direct investment opportunities within the agricultural and food security primary objective of signing this Letter of Intent is to support AAAID's goals within the Arab and GCC region, with a particular emphasis on Bahrain and Saudi Arabia. This will be achieved by collaborating on projects for AAAID, facilitating investment through equity and/or debt financing opportunities, and engaging in business development activities. SICO's wholly-owned subsidiary, SICO Capital , will provide the agreed upon services in Saudi Al Shirawi, Group CEO of SICO, said, 'We are thrilled to announce our strategic collaboration with AAAID. By leveraging our expertise in investment sourcing, acquisition advisory, capital-raising, and joint ventures, we aim to drive value and promote sustainable growth within the agriculture sector. Together, we are committed to making a significant impact on the agricultural industry and ensuring a secure and sustainable future.'HE. Dr. Obaid Al Zaabi, Chairman of AAAID, stated, 'This collaboration aligns with our strategic vision to enhance our capabilities, enabling us to equip our projects with the necessary tools and information to achieve our ambitious goals and aspirations. By capitalizing on SICO's extensive expertise in the industry, we are well-positioned to identify and execute high-impact projects that will drive sustainable growth. Our collaboration will focus on innovative solutions and strategic investments that address the unique challenges of our region.' Through this collaboration, SICO will provide acquisition advisory services, including due diligence, valuations, and transaction structuring and execution support. Additionally, SICO will assist in capital-raising activities for AAAID's invested companies and explore joint venture opportunities. The partnership will emphasize promoting sustainable agricultural practices and enhancing food security resilience across the region.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store