Dubai / Emirates Business As a leading financial institution, Mashreq continues to be recognized in the global banking space, winning three of the foremost industry awards in 2016 — Best Retail Bank UAE, Best Digital Bank UAE and Best Customer Experience UAE. These were all conferred from The Global Banking and Finance Review which recognizes the financial institutions around the ...
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Revelries that pay tribute to a mother’s love
Emirates Business Health, teamwork, persistence and overcoming hurdles encompass the enthralling and exhilarating tenets of the Active Zone in the upcoming Mother of the Nation festival, which marks reverence to all mothers and their focus on developing healthy families and encouraging teamwork. Organised by Abu Dhabi Tourism & Culture Authority and being held along the Abu Dhabi Corniche Beach from ...
Read More »Marka to tie up with Japan beauty brand
Emirates Business Marka PJSC, the first public joint stock retail operator in the UAE, announces a strategic partnership with Shiseido, the leading Japanese Beauty brand, marking the launch of the region’s first Shiseido Beauty Boutique, located at Dubai’s premier outdoor retail space, City Walk Phase II due to open in Q2 of 2016. Nick Peel, Marka’s CEO, commented, “It’s an ...
Read More »Cost of living expected to increase in Qatar: Survey
Emirates Business Majority of respondents in Qatar (nearly 60 percent) expect business conditions to improve in the next year, while 43 percent expect the country’s overall economy to improve in the near future, according to a latest survey. When it comes to the cost of living in the next six months, 71 percent of respondents expect it to increase, while ...
Read More »Why Obama got fundamentals of American foreign policy right
Ronald Dworkin, the legal philosopher who died in 2013, famously used a metaphor once to explain the core of his thinking on the philosophy of law. In the context of American common law and constitutional interpretation, Dworkin analogized the role of judges as the writers of a “chain novel.†The law, per Dworkin, was a collective novel, composed by a ...
Read More »Contested convention may deepen Republican chaos
The anti-Donald Trump brigade is banking on defeating him this week in Ohio, and possibly Florida, paving the way for an “open†convention that would deny him the Republican presidential nomination and avoid what it believes would be a general election debacle. This is an uphill climb under any scenario and probably impossible if Trump wins both states on Tuesday. ...
Read More »Stocks rally wins fans as Central Banks lift credit; oil goes south
BLOOMBERG Investors are gaining confidence that March’s rally in equities and credit markets has further to run. The Stoxx Europe 600 Index and the MSCI Asia Pacific Index were on course for the highest closes in two months. Shares in Egypt extended the longest rally since December after the country’s central bank devalued its currency, and thawing credit markets enabled ...
Read More »Emirates Securities Market up by 0.04percent
ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.04% to close at 4492.97 points. Accordingly the Market Capitalization has gained AED 308.96 million attaining AED 728.82 billion. A total of 0.79 Billion Shares were traded with a total value of AED 1.19 billion during the trading session of 14-03-2016 through 10559 transactions. The number of companies which ...
Read More »IFM offers 21pc premium to increase Vienna airport stake
VIENNA / Bloomberg IFM Global Infrastructure Fund offered to pay a 21 percent premium to increase its stake in Vienna International Airport as the Australian private-equity investment company seeks stable income from infrastructure operators amid a drop in interest rates. IFM plans to pay 100 euros a share to lift its holding in Flughafen Wien AG (Vienna International Airport) to ...
Read More »Zhejiang Cainiao attracts GIC, Temasek as investors
BEIJING / AFP Alibaba Group Holding Ltd.’s delivery affiliate attracted investments from Malaysia and Singapore, including Temasek Holdings Pte, in its first round of external fundraising since its creation in 2013. Zhejiang Cainiao Supply Chain Management Co. also gained funding from GIC Pte. and Khazanah Nasional Bhd to bankroll its expansion, according to an e-mailed statement on Monday. The company ...
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