RIGA / Bloomberg A Latvian lender linked to a string of money-laundering probes was closed by the European Central Bank (ECB). Trasta Komercbanka AS, the Baltic nation’s 13th-biggest lender by assets, had its license revoked after local regulators slapped restrictions on it in January. Latvia’s Financial and Capital Market Commission, which doesn’t deem the bank systemically important, said the move ...

SUnaina Rana / EMIRATES BUSINESS As Ralph Nader said — the function of leadership is to produce more leaders, not more followers — the same principle is followed by US-based Young Presidents Organisation (YPO). Founded in 1950, YPO today provides 23,000 peers and their families in more than 130 countries with access to unique educational and networking experiences designed to ...

Our Correspondent / EMIRATES BUSINESS Dulsco, a regional leader in human resource solutions and waste management services, has touched the 80 year milestone in 2015. Dulsco was set up in 1935 as a stevedoring company. During its initial years of operation, the company used to provide stevedoring services to ships at the anchorage and barges. By the 1970s, and with ...

Dubai / WAM The Dubai Financial Market (DFM) General Index increased by 8.1% to 3,240 points at the end of February compared to 2,998 points at the end of January. At the sectorial level, indices of seven sectors out of nine sectors represented on DFM ended the month in the green with the Real Estate and Construction sector index increasing ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) won three awards at the Smart Cities Summit and Awards 2016 during the World CSR Day activities in Mumbai, India. DEWA won in the Best Smart City Initiative category for their Green Charger Initiative, in addition to winning the Configuration and Deployment of Smart City Infrastructure 2016 category for its Dubai ...

Dubai / WAM Emirates Airline and Russian carrier S7 Airlines on Thursday announced an enhanced partnership which is set to improve connectivity and benefits for customers across Russia. Emirates and S7 Airlines have been in an interline partnership since 2003 which was further enhanced in 2008. The new codeshare deal further builds on this strong partnership and sees the Emirates ...

Abu Dhabi / WAM Arab Trade Financing Programme (ATFP), a specialised multi-Arab financial institution with a mission to promote Arab trade and to increase the competitive capabilities of the Arab producers and exporters, approved requests for financing eligible trade transactions of goods of Arab origin and associated services for member States at the value of US$246 million in the fourth ...

RITIKA SHARMA Emirates Business Lights, camera and action! Given the number of Hollywood and Bollywood movies shot here, the world is well aware of the potential and the appeal of the Emirates capital as a hotspot for the film and television industry. The best part is — the authorities recognise it too. Aiming to give a major thrust to the ...

Alkesh SHARMA Emirates Business As technology takes grip over UAE’s corporate world, reliance of industries on intelligence services to tackle cyber threats is poised to grow manifold in the coming years. By 2018, 60 percent of enterprises will utilise commercial threat intelligence services to secure their security strategies. This has been revealed by Gartner’s 2015 Market Guide for Security Threat ...

ABU DHABI / WAM The role of cross-border partnerships in the global aviation, aerospace, defence and space sectors will come under the spotlight in Abu Dhabi this month when international leaders from all four industries meet at the Global Aerospace Summit to explore and identify future development strategies. Hosted by Mubadala Development Company, the 2016 Summit, the third in the ...