Dubai / Emirates Business Dubai has retained its position as the fourth most visited city in the world for the fifth year in a row, according to Mastercard’s Global Destination Cities Index (GDCI) 2019. The city welcomed 15.93 million international overnight visitors last year and the city is expected to continue building on its success in 2019. The UAE’s capital, ...

Abu Dhabi / WAM The Emirates Authority for Standardisation and metrology (Esma), will reveal the UAE’s technical regulations and standards that serve to rationalise energy consumption in the fuel, oil and gas, and petroleum product sectors, at 24th World Energy Congress in Abu Dhabi. Esma will announce the most important national legislative efforts in this regard during the energy congress. It ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), is participating in the 24th World Energy Congress (WEC), to be held in Abu Dhabi, under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan. Dewa is a host sponsor of the conference, which is held under the theme “Energy for Prosperity”. Through its stand number H5-180 at ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) will showcase the positive impact that nuclear energy has economically, socially and environmentally at the 24th edition of the World Energy Congress. The four-day event at Adnec is being held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Enec will highlight the transformational potential ...

Abu Dhabi / Emirates Business The 24th World Energy Congress announced Emirates Water and Electricity Company (EWEC) as a Host Sponsor and key exhibitor, at the upcoming Congress. The inclusion of EWEC in the 24th World Energy Congress, taking place from September 9-12 at Abu Dhabi National Exhibition Centre (Adnec), means most of the UAE’s major energy companies will feature ...

Bloomberg Goldman Sachs Group Inc is making another bet on a Latin American financial-technology startup, providing a secured credit facility of as much as $100 million to Mexico’s Konfio. The transaction will help Konfio, which provides unsecured working capital to small and midsize companies, lend about $250 million in the next 12 months, according to David Arana, the fintech’s chief ...

Bloomberg Treasury Secretary Steven Mnuchin has told large US banks including Goldman Sachs Group Inc and American Express Co they should do more to help black- and women-owned community banks win federal contracts. Mnuchin in a letter asked some of the country’s biggest banks to participate in the Financial Agent Mentor-Protege Program, in which large lenders counsel their smaller rivals ...

Bloomberg Ghana’s central bank has additional space to loosen policy thanks to the global move toward lower interest rates, as long as inflation slows, according to Governor Ernest Addison. “We are on a good disinflation path,” Addison said in an interview with Bloomberg TV at the World Economic Forum on Africa in Cape Town. “Inflation has continued to come down ...

Bloomberg The UK Labour Party would seek to ban excessive bonuses for bankers if it came to power, unless the financial industry takes steps to curb excessive payments. John McDonnell, Labour’s Treasury spokesman, told the Financial Times he wanted to issue a warning to the finance industry that he would “take action” if it “hasn’t learnt its lesson.” A spokesman ...

Bloomberg German financial regulators are concerned about Deutsche Bank AG’s appointment of Juerg Zeltner to the supervisory board because his role as wealth management executive could pose conflicts of interest. They worry that Zeltner’s job running KBL European Private Bankers SA is incompatible with his oversight role at Deutsche Bank, according to people briefed on the matter. If the bank ...