ABU DHABI / WAM The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has announced local and global applications to establish digital banks in its International Financial Cen-tre based in Abu Dhabi as digitalisation has led to a rap-id transformation of the banking industry. This initiative comes in response to regional and international enquiries seeking a ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) launched its Eid Al Adha Campaign for 2019, under the theme, “Eid is on Us,” at its new headquarters in Abu Dhabi. The campaign aims to support needy families by allocating AED5.6 million that will benefit 223,419 people. In his statement to the Emirates News Agency (WAM) Rashid Mubarak Al Mansouri, ...

ABU DHABI / WAM The Dubai Gold and Commodities Exchange (DGCX) has achieved considerable success over the past three years, enabling it to attain a leading international stature in the global commodities sector. The value of gold and commodities traded by the DGCX, which is unique in the Middle East, rose to around AED4.85 trillion ($1.32 trillion), according to statistics ...

ABU DHABI / WAM Omar Sultan Al Olama, Minister of State for Artificial Intelligence and Deputy Managing Director of Dubai Future Foundation, stated that the great developments witnessed by the telecommunications and digital sector in the UAE is a key driver for innovation and contributes to advancements in government services. This came during a meeting held at the Dubai Future ...

RIYADH / WAM The Telecommunications Regulatory Authority (TRA) represented by the Computer Emergency Response Team, participated in the 16th meeting of the GCC Committee of National Centres for Computer Emergency Response, hosted by Riyadh, Saudi Arabia, to ensure cooperation among the GCC countries in the field of cybersecurity. The meeting was chaired by Bader bin Ali Al Salhi, Director-General, National ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) has received ISO 22301:2012 certification for its business continuity management system (BCMS). The recognition reinforces the company’s commitment to increasing organisational resilience. As part of its ongoing quality journey, Adnec has also aligned its Enterprise Risk Management System (ERMS) to the ISO 31000 standard. Since 2012, the company has operated ...

ABU DHABI / WAM A delegation from the Abu Dhabi Department of Energy (DoE) led by Chairman, Awaidha Al Marar, is visiting Japan this week to share the emirate’s experience in developing the energy sector and to exchange expertise with the Japanese energy ministries and organisations. During the visit, the DoE delegation will place particular focus on sustainability projects, demand-side ...

Dubai / Emirates Business A survey of UAE investors and residents show that the recently implemented UAE Permanent Residency Scheme has created a positive sentiment in the investment community. A random survey of 1,012 respondents indicate that existing investors have more appetite to increase their portfolio, while would-be investors are now more open to start investing. Seventy-nine per cent of ...

DUBAI / WAM Dubai International Financial Centre (DIFC) is continuing to prioritise the ease of doing business with the introduction of new licencing categories and fees designed to make establishing businesses within the Centre easier and more affordable. Four new licencing categories were introduced as part of the new Operating Law and Regulations, including Short-term and Restricted Licences, Comme- rcial ...

Bloomberg Pharmaron Beijing Co is planning a Hong Kong share sale only six months after the contract drugmaker went public in China, according to people with knowledge of the matter. The Shenzhen-listed company is working with financial advisers as it prepares to sell shares in Hong Kong as soon as this year, the people said, asking not to be identified ...