Abu Dhabi / WAM Abu Dhabi’s Smart Solutions and Services Authority (ADSSSA), announced the launch of Abu Dhabi internet domain suffixes (.abudhabi), in English and Arabic to represent the Emirate’s digital identity in the virtual world. This came during the signing of a tripartite agreement between the ADSSSA, the Telecommunications Regulatory Authority (TRA), and the Emirates Telecommunications Corporation (Etisalat), to ...

Dubai / WAM The General Assembly of the Dubai Islamic Insurance and Reinsurance Company (AMAN Insurance), held its annual general meeting (AGM), at the Dubai Chamber of Commerce and Industry. The AGM reviewed the board’s report on the company’s activities and its financial position during the past financial year, which ended on December 31, 2017. Mohammed bin Omair bin Yousef ...

Sharjah / WAM The Environment and Protected Areas Authority of Sharjah (EPAA), honoured the winners of the sixth edition of the Sharjah Sustainability Award (SSA), for Schools and Colleges. The honouring ceremony was attended by Marwan Ahmad Al Sawaleh, Under-Secretary of the Minister of Education for Academic Affairs; Hana Saif Al Suwaidi, Chairperson of EPAA; Prof. Dr. Rashad Salem, Vice ...

Dubai / WAM Economic conditions in Dubai during Q1 2018 have improved over Q1 and Q4, 2017, according to a business confidence survey conducted by the Department of Economic Development (DED), Dubai. The survey indicates that the Composite Business Confidence Index has improved by 5.5 points after registering 116.7 points in Q1 2018 as compared to 111.2 points during the ...

For the past year, euro-zone leaders have vowed to take steps to complete Europe’s monetary union. The 19 countries share a single currency and a central bank, but they still lack all the necessary mechanisms to deal with major imbalances and shocks. While some members would like to have more fiscal transfers and a common safety net for the banks, ...

There are big changes at the Reserve Bank of New Zealand (RBNZ), most of which are welcome. The new governor should consider another break with the past: Drop the hubris. Adrian Orr, who took the central bank’s helm last month, is to explicitly aim for maximum employment as well as price stability. That’s a break from the previous regime that ...

The guests are starting to arrive, but the house isn’t quite ready for this party. That’s the way to view a slew of recent measures to open China’s $40 trillion financial industry to outsiders. This week, Beijing granted additional quotas for domestic funds to invest in overseas securities under the QDII plan, the first time it has done so in ...

If you’re ever looking for examples of hope triumphing over experience, look no further than the emerging-market economies. Even as the Federal Reserve tightens US monetary policy, both investors and policymakers in those economies seem to be in denial about the likely fallout, clinging to the hope that somehow the impact of this round of global liquidity tightening will be ...

Hassan Soukar Over the past few years there has been a remarkable surge in demand for second citizenships among high-net-worth expatriates living in the UAE. But the spike in interest for acquiring second passports has been all-time high in the first three months of 2018. The whole industry is coming of age. The second passports are not only seen just ...

Bloomberg Amazon.com Inc. has partnered with General Motors Co. and Volvo Cars to deliver packages to car trunks in 37 US cities, as the e-commerce giant seeks new delivery methods for customers who may be wary of leaving packages outside or allowing couriers into their homes. The app-based service, which lets car owners provide delivery agents with keyless access to ...