Abu Dhabi / WAM As part of its policy recognizing research and innovation excellence, the Abu Dhabi Securities Exchange (ADX), honoured its distinguished employees for the year 2016 as part of the Annual Teslam Excellence Awards. “Honoring distinguished employees is part of a comprehensive system of achievement and innovation adopted by ADX to enhance productivity in a sustainable environment”, Rashed ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD) continued to deliver an outstanding performance in 2016. Furthermore, the Fund managed 17 development projects valued at AED5.6 billion across seven beneficiary countries, dispensed AED3.9 billion in concessionary loans to support four projects and AED1.7 billion in government grants to finance 13 projects. Headlining a press conference at the ...

ABU DHABI / Emirates Business The Urban Planning Council (UPC) launched six major e-Services, as part of its e-Services Transformation Project, with a fresh new website. In accordance with the Abu Dhabi Plan, the UPC has enhanced Government processes and customer user-experience at the click of a button, which is aligned with the Digital Transformation Agenda in Abu Dhabi. The ...

Abu Dhabi / Emirates Business The Tourism Development & Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Wednesday the opening of a new sales center at Saadiyat Lagoons district, located at the site of the budding community. The sales center’s convenient location next to New York University Abu Dhabi offers visitors ...

Bloomberg Soldiers were deployed on the streets of London on Wednesday, as police hunted down the network behind the Manchester suicide bomber and authorities warned another attack was “imminent.” Manchester’s police chief, Ian Hopkins, said it’s “very clear” that police are investigating a “network” responsible for the attack that killed 22 people including children at a pop concert in the ...

Bloomberg Brazil’s President Michel Temer is struggling to put down a rebel movement by legislators in his own party who are discussing his replacement after damaging graft allegations surfaced. The best solution to remove Temer, who is being investigated by the prosecutor-general on corruption and cover-up charges, is for the top electoral court to annul the 2014 election result in ...

Bloomberg Philippine President Rodrigo Duterte said he might expand martial law nationwide if violence currently confined to the south spreads to the main island of Luzon. “If I think IS has already taken control in Luzon and terrorism is not really far behind, I might declare martial law throughout the country,” Duterte said in a televised speech on Wednesday after ...

By the time Georgia’s 6th District votes in the June 20 special congressional election, $40 million — perhaps more than $130 per ballot — will have been spent to pick one-435th of one-half of one of the three branches of one of America’s governments. This is an expensive funeral for Tip O’Neill’s incessantly quoted and increasingly inapplicable axiom that “All ...

In the match for India’s financial services future, fintech just scored twice while banks are still struggling to retrieve the ball they scuffed into their own net. It’s just the start of what looks like a bruising battle for traditional lenders. India’s banks, which still dominate the country’s financial landscape, appear to have hardly a kick left in them. Stressed ...

Canada’s housing market offers a case study in a contentious economic issue: If a central bank sees a bubble forming, should it act to deflate it? In this instance, the answer should be a resounding yes. A combination of foreign money, local speculation and abundant credit has driven Canadian house prices to levels that even government officials recognize cannot be ...