DUBAI / EMIRATES BUSINESS Dubai Financial Group (‘DFG’), a subsidiary of Dubai Group, has sold its 11.8% interest in EFG-Hermes Holding Company S.A E (“EFG”) to Natixis Group (“Natixis”). A European banking leader, Natixis has an extensive international presence with offices in Europe, the Americas, Africa, Asia and Australia. Fadel Al Ali, Chairman, Dubai Group, commented: “The sale of ...

  RAS AL-KHAIMAH / WAM Gulf Pharmaceutical Industries, Julphar, announced sales revenue of AED759.7 million in the first half of this year. The company posted a gross profit of AED465.7 million and its net profit for the period was AED133.8 million. Dr Ayman Sahli, Chief Executive Officer at Julphar said, “We have accomplished significant progress. We have launched the real-time ...

  Bloomberg Emerging-market stocks posted the longest streak of weekly gains since Russia’s Crimean invasion ended a similar run in March 2014, on signs corporate earnings are recovering as central banks extend measures to support economic growth. Chinese shares rallied the most in a month as property companies advanced on speculation merger deals will accelerate. Hungary led gains in eastern ...

  Bloomberg Stock markets in Dubai and Qatar led an advance across most Gulf equities after oil, the region’s main source of income, posted the best week since April. Dubai’s DFM General Index advanced 1.2 percent, the biggest gain in almost a month, as Qatar’s QE Index added 0.9 percent. Bloomberg’s GCC 200 Index, a measure of the largest and ...

  Dubai / Emirates Business Emaar Properties is offering an exclusive lifestyle choice in Dubai Creek Harbour, the 6 sq km master-planned development defined by the iconic new tower that serves as a magnificent beacon of positivity in the heart of the city, and only 10 minutes from the Dubai International Airport. Designed by renowned Spanish/Swiss neo-futuristic architect, structural engineer, ...

  Abu Dhabi / WAM The National Health Insurance Company, Daman, announced that it reached three million members in its 10th anniversary this year. The latest membership figures indicated that the Abu Dhabi Basic Plan has reached around 1.5 million, with membership of ‘Enhanced’ health insurance plans reaching upwards of 720 thousand members. The Thiqa Plan, which was first launched in ...

  Dubai / WAM Dar Al Ber Society (DABS) contributed 226 blood pressure (BP) metres for poor and low-income patients in the emirate of Ras Al Khaimah. The move, part of the ‘Patient’s smile’ scheme, is meant to ease the suffering of destitute patients with chronic blood pressure and reduce the financial burden on their families. Ali Abdullah Al Shehi, Manager ...

  Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC) announced the 2nd Annual EMM Science Workshop, which targets students, graduates and educational entities from various UAE universities. The workshop, which will be held on October 3 at The Westin Dubai, Al Habtoor City, will address the science of the Martian atmosphere, as well as various topics about ...

  Dubai / WAM Google announced on Sunday the arrival of Fujairah in Street View, a feature by Google Maps that will allow users to view and navigate 360 degree street-level imagery of major streets across the city. Following Umm Al Quwain, Sharjah, Dubai, and Ajman, Fujairah is the fifth Emirate to be featured on Street View. Street View was launched ...

  London / Bloomberg The UK pledged to support British businesses and universities that receive billions of pounds a year from the European Union after the country leaves the 28-nation bloc. Projects approved before the government’s autumn budget statement will receive full funding, while the Treasury will make arrangements to assess guarantees for projects signed later, according to a statement ...