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Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), has marked a new partnership with Abu Dhabi National Insurance Company (ADNIC), to seek opportunities to collaborate and consult on initiatives to promote the growth and development of the insurance-related FinTech ecosystem in Abu Dhabi and the UAE. The MoU was signed by Ahmad Idris, Chief Executive Officer at ADNIC, and ...

Dubai / Emirates Business The Dubai Islamic Economy Development Centre (DIEDC) on Monday published the outcomes of the State of the Global Islamic Economy Report 2017-2018 titled ‘Outpacing the Mainstream’. The report is issued annually by DIEDC in collaboration with Thomson Reuters. The findings were released on the sidelines of the fifth edition of the Islamic Economy Award, held under ...

Bloomberg Tencent Holdings Ltd.’s rise into a $500 billion company was fuelled by a culture of internal competition, where teams raced against each other to make ideas work. To become an advertising powerhouse like Facebook Inc., the internal barriers are starting to come down. The seven main business units of China’s largest company are working to synchronise data and study ...

Bloomberg Hong Kong’s red-hot housing market shows no signs of cooling anytime soon. Prices in the city have climbed 11 percent this year, defying skeptics waiting for the bubble to burst and government attempts to rein in the world’s most expensive housing market through a raft of taxes and mortgage curbs. If anything, the frenzy has intensified in recent months ...

Bloomberg Business Secretary Greg Clark said reviving Britain’s flagging productivity lies at the heart of the industrial strategy he was expected to unveil it on Monday to help chart the future of Britain’s economy as the country leaves the EU. While Britain would pursue the strategy “regardless” of Brexit, the plan will take the sting out of the uncertainty sparked ...

Bloomberg Meredith Corp. agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles. The $18.50-a-share offer is an all-cash one, Meredith said in a statement. The deal gives Meredith, publisher of Better Homes & Gardens, a larger audience ...

Bloomberg Cable companies are settling on a new strategy to combat streaming services like Netflix and Hulu: If you can’t beat ’em, join ’em. Comcast Corp. and Charter Communications Inc., the two biggest US cable operators, are in talks to offer Hulu’s on-demand service through their set-top boxes, according to people with knowledge of the matter. Comcast, the largest cable ...

Bloomberg Germany’s political stalemate showed signs of easing as the Social Democrats started haggling over terms of a renewed coalition with Chancellor Angela Merkel’s conservative bloc rather than outright blocking an alliance between Germany’s two biggest parties. The possibility of the SPD again joining a Merkel-led government in a “Grand Coalition” has unfolded quickly, with the party opening the door ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, a number of world leaders, dignitaries and senior officials on Sunday attended the final ...

Dubai / Emirates Business His Highness Sheikh Ahmed Bin Saeed Al Maktoum officially inaugurated Middle East’s largest construction event, The Big 5, and the co-located Big 5 Solar on Sunday. The President of the Dubai Civil Aviation Authority, CEO and Chairman of the Emirates Group also took a tour of the exhibition that covers the entire Dubai World Trade Centre ...