Local News

Dubai / Emirates Business The Mohammed bin Rashid School of Government (MB-RSG), a research and academic institution focusing on governance and public policy in the Arab world, concluded a course on ‘Strategic Leadership in the Age of Challenges’ in cooperation with Elm, the Saudi Information Security Company. The programme aimed at providing Assistant Under-Secretaries in Saudi Arabia with a set …

DUBAI / WAM At least 18 social entrepreneurs and start-ups from 16 countries have pitched their projects on innovative solutions to a panel of experts in Dubai this week. They have sought expert support and a share of the $100 million funding from Expo Live. Expo Live is an innovation and partnership programme launched by Expo 2020 Dubai to fund, …

DUBAI / Emirates Business The capacity for private data exchange between businesses is outpacing the public Internet, growing at nearly twice the rate and comprising nearly six times the volume of global IP traffic by 2020, according to the Global Interconnection Index, a new market study published by Equinix that analyzed the adoption profile of thousands of carrier-neutral colocation data …

DUBAI / Emirates Business Sage, the market and technology leader for integrated accounting, payroll and payment systems, is to host an exclusive customer event to help business professionals navigate the UAE’s implementation of Value Added Tax (VAT) in January 2018. The Sage 300 User Conference took place on August 15, 2017 at the Armani Hotel, Burj Khalifa, Dubai and is …

DUBAI / Emirates Business Galadari Advocates & Legal Consultants announced the appointment of Franco Grilli Cicilioni as a partner based in the firm’s Dubai Inter national Financial Centre (DIFC) office. With over 25 years of exp- erience, Franco bolsters the firm’s Finance and Corporate departments, having advised on a number of financial deals including capital mark- ets, structured finance, asset …

ABU DHABI / WAM Abu Dhabi has been named the safest city in the world by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. With the lowest crime index of just 13.54 in the past six months, and the highest safety index of 86.46, Abu Dhabi was well …

Abu Dhabi / WAM A total of 110 listed companies secured profited worth AED31.9 billion during H1 2017, against AED32 billion in the corresponding period last year. The positive financial results announced by national banks for the first six months of the year are fairly good given the unsatisfactory performance made by some companies whose pro-fits declined after they had …

DUBAI / Reuters United Arab Emirates-based energy firm Dana Gas on Tuesday reported a 71 percent leap in second-quarter profit as energy prices rose and it cut capital spending. Dana made a net profit of $12 million in the three months to June 30. This compares to a profit of $7 million in the prior-year period, it said in a …

Abu Dhabi / Reuters Union National Bank (UNB), 50 percent owned by the Abu Dhabi government, has begun operations at its branch in Shanghai, becoming the first bank from the United Arab Emirates to operate a branch in mainland China, the bank said on Tuesday. The Shanghai presence will provide corporate banking services to UAE companies and trade finance to …

ABU DHABI / WAM A total of 15.151 million cheques worth AED755 billion have been handled by the Cheque Clearing System during the first half of the year, UAE Central Bank announced Tuesday. Bounced cheques since January through the end of June are valued at AED33.9 billion, accounting for 4.5 percent only of the total value of cheques during the …