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DUBAI / WAM Emirates Institute for Banking and Financial Studies (EIBFS) shared its expertise in banking and financial studies and best practices in refining banking professionals’ skills with a delegation of senior officials from several banking institutes in Nepal. The delegation comprised of top banking executives from the Merchant (Investment) Banking of Nepal including the president of the Merchant Bankers’ ...

Sharjah / WAM The Sharjah Social Services Department (SSSD) announced that 94 beneficiaries have enrolled in the “Tamkeen” programme since its launch in 2020. The programme targets the employment of low-income beneficiaries below 45 years of age, who can work with Sharjah government institutions, private entities and the civil sector, to enhance and develop the capabilities and skills of the ...

  DUBAI / Gulf Time The Dubai Financial Services Authority (DFSA) signed a memorandum of understanding (MoU) with the central bank of the Republic of Mauritius (Bank of Mauritius), to cooperate and assist each other in the performance of their respective regulatory functions and to facilitate the exchange of knowledge on technologically enabled financial innovation. The MoU was signed by ...

  DUBAI / Gulf Time Dubai Future Foundation (DFF) has announced the launch of a new, first-of-its-kind initiative in the region to encourage and support tech start-ups to participate in a special challenge to utilise the latest technologies and innovations and contribute to the development of a quality and innovative experience for luxury brand customers. The challenge is part of ...

  Dubai / WAM Roads and Transport Authority (RTA) has served 37.3 million users during Expo 2020 Dubai, which constitutes 67 percent to the total usage of transport services at Expo, Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors of RTA, revealed. The number of riders carried out by public transport modes (Dubai Metro, public buses), taxis ...

  Dubai / WAM Around 76.5% companies registered growth in their businesses during Expo 2020, while 73.5% managed to build new business relations during the world’s greatest show, according to a report commissioned by Dubai Chamber of Commerce. In terms of services provided by Dubai Chamber during the event, 70.6% of respondents to the survey conducted as part of the ...

  Bloomberg The US added close to half a million jobs in March and the unemployment rate fell by more than expected, highlighting a robust labour market that’s likely to support aggressive Federal Reserve tightening in the coming months. Nonfarm payrolls increased 431,000 last month after an upwardly revised 750,000 gain in February, a Labour Department report showed. The unemployment ...

Bloomberg European regulators are asking Microsoft Corp. partners and rivals for information related to a complaint made against the software maker alleging anti-competitive behavior in the cloud-computing services market. The European Commission in March circulated a questionnaire, seen by Bloomberg News, focusing on how Microsoft licenses its products. The questions may lead to a formal inquiry, and follows an antitrust ...

  Bloomberg A record number of UK companies expect to increase wages as the war in Ukraine deepens the cost of living crisis, a survey showed. The Lloyds Bank Business Barometer found that a half intended to boost average pay by at least 2% in the next 12 months. A fifth of businesses that have annual turnover of more than ...

  Bloomberg Italian inflation surged to the highest in three decades as energy prices continued to rise following Russia’s invasion of Ukraine. Prices increased 7% in March from a year earlier, statistics office Istat said. That’s the fastest pace since 1991. Rising prices and the ongoing conflict are impacting the economy with Finance Minister Daniele Franco saying last week that ...