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DUBAI / Emirates Business Emirates NBD, a leading bank in the region, together with the DIFC FinTech Hive, the largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA), are the first in the region to certify FinTech startups who have successfully used the Emirates NBD’s API (Application Programming Interface) Sandbox to create and demonstrate working innovative ...

ABU DHABi / WAM Emirati students are being encouraged to enter the private sector job market via the ‘Yes to Work’ programme that kicked-off in Abu Dhabi. The programme seeks to bolster Emirati youth employability, and create opportunities for lifelong learning in the private sector. It is held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy ...

ABU DHABI / WAM Emirati women will scale the peak of their empowerment journey during the FNC Elections 2019 to be held next October, by achieving 50 percent representation in parliament. This is in line with the implementation of Resolution No. 01 of 2019 issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan on raising the representation of ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has achieved another milestone in the construction of Unit 3 of the Barakah nuclear energy plant, being built at the Al Dhafra region of Abu Dhabi. Enec has safely and successfully energised Unit 3’s main power transformer and gas insulated bus (GIB), an important step in the continued testing and ...

SHARJAH / WAM HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Sharjah Executive Council (SEC) chaired a meeting of the council at the Ruler’s Office in Sharjah. The council reviewed various issues on its agenda concerning achieving the vision of the Emirate of Sharjah. After the ratification of the minutes ...

Bloomberg South Korean financial regulators will start a probe into sales of derivative products that carry the risk of individual investors losing almost all their money depending on moves in overseas market rates. Those products include 127 billion won ($105 million) of securities tied to the German 10-year government bond yield, according to a statement from the Financial Supervisory Service. ...

Bloomberg Two months of increasingly chaotic protests in Hong Kong are driving investment money out of the city and into Thailand’s ultra-luxury condominiums, according to one of the biggest developers in the Southeast Asian country. Some 40% of the condos in a 52-story Bangkok tower that opened last week have already been sold to buyers from mainland China, Hong Kong, ...

Bloomberg The new chief executive officer at Fortis Healthcare Ltd. plans to cut a fifth of costs to resuscitate India’s second-largest hospital chain after a regulator found it was defrauded of tens of millions of dollars by its former owners. Fortis is now looking to squeeze spending in everything from energy-efficient light fixtures to automating its business analysis unit and ...

Bloomberg Huawei Technologies Co.’s founder Ren Zhengfei warned in an internal memo the company is at a “live or die moment” and advised underutilized employees to form “commando squads” to explore new projects. Workers who fail will have their salaries cut every few months and may lose their jobs, the billionaire said. Since May, Huawei has occupied the uncomfortable position ...

Bloomberg India’s slowing economy could easily be the fall guy for Prime Minister Narendra Modi government’s struggles with meeting tax targets. But there’s another culprit: tax evasion. A nationwide consumption tax, introduced in 2017 and widely regarded as a tool to improve tax compliance and boost economic growth, may have failed to plug evasion, according to a report by the ...