News

Bloomberg A committee of senior lawmakers in the UK recommended the British government take tougher measures to keep technology companies like Facebook Inc. in check, following a year-long inquiry into fake news and its impact on elections. Damian Collins, the policy maker who spearheaded the inquiry, called for Parliament to create new laws to help a proposed regulator oversee the ...

Bloomberg UK private-sector workers are set for their biggest wage increase in at least seven years as companies struggle to fill vacancies. The Chartered Institute of Personnel and Development said on Monday the expected median pay award has risen to 2.5 percent, the highest since it began the survey in 2012 and above the rate of inflation. Almost three quarters ...

Bloomberg The venture capital arms of Alphabet Inc.’s Google and Salesforce.com Inc. are investing in UK payments startup GoCardless, which has raised an additional $75 million to fund expansion. The financing is being led by Adams Street Partners, GV, formerly known as Google Ventures, and Salesforce Ventures, GoCardless said in a statement. Existing investors Accel Partners, Balderton Capital, Notion Capital ...

ADELAIDE / WAM The United Arab Emirates Space Agency (UAESA), signed a Memorandum of Understanding (MoU), with the Australian Space Agency, which aims to promote the exchange of best practices, knowledge sharing and enhance cooperation and collaboration between both parties in support of space research and technology The MoU was signed at the Australian Space Agency in Lot Fourteen, Adelaide, ...

Abu Dhabi / WAM The UAE Armed Forces awarded AED4.971 billion in contracts on the first day of the International Defence Exhibition and Conference (Idex 2019), and Naval Defence and Maritime Security Exhibition (Navdex 2019), with the lion’s share of deals going to national companies. Speaking at a press conference Staff Brigadier-General Mohammed Al Hassani, Official Spokesperson of Idex 2019, ...

ABU DHABI / WAM Russia exempted UAE citizens with regular passports from requiring pre-entry visas. The Ministry of Foreign Affairs and International Cooperation announced that, UAE citizens will be able to travel to Russia without prior visas. Ahmed Sari Al Mazrouei, Under-Secretary of Ministry of Foreign Affairs and International Cooperation, said Russia’s decision to exempt UAE citizens from pre-entry visas ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), announced that it has succeeded in achieving a compliance rate of 94 percent regarding the disclosure of the annual preliminary financial reports 2018 of its listed public joint stock companies within the deadline of 45 days from the end of the financial period. 61 out of 65, local and foreign, public ...

Bloomberg Saudi Arabian Military Industries and France’s Naval Group SA entered a joint venture (JV) to develop vessels in the kingdom, which seeks to promote local manufacture of armaments. The Saudi government-backed firm will hold a 51 percent stake and the French naval defense company will have the rest. The new company will develop, engineer and manufacture frigates, corvettes and possibly ...

DUBAI / WAM National Bank of Fujairah (NBF), announced that it received three accolades at The Gulf Employee Experience Awards in recognition of its outstanding HR management. The bank received the “Overall Experience” award for the best entry, “Employee Engagement and Happiness” award and the “Employee Insight and HR Metrics” award while ranking second in the “Employee Empowerment” award. Last week, ...

DUBAI / WAM Emirates NBD on Sunday announced its position as the UAE’s most valuable banking brand with a $4.04 billion brand valuation in The Banker’s annual brand valuation league table. The bank also secured a spot among the top 100 global banking brands and was ranked second in the Middle East and Africa region. Emirates NBD was ranked seventy-sixth ...