Bloomberg After two weeks of convulsions caused by US sanctions against United .Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica. Then, the US Treasury threw a potential lifeline by making clear it’s not pushing for the company’s ...
Read More »
ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and Shanghai Stock Exchange (SSE), China’s largest securities exchange, signed a MoU to cooperate on the establishment of a ‘Belt and Road’ exchange at ADGM. The cooperation harnesses Abu Dhabi’s strategic position along the Silk Road Economic Belt, ADGM’s best-in-class regulatory regime and SSE’s position as a growing global exchange. The ...
Read More »DUBAI/ Emirates Business The third Annual General Meeting (AGM) of Emaar Malls approved the distribution of cash dividends to shareholders amounting to AED 1.3 billion ($ 353.9 million), representing 10 percent of the share capital being 10 fils per share for 2017. The AGM also approved the report by the board of directors on the activities and financial position of ...
Read More »
ABU DHABI / Agencies Mubadala Investment Company has acquired a minority stake in the general partner of Phoenician Capital, a New York-based investment management company. The investment was made through Mubadala Capital, Mubadala’s financial investment arm. The partnership includes an agreement for Mubadala Capital to invest in a fund managed by Phoenician Capital. “Phoenician Capital has built a strong international ...
Read More »
DUBAI / Emirates Business Mashreq, one of the leading financial institutions in the UAE, has reported its financial results for the first quarter ending on March 31, 2018. The net profit of the company increased 9.5% year-on-year to AED 598 million primarily due to a 4% increase in operating income. The net interest income & net income from Islamic products ...
Read More »Dubai / Emirates Business DP World, UAE Region has underlined its position as the leading trade enabler by winning the Supply Chain Hub Award at the Logistics Middle East Awards 2018 organised by ITP Media Group. Abdulla Bin Damithan, Chief Commercial Officer of DP World, UAE Region received the award in the presence of leading industry executives from across the ...
Read More »
Abu Dhabi / Emirates Business Al Hilal Bank and Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, have signed a Memorandum of Understanding (MoU) to develop a strategic collaboration between ADGM Academy and Al Hilal Bank. The signing ceremony took place at the ADGM Academy, located on Al Maryah Island. It was attended by Ahmed Ali ...
Read More »
Dubai / Emirates Business Emirates won four accolades at the Business Traveller Middle East Awards 2018. The airline was crowned Best Airline Worldwide, Airline with the Best Business Class, Best First Class Airport Lounge in the Middle East and Airline with the Best Cabin Crew – a testament to its commitment to meet and exceed customer expectations in the air ...
Read More »Dubai / Emirates Business DP World, UAE Region has underlined its position as the leading trade enabler by winning the Supply Chain Hub Award at the Logistics Middle East Awards 2018 organised by ITP Media Group. Abdulla Bin Damithan, Chief Commercial Officer of DP World, UAE Region received the award in the presence of leading industry executives from across the ...
Read More »
Dubai / Emirates Business Dubai Airport Freezone Authority (DAFZA) announced the launch of the first-of-its-kind guide entitled ‘Dubai: The Global Gateway to Halal Industries’ in Spanish. The launch is one of a number of official initiatives that form part of Dubai’s Islamic Economy Strategy for 2017 to 2021. The ceremony was attended by HE Salem Rashid Al Owais, General Consul ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.