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NEW YORK / Reuters The global economy is set to grow at a faster clip than anticipated in 2018, due mostly to lower tax rates in the United States, but tensions over trade threaten to derail months of synchronised global expansion, the Institute of Internatio-nal Finance (IIF) said on Monday. The Institute, a global financial industry association, lifted its forecast ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) in Abu Dhabi, has been awarded fintech Regulator of the Year 2018 at the 2018 Seamless Middle East Awards held in Dubai. The Seamless Awards is an annual platform that recognises trail-blazing companies and individuals from the finance, ecommerce and retail industries that have demonstrated unparalleled ...

ABU DHABI / WAM Minister of State for Defence Affairs Mohammed Al Bowardi this morning welcomed the visiting South Korean Defence Minister Song Young-moo and his accompanying delegation. During the meeting, Al Bowardi praised the relations between the UAE and South Korea, saying they are witnessing progress and development in various fields. The UAE Minister and his South Korean counterpart ...

CALIFORNIA / WAM Google announced the launch of ‘Maharat min Google’, a free digital skills-building programme in Arabic, in an effort to help people in Mena find jobs, advance their careers or grow their businesses. Based on a blended learning model, Maharat min Google provides free courses, tools, and in-person digital skills training to students, educators, job seekers and businesses. ...

Abu Dhabi / Emirates Business UBM EMEA, the organiser of the leading global pharmaceutical exhibition CPhI, has announced the Middle East and Africa edition will make its regional debut in the UAE capital at the Abu Dhabi National Exhibition Centre (Adnec) from September 3-5. “The exhibition is designed to increase partnerships and business opportunities on both a local and international ...

DUBAI / Emirates Business The introduction of Value Added Tax (VAT) in the UAE has served an opportunity for small and medium enterprises (SMEs) to review their processes and identify opportunities to streamline operations. UAE’s SMEs are key to driving economic growth, innovation and job creation in the region. According to a new study by MENA Research Partners (MRP), SMEs ...

DUBAI / Reuters Stanford Marine Group, majority owned by a fund managed by private equity firm Abraaj Group, is in talks with banks to restructure a $325 million Islamic loan, banking sources said. The Dubai-based oil and gas services firm has asked banks to consider extending the maturity of its debt and restructuring repayments, the sources said. A fund managed ...

Dubai / Emirates Business Emirates is offering special early bird fares for UAE travellers to destinations within its global network. Travellers who book in advance can enjoy special fares starting Monday until April 30 this year and applies to select travel periods. Economy Class passengers can enjoy fares to the Middle East starting from AED795, to Europe starting at AED2,135, ...

DUBAI / WAM Emirates Post Group (EPG), received the Best Performance Project Award from SABA talent management solutions for successfully implementing a fully integrated web-based performance appraisal system within a short period of time. Commenting on the win, EPGs Chief Support Services Officer, Sami Mohammed Al Khaja, said, “Moving from and replacing traditional paper-based performance reviews a performance appraisal software ...

Dubai / Emirates Business Mashreq Bank, the UAE’s leading financial institution, has announced the launch of Quick Remit – Instant Money Transfer service to India. The service is designed to be instantaneous, smart and convenient as it ensures instant account transfers at attractive exchange rates. India tops the international remittance charts with remittances of $66 billion in 2017. The UAE ...