News

Bloomberg As UK consumers start to suffer from Brexit jitters, British retailers have extended the Black Friday discounts they borrowed from America over as much as two weeks to lure wary shoppers online and in stores. They need a push. The slide in the pound after the UK’s vote to leave the European Union has driven up the cost of ...

Bloomberg The UK regulator in charge of data privacy is looking into the major hack of Uber Technologies Inc.’s user data, opening up yet another front in the ride-hailing firm’s battle to manage one of its most successful markets. “Uber’s announcement about a concealed data breach last October raises huge concerns around its data protection policies and ethics,” James Dipple-Johnstone, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended the opening session of the fourth edition of the Knowledge Summit at the Dubai World Trade Centre. The summit which is held under the patronage of His Highness Sheikh Mohammed bin Rashid, and organised by the Mohammed ...

ABU DHABI / WAM Al Hilal Bank was awarded the title of ‘The Safest Islamic Financial Institution in the Gulf Cooperation Council’ for the second year in a row, based on an exclusive survey published in the November 2017 issue of the Global Finance publication. Alex Coelho, CEO of Al Hilal Bank, attended the Global Finance’s Best Bank Awards Ceremony ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), announced that it has joined the International Securities Services Association (ISSA), to become the first financial market in the MENA region to become a member of ISSA. This new membership demonstrates ADX’s keenness to align its regulatory practices with those of international financial markets. It also assures commitment to promoting financial ...

Abu Dhabi / WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, today inaugurated the Aqdar World Summit, at the Abu Dhabi National Exhibition Centre. The inauguration ceremony was attended by Sheikh Nahyan bin Mubarak Al Nahyan, Minister for Tolerance; Sheikha Lubna bint Khalid Al Qasimi, President of Zayed University; Hussain ...

Abu Dhabi / WAM Borouge received the Hamdan bin Mohammed Award for Innovation in Project Management under the category of ‘Innovative Idea in Portfolio Management’ due to its creative approach in carrying out innovation, operations, marketing and sales projects across the organisation. Held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai ...

Dubai / WAM The Government Transport Centre, a subsidiary of Emirates Transport (ET), announced that it has signed transport contracts worth AED48 million with a number of local and federal government entities. The latest signed contracts included two major agreements with Taqyeem Centre for commercial information and CRIF Gulf Dubai, worth in excess of AED23mn each, according to Abdul Gaffar ...

Dubai / WAM Dubai Carbon announced its first carbon credit transaction, with the sale of the resulting Certified Emission Reductions, CERs, from Dubai Electricity and Water Authority Chiller Station L Project through adopting the Clean Development Mechanism (CDM) to Farnek Total Facility Management. This initial sale paves the way for expansion of the green economy in Dubai, inviting further investment ...

Dubai / WAM The UAE has achieved a new global breakthrough in developing the UAE Government Excellence Model (GEM), as a global reference for supporting ambitious governments in improving their efficiency and shaping the future of their entities. This initiative embodies the vision of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al ...