Bloomberg A potentially explosive battle is brewing over a seldom-discussed aspect of the looming MiFID II laws, which will force traders of any European asset class to hand over personal identification such as passport numbers to every venue they trade on. The massive data-collection exercise will drag in tens of thousands of investors and traders, who some trading venues say ...
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An $86 billion UK pension problem may solve itself
Bloomberg For UK Plc, the sting of Brexit comes with an unexpected bonus. With no effort on their part, the biggest British businesses may see pension deficits that have burdened them for years be practically wiped out if long-term bond yields rise 50 basis in the next year and they budget for slowing gains in life expectancy, according to estimates ...
Read More »Oil output compliance hits record 120%: OPEC
VIENNA / WAM The OPEC and non-OPEC producing countries’ Joint Ministerial Monitoring Committee (JMMC) stated that based on the report of its Joint Technical Committee (JTC) for the month of September 2017, OPEC and participating Non-OPEC producing countries have achieved a record high conformity level with the voluntary production adjustments, reaching 120 percent. “In September 2017, OPEC and participating non-OPEC ...
Read More »FDI inflows to West African nations up 12% to $11.4bn
DUBAI / WAM Foreign direct investment (FDI), inflows to West African countries increased 12 percent to $11.4 billion in 2016, supported by recovering investment in Nigeria, a recent analysis conducted by the Dubai Chamber of Commerce and Industry revealed. The analysis, based on data from United Nations Conference on Trade and Development, UNCTAD, was released by the Chamber as it ...
Read More »ADGM, ADCB join forces to enhance FinTech ecosystem in Abu Dhabi
ABU DHABI / WAM Abu Dhabi Global Market (ADGM), together with Abu Dhabi Commercial Bank (ADCB), announced a new partnership aimed at promoting Fintech and building a vibrant ecosystem in Abu Dhabi and the UAE. Through this agreement, ADCB aims at partnering with the FSRA on a range of FinTech-related initiatives and activities. Abu Dhabi Commercial Bank and Abu Dhabi ...
Read More »FinTech Abu Dhabi to focus on innovations that shape future
ABU DHABI / WAM The much anticipated inaugural FinTech Abu Dhabi event will kick-off on Sunday with distinguished regional and international leaders from the world of FinTech flying in and gathering at Abu Dhabi for a two-day event on October 22-23. FinTech Abu Dhabi, under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi ...
Read More »MBRSG wraps up Arab leadership programme
DUBAI / Emirates Business The Mohammed bin Rashid School of Government (MBRSG), the first research and teaching institution focusing on governance and public policy in the Arab world, concluded its flagship Arab Leadership and Government Excellence programme, which hosted a delegation of Kuwaiti government officials in Dubai. The programme’s objectives include empowering participants to deal with modern-day challenges faced by ...
Read More »Abu Dhabi Airport bags ACI ‘best airport’ awards
ABU DHABI / WAM Airports Council International (ACI) awarded AbuDhabi International Airport (AUH), the ‘Best Airport in the Middle East’ and ‘Best Improved Airport: the Middle East’ accolades at the annual ASQ awards, held in Mauritius as part of the 27th ACI Africa/World Annual General Assembly, Conference and Exhibition. The ASQ Awards recognise airports around the globe that demonstrate a ...
Read More »Dubai Airports signs deal with Union Insurance
DUBAI / Emirates Business Dubai Airports, operator of the world’s number one airport for international passengers – Dubai International (DXB), and Dubai World Central, has signed an agreement with Union Insurance Company, a leading provider of customer-focused insurance solutions to individuals and corporations in the region, to provide life insurance solutions to Dubai Airports employees Ann-Marie Campbell, Executive Vice President ...
Read More »Al Masaood opens first retail concept Nissan showroom in the region
ABU DHABI / Emirates Business Al Masaood Automobiles Company, the exclusive distributor of Nissan vehicles in Abu Dhabi and Al Ain, has inaugurated its highly anticipated Nissan Retail Environment Design Initiative “NREDI†in the presence of His Highness Sheikh Nahyan bin Hamdan Al Nahyan at the grand reopening of its Khalidiya Showroom. At the event, the distributor also launched the ...
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