News

BEIJING / WAM The World Green Economy Organisation (WGEO), unveiled the Financial Sector Platform, at the UN Headquarters in Beijing, with an objective to mobilise investments for energy-efficiency initiatives and programmes to support the shift towards a green economy. The organisation was launched by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum ...

Abu Dhabi / WAM The Tawazun Economic Council (Tawazun), will be attending the Defence and Security Equipment International (DSEI), from September 12-15 at ExCel London, UK. Tawazun is currently engaged in organising the UAE Pavilion at the DSEI 2017 in London. It will feature several companies, promoting their Made in UAE products and services, including Nimr Automotive, Abu Dhabi Ship ...

Dubai / WAM The Dubai Metro has broken the one billion passenger barrier, a top official of the Roads and Transport Authority (RTA), announced. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, said that the Dubai Metro, comprising the Red and Green lines, transported 1.028 billion passengers, since the launch of the service on ...

Abu Dhabi / Emirates Business Al Hilal Bank announced a new senior appointment at the leadership team level; Jasem AlHosani as the Head of Compliance, to further drive the Bank’s success and its future growth plans. Alex Coelho, Chief Executive Officer of Al Hilal Bank, stated: “Leading organizations are under an obligation to renew themselves in order to stay ahead. ...

Dubai / Emirates Business Sharjah Book Authority (SBA), strengthened its presence on the global arena through its participation at the Moscow International Book Fair and the Indonesia International Book Fair. The authority used its involvement at the literary events to extend bridges of communication and develop channels of cooperation with a large number of publishers and intellectuals from Northern Eurasia ...

Bloomberg Hurricane Irma headed for an all-but-certain collision with southern Florida after devastating the Caribbean islands and swiping at Cuba as it threatens to become the most expensive storm in US history. While top winds dropped to 130 miles (209 kilometres) an hour, the life-threatening storm’s swollen size means most of Florida will face hurricane-force winds as it cuts a ...

Bloomberg Angela Merkel, running for a fourth term as chancellor in Germany’s September 24 election, reiterated that her nation’s auto sector has “seen a great loss of trust” and needs to atone for past mistakes. Speaking on her weekly podcast on Saturday, Merkel said the industry is in a period of rapid change, and “modern drive technology is, of course, ...

Bloomberg The UK has gained potential allies in its bid to hold on to the business of clearing euro-denominated derivatives after Brexit. Sweden said a European Union proposal to allow authorities to force the biggest foreign derivatives-clearing firms to set up shop in the bloc could prove excessive, according to an earlier document that summarises the positions of 10 national ...

Bloomberg Mark Zuckerberg is heading back to court. Facebook Inc.’s chief executive officer is expected to testify later this month in a shareholder lawsuit over voting power, according to a person familiar with the plans. The trial, set to start on September 26, will explore whether the board had shareholder interests in mind when it approved a new class of ...

Bloomberg Uber Technologies Inc. is under investigation by federal authorities in New York for its alleged use of a spyware programme designed to undermine competition for its digital ride-hailing service, according to people familiar with the matter. The executive charged with making sure Uber follows the law, Global Head of Compliance Joseph Spiegler, resigned last week after a year and ...