News

  Sharjah / WAM Bank of Sharjah on Wednesday announced its financial results for the three months ending March 31. The bank’s total assets reached AED 28,880 million, an increase of 4 percent over the corresponding 31st March 2016 figure of AED 27,651 million. When compared to the 31 December 2016 figure, total assets increased by 7 percent from AED 27,097 ...

  Abu Dhabi / WAM The Abu Dhabi Judicial Department has organised the 40th Media Summit, entitled “Bogus Investment Portfolios and their Negative Effects on Individuals and Society”, with the aim of assisting in expanding the culture of law, while raising awareness among individuals in society about the dangers of these portfolios. The summit warned about the negative effects of financial ...

  Sharjah / WAM A total of 50 projects worth AED 250 million were implemented by the Sharjah Department of Public Works (SDPW) across the emirate during the first quarter of 2017, including academic, maritime, environmental, edutainment , and infrastructure projects. The projects fit within the comprehensive developmental strategy adopted by the emirate of Sharjah as part of its vision for ...

  DUBAI / WAM The Dubai Chamber of Commerce and Industry (DCCI) recently led a delegation of UAE business leaders to Tashkent, Uzbekistan, to explore trade and investment opportunities within the country’s agricultural sector. Dubai Chamber organised the trade mission in partnership with the UAE Embassy in Uzbekistan, the Embassy of the Republic of Uzbekistan in the UAE, the Chamber ...

  DUBAI / WAM The Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award (HIPA), will host a total of three photography courses for Dubai government employees as part of the organisation’s training programme coinciding with the seventh season of competition, titled, ‘The Moment’. The courses, hosted at the HIPA headquarters in Downtown Dubai, will take place during the ...

  Dubai / Emirates Business Standard Chartered Bank has signed a partnership agreement with leading UAE-based business support provider Transguard Group, which will enable the bank to offer its corporate clients a smarter and more convenient cash solution, by integrating ‘smart’ cash deposit machines with Transguard’s cash in transit (CIT) services. Although efficient connectivity has helped online banking and other ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, recently held a Service Leadership Workshop with world-renowned author and consultant Ron Kaufman to enhance customer service productivity at the firm. The Leadership Workshop, held at the Park Rotana in Abu Dhabi, was offered to all ...

  Bloomberg The White House has a new darling in the energy sector: liquefied natural gas. First Gary Cohn — President Donald Trump’s top economic adviser — voiced support for a terminal in the US Northwest that would send tankers full of LNG to Asia. Then, Energy Secretary Rick Perry praised an export terminal proposed by Exxon Mobil Corp. and ...

  Bloomberg Exxon Mobil Corp. has boosted it’s dividend every April for at least a decade, delivering more than $98 billion directly to shareholders. This year, the payout will likely rise again. The open question is by how much. Exxon slowed quarterly dividend growth the last two years as the industry fought through the worst price rout in a generation. ...

  Bloomberg The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring. Daewoo Shipbuilding & Marine Engineering Co., which averted a payment crisis this month after bondholders agreed to a debt revamp, said it is set to deliver more than 30 liquefied natural gas carriers ...