News

  DUBAI / Emirates Business Mashreq, one of the UAE’s leading financial institutions, has been acknowledged with the ‘Service Olympian Award for ‘Most Viral Activities on Social Media’ recognizing the bank’s community engagement efforts on social media channels. Ethos, a Dubai based consulting firm, conducted an in-depth market analysis to study how various brands ranked on their Social Media index. ...

  Dubai / WAM Expo 2020 Dubai will award 47 construction contracts worth AED11 billion (3.0 billion US$) in 2017 as preparations for the first World Expo in the Middle East, Africa and South Asia continue to gather pace. A further 98 non-construction contracts totalling more than AED 360 million (98 million USD) will also be distributed before the end of ...

  Abu Dhabi / WAM Zayed Giving Initiative (ZGI) the UAE Societal Voluntary Programme, and Tadreeb National Training, Tadreeb, have signed an agreement to establish and manage the first specialised bank for volunteers. The bank will target volunteers across community categories to open electronic accounts, while compiling volunteers’ information and the available international and local volunteering opportunities. The agreement aims to ...

  Abu Dhabi / WAM Yas Island announced the launch of a new water taxi service to and from various locations at and around Yas Island. The service is the latest visitor-friendly component to be added to Yas Island’s scaled up transportation offerings, which already include the new Yas Express shuttle service and the ADCB Bikeshare network, powered by Cyacle. By ...

  Abu Dhabi / WAM Senaat, one of the largest industrial investment holding companies in the UAE, announced its participation in Tawdheef 2017. Senaat will be taking part in the event for the fifth consecutive year as the sponsor of the event this year and its industrial partner. Tawdheef, the UAE’s leading recruitment event, provides a platform for students and young ...

  Abu Dhabi / WAM With the aim of attracting Emirati talent aspiring to lead the dynamic operations of ports and industrial zones, Abu Dhabi Ports, is participating at Tawdheef 2017 which is being held between January 30 and February 1 at Abu Dhabi National Exhibition Centre (ADNEC). As part of its participation at Tawdheef, Abu Dhabi Ports will unveil tens ...

  Bloomberg Pakistan is confident of managing its rising debt obligations to China as the world’s second-largest economy boosts investment in the South Asia nation by about 20 percent. Pakistan will be able to handle repayments of Chinese soft loans to the government and businesses, which are part of a more than $50 billion of projects under the so-called China-Pakistan ...

  Bloomberg Sony Corp. said it will take a 112 billion yen ($1 billion) writedown in its movie business after reviewing the future profitability of its operations. The company said it would book the charge in the fiscal third quarter and is examining how that will affect its forecasts. To offset part of the loss, the company also said it ...

  Bloomberg Japan posted its first trade surplus in six years in 2016 thanks to a rebound in exports late in the year and persisting low oil prices, though uncertainties over US policy and global growth are overshadowing the recovery. The 4.1 trillion yen ($35.8 billion) surplus in 2016 compared with a 2.8 trillion yen deficit in 2015, the government ...

  Bloomberg The man blocking the world’s largest nuclear plant says he grew opposed to atomic energy the same way some people fall in love. Previously an advocate for nuclear power in Japan, Ryuichi Yoneyama campaigned against the restart of the facility as part of his successful gubernatorial race last year in Niigata. He attributes his political U-turn to the ...