News

  Abu Dhabi / WAM Milrem, the Estonian defence solutions provider, has joined forces with Raytheon UK, Advanced Electronics Company and IGG Aselsan Integrated Systems to demonstrate advanced robotic warfare capability based on their fully modular hybrid unmanned ground vehicle THeMIS. Together with these prestigious partners, Milrem is exhibiting three different solutions of the world’s first fully modular hybrid unmanned ground ...

  Dubai / Emirates Business In 2016, Dubai Trade added ‘LogiGate’ to its portfolio of innovations. It stands as a transportation and warehousing marketplace that enables cargo owners to book competitive haulage and storage services using a smart phone. In building their own systems and programmes, Dubai Trade is ensuring long-term technological investment that can be applied to new markets ...

Dubai / Emirates Business The Etihad Museum announced that it has received a vast number of government and diplomatic representatives from all across the UAE, following its opening to the public. As the dedicated entity for culture, arts and heritage in the Emirate, and the authority managing the museum’s daily operations, Dubai Culture & Arts Authority (Dubai Culture) ensured that ...

  Dubai / WAM Mashreq, one of the UAE’s leading financial institutions, recently announced the Grand Prize winner of the ‘Liability Balance Builder Campaign’. During the Campaign Period (September to December 2016), each month 10 customers won 22kt gold coins and one customer won a luxury Breitling watch. By the end of the campaign, a total number of 40 customers had ...

  Dubai / WAM Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its partnership Beit Al Kheir Society to launch a food distribution initiative. The distribution will be done via a special food truck to those in need across the UAE, with regular distributions planned on a weekly basis. Awatif Al Harmoodi, General Manager, Operational Quality ...

  Dubai / Emirates Business Kicking off its partnership with the 2017 Emirates Airline Festival of Literature, Dubai Festival City opened a unique art exhibition within the centre court of its Mall. From February 20 to March 11, visitors can enjoy 400 pieces of art created by children from 55 schools across the UAE for free. The exhibition, supported by ...

  Bloomberg China’s financial regulators are working together to draft sweeping new rules for the country’s rapidly-expanding asset-management products that aim to make it clear there’s no government guarantees on such investments, according to people familiar with the matter. The draft rules would apply to products issued by banks, insurers, brokerages and other financial institutions, said the people, who asked ...

  Bloomberg Billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. will begin charging for its services from April 1 and extended a slew of promotional offers to users as India’s newest wireless carrier attempts to retain customers. Customers who adopt Jio before March 31 will have the option of signing up for Jio Prime at 99 rupees ($1.48), plus a monthly ...

  Bloomberg Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still “very resilient,” Nati- onal Development Minister Lawrence Wong said. Singapore home prices fell 3 percent in 2016, with prices declining for the 13th straight quarter in the last three months of the year for the longest streak ...

  Bloomberg A recent change to India’s trading rules has opened the door for fund managers to increase their holdings of derivatives in the country, loosening restrictions that had stifled trading. The Securities and Exchange Board of India last month increased the combined futures and options trading limit by removing some caps on contracts and on the market value of ...