Dubai /Â WAM Dubai Economy and the Dubai Quality Group (DQC) have signed an agreement to promote participation in community welfare activities sponsored by the two organisations. The agreement seeks to promote innovation and partnerships, as well as consolidate all efforts towards implementing the directives of the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan to observe 2017 ...
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DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Board of Dubai World Trade Centre Authority (DWTCA) announced the 2016 annual performance of Dubai World Trade Centre (DWTC) as the business surpassed a significant milestone in visitation traffic hosting 3.03 million delegates and attendees to events. The results represent an impressive 11% year-on-year footfall ...
Read More »SHARJAH / Emirates Business Sharjah Islamic Bank (SIB) posted a net profit of AED 139.1 million for the first quarter of 2017 compared to AED 131.4 million for the same period last year, a 5.9 % increase. Total assets reached AED 34.6 billion at the end of the 1st Quarter 2017 compared to AED 33.5 billion at the end ...
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DUBAI / Emirates Business Etisalat on Sunday signed an agreement with Al Fardan Exchange, one of the oldest and most established names in the UAE remittance market, to improve customer experience and provide convenient seamless payment solutions across the country. The agreement signing ceremony was held at Etisalat Head Office in the presence of senior executives from Etisalat and ...
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DUBAI / WAM The government of the UAE has launched “The Future in 60 Minutes” initiative, which includes a series of 60-minute lectures to discuss various topics on vital aspects of the UAE’s strategy to predict the future. The Future in 60 Minutes initiative will host international experts speaking on the subject of predicting the future, who will provide a ...
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Bloomberg With a $3 billion purchase from ConocoPhillips, billionaire oilman Jeffrey Hildebrand is once again trying to succeed in a corner of the oil and gas world others are leaving behind. Hildebrand’s Hilcorp Energy Co. agreed to buy the fields in the San Juan Basin, taking on holdings in the southwestern US that Conoco sees as less appealing given ...
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Bloomberg China’s bond issuers, faced with 9.7 trillion yuan ($1.4 trillion) of maturing debt this year, are stepping on the gas. Companies and governments sold 1.3 trillion yuan of onshore notes in March, about as much as in the first two months of the year combined, according to data compiled by Bloomberg that excludes certificates of deposit. Fitch Ratings ...
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Bloomberg Prime Minister Narendra Modi’s ambitious plans to spend a record $60 billion on India’s infrastructure this fiscal year may provide a much-needed boost to the rupee loan market after project-finance volumes slumped last year. Bank loan commitments for project financing may potentially double to 2 trillion rupees ($31 billion) this financial year, according to Muhund Kannappan, a credit ...
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Bloomberg Broadcom Ltd. has lined up financing from three Japan banks and private-equity firm Silver Lake as it bids for Toshiba Corp.’s semiconductor business, according to people familiar with the matter. The lending units of Mizuho Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. plan to provide about $15 billion in loans, while ...
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Bloomberg Infosys Ltd. will return $2 billion to shareholders this year and pledged to raise dividends and stock-buybacks as it deploys more of its cash hoard after delivering a sales outlook that fell short of estimates. Starting this year, it will begin distributing as much as 70 percent of annual free cash flow, compared with a previous policy of ...
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