News

  Dubai / Emirates Business Describing SMEs as the backbone of Dubai’s economy that are in turn furthering entrepreneurship and innovation — the key pillars of the Dubai Chamber of Commerce & Industry’s (Dubai Chamber) strategy to support and enhance the competitiveness of local businesses — Essa Al Zaabi, Senior Vice-President, Institutional Support Sector, and General Coordinator of Tejar Dubai, ...

  Dubai / Emirates Business du has launched next-generation Cyber Security services encompassing Security Monitoring and Analytics as well as Firewall Management Services to protect businesses across the UAE from cybercrime. The du Enterprise Security Operations Centre (SOC) uses some of the most innovative and advanced cyber security platforms hosted in the UAE that have been built to adapt, learn ...

  Dubai / Emirates Business Mashreq, the UAE’s leading financial institution, announced a month long Buy to Fly promotion to rewards its cardholders the month of October a memorable one for all debit and credit card members. Understanding that travel is always top-of-mind for UAE consumers, this year, Mashreq has offered its cardholders an opportunity to fly for free anytime, ...

  Emirates Business Constance Belle Mare Plage reopens with newly designed suites and villas in a bold and chic style, amid a lively and cosy atmosphere. The resort has undergone in a makeover during the last few months while being careful to retain all of the special elements that have made it a success through the years. This hugely popular ...

  Dubai / Emirates Business SUSE®, a pioneer in Enterprise open source software, has announced their participation at GITEX Technology Week 2016, where they will showcase their four main product offerings for the Software Defined Data Center (SDDC) and Zero Downtime Environments – mission critical Enterprise Linux, private cloud, storage and Linux management. Commenting on their participation at GITEX 2016, ...

  DOHA / Reuters Gulf carrier Qatar Airways and Boeing will hold a news conference on Friday, a spokeswoman for Qatar Airways told Reuters on Wednesday, as a big sale of Boeing widebody jetliners looked close to being clinched. Qatar Airways is in the process of firming up the order, which was delayed by the Qatari government in an effort ...

  CAIRO / Reuters Beltone Financial, Egypt’s largest asset manager, said on Tuesday it had acquired 60 percent of New York-based brokerage firm Auerbach Grayson & Company. Beltone has 30 billion Egyptian pounds ($3.38 billion) in assets under management and has executed over 100 billion pounds in M&A and capital markets transactions. It was acquired by billionaire businessman Naguib Sawiris’s ...

  Reuters Intensive care wards in Yemen’s hospitals are filled with emaciated children hooked up to monitors and drips – victims of food shortages that could get even worse due to a reorganisation of the central bank that is worrying importers. With food ships finding it hard to get into Yemen’s ports due to a virtual blockade by the Saudi-led ...

  Singapore / AFP Britain’s shock decision to leave the European Union will not be as damaging to developing Asia’s economies as feared, the World Bank said Wednesday as it increased its growth forecast for the region this year. Countries in the Mekong region led by Myanmar are projected to expand at the fastest pace in the next three years, ...

Tokyo / AFP Sompo Holdings said on Wednesday it would buy Bermuda-based Endurance Specialty Holdings for $6.3 billion, becoming the latest Japanese firm to make an overseas acquisition as it faces slowing growth at home. The all-cash deal for New York-listed Endurance, which has a strong presence in the lucrative US market, is expected to be completed by the end ...