News

  Emirates Business The UAE’s leading financial institution, Mashreq, announced that Christophe Pella has been named Head of its Asset Management unit and CEO of Mashreq Capital (DIFC) Ltd. The appointment of Pella is subject to regulatory approval. Pella arrives from London, where he most recently served as a Global Rates Portfolio Manager at Legal & General Investment Management (LGIM). ...

  Emirates Business Following the success of last year’s Agent 055 Network activation, du is once again offering ambitious UAE youth the chance to whet their appetites for entrepreneurship. This year’s initiative will be more dynamic than ever before, immersing young wannabe entrepreneurs in the business world and looking more toward talent recruitment. This initiative enables du to further strengthen ...

  Reuters Qatar’s government will levy a new airport tax on passengers from Tuesday as the country seeks new revenue streams amid falling oil prices. Every passenger leaving Qatar from Doha’s Hamad International Airport, including transit passengers, will be charged 35 riyals ($9.61) for using airport facilities, according to a statement by the airport. The charge will apply to tickets ...

  Reuters Qatar National Bank (QNB) has been given approval to open a branch in India offering banking services, the Gulf region’s largest lender said on Sunday. The bank, which in June completed the 2.7 billion euro purchase of Turkey’s Finansbank, has a presence in more than 30 countries across Europe, the Middle East, Africa and Asia. In a statement, ...

  Bloomberg Egypt will no longer accept imported wheat containing any traces of the ergot fungus, the Agriculture Ministry said, sowing fresh regulatory confusion that has hampered shipments to the world’s biggest buyer of the grain. The new ruling runs counter to a less restrictive policy by the Supply Ministry allowing for shipments containing as much as 0.05 percent ergot ...

  AJMAN / WAM Yafea’ Al Faraj , Ajman Real Estate Regulatory Agency (ARRA) Executive Director, held a meeting with a Chinese delegation led by Feng Lu, Director General of the Gulf-Chinese Trading Corporation, to review real estate investment opportunities in Ajman. The delegation was briefed by Al Faraj about the real estate investment opportunities available in freehold areas, especially ...

  DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, toured various Dubai government departments on Sunday morning to inspect the quality of services they provide. The visits made mainly to service-oriented departments were aimed at assessing their readiness to provide high-quality and timely services to ...

  ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said that the OPEC’s current market share is at good level despite different views on the oil market. Tweeting on his official Twitter account on Saturday, he added, “We acknowledge and understand the market challenges but in my view our sector is resilient to overcome ...

  Dubai / EMIRATES BUSINESS The pivotal role of women entrepreneurship for economic growth and development is widely being recognized and encouraged by GCC governments as evidenced by the highest ever rates of entrepreneurial and business activity by regional women, revealed an Al Masah Capital Report on “GCC Women – Entrepreneurs in a New Economy”. SME’s led by women manage ...

  Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the UAE’s international development arms, hosted its annual Women and Innovation seminar to mark Emirati Women’s Day. Moderated by Fatima Al Balooshi, Head of Media and Communications at Abu Dhabi Fund for Development the seminar had key note contributions from Dr Omniyat Al-Hajri, Director of Public Health and ...