News

  AFP The European Commission on Tuesday accepted a proposal by iconic Hollywood studio Paramount to end geographic blocking of its films in licence deals with TV channels. The deal is a small step towards the EU’s dream of building a digital single market, in which the European Union’s 500 million people will no longer be blocked from subscribing to ...

  Bloomberg Brazil’s swap rates rose to the highest level in two months after the central bank said it sees no room to cut borrowing costs that are near a decade high as inflation hasn’t been moderating fast enough. Swap rates on the contract maturing January 2018 rose 0.06 percentage point to 12.88 percent at 10:35 a.m. in Sao Paulo. ...

  Miami / AFP Futuristic technologies that promise to improve people’s strength and smarts by editing genes, implanting brain chips or super-charging blood have raised more concern than enthusiasm among Americans, a poll showed on Tuesday. The survey by the Pew Research Center included more than 4,700 US adults, and is considered a nationally representative sample. When asked about gene-editing, ...

  KUALA LUMPUR / WAM The Islamic Financial Services Board (IFSB) and the Arab Monetary Fund (AMF) signed on Monday in Kuala Lumpur, Malaysia, a Memorandum of Understanding (MoU) for an initial period of three years, to establish and implement a non-exclusive framework for the cooperation and collaboration to promote programmes and initiatives that foster the development of the Islamic ...

  Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (ADDED) issued a decision that allows the licensing of restaurants that provide their services through mobile vehicles, subject to their being an existing restaurant or foodstuff catering license that is either owned 100% by a UAE citizen or with a local partner. Mohamed Munif Al Mansouri, Executive Director of ...

  Abu Dhabi / WAM Tadweer, the Centre for Waste Management – Abu Dhabi, has announced that it collected around 74,000 tonnes of waste during the Holy Month of Ramadan and Eid Al-fitr, in collaboration with all relevant parties in Abu Dhabi to ensure seamless operations. Eisa Saif Al Qubaisi, General Manager of Tadweer, said, “During the Holy month of Ramadan, ...

  Ajman / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, has been briefed on the programmes, objectives and strategies of the Statistics Centre – Abu Dhabi (SCAD) and its future plan. This came during a meeting between HH Sheikh Ammar and Butti Ahmed Mohamed bin Butti Al Qubaisi, Director-General of the Statistics Centre – Abu Dhabi, ...

  Emirates Business Al Mazaya Holding (K.S.C.P) announced its financial results for the first half of 2016, with the company reporting a net profit of USD13.68million in the first half of 2016, compared to USD13.54million in the corresponding period for 2015. Earnings Per Share (EPS) reached2.203cent, compared to 2.187cent, in the first half of 2015. Speaking after the recent meeting ...

  Dubai / Emirates Business Emirates NBD, a leading bank in the region, bagged ‘Best Customer Experience – Banking’ at the 2016 Customer Experience in Financial Services Asia (#CXFS Asia) Awards in recognition of its exceptional commitment to provide superior customer experience in 2015. Emirates NBD’s strategic focus on offering an enhanced customer experience in recent few years has significantly ...

  Dubai / Emirates Business Summertown Interiors, the UAE’s leading fit out contractor specialising in green interiors, has been awarded the Gold LEED for Existing Buildings: Operations and Maintenance (LEED EBOM) certification for the ongoing operations and maintenance of its headquarters located in the Jebel Ali Free Zone, Dubai. LEED EBOM certification identifies and rewards current best practices and provides ...