News

  SHARJAH / WAM The Bank of Sharjah on Sunday announced its financial results for the six months ended June 30, 2016. During the period, the bank continued to adopt a very conservative credit policy and reduced expensive deposits while maintaining high levels of liquidity and a considerably low loan to deposit ratio. Net profit for the first half of 2016 ...

  ABU DHABI / WAM Emirates Global Aluminium (EGA), one of the world’s leading aluminium producers, has been named one of the top rapidly globalising companies in the Boston Consulting Group (BCG) 2016 Global Challengers report. This is EGA’s second citing, having also been included in the 2014 edition of the BCG Global Challengers report which focuses on the innovative business ...

  Abu Dhabi / WAM Solar Impulse 2 (Si2), the solar-powered plane attempting to become the first aircraft in the world to circumnavigate the Earth without using a drop of fossil fuel, will complete its epic journey in the early hours of Tuesday morning, returning to the city where its adventure began in March last year. The iconic aircraft’s arrival in ...

  ABU DHABI / WAM Abu Dhabi Securities Market (ADX) and Abu Dhabi Global Market (ADGM) have entered into an agreement to foster bilateral cooperation. Chairman of ADX, Hamad Abdullah Al Shamsi, and Chairman of ADGM, Ahmed Al Sayegh signed the memorandum of understanding (MoU) at ADGM Office in the presence of senior officials from both organisations. The agreement supports ...

  Dubai / Emirates Business The Department of Economic Development met with representatives of major hypermarkets in Dubai to discuss the setting up Consumer Protection Counters across retail outlets for receiving and resolving consumer complaints amicably. Meetings have been concluded with seven hypermarkets, including Emirates Co-operative Society, Carrefour, Spinneys, Union co-operative Society, Géant, Lulu and Hyper Panda. The Commercial Compliance ...

  Yerevan / WAM According to a study by Alpen Capital Middle East, as a result of its rising population the UAE is expected to witness the fastest growth in food consumption by 2019. Mazola conferred that there is also an upsurge in food consumption anticipated in the other Gulf countries, resulting from promising macroeconomic developments. This increase is expected to ...

  Dubai / Emirates Business The Ewan Residences to dig up across-the-board revamp to align with the modern lifestyle needs of New Dubai. Ewan Residences is a flagship residential community owned and developed by the Lootah Real Estate Development LLC, a high-end property developer in the UAE. It was announced in company’s Annual Leaseholders Meeting held in Dubai. The meeting ...

  Dubai / Emirates Business Paladion, a specialized information risk-management provider, has on Sunday announced that it received the gold partner status with Tenable Network Security, Inc., a company transforming security technology for the business needs of tomorrow, to provide customers with the complete visibility and critical context needed to take decisive actions that strengthen security posture across the entire ...

  Dubai / Emirates Business Under the unlimited support of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and President of Hamdan Bin Mohammed Smart University (HBMSU), and the close follow up of the Board of Trustees, the university has received Pearson recognition in education. The achievement complements HBMSU’s leadership in driving innovation, creativity and ...

  Washington / AFP In 1890, the psychologist William James wrote that there was “no more miserable human being than one in whom nothing is habitual but indecision.” Indecision is certainly not the habit of Federal Reserve policy makers. But as a divided Fed gathers next week to consider interest rates, they may yet again revise positions that have repeatedly ...