News

  Sharjah / WAM The United Arab Bank, UAB, announced its financial results for the six months ended June 30, generating a net profit of AED71 million. The bank says that it is returning to its traditional ‘core’ corporate roots, complemented by focussed retail and treasury propositions, while continuing to pro-actively de-leverage from its ‘non-core’ higher risk portfolios in an ...

  ABU DHAB-BEIJING / WAM The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the China Securities Regulatory Commission (CSRC) entered into a Memorandum of Understanding (MoU) to facilitate cross-border activities and enhance regulatory collaboration between the two jurisdictions. The MoU provides a framework to provide assistance, exchange regulatory information and cooperate in the supervision ...

  Dubai / Emirates Business “With our resilient balance sheet and strong franchise, we remain focused on delivering sustainable growth and improving long-term financial performance and returns for shareholders. Our strategic pillars continue to define our business model and provide a clear direction for us. We are well positioned for the second half of 2016 and confident in our ability ...

  RITIKA SHARMA / Emirates Business As ‘digital’ becomes a global trend and experts point towards the Fourth Industrial Revolution, UAE has emerged as a leader representing this transition. The latest Global Information Technology Report 2016 by World Economic Forum ranks UAE among top 30 countries in terms of Networked Readiness Index (NRI), making the visionary efforts of the nation ...

  Dubai / Emirates Business Difficulties arising from operating in more technically-challenging physical environments is the number one risk on the minds of executives in the natural resources industry in the MENA region, according to a new Natural Resources Risk Index and top ten ranking released by Willis Towers Watson (NASDAQ: WLTW), the leading global advisory, broking and solutions company. ...

  RITIKA SHARMA / Emirates Business Keeping up pace with the latest trends in the field of marketing, UAE hospitality industry is testing out the benefits of video advertising. Brand experts in the country are claiming that video marketing will become a major content medium of communicating with consumers in the near future. One of the most talked about initiates ...

  DUBAI / Emirates Business The UAE will face the ultimate test of physical strength, stamina and mental grit when worldwide phenomenon ‘Tough Mudder’ makes its Middle Eastern debut from December 9-10 this year. Early bird registration exclusively for du customers opened on July 18 at www.toughmudder.ae and registration will open for all participants on Wednesday (July 20). Taking place ...

  ALKESH SHARMA / Emirates Business UAE’s construction and real estate sector is poised for sturdy growth over the next five to ten years, as the industry is exploring an already favourable Public Private Partnership (PPP) investment structure. However, at a time when many banks are shying away from giving easy loans, PPP model emerges as a boon in the ...

  RITIKA SHARMA / Emirates Business For regional businesses looking to digitally transform, the idea of an all-flash data center has become a practical reality, regional IT experts opine. However, the demand for the technology remains high, regional players are citing ‘cost’ as a major barrier in the adoption of this technology. Regional experts voice that it is high time ...

  Dubai / Emirates Business The Chartered Institute for Securities & Investment (CISI), has partnered with the University of Dubai and its Centre of Executive Development to provide internationally recognised financial qualifications to students. This partnership recognises University of Dubai as the first educational institution in the UAE to partner with CISI, highlighting the growing demand for professionalism in the ...