News

  Bloomberg Morgan Stanley, which advised investors to bet on bonds before the U.K.’s vote to leave the European Union sent global debt markets surging, is cooling toward government securities. The bank revised its outlook after yields in the so-called Group of Four — the U.S., Japan, Germany and the U.K. — plunged to records last week. Morgan Stanley, one ...

  Cucuta, Colombia / AFP Thousands of Venezuelans poured across the border into Colombia on Sunday to buy essential goods during a brief opening of the border that’s been closed for nearly a year. After ordering the border closed last August for security reasons, Venezuelan President Nicolas Maduro authorized a maximum 12-hour opening of the pedestrian bridge that connects Tachira, ...

  Dubai / WAM Dubai Financial Market (DFM) has been recognised as the Best Stock Exchange for Shariah-Compliant Listings as part of Global Finance magazine’s ninth annual review of the World’s Best Islamic Financial Institutions. Winners will be honored during an award ceremony due to take place in Washington, October 2016 on the sidelines of the IMF/World Bank meetings. The ...

New Delhi / AFP Britain’s vote to leave the European Union and simmering discontent in other Western countries is seen as hastening the arrival of an “Asian Century”, analysts say, led by the rise of China and India. By 2050, Asia will account for over half the world’s GDP, almost double that of 2011, according to the Asian Development Bank, ...

  Abu Dhabi / WAM Mubadala Development Company, the Abu Dhabi-based investment and development company, is set to showcase its growing aerospace capabilities at this year’s Farnborough International Airshow, one of the largest international aviation events. This year marks the 50th edition of the Airshow, which will be held from 11th to17th July in Farnborough, United Kingdom. Mubadala will be attending ...

  Dubai / Emirates Business Dubai Holding, the global investment holding company, on Sunday formalised a long-term strategic partnership with Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, to improve children’s access to quality education in underprivileged communities around the world. This initiative is part of Dubai Holding’s commitment to achieve sustainable results while driving forward the ...

  Dubai / Emirates Business Mashreq, one of the leading banks in the UAE, was recognized recently for its commitment to banking excellence, as it won awards for ‘Best Credit Card’ and ‘Most Improved Payment Card’ at the 2016 Card & Payments Middle East awards. Mashreq was awarded ‘Best Credit Card’ for its Etisalat Signature Card. The card uses a ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) honoured the winners of the 2nd DEWA Suppliers Cricket Tournament 2016. The tournament was held at the Insportz Club in Al Quoz, Dubai, and witnessed the participation of 20 corporate teams. Other than cricket, DEWA also organised a football and women’s bowling championship. ...

  Abu Dhabi/Dubai / Emirates Business Daikin VRV IV Series has received the Abu Dhabi Trustmark for Environmental Performance from the Abu Dhabi Quality Conformity Council (QCC). Daikin’s VRV IV has become even smarter; not only is it especially equipped to handle the sizzling heat of the Middle East, but with its unique VRT technology, it constantly monitors ambient temperature ...

  Dubai / Emirates Business Career success consists of a number of different components and insights from MENA professionals illustrate how closely connected these factors may be. But a few key elements prevail, as shown by a recent poll entitled “The Bayt.com Secrets of Career Success in the MENA” poll, conducted by Bayt.com, the Middle East’s leading career site. The ...