News

  Bloomberg German government bonds fell for a second day as greater political clarity in the U.K. and the prospect of a boost to monetary stimulus globally supported stocks and reduced demand for the safest assets. Yields on the nation’s 10-year bunds, the euro zone’s benchmark government securities, climbed to the highest in a more than a week — days ...

  Bloomberg A flood of soured assets will come on the market in Italy if a referendum to overhaul the political system is approved in the autumn, said Keith Breslauer, founder and managing director of Patron Capital Partners. “The opportunity in Italy is far greater” than in the U.K. after it voted to leave the European Union, Breslauer said in ...

  Bloomberg Daimler AG rose the most in three weeks after the company solidified its lead in the luxury-car market and said it’s confident of reaching this year’s underlying profit goals, despite more than 1 billion euros ($1.1 billion) in one-time costs in the second quarter. Adjusted earnings before interest and taxes rose 5.6 percent to 3.97 billion euros in ...

  Abu Dhabi / WAM The General Index for Consumer Confidence in Abu Dhabi’s economic performance during Q1 of 2016 recorded about 115 points on average, reflecting continuous optimism among the consumers of different demographic and social segments towards the economic conditions in Abu Dhabi. This further reflects consumers’ confidence in Abu Dhabi’s economic capabilities to accommodate the current economic challenges ...

  Dubai / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, was honoured with the prestigious Excellence in Practice Citation Award by the Association for Talent Development (ATD). The bank won in the Organisational Learning & Development and Learning Technologies categories for its ‘CX Learning Initiative’ that aims at inculcating the customer-centric philosophy of ...

  Dubai / WAM The Emirates NBD Dubai Economy Tracker said that business conditions strengthened in June amid the fastest rise in new work since March 2015. June data pointed to a sustained recovery in growth momentum across the Dubai private sector, led by improving business conditions in the travel and tourism and wholesale and retail sectors. At 54.6, up slightly ...

  Abu Dhabi / WAM In the presence of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, on Monday unveiled the first mural artwork in Al Raha Beach, Abu Dhabi. Visible from the roads leading into Abu Dhabi, the artwork is an expression of the ...

Dubai / Emirates Business Kuwait’s KAMCO Investment Company, a leading investment company with one of the largest private sector Assets under Management (AUMs) in the region, on Monday announced the opening of its first international office in DIFC. A subsidiary of United Gulf Bank BSC (UGB) Bahrain, KAMCO obtained a Category 4 license from the Dubai Financial Services Authority (DFSA). ...

  Emirates Business A newly-released report highlights that the UAE is leading the Arab world when it comes to generating economic impact from investments in information and communications technologies (ICT). The study, titled the World Economic Forum’s Global Information Technology Report 2016, ranked the UAE 26th globally, just ahead of Qatar (27th) while Kuwait (61st) as one of the world’s ...

  Emirates Business Al Hamra Real Estate Development (AHRED) has extended its winning streak after claiming two awards at the recent MEED Quality Awards for Projects. The Al Hamra Village-based Waldorf Astoria won Best Tourism and Leisure Project UAE. The recently-launched Bayti (meaning ‘my home’ in Arabic) picked up Best UAE residential Property of the Year. “Al Hamra Real Estate ...