News

  Dubai / Emirates Business Dubai Business Events (DBE), the city’s official convention bureau and a division of Dubai Tourism, in partnership with the Dubai Real Estate Institute (DREI), the education arm of the Dubai Land Department (DLD), on Saturday announced that the Emirate will host the 69th World Real Estate Congress in 2018. The annual event organised by the ...

  Abu Dhabi / WAM The Department of Municipal Affairs and Transport (Abu Dhabi City Municipality) is planning to undertake during the third quarter of this year construction works in upgrading rainwater drainage works at a cost exceeding AED 39 million. The project is set for completion two years after the start date. The project epitomises the keenness of the Department ...

  Dubai / Emirates Business Institute of Management Accountants announces Imdaad as this year’s recipient of the “IMA ME Finance Team of the Year Award.” Through this award, IMA identifies and honours the contribution of finance teams in the overall success of their organizations based on the foundations of outstanding performance, management accounting excellence, business partnering and innovation. The recognition ...

  Dubai / Emirates Business Dubai Customs enhanced its outreach to the global business community with a senior delegation visit to Huawei headquarters in Shenzhen, China. To learn first-hand about Huawei’s best practices in areas related to supply chain and customs compliance was the main objective of the visit. The delegation’s mission to Huawei was geared to promote coordination and ...

  Abu Dhabi / Emirates Business Under the patronage of His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai International Marine Club (DIMC), the Department of Economic Development (DED) announced the opening of the ‘Sirage Exhibition,’ a Ramadan charity bazaar, being held June 16-21 at the Dubai Festival City Mall. The exhibition features over 50 ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the region’s leading multi-line insurance providers for individuals and corporates, announced its support to Al Bayt Mitwahid Association for the third consecutive year. Al Bayt Mitwahid, which was launched by the employees of the Abu Dhabi Crown Prince Court in 2012, has since become the foremost ...

  New Delhi / AFP The popular governor of the Reserve Bank of India, Raghuram Rajan, will step down when his term ends in September to return to academia, he wrote in a letter to colleagues published on the central bank’s website on Saturday. Speculation has been rife in the Indian media about whether the former IMF chief economist intended to ...

  Beijing / Bloomberg Alibaba Group Holding Ltd.’s financial affiliate is planning to purchase a 20 percent stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia. Zhejiang Ant Small & Micro Financial Services Group, known as Ant Financial and controlled by Alibaba co-founder Jack Ma, also wants an option to increase ...

  Tokyo / AP Mitsubishi Motors is giving 100,000 yen ($960) to each Japanese owner of its car as a compensation for inflated mileage and extra gas costs. The Japanese automaker said Friday it will take a 50 billion yen ($913 million) charge to cover mileage-rigging expenses, including for the eK minicar models sold in Japan since 2013, and also ...

  Tokyo/ bloomberg Siemens and Gamesa Corp. Tecnologica agreed to combine their wind-turbine manufacturing businesses, creating a company that will dominate the industry and speed up consolidation triggered by competition and price pressures. Europe’s largest engineering company will own 59 percent of the capital of the new business, Gamesa said in a statement on its website. Gamesa, based in Zamudio, ...