News

  Washington / AFP US regulators have given trading group IEX a green light to launch a new stock exchange, which will operate at a slightly slower speed of trading, the Securities and Exchange Commission said. Investors Exchange (IEX) will introduce a small delay or “speedbump” of 350 milliseconds on orders to buy and sell stock, in an attempt to level ...

  New York / AFP Shares of Oi SA tumbled on speculation that Brazil’s most indebted telecommunications operator is closer to filing for bankruptcy protection after documents showed little sign of progress in talks with bondholders. The documents give a glimpse into just how complicated the restructuring is. Rio de Janeiro-based Oi, which has about 50 billion reais in debt ($14.5 ...

  ABU DHABI / WAM Foreign investors purchased AED 570.7.2 million worth of shares on Dubai Financial Market (DFM) and sold AED 666.5 million over the week, DFM said on Thursday. Net foreign investment on the market reached AED 95.7 million, as aggregate sell. Value of shares bought by foreigner investors comprised 44.4 per cent of the total value of ...

  Paris / EMIRATES BUSINESS The Abu Dhabi National Exhibitions Company (ADNEC) pavilion showcasing the International Defence Exhibition & Conference (IDEX) and the Naval Defence Exhibition (NAVDEX) has drawn high interest from key exhibitors and decision makers in the global defence industry at the Eurosatory 2016 currently underway in the French capital Paris. Held under the patronage of His Highness ...

  Dubai / WAM Microsoft opened a new centre of excellence for the oil & gas industry in Dubai. The Middle East and Africa centre has been launched to assist organisations in the sector to drive digital transformation, cut costs and optimise processes in their organisations. The centre, which is the largest such facility for Microsoft globally, will focus on emerging ...

  Dubai / Emirates Business FGB, one of the leading banks in the UAE, is celebrating after its Ferrari card was recognised as the ‘Best Premium Credit Card’ at the 2016 Smart Card and Payments Awards for the second year in a row. Bank representatives received the award during a ceremony which recently took place at the Armani Hotel in ...

  Dubai / WAM Passengers travelling to Melbourne, Australia will now have another direct flight option with Emirates announcing that flights EK408 and EK409 will begin operating as nonstop services from Dubai from October 30. Operated by an Emirates B777-300ER aircraft, EK408 will depart Dubai at 03:00hrs and arrive in Melbourne (MEL) at 23:20hrs. The return flight, EK409, will leave Melbourne ...

  ABU DHABI / WAM The Arab Trade Financing Program (ATFP) approved 117 requests for financing trade deals worth US$249 million during its board meeting on Wednesday, which was dedicated to reviewing trade finance activities during the first quarter of the year. With the latest approvals, the cumulative volume of financing made available by the Abu Dhabi-based ATFP since inception in ...

  Dubai / Emirates Business The second batch of graduates of the world’s pioneering Internal Auditing training programme were honoured at the recent graduation ceremony by UAE IAA in collaboration with the Higher Colleges of Technology and Protiviti at HCT, Abu Dhabi Men’s college and was attended by Abdulqader Obaid Ali, UAE IAA President, Ahmed Al Khouli, HCT Head of ...

  Sunaina Rana / Emirates Business As digitalisation penetrates into almost every sector around the globe, companies in the MENA region are leaving no stone unturned to grab their space in the online world. Google Analytic estimates that MENA consumers are now relying more on their brands’ digital messages than before, to guide them through a purchase journey. It points ...