News

  Dubai / Emirates Business As part of Mashreq’s commitment to support SMEs and provide them with the state of the art banking facilities and innovation, the bank announced the launch of a new and exclusive mobile banking app for SMEs called ‘SnappBiz’. The aim of the app is to provide easier, more efficient and accessible services for SME customers ...

  DUBAI / WAM The Expo 2020 Dubai, the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) and Tejari, the strategic procurement company, have signed a Memorandum of Understanding (MoU) that will broaden access for thousands of Small and Medium Enterprises (SMEs) in the emirate to tender for opportunities offered by the AED 25 billion mega-event. ...

  ALKESH SHARMA / Emirates Business Moving at a fast pace towards ensuring food security and long-term sustainability in the farm industry, UAE has taken firm strides towards organic farming. This smart switch from the traditional farming practices to organic way of cultivating is being seen as a move aimed towards devising solutions to adversities including harsh climatic conditions, saline ...

  ALKESH SHARMA / Emirates Business The economy of UAE — the world’s eighth largest oil producer — fundamentally remains shielded from the global slowdown, thanks to its 300,000 small and medium-sized enterprises (SMEs) that contribute nearly 60 percent to the Gross Domestic Product (GDP). Minister of Economy HE Sultan bin Saeed Al Mansouri has said he expects the contribution ...

  RITIKA SHARMA / Emirates Business From tourism to education and health to bio-diversity, UAE has made considerable strides in diversifying its economic prospects. Medical tourism is one such sector that is helping UAE to add to its highly regarded image of being a shopping or luxury holiday destination. Medical tourism has considerably added to the overall tourism sector of ...

  Dubai / Emirates Business This football season, become a part of Dubai’s biggest indoor viewing venue and support your favourite European team, while enjoying the unique atmosphere of the Dubai Sports City and ENG’s Football Fest and celebrate football with other fans from across the UAE . Showcasing a football tournament which witnesses the clash of the European football ...

  Dubai / Emirates Business Emirates Green Building Council (EmiratesGBC), an independent forum aimed at conserving the environment by strengthening and promoting green building practices, has further strengthened its participatory role in setting the global agenda for sustainable built environments. This was underlined with Habiba Al Marashi, EmiratesGBC co-founder, board member and treasurer, being appointed to the Membership Committee of ...

  Bloomberg Argentina’s President Mauricio Macri will send a public private partnership bill to Congress in the coming weeks that will increase the country’s financing capacity by as much as $90 billion, according to his top adviser on foreign investment. The bill will allow the government to speed up its investment in infrastructure while providing legal guarantees for private sector ...

  Bloomberg Last week’s tepid jobs report may have dominated financial headlines in the U.S., but the oil market quietly had some better news for the American economy. The U.S. petroleum trade deficit, the gap between the value of imports and exports, shrank to a seasonally adjusted $3.13 billion in April, the Census Bureau said on June 3. That left ...

  Bloomberg YPF SA, Argentina’s state-controlled energy firm, named Total SA managing director Ricardo Darre as chief executive officer to lead the country’s biggest company. Darre, the head of the U.S. exploration and production unit since August 2014 at France’s largest oil company, will start July 1, according to an e-mailed statement from Buenos Aires-based YPF. “With the incorporation of ...