News

  New York / BLOOMBERG American International Group Inc. raised $1.25 billion selling shares of Chinese insurer PICC Property & Casualty Co. near the low end of a marketed range. The largest commercial insurer in the U.S. and Canada sold 740 million shares of PICC P&C at HK$13.08 apiece, after earlier offering them at HK$13.06 to HK$13.35, according to terms ...

  DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority ( DSOA ), the regulatory body for Dubai Silicon Oasis , the integrated free zone technology park, approved the DSOA 2021 Strategy, which is based on UAE Vision 2021 and the Dubai Plan 2021 that provide an enabling operational framework for government entities ...

  ABU DHABI / WAM Juma Mohammed Al Kait, Assistant Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, is heading the UAE trade and investment delegation during his visit to Spain from May 3-4, to attend the UAE-Catalonia Forum, organised by the ministry in cooperation with the UAE’s Consulate General in Barcelona city. While in Spain, the delegation ...

  Bloomberg Britain risks losing its influence on the global stage if it votes to leave the European Union in June, business leaders warned. Publicis Groupe SA Chairman Maurice Levy, former Italian Prime Minister Mario Monti and Confederation of British Industry Director General Carolyn Fairbairn, making the case for Britain to remain in the EU in a Bloomberg Television panel ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) launched phase two of the SAP Governance, Risk, and Compliance system. This includes Asset Control, Process Control, and Risk Management. This phase focuses on managing access-related risks, roles, and business process controls. The second phase started during Q1 of 2016, with the deployment of Access Control and Process Control. Access ...

ABU DHABI / WAM The Ministry of Economy was invited to participate in the Astana Economic Forum (AEF), an annual event held in Astana, the capital of the Republic of Kazakhstan, which brings together representatives from the world’s economic community, current and former heads of states, Nobel Prize laureates, outstanding figures from the scientific world, and businessmen.

  NEW DELHI / WAM A joint delegation from the Ministry of Human Resources and Emiratisation, National Qualification Authority (NQA) and the Abu Dhabi Quality and Conformity Council, visited India to discuss ways to enhance cooperation in the areas of labour skills development, accreditation of professional qualifications, endorsement of training centres and evaluation of manpower.

  Sharjah / WAM Bank of Sharjah on Saturday announced its financial results for the three months ended March 31, 2016. During the period, the Bank continued to grow its loan book while maintaining the solid structure of the balance sheet, with high levels of both liquidity and capital. Total Assets reached AED 27,651 million, an increase of 6% over ...

  Sunaina Rana / EMIRATES BUSINESS Dubai Investments, the leading, diversified investments corporation listed on the Dubai Financial Market, announced that its subsidiary Emirates Building Systems (EBS) – part of Dubai Investments Industries (DII) has been endowed with a contract to provide steel structures for the second phase of the Riyadh Metro Project. Elaborating on the importance of the achievement, ...

  Abu Dhabi / WAM The National Media Council, NMC, on Saturday said it has selected architect Santiago Calatrava’s design for the UAE Pavilion for Expo 2020 Dubai. The design was approved by a jury including representatives from the NMC, Expo 2020 Dubai team, Masdar and Emaar. Spaniard Santiago Calatrava’s proposal was formally selected following a seven-month design competition managed ...