News

ABU DHABI / WAM National Bonds Corporation, the leading UAE company specialised in a unique and investment Sharia compliant programme, released its 2015 Savings Index findings based on a survey conducted among 2,000 respondents in the GCC region. Compiled by Sondos Market Research, the survey aimed to gain feedback on three key areas: financial stability, potential of saving and existence ...

Sunaina Rana / Emirates Business Crucial role of women in the corporate boardrooms and the importance of their say in the final decision making took the center-stage during recently held session by a Dubai-based NGO ‘Reach’ that conducted it in association with Australian Business Group in Abu Dhabi. In a bid to promote women in business circles, Reach held panel ...

Dubai / Emirates Business The 11th annual World Takaful Conference (WTC) played host to powerful keynote addresses to a packed audience of over 300 industry leaders from the Middle East, East Asia, Europe and Africa. Convened by Middle East Global Advisors and in strategic partnership with the Dubai International Financial Centre (DIFC) Authority, WTC is held under the theme “Prudent ...

Abu Dhabi / Emirates Business Marina Mall, the capital’s leading shopping destination, attracted over 2,500 visitors of all ages to the Tom and Jerry show and activity area during its ‘15 Years of Inspiring Moments’ festival. Over the course of the two-week festivities, visitors experienced 15 days of fun-filled activities at Abu Dhabi’s favourite mall. Thousands of visitors across the ...

Dubai / Emirates Business The Dubai Financial Market (DFM), the leading exchange in the region, powered by Avaya’s SDN FX fabric networking technology, was awarded ‘Network Project of the Year 2015’ at the Network World ME Awards. The exchange selected Avaya’s scalable and high security network to effectively cater to its growing requirements and to provide a reliable, stable and ...

RITIKA SHARMA / Emirates Business For the first time, UAE is all set to get a taste of an untapped but creative side of film industry – the pop up cinema. Named ‘Film in a Box’, the new concept will showcase non-dialogue films at various locations across the UAE, and cater towards enhancement of the region’s film and art industry. ...

Singapore / AFP China’s economic slowdown will hit growth in developing East Asia and the Pacific from this year until at least 2018, the World Bank said on Monday, warning of volatile global markets and urging caution. Regional growth is forecast to slow from 6.5 percent in 2015 to 6.3 percent this year and 6.2 percent in 2017 and 2018, ...

Tokyo / Bloomberg For global equity investors and Shinzo Abe, it’s splitsville. Starting in the first days of 2016, foreign traders have been pulling out of Tokyo’s stock market for 13 straight weeks, the longest stretch since 1998. Overseas investors dumped $46 billion of shares as economic reports deteriorated, stimulus from the Bank of Japan backfired and the yen’s surge ...

Kuala Lumpur / AFP Malaysia’s first Islamic-compliant airline has been suspended for three months after it failed to adhere to aviation regulations, a senior official said on Monday, as the government announced a safety audit of the carrier. “Rayani Air has been suspended for three months,” Azharuddin Abdul Rahman, director-general of the Department of Civil Aviation, said. “They contravened civil ...

SYDNEY / Reuters An Australian-Indian consortium wants to restart gold mining in a district that helped symbolise former British rule in India and produced some 25 million ounces over 150 years before being abandoned due to low bullion prices. Mining in the Kolar gold field in Karnataka state in Southern India ended in 2001 as gold prices slumped. But a ...