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Bloomberg London’s role as the world’s hub for foreign-exchange trading would be weakened if U.K. voters opt to leave the European Union in June, with Frankfurt benefiting the most, according to a poll of currency traders and market professionals. Some two-thirds of respondents said a Brexit — a British exit — would weaken the City of London’s dominant position in ...

Bloomberg Governor Elvira Nabiullina said a stable and improving inflation outlook will enable the Bank of Russia to embark on steeper monetary easing without putting financial stability at risk. Keeping interest rates on hold for a prolonged period is winning trust that inflation will continue to ease, Nabiullina said at a banking congress in Moscow on Thursday. Even so, she ...

Bloomberg European lawmakers agreed to delay the overhaul of Europe-wide market-rules known as MiFID II by a year in a vote on Thursday in Brussels. The European Parliament adopted the European Commission’s proposal to postpone the start date for MiFID II, the complex law that affects nearly every financial firm operating in the 28-nation bloc, by a year to 2018 ...

Bloomberg The European Central Bank called on its counterpart in Hungary to review several of its programs ranging from education to art and real estate on concern they may violate a prohibition on monetary financing. The activities under scrutiny include a network of foundations the Hungarian central bank created last year, the regulator’s acquisition of the Budapest Stock Exchange as ...

Bloomberg The more than $30 billion of buyouts among companies at the heart of global financial markets have in the past six months turned little-known data firms into some of the industry’s hottest takeover targets. Deutsche Boerse’s $13.8 billion proposed buyout of London Stock Exchange Group Plc would be among the biggest in the industry’s history, sweeping into play information-service ...

Sunaina Rana / Emirates Business Smart homes technology is undergoing boom across the UAE, but at the same time it brings along many apprehensions. Industry experts have rung the security alarm and asked for the secure upkeep of personal details of the stakeholders. They advised the consumers to stay more vigilant while sharing private data with cyber companies involved in ...

Ritika Sharma / Emirates Business On the sidelines of Dubai Chamber’s analysis that confirmed UAE retail market size at US$35.4 billion in 2015, retailers across UAE say they will be investing more in business as they expect 2016 to be favourable too. The analysis said that Dubai witnessed sustained annual growth rates of 3.5 percent to 7.5 percent since 2010, ...

Sharjah / Emirates Business HE Mohammed Ahmed Abdullah, CEO of Sharjah Islamic Bank (SIB), has been awarded Mediaquest Magazine’s Top 100 CEOs award. The award ceremony was held at the Westin Dubai Mina Seyahi Beach Resort to honour business leaders of publicly listed companies in the GCC, where HE Mohammed Abdullah was honoured. On this occasion, HE Mohammed Abdullah, CEO ...

ABU DHABI / WAM The Traffic and Patrols Directorate at Abu Dhabi Police (ADP) said that it spares no effort to take action against objectionable behaviours, such as allowing young people under 18 to drive in Al Ain city and to reduce the disturbing noise caused by illegally modified vehicles to increase their speed and amplify their sound, all of ...

Dubai / Emirates Business Emirates Hospital, a wholly owned subsidiary of the KBBO group, is pleased to announce the acquisition of a majority stake in Adeli Medical Center a highly specialized center in Central Europe for intensive rehabilitation. The Adeli Medical Center is a one of its kind neurorehabilitation facility with its primary focus being on paediatric patients. This international ...