News

Abu Dhabi / WAM Arab Trade Financing Programme (ATFP), a specialised multi-Arab financial institution with a mission to promote Arab trade and to increase the competitive capabilities of the Arab producers and exporters, approved requests for financing eligible trade transactions of goods of Arab origin and associated services for member States at the value of US$246 million in the fourth ...

RITIKA SHARMA Emirates Business Lights, camera and action! Given the number of Hollywood and Bollywood movies shot here, the world is well aware of the potential and the appeal of the Emirates capital as a hotspot for the film and television industry. The best part is — the authorities recognise it too. Aiming to give a major thrust to the ...

Alkesh SHARMA Emirates Business As technology takes grip over UAE’s corporate world, reliance of industries on intelligence services to tackle cyber threats is poised to grow manifold in the coming years. By 2018, 60 percent of enterprises will utilise commercial threat intelligence services to secure their security strategies. This has been revealed by Gartner’s 2015 Market Guide for Security Threat ...

ABU DHABI / WAM The role of cross-border partnerships in the global aviation, aerospace, defence and space sectors will come under the spotlight in Abu Dhabi this month when international leaders from all four industries meet at the Global Aerospace Summit to explore and identify future development strategies. Hosted by Mubadala Development Company, the 2016 Summit, the third in the ...

Dubai / WAM February marked another strong month of trading for the Dubai Gold and Commodities Exchange (DGCX) driven by continued global market volatility and the availability of expanded product offering and deepened member community. Trading volumes on the exchange recorded growth of 42% during February 2016. Launch of 15 Single Stocks Futures (SSF) 10 Indian stocks and 5 US ...

Dubai / WAM Topaz Energy and Marine, headquartered in Dubai, has secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea) Limited. Under the terms of the agreement, Topaz will supply 14 offshore support vessels for a five year period plus two one-year options at current market terms, primarily in support of BP’s ACG and Shah Deniz II fields ...

Abu Dhabi / WAM The role of cross-border partnerships in the global aviation, aerospace, defence and space sectors will come under the spotlight in Abu Dhabi this month when international leaders from all four industries meet at the Global Aerospace Summit to explore and identify future development strategies. Hosted by Mubadala Development Company, the 2016 Summit, the third in the ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) won three awards at the Smart Cities Summit and Awards 2016 during the World CSR Day activities in Mumbai, India. DEWA won in the Best Smart City Initiative category for their Green Charger Initiative, in addition to winning the Configuration and Deployment of Smart City Infrastructure 2016 category for its Dubai ...

Dubai / WAM Emirates Airline and Russian carrier S7 Airlines on Thursday announced an enhanced partnership which is set to improve connectivity and benefits for customers across Russia. Emirates and S7 Airlines have been in an interline partnership since 2003 which was further enhanced in 2008. The new codeshare deal further builds on this strong partnership and sees the Emirates ...

DUBAI / WAM February marked another strong month of trading for the Dubai Gold and Commodities Exchange (DGCX) driven by continued global market volatility and the availability of expanded product offering and deepened member community. Trading volumes on the exchange recorded growth of 42% during February 2016 compared to the same period last year, while average daily Open Interest rose ...