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DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong entered into an agreement to establish a framework of cooperation on financial technology, FinTech, innovation. The agreement will further strengthen the efforts of both authorities to develop an innovations-friendly ecosystem in their respective markets. The signing took place between Ian Johnston, ...

Bloomberg Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi to run the global ride-hailing leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who led the firm to $20 billion in annual bookings before scandals forced him out. In hiring Expedia’s chief executive officer, Uber will land a seasoned deal-maker and an outspoken critic of ...

Bloomberg Oracle Corp. is hiring another 5,000 employees for its cloud software business as it fights Salesforce.com Inc. for market share in the fast-growing industry. The hiring surge aims to beef up what’s already Oracle’s fastest-growing business, increasing revenue by 58 percent in the quarter it reported June 21 compared with a year earlier. The move is the latest in ...

Bloomberg Pizza, Thai or Indian? You might think British takeouts have plenty of ways to serve hungry customers poring over menus from their iPhones or laptops. They can sell direct through their own apps or websites like Domino’s Pizza Group Plc and Pizza Hut, use delivery specialists such as Amazon.com Inc., UberEats and Deliveroo, or log on to a restaurant ...

Bloomberg Though the downfall of the man heading Samsung Group, South Korea’s most powerful conglomerate, may seem an ominous omen for the country’s family-run business empires, the jailing of billionaire Lee Jae-Yong could end up offering some relief to chaebol dynasties. That’s because Lee, who on Friday received one of the harshest sentences ever handed to a chaebol leader, could ...

Bloomberg Nearly 10 months after India’s unprecedented ban on high value notes that was designed to tackle entrenched corruption, bribery continues to oil the wheels of business in Asia’s third-largest economy, according to a US risk management firm that advises foreign investors. Gifting of land, houses, luxury watches and sponsoring expensive travel abroad are now the preferred bribes as tax ...

Bloomberg ­­­­­­­­­­­­­­­ US President Donald Trump’s strategy for the nation’s longest-running war in Afghanistan will meet the same fate as the plans of his predecessors, according to Pakistan’s Prime Minister Shahid Khaqan Abbasi. Failure. “From day one we have been saying very clearly the military strategy in Afghanistan has not worked and it will not work,” Abbasi, who took over ...

SHARJAH / WAM The representation of Emirati women among the national workforce in the banking sector of the UAE stands at 70 percent, among the highest of any sector in the country, according to Jamal Al Jasmi, General Manager of the Emirates Institute for Bankingand Financial Studies, EIBFS. Al Jasmi said the rise of the country’s women is a result ...

Abu Dhabi / WAM On the occasion of the Emirati Women’s Day, Masdar’s Executive Director of Sustainability and Brand, Dr Nawal Al Hosany has praised the role of the UAE’s esteemed leadership in placing an emphasis on the empowerment of women, inspired by the legacy of the late founding father, Sheikh Zayed bin Sultan Al Nahyan. “Since the establishment of ...

According to the Decree-Law, a supply of goods includes the transfer of ownership of the goods or the right to use them as an owner from one Person to another and an entry into a contract between two parties triggering the transfer of goods at a later time. A supply of service is any supply that is not considered a ...