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SUNAINA RANA / Bloomberg Considering the rapid expansion of e-commerce in the Emirates and mounting need of constant vigilance, Department of Economic Development (DED) has signed a deal with Souq.com to protect the customer rights. According to the pact, which was signed between Mohammad Lootah, CEO of Commercial Compliance and Consumer Protection (CCCP) sector in DED, and Ronaldo Mouchawar, CEO ...

Dubai / Emirates Business As many as ss30 Emirati women from across the public and private sectors took part in Dubai Women Establishment’s (DWE) flagship equine leadership initiative, “Leaders Spirit” – Leadership Skills from an Equestrian Perspective Advanced Programme” which concluded on Monday. The programme, which was held at the Desert Palm Hotel & Resort in Dubai, is designed to ...

Bloomberg Greece could again face the threat of being pushed into default and out of the euro area if its current bailout review drags on into June and July, according to European officials monitoring the slow progress of Prime Minister Alexis Tsipras’s negotiations with creditors. Greece still hasn’t cut a deal on pensions, tax administration or its fiscal gap, and ...

Bloomberg The true strength of the American labour market may be disguised. Wage growth — described as slow and unconvincing by Federal Reserve officials plotting their path to higher interest rates — is more robust by some measures than commonly acknowledged due to changes in the composition of the workforce. With unemployment close to the lowest in eight years, accelerating ...

Lesbos / AFP Three boats shipped scores of migrants from the Greek islands to Turkey on Monday, the first wave of deportations under a hotly-contested pact to ease Europe’s worst migration crisis since World War II. As the sun rose over the Greek islands of Lesbos and Chios, some 200 migrants, mainly from Pakistan and Bangladesh, were ferried back across ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) presented its outlook on the regional and global investment climate to its top private banking clients at a number of events in Abu Dhabi, Dubai and Al Ain. Senior ADIB executives from ADIB’s Private Banking arm explained to clients how to manage wealth effectively in times of economic and political volatility. ...

Abu Dhabi / WAM Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, received here on Sunday Minister of Foreign Affairs of New Zealand, Murray McCully. The meeting discussed bilateral relations and ways to enhance them, the outcome of the recent visit of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation to ...

ABU DHABI / WAM The current slump in the world oil prices poses a real challenge to oil exporting countries but did not have any impact on the UAE’s economy, thanks to the economic diversification policy adopted by the country, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, affirmed on Sunday. “Low oil prices should create investment opportunities ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the tourism sector is an important part of the national economy and a core pillar of economic diversification policy of the state. In an interview with the Emirates News Agency (WAM), the Economy Minister said that the inclusion of the National Council for Tourism in ...

DUBAI / emirates business Within the context of strengthening cooperation with educational institutions in the UAE and developing an organizational framework to develop such cooperation, the Mohammed bin Rashid Space Centre (MBRSC) has signed a Memorandum of Understanding (MoU) with American University of Sharjah (AUS) to develop Emirati human resources qualified to work in the fields of space science and ...