Emirates Business Dubai Land Department (DLD) has unveiled its brand-new revamped website, featuring an innovative and modern easy-browsing system, in addition to providing a range of services tailored to a range of customer demographics. The new system is embedded with options for six major global languages, namely Arabic, English, Spanish, Chinese, French and Russian. The announcement was made at ...
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ENEC, KHNP sign support services pact for Barakah nuclear plant
Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (ENEC) and Korea Hydro & Nuclear Power (KHNP) have signed an Operating Support Services Agreement (OSSA) at a ceremony held at ENEC’s headquarters in Abu Dhabi in the presence of senior management representatives from both companies. Under the agreement, KHNP will dispatch experienced and qualified nuclear plant personnel to the ...
Read More »ADX, ADGM sign deal to strengthen cooperation
ABU DHABI / WAM Abu Dhabi Securities Market (ADX) and Abu Dhabi Global Market (ADGM) have entered into an agreement to foster bilateral cooperation. Chairman of ADX, Hamad Abdullah Al Shamsi, and Chairman of ADGM, Ahmed Al Sayegh signed the memorandum of understanding (MoU) at ADGM Office in the presence of senior officials from both organisations. The agreement supports ...
Read More »DED, hypermarkets discuss ‘Customer Protection Counters’
Dubai / Emirates Business The Department of Economic Development met with representatives of major hypermarkets in Dubai to discuss the setting up Consumer Protection Counters across retail outlets for receiving and resolving consumer complaints amicably. Meetings have been concluded with seven hypermarkets, including Emirates Co-operative Society, Carrefour, Spinneys, Union co-operative Society, Géant, Lulu and Hyper Panda. The Commercial Compliance ...
Read More »Indecisive Fed expected to hold rates steady anew
Washington / AFP In 1890, the psychologist William James wrote that there was “no more miserable human being than one in whom nothing is habitual but indecision.” Indecision is certainly not the habit of Federal Reserve policy makers. But as a divided Fed gathers next week to consider interest rates, they may yet again revise positions that have repeatedly ...
Read More »Mobileye bears folding as tighter grip on driverless future
Bloomberg Bearish bets against Mobileye NV are receding after the maker of chips and software for driverless cars said it would team up with BMW AG and Intel Corp. to deliver fully-autonomous cars by 2021. Traders cut short interest on Mobileye, at one point the world’s most-shorted software stock, to 17 percent of shares outstanding last week, near the ...
Read More »Turkey sets up inner cabinet to oversee emergency rule
Istanbul / Bloomberg Turkey’s government is setting up an inner cabinet to oversee the implementation of the state of emergency it declared after last week’s botched coup, ramping up the effort to purge the influence of its accused mastermind from all walks of Turkish life. Prime Minister Binali Yildirim will chair the council composed of ministers including justice, interior, ...
Read More »Companies lead UAE’s eco-march
RITIKA SHARMA / Emirates Business As the UAE takes strides towards promoting environment initiatives, companies in the country are also leading the eco-march by example. In a recent and much-talked-about event, when UAE-based hotels chain ‘TIME Hotels’ grabbed the prestigious Green Key Award, the message went out loud and clear — that UAE is committed to the best when ...
Read More »Experts stress on need to secure digital payments from cyber threat
ALKESH SHARMA / Emirates Business As reports predict that whopping revenue of US$2 trillion will be generated through digital payments globally by 2020, experts also press for the need of having secure networks for the companies to ensure there is no cyber money heist. Industry veterans say that with astonishing rise in the users of digital payment platforms, these ...
Read More »G-20 pledges to fight weak global recovery
Bloomberg The Group of 20 economies reiterated a pledge to use all policy tools to help boost confidence and growth, while stepping up an emphasis on fiscal and structural measures rather than pumping additional monetary stimulus. “The global economic recovery continues but remains weaker than desirable,” finance ministers and central bank governors from the world’s top developed and emerging ...
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