DUBAI / WAM The Dubai Financial Services Authority (DFSA), on Monday entered into a Memorandum of Understanding (MoU) with Lebanon’s Capital Markets Authority (CMA). The MoU will enhance information sharing and cooperation on supervisory issues, further extending the existing relationship between the two markets. It also provides the foundation to facilitate the entry of some financial institutions into Dubai International …

Dubai / WAM DP World Limited announced on Monday that it has entered into agreements to acquire Maritime World LLC, the 100% owner of Dubai Maritime City (DMC), for a purchase consideration of $180 million and to buy 100% of Drydocks World LLC (Drydocks) by means of a capital injection of $225 million, taking the total cash required for the …

Dubai / Emirates Business Microsoft on Monday launched its versatile, reimagined Surface Pro device in the UAE, bringing the full power of Windows 10 creativity and productivity to the country’s consumers and professionals. With longer battery life, enhanced performance and a superior display, the new Surface Pro has been re-engineered to suit the needs of everyone. From artists and designers …