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Ducab awarded Dubai Chamber CSR Label

  Dubai / Emirates Business For the fifth year in a row, and with consistently-increasing scores, Ducab, the leading cable manufacturing company owned equally by Investment Corporation Dubai (ICD) and Abu Dhabi’s Senaat, has been awarded the Dubai Chamber CSR Label, with a high score of 84 percent in recognition of initiatives and communications around Corporate Social Responsibility (CSR). The ...

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TIME to support AED410mn Ajman tourism sector

  Dubai / Emirates Business Dubai-headquartered hospitality company, TIME Hotels, added a fourth TIME Residence to its expanding UAE portfolio of serviced apartments, by launching the first of two properties in Ajman, Palm 1 TIME Residence. Launching in March 2017, the property will host 16 apartments for long-stay guests, each with state-of-the-art interior features and fittings and a range of ...

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Deutsche cuts bonus pool by ‘almost 80%’ on legal costs

  Bloomberg Deutsche Bank AG cut its 2016 bonus pool by almost 80 percent, a figure unmatched in the bank’s recent history as it tries to recover from legal expenses that wiped out profit and eroded capital levels. The lender is reducing payouts with an eye toward shareholders and is aware it will be ‘frustrating’ for employees, Chief Administrative Officer ...

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