DUBAI / Reuters Manufacturer JBF RAK, which is 60 percent owned by the United Arab Emirates’ Ras al-Khaimah Investment Authority (RAKIA), is in talks with banks about renegotiating around AED2bn ($544.6 million) of debt, banking sources said. The polyester producer, which according to its website is an affiliate of India’s JBF Group, has contacted lenders about reviewing its debt obligations, …

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, the widow of the late Sheikh Zayed bin Sultan Al Nahyan, hailed the decision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to declare 2018 as the “Year of Zayed”. In a statement on the occasion, the Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development …

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) and service company KPMG have come together to launch the first ever FinTech Abu Dhabi Innovation Challenge on October 22 in Abu Dhabi to enable start-ups to access industry-leading solutions that address emerging business challenges in the financial services industry. The Innovation Challenge, as part of the inaugural FinTech Abu Dhabi …