Dubai / Emirates Business Imdaad has been named this year’s recipient of the “IMA ME Finance Team of the Year Award.” Through this award, IMA identifies and honors the contribution of finance teams in the overall success of their organizations based on the foundations of outstanding performance, management accounting excellence, business partnering and innovation. The recognition is awarded to …

  Dubai / Emirates Business In line with the recent trend, the UAE’s non-oil private sector expanded at a steady pace in June. Higher output and new orders were key factors behind the overall improvement in business conditions. That said, the respective rates of growth were subdued compared to those seen over the course of 2014 and 2015. Both employment …

  Bloomberg The European Union is in a political bind as it looks into the unprecedented step of slapping sanctions against Spain and Portugal for breaching budget-deficit limits. The European Commission is seeking the go-ahead from finance ministers to propose fines and a suspension of some EU regional-development funding after concluding that Spain and Portugal took inadequate steps to narrow …