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DEWA signs MoU with SAP to share coop in innovation

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding, MoU, with SAP, the German multinational software corporation that makes enterprise software, at the Dubai International Government Achievements Exhibition (DIGAE) 2016, held from April 11-13 at the Dubai International Convention and Exhibition Centre under the patronage of Vice President and Prime Minister and Ruler of Dubai ...

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WTC forges vision for Islamic insurance market in 2020

DUBAI / Emirates Business The second and final day of the 11th annual World Takaful Conference (WTC) built on Monday’s highly impactful critical discussions on the state and future of the global Takaful industry. Convened by Middle East Global Advisors and in strategic partnership with the Dubai International Financial Centre (DIFC) Authority, WTC is held under the theme “Prudent Practices ...

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Italy forms $5.7bn fund to rescue banks

Bloomberg Italian officials and bank executives agreed to create a multibillion-euro fund to help troubled lenders raise capital and offload bad loans, as the nation tries to assuage investor jitters. The new vehicle will be named Atlante, private fund manager Quaestio Capital Management SGR said late Monday. It will be financed by banks, insurers and institutional investors including Cassa Depositi ...

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