Bloomberg Emirates NBD PJSC is preparing to submit a bid for Sberbank PJSC’s wholly-owned Turkish unit in March, people with knowledge of the matter said. Dubai’s biggest bank is evaluating an offer for Denizbank AS, the people said, asking not to be identified because the talks are private. It could take several months before Sberbank decides whether or not to ...

DUBAI / WAM Dubai Customs has continued its efforts in bolstering Dubai’s external food trade. A recent statistics issued by Dubai Customs in parallel with Gulfood 2018 showed that the value of this trade during the period from January to September 2017 reached AED70.2 billion, where imports had the lion’s share with AED44.6 billion, followed by exports with AED12.6 billion ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have congratulated Sheikh Zayed bin Hamdan bin Zayed Al Nahyan on his safe return to ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received a delegation from the US Senate headed by Richard Burr, US Senator of North Carolina and Chairman of the US Senate Select Committee on Intelligence, who are currently visiting the country. ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB), launched ‘payit’, the country’s first fully-featured digital wallet, in support of the UAE’s goal to become a cashless economy. The safe and secure service is available to anyone with a valid Emirates ID. Using ‘payit’, Emiratis and residents can send and receive money instantly 24/7, make payments through merchant partner apps, ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Emirates Authority for Standardisation and Metrology (ESMA), inaugurated the interactive Halal map, the first of its kind worldwide, on Monday in Dubai. The minister confirmed that the United Arab Emirates is currently leading global efforts to assess the size of the Islamic economy sector ...

Abu Dhabi / WAM A total of 34 cyberattacks against government and private sector entities in UAE were foiled by Telecommunications Regulations Authority (TRA) during January 2018, against 136 in the same month last year. The attacks were carried out from outside the country, 16 of which were classified as fraudulent offensives, eight as data breaches, three aimed at defacing ...

Abu Dhabi / WAM The Department of Economic Development (DED), in Abu Dhabi shut down 15 commercial facilities in the emirate during the month of January due to price hikes on goods. The step was taken as part of department’s continuous efforts to follow up on the implementation of the circulars issued earlier regarding the utilisation of the value added ...

Bloomberg European shares failed to carry forward a rally from Japan and the US, where the S&P 500 index notched its best week in five years. Oil climbed while the dollar advanced against most major peers. The Stoxx Europe 600 index slipped as auto and consumer stocks dropped. That contrasted with Asia, where equities built on their best week since ...

Reuters Gulf stock markets were sluggish on Monday, with a dividend cut pulling down major Abu Dhabi-listed financial firm Waha Capital, but Egypt’s bourse rose on the back of a gain by its biggest bank. Equities in the Gulf rallied along with oil late last year and Saudi Arabia saw its largest-ever inflow of equity funds last month. But Brent ...