Dubai / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Emirates Group, and Chairman of the Expo 2020 Dubai Higher Committee, witnessed the signing of an agreement making DP World the ‘Premier Global Trade Partner’ of Expo 2020 Dubai, the third premier partner to be announced to date. Reem bint Ibrahim Al ...

  Ritika Sharma / Emirates Business UAE has been on the forefront in finding solutions to environmental issues. Experts say that apart from creating a sustainable environment, various projects of agencies like IRENA and Masdar can significantly contribute economic benefits as well. Energy-efficient initiatives are capable of saving millions of AED, they vouch. Notably, UAE is right on the track ...

  ABU DHABI / Emirates Business Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has announced that it has sold out the first phase of 267 units at Yas Acres, generating AED 1 billion in sales. As a result of this strong demand for villas on Yas Island, the second phase of units within ...

  Sunaina Rana / Emirates Business The festive season of Ramadan brings changes in your lifestyle. Experts say, if not taken proper care of, these can harm your health. To make the transition for your body easier, it is very significant to maintain a healthy diet and avoid imbalance of nutrients during the month of fasting. Khaled Diab, Regional General ...

  Bloomberg As well as a surging yen, non-existent inflation and a weak economy, Bank of Japan Governor Haruhiko Kuroda has something else to think about when deciding monetary policy this week— unhappy banks. Japan’s biggest lender, Bank of Tokyo-Mitsubishi UFJ Ltd, has led the way in voicing concerns about the negative interest-rate regime introduced by Kuroda earlier this year. ...

  Bloomberg Poland’s largest lender PKO Bank Polski SA is planning to bid for Raiffeisen Bank International AG’s unit in the country, as the state-run company seeks to reinforce government efforts to boost domestic ownership of the financial industry, according to a person familiar with the process. Raiffeisen’s Polish assets, including its corporate banking unit, wouldn’t overlap much with PKO’s ...

  Bloomberg Nigeria plans to delay new capital rules for banks as regulators in Africa’s biggest economy follow fellow oil producer Kazakhstan in trying to boost lending and avoid a recession. The Central Bank of Nigeria in 2014 ordered the country’s lenders it considered too big to fail to boost minimum capital adequacy ratios to 16 percent from 15 percent ...

  Bloomberg Two decades ago Europe’s asset-backed securities (ABS) market was in its infancy. It has not aged gracefully. On a panel at the annual gathering of securitisation bankers in Barcelona, the industry’s old guard reminisced about how things were when they met for the very first time in Cork, Ireland in 1996. Securitisation, a technique for transforming groups of ...

  Bloomberg Two centuries after its creation, Norway’s central bank finds itself without any guide in history to help it tackle the challenges ahead. It has largely been forced to follow its bigger peers down a rabbit hole of ever lower interest rates to counter a ‘long-term’ global trend of slower growth, a global savings glut and weakening productivity, according ...

  Our Correspondent/ Emirates Business Alpha Data, one of the UAE’s largest multi-disciplined systems integrators, is noted for a number of projects that have helped enhance the local technology landscape while driving national development. The company began with a team of just two employees in 1981, eventually growing to 800-strong workforce that has built and deployed award-winning information and communications ...