Dubai / WAM Leading professional services company, Accenture, will open a digital hub in District 2020, the legacy site of Expo 2020 Dubai, to help clients across a variety of industries develop innovative digital solutions, working closely with its technology partners. This initiative signals Accenture’s support to the UAE government’s initiative of accelerating economic and social development through the World …
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Dubai / Emirates Business MAG Property Development (MAG PD), the real estate development arm of MAG Group, announced the launch of its flagship AED 4 billion ‘MAG EYE’ project for customers looking for exceptional investment opportunities at Cityscape Global. MAG EYE is one of the exclusive communities being developed in the heart of Mohammed bin Rashid City in Meydan Dubai, …
Read More »Dubai / Emirates Business Azizi Developments, a fast growing real estate developer operating in the UAE for over a decade, has announced that following the success of Phase 1 and 2 sales of the its AED12billion waterfront project — Azizi Riviera — at Cityscape Global 2017, it will announce 2 new mega developments at Meydan One in the last quarter …
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Dubai / Emirates Business The Intelak Incubator – founded by the Emirates Group, GE and Etisalat Digital – has on Wednesday signed a Memorandum of Understanding (MoU) with Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, to host and foster ‘Intelak Idea Lab,’ a three-week training program focused on giving entrepreneurial-minded …
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Bloomberg Stocks pulled back from the rally that had pushed equities to records as oil jumped on a forecast for rising demand. The S&P 500 Index slipped and the Stoxx Europe 600 headed for the first drop in six days after US and global benchmarks closed at all-time highs a day earlier. Miners led the decline in Europe as the …
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Reuters Shares of Saudi Arabia’s top food producers, Savola and Almarai, fell on Wednesday after Savola said it was selling a small stake in the dairy maker, while Qatar’s bourse closed at a 52-month low as foreign funds continued to exit. The Riyadh index fell 0.3 percent with Savola declining 1.8 percent to 46.55 riyals, after initially surging to an …
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Bloomberg UBS Group AG sees bank profits under pressure as European regulations force lenders to charge for research, breaking apart a decades-old business model that’s prompted a race to provide the cheapest offering. “It will be challenging and it will be rocky†Andrea Orcel, head of UBS’s investment bank, said of the impact of the MiFID II directive in a …
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Bloomberg Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, has chosen Amsterdam as a base for its investment-banking business in the European Union after the UK leaves the bloc. The firm’s securities unit has decided to apply for a license to establish a subsidiary in the Dutch city, it said in a statement on Wednesday. MUFG also plans to set …
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Bloomberg Deutsche Bank AG has pledged to cap the amount of retail deposits it will use to support US activities as it seeks permission from European regulators to deploy German savers’ funds to other parts of the business, according to people with knowledge of the matter. The commitment is an attempt to reassure both the European Central Bank and German …
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Bloomberg Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years. Artificial intelligence and robotics reduce the need for staff in roles such as back-office functions, Pandit, 60, said. He’s now chief executive officer of Orogen Group, an investment firm that he …
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