DUBAI / Emirates Business Emirates NBD, a leading bank in the region, announced the signing of an agreement to offer clearing services to UAE-based Delma Brokerage, making the brokerage firm, the first non- affiliate Trading Member to sign with the bank. Emirates NBD is currently the first UAE-based financial entity to be approved by ‘SCA – Securities and Commodities Authority …

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) appointed the Korea Development Institute (KDI), a Korean think tank, as expert consultant to advise on the need for a UAE-based Export Finance Programme. Mohammed Saif Al Suwaidi, Director-General of ADFD, and Dr Joon-Kyung Kim, President of KDI, signed a cooperation agreement in this regard at Fund’s headquarters. As an …

DUBAI / WAM A seminar on the use of Blockchain has confirmed that Dubai is moving rapidly to achieve its goal of becoming the first government in the world to adopt the technology by 2020. During the seminar, organised by the Chief Information Officers Majlis, Dan Frankel, Blockchain Technology Consultant at ConsenSys, said that private sector institutions, which will benefit …

DUBAI / WAM Halal Expo Dubai will strengthen UAE’s goal of leading and developing the Halal industry in the Arab region and beyond. The county has immense potential and resources to be the hub of Islamic economy and for attracting foreign investments to UAE as the country ranked third after Malaysia and Bahrain in Islamic economy and finance, stated by …

DUBAI / WAM SHUAA Capital, a Dubai-based financial services provider, continues to support the growth of the Nasdaq Dubai Futures Market as it reaches new highs. Nasdaq Dubai broke a new record this month with the value of equity futures traded increasing 76 percent to AED17.6 million from previous high of AED10 millionin June. As the largest and most active …

TOKYO / WAM Tawazun Holding and the University of Tokyo, UTokyo, in Japan have entered into agreement for joint collaboration and research and technology. Saif Mohamed Al Hajeri, Chief Executive Officer of Tawazun, and Professor Masatoshi Ishikawa, Dean of the UTokyo’s Graduate School of Information Science and Technology, signed the agreement in Tokyo on Tuesday. The agreement was facilitated by …

Ras Al Khaimah / Emirates Business Ras Al Khaimah Exhibition Center, a Ras Al Khaimah Chamber initiative, has successfully hosted nine different consumer and specialist exhibitions during the first half of 2017 which drew 296,374 local and international visitors. Jamal Al Taher, Acting Director of RAK Exhibition Center, said: “The Center offered a wide variety of exhibitions and activities, and …

Bloomberg Deutsche Bank AG may shift about 300 billion euros ($350 billion) from the balance sheet of its U.K. entity to Frankfurt as client trading and assets migrate to the continent following Britain’s decision to leave the European Union, according to a person familiar with the matter. The project, dubbed Bowline, calls for Frankfurt trading to go live in September …

Bloomberg The land of Abenomics is betting on Modinomics. The demand is so strong that assets of Nomura Holdings Inc.’s India equity fund quadrupled to almost 400 billion yen ($3.6 billion) in just the past year. Japanese investors owned $13 billion of Indian stocks and bonds at the end of June, the most in data going back to 2012, according …

Bloomberg Greece will return to the bond market after a three-year hiatus, banking on investor interest in its recovery story. The country, which was the epicenter of the European sovereign crisis that began in 2009, is looking to sell five-year bonds, according to an Athens Stock Exchange filing. It is also inviting holders of 4.75 percent bonds due in 2019 …