DUBAI / Emirates Business Overall online spending continues to grow in the UAE, and is forecast to reach AED36 billion by the end of 2018, according to a joint report issued by PayPal and Ipsos on Wednesday. The fourth annual cross-border commerce report, which tracks online domestic and cross-border shopping habits of approximately 34,000 consumers in 31 countries, also revealed ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) affirmed compliance with occupational health and safety and quality requirements, noting that it is trying to improve performance of its strategic partners in order to realise on ground vision of Abu Dhabi government towa-rds achieving sustainable development by implementing hi- ghest quality standards in projects execution while protecting environment, ensuring ...

ADEN / WAM The United Arab Emirates has established a 120-megawatt power station in Aden at a total cost of $100 million to meet local energy needs. The station, powered by one of the world’s largest engine, is located in Al Haswa district and will start operation in October. A UAE ship docked at Aden earlier on Wednesday carrying the ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) on Wednesday announced that it is primed to host a very busy events season with its venues fully occupied till the end of this year by more than 50 major local and international exhibitions and conferences across key sectors including culture, healthcare, leisure, lifestyle, and business. Humaid Matar Al Dhaheri, ...

Bloomberg US stocks plowed to new records, with technology shares pacing gains, as investors speculated the Trump administration will make progress on trade spats. The pound rallied after the European Union revived hopes of a Brexit deal before the UK exits the common area in March. The S&P 500 Index jumped past 2,900, a level it first breached on Tuesday, ...

Bloomberg Chinese investors have dumped Hong Kong stocks at a record clip this month, as the city’s equity benchmark tumbled to its lowest in a year. Mainland investors sold net HK$25.4 billion ($3.2 billion) of Hong Kong equities in August through Tuesday, according to Bloomberg calculations based on daily turnover data. That’s the biggest monthly selling figure since China opened ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) on Wednesday entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority. The agreement reflects the commitment of both authorities to develop an environment that supports the sustainable development of financial services through emerging technology. ...

Dubai / Emirates Business Azizi Developments, one of the leading private developers in the UAE, is launching its third premium residential project in Du-bai Healthcare City (DHCC) Fa- wad Azizi Residence. The AED 342mn project is spread over a total construction area of 565, 503 sqft and will have a total of 396 upscale apartments compr-ising 201 studio apartments, 165 ...

DUBAI / Emirates Business Emirates NBD, a leading bank in the region, announced the launch of DirectRemit services to the United Kingdom (UK), enabling customers to transfer money instantly back home, free of any charges and at competitive exchange rates. Emirates NBD’s remittance service is the fastest in the UAE and enables GBP transfers to Lloyds Bank accounts in less ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has designated India as the guest of honour for the 29th edition of the Abu Dhabi International Book Fair (ADIBF), which will be held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...