Dubai / Emirates Business Within the framework of strengthening cooperation links with educational entities in the UAE, the Mohammed bin Rashid Space Centre (MBRSC) signed a Memorandum of Understanding (MoU) with the United Arab Emirates University (UAEU) in order to develop qualified national human resources to work in the space science and technology sector. The MoU was signed by …

  Dubai / Emirates Business Emirates NBD, a leading banking group in the region, launched its sunglasses for labourers campaign this summer for the second consecutive year. Working in partnership with La Moda Sunglasses and the Smartlife Foundation, Emirates NBD staff volunteers will collect and distribute over 2,000 new and donated sunglasses to Dubai labourers during the holy month of …

  Dubai / WAM The Awqaf and Minors Affairs Foundation, AMAF, has reinforced Dubai’s leading global status in humanitarian work and the efforts of the emirate, as well as the wider UAE, in carrying out charitable endowment projects to promote values of tolerance, philanthropy and solidarity among the peoples of the world. The message was conveyed by Tayeb Abdul Rahman Al-Rais, …

  Dubai / Emirates Business The Food and Beverage Business Group, a non-profit industry organisation under the patronage of Dubai Chamber, on Monday launched ‘Wafaa’, which means ‘giving back to the society’, a food donation initiative where essential food items will be packaged and delivered to the less fortunate in collaboration with the Beit Al Khair Society. The launch ceremony …

  Bloomberg Campaigners to get Britain out of the European Union have moved into the lead, according to a YouGov poll that increases the pressure on Prime Minister David Cameron with less than three weeks until the referendum. The online poll for ITV’s Good Morning Britain programme on Monday put “Leave” voters at 45 percent and “Remain” at 41 percent, …

  Bloomberg The pound slumped to a three-week low after polls showed more Britons favor exiting the European Union, reviving concern a June 23 referendum will throw global markets into turmoil and undermine confidence in the 28-nation trading bloc. Sterling weakened against all 10 developed-market peers after two surveys showed more voters were willing to vote to leave the EU …

  Bloomberg Days before a referendum that seemed to be in the bag for David Cameron, a YouGov Plc poll suddenly showed the “Leave” side ahead. The pound plunged, the prime minister panicked — then Scotland voted to stay in the U.K. by a 10-point margin. Two years on, and British voters are preparing to decide whether to leave the …

  Bloomberg Rothschild & Co., part of the banking dynasty focused on advising on mergers, is buying Compagnie Financiere Martin Maurel to expand its wealth-management and lending operations for French families and entrepreneurs. The boards of both companies support the deal, which needs approval from shareholders and regulators, according to a joint statement on Monday. Marseille-based Martin Maurel has received …

  Bloomberg Iceland erected new defenses to block fast money from chasing western Europe’s highest interest rates as the nation prepares to dismantle the last remnants of capital controls that have existed since 2008. Over the weekend, the small north Atlantic island set reserve requirements for new offshore investors forcing them to keep a substantial part of their holdings in …

  Bloomberg Lukoil PJSC, Russia’s second-largest oil producer, said profit dropped 59 percent in the first quarter as oil prices declined to a 12-year low. Net income fell to 42.8 billion rubles ($651 million) from 104 billion rubles a year earlier, the Moscow-based company said. Russian producers have been partially buffered against the rout in crude by a weaker ruble, …