ABU DHABI / WAM The renewable energy industry has created more than 500,000 new jobs globally in 2017, a 5.3 percent increase from 2016, according to the latest figures released by the International Renewable Energy Agency (Irena). According to the fifth edition of Renewable Energy and Jobs — Annual Review, launched at Irena’s 15th Council in Abu Dhabi on Tuesday, ...

Dubai / Emirates Business Mashreq Bank, the UAE’s leading financial institution, on Tuesday announced that it will enter the non-bank financial institution (NBFI) space in India through an engagement with IL&FS Financial Services Ltd to offer external commercial borrowings (ECB) in Indian Rupees. Through the IL&FS Group, Mashreq will serve the Indian market across various verticals including financial services, power, ...

DUBAI / Emirates Business The Middle East and Africa’s largest international trade fair for beauty products, hair, fragrances, and wellbeing opened on Tuesday, with a new record in exhibitor numbers and exhibition space covered in its 23rd edition. Beautyworld Middle East is a magnet for retailers, distributors, and beauty professionals looking for the latest inspirations in beauty and wellbeing. The ...

Bloomberg The dollar rallied while oil dropped as traders braced themselves for President Donald Trump’s decision on the Iran nuclear deal. Stocks were little changed in the US and Europe. The greenback strengthened for a third session as Federal Reserve Chairman Jerome Powell stuck with a message of gradual tightening. Italian shares tumbled on the prospect for fresh elections that ...

Bloomberg Indonesia’s market rout shows no signs of abating, with its two-year bonds the latest to be dumped in anticipation that the central bank may need to raise rates to defend its currency. The yield on the two-year debt soared 34 basis points to a 10-month high of 6.73 percent as the currency weakened past the psychological 14,000 level. The ...

Abu Dhabi / WAM The UAE and Belarus have signed multiple cooperation agreements in media, disaster management, facilitation of customs procedures, and health sector on the eve of 4th joint Emirati-Belarusian committee ministerial meeting in Abu Dhabi on Tuesday. Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, led the UAE side, and Belarus was represented by its ...

Abu Dhabi / WAM Ibrahim Mahmoud Al Mahmoud, First Vice Chairman of the Board of Directors of Abu Dhabi Chamber of Commerce, and Mohammed Dansanta Rimi, Ambassador of Nigeria to the UAE, have discussed ways of promoting mutual cooperation between companies and institutions from Abu Dhabi and Nigeria. During the meeting, Al Mahmood said that the chamber aims to promote ...

Dubai / Emirates Business Noor Bank, one of the leading Shari’a compliant banks in the UAE, on Tuesday announced the launch of Noor Home, establishing an independent identity for its successful home finance business. Leveraging the robust track record of catering to the bank’s home finance customers, the newly named Noor Home will cater to both potential home buyers and ...

Dubai / WAM The Roads and Transport Authority (RTA), in Dubai has closed 40 private parking yards following an inspection campaign, where offending parking operators were found to breach the prescribed stipulations in place or have failed to obtain the applicable licensing permits. Maitha bin Adai, CEO of RTA’s Traffic and Roads Agency, said, “This inspection campaign was launched to ...

Dubai / WAM Major General Mohammed Ahmed Al Marri, Director General, General Directorate of Residency and Foreigners Affairs – Dubai (GDRFA-D), said that by 2030, the smart gates at Dubai airports will replace passport officials’ platforms with a view to reducing the human involvement factor in application of Dubai’s 10X initiative. The 10X initiative was first launched in February 2017, ...