Bloomberg The Polish central bank could yet waver on its commitment to keep interest rates stable. While three of Poland’s biggest lenders said Governor Adam Glapinski last week delivered the most dovish briefing of his tenure, its message was still so nuanced that some in the market are having second thoughts. The zloty, after a brief decline, has settled down ...

ABU DHABi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Paolo Gentiloni, Prime Minister of Italy, witnessed the signing of two historic agreements awarding Italy’s multinational oil and gas company Eni stakes in two of Abu Dhabi’s offshore concession areas. Under the terms ...

Dubai / Emirates Business A new group of ‘Hybrid’ cities recorded by JLL as having clear attributes of either ‘Emerging World Cities’ or ‘New world Cities’, has placed Dubai among the world’s top destinations for FDI in the real estate market. In a new report by JLL titled, World Cities: Mapping the Pathways to Success, ’Hybrid’ cities are best epitomised ...

DUBAI / Emirates Business Azizi Developments, one of the leading private developers in the UAE, has announced that it will start accepting the prequalification applications for AED20 billion ($5.5 billion) worth of contract tenders for its projects in Dubai in 2018. This is in addition to the developer’s existing pipeline of projects that are in various stages of development across ...

ABU DHABI / WAM Companies trading on the UAE two main bourses gained AED5.5 billion in market cap at the end of Sunday session, driven by selective purchases that targeted blue chips on the real estate and banking sectors. Starting the week in the green, the General Index of the Dubai Financial Market moved up 0.97 percent to 3188 points, ...

Dubai / WAM Takaful Emarat announced that net profit for the twelve-month period ended December 31, 2017, was AED18.8 million, up 25 percent from the company’s 2016 net profit of AED15 million. Mohammed Al Hawari, Executive Board member and Managing Director of Takaful Emarat, said, “During the course of 2017, we maintained our focus on growing the business in tandem ...

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi has picked up the award for the ‘Best Stand in Middle East Region’ at ITB Berlin in Germany for its pavilion featuring the best of the emirate’s attractions and hotels. DCT Abu Dhabi was joined by 48 partners and stakeholders from March 7-11, including the Etihad Airways, ...

DUBAI / Emirates Business The International Property Show (IPS), the Middle East’s biggest property sales platform for local and international real estate markets, is expected to drive UAE investment in Europe’s property market through the show’s dedicated Europe Country Pavilion. IPS will take place from 9 to11 April at the Dubai World Trade Centre, also featuring Country Pavilion for Egypt ...

Reuters Expectations for inflows of foreign funds in coming months boosted Saudi Arabia’s stock market to a multi-year high on Sunday, while a leap by Dubai’s biggest bank, Emirates NBD, lifted that index. The Saudi index surged 1.8 percent, its biggest daily gain since last June, to 7,696 points, its highest finish since November 2015. The index, which had added ...

Bloomberg Bitcoin’s rough week headed for a bitter ending. The virtual currency fell 6 percent to $8,760 in New York, after earlier losing as much as 10 percent. Bitcoin has slumped more than 20 percent this week amid increased regulatory scrutiny in the US and Japan, an attempted theft at one of the biggest trading venues, and news that the ...