DUBAI / WAM Represented by the Department of Finance (DOF), and Smart Dubai Government Establishment (SDG), Dubai Government signed a partnership agreement with Mashreq Bank to collect payments made via Smart Dubai Portal. Under the agreement, Mashreq Bank is to become an acquirer of payments made with credit and debit cards issued by banks in or outside the UAE. In ...

DUBAI / Emirates Business Dubai Land Department (DLD) in cooperation with Pixonal, a leading innovation design firm, is showcasing the largest flip-dot screen to ever be constructed in the Middle East at GITEX Technology Week. The six by two meter screen is set to showcase DLD’s latest news which includes live real-estate transactions and project progress updates. DLD recently announced ...

Bloomberg President Donald Trump demanded that Congress deliver funding for his border wall and make dramatic changes to immigration policy in exchange for letting young people brought illegally to the US as children stay in the country. The administration’s proposal, outlined in a briefing by US officials and sent to lawmakers night, was swiftly rejected by top Democrats in Congress, ...

Bloomberg The UK set out contingency plans for leaving the EU without a new Brexit deal on customs, as PM Theresa May warned that Britain must prepare for the worst. A planned Customs Bill will create a new “standalone” customs regime for the UK, and ensure value-added tax and excise laws continue to function if the country crashes out of ...

Bloomberg A growing diplomatic dispute between the US and Turkey could have a “deep impact” on trade, according to a group that promotes bilateral commerce and that called for both sides to defuse the standoff. The decisions by Washington and Ankara to suspend visa services for each other’s citizens create headaches for US companies with significant business interests in Turkey, ...

Bloomberg Tokyo Governor Yuriko Koike, leader of Japan’s nascent opposition Party of Hope, said on Monday that she’s unsure whether President Donald Trump’s administration is stable even while affirming the importance of the US-Japan alliance. Koike, 65, told Bloomberg in an interview that Trump’s White House may be unstable because of the many changes in personnel since the president took ...

Bloomberg German Chancellor Angela Merkel said she’ll begin exploratory coalition talks next week with the Greens and the pro-market Free Democrats, the first step toward a possible new government for Europe’s biggest economy. Just over two weeks after winning a fourth term, Merkel plans to start on October 18 with what’s likely to be a complex negotiation with two smaller ...

Bloomberg Spain warned Catalonia it risks economic chaos should the rebel region continue with its pursuit of independence, with the government in Madrid saying it stood ready to intervene and reassert control. As the standoff heads into a critical few days, Deputy Prime Minister Soraya Saenz de Santamaría said ministers were ready to stop Catalan President Carles Puigdemont. Spanish Energy ...

Bloomberg Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take further steps to sustain the recovery into 2018, OPEC Secretary-General Mohammad Barkindo said. Saudi Arabia and Russia are currently leading consultations between the Organization of Petroleum Exporting Countries (OPEC) and other major suppliers about the future of their agreement to cut oil output, Barkindo ...

Reuters Oman Telecommunications (Omantel) plans to buy a 12 percent stake in Kuwaiti telecoms company Zain in a deal that would more than double its stake as part of its expansion strategy. Having purchased a 9.8 percent stake in August to diversify its investment and market position in the region, Omantel said on Monday that it had signed a non-binding ...