Bloomberg Poland’s largest lender PKO Bank Polski SA is planning to bid for Raiffeisen Bank International AG’s unit in the country, as the state-run company seeks to reinforce government efforts to boost domestic ownership of the financial industry, according to a person familiar with the process. Raiffeisen’s Polish assets, including its corporate banking unit, wouldn’t overlap much with PKO’s ...

  Bloomberg Nigeria plans to delay new capital rules for banks as regulators in Africa’s biggest economy follow fellow oil producer Kazakhstan in trying to boost lending and avoid a recession. The Central Bank of Nigeria in 2014 ordered the country’s lenders it considered too big to fail to boost minimum capital adequacy ratios to 16 percent from 15 percent ...

  Bloomberg Two decades ago Europe’s asset-backed securities (ABS) market was in its infancy. It has not aged gracefully. On a panel at the annual gathering of securitisation bankers in Barcelona, the industry’s old guard reminisced about how things were when they met for the very first time in Cork, Ireland in 1996. Securitisation, a technique for transforming groups of ...

  Bloomberg Two centuries after its creation, Norway’s central bank finds itself without any guide in history to help it tackle the challenges ahead. It has largely been forced to follow its bigger peers down a rabbit hole of ever lower interest rates to counter a ‘long-term’ global trend of slower growth, a global savings glut and weakening productivity, according ...

  Our Correspondent/ Emirates Business Alpha Data, one of the UAE’s largest multi-disciplined systems integrators, is noted for a number of projects that have helped enhance the local technology landscape while driving national development. The company began with a team of just two employees in 1981, eventually growing to 800-strong workforce that has built and deployed award-winning information and communications ...

  Our Correspondent EMIRATES BUSINESS Founded by a small group of great minds in the back of a Paris cafe, Criteo rapidly became the global leader in digital performance advertising in a few short years. Driving its growth: tech superiority and data-rich customer insights, measurable ROI for its clients, and the ingenuity and spirit of the company’s employees worldwide. Criteo ...

  Abu Dhabi / WAM The Tourism Development and Investment Company (TDIC) the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Wednesday that the process of removing the temporary sea protection walls, used during the main construction phase, and the integration of the sea with the Louvre Abu Dhabi museum project, has begun. This significant milestone ...

  Dubai / Emirates Business Her Excellency Dr Aisha Bint Butti Bin Bishr, Director General, Smart Dubai City Office (SDO) visited the Dubai Customs Office to hold a strategic meeting with HE Ahmed Mahbooh Musabih, Director, Dubai Customs. Accompanied by a delegation from the SDO, the Director General presented its general plan to introduce the SDO’s objectives and strategies to ...

  Sharjah / Emirates Business Sharjah Business Women Council (SBWC), an affiliate of Nama Women Advancement Establishment (Nama), successfully held its annual Ramadan Summit, with the event taking place at Al Jawaher Reception & Convention Centre in Sharjah. Titled ‘Self Reflections,’ the summit – which takes place each year on the side-lines of SBWC’s Ramadan Suhoor – attracted more than ...

  Dubai / Emirates Business Constance Hotels and Resorts is investing in the metamorphosis of its first property to keep on offering perfect hotel experiences. Constance Belle Mare Plage, situated on the 2km white sand beach of Poste de Flacq is being refurbished this year, while ensuring it retains all of the ingredients that have made its success over the ...