March, 2016

• 10 March

  Ras Al Khaimah attracts large number of travellers

  

  RAS AL KHAIMAH / WAM The Emirate of Ras Al Khaimah continues to attract a wide range of international travellers as Haitham Mattar, CEO of Ras Al Khaimah Tourism Development Authority (RAKTDA) visited Beijing, Shanghai, Shenzhen and Guangzhou to raise awareness of the destination in the Chinese market. From February 28 to March 3, Mattar met over 20 of the ...

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• 10 March

  DHA raises awareness on kidney ailments in Dubai

  

  Dubai / Emirates Business The Dubai Health Authority (DHA) run Dubai Hospital has completed its two-week health screening campaign for children and adults to mark World Kidney Day. Keeping in mind this year’s global theme, “Kidney Disease & Children. Act Early to Prevent It,” health specialists from the hospital visited two schools and conducted health awareness campaigns. They also arranged ...

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• 10 March

  Etisalat annual revenues increase by AED51.7bn

  

  ABU DHABI / WAM Etisalat announced on Thursday its consolidated financial statements for the 12 months ending December 31 2015. The board proposed a final dividend payout of 40 fils per share for 2015, representing a total dividend payout of 80 fils for the full year. Etisalat Group’s consolidated revenue for the fourth quarter of 2015 amounted to AED12.7 billion ...

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• 10 March

  Minister of Climate and Environment tours BWMC

  

  SHARJAH / WAM Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, visited the Bee’ah Waste Management Centre (BWMC) in Al Saj’ah. The Minister was accompanied by Essa Al Hashimi, Acting Under-Secretary Assistant for Environmental Affairs, Yousef Al-Ahmad Al Raisi, Director of Waste Management, and a number of officials from the ministry. Al Zeyoudi was received by Salim ...

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• 10 March

  DGCX appoints BOC as settlement bank for DCCC

  

  DUBAI / WAM Dubai Gold and Commodities Exchange (DGCX) has announced the appointment of the Bank of China (BOC) as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC) which is a wholly owned subsidiary of DGCX. With the addition of Bank of China, DCCC has expanded its network of Settlement Banks to five with Emirates NBD, Standard Chartered, HSBC ...

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• 10 March

  DEWA delegation meets Dutch officials in Amsterdam

  AMSTERDAM / WAM A delegation from Dubai Electricity and Water Authority (DEWA) has met Dutch officials from the Kingdom of the Netherlands while making an official visit. The delegation, headed by Saeed Mohammed Al Tayer, MD and CEO of DEWA, met officials from the public and private sectors in both Rotterdam and Amsterdam. The visit supports DEWA’s efforts to exchange ...

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• 10 March

  twofour54 showcases Abu Dhabi’s film production industry

  

  ABU DHABI / Emirates Business Abu Dhabi’s burgeoning filmmaking industry and its position as a prominent production hub was highlighted at CABSAT in Dubai this week, which was attended by twofour54 executives Paul Baker, Issa Aghabi and Yusuf Buti. Paul Baker, Executive Director of Film and TV Services was a guest speaker on a panel discussion titled: “Challenges, trends, growth ...

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• 10 March

  Draghi dazzles with ECB fillip of rate cuts, QE & many more

  

  Bloomberg Mario Draghi unleashed his most audacious stimulus package yet, unexpectedly testing the lower bounds of all the European Central Bank’s interest rates, expanding its monthly bond purchases by a third and signaling it may pay lenders to borrow its cash. The 25-member Governing Council, meeting in Frankfurt on Thursday, cut the rate on cash parked overnight by banks by ...

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• 10 March

  Spain, Portugal’s debt are region’s biggest winners as ECB acts

  Bloomberg Euro-area government bonds surged after the European Central Bank unexpectedly cut all its interest rates and expanded its monthly bond purchases. Spanish 10-year yields dropped the most in five months with the decision boosting peripheral debt relative to the higher-rated peers. ECB officials cut the central bank’s deposit rate by 10 basis points to minus 0.4 percent, and its ...

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• 10 March

  RBS shortfall leaves Osborne facing budget hole as shares drop

  Bloomberg U.K. Chancellor of the Exchequer George Osborne is facing a potential shortfall in the nation’s finances ahead of his annual budget as plans to sell Royal Bank of Scotland Group Plc shares stall. Whipsawing markets and a split within the government ahead of Britain’s June 23 referendum on European Union membership mean the chancellor probably won’t meet next fiscal ...

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