March, 2016

• 2 March

  Etisalat, du tie up for ‘Taawun’

  

  Abu Dhabi / Emirates Business Etisalat and du on Wednesday announced ‘Taawun’, a joint initiative to support the long-term vision of the government in developing smart infrastructure and giving customers an opportunity to select their operator of choice for telecom services. It initially includes more than 50 projects and will serve as the model for all new greenfield areas in ...

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• 2 March

  DIB announces 45% cash dividend in 2015

  Dubai / WAM Dubai Islamic Bank (DIB) has announced the distribution of a 45% cash dividend for 2015, a 12.5% increase from the previous year, following the conclusion of its Annual General Meeting (AGM). The assembly approved the bank’s 2015 financial statements. For the 12 months ended December 31, 2015, DIB reported a net profit of AED3.83 billion, a significant ...

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• 2 March

  US$1 billion funds to boost start-ups

  RITIKA SHARMA Emirates Business A whopping US$1 billion in startup investment funds will be present at the STEP conference, which will host more than 200 start ups and exhibitors, organisers announced. STEP, the largest tech and interactive gathering in the Middle East to be held in Dubai next month, plans to host more than 5,000 industry leaders and entrepreneurs from ...

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• 2 March

  63 percent credit card holders in UAE unaware of interest rates

  

  Alkesh Sharma Emirates Business Credit cards could be like double-edged swords. They can come to your aid in dire financial situations, but can also land you in soup if used injudiciously. And prudence calls for being aware. It is this awareness that is lacking here! Known globally for the wide circulation of plastic money, residents in the UAE have a ...

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• 2 March

  DEC, S Korea innovation bond

  Dubai / WAM Hani Rashid Al Hamli, Secretary-General of the Dubai Economic Council (DEC) has said that Dubai has adopted an “innovation” approach for its development agenda, and there are several institutions in Dubai that are actively working to stoke this trend and turn the city towards being at the forefront of the world’s economies in innovation. He also said ...

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• 2 March

  Shurooq to host Food Festival

  Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) is preparing to launch the 10th edition of Sharjah Food Festival. It will take place from March 31 to April 9 in four locations across Sharjah: Al Qasba, Al Majaz Waterfront, Al Montazah and Heart of Sharjah. This year, the festival will include live cooking shows, cookery competitions, entertainment and activities ...

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• 2 March

  Super Tuesday wins pave way for Clinton, Trump nominations

  

  Bloomberg Democrat Hillary Clinton and Republican Donald Trump emerged from Super Tuesday as the odds-on favourites to capture their parties’ presidential nominations, setting up a White House showdown between a longtime political stalwart and an electoral novice whose candidacy has rocked the Republican party. The pair each won seven states on their way to commanding victories yesterday, as Clinton used ...

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• 2 March

  Turkey denies blocking NATO’s Aegean mission

  Tukey / AFP Turkey on Wednesday denied claims that it was blocking NATO vessels deployed in the Aegean Sea from launching a mission to help stop the flow of migrants from Turkish shores to EU territory. “Turkey has been the mastermind” of the proposed mission— details of which have been held up by discord between Turkey and Greece—foreign ministry spokesman ...

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• 2 March

  Demolition at French ‘camp’ enters 3rd day

  Calais / AFP French demolition workers set about razing makeshift shelters in the “Jungle” migrant camp for a third day Wednesday under close watch of dozens of police officers equipped with water cannon. The destruction of the southern half of the sprawling shantytown in the northern port city of Calais, where thousands of migrants and refugees have gathered in the ...

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• 2 March

  Philippines spots suspected Chinese ships at disputed atoll

  

  Manila / AP A Philippine official said on Wednesday that he recently spotted five suspected Chinese coast guard and navy ships at a disputed atoll in the South China Sea and fears Beijing will take control of another area frequented by Filipino, Vietnamese and Malaysian fishermen. Mayor Eugenio Bito-onon Jr., who heads a Philippine-claimed region in the disputed Spratly Islands, ...

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