November, 2019

• 11 November

  Sharjah stamp exhibition from Nov 19

  SHARJAH / WAM The 10th edition of Sharjah Stamp Exhibition, organised by Emirates Philatelic Association, is set to kick off from November 19-23 at Mega Mall Sharjah. The event will bring together enthusiasts and collectors of rare stamps from the UAE and other countries of the world. The event aims to shed light on the cultural legacy and long postal ...

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• 11 November

  Etisalat launches UAE’s first ‘unlimited calling’

  

  ABU DHABI / Emirates Business Etisalat on Monday announced the launch of its new ‘Freedom Unlimited’ plans, offering postpaid customers – for the first time in the UAE – unlimited local and international calls on select plans. With the new ‘Freedom Unlimited’ plans, postpaid customers can choose a plan, based on their need and enjoy complete freedom from calling limits. ...

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• 11 November

  Adnoc Murban crude to be listed on Intercontinental Exchange

  

  LONDON / WAM Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, on Monday announced that it will launch a new exchange, ICE Futures Abu Dhabi (IFAD), to host the world’s first futures contracts based on Abu Dhabi National Oil Company’s (Adnoc), Murban crude oil. On November 4, Abu Dhabi’s ...

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• 11 November

  UAE opens new school in Yemeni city of Khawkhah

  

  KHAWKHAH / WAM The UAE, represented by its humanitarian arm, the Emirates Red Crescent (ERC), inaugurated a new school in Khawkhah District, which will serve 800 students. The ERC will also launch eight other schools in the coming weeks, bringing the total number of academic establishments restored and furnished by the UAE in the Red Sea Coast to 36. The ...

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• 11 November

  Bankers in $220bn scandal offered gold to hide client cash

  

  Bloomberg At the height of the Danske Bank A/S dirty-money scandal, the lender started offering gold bars to wealthy clients to help them keep their fortunes hidden, according to documents seen by Bloomberg. The bank’s Estonian branch, which was already wiring billions of client dollars to offshore accounts, told a select group of customers, mostly from Russia, that they could ...

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• 11 November

  UBS fined by HK for overcharging clients

  

  Bloomberg Hong Kong regulators fined UBS Group AG 400 million Hong Kong dollars ($51 million) for overcharging global wealth management clients during almost a decade and flagged concerns about serious and systematic problems with the bank’s internal controls. The Hong Kong Securities and Futures Commission (SFC) found that UBS systematically overcharged private banking clients by manipulating the price on bond ...

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• 11 November

  Deutsche Bank discussed IT issues with BoE

  

  Bloomberg Deutsche Bank AG told UK regulators that it’s facing persistent issues in processing high-value payments in the country, a further sign of the IT problems plaguing the lender. The German lender met with Bank of England officials two weeks ago to explain disruptions of payments going through the BoE’s high-value payments system CHAPS on several days in October, according ...

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• 11 November

  AfDB targets $67bn at investment conference

  

  Bloomberg The African Development Bank (AfDB) will discuss 59 projects valued at $67 billion with dealmakers at its flagship investment conference. The deals, which span 29 countries, range from regional infrastructure development to investments in energy, financial services, urban housing and small business support, AfDB President Akinwumi Adesina said in an interview in Johannesburg. “The focus is really on the ...

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• 11 November

  Goldman India co-head to retire after 21 years

  Bloomberg Goldman Sachs Group Inc’s co-head for India business, Vijay Karnani, is retiring from the bank after 21 years with the company, according to a memo seen by Bloomberg News. Karnani joined Goldman Sachs in 1998 as an associate in equity capital markets and moved to the equity derivatives team in Hong Kong in 2000, the memo shows. He became ...

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• 11 November

  Credit Suisse picks new head of struggling investment bank

  

  Bloomberg Credit Suisse Group AG’s investment bank chief stepped down, adding to months of turmoil at the top that started with the departure of its wealth management head and culminated in a spying scandal. Jim Amine decided to resign as chief executive officer of the investment banking and capital markets division and leave the executive board, taking the role as ...

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