March, 2019

• 25 March

  Etisalat signs deal to strengthen Abu Dhabi’s digital transformation

  

  Abu Dhabi / WAM Etisalat signed a Memorandum of Understanding (MoU), with the Abu Dhabi Smart Solutions and Services Authority (ADSSSA), to boost their collaboration in the digital transformation of government services in Abu Dhabi. Etisalat will provide the technical knowledge and expertise to facilitate the ADSSSA’s drive to digitise Abu Dhabi Government services, thus providing seamless and proactive customer experience ...

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• 25 March

  EEG presents ‘Sustainable Cities and Communities’

  Dubai / WAM The Emirates Environmental Group (EEG), a UAE-based professional working group, held the second-panel discussion of 2019 on the topic of “Sustainable cities and Communities” at the Modul University in Dubai, with the mission of achieving Sustainable Development Goals in the country. The event was conducted in association with the Arabia CSR Network, Emirates Green Building Council and Clean ...

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• 25 March

  ‘Future Build Exhibition’ launched in Ajman

  

  Ajman / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive Council, on Monday launched the “Future Build Exhibition.” The exhibition, which was organised by the chamber, is witnessing the participation of 52 major local and international companies in the building, construction and transportation sectors, who are showcasing their latest ...

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• 25 March

  DFSA hosts Financial Crime Conference

  

  DUBAI / WAM The Dubai Financial Services Authority (DFSA), on Monday hosted a Financial Crime Conference as part of its efforts to strengthen awareness among the financial services sector of the importance of fighting financial crime. The conference highlighted the measures the DFSA is taking to mitigate money laundering and terrorism financing risks. The event shared results of the UAE’s ...

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• 25 March

  US stocks extend declines as Treasuries, dollar stabilise

  

  Bloomberg US stocks extended losses as traders remained on edge following Friday’s sell-off. Treasuries and the dollar steadied. Technology and energy shares led declines in the S&P 500 Index, and a rebound in banks fizzled out. Ten-year Treasury yields traded near 2.44 percent after a closely-watched part of the US curve inverted as investors wager the Federal Reserve will need ...

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• 25 March

  Pound to rally if control of Brexit options gets vote

  

  Bloomberg The pound will rally if lawmakers vote to give themselves a say on what happens next with Brexit, strategists say. Sterling was expected to gain about 1 percent if UK parliament approved a motion to allow votes on Brexit options, said Jeremy Stretch, head of Group-of-10 currency strategy at Canadian Imperial Bank of Commerce. The move would give lawmakers ...

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• 25 March

  US exchanges handle 29% of global Bitcoin trading

  Bloomberg US exchanges handle about 29 percent of global Bitcoin trading — much more than previously thought because some unregulated rivals overseas are inflating their volumes, according to estimates from a firm working to create a crypto exchange-traded fund. The US is the world’s second-largest domicile for exchanges by trading volume after Malta, Bitwise Asset Management found in a report. ...

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• 25 March

  Malaysian tycoon Krishnan nears $500mn loan deal

  

  Bloomberg Malaysian billionaire T. Ananda Krishnan’s Bumi Armada Bhd is nearing an agreement for a loan of around $500 million, people with knowledge of the matter said, in a deal that will give the embattled energy firm more time to restructure. Banks are finalising details of a five-year credit facility, according to the people, who asked not to be identified ...

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• 25 March

  SoftBank’s founder misses out on Amazon stake by $30 million

  

  Bloomberg SoftBank Group Corp founder Masayoshi Son, famous for his early investment in China’s top e-commerce company, also had the chance to own a big stake in Amazon.com Inc — but he missed out over $30 million. Son, speaking at the Milken Institute conference in Tokyo, said he was close to striking a deal to acquire 30 percent of the ...

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• 25 March

  Citigroup moves sales traders to cover ousted Hong Kong team

  

  Bloomberg Citigroup Inc moved a team of sales traders in Hong Kong to work on its equities desk to support clients after eight staff were pushed out in the wake of an internal investigation. Among those moved were Ryan Clendenny, Will Faulkner, Annie Wong, Anthony Levenston and Jensen Feng, according to an internal email sent by Richard Heyes, Asia-Pacific head ...

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