August, 2018

• 29 August

  DFSA signs fintech pact with Singapore monetary authority

  

  DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) on Wednesday entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority. The agreement reflects the commitment of both authorities to develop an environment that supports the sustainable development of financial services through emerging technology. ...

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• 29 August

  Azizi unveils AED342mn residential project in Dubai Healthcare City

  

  Dubai / Emirates Business Azizi Developments, one of the leading private developers in the UAE, is launching its third premium residential project in Du-bai Healthcare City (DHCC) Fa- wad Azizi Residence. The AED 342mn project is spread over a total construction area of 565, 503 sqft and will have a total of 396 upscale apartments compr-ising 201 studio apartments, 165 ...

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• 29 August

  Emirates NBD launches DirectRemit to the UK

  

  DUBAI / Emirates Business Emirates NBD, a leading bank in the region, announced the launch of DirectRemit services to the United Kingdom (UK), enabling customers to transfer money instantly back home, free of any charges and at competitive exchange rates. Emirates NBD’s remittance service is the fastest in the UAE and enables GBP transfers to Lloyds Bank accounts in less ...

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• 29 August

  India named guest of honour for ADIBF 2019

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has designated India as the guest of honour for the 29th edition of the Abu Dhabi International Book Fair (ADIBF), which will be held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

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• 29 August

  I-Life launches three back-to-school laptops

  

  DUBAI / Emirates Business A developer for innovative technologies; i-Life Digital Technology announced the launch of its latest notebooks for students in the UAE. With schools moving towards e-learning; digital devices are the most essential and a must-have for students today. I-Life has launched three new devices, Zednote Prime- Convertible, Zedair-Ultra slim and Zedair-Lite Ultra slim notebook. i-Life’s new range ...

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• 29 August

  Zaitoun Green initiates maritime consortium

  

  ABU DHABI / WAM Dubai based Zaitoun Green Shipping LLC has initiated, together with world leading companies in smart technology and solutions, a consortium to collaborate on radically improving performance of container ships and forming a new business model for this market. The consortium consists of the top international industry key players such as MacGregor, Mitsubishi Heavy Industries Marine Machinery ...

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• 29 August

  Aston Martin moves towards IPO, offers pre-Brexit windfall

  

  Bloomberg Aston Martin is preparing to list its shares in London after the brand synonymous with UK spymaster James Bond pulled off a multi-year turnaround. The British maker of sports cars made famous in movies from “Goldfinger” to “Skyfall” is said to target a valuation of about 5 billion pounds ($6.4 billion) — approaching Ferrari NV’s multiples. A final decision ...

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• 29 August

  Fewer Americans lack healthcare plans since debut of Obamacare

  

  Bloomberg Fewer Americans lack health insurance — but the gap remains wide, especially in some pro-Trump states. The number of uninsured declined to 28.3 million in the first quarter, down from 29.3 last year — and 48.6 million in 2010, the year the Affordable Care Act was signed into law by then-President Barack Obama, according to data from the federal ...

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• 29 August

  Britons obsessed with house prices, shows data

  Bloomberg Discussion of house prices has long been a national pastime in Britain, and it’s little wonder. Land accounted for 51 percent of the UK’s net worth in 2016, far more than in any other measured Group of Seven country, the Office for National Statistics said on Wednesday. In Germany, the figure was as low as 26 percent and the ...

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• 29 August

  Steinhoff ex-CFO blames financial scandal on ‘boss’

  

  Bloomberg Steinhoff International Holdings NV ex-Chief Financial Officer Ben La Grange blamed departed leader Markus Jooste and auditors including Deloitte LLP for the retailer’s accounting scandal, saying he became aware of any wrongdoing only days before the crisis erupted. In his first public comments since being suspended by the company, La Grange said Steinhoff’s financials were corrupted by third-party transactions ...

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