August, 2018

• 7 August

  DFSA joins peers in discussion on GFIN

  DUBAI / WAM The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, on Tuesday, issued a discussion paper announcing the establishment of a Global Financial Innovation Network (GFIN) and consulting on its proposed functions. The GFIN is a network of leading global regulators, which will seek to conduct joint ...

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• 7 August

  ADGM seeks response to ‘consultation’ on GFIN

  Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is inviting the FinTech and RegTech companies and community in Abu Dhabi and the Mena region to participate and comment on a joint consultation proposing the role and details of a Global Financial Innovation Network (GFIN) initiated by the UK Financial Conduct Authority ...

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• 7 August

  Dubai boosts trade links with Latin America

  DUBAI / WAM The Dubai Chamber of Commerce and Industry recently participated in the 4th Global Agribusiness Forum in Sao Paulo where it highlighted strengthening agricultural trade links between Dubai and Latin America, as well as key areas where bilateral trade can be increased in the future. The forum was attended by more than 1,500 key stakeholders ranging from businesspeople, ...

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• 7 August

  Public-private partnerships to boost economic development in Gulf

  

  DUBAI / Emirates Business In recent years, since the oil price slump, plans have emerged across the Gulf to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure, highlights a new report by Oliver Wyman. Titled “How Public-Private Partnerships can support the Gulf’s Economic development,” the report highlights the significance of the private sector’s contribution ...

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• 7 August

  Stocks rise on economy optimism as dollar slips

  

  Bloomberg US stocks rose within striking distance of records amid optimism economic growth can continue apace even as the world’s two largest economies square off in a trade skirmish. The dollar slid the most in two weeks. The S&P 500 Index hit the highest level since January 29 and the Cboe Volatility Index dipped below 11 for the first time ...

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• 7 August

  China shares post biggest gain in more than two years

  

  Bloomberg Chinese equities powered higher on Tuesday as the Shanghai Composite Index posted its biggest gain in more than two years. Infrastructure and property companies were some of the best performers after a report in state media raised hopes for further policy support. The Shanghai benchmark climbed 2.7 percent, its first advance in a week, to close at 2,779 points. ...

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• 7 August

  Aldar delivers 20% surge in gross profit in Q2 2018

  

  ABU DHABI / WAM Aldar announced its financial results for the first half of 2018, delivering a resilient underlying performance across the business. According to a press statement, gross profit in the second quarter of 2018 increased by 20 percent to AED649 million compared to AED542 million in 2017. Commenting on the results, Talal Al Dhiyebi, Chief Executive Officer of ...

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• 7 August

  Khalifa Fund holds talks on online marketplace benefits

  ABU DHABI / Emirates Business The Khalifa Fund for Enterprise Development (KFED) successfully organised a workshop aimed at increasing more awareness on the significant role being played by today’s online marketplace and the benefits and advantages to be gained from it. The event, which was held in collaboration with the Expo 2020 Dubai Team at the Khalifa Innovation Centre in ...

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• 7 August

  Adnoc continues to develop world class workforce

  

  ABU DHABI / WAM A group of Emirati employees from the Abu Dhabi National Oil Company (Adnoc) has become the first group of trainees to start a two year professional development programme with Schlumberger, an oil and gas industry technology and service provider. The programme is part of Adnoc’s continued efforts to build a world-class workforce with enhanced advanced technology ...

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• 7 August

  Sharjah airport prepares for increased influx of visitors

  

  Sharjah / Emirates Business Sharjah Airport Authority (SAA) announced that it has completed preparations for the peak of the travel season and an expected influx of Hajj pilgrims. Sharjah Airport, which is expecting to receive more than 1.1 million passengers on both scheduled and non-scheduled flights this August, has finalised arrangements for all procedures needed to ensure a comfortable travel ...

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