June, 2018

• 5 June

  Mashreq appoints new head of marketing & Mashreq NEO

  Dubai / Emirates Business Mashreq Bank, the UAE’s leading financial institution, announced the joining of Sridhar Iyer as Head of Marketing & Head of Mashreq NEO. Prior to joining Mashreq, Sridhar held a number of senior positions with Citibank and Lloyds Bank in India and the UK. He first joined Citibank in 1996, where he was responsible for setting up ...

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• 5 June

  Second edition of ‘Market Access Programme’ launched

  

  DUBAI / Emirates Business Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, launched the second edition of its Market Access programme, which aims to enhance cooperation and facilitate deals between innovative startups (SMEs), leading companies and government entities in Dubai. Startups and SMEs are invited to submit innovative ideas and solutions that solve key challenges faced ...

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• 5 June

  Dubai ranks seventh in government efficiency, tax system globally: IMD

  

  Dubai / WAM Dubai has ranked first in the Arab world in terms of government budget (as percentage of GDP), while globally the emirate ranked seventh in government efficiency and third in public finance, according to the Competitiveness Report 2018 issued by the International Competitiveness Centre of the International Institute for Management Development (IMD) based in Lausanne, Switzerland. Commenting on the ...

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• 5 June

  Pope Francis hails UAE’s  efforts to promote tolerance, boost inter-faith dialogue

  VATICAN / wam Pope Francis has commended the efforts made by the UAE to promote tolerance and strengthen inter-faith dialogue and peaceful co-existence between world peoples. Pope Francis made the remarks at his meeting at the Vatican with HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, who is currently on an official visit to ...

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• 5 June

  Dubai Culture organises ‘Zayed Used Books Fair’

  Dubai / WAM Dubai Culture and Arts Authority, represented by Dubai Public Library, announced the start of ‘Zayed Used Books Fair’ at Etihad Mall. The exhibition will be held until June 9. The five-day exhibition is in collaboration with Al Noor Charity association, and is part of a series of events organised by the authority in conjunction with ‘Zayed Humanitarian ...

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• 5 June

  ADM launches readymade low-cost engineering designs for annexes of land plots

  

  Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), launched a new drive as part of its initiatives for the Year of Zayed whereby readymade engineering designs of annexes to residential land plots will be offered. These models will be provided at reduced rates; which will slash the financial costs of such operations when undertaken through normal channels. The ...

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• 5 June

  Mideast’s largest living green wall unveiled in Dubai

  

  Dubai / Emirates Business In a bid to promote sustainable living, Dubai Properties on Tuesday officially unveiled the Middle East’s largest living green wall at Dubai Wharf, located in the heart of Culture Village overlooking the historic Dubai Creek. Extending 210 metres in length and rising six metres high, the impressive vertical garden spans 1,260 square metres and features over ...

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• 5 June

  Middle East bets on $100 billion industry as oil-use outlook dims

  

  Bloomberg They are the building blocks of our daily stuff, from sports shoes to computer keyboards, created when oil and natural gas molecules are split, or cracked, to produce ethylene, propylene and other chemicals. The petrochemicals are big business in the oil-rich Persian Gulf, and they’re poised for further growth. Energy producers view these compounds increasingly as a key to ...

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• 5 June

  Petrobras rebounds from rout as Monteiro takes over as CEO

  

  Bloomberg Petroleo Brasileiro SA jumped on news that its chief financial officer is taking over as interim CEO, offering some continuity to investors rattled by political pressure at the state-controlled oil producer. Ivan Monteiro was named after the resignation of Pedro Parente, as Brazilian politicians called for a chief executive officer more focussed on the good of the nation than ...

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• 5 June

  Canadian oil has record day after Enbridge scraps new rules

  Bloomberg Canadian crude surged by the most ever after Enbridge Inc. said it won’t implement a new procedure to stop shippers from claiming more space than they can use on a key pipeline linking Alberta’s oil sands with US refineries. Western Canadian Select jumped as much as $12.20 a barrel to $13.80 below the US benchmark, the narrowest spread since ...

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