April, 2018

• 24 April

  LSE heads to confront ‘behavioural issues’

  Bloomberg London Stock Exchange Group Plc’s directors should be prepared to confront “behavioural and performance issues” among management, according to a review that absolved its board of blame in the acrimonious departure of former CEO Xavier Rolet. Rolet abruptly left LSE in November amid a battle between the 217-year-old bourse’s board and activist investor TCI Fund Management, which wanted Rolet’s ...

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• 24 April

  DIEDC launches initiative to promote Dubai as a global sukuk-listing hub

  

  Dubai / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) on Tuesday announced its collaboration with Nasdaq Dubai to design and implement new initiatives that complement Dubai’s success in emerging as a leading global sukuk-listing hub. The announcement was made at a session to present updates on the Dubai Gold Sukuk Centre initiative to His Highness Sheikh Mohammed bin Rashid ...

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• 24 April

  Abu Dhabi hotel guests surge to 4.88mn in 2017

  

  Abu Dhabi / WAM The latest statistics from the Abu Dhabi Statistics Centre (ADSC), showed that the number of hotel establishments in Abu Dhabi, including hotels, resorts and hotel apartments, reached 162 while the number of rooms reached 30,882 at the end of 2017. The numbers of hotel guests in 2017 also surged to 4.88 million, a growth of 10.1 ...

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• 24 April

  Abu Dhabi International bags top recognition for its environmental drive

  

  CHIBA CITY / WAM Abu Dhabi Airports announced on Tuesday that Abu Dhabi International Airport is the first airport in the UAE to be awarded the Gold Certificate Recognition 2018 by the ACI Asia-Pacific in the airport category between 15 million to 25 million passengers per year, for its engagement and efficiency in green initiatives, and for displaying consistent commitment ...

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• 24 April

  Noor Bank named ‘Islamic auto finance provider of the year’

  DUBAI / Emirates Business Noor Bank, one of the leading Shari’a compliant banks in the UAE, won the ‘Islamic Auto Finance Provider of the Year’ distinction for the second consecutive year at the YallaCompare Banking Awards. The accolade recognises Noor Bank’s suite of auto finance services and tailored auto-focused solutions offered to customers. Speaking on the win, John Iossifidis, CEO ...

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• 24 April

  Shurooq, Emaar Group sign deal for new hotel in Sharjah

  

  Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq), has signed a management agreement with Emaar Hospitality Group to operate a lifestyle boutique hotel in the heart of Al Qasba. Vida Al Qasba Sharjah, to be operated under Emaar Hospitality Group’s Vida Hotels and Resorts, will add yet another dimension to Shurooq’s tourism portfolio, together with some of the ...

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• 24 April

  Emerging global trade order in focus at DMCC meet

  

  DUBAI / Emirates Business In partnership with Asia House, DMCC, the world’s leading Free Zone for commodities trade and enterprise, hosted the ‘The New Global Trade Order’ conference at Almas Tower on Tuesday. More than 300 policymakers and leading figures from the global trade and investment industries gathered to discuss ways to better understand the emerging world trade system given ...

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• 24 April

  Ten dead in worst Canadian mass killing in almost 30 years

  

  Bloomberg A driver plowed a rental van through a crowd of pedestrians on a busy Toronto sidewalk on April 23, killing 10 and injuring 15, in Canada’s worst mass killing in almost three decades. A 25-year-old man was arrested after a lone policeman unwaveringly stared down the agitated suspect — clothed head to toe in black — who appeared to ...

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• 24 April

  Senate panel approves Pompeo nomination for secretary of state

  

  Bloomberg A divided Senate Foreign Relations Committee voted in favour of Mike Pompeo to be the next secretary of state, paving the way for the CIA director to gain approval from the full Senate later this week and handing a victory to President Donald Trump. The committee backed Pompeo’s nomination after Senator Rand Paul, a Kentucky Republican, reversed his earlier ...

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• 24 April

  Trump warns Iran against restarting nuke programme

  

  Bloomberg President Donald Trump warned Iran not to restart its nuclear program as French President Emmanuel Macron urged him to remain in the international agreement curbing the Islamic Republic’s atomic efforts. Trump made his differences with Macron clear from the outset of a state visit on Tuesday, beginning an Oval Office meeting by saying the Iran deal was “insane, ridiculous, ...

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