November, 2017

• 27 November

  Banks in Eastern Europe go from punching bags to growth leaders

  

  Bloomberg Consumer spending is booming. Interest rates are bottoming out. Eastern Europe’s banking sector is on an upswing. After surviving the toxic mix of near-zero borrowing costs, harsh regulatory curbs and damage from foreign-currency mortgages, lenders are benefiting from economic expansion accelerating to the fastest in years across much of the European Union’s east. Polish banks’ combined net income rose ...

  Read More »
• 27 November

  Bali airport closes as island awaits major volcanic eruption

  

  Bloomberg Indonesian authorities evacuated some 100,000 people in the island of Bali and shut its airport after Mount Agung volcano erupted, prompting airlines to cancel about 445 flights linking one of the most popular tourist destinations in Asia. Relocation from around Mount Agung’s crater began as volcanologists warned of a “very high likelihood” for a larger eruption, the National Disaster ...

  Read More »
• 27 November

  Cyber Monday caps strong e-commerce holiday sales growth

  

  Bloomberg The holiday shopping season is off to a strong start and retailers hope to continue the momentum today—Cyber Monday—the biggest online spending day of the year. Amazon.com Inc. and Wal-Mart Stores Inc. are vying for holiday spending with competing deals on flat-screen televisions, toys and gadgets. Traditional retailers Macy’s Inc., Sears Holdings Corp. and JC Penney Co. have all ...

  Read More »
• 27 November

  Mumbai airport’s flight record shows surge in India air travel

  

  Bloomberg Rising incomes and cheaper fares offered by budget carriers are fueling air travel in India, an aviation market set to be the third biggest behind China and the US. In signs traffic is surging, Mumbai on November 24 handled 969 flights in a 24-hour period, a world record for an airport that operates only one runway at any given ...

  Read More »
• 27 November

  Thriving British aviation sector confronts price of Brexit

  

  Bloomberg As monuments to Britain’s past glories go, it’s hard to beat the Royal Air Force Club. Housed in a handsome stone building in London’s tony Mayfair district, the facility for current and former RAF personnel is stuffed with oil paintings of great moments in British aviation, busts of accomplished pilots and historic treasures like the first flight-test report for ...

  Read More »
• 26 November

  Expo 2020 allots contracts worth AED10.8bn in 2017

  Dubai / WAM Expo 2020 Dubai has so far awarded AED10.8 billion construction and AED411 million non-construction contracts in 2017. Preparations are firmly on track, with the global destination exceeding its pledge of distributing AED360 million non-construction contracts this year. It will reach its target of AED11 billion construction contracts after awarding urban planning and event overlay packages due to ...

  Read More »
• 26 November

  VP, Mohamed attend F1 Grand Prix final

  

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, a number of world leaders, dignitaries and senior officials on Sunday attended the final ...

  Read More »
• 26 November

  737 Emiratis receive AED476 million in housing assistance

  DUBAI / WAM The Board of Directors of the Sheikh Zayed Housing Programme approved the names of 737 Emiratis, who are eligible for housing support, with a total value of AED476 million, coinci-ding with the celebrations of the 46th National Day in the country. During a meeting at the Etihad Museum in Dubai, Dr Abdullah bin Mohammed Belhaif Al Nuaimi, ...

  Read More »
• 26 November

  ADGM, Al Fardan Exchange partner to foster UAE’s fintech ecosystem

  

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and Al Fardan Exchange, have entered into a cooperation partnership to develop and support the FinTech ecosystem in the UAE. The Memorandum of Understanding (MoU) was signed by Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority (FSRA) of ADGM, and Osama Al Rahma, CEO of Al Fardan Exchange. ...

  Read More »
• 26 November

  SHUAA capital initiates Egypt operations

  ABU DHABI / WAM SHUAA Capital announced that its securities brokerage arm, ‘SHUAA Securities’, has officially commenced operations in the Egyptian market, following a green light from the Egyptian Financial Supervisory Authority (EFSA). With an initial and dedicated 40 person strong task-force, SHUAA Securities Egypt has been executing its first transactions since being granted approval. SHUAA Capital had earlier confirmed ...

  Read More »