September, 2017

• 9 September

  UAE most appealing country for GCC real estate investors

  Dubai / Emirates Business The UAE retained its number one position as the most appealing country to invest in real estate in the world for GCC residents, while Dubai is the most preferred city, according to new research. The latest Real Estate Barometer study, conducted in partnership between YouGov and Cityscape Global, asked GCC home buyers and real estate investors ...

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• 9 September

  Tawazun to attend DSEI 2017 in London

  

  Abu Dhabi / WAM The Tawazun Economic Council (Tawazun), will be attending the Defence and Security Equipment International (DSEI), from September 12-15 at ExCel London, UK. Tawazun is currently engaged in organising the UAE Pavilion at the DSEI 2017 in London. It will feature several companies, promoting their Made in UAE products and services, including Nimr Automotive, Abu Dhabi Ship ...

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• 9 September

  One billion riders used Dubai Metro in 8 years

  

  Dubai / WAM The Dubai Metro has broken the one billion passenger barrier, a top official of the Roads and Transport Authority (RTA), announced. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, said that the Dubai Metro, comprising the Red and Green lines, transported 1.028 billion passengers, since the launch of the service on ...

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• 9 September

  MAG PD’s investment value in UAE hits AED9.8 billion in H1

  

  Dubai / Emirates Business MAG Property Development (MAG PD), the property development arm of MAG Group, has announced that it will showcase five real estate projects at Cityscape Global 2017, the world-leading real estate exhibition that will take place at the Dubai World Trade Center (DWTC) from September 11-13. Talal Moafaq Al Gaddah, CEO of MAG Property Development, commented: “Our aim ...

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• 9 September

  Al Hilal Bank names new ‘head of compliance’

  Abu Dhabi / Emirates Business Al Hilal Bank announced a new senior appointment at the leadership team level; Jasem AlHosani as the Head of Compliance, to further drive the Bank’s success and its future growth plans. Alex Coelho, Chief Executive Officer of Al Hilal Bank, stated: “Leading organizations are under an obligation to renew themselves in order to stay ahead. ...

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• 9 September

  SBA boosts its presence at Moscow, Indonesia Book fairs

  Dubai / Emirates Business Sharjah Book Authority (SBA), strengthened its presence on the global arena through its participation at the Moscow International Book Fair and the Indonesia International Book Fair. The authority used its involvement at the literary events to extend bridges of communication and develop channels of cooperation with a large number of publishers and intellectuals from Northern Eurasia ...

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• 9 September

  Hurricane Irma may inflict $200bn damage to US

  

  Bloomberg Hurricane Irma headed for an all-but-certain collision with southern Florida after devastating the Caribbean islands and swiping at Cuba as it threatens to become the most expensive storm in US history. While top winds dropped to 130 miles (209 kilometres) an hour, the life-threatening storm’s swollen size means most of Florida will face hurricane-force winds as it cuts a ...

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• 9 September

  Angela Merkel cites trust problem at carmakers

  

  Bloomberg Angela Merkel, running for a fourth term as chancellor in Germany’s September 24 election, reiterated that her nation’s auto sector has “seen a great loss of trust” and needs to atone for past mistakes. Speaking on her weekly podcast on Saturday, Merkel said the industry is in a period of rapid change, and “modern drive technology is, of course, ...

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• 9 September

  UK’s bid to retain Euro clearing after Brexit gains EU allies

  

  Bloomberg The UK has gained potential allies in its bid to hold on to the business of clearing euro-denominated derivatives after Brexit. Sweden said a European Union proposal to allow authorities to force the biggest foreign derivatives-clearing firms to set up shop in the bloc could prove excessive, according to an earlier document that summarises the positions of 10 national ...

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• 9 September

  Zuckerberg to testify in lawsuit over voting rights

  

  Bloomberg Mark Zuckerberg is heading back to court. Facebook Inc.’s chief executive officer is expected to testify later this month in a shareholder lawsuit over voting power, according to a person familiar with the plans. The trial, set to start on September 26, will explore whether the board had shareholder interests in mind when it approved a new class of ...

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