August, 2017

• 16 August

  DEWA, US delegation discuss cooperation

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) received a high-level American delegation headed by Paul Malik, US Consul-General in Dubai, as part of a series of high level visits by international delegates and organisations to DEWA. Al Tayer welcomed the delegation, noting the importance of such meetings in enhancing cooperation ...

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• 16 August

  Tabreed announces AED2.8bn investment by ENGIE

  

  ABU DHABI / WAM The National Central Cooling Company (Tabreed) announced the successful completion of the investment by ENGIE, the global energy company, to acquire 40 percent of the shares in Tabreed for approximately AED2.8 billion. Headquartered in France, ENGIE is a multinational energy leader and expert operator in the business of electricity, natural gas and energy services with a ...

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• 16 August

  Emirates Islamic named ‘Islamic Personal Finance Provider of the Year’

  Dubai / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has been recognised as the ‘Islamic Personal Finance Provider of the Year’ by YallaCompare, the leading financial comparison site in the Middle East, for its bi-annual banking awards programme. Emirates Islamic has been a leading player in the Personal Finance category, offering its customers ...

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• 16 August

  ADGM launches UAE’s first Foundations regime

  

  ABU DHABI / Emirates Business Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, launched the first of its kind Foundations regime in support of more effective structures for wealth preservation and wealth management. The ADGM Foundations regime provides a strategic platform for financial planning and structuring, serving as an alternative to trusts and corporate vehicles. For ...

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• 16 August

  MBRSG conducts leadership course for Saudi diplomats

  Dubai / Emirates Business The Mohammed bin Rashid School of Government (MB-RSG), a research and academic institution focusing on governance and public policy in the Arab world, concluded a course on ‘Strategic Leadership in the Age of Challenges’ in cooperation with Elm, the Saudi Information Security Company. The programme aimed at providing Assistant Under-Secretaries in Saudi Arabia with a set ...

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• 16 August

  18 social entrepreneurs, start-ups vie for $100mn Expo Live funds

  DUBAI / WAM At least 18 social entrepreneurs and start-ups from 16 countries have pitched their projects on innovative solutions to a panel of experts in Dubai this week. They have sought expert support and a share of the $100 million funding from Expo Live. Expo Live is an innovation and partnership programme launched by Expo 2020 Dubai to fund, ...

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• 16 August

  Private data exchange between businesses outpaces public internet

  

  DUBAI / Emirates Business The capacity for private data exchange between businesses is outpacing the public Internet, growing at nearly twice the rate and comprising nearly six times the volume of global IP traffic by 2020, according to the Global Interconnection Index, a new market study published by Equinix that analyzed the adoption profile of thousands of carrier-neutral colocation data ...

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• 16 August

  Sage meet discusses VAT implementation

  

  DUBAI / Emirates Business Sage, the market and technology leader for integrated accounting, payroll and payment systems, is to host an exclusive customer event to help business professionals navigate the UAE’s implementation of Value Added Tax (VAT) in January 2018. The Sage 300 User Conference took place on August 15, 2017 at the Armani Hotel, Burj Khalifa, Dubai and is ...

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• 16 August

  Galadari bolsters corporate, finance offering

  DUBAI / Emirates Business Galadari Advocates & Legal Consultants announced the appointment of Franco Grilli Cicilioni as a partner based in the firm’s Dubai Inter national Financial Centre (DIFC) office. With over 25 years of exp- erience, Franco bolsters the firm’s Finance and Corporate departments, having advised on a number of financial deals including capital mark- ets, structured finance, asset ...

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• 16 August

  Ireland says it won’t be pawn in Brexit talks, puts EU on spot

  

  ­­­­­­­­­­­Bloomberg Ireland warned it won’t be used as a pawn in wider negotiations on the terms of the UK’s departure from the European Union, as it called Britain’s plans to avoid border checks after Brexit a “step forward.” Envoys need to show “flexibility and imagination” to devise post-Brexit arrangements on the island of Ireland that preserve free movement of people ...

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