May, 2017

• 15 May

  JPMorgan to buy $137mn Dublin office

  

  Bloomberg JPMorgan Chase & Co. agreed to pay about 125 million euros ($137 million) for an office building under construction in Dublin, according to a person with knowledge of the plan. The person asked not to be identified because the price hasn’t been been announced publicly. The bank’s Irish unit is buying the 200 Capital Dock building from real estate ...

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• 15 May

  Barclays Africa to be front-runner for Mozambique’s Moza Banco

  

  Bloomberg Barclays Africa Group Ltd., the South African bank with operations across 12 countries on the continent, is the lead bidder for Mozambique’s Moza Banco SA, according to people familiar with the matter. The central bank has received three proposals, which will be reviewed by an independent panel before the winner is announced in July, one of the people said, ...

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• 15 May

  PBOC turns to big data for financial supervision

  Bloomberg China’s central bank said it created a new unit to address emerging financial security challenges brought by technological innovations. The People’s Bank of China set up a committee to improve financial technology research and coordination and will study how it affects monetary policy, markets, financial stability, payments and clearance, according to a statement released on Monday. Technology-driven financial innovation ...

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• 15 May

  Credit Suisse to add 1,200 jobs in North Carolina

  Bloomberg Credit Suisse Group AG is adding 1,200 jobs to its offices in Raleigh, North Carolina, weeks after state’s lawmakers and governor reached a deal to resolve a standoff over the state’s so-called bathroom bill. Credit Suisse will increase staff in finance, technology and operations starting this year, through a combination of moving roles from New York and making new ...

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• 14 May

  UAE has utilised innovative technologies to boost growth

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, underlined the importance of raising government efficiency in delivering services to the public. HH Sheikh Mohammed’s remarks came during a visit to the Government Accelerators headquarters on Sunday. A solutions-based collaboration between government, private sector and academic ...

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• 14 May

  VP attends Mashreq Bank Golden Jubilee

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, have attended Mashreq Bank celebrations on the occasion of its Golden Jubilee. The ceremony was also attended by HH Sheikh Hasher bin ...

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• 14 May

  ‘Belt and Road’ initiative to foster global economic growth, stability

  

  BEIJING / WAM The UAE joined on Sunday more than 110 country delegations to participate in the Belt and Road Forum for International Cooperation, hosted by the Chinese Government in Beijing. The move is part of efforts to accelerate progress on the Belt and Road initiative, which aims to enhance cooperation and develop the economies along the Old Silk Road. ...

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• 14 May

  Lootah opens new abattoir in Al Quoz

  

  Dubai / WAM To meet the needs of the public in a healthy and safe manner, the Dubai Municipality opened a new abattoir in Al Quoz area. Hussain Nasser Lootah, Director-General of the civic body on Sunday inaugurated the abattoir, behind Al Wahda Centre in the presence of Assistants to the Director General and directors of related departments. The abattoir ...

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• 14 May

  AED2bn of trading over NBAD since merger

  Abu Dhabi / WAM AED 2 billion worth of transactions were conducted over NBAD’s share through 30 sessions since the merger of the First Gulf Bank and National Bank of Abu Dhabi that created the Middle East region’s largest banking entity under the name First Abu Dhabi Bank (FAB). With 1.3 million shares owned by foreigners, the increased trading over ...

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• 14 May

  Tejar Dubai unveils smart app to ‘boost’ Emirati businesses

  Dubai / WAM Tejar Dubai, an initiative of the Dubai Chamber of Commerce and Industry, launched ‘Enatni’, an app designed to boost the exposure of Emirati-owned businesses. The app is the 27th commercial project launched under the Tejar Dubai entrepreneurship development programme, while it supports Dubai’s transformation to a global smart city. A launch ceremony at Dubai Design District was ...

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