May, 2017

• 1 May

  Credit Suisse to raise $4bn as Swiss IPO plans dropped

  

    Bloomberg Credit Suisse Group AG Chief Executive Officer Tidjane Thiam is bowing to investor pressure to keep the bank’s biggest profit generator and instead will bolster capital by selling stock in a rights offer. The bank will raise 4 billion francs ($4.03 billion) in the sale and said it’s abandoning plans for the partial initial public offering of its ...

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April, 2017

• 30 April

  ADCB net profit jumps 8% to AED1.1bn in Q1

  

    ABU DHABI / Agencies Abu Dhabi Commercial Bank (ADCB) reported on Sunday AED1.1 billion in net profit attributable to equity shareholders, marking an 8 percent increase from the AED1.02 billion recorded in the same quarter of 2016. The bank said the rise in profits was driven by healthy volumes and a strong non-interest income combined with a well-managed cost ...

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• 30 April

  Foreign, corporate investments at UAE stocks surge to AED613mn

  

    Abu Dhabi / WAM Net foreign and corporate investments at UAE stock markets surged to AED 613 million during April 2017 despite the relative volatility of some stocks over the past four weeks. The increasing liquidity is attributable to the hike in foreign purchases, specially by non-Arabs, which hit AED 4.813 billion in April, with sales for the same ...

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• 30 April

  MoE, KIPO sign cooperation pact to improve UAE’s patent system

  

    SHARJAH / WAM The UAE Ministry of Economy has revealed the signing of a new cooperation agreement with the Korean Intellectual Property Office (KIPO) aimed towards improving the UAE’s patent system. The agreement falls within the framework of completion and implementation of the terms of MoU signed by two parties in October last year. Highly qualified technical experts and ...

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• 30 April

  Deyaar profit hits AED32mn

    Dubai / Agencies Deyaar Development announced on Sunday that its net profit amounted to AED 32 million in Q1 of 2017. A company statement said real estate development revenues more than doubled to AED 142 million in the first three months of the year, from AED 60 million in Q1-16. Deyaar reported a strong year-on-year increase in revenues to ...

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• 30 April

  Hamdan unveils Dubai Font

  

    Dubai / Emirates Business His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched the Dubai Font, Microsoft’s first font to be created by a city and named after it, in line with the UAE’s vision to become a regional and global leader in innovation. On this occasion, ...

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• 30 April

  Municipality to use Dubai Font in transactions

    Dubai / WAM In implementation of the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Hussain Nasser Lootah, Director General of Dubai Municipality, issued a directive to use the “Dubai Font” in all Municipality transactions with immediate effect. Lootah has asked the Municipality officials to begin to implement this font in the Municipality’s ...

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• 30 April

  Expo 2020 Dubai offers SMEs an opportunity to ‘Meet the Buyers’

  

    Dubai / WAM Representatives of small and medium enterprises, (SMEs), will get a chance to showcase their firms to procurement staff from Expo 2020 Dubai and some of its largest contractors at an event next week. The first in a series of ‘Meet the Buyers’ events will take place on May 10 in Dubai, where SMEs can gain valuable insight ...

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• 30 April

  Adamas Consultants to offer biz solutions to auto industry

  

    Dubai / Emirates Business Adamas Consultants will provide the highest quality of business management expertise and consultancy to the automotive industry, they see manufacturers and dealership owners as their potential customers, covering volume, performance, luxury and prestige brands across the GCC, Middle East and Northern Africa. Adamas Consultants has been shaped from the vision of Karl Hamer, CEO, who ...

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• 30 April

  Dubai leather show gateway to Gulf’s $2.9 billion market

  

    Dubai / WAM Exotic Indonesian reptile skins, luxury fashion accessories, UAE-produced camel leather goods, and the global launch of 24 karat gilded stilettos from Italy all shared the stage, as the Middle East’s dedicated leather industry trade show opened in Dubai yesterday. The exhibition was inaugurated by Butti Saeed Al Kindi, Second Vice Chairman of Dubai World Trade Centre. The ...

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