October, 2016

• 13 October

  Lenovo expands ‘smart’ footprints

  

    Dubai / Emirates Business Lenovo (HKSE:992) has launched its latest smartphones with the pioneering devices, the Moto Z and the Moto Z Play, in the United Arab Emirates. With Moto Mods, Lenovo has entered the next era of mobile technology. Consumers can transform their Moto smartphone into exactly what they need it to be, and the possibilities are endless. ...

  Read More »
• 13 October

  The Classic Sonata from Ulysse Nardin

    Emirates Business Combining classical beauty with stunningly functional complications, the Classic Sonata makes its entrance. Mechanical complications that have been pared down to their most essential form are celebrated by the classical lines of this covetable piece in titanium and steel. The alarm function with its pleasant chime, and the Dual Time system with instant time zone adjustor, are ...

  Read More »
• 12 October

  UAE to have world’s first Sharia-compliant trade bank

    Dubai / WAM The founding committee of the Dubai Islamic Economy Development Centre (DIEDC) is in advanced discussions with the Central Bank of the United Arab Emirates (UAE) regarding provisional approval for an Islamic wholesale banking license for Emirates Trade Bank, the centre announced on Wednesday. Emirates Trade Bank will be the first of its kind global Sharia-compliant bank ...

  Read More »
• 12 October

  Khalifa issues Abu Dhabi’s cultural heritage law

    ABU DHABI / WAM A law on the protection, discovery, preservation, management and promotion of the emirate’s cultural heritage and non-UAE physical cultural heritage was issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan in his capacity as Ruler of the Emirate of Abu Dhabi. The law governs the mandate of the Abu Dhabi Tourism and Culture ...

  Read More »
• 12 October

  Dubai, Kuwait Customs agree to exchange intelligence information

    Dubai / WAM Dubai Customs and General Administration of Kuwait Customs have agreed to set up an electronic integration system for exchange of customs intelligence information and automated clearance of goods imported to Kuwait from Dubai ports, and vice versa. The system, scheduled for implementation early in 2017, will allow the interchange of risk information gathered from processing customs ...

  Read More »
• 12 October

  Dubai Municipality rolls out first corporate climate change policy

  

    Dubai / WAM The Dubai Municipality on Wednesday launched its corporate policy on climate change in support of the goals and directives of Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum and his vision for green sustainable development for the Emirate of Dubai. The Dubai Municipality’s climate change ...

  Read More »
• 12 October

  Emirates NBD launches first pilot blockchain network

    Dubai / WAM Emirates NBD on Wednesday launched the bank’s pilot blockchain network for banking services, a first for any private sector entity in the UAE. This was accomplished after it successfully completed a proof of concept blockchain network for international remittances and open account trade finance, in partnership with ICICI Bank Limited, India’s largest private sector bank by ...

  Read More »
• 12 October

  UAE, Antigua and Barbuda sign investment pact

    Dubai / EMIRATES BUSINESS An Investment Promotion and Protection Agreement (FIPA) was signed between the UAE and Antigua and Barbuda on Wednesday. The agreement was signed during a meeting between HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, and Gaston Browne, Prime Minister of Antigua and Barbuda, where they ...

  Read More »
• 12 October

  Coop to drive FinTech growth in traditional and Islamic sectors

  

    Dubai / Emirates Business Fears of an imminent disruption to traditional banking from the financial technology sector are overblown, with a collaborative approach being the most likely way forward, according to experts at the Global Islamic Economy Forum being held in Dubai. Speaking at a plenary session titled: The Tesla of finance is coming: are Islamic banks ready for ...

  Read More »
• 12 October

  Mohamed says UAE committed to support Arab League

    Abu Dhabi / WAM The UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is committed to consolidating Arab joint action to realise the aspirations of the Arab people for development, building and stability, and supporting the Arab League’s efforts to serve Arab issues. “Understanding the gravity of challenges facing the Arab nation and their ...

  Read More »