August, 2016

• 31 August

  Al Mansouri visits Etihad Airways Innovation Hub

    Abu Dhabi / WAM The General Civil Aviation Authority (GCAA) paid visit on Wednesday to the Etihad Airways Innovation Hub in Abu Dhabi in the presence of Sultan bin Saeed Al Mansouri, Minister of Economy. He was accompanied by Omar bin Ghaleb, GCAA’s Deputy Director-General and Assistant Director of Support Services, Laila Ali bin Hareb Al Muhairi, GCAA’s Assistant Director-General of ...

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• 31 August

  UAE crude oil exports to Japan hit 25mn barrels

  

    Abu Dhabi / WAM Data released by Tokyo’s Agency for Natural Resources and Energy (ANRE) shown that Japan imported 25.47 million barrels of crude oil from the UAE in July. This accounted for 26.1% of Japan’s total crude imports, the agency, which is part of Japan’s Ministry of Economy, Trade and Industry, said. Saudi Arabia provided 32.89 million barrels, or ...

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• 31 August

  Govt supports national food diversity: Al Zeyoudi

  

    Abu Dhabi / WAM The federal government takes interest in the national companies that work within the food diversity ecosystem, Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment said. While touring the National Feed and Flour Production and Marketing company in Abu Dhabi, he praised the company’s role in preserving national food diversity, noting that such ...

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• 31 August

  Abu Dhabi to host WiN global conference from November 20-23

    Dubai / Emirates Business Delegates from across the globe will unite in Abu Dhabi this November to celebrate women’s achievements in the nuclear industry at the 24th Global Women in Nuclear (WiN) conference. To be held at the Fairmont, Bab al Bahr hotel between November 20-23, the conference is held under the patronage of HH Sheikha Fatima bint Mubarak, ...

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• 31 August

  Canada keen to join China-backed AIIB

  

    Beijing / AFP Canada will apply to join the China-backed Asian Infrastructure Investment Bank (AIIB), Ottawa’s finance department said on Wednesday, in a coup for Beijing after Washington had tried to dissuade US allies from signing up. “Canada is always looking for ways to create hope and opportunity for our middle class as well as for people around the ...

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• 31 August

  Australia to probe big banks’ practices

  

    Bloomberg Australia’s government will probe bank lending to small businesses as Prime Minister Malcolm Turnbull tries to stave off opposition calls for a broader inquiry into the financial industry. The inquiry, to be conducted by the Small Business and Family Enterprise Ombudsman, comes on top of moves to summon chief executives of the nation’s big four banks to testify ...

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• 31 August

  Japan’s biggest banks to sign agreement with Saudi Aramco

    Bloomberg Mitsubishi UFJ Financial Group Inc.’s banking unit and its two biggest Japanese peers plan to sign a non-binding agreement with Saudi Arabian Oil Co. in Tokyo this week to expand lending to the state-run firm as it considers an initial public offering, reports said. Bank of Tokyo-Mitsubishi UFJ Ltd. President Takashi Oyamada and Sumitomo Mitsui Financial Group Inc. ...

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• 31 August

  NBC posts $365mn net profit in Q3

    Bloomberg National Bank of Canada (NBC) became the sixth Canadian lender to beat analysts’ estimates, posting a 5.5 percent jump in profit on record earnings in personal and commercial banking and gains in wealth management. Net income for the fiscal third quarter ended July 31 rose to C$478mn ($365mn), or C$1.31 a share, from C$453mn, or C$1.28, a year earlier, ...

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• 31 August

  Scotiabank cuts 827 jobs in restructuring

    Bloomberg Bank of Nova Scotia eliminated 827 jobs since the end of April, mostly in its Canadian business, as the lender reorganized to adapt to consumers embracing digital technology. The company had 88,783 workers in the fiscal third quarter, which ended July 31, down from 89,610 in the second quarter, when the bank took a C$278 million ($213 million) ...

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• 31 August

  India’s top woman banker sees cracks in glass ceiling

  

    AFP The first female head at one of India’s biggest banks says a ruling forcing firms to appoint women directors to boards has eased chronically lopsided gender ratios — but warns too many firms are still failing to embrace diversity. State Bank of India (SBI) chairwoman Arundhati Bhattacharya said that the regulator’s moves to get rid of the “old boys’ ...

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