June, 2016

• 30 June

  Embracing the law of diversification

  

    Our Correspondent EMIRATES BUSINESS Trojan Holding is a UAE based company headquartered in Abu Dhabi with a multinational workforce of over 25,000 employees operating at several office locations and various project sites. It comprises several industry-leading companies: Trojan General Contracting (TGC) specialising in mass housing projects, National Projects and Construction (NPC) specialising in high-rise and infrastructure projects, Royal Advance ...

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• 30 June

  Exquisitely designed devices with premium build quality

  

    Our Correspondent EMIRATES BUSINESS OnePlus, the global technology start-up, has announced the exclusive launch of its much anticipated smartphone, OnePlus 3 on souq.com, the largest online marketplace and retail platform in the Middle East. Labelled as the smartphone ‚without compromises’, OnePlus 3 boasts dash charge, the fastest charging technology available today that delivers over 60 per cent charge in ...

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• 30 June

  UAE hotspot for Muslim travellers

  

    ALKESH SHARMA / Emirates Business Increasing availability of Muslim-friendly travel facilities in the UAE, coupled with easy access to travel information about the nation is facilitating Emirates to strengthen its position as one of the most-sought-after destinations in the global Muslim travel market. Travel industry is expecting a nearly 18 percent increase in the arrival of Muslim tourists to ...

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• 30 June

  Outdated HR policies trigger inequality

  

    Ritika Sharma / Emirates Business While intangible practices and biases are generally rated the most influential barriers for female leaders to grow professionally and become the norm in the industry, tangible barriers in the form of formal or old-fashioned Human Resource (HR) policies also play a foul role in hindering women from scaling the professional ladder in the Middle ...

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• 30 June

  Cayan Group celebrates partnership with ADCB

  

    Abu Dhabi / Emirates Business Cayan Group, the leading property developer in the Middle East, recently organized a ceremonial event to celebrate the Cash Management Partnership with Abu Dhabi Commercial Back (ADCB) the two companies have maintained and developed over several years. Senior representatives from both Cayan and ADCB attended the ceremony which was held at Cayan Group’s HQ ...

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• 30 June

  Dubai Cares launches ‘Volunteer Globally’ in Senegal

  

    Dubai / Emirates Business Dubai Cares has officially launched the 2016 edition of Volunteer Globally — one of the main pillars of its local outreach activities — with a school-building mission in Senegal. The organization’s renowned initiative, which takes UAE residents to disadvantaged areas around the world, will travel to Africa to support the local community in constructing a ...

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• 30 June

  US banks clear Fed’s test, raising investor payouts

  

    Bloomberg Federal Reserve officials cleared dozens of US banks to boost shareholder payouts after conducting annual stress tests that proved too rigorous, again, for subsidiaries of Deutsche Bank AG and Banco Santander SA. JPMorgan Chase & Co, Citigroup Inc, Bank of America Corp and 27 other firms with major US operations passed the exam on Wednesday, with many unveiling ...

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• 30 June

  Deutsche Bank may be top contributor to systemic risk

  

    Bloomberg Deutsche Bank AG, which runs Europe’s biggest investment bank, may be the biggest contributor to systemic risk among the largest lenders, according to the International Monetary Fund. Deutsche Bank “appears to be the most important net contributor to systemic risks” among global systemically important banks, or G-SIBs, the Washington-based IMF said. HSBC Holdings Plc and Credit Suisse Group ...

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• 30 June

  Naira cheer fizzles out as economy sinks

  

    Bloomberg Optimism that a devaluation of Nigeria’s naira would breathe life into the country’s banking stocks faded almost as quickly as it started. The central bank’s abandoning of a 16-month currency peg was greeted with a world-beating rally in the nation’s shares on expectations foreign investors would return to Africa’s largest economy. It didn’t last, with all but two ...

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• 30 June

  Moody’s lowers outlook on Singapore banking industry

  

    Bloomberg Moody’s Investors Service said it revised its outlook for Singapore’s banking industry to negative from stable, amid growing risks to profitability from exposure to energy-related industries and high levels of corporate leverage. Conditions for the lenders are worsening because of slower economic and trade growth in Singapore as well as more broadly in Asia, Moody’s said. The ratings ...

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