June, 2016

• 22 June

  Suqia board of trustees hold seventh meeting

  

    Dubai / Emirates Business The UAE Water Aid Foundation (Suqia)’s board of trustees held its 7th meeting at Dubai Electricity and Water Authority (DEWA)’s headquarters. Suqia is one of the Mohammed bin Rashid Al Maktoum Global Initiatives. The meeting was chaired by HE Saeed Mohammed Al Tayer, Chairman of the board of trustees of Suqia, and attended by HE ...

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• 22 June

  Carrefour to open hypermarket at Abu Dhabi’s Reem Mall

  

    Abu Dhabi / Emirates Business Reem Mall, Abu Dhabi’s new up and coming entertainment, dining and shopping destination, has announced Carrefour as the Hypermarket operator in the US$ 1 billion project located on Abu Dhabi’s master planned development Reem Island. Carrefour, operated by Majid Al Futtaim Retail, the retail arm of Majid Al Futtaim, the leading shopping mall, retail ...

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• 22 June

  To be fixed, Europe needs a wrecking ball

  

    WASHINGTON Imagine a young Margaret Thatcher, a politician who deeply mistrusts the political establishment and identifies on a gut level with the frustrations of the middle class. That’s shorthand for what Britain will need as it picks up the pieces after Thursday’s “Brexit” referendum. Friends of Britain (and Europe, too) need to stop pretending that support for withdrawal from ...

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• 22 June

  All eyes are on razor-tight UK race

    Politicians in the UK made their final pitch for votes on the last day of campaigning before the EU referendum that will shape the future course of Europe. In both ways, the results will be followed by marathon talks on disengagement with the UK in case of Brexit or to implement concessions made by Brussels to keep London in ...

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• 22 June

  Clinton’s shameful demagogy on Senate gun bills

  “Enough,” says Hillary Clinton. After the Senate defeated several gun-control proposals, she tweeted that word along with the names of the victims of the Orlando massacre. Political activists use tragedy and loss all the time to draw attention to good causes, or causes they think are good. There’s nothing wrong with that. What makes Clinton’s invocation of these names grotesque ...

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• 22 June

  India, Thailand boost ties with Prayut’s visit

  

    Aditya Sharma SPECIAL TO EMIRATES BUSINESS For the first time after a military coup deposed the civilian government of Yingluck Shinawatra, Thailand’s new head of state and military ruler Prayut Chan-o-cha visited India last Thursday. New Delhi has been looking forward to the Thai delegation, which will further boost ties with the Southeast Asian nation. According to local media ...

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• 22 June

  Federal Reserve in retreat as reasons for rate hikes fade

  

    Bloomberg Three weeks ago, Federal Reserve officials sounded like they needed a reason not to hike interest rates soon. Now, they’re in search of a reason to consider any change in policy. “Unless something unexpectedly positive happens, they’re likely on hold for the next couple of meetings,” said Carl Tannenbaum, chief economist at Northern Trust Corp in Chicago. Fed ...

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• 22 June

  Yuan rate increases as banks hoard cash

  

    Bloomberg China’s money-market rate jumped by the most in almost three months as injections of funds by the central bank were overwhelmed by quarter-end demand. The 14-day repurchase rate, a gauge of interbank funding availability, climbed 13 basis points to 2.92 percent. in Shanghai, the most since March 31, according to National Interbank Funding Center prices. The benchmark seven-day ...

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• 22 June

  Banking’s disrupters face upheaval of their own in Brexit vote

  

    Bloomberg Entrepreneurs who’ve flocked to London in recent years to upend the financial world with technology are dreading one potential disruption they can’t control: Britain leaving the European Union. A decision to quit the 28-nation bloc in Thursday’s referendum would threaten trade and regulatory benefits that have made London a hub for financial startups, as well as a center ...

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• 22 June

  Scotiabank to join with Kabbage for online small-business loans

    Bloomberg Bank of Nova Scotia, Canada’s third-largest lender by assets, is collaborating with financial technology firm Kabbage Inc to offer loans online to small businesses. The program will be available in Canada starting next month and in Mexico later this year, Atlanta-based Kabbage said that didn’t include terms. Business customers can apply for loans through Scotiabank’s website in the ...

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