May, 2016

• 24 May

  UAE firms look to mobile encryption for security

    RITIKA SHARMA / Emirates Business Mobile encryption is one of the most debated topics in global digital industry. When social media gave a nod to its implementation, there were both concerns and rejoices that echoed across the world. In UAE due to high smartphone penetration and highly digital office environment, IT companies are looking for more innovative mobile encryption ...

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• 24 May

  IRENA council meet kicks off

  

    Abu Dhabi / Emirates Business More than 300 high-level government representatives from 96 countries — the highest number of countries ever represented at a Council — gathered in Abu Dhabi to attend the eleventh meeting of the Council of the International Renewable Energy Agency (IRENA). At the outset of the meeting, the Council elected HE Kenred Dorsett, Minister of ...

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• 24 May

  Dubai property eyes strong ties with Diamond Developers

  

    Dubai / Emirates Business A delegation from Dubai Properties (DP) visited ‘The Sustainable City’ (TSC) — the region’s first fully integrated and operational sustainable community — in Dubai this week. Mohammed Al Habbai, Chief Executive Officer for Urban Planning and Infrastructure of Dubai Properties, led the DP party in their visit that focused primarily on strengthening partnership ties between ...

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• 24 May

  Doha Bank plans to look abroad

  

    Bloomberg Doha Bank QSC plans to expand its foreign operations to compensate for slower growth in Qatar, where a drop in oil prices is causing liquidity to dry up, according to Chief Executive Officer Raghavan Seetharaman. “We have scope for expansion,” he said in an interview at the bank’s headquarters in Doha last week. “It’s not like everything is ...

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• 24 May

  Doha Film Institute films win top accolades at Cannes festival

  

    Emirates Business Four films supported by the Doha Film Institute have won top honours in key sections of the 69th Cannes Film Festival, including the Best Screenplay and Best Actor awards for The Salesman, co-financed by the Institute, in the Festival’s official competition. DFI grantee film Divines, the debut feature by Houda Benyamina scooped the coveted Camera d’Or prize ...

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• 24 May

  Brexit fears take toll on German investors’ confidence

  

    Frankfurt / AFP Investor confidence in Germany fell unexpectedly in May as uncertainty over a possible exit by Britain from the European Union overshadowed strong growth data, a leading survey showed on Tuesday. While official data earlier showed that Europe’s biggest economy grew by 0.7 percent in the first three months —double the growth rate of the preceding quarter — ...

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• 24 May

  French oil refinery strikes spread as fuel shortages worsen

  

    Bloomberg Every oil refinery in France was suffering disruptions or outright shutdowns amid a worsening labor dispute that already caused fuel shortages across the country. All eight of the nation’s refineries were affected by strikes as workers at Exxon Mobil Corp.’s Gravenchon plant in northern France began taking steps to shut down, following similar action by staff at Total ...

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• 24 May

  BOE has responsibility to highlight Brexit risk, says Governor Carney

  

    Bloomberg Bank of England Governor Mark Carney once again defended his obligation to assess economic risks related to Britain’s upcoming referendum on EU membership. The BOE has “a responsibility under our remit to report not just the current trade-off that may hold in terms of returning inflation to target in a sustainable manner, but the risks, the principle risks ...

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• 24 May

  ‘Leave EU’ would raise vacation costs for Britons: PM Cameron

  

    Bloomberg Britons risk pushing up the cost of their vacations if they vote to leave the European Union, Prime Minister David Cameron said in his third warning in three days on how a so-called Brexit would hurt ordinary people in their pockets. An average eight-night, four-person trip to an EU destination would cost an extra 230 pounds ($330), based ...

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• 24 May

  EU courts Algerian gas coop in a bid to counter Russian reliance

  ALGIERS / Reuters Officials from Algeria, the European Union and energy firms meet in Algiers on Tuesday in an attempt to get their energy cooperation back on track and find ways to pump more gas north again after years of dwindling exports. Algeria is seen as a natural partner for the European Union as it looks to diversify energy supplies ...

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