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Dubai / Emirates Business In line with the Dubai Blockchain Strategy, announced by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, which mandates that Dubai becomes the world’s first-ever government to execute all applicable transactions using blockchain technology by 2020, the first official Dubai government-hosted event, the inaugural ...

Dubai / WAM Ireland will promote its focus on innovation to a global audience of millions after confirming its participation at the UAE’s celebration of ingenuity, Expo 2020 Dubai. The country’s participation was confirmed in a letter from Ireland’s Prime Minister, Leo Varadkar, which was delivered by Paul Kavanagh, Ambassador of Ireland to the UAE, to HH Sheikh Ahmed bin ...

Bloomberg President Donald Trump welcomed Saudi Crown Prince Mohammed bin Salman as a friend of the US. “A lot of people are at work” because of Saudi Arabia’s business, Trump said, adding that the kingdom has finalised $12.5 billion in purchases of planes, missiles and frigates from US companies. Crown prince Mohammed praised the kingdom’s “really deep” relationship with the ...

DUBAI / WAM Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million. The authorised share capital of Arkan Bank will be $500 million. Arkan Bank is applying to the Dubai Financial Services Authority (DFSA), for approval for a prudential ‘Category 5’ ...

DUBAI / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) highlighted Dubai’s growing popularity as a global cruise destination viable for pre-cruise and post-cruise stopovers and an apt homeport in the region at the Seatrade Cruise Global in Florida, USA, a leading event for the cruise industry. Dubai Tourism exhibited under the Cruise Arabia banner, bringing together ...

Bloomberg China made further promises to protect the intellectual property of foreigners investing in its economy, addressing a long-standing grievance as US President Donald Trump plans new tariffs aimed at Beijing. Speaking at the end of the annual National People’s Congress, Premier Li Keqiang said that China wants to avoid a trade war and that the government plans to further ...

Bloomberg There’s still plenty of long hours, hard work and heavy travel. But global investment banks in Asia that want to retain and promote women have been offering more incentives for them to return to work and stay in senior jobs—and bumping up the numbers of women in their management ranks as a result. Women account for 13 percent of ...

Bloomberg The European Union will consider offering the UK “improved equivalence” for financial services after Brexit, according to the latest draft of the bloc’s negotiating position, a system Britain has rejected as “wholly inadequate.” It’s not clear what “improved” would mean. What is clear is that the EU is rejecting the UK’s bid for its banks to have access to ...

Bloomberg German investor sentiment slumped to its lowest level since September 2016 as concern intensified that Europe’s largest economy could be hurt by a global trade war and a strengthening euro.The ZEW Center for European Economic Research in Mannheim said on Tuesday that its monthly index of investor expectations fell to 5.1 in March from 17.8. Economists in a Bloomberg ...

Bloomberg Publicis Groupe SA, the world’s third-largest advertising company, lifted its outlook for growth on the conviction that it’s the best placed to triumph over structural changes in the industry. “We believe that we are the only ones who have the right assets to succeed,” Publicis Chief Executive Officer Arthur Sadoun said in an interview ahead of an investor presentation ...