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  DUBAI / Emirates Business GCC Financial Technology (FinTech) startups are cashing in on the always-connected banking habits of Millennials, say industry experts ahead of GITEX 2016. There is a surge in growth of “moneyhawks” — the high-income, and under-35-year-old customers who want constant mobile access to their banking and finance accounts. Banks often struggle to profit from their customers. ...

  Abu Dhabi / Emirates Business Abu Dhabi Ports, the master developer, operator and manager of the ports and Khalifa Industrial Zone in the Emirate, has seen a successful first half of 2016 with new remarkable results announced on Tuesday. This comes in parallel with the prosperous economic growth witnessed in the emirate of Abu Dhabi, reaffirming its prestigious commercial ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, commended the sports achievements of the UAE National Paralympic team at the 2016 Rio Paralympic Games in Rio de Janeiro, Brazil. The team won seven gold, silver and bronze medals. While meeting the members of the team at Zabeel ...

Dubai / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has been awarded the ‘Airline of the Year’ award for the third consecutive year by UK magazine, Travel Trade Gazette (TTG). The awards were announced on Monday night at a prestigious ceremony at the Lyceum Theatre in London’s West End. The airline was nominated in two ...

  Dubai / WAM An economic forum addressing the challenges and prospects of the industry in light of future oil price forecasts, the state of the Middle East economy and the effect of the Chinese trade slowdown on the region’s maritime sector, will open the eighth edition of the biennial Seatrade Maritime Middle East (SMME) exhibition and conference in Dubai, from ...

  Kirkuk / AFP Iraqi forces launched an operation on Tuesday to retake a northern town from the IS group in the latest move to prepare a broad offensive on extremist bastion Mosul. Army and tribal forces pushed towards Sherqat, a town IS extremists took more than two years ago when they swept across Iraq’s Sunni Arab heartland. The town ...

  Shanghai / AFP Two of China’s top steelmakers announced plans Tuesday to merge,creating the world’s second-largest manufacturer of the commodity as markets struggle with a glut caused by Chinese overcapacity. The world’s second largest economy is trying to overhaul its lumbering state sector and especially its steel industry, by using mergers and restructuring to cut chronic overproduction and create ...

  JAKARTA / Reuters Harvard and Columbia university research showing smoke from land fires in Southeast Asia led to more than 100,000 premature deaths last year “makes no sense at all,” an official at Indonesia’s Health Ministry said on Wednesday. Indonesian government records show only 24 deaths related to forest fires in 2015, but the disaster was estimated to have ...

  Bloomberg Tim Farron, the leader of the opposition Liberal Democrat party, called for a second referendum on Britain quitting the European Union to ensure the deal negotiated by Prime Minister Theresa May has public support. Farron, whose party governed in coalition with May’s Conservatives until last year’s general election, accused the premier of having “no clue” about Britain’s future ...

  London / AFP GlaxoSmithKline on Tuesday appointed Emma Walmsley, its head of consumer healthcare, to lead the British drugs giant and develop new treatments in a fast-consolidating sector. Walmsley, 47, succeeds outgoing chief executive Andrew Witty, who is retiring early next year after almost a decade at the helm. Walmsley, who joined GSK from French cosmetics giant L’Oreal six ...