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  Dubai / EMIRATES BUSINESS Project activity in the UAE is forecast to recover in 2017 after a difficult 2016 on the back of a strong recovery in economic growth, according to a new report from Middle East business intelligence service MEED. MEED’s annual UAE Outlook Report for 2016 says that a recovery in oil prices combined with growing public ...

  Dubai / Emirates Business Mashreq — one of the UAE’s leading financial institutions — has partnered with the Dubai Police to provide unique and innovative payment acceptance services to the UAE public. This comes as part of the Dubai smart city and smart government vision of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of ...

  Sharjah / Emirates Business Sharjah-based humanitarian project The Big Heart Foundation (TBHF) has teamed up with the United Nations World Food Programme (WFP) to meet the vital food needs of 17,000 of the poorest non-refugees in the Gaza Strip for one month. Through this partnership TBHF will help WFP transfer funds in the form of food electronic cards to ...

  Bloomberg The pound looks set to extend its decline next week, when traders and economists predict the Bank of England will cut interest rates for the first time in more than seven years. Sterling, which posted its third consecutive monthly drop against the dollar in July, has weakened versus all of its 31 major peers in the past three ...

  Bloomberg Hillary Clinton called her race against Donald Trump the highest-stakes U.S. presidential race in her lifetime as she rallied with her running mate, Senator Tim Kaine, for the first time as the Democratic nominees for president and vice president. “There’s no doubt in my mind that every election in our democracy is important in its own way,” Clinton ...

  Bloomberg Bank of China Ltd. is heading down the old Silk Road marketing new goods: Debut bonds from Saudi Arabia to Kazakhstan. In its biggest-ever foray outside Asia, the state-controlled lender is said to have landed three mandates to co-manage emerging-market Eurobonds, including the Saudi government’s international sale. China’s fourth-largest lender is one of nine underwriters hired by the ...

  Beijing / AFP Dozens of civilians left the besieged and battered opposition-held east of Syria’s Aleppo city on Saturday through a “humanitarian corridor” to the government-held west, state media reported. The Britain-based Syrian Observatory for Human Rights also reported that “a number” of civilians had crossed into government territory. The crossings were the first major movement of people from ...

  Dubai / Emirates Business The National Bank of Ras Al-Khaimah (RAKBANK) on Thursday announced a consolidated net profit of AED 445.5 million for the half-year ended 30 June 2016. The Group’s operating profit increased by 12.0% to AED 1.3 billion as a result of an increase in total income by 3.2% and a reduction in operating cost by 10.0%. ...

  Ajman / Emirates Business Different type of dates including bunches of new harvests were submitted by farmers at the 3rd Liwa Ajman Date Festival and judges will determine the tastiest, healthiest and best looking fruits to win the prize. On the first day of the festival, Saif Saif Thamer Al Marar was announced first prize winner while Mohammed Ahmed ...

  Dubai / Emirates Business Renowned Middle Eastern perfume brand Rasasi is set to introduce a new benchmark in consumer experience, by embarking on a thoroughly elegant redesign of its flagship store in City Centre Deira. To elevate the shopping experience of Rasasi customers, the innovative store introduces a sophisticated design to create an exceptional and imaginative translation of the ...