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Dubai / Emirates Business Noor Bank, a leading Shari’a compliant bank in the UAE, is the first Islamic bank to have successfully obtained associate membership of FCI, a global representative of the factoring and receivables finance industry. This significant membership will enable Noor Bank to leverage the FCI network in more than 90 countries to offer export and import factoring ...

Abu Dhabi / WAM Team Zayed, made up of employees representing the Environment Agency – Abu Dhabi (EAD) and Dr. Jane Goodall’s Roots & Shoots programme, put on the Zayed Solar Lights Show and lit up the Antarctic night using 100 solar lights, sending a message of unity, hope and action on Climate Change. The team, aptly named Team Zayed, ...

Bloomberg US stocks sank as weak retail sales fanned concern that consumer spending is cooling, while the dollar held steady on bets the Federal Reserve won’t be forced to quicken the pace of rate hikes. Ten-year Treasury yields tightened. The drop in retail spending provided a second data point, after Tuesday’s tepid inflation figures, to suggest unsteady growth in the ...

Reuters Most Middle Eastern stock markets were soft on Wednesday with Qatar pulling back after two days of strong gains, but a few individual stocks in Saudi Arabia rose sharply in response to positive news. Islamic insurer Al Khaleej Takaful tumbled 9.1 percent after saying on Tuesday that it would distribute no dividend for 2017, after the central bank asked ...

Bloomberg The biggest Indonesian platform to buy and sell digital currency may soon have more members than the nation’s century-old stock exchange. Indonesia Digital Asset Exchange, formerly known as Bitcoin.co.id, will have 1.5 million members buying and selling digital currencies such as bitcoin, ethereum and ripple by the end of the year, according to Chief Executive Officer Oscar Darmawan. The ...

Dubai / WAM The world’s first automated, artificial-intelligence-powered renewable energy digital utility is set to be established in Dubai. The utility is proposed by the Dubai Electricity and Water Authority (DEWA), for the Dubai 10X Initiative, an ambitious venture overseen by the Dubai Future Foundation (DFF). The “Digital DEWA” project – the Authority’s digital arm – re-imagines operational procedures for ...

Dubai / WAM The Department of Economic Development (DED), has issued 1,646 new business licences during February 2018 and completed 23,407 business registration and licencing transactions, as Dubai maintained its ability to attract businesses looking to grow competitively and sustainably. Of the total, 11,300 transactions were related to renewals while 2,060 Initial Approvals were given and 3,029 trade names reserved ...

SHARJAH / WAM Sharjah Water and Electricity Authority (SEWA), hosted on Wednesday a high-level delegation from General Electric Power (GE Power), to discuss potential projects to strengthen Sharjah’s power sector in line with the SEWA’s Vision 2020 and the UAE Energy Plan 2050 aimed at driving a culture of innovation, sustainability, cutting carbon dioxide emissions, increasing clean energy and strengthen ...

Dubai / WAM Mashreq Bank has announced that it received two awards at the 2017 EMEA Finance Middle East Banking Awards. The Bank was presented with the ‘Best Local Bank in United Arab Emirates’ and the ‘Best Product Launch in Middle East’ for its card-less cash withdrawal for corporates, which is one of an extensive line of products and solutions ...

Abu Dhabi / WAM The Federal National Council (FNC), has approved, during the 12th session of the third ordinary session of its 16th legislative chapter that was held on Wednesday, which was headed by Marwan bin Ghalita, First Deputy Speaker of the FNC, a draft federal law on product safety, after adding to and amending some of its articles. The ...