UAE leaders congratulate Ugandan President on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Yoweri Museveni, President of Uganda, on the occasion of his country’s Independence Day anniversary. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...

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Saud bin Saqr Al Qasimi receives ambassador of Netherlands

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Monday received in his palace at the Saqr bin Mohammed City, Gerard Paul Marie Hubert Steeghs, ambassador of the Kingdom of the Netherlands to the UAE, who called on him on the occasion of beginning of his assignment. ...

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Sultan bin Ahmed inaugurates Ithraa career fair by EIF

SHARJAH / WAM HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, inaugurated on Monday the third edition of the Ithraa career fair which is organised by the Emirates Institute of Finance (EIF) in partnership with the Sharjah Department of Human Resources (SDHR), the Nafis Programme and the Sharjah Chamber of Commerce and Industry. Sheikh Sultan ...

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Insurance House partners with BIBF to deliver bespoke insurance programme

ABU DHABI / GULF TIME Insurance House (IH) is pleased to announce its partnership with the Bahrain Institute of Banking & Finance (BIBF), a reputable financial institute in the GCC, to deliver a bespoke insurance programme approved by the Chartered Institute of Insurance UK. The identified talents within Insurance House will have the exclusive opportunity to participate in this six-month ...

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Al Etihad Payments, NIPL to build UAE’s first domestic card scheme

ABU DHABI / WAM In the presence of HH Sheikh Hamed bin Zayed Al Nahyan, Al Etihad Payments (AEP), a wholly-owned subsidiary of the Central Bank of the UAE (CBUAE), and NPCI International Payments Limited (NIPL), have announced a strategic partnership to advance the development of the UAE’s first national Domestic Card Scheme (DCS). The agreement was exchanged between Saif ...

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Big 5 Global returns for its 44th edition in Dubai in December

DUBAI / WAM The Big 5 Global, the MEASA region’s largest construction industry event, is scheduled for December 4-7, at the Dubai World Trade Centre. The event expects 2,200+ exhibitors and 68,000+ attendees from 150+ countries, fostering networking, partnerships, and knowledge exchange. It brings together stakeholders from contractors, developers, architects, engineers, and innovators to ESG advisors and policymakers, fueling the ...

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Dollar gains against peers as traders seek havens

BLOOMBERG The dollar strengthened against most of its major peers as currency traders got their first chance to react to a shock attack. The greenback — seen as a haven in times of trouble — advanced 0.2% versus the euro and pound, while risk currencies such as the Aussie and kiwi weakened. The Norwegian krone was the best-performing major currency ...

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Chinese stocks languish after return from holiday amid risks

BLOOMBERG Chinese stocks ended lower in a choppy session following their return from the Golden Week break, as investors parsed holiday-spending data while navigating global market volatility. The CSI 300 Index closed down 0.1% on Monday, its first trading session since September 28. Risk assets were hammered last week as renewed concern about higher-for-longer US interest rates spurred a Treasuries ...

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Metro Bank CEO says Barclays among potential buyers of mortgages

BLOOMBERG Metro Bank Holdings CEO Daniel Frumkin indicated that Barclays Plc is among the possible buyers of a $3.7 billion mortgage portfolio the struggling lender put up for sale as it attempts to strengthen its balance sheet. Frumkin said the process had attracted significant interest from potential suitors including one not “dissimilar to what’s on your paycheck.”

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Plan to debut flying taxis for Paris Olympics faces engine setback

BLOOMBERG A plan to whisk passengers around Paris in air taxis during the Olympic games next year faces a new challenge after manufacturer Volocopter GmbH said the advanced electric motors it needs for its two-seater craft have been delayed. Volocopter is working with the engine maker and continues test flights with other, less-refined motors as it seeks to obtain regulatory ...

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