MBRF inks pact with Emirates Islamic Bank

  Dubai / Emirates Business The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) signed an agreement with Emirates Islamic Bank, whereby both parties will collaborate to support efforts to mark the Year of Giving 2017. In the agreement, the Foundation and Emirates Islamic pledge to exchange knowledge and expertise, and to launch joint initiatives and projects to promote social ...

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MOTN to celebrate Emirati Women

  Abu Dhabi / Emirates Business Mother of the Nation Festival (MOTN), the largest of its kind in Abu Dhabi which pays tribute to the values and extensive contributions of H.H. Sheikha Fatima bint Mubarak, will mark International Women’s Day by celebrating women’s role in Emirati society. Highlighting the values instilled in every Emirati citizen by HH Sheikha Fatima bint ...

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Etihad’s GBSS centre receives royal stamp of approval

  Emirates Business Her Highness Dr Sheikha Shamma bint Mohammed Al Nahyan made a special visit to Etihad’s Global Business Service Solutions (GBSS) facility in Al Ain. Tuesday’s visit was part of Etihad Aviation Group’s (EAG) activities to mark International Women’s Day, recognised internationally on March 8 each year to celebrate the achievements of women. This year’s theme is ‘Be ...

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Forcing EU to make the biggest decision

  In trademark EU style, European Commission President Jean-Claude Juncker outlined a vision for the bloc’s future recently by presenting five of them. While some will see an attempt to shape the agenda without taking responsibility, it sounded more like an impatient call for members to find the courage to rally around an actual strategic decision. By striking a neutral ...

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Uber should beware the DUD behind Indian expansion

  It’s great that Travis Kalanick is seeking leadership help, though the Uber Technologies Inc. CEO might need advice in another area. Let’s call it DUD — distressed Uber debt. After a dashboard video of Kalanick’s spat with a driver, Fawzi Kamel, went viral last week, the co-founder of the ride-hailing service offered “a profound apology” and promised to change ...

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Trump’s un-American travel ban, part II

  President Donald Trump’s latest executive order restricting immigration from several majority-Muslim countries is less sweeping and careless than his last one, which federal courts put on hold last month. But even if it withstands judicial scrutiny, it is still un-American and unwise — and if it doesn’t, the president needs to resist his impulse to lash out. The new ...

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Beijing-Seoul crisis deepens over THAAD

  Militaries of US and South Korea announced US missile launchers and some components of the controversial Terminal High-Altitude Area Defense System, or THAAD, arrived in South Korea, a step to deter belligerent North Korea. But the move has not only angered North Korea, which continues to pursue a broad range of nuclear missiles, including those fired from road mobile ...

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‘Yingde Group’s deal with PAG will hurt auction’

  Bloomberg Yingde Gases Group Co. Chairman Zhao Xiangti’s agreement to sell his stake to a private equity firm undermined the chance of a better deal from other potential buyers, according to an expelled founder fighting to regain management control. The allegation against Zhao is among the latest in the war of words between the three estranged founders of the ...

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Russian economy ‘exits’ recession

  Bloomberg Russia has exited recession, with a little help from the boys in uniform, a major statistical revision – and the global oil price. And not just any recession, but its longest in two decades. So what happened? Is the economy really out of the woods? Actually, the contraction ended a few quarters earlier than previously estimated, according to ...

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Comcast buying out Japan park partners

  AP Comcast NBCUniversal is paying $2.3 billion to buy out its partners to take full ownership of Universal Studios Japan. The company said Tuesday that it had agreed to purchase the 49 percent stake in the theme park from its partners, including Goldman Sachs, a US hedge fund and an Asian private equity firm. Comcast NBCUniversal says the purchase ...

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