Dubai GEP, Emirates Islamic sign pact to offer ‘green finance’

  Dubai / Emirates Business With an aim to provide customers with affordable access to green products, Dubai Green Economy Partnership (Dubai GEP) signed an agreement with Emirates Islamic to provide easy financing options for individual consumers in Dubai to purchase green products on the Green Deal website. The agreement was signed on the sidelines of the World Green Economy ...

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DIFC home to first, innovative ‘equity crowdfunding’ platform in region

  DUBAI / Emirates Business Dubai International Financial Centre (DIFC), the region’s leading financial hub, connecting business and financial institutions with emerging market opportunities across the Middle, East, Africa and South Asia (MEASA), has become home to the first Equity Crowdfunding platform in the region, Eureeca. It is the first multi-regulated global Equity Crowdfunding platform, has over 12,000 investors from ...

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Emirates NBD introduces digital postdated cheque facility

  DUBAI / Emirates Business Emirates NBD, a leading bank in the region, on Sunday announced that its Wholesale Banking unit has introduced a postdated cheque facility, through smartBUSINESS, its online banking channel. Corporate customers can now scan postdated cheques through ‘ICCS Collect’, the flagship collections offering on smartBUSINESS and digitally warehouse these images until the date of clearance. ICCS ...

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Clinton, Trump scramble to finish as poll day nears

  Cleveland / AFP Donald Trump and Hillary Clinton packed their schedules with last minute campaign events on Sunday, two days out from an election that has gripped the world. Clinton is banking on star power to lock in her narrow poll lead, hosting back-to-back weekend pop concerts with Beyonce and Katy Perry and booking a date with President Barack Obama. ...

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Delhi orders 3-day school shutdown over smog

  New Delhi / AFP Schools in the Indian capital will be closed for the next three days, the Delhi state government said on Sunday, as the city struggles with one of the worst spells of air pollution in recent years. “Emergency measures are needed to solve this problem together,” state chief minister Arvind Kejriwal said. “All construction and demolition ...

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British PM warns MPs against blocking Brexit

  London / AFP British Prime Minister Theresa May warned lawmakers on Sunday not to block Brexit, after the High Court ruled that she cannot start the process of leaving the European Union without parliament’s approval. “MPs and peers who regret the referendum result need to accept what the people decided,” May said in her first comments since Thursday’s controversial judgment. ...

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HK rallies against China wades into lawmaker row

  Hong Kong / AFP Thousands took to Hong Kong’s streets on Sunday after Beijing said it would step into an escalating row over whether two city lawmakers who advocate a split from China should be banned from taking up their seats. The protest follows an ongoing judicial review by Hong Kong authorities, who are seeking to disqualify Baggio Leung ...

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S Korea scandal widens as presidential aides arrested

  Seoul /AFP South Korean prosecutors arrested two former top presidential aides on Sunday in a snowballing influence-peddling scandal which has seen tens of thousands of people take to the streets to demand President Park Geun-Hye resign. Park’s approval ratings have hit a historic low of five percent—a record for a sitting president—over the scandal involving her close friend Choi ...

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Test for prime minister as Bulgarians elect president

  Sofia / AFP Bulgarians voted on Sunday in a first round of presidential elections, a key test of Prime Minister Boyko Borisov’s popularity in the EU’s poorest country. If his candidate and protegee Tsetska Tsacheva fails to win the presidency, Borisov might call early elections, plunging Bulgaria into renewed political uncertainty, experts say. Opinion polls suggest that Tsacheva, currently ...

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uae’s food sector sales poised to grow 7.4% every year till 2020

  Dubai / Emirates Business UAE food sales are projected to grow by an annual average of 7.3 percent ($16.7bn) between 2015 and 2020, according to a new BMI report commissioned by Dubai World Trade Centre (DWTC) and released in tandem with the opening of its annual trio of specialist foods shows, which run until November 9. In addition to ...

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