Dubai hosts Africa’s travel, trade team

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is hosting its largest ever group of travel trade professionals from Africa, during a six-day familiarisation trip aimed at positioning Dubai as a leading destination of choice. The familiarisation trip, which ends on June 7, has given over 300 senior management executives from 12 African countries ...

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MBRSC, UAEU to develop Emirati talent in space technology

  Dubai / Emirates Business Within the framework of strengthening cooperation links with educational entities in the UAE, the Mohammed bin Rashid Space Centre (MBRSC) signed a Memorandum of Understanding (MoU) with the United Arab Emirates University (UAEU) in order to develop qualified national human resources to work in the space science and technology sector. The MoU was signed by ...

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Emirates NBD to distribute sunglasses to Dubai labourers

  Dubai / Emirates Business Emirates NBD, a leading banking group in the region, launched its sunglasses for labourers campaign this summer for the second consecutive year. Working in partnership with La Moda Sunglasses and the Smartlife Foundation, Emirates NBD staff volunteers will collect and distribute over 2,000 new and donated sunglasses to Dubai labourers during the holy month of ...

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AMAF highlights UAE’s humanitarian efforts

  Dubai / WAM The Awqaf and Minors Affairs Foundation, AMAF, has reinforced Dubai’s leading global status in humanitarian work and the efforts of the emirate, as well as the wider UAE, in carrying out charitable endowment projects to promote values of tolerance, philanthropy and solidarity among the peoples of the world. The message was conveyed by Tayeb Abdul Rahman Al-Rais, ...

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Dubai Food & Beverage Group launches charity programme

  Dubai / Emirates Business The Food and Beverage Business Group, a non-profit industry organisation under the patronage of Dubai Chamber, on Monday launched ‘Wafaa’, which means ‘giving back to the society’, a food donation initiative where essential food items will be packaged and delivered to the less fortunate in collaboration with the Beit Al Khair Society. The launch ceremony ...

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‘Leave’ takes Brexit poll lead as Major turns fire on Johnson

  Bloomberg Campaigners to get Britain out of the European Union have moved into the lead, according to a YouGov poll that increases the pressure on Prime Minister David Cameron with less than three weeks until the referendum. The online poll for ITV’s Good Morning Britain programme on Monday put “Leave” voters at 45 percent and “Remain” at 41 percent, ...

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Pound tumbles, volatility jumps after surveys show UK exit momentum

  Bloomberg The pound slumped to a three-week low after polls showed more Britons favor exiting the European Union, reviving concern a June 23 referendum will throw global markets into turmoil and undermine confidence in the 28-nation trading bloc. Sterling weakened against all 10 developed-market peers after two surveys showed more voters were willing to vote to leave the EU ...

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Brexit pollsters feel the pressure with guaranteed uncertainty

  Bloomberg Days before a referendum that seemed to be in the bag for David Cameron, a YouGov Plc poll suddenly showed the “Leave” side ahead. The pound plunged, the prime minister panicked — then Scotland voted to stay in the U.K. by a 10-point margin. Two years on, and British voters are preparing to decide whether to leave the ...

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Rothschild & Co. to buy Martin Maurel, eyes French expansion

  Bloomberg Rothschild & Co., part of the banking dynasty focused on advising on mergers, is buying Compagnie Financiere Martin Maurel to expand its wealth-management and lending operations for French families and entrepreneurs. The boards of both companies support the deal, which needs approval from shareholders and regulators, according to a joint statement on Monday. Marseille-based Martin Maurel has received ...

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Carry trade blocked by Iceland in bid to avoid crisis replay

  Bloomberg Iceland erected new defenses to block fast money from chasing western Europe’s highest interest rates as the nation prepares to dismantle the last remnants of capital controls that have existed since 2008. Over the weekend, the small north Atlantic island set reserve requirements for new offshore investors forcing them to keep a substantial part of their holdings in ...

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