Brexit fears spurring traders to buy volatility, trim stocks

  Bloomberg The pound tumbled and currency volatility surged on Monday after two polls showed more Britons favor a vote to leave the European Union at a June 23 referendum than those who want to stay. That prompted a money manager 10,500 miles away in Sydney to buy stock-market protection, while a brokerage in Bangkok is advising clients to trim ...

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Megacaps are now S&P 500’s curse as smart beta gets payback

  Bloomberg The world is turning upside-down for U.S. equities, with the biggest gains coming from a strategy that has done little of late but deliver losses to investors and taking over market leadership from large technology stocks. With companies from Microsoft Corp. to Apple Inc. floundering, baskets of stocks that are free of capitalization biases — known among traders ...

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The man behind the scene!

  RITIKA SHARMA / Emirates Business Le Meridian Al Aqah Beach resort is a well-kept secret in the heart of Fujairah emirates. Over the years, it has evolved as one of the most sought-after destinations among business as well as leisure tourists, who are looking forward to something really exotic situated right in the lap of towering Hajjar ranges. Man ...

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Technology symbolising independence

  Our Correspondent EMIRATES BUSINESS HTC Corporation aims to bring brilliance to life. As a global innovator in smart mobile devices and technology, HTC has produced award-winning products and industry firsts since its inception in 1997, including the critically acclaimed HTC One and HTC Desire lines of smartphones. The pursuit of brilliance is at the heart of everything, inspiring best-in-class ...

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Ramadan favourite time for Mideast professionals

  Dubai / Emirates Business It’s no secret that Ramadan can bring out the best in people. Dedicated to reflection, restraint, generosity and unity, the holy month draws families and friends together to share and reflect—and for professionals in the Middle East and North Africa region (MENA), the spirit of Ramadan carries from home to the workplace. According to the ...

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Emirates Islamic’s ‘EI trade’ receives international award

  Dubai / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, was recognised among Global Finance’s 2016 ‘The Innovators’ of Islamic Finance for EI trade, the world’s first of its kind Shari’a-compliant online Trade Finance and Supply Chain platform. EI trade was launched in November 2015 to offer the bank’s corporate and business customers ...

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UAE a global trade hub: Al Mansouri

  ABU DHABI / Emirates Business The World Trade Organization (WTO) commended the important role played by the UAE in global trade and its commitment to the principles of the multilateral trading system, as well as the adoption of economic policies for promoting efficient trade movement locally, regionally and internationally which have made the country an important global trade hub. ...

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Gargash Enterprises launches ‘She’s Mercedes’ hub

  DUBAI / Emirates Business Artistic, inspiring and impressively modern, the first-ever ‘She’s Mercedes’ event in the region was hosted by Gargash Enterprises at the Leila Heller Gallery recently, devoted to encourage, connect and empower local women to unleash their best. Bringing together various communities of professionals, She’s Mercedes celebrates exceptional personalities who share exclusive insights and pioneer pushing the ...

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Etihad hires three UAE nationals

  ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, appointed UAE nationals as Airport Managers in South Korea, Seychelles, and Saudi Arabia. This brings to eight the number of Etihad Airways’ Emirati Airport Managers across the world. Fatima Al Hashemi has been appointed Airport Manager for Incheon, South Korea (ICN). Yousuf Mohammed has been ...

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Senior management need of hour to fight cybercrime

  OUR CORRESPONDENT / Emirates Business Cyber threats have emerged as one of the main maladies that UAE’s enterprises are facing at this moment. Not only IT companies but also conventional industries like retail, logistics and even manufacturing are bearing the brunt of cyber threats. In one of its recent cyber security poll, DarkMatter, a leading IT-giant of the region, ...

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