Media IN Dubai, 26th May, 2019 WAM The late Murshid Al Osaimi was a businessman who lived in UAE but with Kuwait origin. He inspired many Kuwait citizens to invest in Dubai. Therefore, in abid to honour his legacy, the Kuwait Business Council in Dubai, sought it wise to launch …
Read More »DED reveals the number of companies operating in Dubai’s gold sector
Media IN Dubai 26th-05-2019 The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, in its new report, states that 4,086 companies operate in the gold sector in Dubai. The report includes statistics on the number of companies operating in Dubai, the activities of the …
Read More »Mercury capital Advisors Group Announces Strategic Investment by Investcorp
Media IN Manama May 26, 2019, Investcorp, a leading global provider and manager of alternative investment products, today announced it has entered into a definitive agreement to acquire Mercury Capital Advisors (Mercury), one of the world’s leading institutional capital raising and investment advisory enterprises. As part of the transaction, Mercury …
Read More »Oil, gas crucial to Industry 4.0, says ADNOC CEO
Media IN Abu Dhabi 26th May 2019 / WAM Adnoc is absorbing, embedding and applying cutting edge technology at every step of the production process from oil platforms to trading platforms. It is clear that this is an era defined by a transformation, not just of technology, but of opportunity. …
Read More »Abu Dhabi Securities Exchange (ADX) welcomed by London Stock Exchange officials.
Media IN London 26th, May 2019 London stock exchange today welcomed the Abu Dhabi securities exchange and eight of its top listed corporates to an opening ceremony. The blue chip delegation was visiting London to ring the London stock exchange opening bell after meeting leading international investors at a road …
Read More »9 penalties imposed on violators of ‘Marking Tobacco and Tobacco Products Scheme: FTA
Media IN Abu-Dhabi, 25th May, 2019- WAM The Federal Tax Authority,FTA, will begin implementing the Cabinet Decision regarding violations of the “Marking Tobacco and Tobacco Products Scheme”, which calls for applying Digital Tax Stamps on the packaging of said products before supplying them to local markets. The penalties are meant …
Read More »DEWA CEO reviews progress of Innovation Centre solar Park at MBR
Media IN DUBAI, 25th May, 2019 WAM The Managing Director and CEO of Dubai Electricity H.E Seed Mohammed Al Tayer and MD and CEO of Dubai and Water Authority,DEWA, reviewed the progress of DEWA’s innovation centre, which is one of the projects at the Mohammed bin Rashid Al Maktoum solar …
Read More »Central Bank of UAE (CBUAE) discuss crucial financial matters with BOD during a meeting
Media IN Abu-Dhabi, 25th May 2019 WAM The Board reviewed reports on some of the regulations related to Basel III and took appropriate decisions related to Leverage Ratio, Counterparty Credit Risk, Credit Risk, Credit Value Adjustment, Securitisation, Equity Investment in Funds, Market Risk, Operational Risk, Pillar 3, Credit Risk, Pillar …
Read More »Bahrain clear signs co-operation pact with ”BENEFIT”
Media IN Manama, May 25 2019 (BNA): Bahrain Clear (‘BHC’), a fully owned subsidiary of Bahrain Bourse, signed a cooperation agreement with “BENEFIT”, the leading electronic transactions company, under which Bahrain Clear will join the Electronic Fund Transfer System (EFTS). The agreement was signed by Vice Chairman and Managing Director of Bahrain Clear,and BENEFIT’s …
Read More »Dr B.R. Shetty supports Dubai based NewBridge Fintech Solutions
Media IN Dubai 25-May-2019 NewBridge Fintech Solutions, a two year-old Dubai-based financial technology firm has raised an undisclosed amount in pre-Series A funding from BRS Ventures Investment – a holding company owned by billionaire businessman Dr B.R. Shetty. NewBridge Fintech Solutions (NewBridge) is a company that is looking to create …
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