TOP STORIES
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Egypt's bourse tumbles to an 11-month low as investors fret about the possibility that it could eventually be excluded from the MSCI Emerging Market Index used by many international fund managers.
FEATURED
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Officials and investors hailed the MSCI (Morgan Stanley Capital International) decision to elevate the UAE to emerging market status from frontier market and said it would lead to greater international capital flows into the country’s markets. -
It’s curious to hear economists like ex-Goldman Sachs chief Jim O’Neill talking about the bond market having the same feel as in 1994 when the Fed also tightened monetary policy, but it is just not going to happen this time. -
Dubai Business Women Council (DBWC) members recently participated in the latest edition of the NBAD Fursati session, which was organised under the theme “Though Markets Change, Good Investing is Timeless”.
Education, Training & Recruitment
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Qatar Foundation participated in The Economist Group’s Ideas Economy: Informationevent alongside leading global technology experts from organisations such as Intel and Google.
Construction & Real Estate
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Abu Dhabi property firms Aldar Properties PJSC and Sorouh Real Estate said the two companies expect to close their state-backed merger by June 30, pending a ministerial resolution approving the deal.
IT & Telecom
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Samsung Electronics celebrated the launch of the 2013 smart TVs lineup in a series of activities and a roadshow in Taj Mall and City Mall.
Retail & Services
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Abu Dhabi Ports Company and Agthia Group’s Agri Business Division have welcomed the first ever shipment of ‘soya bean meal’ into Abu Dhabi, through Mina Zayed.
Transport & Shipping
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Emirates announced an extended range of Arabic programming on its award-winning ice Digital Widescreen inflight entertainment system from July onwards.
Banking & Finance
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Emirates Islamic Bank announced the launch of a major summer campaign that aims to reward customers by offering them exclusive deals on various Emirates Islamic Bank debit and credit cards.
Economy & Trade
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Department of Municipal Affairs in collaboration with the Blood Bank of the Sheikh Khalifa Medical City organized a blood donation campaign at the DMA building in Abu Dhabi.
Manufacturing & Industry
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The UAE on Wednesday announced a $150 million (Dh733.9 million) aid package to support developing countries’ participation at the Expo 2020, in addition to the $100 million Partnership Fund to support innovative ideas for creating opportunities, mobility and sustainability as part of Dubai’s Expo 2020 bid.
Oil & Energy
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Emirates National Oil Company is celebrating the first event in the three-month long calendar of events with a festive array of prizes for customers during Dubai Summer Surprises to be held until July 7, 2013.
Tourism & Hospitality
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Achala Weerasinghe, Executive Pastry Chef at The Address Downtown Dubai has emerged victorious in the global patisserie circuit, winning the semifinals of the Global Chefs Pastry Challenge.
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