Friday 22 August 2014

0

CLOSURE OF ACCOUNTS
StanChart vows to work with UAE cbank after warning

Standard Chartered on Thursday said it would work with regulators after the UAE central bank warned it could face legal action after agreeing to close some customers' UAE accounts in an anti-money laundering settlement.

more…

1

MORTGAGE PROBES
Bank of America agrees $16.65bn settlement

Bank of America Corp has reached a $16.65 billion settlement with US regulators to settle charges that it misled investors into buying troubled mortgage-backed securities.

more…

2

BAD INVESTMENTS
Khorafis win Dubai judgement vs Bank Sarasin

A court in Dubai's financial centre ruled in favour of Kuwait's prominent Khorafi family on Thursday in a suit against Switzerland's Bank Sarasin over $200 million of investments that went bad.

more…

3

TECHNOLOGY
ABB unveils new cable that doubles power flow

Swiss engineering group ABB has developed technology that can double the power flow of underground cables, making it cheaper to integrate electricity into the grid from distant offshore wind farms.

more…

4

SPOTLIGHT
US spending millions in Iraq to destroy its own arms

The Islamic State has captured an enormous amount of US weaponry, originally intended for the rebuild of Iraqi Army. Now, US is spending huge amounts of money destroying these weapons.

more…

5

IMAGE OF THE DAY
Stepping it up

Thailand's newly appointed Prime Minister Prayuth Chan-ocha (front) reviews honour guards during his visit to an infantry battalion on the outskirts of Bangkok on August 21.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

‘Akoya Oxygen’ units sold out within a day: Damac

Damac Properties has announced that the first release of houses at its green master development ‘Akoya Oxygen’ was sold out yesterday in record time.

More…
Energy, Oil & Gas
Finance & Capital Market

Saudi proposes 10pc foreign ownership cap for bourse

Saudi Arabia's stock market regulator proposed rules on Thursday for opening the $580 billion market to direct investment by foreign institutions, including a 10 per cent cap on foreign ownership of the market's value.

More…
Analysis, Interviews, Opinions

ABB unveils new cable that doubles power flow

Swiss engineering group ABB has developed technology that can double the power flow of underground cables, making it cheaper to integrate electricity into the grid from distant offshore wind farms.

More…
Industry, Logistics & Shipping
Travel, Tourism & Hospitality
Government & Laws

Saudi sentences 18 to jail for militant offences

A Saudi Arabian court has sentenced 18 men to prison terms of 10 months to 25 years for their part in a series of militant attacks against government and foreign targets between 2003-06, state media reported late on Wednesday.

More…
Motoring

Ford plans new hybrid to compete with Toyota

Ford Motor plans to introduce a new hybrid gasoline-electric car to compete against the best-selling Toyota Prius, according to two sources with knowledge of the company's plans.

More…
Media & Promotion

MBC eyes European football leagues coverage rights

Dubai-based MBC Group is eyeing rights to cover European football leagues as part part of its most recent expansion which included the launch of four sports channels.

More…
Education, HR & Training

Employers step up workers’ wellness investment

Seventy-eight percent of the world’s employers are strongly committed to creating a workplace culture of health, to boost individual engagement and organisational performance, according to a new study.

More…
Miscellaneous
Exchange rates table is provided by DailyForex.com - Forex Reviews and News

Live commodities widget is provided by DailyForex.com - Forex Reviews and News

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com