finance & economy

December 15, 2018

The Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) officially announced the accreditation of the American University of Ras Al Khaimah (AURAK) at its 2018 Annual Meeting which was held in New Orleans, Louisiana, in the United States of America.

SACSCOC, the regional body for the accreditation of degree-granting higher education institutions in the Southern United States, has a membership of more than 800 institutions in the Southern states and other international sites approved by SACSCOC that award associate, baccalaureate, master’s, and/or doctoral degrees. SACSCOC also awards accreditation to other international"...

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December 14, 2018

(AETOS Wire)-- Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement, announces an alliance with TerraPay to enable mobile wallet and bank account payout. The alliance further expands upon Western Union’s account payout network for sending remittances directly into customers’ mobile wallets across Europe, Africa, Asia and Latin America. TerraPay’s low value payments network connects financial instruments internationally. The company’s interoperability engine enables customers to send and receive transactions across diverse payment instruments and platforms – enabling mobile wallets in international, regional and domestic markets. “Joining with TerraPay is a great opportunity to further diversify and expand our payment options across the globe, delivering remittances into mobile wallets,” said Sobia Rahman, global head of account payout network for Western Union. “Extending our network to TerraPay’s users will provide a convenient and automated channel that customers are looking for.” “We are excited about this new alliance with Western Union. Uniting our strengths will play a pivotal role in......

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December 14, 2018

(AETOS Wire)-- Regulatory News:

Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the “Offer”), the publication of the Offer Document, and the joint press release of Thales and Gemalto dated 10 August 2018 in relation to the further extension of the Acceptance Period. Terms not defined in this press release will have the meaning as set forth in the Offer Document.

Thales"...

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December 13, 2018

Dubai Duty Free has announced plans for its annual anniversary promotion for 72 hours with a 25 percent pre-Christmas sale.

In what has become an annual shopping spree celebration, the airport retailer will offer the discount on a wide range of products over three days from December 18-20 to mark its 35th anniversary celebration.

Last year, the company saw sales cross $54 million over the three days, surpassing the $51.74 million mark it reached during the same period in 2014.

The 25 percent"...

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December 13, 2018

(WAM) -- Dr. Matar Al Neyadi, Under-Secretary of the Ministry of Energy and Industry in the government of the UAE, opened the three-day 22nd Middle East Iron and Steel Conference in Dubai yesterday by discussing ongoing regional and international trends, and how the iron and steel sectors of the GCC could work toward mitigating risks inherent in a turbulent international market, and seize new opportunities available to them.

Dr. Al Neyadi addressed the conference alongside Abdulaziz Alrasheed, Deputy Minister for Economic Affairs in the Ministry of Economy and Planning for the Government of the Kingdom of Saudi Arabia. Addressing the conference,"...

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December 13, 2018

As the e-commerce market gains momentum regionally and globally, the UAE is making strides and the Emirates is rated the most advanced country for online shopping in the Mena and is ranked fourth among the top 10 developing economies, according to the United Nations Conference on Trade and Development's (Unctad) B2C E-Commerce Index 2018.

The UAE does well in Internet usage and accounts, with room to improve for secure servers and postal reliability in order to emerge as a top-ranked nation in B2C e-commerce readiness, the Unctad's latest report on e-commerce said.

The"...

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December 13, 2018

(AETOS Wire) -- The Poseidon Foundation (“Poseidon”) is proud to announce its partnership with Redstone – the investment and strategy firm behind the Athens Alive regeneration project. Redstone and Athens Alive will integrate Poseidon's reduce platform into all phases of their €1.7 billion regeneration project, which will restore and expand the 2004 Calatrava-designed Olympic Athletic Center of Athens (O.A.K.A.). reduce leverages blockchain and AI technologies to empower consumers to effortlessly rebalance their carbon footprints in real time, at point of sale, by making micro-donations to forest conservation. reduce can also integrate into government and corporate structures, and its use in Athens Alive signals the world’s first city quarter development to transparently address the climate impact of its entire lifecycle. As an urban revitalization effort, Athens Alive will bring a new sports, entertainment and leisure hub to the 250-acre site in the city's Northern Business District. Previously the home of the Athens 2004 Olympic Games, the project will put sustainability at the heart of the renewal, providing green offices, hotels, sports and leisure facilities as well as an incubator hub to support the growing Greek start-up scene. In addition to rebalancing the climate impact of the site's construction, reduce will also be available to the site's future tenants. This will......

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December 13, 2018

(AETOS Wire) -- AISYS GLOBAL PTE. LTD. announced that it has received investment from CoinBene, one of the world’s leading crypto assets exchanges. AISYS GLOBAL is building the AIDUS Decentralized Fund Platform (ADFP), where users can subscribe to funds only via AIDUS coin. ADFP is the platform to connect investors and asset management companies with AIDUS coin without barriers of borders, language, currency. The most important part of the ADFP is the Smart QTS (Quant Trading System), which boasts an annual average return of 100% (as of December 1, 2018). Smart QTS is an automated trading program that has been validated through more than 15 years of development and over four years of operational performance. The weekly returns are confirmed by law firms and accounting firms. With the current rate of return, the value of AIDUS coin is expected to rise steadily. CoinBene and AISYS GLOBAL signed a MOU for collaborating as a listed and trading currency onsite in AIDUS Meetup in Hong Kong on November 9, 2018. Following up, CoinBene has decided to invest in AIDUS coin. AIDUS coin’s IEO is scheduled from December 14, 2018 to December 31, 2018 through CoinBene. The differences between......

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December 12, 2018

Goldilocks Investment Company Limited on Tuesday announced that it has acquired an 18.32 percent stake in Gulf Navigation Holding.

This includes 4.68 percent held through a share finance facility, Goldilocks said, adding that it will be actively collaborating with the management and the board of Gulf Navigation to drive an 'enhanced business performance'.

Goldilocks, an indirect subsidiary of Abu Dhabi Financial Group (ADFG), will also support nomination of new members to the board, it said in a statement without giving a value for the transaction.

Gulf"...

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December 12, 2018

(AETOS Wire)-- The Brightline Initiative announced today that NetEase (网易) joined its coalition as first founding member from the Asia region to help address the growing challenges of strategy implementation leveraging on insight and learnings from Chinese technology companies.

Launched in early 2017, the Brightline™ Initiative is a coalition, led by the Project Management Institute together with leading global organizations, dedicated to helping executives bridge the expensive and unproductive gap between strategy design and delivery. Brightline"...

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