Dubai / WAM Emirates Environment Group (EEG), honoured the winners of the recycling, reforestation and recycling campaign, it carried out for a month involving various members of the community during the summer. The programme was part of the EEG’s efforts to promote the message of World Day to Combat Desertification in collaboration with the United Nations Convention to Combat Desertification. ...
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Al Qasba unveils electric vehicle charging stations in Sharjah
Sharjah / WAM Al Qasba, Sharjah’s premier leisure, tourism and family destination, has unveiled two electric vehicle charging stations as part of the emirate’s green parking initiative, launched recently by the Sharjah Investment and Development Authority, (Shurooq) with the aim of promoting a sustainable ecosystem in Sharjah. The charging stations are also to be used to spread awareness about the ...
Read More »Dubai Customs deploys self-service device for issuing ‘customs card’
Dubai /Â WAM Customers no longer have to stand in line for regular customs card for the ‘means of transport and machinery issuance’ procedure. The process has become a lot easier now, as Dubai Customs has deployed an automated, self-service device to issue the card in Port Rashid Customs Centre. Dubai Customs issued a total of 769,000 customs cards ...
Read More »Peruvian gold exports to UAE rise 155% in first half
Abu Dhabi / Emirates Business Peruvian gold exports to the UAE reached US$233 million in the first half of 2016, a 155% increase compared to the same period in 2015. Total gold shipments jumped from 42 kilograms in 2015 to reach more than 7 metric tons in 2016, making the UAE the fourth largest destination for Peru’s gold exports, ...
Read More »All eyes on the ‘Silver State’
Nevada, which calls itself the “Battle Born State,” actually was born prematurely because of Republicans’ anxiety. Now, 152 years later, it again is a subject of their anxiety. Entering 1864, Abraham Lincoln and his party were intensely, and reasonably, in doubt about his re-election. So, scrambling for every electorate vote, Republicans decided to conjure three from thin air — ...
Read More »Oil market hears what it wants, but it’s just chatter
As long as there are eager buyers of bridges, there will be willing sellers. Oil has rallied 8 percent over the past week or so on the pleasingly oxymoronic notion of a rekindled freeze. The big move came on Thursday when Saudi Arabia’s energy minister, Khalid Al-Falih, indicated the OPEC kingpin was open to taking action to stabilize prices. ...
Read More »Anbang leaves another target waiting
China’s Anbang Insurance Group is stretching the definition of time with its planned acquisition of U.S. insurer Fidelity & Guaranty Life. It’s been more than 10 weeks since the Beijing-based company withdrew its approval request with the New York Department of Financial Services for its $1.6 billion acquisition of the life insurer, saying it planned to refile “in the ...
Read More »Innovation key to UAE’s economic diversification
UAE has bettered its global position in innovation. The country ranked first among Arab countries and 41st worldwide in terms of overall performance on 2016 Global Innovation Index, which was announced at the UN headquarters in Geneva. It is up from second in the Arab World and 47th globally in 2015. The Innovation has taken the centre stage as ...
Read More »European stocks hit 2-week low as carmakers fall
Bloomberg European stocks retreated in thin trading, after briefly paring losses, as a stronger euro weighed on exporters. Carmakers were among the biggest losers in industry groups as subdued prospects for a Federal Reserve rate increase this year weakened the dollar, sending the euro higher. Volkswagen AG slipped 1.7 percent after a report the US Department of Justice was ...
Read More »Qatar leads Gulf up, Dubai testing chart barrier
Bloomberg Qatar’s stock market led the Gulf higher early on Tuesday, boosted by a surge in blue chips such as Qatar National Bank (QNB), while Dubai tested technical resistance. The Qatari stock index climbed 2.1 percent as QNB, the country’s biggest bank, jumped 4.4 percent to 165.00 riyals in unusually heavy trade, rising above resistance on last September’s peak ...
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