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Bloomberg Asian emerging market currencies have been having their best year since before the 2013 taper tantrum, bolstered by pace-setting growth rates and attractive yields. But the Philippine peso has been left out of the party—ironically after it held up better than peers including Indonesia’s rupiah back in 2013. Unless things change, it’ll be a fifth straight year of declines ...

DUBAI / WAM The Zayed Giving Initiative (ZGI), has launched a programme to mark World Humanitarian Day, which was on August 19, to promote the culture of volunteer work and humanitarian giving among the youth of various nationalities. Dr Adel Al Shameri, CEO of ZGI, said the new initiative will feature a package of charitable projects that will be implemented ...

Dubai / Emirates Business DLD has strengthened partnerships with government entities as part of ongoing efforts to integrate Dubai’s various institutions, improve government performance, achieve highest standards of excellence, ensure customer satisfaction. Hamdan Hamad Al-Madhani, Director of Rental Relationship Regulation Department at DLD, said: “To achieve the desired level of integration, a workshop was organised where representatives from any DLD ...

FUJAIRAH / WAM The newly established Fujairah Terminals, under the management of Abu Dhabi Ports, welcomed its first container feeder vessel, the Dubai Alliance. This is the first ship to arrive at the terminal, which is wholly owned by Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, Fujairah ...

ABU DHABI / WAM Abu Dhabi City Municipality (ADM) has carried out a comprehensive campaign at old and new Al Falah as well as surrounding areas in collaboration with strategic partners. The campaign aimed to verify that stipulations set for protecting the appearance of the city are implemented, and removal of all distorting elements is carried out. The campaign focused ...

DUBAI / Emirates Business The GCC projects market had a muted performance in the first half of 2017, but is expected to perform better in the second six months of the year as the region’s economies continue to adjust to lower oil prices. According to the latest data from MEED Projects, the region’s leading projects tracking and analysis service, $56bn ...

DUBAI / Emirates Business Intralogistics managers at next month’s Materials Handling Middle East exhibition in Dubai will learn how they can optimise the flow of goods in an automated warehouse using virtual reality 3D technology. Armed with HTC Vive Goggles, supply chain heads will experience how different technologies in fully automated warehouses such as robotics and Industry 4.0 can work ...

Abu Dhabi / Emirates Business Abu Dhabi University’s (ADU) new Dubai Campus, which is set to welcome students with the start of the new academic year, engaged in developing several strategic initiatives with leading organisations and industry leaders across diverse sectors in the UAE. In commemoration of the World Photography Day, and in line with the University’s strategy to encourage ...

MUSCAT / WAM Abu Dhabi’s renewable energy company (Masdar) signed an Engineering, Procurement and Construction (EPC) contract with a global consortium comprising GE and Spain’s TSK to build the Dhofar Wind Power Project, the first large-scale wind farm in Oman and the GCC. The Dhofar Wind Power Project is a result of the joint development agreement that was established in ...

ABU DHABI / WAM Spanning crucial sectors, such as agriculture, housing, energy, transport, industry and health as well as social services, to date, the Abu Dhabi Fund for Development (ADFD) has allocated AED1.2 billion in Abu Dhabi government grants and concessionary loans to 18 development projects in Afghanistan. According to an ADFD country report marking Afghanistan’s Independence Day on August ...