DUBAI / WAM Union Coop, the largest Consumer Cooperative in the UAE, revealed that it expects AED30 million sales in 2019, with more than 60,000 Stock Keeping Units, SKUs, from its web store and online partners. The retail pioneer also listed previous year online sales as AED15.8 million from the web store and online partners, while expecting to outdo themselves ...

RIYADH / WAM A workshop for the coordinators of the Saudi-Emirati Coordination Council took place in Riyadh, with the attendance of over 70 representatives of government authorities from the UAE and Saudi Arabia. The workshop aims to monitor the progress of the council’s projects and initiatives and prepare for the next meeting of the council’s executive committee, which will again ...

Abu Dhabi / WAM The UAE Banks Federation (UBF), represented by its Compliance Committee, hosted a seminar in association with CCL Academy, on the Financial Action Task Force (FATF). The session was titled, ‘Implications of the upcoming FATF, Mutual Evaluation and Recent Industry Developments’. The FATF is an inter-governmental body established by the G7 Summit. Its objectives are to contribute ...

Abu Dhabi / WAM A new platform to support high tech startups has launched in Abu Dhabi. The AED520 million ($141.5 million) ‘Hub71’ launched on Sunday by His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Chairman of the Executive Committee. His Highness also announced a new AED535 million fund, to ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA), hosted senior executives from Standard Chartered Bank to discuss how financial institutions and regulators can work together to help curb illegal wildlife trade and disrupt the flow of illegal funds arising from this predicate crime. David Fein, Group General Counsel at Standard Chartered and Vice-Chair of the Financial Taskforce of the ...

Abu Dhabi / WAM The new Qasr Al Watan Library, located inside Qasr Al Watan Palace in the Presidential Palace compound, is now open to the public, marking the addition of a new major attraction to Abu Dhabi’s cultural and tourism assets. Inaugurated on March 11, Qasr Al Watan Library is distinguished by its exceptional location in the centre of ...

Dhaka / WAM Refugee camps in Bangladesh will see several support services underway to help improve Rohingya living conditions. The Emirates Red Crescent (ERC), announced on Sunday that it began relief operations to improve sanitation and access to potable water, as well as adequate medical care. An ERC delegation led by Dr. Mohammed Ateeq Al Falahi, Secretary-General of the ERC, ...

Abu Dhabi / WAM Major developers out to lure Abu Dhabi’s property and asset investors maintain ready-made quality infrastructure and attractive payment plans are now key to closing land and villa sales with the UAE capital’s increasingly shrewd buyers. Cityscape Abu Dhabi is set to feature two prominent new-to-market entries to capture sales with strong infrastructure-and-payment pitches. Leading the drive ...

Bloomberg China’s top officials pledged to lower tariffs and expedite debt sales in 2019 as they seek to manage an economic slowdown while tackling the trade standoff with the US. The country will continue to cut import taxes and create a first-rate environment for foreign businesses as it opens up the economy, Vice Premier Han Zheng said at the China ...

Bloomberg Global miners BHP Group and Glencore Plc halted output at energy and metals operations as two cyclones hit Australia for the first time since 2015. BHP stopped output at the Pyrenees oil project off Western Australia as cyclone Veronica tracked towards a hub of liquefied natural gas and iron-ore export operations. Ships left ports and workers fled the region ...