May, 2016

• 8 May

  ‘How to rocket’ to enter UAE SMEs

  

    Emirates Business HOW TO ROCKET —an exciting new event connecting small business owners to key service providers — will be launched in the Emirates on Tuesday. Focusing on showcasing outstanding quality companies that offers their business related services and products to micro- and small- businesses, the event will feature quality brands showcasing their services, engaging presentations and seminars, hands-on ...

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• 8 May

  Amanat Holdings posts AED 9.5mn net profit

  Emirates Business Amanat Holdings PJSC (“Amanat”), the region’s largest integrated healthcare and education company, announced a net profit of AED 9.5 million for the first quarter of 2016, compared to AED 1.5 million reported for Q1 2015. Amanat’s total revenue for the three months was AED 16.6 million, more than double that for the corresponding 2015 period, comprising AED 15.5 ...

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• 8 May

  ENOC bags accolades at CIPS Supply Management Awards

  

    Emirates Business The Emirates National Oil Company (ENOC) has received three prestigious awards during the annual Chartered Institute of Procurement & Supply (CIPS) Supply Management Awards held at The Address Dubai Marina recently. ENOC was recognised as the “Overall Winner” for 2016 in addition to two team categories called “Best People Development” and “Best Supplier Relationship Management”. The acknowledgement ...

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• 8 May

  Dubai Trade announces 9th cycle of ESEA

  

    Emirates Business Dubai Trade, the premier cross-border trade facilitator, has announced the 9th edition of its annual flagship event, the E-Services Excellence Award (ESEA). The event aims to recognize the best performers in the e-Services adoption on Dubai Trade portal and celebrate the success of digital transformation in trade and logistics activities. Categories for the 9th ESEA will remain ...

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• 8 May

  Crisis in LatAm threatens Nicaragua plans

  

    Managua, Nicaragua / AFP The political and economic crises buffeting Brazil and Venezuela are having a big impact in Nicaragua, where the future of billion-dollar projects have been thrown into uncertainty. Venezuela was to have invested $6.5 billion in a petrochemical plant in the Central American country, while Brazil was set to spend $1.1 billion on a hydroelectric facility. They ...

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• 8 May

  EIG submits bid to wrest Pacific Exploration from catalyst

  

    Bloomberg EIG Global Energy Partners has submitted a new bid for Pacific Exploration & Production Corp. with $830 million in creditor recovery that the private-equity firm argues is “vastly superior” to one selected last month by the board of the Colombia-based oil producer. The new bid comes ahead of a Tuesday court hearing in Canada on Pacific’s restructuring plan. ...

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• 8 May

  Petition of 1.5 mn counted for Maduro’s removal

  

    Caracas, Venezuela / AFP Venezuela’s opposition forces said electoral authorities have tallied 1.5 million signatures seeking to force President Nicolas Maduro from power with a recall referendum. Oil-dependent Venezuela has descended ever deeper into economic turmoil as global crude prices have collapsed, triggering food shortages, rampant inflation and now an electricity crisis. The center-right opposition, which won control of the ...

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• 8 May

  Currencies offer clues as USA poll nears

  

    Bloomberg Look to the currency market for an early reading on the U.S. presidential election. Six-month options-based measures of exchange-rate volatility now include the Nov. 8 vote, offering traders a way to express views on the outcome, or to hedge against price swings. While neither major political party has formally chosen candidates, Donald Trump is the presumptive nominee for ...

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• 8 May

  Hope for change as ‘divided Lebanon’ goes to polls in 6 yrs

    Beirut / AFP Lebanese headed to the polls for the first time in six years on Sunday for municipal elections including in Beirut, where a new grassroots campaign is taking on entrenched parties. It is the first election of any kind in Lebanon since the last municipal polls in 2010, in a country that has not had a president ...

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• 8 May

  Landslide buries 33 builders in southeast China

    BEIJING / AP Rescuers on Sunday searched for 33 construction workers missing in a landslide at the site of a hydropower project following days of heavy rain in southern China. Eight other workers were pulled out alive, officials and state-run media reported. Rocks and mud with a volume of 100,000 cubic meters (3.5 million cubic feet) buried an office ...

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