March, 2016

• 27 March

  Opponents step up drive to oust Malaysia PM

  Kuala Lumpur / AFP Leaders from across Malaysia’s political spectrum said on Sunday they plan to present a petition to the country’s Islamic royalty seeking the removal of scandal-plagued Prime Minister Najib Razak over a corruption crisis. The highly unusual grouping of heavyweights from the ruling party, the opposition and civil society groups was formed in early March, when it ...

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• 27 March

  ADX issues cash dividends to UNB

  

  Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX) announced on Sunday that it has distributed the first cash dividends on behalf of one of its listed companies through distributing the dividends of the shareholders of the Union National Bank (UNB) on bank’s behalf. Thus, the Union National Bank became the first listed company in the United Arab Emirates ...

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• 27 March

  AUH receives 1.86mn passengers in February

  

  Abu Dhabi / WAM Abu Dhabi Airports reported an 8.7% increase in passenger traffic at Abu Dhabi International Airport (AUH), for February 2016, compared to the same month last year. A total of 1,863,942 people traveled through AUH last month, exceeding February 2015’s figure of 1,715,540. “We continue to see year on year growth in passenger numbers traveling through Abu ...

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• 27 March

  ADM hands over houses to Emiratis in Abu Dhabi

  Abu Dhabi / WAM Abu Dhabi Municipality (ADM) on Sunday handed over around 60 percent of a batch of communal houses, recently ordered by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for nationals. Last week, HH Sheikh Mohamed ordered the handing over of 1,463 houses ...

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• 27 March

  ADIB advises Oldendorff in sale of Eships

  

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB), a leading financial services group, has acted as the exclusive sell side advisor to Egon Oldendorff GmbH & Co. KG, part of the Oldendorff Group, the bank announced. Oldendorff is one of the world’s largest dry-bulk operators, ADIB acted on the full sale of its subsidiary Emirates Ship Investment Company LLC. ...

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• 27 March

  DEWA discusses trade, economic relations with US delegation

  

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), received Arun Kumar, Assistant Secretary of Commerce for Global Markets and Director-General of the US and Foreign Commercial Service, and Vinay Vijay Singh, Senior Advisor for Global Markets, at his office to discuss trade and economic relations. The meeting is one of a ...

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• 27 March

  Al Hamra Real Estate seals deal with ADCB for RAK projects

  

  Dubai / Emirates Business Al Hamra Real Estate Development (AHRED), the leading and largest developer in Ras Al Khaimah, has unveiled details of a new partnership with Abu Dhabi Commercial Bank (ADCB), a first for the property developer, to provide mortgage facilities for its expanding portfolio of projects. The newly inked agreement will see ADCB offer mortgage provision for the ...

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• 27 March

  Puerto Rico’s Cong rep hopes to amend debt crisis bill

  

  San Juan / AP Puerto Rican Gov. Alejandro Garcia Padilla warned late on Saturday that he would challenge in federal courts and before the “community of nations” any law that he said would nullify the U.S. territory’s Constitution by concentrating government power in a body not elected by the people. Garcia Padilla was reacting to a draft of a U.S. ...

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• 27 March

  USA seeks records of 80,000 Novartis ‘sham’ events for doctors

  

  Bloomberg The U.S. is asking Novartis AG to provide records of about 80,000 “sham” events in which the government says doctors were wined and dined so they would prescribe the company’s cardiovascular drugs to their patients. The Swiss drugmaker and the Manhattan U.S. Attorney are engaged in a whistle-blower lawsuit that alleges Novartis provided illegal kickbacks to health-care providers through ...

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• 27 March

  California agrees for $15-an-hour minimum wage

  

  Sacramento / AP California legislators and labour unions have reached a tentative agreement that will take the state’s minimum wage from $10 to $15 an hour, a move that would make for the largest statewide minimum in the nation by far. “This is not a done deal,” Sen. Mark Leno, a Democrat from San Francisco, said. “Everyone’s been operating in ...

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