March, 2016

• 13 March

  Dubai stocks advance most in Mideast as ECB spurs ‘appetite’

  Bloomberg Dubai stocks advanced the most among Middle Eastern equities as the European Central Bank’s monetary stimulus boosted demand for emerging-market assets, adding fuel to bullish sentiment in the emirate. The DFM General Index climbed 1.4 percent to 3,401.03, extending four weeks of gains, the longest streak since April. Emirates NBD PJSC, the emirate’s biggest lender, added 4.6 percent to ...

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• 13 March

  Etihad Cargo rakes in US$1bn revenues annually

  

  ABU DHABI / WAM Etihad Airways’ President and Chief Executive Officer, James Hogan, rendered the opening address to more than 1,200 delegates attending the World Cargo Alliance, WCA, Conference taking place at the Abu Dhabi National Exhibition Centre from March 10-13. Mr Hogan spoke about changes in the global cargo industry and how the Etihad Airways Partner alliance increases the ...

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• 13 March

  RTA awards AED611mn ‘road project’ contract

  

  DUBAI / WAM The Road and Transport Authority (RTA) has awarded a contract for constructing Sheikh Rashid Rd – Sheikh Khalifa bin Zayed Rd Interchange Project costing AED611 million which is set for completion during the last quarter of 2017. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, said, “The Sheikh Rashid Rd. ...

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• 13 March

  UAE-Morocco trade reaches US$526mn

  DUBAI / WAM The bilateral trade relations between the UAE and the Kingdom of Morocco are witnessing remarkable development, according to a report released by the Ministry of Economy. The Foreign Trade Policy Department at the ministry released its report in the light of the Trade Policy Review of Morocco report, issued by the World Trade Organisation (WTO). The ministry’s ...

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• 13 March

  EIPS audits ensure energy efficiency

  DUBAI / WAM Emirates International Property Services(EIPS), a Bloom Holding subsidiary offering a full range of property and integrated facility management services, has conducted walk-through audits for 22 of its properties across the UAE following a comprehensive evaluation of its energy use by Energy Management Services – Emirates (EMS), a leading energy solution provider. The audit validates the reliability of ...

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• 13 March

  UAE-UK Pioneers Forum

  LONDON / WAM The UAE Embassy in London hosted the third edition of the UAE-UK Pioneers Forum on March 11-12 at the Park Plaza Hotel Westminster Bridge. The Embassy initiative brought together the most prominent Emirati government entities, companies, and UK companies that are seeking to employ bright and ambitious young Emiratis.

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• 13 March

  Dubai Chamber signs MoU

  DUBAI / WAM The Dubai Chamber of Commerce and Industry signed a Memorandum of Understanding (MoU) with The Netherlands Chamber of Commerce and Rotterdam Partners Foundation to enhance mutual cooperation and bilateral trade ties, as well as to stimulate innovative economic partnerships between the business communities of the two countries.

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• 13 March

  Cooling regulation reviewed

  DUBAI / AFP HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy chaired the 39th meeting of the council at its headquarters. Saeed Mohammed Al Tayer, Vice Chairman of the Supreme Council of Energy, attended the meeting.

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• 13 March

  Al Tayer receives Korea official

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) received Nam Duk Heo, South Korean Consul-General in Dubai, as part of an introductory meeting on the occasion of the Consul assuming his new position. Al Tayer welcomed the South Korean Consul-General, wishing him success in his new diplomatic mission, and talked about ...

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• 13 March

  VP sets new standards for LinkedIn influencers

  

  DUBAI / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has set a new bar for community engagement through interesting and relevant content on LinkedIn’s Influencer publishing platform. According to LinkedIn data, his recent Influencer post, in the form of an open letter and titled “Why Ministers for Happiness, Tolerance, ...

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