January, 2020

• 19 January

  Emirates NBD, DLD partner for trust account services

  

  DUBAI / emirates business Emirates NBD, a leading banking group in the region, signed an agreement with Dubai Land Department’s (DLD’s) Real Estate Regulatory Agency (RERA), to become an escrow agent to provide banking services for jointly owned properties accounts in accordance with the recently issued law no. (6) of 2019 for jointly managed properties. Emirates NBD is the first ...

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• 19 January

  ‘Rain enhancement forum’ kicks off in Abu Dhabi

  

  ABU DHABI / WAM The 4th International Rain Enhancement Forum (IREF), organised by the UAE Research Programme for Rain Enhancement Science (UAEREP), under the supervision of National Center of Meteorology (NCM), opened on Sunday at Jumeirah Etihad Towers in Abu Dhabi. Running untill January 21, IREF serves as a global platform to bring together leading international and national experts, researchers, ...

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• 19 January

  Exhibition exploring art in the internet age to open this March

  

  SHARJAH / WAM The Sharjah Art Foundation, SAF, announced on Sunday that this March it is set to present “the most ambitious exhibition in the Middle East to date” that explores art in the age of the internet. Curated by newly appointed SAF Director of Collections and Senior Curator Omar Kholeif, who also served as co-curator of Sharjah Biennial 14, ...

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• 19 January

  Etihad to promote Japan to Mideast travellers

  

  DUBAI / WAM Etihad Airways and the Japan National Tourism Organisation (JNTO) have announced a joint consumer campaign to promote Japan as a destination of choice for Middle Eastern travellers. The campaign which was expected to commence from January 19 with the aim to further increase tourism demand from the Middle East to Japan. In March 2019, JNTO and the ...

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• 19 January

  IMI acquires Al Ain News portal in latest expansion

  

  ABU DHABI / WAM International Media Investments (IMI) has acquired ownership of Al Ain News portal website, as part of the company’s continuous efforts to expand and diversify its content for global audiences. Al Ain News, which has 1.3 million Facebook fans, more than 620,000 Instagram followers and 320,000 followers on Twitter, is available in several languages across audio, visual ...

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• 19 January

  UAE grants $20m to Arab Gulf Programme for Development

  

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, on Sunday signed an agreement detailing the UAE’s capital contribution of US$20 million (AED73 million) to the Arab Gulf Programme for Development, (AGFUND). As one of the founding countries of AGFUND, the UAE has supported the programme’s objectives, goals and activities since ...

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• 19 January

  Dewa, PAS to launch first of its kind energy, utilities standard

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa), in cooperation with the British Standards Institute (BSI), will soon launch the PAS 60518:2020 standard for risk management in the energy and utilities sector, a first of its kind in the world. Dewa approved the number 60518 for the new standard in reference to the birthdate – May, 6 1918 – ...

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• 19 January

  US firms could secure job of cleaning up China’s bad debt

  

  Bloomberg One surprising part of the trade deal struck between US president Donald Trump and Beijing is that US investors won a direct shot at the potentially lucrative job of helping China clean up its heap of bad debt. China is embracing foreign capital as it grapples with a tide of soured debt. Some estimate it to have topped $1 ...

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• 19 January

  Franklin cuts Vodafone Idea’s debt exposure to zero on court snub

  

  Bloomberg Franklin Templeton Asset Management (India) Pvt marked down its debt exposure to Vodafone Group Plc’s India venture to zero, concerned by the operator having to pay $4 billion in back-fees as early as next week. The carrier’s shares suffered a record plunge. The payment deadline has led to “significant uncertainty with respect to our exposure” to the carrier, the ...

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• 19 January

  Facebook apologises for mistranslating Xi’s name

  Bloomberg Facebook Inc apologised for mistranslating Chinese President Xi Jinping’s name from Burmese to a vulgar word in English in some posts, the New York Times reported. The mistranslation should not have occurred and “we are taking steps to ensure it doesn’t happen again,” the newspaper cited the social media company as saying. The error caught management’s attention when Aung ...

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