December, 2019

• 30 December

  ‘Elevate’ to accelerate women empowerment and gender equity

  

  Sharjah / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of Nama Women Advancement Establishment (Nama), and wife of the Ruler of Sharjah, has taken forward the global call to action for gender equity and women’s economic empowerment with the launch of ‘Elevate’, a pioneering platform to support women in low and medium-income nations in Asia, Africa, South America, ...

  Read More »
• 30 December

  Emirates NBD boosts AED1bn digital shift with new milestone

  

  Dubai / Emirates Business Emirates NBD, a leading banking group in the region, has completed the third phase of its international core banking system upgrade, as it forges ahead with its ongoing digital transformation efforts to boost innovation and efficiency across its domestic and international operations. Leveraging advanced Finacle technology, the third phase of the project sees the rollout of ...

  Read More »
• 30 December

  Oil holds near three-month high as US stockpiles shrink

  

  Bloomberg Oil rose for a fifth session, the longest run of gains since July, as a bigger-than-forecast decline in US crude stockpiles eased oversupply concerns. Futures climbed 0.6% in New York after closing at the highest level in three months. American crude supplies fell by 5.47 million barrels in the week ended December 20, more than three times the median ...

  Read More »
• 30 December

  US trade deficit in goods declines to 3-year low

  

  Bloomberg The US merchandise-trade deficit unexpectedly narrowed for a third month in November to the smallest shortfall in three years as exports increased and imports declined, the latest sign that economic growth is holding up at the end of the year. The gap decreased to $63.2 billion from $66.8 billion the prior month, according to Commerce Department data released on ...

  Read More »
• 30 December

  GCC bond issuances surge to record $100 billion this year

  

  Bloomberg Gulf borrowers raised more than $100 billion in bond placements this year, a record amount that marked a shift from the more private funding route offered by loans. Saudi Aramco was the biggest issuer, while Egypt, Oman and Saudi Arabia also tapped international bond markets. Syndicated loans dropped 39% this year as sovereigns and companies sold notes in dollars ...

  Read More »
• 30 December

  Hinduja group prepares bid for India’s Jet Air

  

  Bloomberg The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd., according to people familiar with the matter. The UK-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the January 15 deadline, signaling its intent to make a formal offer. Hinduja is seeking a partner to ...

  Read More »
• 30 December

  Dubai intensified consumer protection campaigns

  

  DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP), sector of Dubai Economy intensified monitoring commercial outlets in the emirate, particularly those announcing promotional offers and discounts as part of the Dubai Shopping Festival and New Year season, to protect the interests of all consumers. The CCCP aims to do this by ensuring transparency and authenticity of the promotions ...

  Read More »
• 30 December

  Yas Island Abu Dhabi wins 32 new awards

  Abu Dhabi / WAM Yas Island Abu Dhabi has closed off 2019 with resounding success, sweeping up 32 awards and accolades for its attractions, infrastructure projects and developments. Mohamed Khalifa Al Mubarak, Chairman of Miral, said, “As we come to the end of another successful year, we are both proud and humbled to be recognised for excellence around the world. ...

  Read More »
• 30 December

  Online registration for ‘Umex, SimTEX 2020’ exhibitions opened

  

  ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (Adnec), announced the opening of online registration for exhibitors, media professionals and visitors to participate in the fourth edition of the Unmanned Systems Exhibition and Conference (Umex), and Simulation and Training Exhibition and Conference (SimTEX), and the accompanying conference. The Higher Organising Committee of Umex and SimTEX exhibitions indicated that ...

  Read More »
• 30 December

  Mohamed bin Zayed School construction complete: Musanada

  

  ABU DHABI / WAM The Abu Dhabi General Services Company, Musanada, has announced the completion of construction works on the Mohamed bin Zayed School. Construction costs of the all-boys school reached AED170 million, Musanada revealed, adding that the project was undertaken as part of the Abu Dhabi Future Schools Programme (ADFSP). The handover process to the Abu Dhabi Department of ...

  Read More »