December, 2019

• 8 December

  DP World Sokhna signs deal to facilitate trade, logistics in Egypt

  

  CAIRO / WAM DP World Sokhna has entered into a trilateral partnership with the China State Construction Engineering Corporation (CSCEC), and the China Ocean Shipping Company Ltd (Cosco). The agreement will see DP World Sokhna serve as the hub for all construction material imports needed to build the central business and financial district of Egypt’s New Administrative Capital. As part ...

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• 8 December

  Emirati organisations win human rights’ Chaillot Prize for 2019

  ABU DHABI / WAM Two Emirati organisations have received the 2019 Chaillot Prize for the Promotion of Human Rights in the GCC region. The Dubai Foundation for Women and Children and the Higher Committee for the Special Olympics World Games in Abu Dhabi were announced as the winners of the prize ex-aequo by the Delegation of the European Union to ...

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• 8 December

  Empower: Emiratisation in senior management hit 40%

  Dubai / Emirates Business Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, revealed that it achieved 40% Emiratisation in its senior management, and 33% in its middle management. Empower also highlighted that 15% of company’s 750 employees are Emiratis, out of which 48% are female Emirati employees and 52% are male Emirati employees. This supports ...

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• 8 December

  Air Arabia ‘best low-cost airline’ in Mideast, Africa

  

  Sharjah / Emirates Business Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, won yet another recognition this year, winning the ‘Best Low-Cost Airline’ in Middle East and Africa at the AirlineRatings.com Airline Excellence Awards. Judged by seven editors with over 200 years of industry experience and evaluate against 12 criterial including fleet age, passenger reviews, ...

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• 8 December

  Jebel Ali Port handles 65% of polymer exports from GCC

  

  DUBAI / Emirates Business Global trade enabler DP World’s flagship Jebel Ali Port handles 65 percent of the polymer exports from the GCC region and showcased this industry-leading strength at the 14th Annual GPCA Forum in Dubai, organised by the Gulf Petrochemicals and Chemicals Association. A highlight of DP World, UAE Region’s participation at the 3-day event was the port’s ...

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• 8 December

  RTA inks pact to develop ‘digital plates’

  DUBAI / WAM The Dubai Roads and Transport Authority (RTA), signed a Memorandum of Understanding (MoU), with Reviver Auto Accessories Trading Company — the Regional Office of the American Reviver Auto Company — which will see the development of digital vehicle number plates. The plates are fitted with features such as monitoring traffic congestions, and licensing-related matters as well as road ...

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• 8 December

  Etihad becomes first airline to raise funds tied to UNSDGs

  

  Abu Dhabi / Emirates Business Etihad Airways, the national carrier of the United Arab Emirates, has become the first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations (UNSDGs). Through a partnership with First Abu Dhabi Bank and Abu Dhabi Global Market, the airline will borrow AED 404.2 million ...

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• 8 December

  China clampdown on illegal meat puts $2b trade at risk

  

  Bloomberg China’s crackdown on illegal meat imports has left India, one of the biggest exporters of buffalo meat, scrambling for a new buyer. China has adopted stricter border controls due to African swine fever, meaning Indian buffalo meat exports into China that usually flow through Vietnam has all but stopped. Indian exporters are now hoping Indonesia can more than triple ...

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• 8 December

  India’s Rcom to lose cable unit in setback for revamp efforts

  

  Bloomberg Indian telecom operator Reliance Communications Ltd will lose control of its undersea cable unit GCX Ltd after a Delaware Court approved a creditor-supported Chapter 11 plan for the subsidiary, in a setback to its own closely-watched bankruptcy process. The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a ...

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• 8 December

  Japan to restart JIC, seeks 100 billion yen in budget

  Bloomberg Japan is planning to restart operations at Japan Investment Corp and will seek a budget of about 100 billion yen ($921 million) for the public-private fund, Nikkei reported. The budget for JIC, which stopped activity in late 2018 because of a rift between the fund and the government over salaries, could come from Japan’s fiscal investment and loan program, ...

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