November, 2019

• 23 November

  Target climbs to record high on sales beat, raised forecast

  

  Bloomberg Target Corp reached a record high after raising its full-year outlook again on strong sales and profitability, providing a safe haven after several retailers unnerved investors. Third-quarter comparable sales, a key retail metric, rose 4.5%, a full percentage point above what analysts polled by Consensus Metrix had projected. Profit this year excluding some items will be between $6.25 and ...

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• 20 November

  UAE underscores importance of tolerance in reconciliation efforts

  

  NEW YORK / WAM The UAE underscored the importance of tolerance and dialogue in reconciliation efforts and affirmed the UAE’s commitment to promoting peaceful coexistence and political solutions to address global challenges, during the UN Security Council Open Debate on peacebuilding and sustaining peace specifically the role of reconciliation. “The UAE has always been keen on promoting the principles of ...

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• 20 November

  Emirates to get 30 Boeing 787 Dreamliners worth AED32.3b

  

  Dubai / Emirates Business Emirates, the world’s largest international airline, on Wednesday announced that it has signed a full purchase agreement for 30 Boeing 787-9 aircraft, worth AED32.3 billion ($ 8.8 billion) at list prices, at the Dubai Airshow 2019. Under its agreement with Boeing, Emirates has exercised its right to substitute the B777x with B787s. This deal includes Boeing ...

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• 20 November

  UAE to buy 24 light attack aircraft for AED2.27bn

  Dubai / WAM The UAE announced its intention to buy 24 B-250 light attack aircraft worth AED2.27 billion to strengthen air support for its Air Force and Air Defence from aerospace company Calidus. Major-General Ishaq Saleh Al Blooshi, Deputy Executive Director of the Military Committee of Dubai Airshow 2019, confirmed at the show daily briefing that the deal is in ...

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• 20 November

  UAE’s bank deposits rise AED18 billion in October

  

  ABU DHABi / WAM The Central Bank of the UAE (CBUAE), announced that during October 2019, total bank deposits increased by AED 17.8 billion, attributable to an AED 1.9 billion increase in resident deposits and an AED 15.9 billion increase in non-resident deposits. The money supply aggregate M1 decreased by 1.2 percent, from AED 511.9 billion at the end of ...

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• 20 November

  India’s beaten-down telcos soar on easing price war

  

  Bloomberg A week after Vodafone Group Plc’s chief executive suggested the company’s India venture was headed for insolvency without government help, the shares have more than doubled over four trading days. The rally followed plans by the nation’s top three carriers to raise tariffs, waving the white flag in a price war that dragged rates to some of the lowest ...

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• 20 November

  Adnoc appoints Honeywell for predictive maintenance project

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced a partnership with Honeywell, as it embarks on one of the largest predictive maintenance projects in the oil and gas industry. Under the terms of a 10-year partnership agreement, the Adnoc will utilise Honeywell’s state-of-the-art asset monitoring and predictive analytics platform to maximise asset efficiency and ...

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• 20 November

  Oil steadies after hitting 2-week low

  Bloomberg Oil steadied after falling to a two-week low on signs of swelling American crude inventories, while heightened political tensions clouded the chances of a trade deal between the US and China. Futures held above $55 a barrel in New York after slumping 3.2% on Tuesday, the most since the end of September. Industry data showed crude stockpiles rose by ...

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• 20 November

  UAE leaders attend funeral for Sultan bin Zayed

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Their Highnesses the Supreme Council Members and Rulers of the Emirates, Crown Princes, Sheikhs, and large crowd performed funeral prayers on the body of the late HH Sheikh Sultan bin Zayed Al Nahyan, at ...

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• 20 November

  Dubai to showcase business opportunities at IBTM World

  

  DUBAI / WAM Dubai is showcasing its diverse business events offerings and meetings capabilities to industry professionals at the IBTM World in Barcelona, where Dubai Business Events (DBE), the city’s official convention bureau, is leading Dubai’s strong presence at the trade show, being held from November 19-21. Taking place at the Fira Barcelona Gran Via, IBTM World is welcoming over ...

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