November, 2019

• 16 November

  ADX active contributor to new ISSA paper on crypto assets

  

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), issued a paper titled ‘Crypto Assets: Moving from theory to practice’. The paper was prepared in cooperation with global Central Securities Depositories, asset managers and custodians, and under the patronage of the International Securities Service Association, ISSA, in which ADX is an active member, said a press release issued by ADX ...

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• 16 November

  More than 700 insurance certificates issued for Ajman Free Zone workers

  

  Ajman / Emirates Business Ajman Free Zone (AFZ) has confirmed the effectiveness of the new insurance umbrella launched several months ago in cooperation with Dubai Insurance to protect workers’ rights and reduce the burden on investors of the free zone, as well as contribute to the government’s efforts to protect the rights of this category. Ajman Free Zone pointed out that ...

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• 16 November

  Emirates all set to operate historic National Day flight

  

  DUBAI / Emirates Business Emirates will operate a historic one-off A380 flight on November 29 in an unprecedented effort to bring together and celebrate the vibrant multicultural communities of the UAE onto one flight. The airline will attempt to welcome as many nationalities as possible onto flight EK2019, for a special flight journey around the UAE. The A380 commissioned for ...

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• 16 November

  Abu Dhabi hotel guests exceed 1.3mn in Q3

  

  ABU DHABI / WAM The number of hotel guests staying in Abu Dhabi emirate during the third quarter of 2019 exceeded 1.3 million, an increase of 1.7 percent compared to the same period in 2018, according to the figures released by the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi. In the year-to-date in 2019 there have ...

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• 16 November

  Dafza to showcase portfolio of services at Dubai Airshow

  

  Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) will showcase its integrated portfolio of services and solutions for the aviation industry at Dubai Airshow 2019. Held at the Dubai World Central, the event will take place from November 17-21. Participating in one of the world’s biggest events of its kind falls in line with Dafza’s strategic objectives, which includes ...

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• 16 November

  ERC organises mass wedding in Yemen

  

  MOCHA / WAM The Emirates Red Crescent (ERC), organised the 20th mass wedding in Yemen under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces; and guidance of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of ...

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• 16 November

  Amazon to challenge loss of Pentagon cloud deal in court

  

  Bloomberg Amazon.com Inc has given notice that it will file a lawsuit challenging the Defense Department’s decision to award Microsoft Corp a cloud computing contract valued at as much as $10 billion over a decade. The e-commerce giant plans to lodge its complaint against the contract in the US Court of Federal Claims, Seattle-based Amazon confirmed. The company’s challenge was ...

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• 16 November

  Orange working on Africa IPO

  Bloomberg Orange SA, France’s dominant phone company, is starting preparations for a potential initial public offering of its Africa and Middle East unit, people familiar with the matter said. The firm has been interviewing advisers for the planned share sale, according to the people, who asked not to be identified because the information is private. Orange is weighing potential listing ...

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• 16 November

  Germany likely to impose 5G ban on Huawei

  

  Bloomberg German Chancellor Angela Merkel is coming under pressure from her own party to impose an outright ban on Chinese equipment supplier Huawei Technologies Co from the country’s 5G network. The demand is part of a motion signed by 500 of her fellow Christian Democrats to be presented at the party conference next week, according to a copy obtained by ...

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• 16 November

  Uber shares have potential to double: Barclays analyst

  

  Bloomberg Uber Technologies Inc has been on the wrong side of investor sentiment since its debut on the public market this year, and Barclays analyst Ross Sandler said the ride-hailing company could be “one major announcement” away from a change in the narrative. Shares of the company came under significant pressure around the expiry of its IPO lockup period — ...

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