October, 2019

• 12 October

  LVMH’s faster-than-forecast growth allays HK concerns

  

  Bloomberg LVMH bucked concerns about the impact of protests in Hong Kong on sales of luxury goods to the key Chinese consumer market, throwing down a gauntlet to rivals with faster-than-expected revenue growth. Third-quarter sales of fashion and leather goods rose 19% as the Paris-based company that’s seen as a bellwether for the wider luxury sector flagged “remarkable” performances at ...

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• 9 October

  UAE leads Arab region in global competitiveness

  

  DUBAI / WAM The UAE ranked first in the Arab World and 25th globally in the Global Competitiveness Report, 2019, released by the World Economic Forum, Davos, on Wednesday. According to the report, which assesses the competitiveness landscape of 141 economies, providing unique insight into the drivers of economic growth, the UAE gained two positions since the last edition. The ...

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• 9 October

  Adnoc pursues smart growth to meet global energy needs

  

  Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), is creating new opportunities for partnerships and investments as it pursues a balanced smart growth strategy and drives responsible production to reliably meet the world’s growing energy demand, according to Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO. Speaking in London at the ...

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• 9 October

  Madagascar’s 100 conservation projects get MBZ Fund support

  ABU DHABI / WAM A total of 100 conservation projects for endangered species of plants and wildlife in Madagascar received grants from the Mohamed bin Zayed Species Conservation Fund, attendees at a special talk on conservation in the island were told at a meeting at capital’s Foreign Correspondents’ Club – UAE. Overall, the Fund has now given a total of ...

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• 9 October

  Dubai’s foreign trade in IT up 97% to $63b in 10 years

  

  Dubai / WAM Dubai almost doubled its foreign trade value in IT and telecom industry over the past decade, recording a growth of 97 percent from AED117 billion in 2009 to AED231 billion ($62.8 billion) in 2018, according to statistics released by Dubai Customs, in conjunction with Gitex Technology Week 2019. In H1-2019, trade in IT and telecoms went up ...

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• 9 October

  Sweden breaks ground at Expo 2020 Dubai

  DUBAI / WAM Swedish Minister for Foreign Trade, Anna Hallberg, performed a tree planting ceremony at Expo 2020 Dubai on Wednesday, officially marking the beginning of the construction of the Swedish pavilion, ‘The Forest’. Najeeb Mohammed Al-Ali, Executive Director of Expo 2020 Dubai Bureau, joined the Swedish minister at the ceremony. Tree planting resonates with the ambition to build the ...

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• 9 October

  Deal signed to accelerate Abu Dhabi’s digital shift

  

  Dubai / WAM The Abu Dhabi Digital Authority (Adda), signed a Memorandum of Understanding (MoU), with Orange Business Services to accelerate the digital transformation of the Abu Dhabi government. According to the agreement, Orange Business Services will work in close coordination with Adda in the development of a co-innovation programme to explore new value-added services for the Authority, with the ...

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• 9 October

  Etihad Cargo celebrates a year of digitalisation

  

  Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, has marked the first year of its ambitious digitalisation programme, which went live with iCargo in October 2018, by reiterating its commitment to enhancing customer experiences with a pipeline of further programmes and initiatives. Etihad Cargo implemented a full overhaul of its booking processes and platforms ...

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• 9 October

  Hazza Al Mansoori reveals post-flight details

  

  Moscow / WAM First Emirati astronaut, Hazza Al Mansoori made his first media appearance after his mission to the International Space Station (ISS), in a joint press conference with the Russian astronaut, Aleksey Ovchinin at the Yuri Gagarin Cosmonaut Training Centre in Stars City, Moscow, Russia. The press conference shed light on Al Mansoori’s space mission. The Mohammed bin Rashid ...

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• 9 October

  Etihad Rail awards AED1.6b contract to Hitachi Rail STS

  

  Abu Dhabi / Emirates Business Etihad Rail, the developer and operator of the UAE’s national railway, has approved the award of the systems and integration contract for Stage Two of the UAE’s national railway network at a total cost of AED 1.6 billion during a Board meeting chaired by His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Member ...

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