September, 2019

• 11 September

  UAE banks’ three-month deposits hit AED532bn

  

  ABU DHABI / WAM The total value of three-month deposits in UAE banks amounted to AED532bn in July, 2019, a 6.2 percent growth of AED31.22bn as compared to the preceding month. According to the CBUAE’s figures, three-months deposits, which have been steadily growing over the recent months, account for 55.3 percent of total deposits held by UAE banks, driven by ...

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• 11 September

  Ewec, Acwa Power ink desalination plant deal

  

  ABU DHABI / WAM The Emirates Water and Electricity Company (EWEC), signed an AED3.27 billion water purchase agreement, with ACWA Power, a Saudi-based developer, investor and operator of power generation and desalinated water plants. The deal will enable the development of over 900,000 cubic metres per day desalination facility in Taweelah – sufficient to meet the demand of water for ...

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• 11 September

  Deals worth $26 billion signed at fourth China-Arab states expo

  

  BEIJING / WAM A total of 362 deals worth valued at $26 billion have been signed at the fourth China-Arab States Expo, reported the People’s Daily. The expos was held in northwest China’s Ningxia Hui Autonomous Region, with Chinese President Xi Jinping relaying a congratulatory message during the opening ceremony of the event. According to People’s Daily, “Over 2,900 regional ...

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• 11 September

  Aramco picks top banks for mega IPO

  Bloomberg Saudi Aramco has picked a slew of banks to work on its planned initial public offering following intense lobbying by some of the world’s top dealmakers, people with knowledge of matter said. Aramco selected firms including Bank of America Corp., Citigroup Inc., Credit Suisse Group AG, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for top ...

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• 11 September

  Emirates Skywards reaches 25m members

  

  Dubai / Emirates Business Emirates Skywards, the award-winning loyalty programme for Emirates and flydubai, has touched a new high – 25 million members. Emirates Skywards is celebrating this key milestone with exciting offers and surprises for its members, starting September 12. This includes 25% discounts on upgrades and reward tickets on selected flights to and from Dubai, a network-wide special ...

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• 11 September

  Etihad Airways, Breitling announce partnership

  

  New York / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has announced a new partnership with Swiss luxury watchmaker Breitling. With an equal passion for aviation, quality, and precision, Etihad offers a perfect platform for Breitling, who will serve as the airline’s Official Timekeeper. The announcement was made by the airline during New York Fashion ...

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• 11 September

  Qudwa 2019 to host over 40 international speakers

  ABU DHABI / WAM The third edition of Qudwa – a forum that seeks to elevate the teaching profession in the UAE and improve the future of education – is scheduled to be held on October 6 at Manarat Al Saadiyat, Abu Dhabi. The forum, held under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of ...

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• 11 September

  Dubai businesses upbeat on new export markets, projects

  

  DUBAI / WAM New export markets and projects being launched ahead of Expo 2020 Dubai are energising economic activity in Dubai, particularly in the trading and construction sectors and businesses are confident of improved outcomes in the months ahead. The quarterly survey of the Dubai Economy shows Composite Business Confidence Index (BCI), in the emirate improving by 2.2 points to ...

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• 11 September

  Khalifa Fund selects 78 innovative projects for 3rd Pitch@Palace UAE

  

  Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), announced that 78 of the total 94 entries submitted to the Pitch@Palace UAE will compete in the competition’s third edition to win the title of the most innovative technological project. Of the total number of competing entries, 44 participating projects will be featured at the “On Tour” event in ...

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• 11 September

  UAE provides emergency relief to Abyan in Yemen

  

  ABYAN / WAM As part of the UAE’s urgent response campaign launched during the month of September in the Yemeni governorates of Aden, Lahij and Abyan, the country has dispatched a shipment of food supplements to alleviate the suffering of Yemeni people. The Emirates Red Crescent (ERC), supervised the distribution of the aid which is part of the UAE’s series ...

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