August, 2019

• 14 August

  UAE donates clothes, food for Eid in Yemen

  RED SEA COAST / WAM The UAE is continuing to normalise humanitarian conditions and improve the living conditions of Yemenis in all liberated governorates, with ERC distributing clothes and food for Eid to needy families living in the Red Sea Coast. ERC representatives said Eid clothes distribution project covers 700 families in Khawkhawh, Hais and At Tuhayta districts, and included ...

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• 14 August

  Emiratis exempt from pre-entry visa to visit South Africa

  ABU DHABI / WAM Emiratis holding diplomatic, special, mission and ordinary passports are now exempt from pre-entry visas to visit South Africa. According to the South African Department of Home Affairs, UAE was added to visa waiver list, with the possibility of UAE citizens travelling to South Africa to stay for a period up to 90 days effective from August ...

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• 14 August

  Adnec adds AED2.3bn to Abu Dhabi economy in H1

  

  ABU DHABI / WAM The first half of 2019 saw an input of AED2.3 billion into the Abu Dhabi economy, revealed the Abu Dhabi National Exhibitions Company on Wednesday. In a statement, the company said that its Abu Dhabi National Exhibition Centre (Adnec ), and Al Ain Convention Centre (AACC) contributed AED2.3 billion to the Abu Dhabi economy in H1 ...

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• 14 August

  Bank of Sharjah plans to issue dollar bonds

  

  Bloomberg Bank of Sharjah PJSC plans to issue dollar-denominated bonds later this year to help the United Arab Emirates lender repay existing debt, people with knowledge of the plan said. The company wants to raise about $500 million in a sale likely to take place in September or October, according to the people, who asked not to be identified because ...

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• 14 August

  Oil slumps as fears of global slowdown rise

  Bloomberg Oil tumbled the most in a week as global financial markets swooned and the swelling US crude stockpiles reinforced the fears about an economic slowdown. Futures slipped more than 5 percent in New York, joining a slide in equities. American crude inventories registered a surprise increase for the second straight week, US data showed on Wednesday, although gasoline demand ...

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• 14 August

  Trump’s farm tariffs no match for China’s retaliatory duties

  

  Bloomberg US President Donald Trump’s new tariffs on Chinese agricultural products are likely to hurt the Asian nation a lot less than the retaliatory duties Beijing already imposes on the US. The White House, while delaying tariffs on big-ticket consumer products until Dece- mber, decided to push ahead with 10 percent tariffs on Chinese agricultural products as well as antiques, ...

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• 14 August

  Etisalat, Sparkle ink deal to enable 5G roaming globally

  

  Dubai / Emirates Business Etisalat Carrier & Wholesale (C&WS) and Sparkle announced the establishment of a 5G data roaming interconnection between Etisalat and TIM, paving the way for 5G roaming between Middle East and across the globe. This strategic agreement will set the path for 5G and the global mobile and carrier community. While Expo 2020 was the first major ...

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• 14 August

  National Bonds gives Eidiyah rewards to minor bondholders

  Dubai / Emirates Business For the tenth year in a row National Bonds, the UAE’s leading Sahri’a Saving and Investment Company, is distributing ‘Eidiyah’ to more than 1000 lucky minor bondholders. ‘Eidiyah’ is an annual initiative that rewards minor bondholders via special electronic draws for AED 50 held in celebration of Eid Al Adha. As part of its efforts to ...

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• 14 August

  Fujairah’s refined oil product stocks up 10%

  

  FUJAIRAH / WAM/S&P Platts Refined oil product stockpiles at the Middle Eastern hub of Fujairah jumped 10 percent in the week to August 12 to 21.253 million barrels — an eight-week high — according to data released on Wednesday by the Fujairah Oil Industry Zone (Foiz). The biggest increase was in middle distillates, which ballooned 35 percent to 2.86 million ...

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• 14 August

  UAE Vice President, Abu Dhabi Crown Prince meet in Dubai

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received on Wednesday His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Their Highnesses exchanged views on national issues related to Emiratis to ensure ...

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