August, 2019

• 4 August

  University of California sues top retailers over LED bulbs

  

  Bloomberg The University of California is looking to halt imports of vintage-style LED light bulbs that are sold at five of the nation’s biggest retailers, including Walmart Inc, Target Corp and Amazon.com Inc. The University of California Santa Barbara says the retailers should be paying it royalties from sales of the bulbs. Bed Bath & Beyond Inc and Ikea of ...

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• 3 August

  China is paying US tens of billions of dollars: Trump

  

  Bloomberg US President Donald Trump said “things are going along very well with China,” and repeated his contention that Beijing is paying the US “Tens of Billions of Dollars” after successive rounds of import tariffs. This was “made possible by Chinese government’s monetary devaluations and their pumping in massive amounts of cash to keep their system going,” Trump said in ...

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• 3 August

  UAE to implement common electronic customs system

  ABU DHABI / WAM In collaboration with the local customs administrations, the Federal Customs Authority initiated the executive procedures to unify customs system across the UAE. The move is meant to authorise common customs electro-nic system within all local customs administrations as well as border zones in order to contribute to cementing the security scheme, facilitate trade, simplify clearing procedures, ...

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• 3 August

  ADX bolsters ties with Shanghai exchange

  

  Abu Dhabi / Emirates Business A delegation from the Abu Dhabi Securities Exchange (ADX), headed by HE Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, visited the Shanghai Stock Exchange. The visit comes as part of the framework of strengthening the comprehensive strategic partnership between the financial markets and exploring and enhancing the partnership and cooperation opportunities for investors ...

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• 3 August

  Over 30 nations to participate in RAK SME expo

  RAS AL KHAIMAH / WAM So far 33 countries have confirmed their participation in the first and largest international exhibition for small and medium-sized enterprises, SMEs, which Ras Al Khaimah will host next November, the organisers said. Mohamed Musabbeh Al Nuaimi, Chairman of the RAK Chamber of Commerce and Industry, which is organising the event, said that the event, which ...

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• 3 August

  Pound seen hitting 34-year low if Johnson drags UK to no-deal

  

  Bloomberg The pound will tumble to the lowest level since 1985 if the UK leaves the European Union without a deal, a prospect that looks more likely now than six months ago, according to a Bloomberg survey of analysts. There is now a 30 percent chance that Britain will exit the bloc in October without a divorce agreement, the poll ...

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• 3 August

  UAE ministry completes first phase of aerial mapping of agriculture areas using drones

  

  Abu Dhabi / WAM The Ministry of Climate Change and Environment (MOCCAE), on Saturday announced the completion of Phase I of its research project to map agricultural areas across the UAE’s northern emirates using drones. Spanning 550 sq kilometres of agricultural lands across Dubai, Sharjah, Ajman, and Umm Al Qaiwain, the first phase mapped as many as 41 categories of ...

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• 3 August

  Dennemeyer: The whole new world of intellectual property

  DUBAI / Sarah Mahmoud The Dennemeyer Group has 57 years of experience in the provision of international services in the field of intellectual property, such as the payment of annual fees for patents, the renewal of trademarks, filing of Recordals, the strategic consultancy in the field of IP, and advanced software solutions for the effective management of intellectual property as ...

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• 3 August

  Hub71 welcomes seven new startups from six sectors

  

  Abu Dhabi / Emirates Business Hub71 announced that seven new startups will bring a significant part of their operations and presence to the Abu-Dhabi based tech hub. The seven startups are specialised in fintech, health tech, travel tech, artificial intelligence (AI), blockchain and social impact. Spanning across many industries, the startups include two Emirati founders who have decided to build ...

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• 3 August

  33 countries to participate in RAK SME expo

  RAS AL KHAIMAH / WAM So far 33 countries have confirmed their participation in the first and largest international exhibition for small and medium-sized enterprises, SMEs, which Ras Al Khaimah will host next November, organisers said. Mohamed Musabbeh Al Nuaimi, Chairman of the RAK Chamber of Commerce and Industry, which is organising the event, said that the event, which will ...

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