July, 2019

• 31 July

  Oil hits two-week high on supply, Mideast concerns

  

  Bloomberg Oil climbed to its highest level in more than two weeks as strong summer demand in the US continued to drain stockpiles. Futures rose as much as 1.3% after the Energy Information Administration reported American crude inventories fell by 8.5 million barrels last week, a seventh straight decline that was higher than all industry and analyst estimates. Stockpiles of ...

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• 31 July

  Abu Dhabi, Kenya ink deal to boost cooperation in sustainable finance

  

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM), has expanded its sustainable finance outreach to Kenya. The Financial Services Regulatory Authority (FSRA), of ADGM and the Capital Markets Authority (CMA), of Kenya entered into a Memorandum of Understanding on Wednesday to enhance cooperation in sustainable finance in each other’s markets. Paul Muthaura, Chief Executive of CMA, and Philippe Richard, Executive Director-International ...

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• 31 July

  Mohamed, Pakistan PM discuss bilateral relations over phone

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a phone call from Prime Minister Imran Khan of Pakistan. During the call, Sheikh Mohamed bin Zayed and the Pakistan PM discussed ties between the two countries and ways to further develop ...

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• 31 July

  FCCI explores private sector cooperation with Slovakia

  Abu Dhai / WAM Humaid Mohammed bin Salem, Secretary-General of the UAE Federation of Chambers of Commerce and Industry (FCCI), and Dusan Horniak, Ambassador of Slovakia to the UAE, discussed ways of enhancing the cooperation and partnership between the private sectors of the UAE and Slovakia. During the meeting, which was held at the chamber’s headquarters, both sides explored investment ...

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• 31 July

  UAB H1 net proft hits AED36m

  Sharjah / WAM United Arab Bank (UAB), has announced its financial results for the period ended June 30, reporting a net profit of AED36 million in H1 2019. According to a statement, total income recorded was AED282 million, supported by an increase in interest income of six percent in H1 2019 compared to the same period in 2018. The bank’s ...

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• 31 July

  Ghafat Al Khair initiative launched in Dubai

  Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE), in collaboration with Dubai’s Community Development Authority (CDA), on Wednesday rolled out the Ghafat Al Khair initiative that aims to provide senior citizens in the emirate with 200 Ghaf seedlings to plant in their houses. To kick off the initiative that focuses on preserving nation’s heritage and environment in the ...

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• 31 July

  Emirati ‘Ambassadors of Innovation’ head to China

  Dubai / WAM The Dubai Electricity and Water Authority (Dewa), revealed that 20 Emiratis visited the People’s Republic of China for two weeks as part of the ‘Ambassadors of Innovation – Leaders of the Future’ programme, which supports the UAE’s efforts to empower young people through creativity and innovation. The programme, implemented by the Dewa and the Watani Al Emarat Foundation, ...

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• 31 July

  Abu Dhabi birth rate up 34% in 10 years

  

  Abu Dhabi / WAM The number of live births registered in Abu Dhabi over the past ten years has increased by 34 percent, with 38,285 babies born in 2018, compared with 28,456 in 2008. According to a report issued by the Statistics Centre in Abu Dhabi, the number of live births nearly tripled between 1977 and 2018, an increase of ...

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• 31 July

  FTA bans sale, possession of cigarettes without digital tax stamps from Aug 1

  

  ABU DHABI / WAM The Federal Tax Authority (FTA), announced that the sale and possession of all types of cigarettes not bearing ‘Digital Tax Stamps’ will be prohibited across UAE markets starting August 1. In a press statement released on Wednesday, the Authority explained that two types of Digital Tax Stamps were approved, the first of which is ‘Red’ and ...

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• 31 July

  DIFC Courts expand scope of wills services across UAE

  

  Dubai / Emirates Business The DIFC Courts has announced changes to the rules of wills registrations, which will now accommodate all resident and investor assets across the Emirates, as well as assets held outside the UAE. Effective from July 1, the Courts’ Wills Service Centre also confirmed that existing wills registered with the Courts can be amended free-of-charge until August ...

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