July, 2019

• 17 July

  Searches for cancelling ‘Amazon Prime’ spike

  Bloomberg Internet searches for “Cancelling Amazon Prime” were 18 times higher during Prime Day — the beginning of Amazon.com Inc’s two-day sale — than the previous day, according to search intelligence firm Captify. The data suggest shoppers want to snatch up discounted gadgets and appliances without making a long-term commitment to the world’s biggest online retailer. “If Amazon is hoping ...

  Read More »
• 17 July

  Father of Ethiopian crash victims to savage Boeing in testimony

  

  Bloomberg A Canadian man who lost five family members, including three children, in the Ethiopian Airlines crash last March is accusing planemaker Boeing Co of a “shameful pattern of behaviour” for how it designed the 737 Max and how it has acted since the accident. Paul Njoroge calls for a full recertification of Boeing’s best-selling model grounded since March 13 ...

  Read More »
• 16 July

  Mubadala, UEmedical sign deal on referral lab services

  

  Abu Dhabi / WAM National Reference Laboratory (NRL), part of Mubadala’s network of world-class healthcare providers, on Tuesday announced that it has signed a Laboratory Referral Services Agreement with United Eastern Medical Services (UEmedical) Group, one of Abu Dhabi’s leading private healthcare operators. NRL will become the exclusive provider of referral laboratory testing to all facilities of the UEmedical healthcare ...

  Read More »
• 16 July

  UAE-Canada trade hits AED7.8b

  ABU DHABI / WAM Commercial trade between the UAE and Canada totalled AED7.8 billion in 2018, said Badr Al Mushrekh, Director of the Commercial Policies and International Organisations Administration at the UAE Ministry of Economy. The ministry representative made his remarks while commenting on the latest ‘Trade Policy Review: Canada’ report issued by the World Trade Organisation, WTO, Secretariat. According ...

  Read More »
• 16 July

  British pound plunges to new low for 2019

  

  Bloomberg The pound fell to the lowest since 2017 as the market once again reckoned with no-deal Brexit risk after the contenders to be UK prime minister toughened their rhetoric. Sterling hit its weakest level in more than two years versus the dollar and a six-month low against the euro, as Brexit negotiations appeared to turn more hostile. Both leadership ...

  Read More »
• 16 July

  China’s debt ratio growing amid economic slowdown

  

  Bloomberg China’s efforts to shore up sagging economic growth are leading to a resurgence in indebtedness, underlining the challenge President Xi Jinping’s government faces in curbing financial risk. The nation’s total stock of corporate, household and government debt now exceeds 303% of gross domestic product and makes up about 15% of all global debt, according to a report published by ...

  Read More »
• 16 July

  Khalifa Fund and Ethiopian ministry sign AED368m deal

  ADDIS ABABA / WAM The Khalifa Fund for Enterprise Development (KFED) has signed a strategic partnership agreement with the Ethiopian Ministry of Finance aimed at providing over $100 million (AED368 million) to help promote a culture of innovation and finance prominent projects in the Federal Democratic Republic of Ethiopia. The agreement, which was signed by Hussain Jasim Al Nowais, Chairman ...

  Read More »
• 16 July

  Sharjah, Uganda keen to boost economic, investment relations

  

  SHARJAH / WAM Sharjah and Uganda have discussed prospects of cooperation and ways to further boost their bilateral relations in the economic and investment sector. While receiving a high-ranking Ugandan delegation led by Amongi Betty Ongom, Cabinet Minister of Lands, Housing and Urban Development, Republic of Uganda, at its headquarters, the Sharjah Chamber of Commerce and Industry (SCCI) reiterated its ...

  Read More »
• 16 July

  Dubai to host GIAS summit in Jan 2020

  

  DUBAI / WAM The UAE General Civil Aviation Authority (GCAA) has announced that the second edition of Global Investment in Aviation Summit (GIAS) 2020, themed ‘Enabling Global Aviation Growth through Fund Raising and Key Partnerships’ will be held in Dubai, starting from January 27- 29. Over 200 investors and 1,200 delegates, besides selected government officials, aviation organisations, finance and insurance ...

  Read More »
• 16 July

  Dewa launches peak load reduction campaign

  

  DUBAI / WAM The Dubai Electricity and Water Authority, Dewa, has launched its annual “Let’s Make This Summer Green” campaign to encourage members of the society to adopt practices to protect the environment and reduce their carbon footprint. “The annual campaign is part of our efforts to engage customers and members of the society in concerted efforts to protect the ...

  Read More »