August, 2019

• 3 August

  Canada’s e-commerce juggernaut surges to record

  

  Bloomberg Shopify shares notched another record after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million, according to a company statement. Analysts were projecting $350.5 million. Shopify raised its 2019 revenue guidance to a range of $1.51 billion to $1.53 billion but kept ...

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July, 2019

• 31 July

  6th UAE-Iran joint maritime meeting results satisfying

  ABU DHABI / WAM A UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) official expressed his satisfaction foll- owing the 6th joint meeting between the UAE and Iran on maritime affairs. The meeting was held between the UAE and Iranian officials in Tehran. Salem Mohammed Al Zaabi, MoFAIC’s Director of the International Security Cooperation Department, said that the meeting ...

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• 31 July

  Adnoc closes major refining, trading deals with Eni, OMV

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it has closed its landmark strategic equity partnerships with the Italian oil and gas company Eni and the Austrian oil and gas company OMV, covering both the existing Adnoc Refining business and a new trading joint venture. The agreement, which was announced in January of ...

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• 31 July

  Emaar Malls revenues rise 6% to AED2.2 billion in H1

  

  Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded an increase in net profit by 3 percent during the first six months (January to June) of 2019 to AED1.130 billion ($308 million), compared to the net profit of AED1.102 billion ($300 million) during the same period in 2018. Revenue for H1 2019 ...

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• 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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