July, 2019

• 9 July

  UAE, Vietnam bolster ties

  ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, and with Trinh Dinh Dung, Deputy Prime Minister of Vietnam, discussed ways of accelerating mutual cooperation between the two countries. Al Mazrouei emphasised the strength of UAE-Vietnam relations in the light of the mutual ties of friendship and common interests in all fields. The ...

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• 9 July

  Aramco awards $18bn in deals to boost output capacity at two fields

  

  Bloomberg Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its Opec partners restrict production. Saudi Arabia’s state oil company will add a combined 550,000 barrels a day of crude-production capacity at its Marjan and Berri fields, it said on Tuesday in a ...

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• 9 July

  Dafza keen to attract new business, FDI from China

  

  DUBAI / WAM Dubai Airport Freezone Authority (Dafza), one of the UAE’s leading free zones, has stepped up efforts to attract new business and foreign direct investment (FDI) from China following official Chinese delegation visits this week. Jamal bin Marghoob, Senior Director of Sales at Dafza, along with senior officials welcomed the delegation from the China Council for the Promotion ...

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• 9 July

  Nasdaq Dubai, Astana Exchange foster ties

  DUBAI / WAM Nasdaq Dubai and Astana International Exchange (AIX) in Kazakhstan have signed an agreement to establish a close operational relationship between the central securities depositories, CSDs, of both markets. Hamed Ali, Chief Executive of Nasdaq Dubai, said, “As Kazakhstan’s dynamic companies increasingly look abroad for investment, Nasdaq Dubai can provide them with access to a large pool of ...

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• 9 July

  Air Arabia starts daily flights to Kuala Lumpur

  

  SHARJAH / WAM Air Arabia has announced that it inaugurated its direct flight between Kuala Lumpur and Sharjah. The seven-hour flight between the two cities is the first direct flight by a low-cost carrier connecting Malaysia with the UAE and GCC. The flight operates daily. Flights on Mondays, Wednesdays, Fridays, and Sundays depart KLIA at 03:35 local time arriving at ...

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• 9 July

  Deal for Northern Emirates’ largest desalination plant inked

  

  DUBAI / WAM The Federal Electricity and Water Authority (Fewa), a consortium consisting of Acwa Power and MDC Power Holding Company, an entity fully owned by Mubadala Investment Company, has entered into a water purchase agreement for a 150 million imperial gallon per day desalination plant in the Emirate of Umm Al Qaiwain (UAQ). The plant will utilise Seawater Reverse ...

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• 9 July

  Enoc expands retail footprint with new Fujairah station

  

  Dubai / Emirates Business Enoc Group opened a new service station in Fujairah in line with its plans to expand its network to 191 stations in the UAE by end-2020. The Al Faseel service station will be Enoc’s ninth station in Fujairah since the first station in the emirate in 1989. The station caters to a large community in Al ...

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• 9 July

  Cosco Abu Dhabi a gateway for ‘Belt and Road’ trade, investment

  

  Abu Dhabi / WAM Since the launch of its trial operations in April this year, the CSP Abu Dhabi Port Container Terminal (Cosco), has already gained great strides in its bid to drive investment growth and economic divers-ification aligned with Abu Dhabi Economic Vision 2030. The trade and investment journey began on September 2016, when China’s Cosco Shipping Ports Ltd ...

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• 9 July

  Dubai Airports launches real-time monitoring system

  

  Dubai / WAM Dubai Airports has launched a high-tech system that monitors airport operations in real-time and visualises traffic flows to support consistently smooth operations at Dubai International (DXB). The cloud-based platform, titled ‘realtimeDXB’, gathers data generated by more than 50 operational systems, including those of Dubai Airports and its many service partners. It uses this information to keep all ...

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• 9 July

  Deal signed to manage, service OA accounts

  DUBAI / WAM Dubai, Dubai Land Department (DLD), represented by its regulatory arm Real Estate Regulatory Agency (Rera) signed an MoU with United Bank Limited (UBL UAE) to manage and service owners’ associations (OA) accounts. Marwan bin Ghalita, CEO of Rera, and Syed Asghar Hussain, Head of Operations at UBL, signed MoU, through which Rera agrees to authorise UBL to ...

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