July, 2019

• 29 July

  du reiterates commitment to sustainable development goals

  

  DUBAI / Emirates Business Reiterating its commitment to serving as a responsible corporate citizen, du, from Emirates Integrated Telecommunications Company (EITC), has announced the release of its 2018 annual sustainability report. Raising the bar for sustainability benchmarks in the UAE, du’s three core pillars reflect the company’s desire to deve-lop strategies that make its business more innovative and responsible. Prepared ...

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• 29 July

  ADGM named best international financial centre in EMEA region

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has been named ‘Best International Financial Centre (EMEA) 2019’ by London-based Capital Finance International (CFI.co) in recognition of its role in the advancement of capital markets and financial ecosystem across Europe, the Middle East and Africa region. The judging panel commended ADGM for its comprehensive vision and its efforts in transforming ...

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• 29 July

  Deal signed on testing of rough diamonds in UAE

  DUBAI / WAM The UAE’s Kimberly Process Office and the Dubai Central Laboratory, a Dubai Municipality entity, have signed a strategic collaboration agreement to further strengthen technical expertise in the testing of rough diamonds entering the country. The agreement was signed by Maryam Al Hashemi, UAE Kimberly Process Director and Director — Precious Metals and Stones, DMCC, and Amin Ahmed ...

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• 29 July

  Emirates Transport sees record growth in H1

  DUBAI / WAM Emirates Transport (ET) has achieved record growth in terms of the number and value of contracts it signed with federal institutions and local authorities during the first half of the current year. The company signed 10 new contracts to provide transportation and rental services with eight government and federal authorities during this period. Abdulghaffar Mohammed Yousef, Accounts ...

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• 29 July

  Dubai Mercantile Exchange posts strong growth in forward trading

  

  DUBAI / WAM Dubai Mercantile Exchange (DME) on Monday announced a 45 percent increase quarter-on-quarter in trading activity on the exchange’s forward curve and a 33 percent growth in exchange average daily volume (ADV) during the first half of 2019. Forward curve volume reached 208,997 contracts from April 2019 through June 2019 versus 143,703 contracts traded in Q1 2019. Exchange ...

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• 29 July

  UAE, Saudi support project to help Yemeni families

  ABYAN / WAM The UAE and Saudi Arabia are supporting a project, titled, “Urgent Support for Improving Livelihoods of Underprivileged Families,” in Abyan Governorate, Yemen, which has benefitted 4,200 local fishermen. The project is being implemented by the Food and Agriculture Organisation (FAO), supported by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), and in partnership with ...

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• 29 July

  DLD-Online Auction deal to spur realty investments

  

  DUBAI / WAM Dubai Land Department (DLD) has signed a partnership agreement with Online Auction company to boost the real estate market’s activities, and provide new competitive options that enhance investor confidence. The strategic partnership agreement that was signed by Sultan Butti bin Mejren, Director General of DLD, and Ahmad Mustafa Ahli, Owner of Online Auction, will impact on achieving ...

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• 29 July

  AMLO seeks to build a new refinery for Mexico

  

  Bloomberg Mexico’s future energy minister was looking for inspiration two years ago when she toured the world’s largest refining complex, a 7,500-acre maze of industrial plants and pipes in India where more than a million barrels of oil can be turned into fuel and petrochemical products each day. Rocio Nahle, who became energy minister under Mexico’s new government in December, ...

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• 29 July

  Pakistan taps clean energy

  Bloomberg Pakistan is planning a wave of new wind and solar plants that will expand its clean energy capacity to about fifth of its total. The South Asian nation plans to increase its renewables by more than four times by adding as much as 7 gigawatts to bring its total to 8-9 gigawatts by 2025, said Nadeem Babar, head of ...

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• 29 July

  Alberta eases oil output limit amid export surge

  Bloomberg Alberta has relaxed the production limits it imposed on oil producers as it exports more barrels via rail and pipeline. Easing the production limit by 25,000 barrels a day means that operators can now produce about 175,000 barrels a day below what they were producing late last year, just before the province imposed the cut to alleviate a glut ...

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