July, 2019

• 6 July

  Oil posts weekly loss over economic woes

  

  Bloomberg Oil posted its first weekly loss since mid-June, as a forecast-topping US employment report wasn’t enough to offset the economic worries dogging the market. Futures in New York closed down 1.6 percent for the week, despite eking out an increase after the government said payrolls climbed by 224,000 in June. The ultimate fallout from the report was unclear as ...

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• 6 July

  India plans to raise $10bn from first foreign sovereign bond sale

  

  Bloomberg India plans to raise as much as $10 billion from its first overseas sovereign bond because there’s huge appetite for its debt in the foreign market, according to a top finance ministry official. “It’s a cautious beginning, which we need to make,” Economic Affairs Secretary Subhash Garg said in an interview. “In terms of risk management I don’t see ...

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• 6 July

  Abu Dhabi smart pharmacy system issues 1.7m prescriptions

  

  ABU DHABI / WAM Some 1.7 million prescriptions have been dispensed since the launch of the ‘smartpharmacy system’ in 2014, announced the Abu Dhabi Health Services Company (Seha). The system was introduced in a bid to reduce waiting time and prescription errors, said a Seha press statement issued on Saturday. The smart pharmacy system is carried out by a robot ...

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• 6 July

  TRA launches 5th edition of innovation camp

  SHARJAH / WAM The Telecommunications Regulatory Authority (TRA) announced that fifth edition of ‘TRA Innovation Camp’ will be held on July 7 and August 8. The camp aims to introduce the youth to the important future technologies, exploration, future-shaping, and self-development skills, in line with the UAE’s strategy in the Information and Communications Technology (ICT) field. Hamad Obaid Al Mansoori, ...

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• 6 July

  Fishing slipway reopens in Yemen’s Bab al-Mandeb

  RED SEA COAST OF YEMEN / WAM The Emirates Red Crescent (ERC) re-opened a fishing slipway in in Bab al-Mandab District of Dhubab Governorate, after completing the rehabilitation and refitting operations. The ERC Representative on the Red Sea Coast, said the UAE-funded facility, part of a UAE plan to establish and rehabilitate 24 fishing slipways, would allow 4,500 fishermen to ...

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• 6 July

  First-of-its-kind Optare buses launched in Dubai

  

  DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) launched the operation of 94 medium-size buses of the Optare Brand, which will be the first of its kind in the UAE. These buses are compatible with the European Emission Standards, Euro 5, light in weight and low on ...

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• 6 July

  UAE ministry, Borouge explore trade, economic collaboration

  

  ABU DHABI / WAM A delegation from the Ministry of Economy, led by Abdullah bin Ahmed Al Saleh, Under-Secretary for Foreign Trade Affairs at the Ministry of Economy (MoE), visited the Innovation Centre of Borouge in Abu Dhabi. The delegation was introduced to the latest practices and technologies used at the Borouge Innovation Centre to produce innovative and value creating ...

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• 6 July

  ‘Innovators Under 35’ to nurture young Arab talents

  

  DUBAI / WAM The Dubai Future Foundation and EmTech Mena have announced the committee of judges for ‘Innovators Under 35’, a global competition for young innovators, in its second year. The winners will present at EmTech Mena 2019, an annual conference on emerging technologies, which will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

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• 6 July

  Indian startups get ‘business support’ in Dubai

  Dubai / Emirates Business Two promising Indian startups from New Delhi and Bangalore were named as the winners of a prestigious competition organised by Dubai Technology Entrepreneur Campus (Dtec), the largest hub of its kind in the region and wholly-owned by Dubai Silicon Oasis Authority (DSOA), which was held during the recent Dubai Startup Hub roadshow to India. ShipsKart, a ...

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• 6 July

  Abu Dhabi Airports, Ports discuss crisis management

  ABU DHABI / WAM A team from Abu Dhabi Ports has visited Abu Dhabi Airports to review best practices and share knowledge and experience. The meeting is the result of both entities’ continuous efforts to enhance their respective operations and ensure business continuity by engaging with their partners and stakeholders. The team from Abu Dhabi Ports met with Abu Dhabi ...

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