July, 2019

• 8 July

  Abu Dhabi, Costa Rica discuss economic, investment prospects

  

  ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry and the Costa Rica Embassy in the UAE discussed available mutual economic and investment opportunities in Abu Dhabi and Costa Rica. Their discussion took place during a meeting between Mohammed Thani Murshid Al Rumaithi, Chairman of the Chamber, and Francisco Chacon Fernandez, Ambassador of Costa Rica to the ...

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• 8 July

  DFM distributes AED12.2bn in dividends to investors in 2018

  

  Dubai / WAM The Dubai Financial Market (DFM) announced on Monday that it has completed cash dividend distribution for the financial year 2018, with AED12.2 billion of dividends disseminated to 336,215 investors. DFM managed the dividend distribution process on behalf of 35 listed companies and investors received their dividends via iVESTOR Card as well as bank transfer. Commenting on the ...

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• 8 July

  Oil rises as Iran tension reignites supply woes

  

  Bloomberg Oil pushed higher as Iran’s threats to retaliate over a seized crude tanker and problems with a North Sea pipeline kept investors wary of potential supply disruptions. Futures gained as much as 1.7 percent in New York on Monday. European powers urged Iran to reverse its decision to breach the levels of uranium enrichment permitted under the 2015 nuclear ...

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• 8 July

  UAE reaffirms commitment to transforming industrial sector

  DUBAI / Emirates Business A high-level delegation of government officials and industry leaders from the United Arab Emirates will participate at the second edition of the Global Manufacturing and Industrialisation Summit (GMIS) which is going to be held in the Russian City of Yekaterinburg from July 9 to 11. The move reaffirms the UAE’s commitment to the deployment of new ...

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• 8 July

  Deal to boost educational services in UAE inked

  SHARJAH / Emirates Business The Dubai Real Estate Institute, DREI, recently signed a memorandum of understanding (MoU), with the Abu Dhabi Vocational Education and Training Institute (ADVETI) to establish cooperation in areas of common interest and to exchange expertise. The MoU is also aimed at promoting educational services in the UAE in line with the strategic national vision to empower ...

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• 8 July

  Union Coop opens ceiling of shareholders’ purchases

  DUBAI / WAM Union Coop has announced that it has opened its purchasing ceiling to its shareholders to offer them the highest possible returns on their purchases as of the beginning of 2019. The decision comes as a result of its strategic objectives to ensure shareholder happiness and achieve high returns on their investments. Majid Hamad Rahma Al Shamsi, Chairman ...

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• 8 July

  ADX, Morgan Stanley to develop business ties

  ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) met with an executive delegation from Morgan Stanley to discuss how to develop business relations between both entities. Khalifa Salem Al Mansouri, Acting Chief Executive of the ADX, said, “This was a valuable introduction for the ADX. Developing business relations with such a highly experienced American multinat- ional investment bank ...

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• 8 July

  Dubai, Prague seeking to build new bridges of economic ties

  

  PRAGUE / WAM Public and private sector players attending the Czech-UAE Business Forum 2019 in Prague called for businesses in the two countries to explore new partnership opportunities in key sectors of mutual interest such as smart city solutions, manufacturing, logistics, healthcare, tourism and artificial intelligence, which can support the strategic vision of both governments. The high-level forum, attended by ...

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• 8 July

  Hala China signs six collaboration pacts

  

  DUBAI / WAM Hala China celebrated its first anniversary with the signing of six collaboration agreements to launch a host of unique events and packages in Dubai throughout 2019 and 2020. The agreements will see Hala China collaborate with Shanghai Qianxilu Cultural Communication, and leading Chinese travel agencies to boost tourism, cultural exchange, and trade and investment avenues. Held at ...

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• 8 July

  DIFC makes key hires to support its fintech growth plans

  

  DUBAI / Emirates Business Dubai International Financial Centre (DIFC) Authority, the entity responsible for the operations and management of the leading financial hub for the Middle East, Africa and South Asia (Measa) region with a wealth and asset management market of $424 billion, has strengthened its leadership team to drive its ongoing journey towards becoming a next generation financial centre. ...

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