June, 2019

• 19 June

  IEA, Opec slash global oil demand growth forecast

  

  Bloomberg Global oil demand growth is slowing. That is the view of all three major oil forecasting organisations, who have cut their assessments for what they expect in terms of an increase in crude consumption this year. The latest outlooks from the International Energy Agency, the US Energy Information Administration and the Organisation of Petroleum Exporting Countries (Opec) all show ...

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• 19 June

  Microsoft launches cloud services in UAE

  

  DUBAI / WAM Hamad Obaid Al Mansoori, TRA Director-General, said that the launch of Microsoft cloud services in the UAE confirms the country’s leading role in the ICT sector and as one of the world’s leading hubs of digital transformation in all sectors. In a statement, on the launch of Microsoft cloud services in UAE, Al Mansoori said that the ...

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• 19 June

  Landmark group, HSBC seal dual-platform blockchain deal

  

  Dubai / Emirates Business Landmark Group and HSBC have completed a first-of-its-kind transaction that connected two independently- built blockchain platforms, proving their interoperability and showing how collaborative technologies can further accelerate international trade in the future. It also marks a major step forward in the Middle East’s retail industry adopting blockchain. The transaction involved a shipment from Bee Dee Industries ...

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• 19 June

  Tech app Zbooni raises $1.1mn new funding

  Dubai / Emirates Business Homegrown UAE company Zbooni has announced it has just closed its latest funding round of $1.1 million from Chalhoub Group and B&Y Venture Partners to continue to grow the business. With a strong growth record over two years, it is handling millions of dirhams of sale transactions per month through its connected chat commerce app. The ...

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• 19 June

  Khalifa University ranked among top 300 globally

  

  ABU DHABI / WAM The Khalifa University of Science and Technology announced that it has become the first university in the UAE to be ranked among the top 300 academic institutions globally by the Quacquarelli Symonds, QS, World University Rankings 2020. Ranked 268th overall with a jump of 47 slots, Khalifa University thus remains among the top 27 percent of ...

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• 19 June

  DAE leases 3 new Boeing 777 freighters to AirBridgeCargo

  

  Dubai / WAM Dubai Aerospace Enterprise (DAE), on Wednesday announced that its leasing division DAE Capital and Moscow based, Volga Dnepr owned cargo airline AirBridgeCargo have entered into a purchase and leaseback agreement with PDP financing for three factories new Boeing 777 freighter aircraft. The three aircraft will be the first of this type to enter AirBridgeCargo’s fleet in 2020. ...

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• 19 June

  Sharjah Islamic Bank to issue dollar sukuk

  

  SHARJAH / WAM Sharjah Islamic Bank (SIB), appointed banks to arrange investor meetings ahead of the issuance of a US dollar-denominated Islamic bond, also known as Sukuk, the bank has announced. SIB has mandated Citi, HSBC and Standard Chartered Bank as Joint Global Coordinators and Joint Structuring Agents for a benchmark size T1 Sukuk issuance. The instruments are priced following ...

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• 19 June

  UAE to review investment prospects at S Africa forum

  

  Abu Dhabi / WAM A high-level trade and investment delegation organised by the Ministry of Economy under the chairmanship of Sultan bin Saeed Al Mansouri, Minister of Economy, will participate at the Africa Trade Week, set to be held in Johannesburg, South Africa, from June 23-25, under the theme ‘Africa – The New Home for Trade.’ The delegation includes Abdullah ...

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• 19 June

  MBRF organises training workshop for youth in Jordan

  Dubai / WAM A training workshop focused on using data and the workplace skills of the future was held in Jordan’s capital, Amman, and saw the participation of 40 young men and women. The workshop was held by the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), in conjunction with the United Nations Development Programme (UNDP). The activity complemented the efforts ...

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• 19 June

  UAE will continue to support culture, art across the world

  

  PARIS / WAM The Château de Fontainebleau’s historic Imperial Theatre has reopened to the public, following years of restoration works made possible by contributions from the Department of Culture and Tourism – Abu Dhabi. In recognition of Abu Dhabi’s contribution to the restoration, the theatre has been renamed as the Sheikh Khalifa bin Zayed Al Nahyan Theatre. HH Sheikh Abdullah ...

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