June, 2019

• 19 June

  Sheikha Jawaher: We’ve a global responsibility towards the displaced

  

  SHARJAH / WAM “World Refugee Day, which falls on June 20, is an annual reminder of pressing questions dealing with the reality and future of the 68 million people who have fled their homes to escape war, prosecution or terror. Every minute of every day, the staggering number continues to grow,” said HH Sheikha Jawaher bint Mohammed Al Qasimi, UNHCR’s ...

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• 19 June

  Adnec promotes Abu Dhabi boat show in Croatia

  

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) attended the International Council of Marine Industry Associations (ICOMIA), and International Federation of Boat Show Organisers (IFBSO), Conference alongside key industry stakeholders to promote the 2019 edition of Abu Dhabi International Boat Show (ADIBS), preparations for which are currently underway in the UAE capital. ADIBS is the first entity from ...

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• 19 June

  Etihad to launch ‘green season’ flights to Salalah

  

  Abu Dhabi / Emirates Business Etihad Airways is preparing to launch seasonal flights between Abu Dhabi and the beautiful coastal city of Salalah, southern Oman, in time for the region’s unique Khareef, or green season. Salalah is one of the few locations on the Arabian Peninsula that experiences a monsoon season, creating extensive vegetation growth and spectacular waterfalls throughout the ...

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• 19 June

  Expo 2020 pop-up pavilion provides a glimpse of ‘what to expect from event’

  

  Dubai/ WAM Members of the public can now experience a preview of Expo 2020 Dubai at an interactive pop-up pavilion travelling around the UAE, providing a glimpse of what to expect from the region’s first ever World Expo. Visitors can interact with the pop-up pavilion, which is currently near the waterfall at Dubai Mall until July 13. “When you say ...

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• 19 June

  FAB relinquishing QFC licence, closing operations in Qatar

  

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB), notified the Qatar Financial Centre Regulatory Authority, (QFCRA), that it will relinquish its Qatar Financial Centre (QFC), branch licence and permanently close its QFC branch. According to a statement issued by FAB, the decision to close its QFC branch follows “many months of baseless actions by the QFCRA that have made it impossible ...

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• 19 June

  First Russian centre for digital innovations launched in Dubai

  

  Dubai / Emirates Business Dubai Internet City (DIC), the Middle East’s leading technology business community, on Wednesday witnessed the launch of the first Russian Centre for Digital Innovations and Information and Communication Technologies. The centre, facilitated by the Russian Export Centre (REC), is one of the largest and only business support platforms for Russian tech firms outside Russia, and follows ...

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• 19 June

  Apple wants its suppliers to mull major shift from China

  

  Bloomberg Apple Inc has asked its largest suppliers to consider the costs of shifting 15 percent to 30 percent of its output from China to Southeast Asia in a dramatic shake-up of its production chain, the Nikkei reported. The US tech giant asked “major suppliers” to evaluate the feasibility of such a migration, the newspaper cited multiple sources as saying. ...

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• 19 June

  Xiaomi eyes $725m expansion to stave off Huawei in China

  

  Bloomberg Xiaomi Corp aims to spend an additional 5 billion yuan ($725 million) expanding its Chinese retail network over the next three years, anticipating a re-doubled effort by Huawei Technologies Co to grow its domestic market share. The smartphone maker will spend the money on expanding distribution channels and on reward programmes for its partners and sales employees, a person ...

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• 19 June

  Indonesia makes it cheaper to own condos

  

  Bloomberg Indonesia just made it cheaper for buyers to own an expensive house by raising the luxury tax threshold limit. The luxury levy of 20 percent on bungalows or high-rise condos will now apply only to properties valued at 30 billion rupiah ($2.1 million) or more, according to a Finance Ministry notification. The levy previously applied to town houses with ...

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• 19 June

  Hutchison Chi-Med delays Hong Kong listing’s launch

  

  Bloomberg Hutchison China MediTech Ltd, a cancer drug developer backed by billionaire Li Ka-shing, is delaying the launch of its Hong Kong share sale that could raise about $500 million, people with knowledge of the matter said. The company is looking for an appropriate window to kick off the deal amid recent market uncertainties, the people said, asking not to ...

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