June, 2019

• 17 June

  Oppo to expand in Mideast with Lulu partnership deal

  

  Dubai / Emirates Business Oppo — a leading global smartphone brand — is extending its presence in the region with the announcement of new distributors for its smartphones, including UAE’s Lulu Hypermarket, one of the biggest organised retailers across GCC. The new partnership with Lulu in the UAE marks the beginning of a relationship that will evolve to cover the ...

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• 16 June

  UAE fund buys AED2.3b stake in du holding

  

  Bloomberg The United Arab Emirates’ sovereign wealth fund boosted its stake in Dubai-based telecom operator du, snapping up a stake valued at about $630 million (AED2.3 billion). The Emirates Investment Authority bought 463.3 million shares in the phone company from Mamoura Diversified Global Holding and General Investments in a special deal, according to a statement. It represented about 10.2 percent ...

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• 16 June

  UAE, Uzbekistan review bolstering economic ties

  

  SHARJAH / WAM Abdullah Sultan Al Owais, Chairman of Sharjah Chamber of Commerce and Industry, met with Alisher Selmov, Consul-General of Uzbekistan in Dubai, and explored ways of enhancing mutual cooperation for the benefit of both sides. During the meeting, Al Owais briefed the guest on the chamber and its missions in trade and economic relations with friendly countries. He ...

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• 16 June

  Saudi hopes to extend Opec production cuts by early July

  

  Bloomberg Saudi Arabia hopes Opec and its allies will agree to extend oil production cuts into the second half of the year at a meeting that will probably take place in the first week of July, according to the country’s energy minister. “We are hoping that we will reach consensus to extend our agreement when we meet in two weeks ...

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• 16 June

  DFM roadshow in New York attracts 21 new institutions

  

  Dubai / WAM The Dubai Financial Market (DFM), International Investors Roadshow in New York 2019 has witnessed significant participation from international investment institutions. The roadshow enabled listed companies to hold 81 one-on-one meetings with senior representatives of 35 international institutions, managing approximately $3.2 trillion in assets. The roadshow was organised last week, in conjunction with the Global Emerging Markets Investor ...

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• 16 June

  du launches 5G mobile devices in UAE

  Dubai / Emirates Business Next generation connectivity is one step closer for du, from Emirates Integrated Telecommunications Company (EITC), customers with the announcement that the telco is the first to launch 5G-enabled devices in the UAE. Customers will also be able to enjoy du’s 5G network without any additional charges to their existing postpaid plans. du has started selling the ...

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• 16 June

  Abu Dhabi gears up for 26th PIARC World Road Congress

  

  Abu Dhabi / WAM A record number of exhibitors are expected to showcase the latest transport, road and planning innovations at the 26th PIARC World Road Congress in Abu Dhabi from October 6-10, at the Abu Dhabi National Exhibition Centre (Adnec). Organised by Abu Dhabi Department of Transport and the World Road Association (PIARC), around 5,000 road transport professionals, a ...

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• 16 June

  Ajman Digital Government launches ‘Open Data Project’

  Ajman / WAM The Ajman Digital Government launched the “Open Data Project,” in cooperation with local government departments. The project, which encourages the community and non-governmental sectors to help meet the goals of Ajman Vision 2021, includes over 90 data categories available on the Ajman website (ajman.ae), such as commercial activities, transportation, infrastructure, commerce, industry, laws, tourism, economy and money. ...

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• 16 June

  EGA records AED20.8mn in savings in H1

  

  DUBAI / WAM Emirates Global Aluminium (EGA), on Sunday announced that it achieved cost savings of AED20.8 million through its suggestion scheme during the first half of 2019. Since January 2019, EGA employees have put forward over 14,000 ideas to reduce costs and improve processes at worksites. The company also launched a campaign during the Holy Month of Ramadan that ...

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• 16 June

  Food aid convoy reaches Yemen’s Ad Duraihimi

  

  AD DURAIHIMI / WAM The UAE on Sunday dispatched a food aid convoy to several villages in Ad Duraihimi District along Yemen’s Red Sea Coast, as part of its ongoing support for the Yemeni people. An ERC representative in the Red Sea Coast said that the aid included 2,000 food parcels, which were distributed in the villages of Glefqa, Kadhaf, ...

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