June, 2019

• 30 June

  Forever 21 officials approach landlords about possible sale

  

  Bloomberg A small faction of officials at Forever 21 Inc has asked its biggest landlords if they’d consider taking a stake in the clothing retailer, as the company’s leadership battles internally about how to turn around the struggling store chain. The group, which didn’t have the backing of the company’s co-founder, talked to Simon Property Group Inc and Brookfield Property ...

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• 29 June

  Trump, Xi declare trade truce, agree to resume negotiations

  

  Bloomberg The US and China declared a truce in their trade war on Saturday, as Donald Trump said he would hold off imposing an additional $300 billion in tariffs and the world’s two largest economies agreed to resume negotiations. After a high-stakes meeting with Chinese President Xi Jinping, Trump told reporters that he also would delay restrictions against Huawei Technologies ...

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• 29 June

  Dewa unveils AED2.2b plan for 5 new 400kV substations

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) unveiled its plans to build 5 new 400 kilovolt (kV) substations over the next three years, with an allocated budget of AED2.2 billion. The five substations will be added to the total number of existing 22 stations. Dewa is working in adherence with its strategy to increase the efficiency of electricity ...

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• 29 June

  UAE-Belarus deal to boost education ties

  MINSK / WAM The UAE and Belarus signed a memorandum of understanding on cooperation in education in Minsk, reported Belarusian Telegraph Agency (BelTA). The document was signed by Belarus Education Minister Igor Karp-enko and UAE Minister of Education Hussain Al Hammadi. “The memorandum creates foundations for mutually beneficial cooperation between countries. We welcome ties between institutions of education, for example, ...

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• 29 June

  Russia, Saudi to extend oil cuts for as long as 9 months: Putin

  

  Bloomberg Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed bin Salman to extend the Opec+ agreement at current production levels for the rest of this year and potentially into early 2020. Speaking at the Group of 20 summit in Japan, the Russian president said the extension of output cuts — which expire at the end of ...

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• 29 June

  We invite world to discuss future during Expo 2020

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai directed to launch the next edition of the World Government Summit at Expo 2020 Dubai on November 22-25, 2020. The ‘World Government Summit- Expo 2020’ will be the biggest gathering yet since its inception with an expected ...

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• 29 June

  UAE, India discuss legal framework for bilateral investment protection

  

  NEW DELHI / WAM Continuing the intense interaction between the UAE and India’s new government, the UAE’s Ambassador in New Delhi, Dr Ahmed Al Banna, met Indian Finance Minister Nirmala Sitharaman. Discussions between the Ambassador and the Indian minister covered issues such as the legal framework for bilateral investment protection and the need to avoid double taxation between the UAE ...

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• 29 June

  Abu Dhabi climate meet kicks off today

  

  ABU DHABI / WAM More than 1,000 world-renowned political figures and climate action experts are attending the Abu Dhabi Climate Meeting (ADCM), which begins on Sunday in Abu Dhabi. Hosted by the UAE in collaboration with the United Nations, the high-level meeting serves as a precursor to the UN Climate Action Summit in New York in September 2019 and aims ...

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• 29 June

  90% of Dubai limousine fleet to go green by 2026

  

  DUBAI / WAM The Board of Executive Directors of Roads and Transport Authority (RTA), endorsed an initiative to transform 90 percent of limousines operating in Dubai into environmental-friendly vehicles, hybrid/electric, by 2026. The initiative is the first of its kind worldwide in the semi-total conversion of the limousine fleet into green vehicles. According to the plan, which runs for seven ...

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• 29 June

  Enas receives international recognition from ILAC

  ABU DHABI / WAM The Emirates National Accreditation System (Enas), in the Emirates Authority for Standardisation and Metrology (Esma), received international recognition from International Laboratory Accreditation Cooperation (ILAC). All certificates of accreditation issued by the UAE national accreditation system for testing laboratories and calibration laboratories in the UAE are recognised worldwide. The UAE National Accreditation System for the Multilateral International ...

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