June, 2019

• 2 June

  Abu Dhabi’s economy to grow by 2.5% until 2022

  

  Bloomberg Abu Dhabi’s economic growth will average 2.5 percent in the four years through 2022 as it benefits from higher oil production and prices, S&P Global Ratings estimated. Abu Dhabi’s economy derives 50 percent of its real gross domestic product (GDP) and more than 90 percent of the central government revenue from the hydrocarbon sector, the ratings company said in ...

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• 2 June

  Emirates Foundation’s Ramadan drive clocks in 25k volunteer hours

  ABU DHABI / WAM As part of this year’s Ramadan campaign, 5,000 volunteers of the Emirates Foundation, an independent organisation set up by Government of Emirate of Abu Dhabi to facilitate public-private funded initiatives to improve welfare of youth across the UAE, completed some 25,000 volunteer hours during the Holy Month of Ramadan. This came as part of the Takatof ...

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• 2 June

  Russia oil output declines, meets Opec pact target

  

  Bloomberg Russia’s average daily oil output in May fell below its Opec+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination. The country produced just more than 47 million ton-nes of crude oil and condensate in May, according to preliminary data from the Energy Ministry’s ...

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• 2 June

  Emirates begins A380 service for Amman, Boston

  Dubai / WAM Emirates’ first scheduled A380 services have touched down in Boston and Amman, in response to the increased demand for travel during the peak summer period. Led by the Captain, Arif Al Reyami, and Jordanian First Officer, Laith Saudi, the A380 Amman service was greeted by a traditional water cannon salute. Set in a three-class configuration, the Emirates ...

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• 2 June

  Trump’s tariff pain set to ricochet from China to global economy

  

  Bloomberg President Donald Trump claims China is paying his tariffs; furniture salesman Mack Yuan in the east-coast commercial heartland of Zhejiang begs to differ. “We don’t pay any tariffs,” says Yuan, whose company Dakang Holdings Co sells about half its products to the US, including to Walmart Inc and Costco Wholesale Corp. The impact of Trump’s tariff hike on $200 ...

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• 2 June

  Emirates offers passengers free Uber rides, discounts

  

  Dubai / Emirates Business Emirates has partnered with Uber to offer UAE travellers discounted airport transfers this summer. Emirates Economy Class Flex Plus and Economy Class Flex customers can avail free or discounted airport rides to and from DXB on bookings made starting June 2 until July 31, for travel until August 31. UAE nationals and residents can now plan ...

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• 2 June

  Abu Dhabi plans to host exhibition on aerial photography

  

  ABU DHABI / WAM Manarat Al Saadiyat, part of the Department of Culture and Tourism – Abu Dhabi, has announced its first exhibition of 2019 with the ABOVE: Aerial Photography Exhibition. Organised by the Photography Studio, this exhibition will showcase imagery taken from drones and aircraft, and will feature artists from the UAE, the Middle East and the United States. ...

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• 2 June

  Dubai Municipality restores Deira’s traditional markets

  

  Dubai / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai Municipality announced the completion of a project to revive the traditional markets of Deira and preserve its distinctive architecture. Stemming from the keenness to preserve the nation’s heritage and cultural identity, the ...

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• 2 June

  EAG to fund construction of 30 water wells in Africa

  

  Abu Dhabi / Emirates Business Etihad Aviation Group (EAG) will fund the construction of 30 water wells in three African nations to assist in easing a critical shortage of clean water in remote communities. The initiative was announced by Tony Douglas, Group CEO of Etihad Aviation Group, in support of the ‘Well of Hope’ water security initiative launched during the Holy ...

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• 2 June

  755 families benefit from ‘Sustenance of Tolerance’ initiative in Ras Al Khaimah

  RAS AL KHAIMAH / WAM The ‘Sustenance of Tolerance initiative’, which aims to provide Ramadan foodstuff (Meer) to underprivileged, has benefited 755 families Ras Al Khaimah and its residents during the Holy Month of Ramadan. The initiative was launched by the Dar Al Ber Society’s Branch in the Emirate. Ali Abdullah Al Shehi, Director of Dar Al Ber Branch in ...

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