May, 2019

• 14 May

  Interest in off-plan projects near Expo 2020 site soars

  

  Dubai / Emirates Business A report from Bayut revealed that the off-plan developments near Dubai’s Expo 2020 site have been garnering a high amount of interest from investors. According to the searches conducted on Bayut, Dubai South, Meydan City, Mudon and Town Square are some of the areas that prospective buyers and tenants are most interested in. Besides the attractive ...

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• 14 May

  UAE, Saudi sign AEO pact

  

  ABU DHABI / WAM The UAE and Saudi Arabia signed an authorised economic operator (AEO), agreement. The agreement aims to improve the customs cooperation between the two countries and facilitate trade, in implementation of the outcomes of the Al Azm Retreat, approved by the Saudi-Emirati Coordination Council. The agreement was signed in Riyadh by Ali Saeed Mattar Al Niyadi, Customs ...

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• 14 May

  Zayed’s role in developing agri sector showcased in Beijing

  

  BEIJING / WAM The UAE pavilion at the Beijing International Horticultural Exhibition, Horticultural Expo 2019, managed by the National Media Council (NMC), is showcasing the country’s civilisation and the legacy of the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. The event, under the theme ‘Greening the Desert,’ is open to the public until October 7 under the ...

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• 14 May

  20,000 Sudanese benefited from UAE’s food assistance

  KHARTOUM / WAM The UAE Embassy in Sudan has distributed more than 100 tonnes of foodstuffs to some 20,000 people across the various cities of Kassala province, as part of the assistance provided by HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, wife of the Crown Prince of Fujairah. The humanitarian aid was distributed by the Emirates Red Crescent ...

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• 14 May

  Abu Dhabi, Korea ink deal to boost agricultural research

  

  Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), and the Korea Rural Development Administration (KRDA), on Tuesday, signed a Memorandum of Understanding (MoU), to strengthen cooperation in agricultural research and modern technology, for the agricultural sector in Abu Dhabi. The MoU aims at securing a sustainable foundation for future agricultural research in response to climate change, ...

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• 14 May

  Mohamed receives Emir of Kuwait’s call

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a telephone call from His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait, who condemned the sabotage acts carried out against four oil tankers near UAE territorial waters on Sunday. During the ...

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• 14 May

  Mohamed bin Zayed Iftar Campaign in Morocco to benefit 65,000 families

  

  Rabat / WAM The ‘His Highness Sheikh Mohamed bin Zayed Iftar Campaign 2019’ has launched in Morocco. Over 150 Moroccan charitable associations will take part in the campaign, to assist some 65,000 underprivileged families across the country. The campaign will be carried out in three phases across the Holy Month of Ramadan. The first phase will help over 30,000 families ...

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• 14 May

  Nissan reaches ‘rock bottom’ on dividend cut, decade-low profit

  

  Bloomberg Nissan Motor Co predicted annual operating profit below even the most pessimistic analyst’s estimate and cut its dividend for the first time in a decade, giving partner Renault SA a potential opening to push for greater control over their automaking alliance. Hurt by slumping US sales, aging vehicle models and an out-of-sync product cycle, the Japanese automaker issued an ...

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• 14 May

  Tesla car catches fire in Hong Kong parking lot

  

  Bloomberg A Tesla Inc electric vehicle suddenly caught fire in a Hong Kong parking lot, the Hong Kong Economic Times said, less than a month after a similar case was reported in Shanghai. The Tesla Model S had been been parked in San Po Kong Plaza for about half an hour before the battery started to emit smoke and flames ...

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• 14 May

  Thailand seeks $1.7b from 5G licenses sale

  Bloomberg Thailand plans to sell three 700 megahertz spectrum licenses for a total of about $1.7 billion as part of an effort to develop fifth-generation wireless services. The sale at a fixed price of 17.6 billion baht each will take place on June 19, Takorn Tantasith, the secretary general of the National Broadcasting & Telecommunications Commission, said in Bangkok. The ...

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