May, 2019

• 4 May

  Cyclone Fani hits Bangladesh after killing eight in India

  

  Bloomberg Cyclone Fani barrelled through the eastern parts of India, unleashing heavy rain and prompting authorities in the country and neighbouring Bangladesh to evacuate a total of more than 3.5 million people to shelters. At least eight people were killed as the windstorm swamped towns and villages, the Press Trust of India reported, citing government officials it didn’t name. Dhaka-based ...

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• 4 May

  Noor Bank’s Q1 profit up 8%

  DUBAI / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has announced a net profit of AED217 million in Q1 2019, an increase of eight per cent over the same period last year and 220 per cent on last quarter. The Bank’s top-line revenue also rose by eight per cent during the period under review, ...

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• 4 May

  US to extend waivers tied to Iran nuclear program

  

  Bloomberg The Trump administration will renew several key waivers that allow Iran to keep operating a limited civilian nuclear program, a move that heads off a clash with European allies and Tehran over the fate of a 2015 deal that Trump abandoned last year. The US is extending five waivers the administration had previously granted allowing nations that remain in ...

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• 4 May

  Oil advances on US jobs report

  Bloomberg Oil eked out a gain as a forecast-topping US jobs report signalled a strong domestic economy to go along with the supply disruptions squeezing global crude markets. Futures in New York rose 0.2 percent, after unemployment unexpectedly fell to a 49-year low in world’s biggest econ- omy, with cooler-than-projected wage gains. Crude nonetheless recorded a loss for the week ...

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• 4 May

  Singapore’s Hyflux in talks with Utico to secure $294mn funds

  

  Bloomberg Singapore’s Hyflux Ltd, the water and power company battling for survival, said it is in talks with Middle Eastern utility Utico FZC about securing S$400 million ($294 million) of funds, disclosing the identity of the potential investor after receiving a non-binding letter of intent. Hyflux’s legal and financial advisers are in discussions with Utico on the details of the ...

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• 4 May

  ‘Adnoc academy’ welcomes 300 Emirati students

  Abu Dhabi / Emirates Business The Abu Dhabi National Oil Company (Adnoc) announced on Saturday, that more than 300 young Emiratis have expressed interest in working for the company during Adnoc Technical Academy’s (ATA) 2nd annual ‘Open Day’, where the prospective students and their families learned how ATA’s training program is equipping its students with the skills and tools needed ...

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• 4 May

  Hana Al Awadhi appointed as Emirates Group VP HR

  

  DUBAI / Emirates Business The Emirates Group announced the appointment of Hana Al Awadhi as Vice President HR, overseeing dnata’s HR Business partnership at dnata Airport Operations in Dubai and accross the world. Hana started her career with Emirates in 2006 as a Human Resources Specialist in HR Business Support department, supporting Emirates Airport Services. Since then, she has progressed ...

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• 4 May

  Azure launches waterfront apartments on Reem Island

  

  Abu Dhabi / Emirates Business Masaood Developments LLC part of the leading Abu Dhabi family-operated Al Masaood Group, announced the launch of a game-changing waterfront apartment complex on Al Reem Island, Abu Dhabi. Azure Al Reem introduces the concept of home ownership to a new audience through a unique and flexible ‘easy to own’ affordable payment plan. It will also ...

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• 4 May

  Etihad Rail DB appointed as ‘shadow operator’ for stage two of rail network

  

  Abu Dhabi / Emirates Business Etihad Rail DB, the joint venture company between Etihad Rail, the developer of the UAE’s national railway network and Deutsche Bahn (DB) is set to provide ‘Shadow Operator’ services for Stage Two of the Etihad Rail project. The choice builds on the five years of expertise and Etihad Rail DB’s outstanding success in managing Stage ...

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• 4 May

  Noor Bank, Mastercard launch card for SMEs

  

  Dubai / Emirates Business Noor Bank, one of the UAE’s leading Shari’ah-compliant bank, launched the exclusive SME World debit card in collaboration with Mastercard – a first-of its-kind product for SMEs. Available to Noor Bank’s Link Premium and Link Infinite customers, the card offers a wide range of business services including IT support services, recruitment facilities and access to corporate ...

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