April, 2019

• 28 April

  US investigates whistleblower complaints about Boeing 737 Max

  Bloomberg US aviation and congressional officials are investigating allegations by about a dozen whistleblowers that there are safety issues with Boeing Co’s 737 Max aircraft, the Wall Street Journal reported, citing unidentified government employees familiar with the matter. Some of the claims relate to the design of a suspect flight-control feature or operation of specific sensors that are key to ...

  Read More »
• 27 April

  Qatar withdraws measures established against UAE

  GENEVA / WAM Qatar has decided to withdraw its measures against the UAE in a significant concession aimed at averting the consequences of the UAE’s case in WTO against an illegal Qatari ban on UAE goods and services. During a session of the Dispute Settlement Body (DSB) of the WTO, on Saturday, to examine the UAE’s request to set up ...

  Read More »
• 27 April

  Oil bulls on longest run in 13 years amid supply woes

  

  Bloomberg Oil is on its longest bull run in 13 years. Hedge funds have increased bullish sentiment on US crude prices for the last nine weeks, the longest such run since 2006, according to data. Almost 14 times as many bets have been placed on prices going up as on a decline, as investors see supply threats multiplying around the ...

  Read More »
• 27 April

  UAE-UK non-oil foreign trade hit AED42.69 billion in 2018

  

  London / WAM The volume of foreign trade in non-oil goods between the UAE and the UK was estimated at approximately 9 billion pounds (AED 42.69 billion) in 2018, recording a growth rate of 10 percent over the previous year, according to a senior UAE official. Mohammed Bin Abdul Aziz Al Shehhi, Undersecretary of Economic Affairs in the Ministry of ...

  Read More »
• 27 April

  Arab Bank Group profit up 5.2%

  Emirates Business Arab Bank Group announced its results for first quarter of 2019 reporting 5.2% growth in net profit after tax of $231.8 million as compared to $220.3 million in 2018, with net income before tax increasing by 9.1% to reach $312.8 million. Group equity stood at $ 8.5 billion, while loans increased to $25.8 billion and deposits to $33.7 ...

  Read More »
• 27 April

  Shbib projects her sales to grow by 30% every year

  Dubai / Emirates Business After gaining a comfortable foothold in the French market High fashion label Sakina Paris has projected her sales to grow by 30 percent every year. It can be seen that a large part of the multibillion dollar Middle East fashion market is dominated by the international brands mostly from the countries like USA, UK, France and ...

  Read More »
• 27 April

  India Gate joins forces to feed millions of less fortunate people

  

  Dubai / Emirates Business India Gate, a KRBL Group flagship brand, a benchmark in quality food standards and world’s largest miller of rice joined forces with a Dubai based integrated communications agency, The Classic Partnership, a division of VMLY&R Group to launch the #IndiaDegaAashirvad, an initiative that aims to feed millions of less fortunate people. In most Indian weddings, rice ...

  Read More »
• 27 April

  FNC hosts lecture in  Sharjah to promote political awareness

  SHARJAH / WAM The Ministry of State for Federal National Council Affairs (MFNCA), organised a lecture titled “The Culture of Political Participation and the Federal National Council” in collaboration with the Districts and Villages Affairs Department in Sharjah. The Mughaider Council in Sharjah hosted the lecture which was attended by Abdulrahman bin Kamel Al Shamsi, Chairman of the council, along ...

  Read More »
• 27 April

  Sheikha Fatima receives special edition of the ‘Sheikh Zayed Trilogy’

  ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), received on Saturday a special edition of the ‘Sheikh Zayed Trilogy’, a collection of children’s books which commemorates the life and childhood stories of the Founding ...

  Read More »
• 27 April

  Dafza inks deal to drive growth within Islamic economy

  

  Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) has signed a Memorandum of understanding (MoU) with the Malaysian Penang International Halal Hub (PIHH), to establish a framework of cooperation between the two sides. The agreement will provide the Halal Trade and Marketing Centre (HTMC) with a range of world-class services, supporting companies and businessmen locally, regionally and globally. The ...

  Read More »