May, 2019

• 6 May

  Adidas soars to record as China, e-commerce bring relief

  

  Bloomberg Adidas AG shares soared to a record as the German sportswear giant tapped the marketing power of soccer star Lionel Messi and celebrities like Kanye West to boost sales in China, extending its half-decade hot streak. The German sports apparel maker benefited from double-digit growth in the Asian nation in the first quarter, compensating for weakness in Europe and ...

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• 5 May

  Emaar Properties sales soar 53% to AED5.98bn in Q1

  

  DUBAI / Emirates Business Emaar Properties achieved one of the highest quarterly property sales in Dubai during the first quarter (January to March) of 2019 recording an increase of 53 percent to AED5.979 billion ($1.628 billion) compared to the Q1 2018 sales of AED3.906 billion ($1.063 billion). The sales to international customers more than doubled in Q1 2019 to AED2.645 ...

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• 5 May

  Air Arabia posts 16% rise in Q1 net profit

  

  Sharjah / Emirates Business Air Arabia on Sunday reported strong financial results for the first quarter (January to March) 2019 as the Middle East & North Africa’s first and largest low-cost carrier continued to deliver solid commercial and operational results. Air Arabia reported a net profit of AED128 million for the three months ending March 31, 2019, a 16 percent ...

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• 5 May

  Etihad to increase services to London Heathrow airport

  ABU DHABI / WAM Etihad Airways will boost its services from Abu Dhabi to London Heathrow during the busy summer period. The additional flights will be operated by a Boeing 787-9 Dreamliner, supplementing the current three daily all-Airbus A380 services between both capital cities. Between May 26 and June 22, four daily flights will be operated on the route, increasing ...

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• 5 May

  Tariffs on $200bn of Chinese goods to rise to 25%: Trump

  

  Bloomberg Tariffs on $200 billion of Chinese imports will increase to 25 percent from 10 percent on Friday, and another $325 billion in goods will “shortly” be subject to tariffs, President Donald Trump said on Sunday, in a warning to China as what could be a closing round of talks for a trade deal are set to start in Washington ...

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• 5 May

  Abu Dhabi’s non-oil foreign merchandise trade up 11.5%

  

  ABU DHABI / WAM The value of non-oil foreign merchandise trade through Abu Dhabi ports increased 11.5 percent from AED32.1 billion in January to February 2018 to AED35.8 billion in the same period of 2019. This was the result of a 47.0 percent increase in re-exports from AED 6.0 billion to AED 8.8 billion and 5.6 percent increase in imports, ...

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• 5 May

  Ramadan to begin on Monday, UAE leaders send greetings

  ABU DHABI / WAM The UAE’s moon sighting committee on Sunday announced that Monday, May 6, will be the first day of the Holy Month of Ramadan. President HH Sheikh Khalifa bin Zayed Al Nahyan, has sent cables of congratulations on the advent of the holy month of Ramadan to Kings, Presidents and Emirs of the Arab and Islamic countries. ...

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• 5 May

  UAE highlights its food security successes in US

  DUBAI / WAM The UAE’s drive to ensure food security for its citizens was highlighted in the USA, when Mariam Hareb Almheiri, Minister of State for Food Security, visited the states of California and Arizona. Accompanied by Yousef Al Otaiba, UAE Ambassador to the United States, the trip formed part of the minister’s agenda to find out more about international ...

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• 5 May

  UAE Ramadan campaign to assist 2.5mn Yemenis

  ADEN / WAM The UAE has launched its Ramadan campaign in Yemen, which will include a package of charity and humanitarian initiatives that will benefit over 2.5 million people, including 1.5 million children and 500,000 women. The Director of UAE Humanitarian Operations in Yemen said that the campaign is the latest in a series of charity, humanitarian and development initiatives ...

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• 5 May

  Dubai Investments Q1 profit hits AED202mn

  DUBAI / WAM Dubai Investments has announced net profit of AED202 million in the first quarter of 2019, compared to AED362 million for the same period last year. Profit for the quarter ended March 31, 2018 included an overall gain of AED333 million on acquisition of stake in Emirates District Cooling, Emicool. Total assets increased to AED20.11 billion, compared to ...

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