April, 2019

• 8 April

  737 Max recall sought as Boeing woes worsen

  

  Bloomberg Just hours after Ethiopia demanded Boeing Co fix flight controls blamed for the crash of a 737 Max 8 jet last month, the parents of an American victim sued the company, and her grand-uncle, consumer advocate Ralph Nader, called for a boycott and recall of the plane. The flurry of new legal woes came as Boeing Chief Executive Officer ...

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• 7 April

  UAE first globally to sign on WEF’s ‘Scale 360’ initiative

  ABU DHABI / WAM The UAE government, in cooperation with the World Economic Forum (WEF) on the Middle East and North Africa (Mena), has become first signatory to the ‘Scale 360’ initiative, which aims at moving towards a more circular economy while using less natural resources and reducing pollution to tackle climate change. This step reaffirms the UAE’s position as ...

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• 7 April

  Emirates Islamic unveils WhatsApp banking services

  

  Dubai / Emirates Business Emirates Islamic announced the launch of chat banking services for customers via WhatsApp, marking a global first in the Islamic banking sector. The bank’s customers will now able to conduct daily banking activities via WhatsApp in a seamless and hassle-free manner. The Chat Banking solution, supported by Infobip, further enhances Emirates Islamic’s suite of digital banking ...

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• 7 April

  Dubai’s FDI soars 41% to AED38.5bn in 2018

  

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has expressed his happiness at Dubai’s number one ranking globally among the ‘Top FDI Performers 2018’ and termed the achievement “a precursor to Dubai’s future achievements.” Sheikh Hamdan said, “We are proud to announce the latest results of ...

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• 7 April

  Etihad Airways to seek $600m loan for planes

  

  Bloomberg Etihad Airways PJSC is seeking a loan of about $600 million to help make initial payments for planes, according to people familiar with the matter. Abu Dhabi’s state-owned carrier is arranging the loan on its own and has reached out to banks that may be willing to provide the unsecured facility with maturity of one or two years, said ...

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• 7 April

  Dubai Islamic Bank mulls Noor Bank’s acquisition

  Bloomberg Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest Islamic lender, is considering buying Noor Bank PJSC, people with knowledge of the talks said. The bank has held preliminary discussions with Dubai-based Noor Bank’s shareho- lders, said the people, asking not to be identified because the information is private. Discussions are at an early stage and may not lead ...

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• 7 April

  ADFD financed healthcare projects worth AED4.1bn

  

  ABU DHABI / WAM Since 1971 until December 2018, the Abu Dhabi Fund for Development (ADFD), has financed 78 healthcare projects in 16 countries with a total value of AED4.1 billion. The Fund’s interest in healthcare projects reflects its keenness to support international efforts aimed at achieving the UN’s Sustainable Development Goals, directly contributing to Goal Three – Good Health ...

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• 7 April

  DGCX’s Spot Gold gets Shari’ah certification

  

  DUBAI / WAM The Dubai Gold and Commodities Exchange (DGCX), received a new Shari’ah certification for its Shari’ah Compliant Spot Gold contract (DGSG). The Shari’ah Pronouncement (Fatwa), was issued by Minhaj Advisory, a leading Dubai-based Islamic advisory firm, and determined that DGSG meets all the necessary Shari’ah requirements in line with Islamic rules and principles. The DGCX, with the support ...

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• 7 April

  AED97 million project to reduce traffic congestion on Sheikh Zayed Road

  

  ABU DHABI / WAM Abu Dhabi General Services Company, Musanada, has started construction work of Sheikh Zayed bin Sultan Road (Eastern Mangroves Road) traffic improvements project for an estimated cost of AED97 million. In this regard, all basic works and preparations for this purpose have been completed, indicating that the company is currently engaged in transferring intervening utility lines and ...

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• 7 April

  AIM Startup, Future Cities Show begins today

  

  DUBAI / WAM Dubai is all geared up for the opening of two landmark events that will convene top government leaders, investors, and industry experts from across the globe for three days to separately discuss the important role of startups and cities of the future in a nation’s sustainable socio-economic development and growth. AIM Startup and Future Cities Show, both ...

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