April, 2019

• 3 April

  Helicopter ride-sharing service comes to Manila

  Bloomberg A new startup may have the answer for cashed-up travellers desperate to beat the gridlock in the mega cities of Southeast Asia: helicopter ride-sharing. Ascent Flights Global Pte is starting the service in the Philippines next week and plans to expand to Thailand, Indonesia and Malaysia by next year. The Singapore-based company lets customers book a seat on a ...

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• 2 April

  WTO says global trade growth loses momentum over tariff war

  

  GENEVA / WAM World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty. World Trade Organisation (WTO) economists expect merchandise trade volume growth to fall to 2.6% in 2019 down from 3.0% in 2018. Trade growth could then rebound to 3.0% ...

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• 2 April

  ADX hits 95% in disclosure compliance

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), announced a 95 percent compliance rate regarding the disclosure of the annual financial statements 2018 of its listed public joint stock companies within the deadline of 90 days from the end of the financial period. According to a statement, 62 out of 65, local and foreign, public listed companies disclosed their ...

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• 2 April

  Abu Dhabi Q4 GDP increases by 12.9%

  

  ABU DHABI / WAM The gross domestic product (GDP), at current prices, for Abu Dhabi, increased by 12.9% in the fourth quarter (Q4) of 2018 compared with the same period in 2017, according to estimates released by Abu Dhabi Statistics Centre (SCAD). In 2018, SCAD estimated the GDP, at current prices, grew by 14.5% to AED931.2 billion from AED813.6 billion ...

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• 2 April

  Oil advances as Opec curbs stoke optimism

  

  Bloomberg Crude advanced for a third day after a further reduction in supply from Opec signaled that global markets are tightening. Futures added as much as 1.3% to the highest level since November in New York on Tuesday. Declines in Opec production are stoking optimism among investors as Saudi Arabia pressed on with output curbs and as power blackouts in ...

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• 2 April

  UAE tolerance model becoming a ‘global movement’ for good

  ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, has hinted at the UAE’s model of tolerance becoming a “global movement” for good, saying that the model has the potential to transcend national borders. He believes that the UAE provides the perfect breeding ground for the cultivation of tolerance, adding that the ‘Year of Tolerance’ will ...

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• 2 April

  Programme to support Emirati films launched

  Abu Dhabi / WAM As part of its strategic objective to support to the cinema and film industry in the UAE, the National Media Council (NMC), launched the National Programme for Supporting Emirati films. The programme was launched during a ceremony the NMC hosted on Tuesday at the Etihad Museum in Dubai to sign a set of agreements with the film ...

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• 2 April

  Khidmah awarded 7 contracts across UAE

  

  Abu Dhabi / WAM Khidmah announced its obtaining seven new contracts spanning the emirates of Abu Dhabi, Dubai and Umm Al Qaiwain. According to a press statement by the Abu Dhabi-based facilities management company, the scope of the contracts will apply Khidmah’s customised “customer centric approach” to facilities management delivery. Commenting on the announcement, Khidmah Executive Director Stephen Fenn said, ...

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• 2 April

  Dewa highlights its key projects to Dutch firms

  Dubai / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa) showcased the authority’s most important development projects and strategic initiatives to a visiting high-level delegation from leading Dutch energy and water companies, in Dubai. He welcomed the delegation headed by Ahmed Aboutaleb, Mayor of Rotterdam in The Netherlands, and Hans Sandee, Consul-General ...

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• 2 April

  UAE a strategic global humanitarian aid partner

  

  Dubai / WAM A World Food Programme (WFP), official has praised the UAE’s contributions and emergency response assistance to humanitarian crises across the world. In an interview with the Emirates News Agency, (WAM), Mageed Yahia, WFP Country Director and GCC Region Representative, said that the UAE Government readily supports the WFP with necessary assistance and logistics to support individuals affected ...

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