March, 2019

• 31 March

  AED201.4bn of cheques handled in two months

  Abu Dhabi / WAM A total of 2.35 million cheques worth AED201.4 billion were handled by the UAE Clearing Cheque System during first two months of 2019, according to statistics released on Sunday by the Central Bank of United Arab Emirates (CBUAE). The cheques handled during this period account for 19.25% of the total value of cheques handled throughout 2018, ...

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• 31 March

  UAE rejects ‘experts’ report on Yemen

  

  ABU DHABI / WAM UAE Minister of State for Foreign Affairs, Dr Anwar bin Mohammed Gargash, categorically rejected a report by the Group of Eminent International and Regional Experts on Yemen, and urged the Human Rights Council (HRC), to instead refocus on providing support to the Government of Yemen in building institutions to protect human rights in the country. In ...

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• 31 March

  Adnoc achieves key milestone

  

  ABU DHABI / WAM Adnoc Drilling, an Abu Dhabi National Oil Company (Adnoc), subsidiary, on Sunday announced the completion of its first fully ‘integrated drilling services’ well in the Al Dabbyia onshore field, in the Al Dhafra Region of the Abu Dhabi emirate. The well was the first to be drilled in a fully integrated way – delivered to Adnoc ...

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• 31 March

  Next stage of testing at Unit 2 of Barakah N-plant complete

  

  ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), completed the Structural Integrity Test (SIT), and Integrated Leak Rate Test (ILRT), at Unit 2 of the Barakah Nuclear Energy Plant. These significant pre-operational tests incorporated all the lessons learned from the same tests on Unit 1, and represent another major achievement in the testing and commissioning phase of the ...

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• 31 March

  Etihad Guest, ANB launch co-branded credit card in Saudi

  

  Abu Dhabi / Emirates Business Etihad Guest, the loyalty programme of Etihad Airways, and the Saudi-headquartered Arab National Bank (ANB) have partnered to launch an ANB Etihad Guest Signature Visa Card in the Kingdom of Saudi Arabia. Yasser Al Yousuf, Vice President Commercial Partnerships, Etihad Airways said: “At Etihad Guest, we make every effort to cooperate with prestigious companies to ...

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• 31 March

  ADX delegation holds meetings in Jordan

  

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), held meetings with the Amman Stock Exchange, ASE, Jordan Securities Commission, JSC, and representatives of the companies listed on ASE on the sidelines of ADX’s participation in the second Arab Capital Markets Conference in the Jordanian capital, Amman. The ADX delegation held a series of meetings with the ASE to discuss ...

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• 31 March

  ADGM forms strategic cooperation with Hainan Provincial Government

  

  Abu Dhabi / WAM The Abu Dhabi Global Market (ADGM), and the Hainan Provincial Government have announced the signing of a Memorandum of Understanding to further boost the economic and financial collaboration between China and the UAE via Hainan Free Trade Zone and ADGM’s international financial centre and financial free zone. The signing took place on the sidelines of the 2019 ...

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• 31 March

  AED1bn power block to come up at EGA’s Jebel Ali smelter

  

  Dubai / WAM Emirates Global Aluminium (EGA), Mubadala and Dubal Holding on Sunday officially broke ground on a new AED1 billion state-of-the-art power block at EGA’s Jebel Ali smelter in Dubai. EGA is the largest industrial company in the UAE outside oil and gas, and is jointly owned by Mubadala Investment Company and Dubal Holding. The ground-breaking ceremony was held ...

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• 31 March

  Arab Regional Tax Forum opens in Dubai

  

  Dubai / WAM Arab Regional Tax Forum has discussed ways of balancing tax policies, Arab countries’ competitiveness in managing them, as well as the challenges facing these nations in pursuing their tax policies. The two-day forum which opened on Sunday at the Grand Hyatt Hotel in Dubai, is organised by the Ministry of Finance (MoF), and the Arab Monetary Fund ...

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• 31 March

  Eskom’s $2bn plant is defective

  

  Bloomberg One of South Africa’s newest power plants, designed to supply the grid during peak-use periods, is defective and has been limited to operate at lower capacity. The deepest power cuts in more than a decade imposed by cash-strapped, state-owned Eskom Holdings SOC Ltd this month reduced the chances of the continent’s most-industrialised economy posting a stronger recovery from last ...

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