March, 2019

• 31 March

  Tiffany adds manufacturing jobs to boost its diamond business

  

  Bloomberg Tiffany & Co has quietly added thousands of manufacturing jobs over the past two years as it digs deeper into the diamond business. The jeweller has increased its staff by 2,300 employees since early 2017, about a 19 percent rise in headcount. Nearly all of the new jobs are in Tiffany factories abroad or jewellery manufacturing in the US. ...

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• 31 March

  Sonic brings Red Bull to fast food next month

  Bloomberg Sonic is doubling down on indulgent. The burger chain, squeezed by tough competition from larger rivals including Burger King and McDonald’s Corp, is adding a Red Bull frozen “slushie” to its menu next month, as it seeks to pull in the so-called young males who have remained loyal fast-food customers even as eating habits shift in the US. It’s ...

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• 30 March

  Economy on positive track to deliver UAE Vision 2021: Sultan Al Mansouri

  DUBAI / WAM The UAE gross domestic product (GDP), grew by 1.7 percent in 2018 at constant prices of 2018 as compared to 2017, said Sultan bin Saeed Al Mansouri, Minister of Economy, on Saturday citing preliminary macro-economy indexes issued by the Federal Competitiveness and Statistics Authority (FCSA), for last year. Al Mansouri noted that the improvement in the UAE’s ...

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• 30 March

  UAE committed to robust climate action

  NEW YORK / WAM During his participation in the High-Level Meeting on Climate and Sustainable Development for All, convened by Maria Fernanda Espinosa, President of the United Nations General Assembly in New York, Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, reiterated the country’s green commitment and support for ambitious and innovative global climate action. ...

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• 30 March

  MEA smart city tech spending to hit $2.3b

  

  Dubai / WAM Investments in technologies enabling smart cities in the Middle East and Africa (MEA), region is expected to hit the $2.30 billion mark by 2021 as per the estimates of International Data Corporation. Given that large funding is needed to build smart cities, public-private partnerships (PPPs), are seen as the key force that will help accelerate such undertakings ...

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• 30 March

  India defers retaliatory import tax on US goods

  

  Bloomberg India has extended its deadline to impose retaliatory customs duties on a number of US imports, including almonds and pulses, by a month. In a notification issued by the country’s finance ministry, the government said that the implementation of increased customs duties has been postponed to May 2 from April 1. India has put off imposing retaliatory tariffs a ...

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• 30 March

  Abu Dhabi hosts global forum on agri-technology

  ABU DHABI / WAM The Global Forum for Innovations in Agriculture (GFIA), the leading exhibition and conference on sustainable agricultural solutions, opens on Monday at Abu Dhabi National Exhibition Centre (Adnec). The sixth edition of GFIA, will focus on how Artificial Intelligence (AI) can drive progress in agriculture towards increasing food production and ensuring food security in the Middle East ...

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• 30 March

  DLD inks deals with local, global entities to promote Dubai’s real estate sector

  

  DUBAI / Emirates Business Dubai Land Department (DLD) announced the successful conclusion of the second edition of the Dubai Property Festival (DPF), which took place at the Dubai World Trade Centre, through which it signed four memorandum of understandings (MoUs) with local and international government entities in recognition of its efforts to promote Dubai’s real estate sector and provide ideal ...

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• 30 March

  2,000-year-old tombs, artefacts uncovered in Umm Al Qaiwain

  

  UMM AL QAIWAIN / WAM Further excavations have been carried out at the archaeological site of ed-Dur by the Department of Tourism and Antiquities in Umm Al Qaiwain it has been announced. Alia al-Ghafli, the Director General of the Department, said that discoveries included 15 tombs, settlement remains, bronze statuettes, pottery and jewellery, dating back to the 1st Century AD. ...

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• 30 March

  NBF extends its partnership with Emirates Nature-WWF

  

  FUJAIRAH / WAM National Bank of Fujairah (NBF) PJSC on Saturday announced that it is extending its partnership with Emirates Nature-WWF, the UAE’s representative of the global conservation body (previously the Emirates Wildlife Society), for the fifth consecutive year. The extension of this long-lasting partnership sees NBF reiterate its position as one of the leading financial institutions focused on the ...

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