March, 2019

• 18 March

  Opec, allies affirm commitment to oil cuts, defer decision to extend

  

  Bloomberg Saudi Arabia led fellow members of the Opec+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the United Arab Emirates, agreed to go beyond their pledged supply curbs ...

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• 18 March

  Thumbay Hospital’s Tolerance Walkathon witness huge crowds

  

  Dubai / Emirates Business Huge crowds thronged Thumbay Hosiptal – Dubai to take part in the ‘Walk for the Tolerance Walkathon’ organised by the hospital. Around 1600 people from all walks of life belonging to different nationalities and age groups marched in celebration of the UAE’s observance of 2019 as the Year of Tolerance, in line with the founding ethos ...

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• 18 March

  Bee’ah launches high-tech water treatment plant

  Sharjah / WAM Bee’ah, an environmental management company, has launched a new high-tech, Industrial Waste Water Treatment Plant (IWWTP), in Sharjah. The new plant at the company’s Waste Management Centre in Al Saj’ah, signifies a new milestone in the country’s zero-waste journey, and will be one of the UAE’s first dedicated full cycle treatment facilities for industrial and oil-contaminated wastewater. The ...

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• 18 March

  Reigniting civilisations starts with giving, says Mohammed

  

  Dubai / WAM On the launch of the third round of Arab Hope Makers initiative, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that “every person has a capacity to give and a talent to invest in serving societies.” He added, “Water drops make a river, and reigniting ...

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• 18 March

  NBF OKs 20% dividend

  

  FUJAIRAH / WAM The National Bank of Fujairah (NBF), held its Annual General Assembly Meeting on Monday, where shareholders approved the distribution of profits of 20 percent of paid-up capital. This took the form of cash dividends of 7.5 percent (AED 23.3 million) and bonus shares of 12.5 percent (AED205.6 million) of paid-up capital. The bank’s shareholders also approved the ...

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• 18 March

  Sharjah’s Real Estate Investment Exhibition commences today

  

  SHARJAH / WAM The 6th edition of the Real Estate Investment Exhibition, ACRES 2019, will kick off on Tuesday until March 21, under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah. ACRES 2019, which will be held at Expo Sharjah, will be witnessing the participation of a large ...

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• 18 March

  LuLu launches British food festival in UAE

  

  Abu Dhabi / Emirates Business LuLu, the largest hypermarket chain in the region, launched its annual British food festival “Food is Great Britain: Truly British, Truly Delicious”. The week-long fest highlights a wide variety of food products imported from the UK, which is available at great discounts from March 18 to 26. The launch event was inaugurated by H.E Patrick ...

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• 18 March

  Sheikh Abdullah launches ‘Zayed Tolerance Pledge’

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Supreme National Committee for Tolerance, has launched the Zayed Tolerance Pledge campaign which aims to consolidate the values of tolerance and coexistence established by the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. On his ...

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• 18 March

  UAE provides aid worth AED10m to Venezuelan refugees in Colombia

  

  Abu Dhabi / WAM The United Arab Emirates, represented by the Emirates Red Crescent (ERC), provided emergency humanitarian assistance worth AED10 million to Venezuelan refugees in Colombia, including 75,000 food parcels, medical supplies, and medicines benefiting 375,000 refugees. The move follows the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

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• 18 March

  UAE ranks 8th on Positivity Index of Nations

  

  Dubai / WAM The UAE ranked 8th on the Positivity Index of Nations, an annual global report published by the Positive Economy Institute since 2013, which measures positive economy indicators in OECD member countries. The UAE, which is being included in the Index as a non-OECD country for the first time since its creation, outperformed 27 out of the 34 ...

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