March, 2019

• 17 March

  Zurich, Aena bid high to win Brazil airport auction

  Bloomberg Flughafen Zurich AG and Aena SME won concessions to operate airports in Brazil in an auction. The tender was seen as a test of investors’ appetite towards President Jair Bolsonaro’s market-friendly agenda that includes a massive privatisation plan. Bids for the three regional blocks came in well above the initial ask, and the government will collect fees of some ...

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• 17 March

  Carrefour lures West Africans from markets to malls

  

  Bloomberg Battered minibus taxis snake the perimeter of Ivory Coast’s latest shopping hotspot, a brand new mall in a sprawling Abidjan suburb that shows how grocers like France’s Carrefour SA are turning their attention to lower-income African customers. The parking lot reserved for car owners lies empty, contrasting with the throng of shoppers inside the crowded $30 million Cosmos Mall, ...

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• 17 March

  Amazon to close 87 US pop-up electronics stores

  Bloomberg Amazon.com Inc. is ending its experiment with electronics-focussed pop-up stores, shuttering 87 kiosks located inside shopping malls, Whole Foods Market locations and Kohl’s stores around the US. “After much review, we came to the decision to discontinue our pop-up kiosk program,” an Amazon spokeswoman said. The closings are expected to be completed by the end of April, the Wall ...

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• 16 March

  UAE ranked as global leader in fibre optic network penetration

  

  ABU DHABI / WAM The UAE is ranked number one for the highest fibre to the home (FTTH) penetration among all its global counterparts for a third year in a row, according to the leading industry body FTTH Council. The council published its annual report that showcases the countries with the highest fibre optic network penetration globally. The report highlighted ...

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• 16 March

  UAE start-ups account for 88% regional deal value

  

  DUBAI / Emirates Business UAE start-ups secured $31.36 million in investments which account for 88 percent of the whole deal value of the region. Local services, e-commerce & financial services are the top three industries accounting for 44 percent of the entire deal count. In addition, logistics (9.3 percent), software (7.1 percent), media (4.6 percent), education (4.6 percent) and transportation ...

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• 16 March

  Oil nears 4-month high on Opec commitment to cuts

  

  Bloomberg Oil gained for a second straight week as Opec assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend. Futures advanced 4.4 percent in New York and settled just pennies off a four-month high. Opec self discipline and a surprise reduction in US crude inventories signalled tightening supplies, but concern that ...

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• 16 March

  Seminar to enhance UAE-Spain investment ties held

  

  Sharjah / Emirates Business The Sharjah FDI Office (Invest in Sharjah) concluded the emirate’s first-ever Sharjah-Barcelona Business Seminar, engaging with more 150 Spanish investors and senior officers at the Spanish city of Barcelona, in a bid to enhance Emirati–Spanish relations in trade and investment. The seminar was focused on exploring new investment opportunities in education and healthcare, and other sectors ...

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• 16 March

  UAE, Mexico discuss ways to promote tolerance

  Mexico / WAM Ahmed bin Mohammed Al-Jarwan, President of the Global Council for Tolerance and Peace, has met with Olga Sanchez Cordero, Mexican Interior Minister, and discussed ways to build bridges of cooperation between the Council and vital sectors in Mexico, including the government sector. The meeting, which was attended by Ahmed Hatem Al Minhali, UAE Ambassador to Mexico, and ...

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• 16 March

  Saif unveils initiative to enhance children’s safety

  Abu Dhabi / WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, asserted that the UAE under the wise leadership is adamant in its efforts to enhance digital life safety and protect citizens from online threats. The focus of the National Agenda for Wellbeing on the quality of digital life ...

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• 16 March

  UAE, Brazil ink slew of deals, MoUs to boost bilateral ties

  

  BRASILIA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Ernesto Araujo, Brazilian Minister of Foreign Affairs on Saturday. HH Sheikh Abdullah lauded the growing ties between the UAE and Brazil, thanks to the unlimited support of their leadership, and the two countries’ keenness to develop cooperation in all fields. Ernesto Araujo ...

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