March, 2019

• 6 March

  US trade gap soars to 10-year high at $621bn

  

  Bloomberg The US trade deficit widened in 2018 to a 10- year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports. The annual deficit in goods and services increased by $68.8 billion, or 12.5 percent, Commerce Department data showed ...

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• 6 March

  Lulu unveils organic healthy food festival

  

  Abu Dhabi / Emirates Business LuLu, the largest hypermarket chain in the Middle East, unveiled its Organic & Healthy food festival, which was inaugurated at LuLu Hypermarket at The Mall at World Trade Center, Abu Dhabi. As the health-conscious customer base in the country continues to increase, the week-long promotion features great deals and offers on healthy selection available across ...

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• 6 March

  Malabar Gold introduces specially designed Mother’s Day pendants

  

  Dubai / Emirates Business Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of 250 outlets spread across 10 countries launched a special collection of diamond and 18K gold jewellery as a glittering tribute to the unspoken love of a mother. Arab Mother’s Day is celebrated on March 21 every year to honour ...

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• 6 March

  UAE launches plan to conserve fish stocks

  

  Abu Dhabi / WAM In a sweeping effort to protect marine resources, the Ministry of Climate Change and Environment, and the Environment Agency – Abu Dhabi, on Wednesday unveiled the UAE National Framework for Sustainable Fisheries 2019-2030, building on the recently completed UAE Sustainable Fisheries Programme (2014-2018). The strategic action plan – slated for execution by 2030 – seeks to ...

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• 6 March

  Nasdaq Dubai lists $750mn EDB bond

  Dubai / WAM Nasdaq Dubai welcomed the listing on Wednesday of a $750 million conventional bond by Emirates Development Bank (EDB). It is the first product to be listed on the exchange by the bank, which is wholly owned by the UAE government. The listing supports EDB’s mission which includes contributing to the economic prosperity of UAE nationals by providing ...

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• 6 March

  UAE Government launches ‘Think AI’ initiative: Al Olama

  DUBAI / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, highlighted the active role the UAE government is taking to realise the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, towards accelerating the adoption of artificial intelligence (AI), and its uses in ...

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• 6 March

  Dubai SME signs deal to help country’s SMEs grow globally

  

  DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED), in Dubai mandated to develop the Small and Medium-sized Enterprise (SMEs), sector, has signed a Memorandum of Understanding (MoU), with Emaar Industries & Investments, to co-operate and collaborate in assisting local SMEs to be part of innovative projects and grow internationally. The MoU is part of ...

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• 6 March

  Dewa, JBIC discuss ways to develop cooperation

  

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), received a high-profile delegation from Japan Bank for International Cooperation (JBIC), to discuss cooperation through joint initiatives, programmes, projects, and investment opportunities. The Japeanese delegation included Nobumitsu Hayashi, Deputy Governor of JBIC, and Naoki Tamaki, Chief Representative for the Middle East from the ...

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• 6 March

  AMF to explore reality and future of Arab media

  

  Dubai / WAM The Dubai Press Club (DPC), announced theme for the 18th edition of the Arab Media Forum (AMF), as “Arab Media: From Now to the Future”. Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the annual media event is scheduled to take ...

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• 6 March

  ‘UAE a model of openness to other religions, minorities’

  Geneva / WAM Obaid Salem Al Zaabi, UAE Permanent Representative to the United Nations (UN), in Geneva, stated that the UAE is a model to follow of openness to other religions and supporting minorities. During the UAE’s speech at the 40th edition of the Human Rights Council, under the framework of the interactive dialogue of the “Special Rapporteur on Freedom of ...

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