January, 2019

• 22 January

  Adnoc named most valuable brand in Middle East region

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) has been named the most valuable brand in the Middle East, by Brand Finance, the world’s leading brand valuation and strategy consultancy. Adnoc is the first regional oil and gas company to be featured in the annual Brand Finance Global 500 report with a brand valuation of $8.9 billion ...

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• 22 January

  4 listed banks’ profit reaches AED13.2bn

  

  ABU DHABI / WAM In yet a new sign of the resilient financial fundamentals enjoyed by the UAE banking system, the combined profits of four UAE-based banks listed on Dubai Financial Market (DFM) reached AED13.2 billion in 2018, a growth of 17.5 percent on year. According to statistics released by the Central Bank of the United Arab Emirates, the total ...

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• 22 January

  Etisalat first Mideast brand portfolio to hit $10b barrier

  

  ABU DHABI / WAM Etisalat on Tuesday received the ‘most valuable portfolio brand’ in Middle East and North Africa (Mena), by Brand Finance as a recognition for the company’s impressive portfolio of brands becoming the first Middle East group to break the $10 billion barrier in terms of wider portfolio value. Etisalat boasts of a portfolio of brands such as ...

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• 22 January

  AED2.2bn investments on first tyre manufacturing plant in Abu Dhabi

  

  Abu Dhabi / WAM Senior industry figures from China and the UAE celebrated the groundbreaking of the Roadbot Tyre Project Kizad (Roadbot) on Tuesday, marking the development of the first tyre manufacturing plant in the UAE and the growth of downstream industry in Kizad, Abu Dhabi’s industrial hub and part of Abu Dhabi Ports. Developed by Chinese tyre manufacturer Roadbot ...

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• 22 January

  ADIBF to promote Emirati identity at Cairo book fair

  

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, will organise a stand for the Abu Dhabi International Book Fair (ADIBF), at the upcoming Cairo International Book Fair, which is returning for its 50th edition from January 23 to February 5. This will be the first time both DCT Abu Dhabi and ADIBF ...

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• 22 January

  UAE equity markets will rally in 2019, says FAB

  

  ABU DHABI / WAM First Abu Dhabi Bank (FAB), published its Global Investment Outlook report for 2019. The report expects that UAE equity markets will rally in 2019, boosted by a weaker dollar, higher oil prices and Abu Dhabi’s economic stimulus plan. With the world’s biggest economies continuing to post good growth, gains are also expected in global stock benchmarks. ...

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• 22 January

  Achievements of women within Dubai’s energy sector highlighted

  

  Dubai / WAM Enoc Group’s inaugural ‘Women in Energy Awards’ honoured eight women in a first-of-its-kind award ceremony held to recognise women’s achievements within Dubai’s energy sector. The biennial awards which were previously announced on ‘Emirati Women’s Day’ in August 2017 saw several strong entries from nine government entities across three major categories. A third-party judging panel followed stringent qualifying ...

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• 22 January

  Dubai Food Festival to kick off Feb 21

  Dubai / WAM The Dubai Food Festival (DFF), will return on February 21 with a city-wide showcase of Dubai’s gastronomy offering to thousands of residents and visitors. The festival, which runs until March 9, will celebrate and enhance Dubai’s position as the food capital not only in the region, but also on the international gastronomy scene, promoting the diversity and ...

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• 22 January

  Sheikh Mohamed commends Emirati defence expertise

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has inaugurated an integrated weapon suite developed by the Advanced Military Maintenance Repair & Overhaul Center (AMMROC), to weaponise and enable Black Hawk helicopters to perform a variety of attack missions. Abu Dhabi Crown ...

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• 22 January

  Sharjah, Finland to collaborate in education, socioeconomic areas

  

  SHARJAH / WAM In a bid to explore new areas of collaboration in education and socioeconomic fields, and boost bilateral investment prospects between Sharjah and Finland, the Sharjah Department of Government Relations (DGR), hosted a high-level delegation from the city of Oulu, Finland, who conducted a series of visits to key government organisations, departments and entities across the emirate. The ...

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