January, 2019

• 19 January

  North Face’s China sales lift Canada Goose

  

  Bloomberg VF Corp’s quarterly beat, aided by a sales increase in China, is fuelling a rally in branded apparel peers that include Canada Goose Holdings In., where concerns of a slowdown in the region has weighed on the stock. China sales increased 23 percent year-over-year on a constant currency basis at VF Corp. During the conference call, executives said China ...

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• 19 January

  Bangkok Air CEO banned from listed firms’ positions

  

  Bloomberg Bangkok Airways Pcl Chief Executive Officer Prasert Prasarttong-Osoth has been banned from holding director and executive positions in listed companies in Thailand for manipulating the share price of the airline. Civil sanctions have been imposed on Prasert and his daughter, Poramaporn Prasarttong-Osoth, the chief operating officer at Bangkok Dusit Medical Services Pcl, as well as Narumon Chainaknan, the executive ...

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• 16 January

  ADX joins UN Sustainable Stock Exchanges

  

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) on Wednesday announced that it is now a ‘partner exchange’ of the United Nations Sustainable Stock Exchanges (SSE) initiative, to promote sustainability and transparency in capital markets. The initiative is a peer-to-peer learning platform that enables exchanges, in collaboration with investors, regulators and companies, to enhance corporate transparency, environmental, social and ...

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• 16 January

  Emirates NBD profit up 20% to AED10bn

  

  Bloomberg Emirates NBD PJSC reported a better-than-expected increase in full-year profit as lending rose and loan loss charges fell at Dubai’s biggest bank. The 2018 full-year net income reached AED10.04 billion ($2.73 billion), an increase of 20 percent from AED8.35 billion the previous year. The total income amounted to AED17.4 billion. The bank’s net interest income and the non-interest income ...

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• 16 January

  Adnoc L&S slashes carbon emissions, fuel consumption

  ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the marine and logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc), announced that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels. The ‘Al Daffah Energy Efficiency Project’ is one of many ongoing initiatives by the shipping and logistics giant to ...

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• 16 January

  UAE, Kosovo expand economic partnership

  

  SHARJAH / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, stated that the ties between both the UAE and Kosovo are historically strong, which extend ba-ck to time of UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. He remarked that these ties grew into an integrated economic partnership, which resulted in ground-breaking agreements on the avoidance ...

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• 16 January

  Menasa e-commerce market to grow at 24.6% by 2020

  

  Dubai / WAM The Middle East, North Africa and South Asia (Menasa) region’s e-commerce sector is growing aggressively at 24.6 percent CAGR through to 2020, according to a newly launched report by Dubai CommerCity. The report, ‘Menasa e-commerce landscape’, assists global companies and start-ups in evaluating the opportunities within the regional e-commerce market and highlights the high growth in the ...

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• 16 January

  ‘Sustainability a way for the UAE to achieve its Centennial goals’

  

  ABU DHABI / WAM The UAE is establishing a new model of sustainability, investing heavily in advanced science and technology, and equipping national talents with the necessary skills to ensure optimal use of available resources, asserted Ministers from the UAE Government at a special ministerial session during Abu Dhabi Sustainability Week 2019 (ADSW 2019). Sustainability is the way for the ...

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• 16 January

  Mohamed, Austrian Chancellor discuss bilateral relations

  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, received on Wednesday a phone call from Austria’s Chancellor Sebastian Kurz, during which they discussed the distinguished bilateral relations between the two countries and ways to enhance them in all fields. They also reviewed ...

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• 16 January

  350 tech experts to attend ‘Microsoft Ignite’ in Dubai

  

  Dubai / WAM Dubai will host the global annual technology Conference ‘Microsoft Ignite’ on March 27-28, with the participation of 350 experts. The two-day event, which will cover more than 100 workshops – will share global technology innovations to regional audiences. Ignite aims to bring together developers and technology professionals from across the region to learn, explore, and connect with ...

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