January, 2019

• 23 January

  Lowe’s NFL marketing push kicks off in rival’s backyard

  

  Bloomberg Lowe’s Cos, looking to gain an edge on Home Depot Inc, is teaming up with the National Football League (NFL) in a sponsorship deal that kicks off in its competitor’s hometown. The chain is now the league’s official home-improvement retail sponsor, capitalising on the run-up to next month’s Super Bowl in Atlanta. Lowe’s will place billboards along the city’s ...

  Read More »
• 23 January

  Patek Philippe may come up for sale: analysts

  Bloomberg Patek Philippe, the closely held maker of $10,000-plus Calatrava watches, may be coming up for sale, according to analysts at Berenberg who cited industry talk. The 180-year-old Swiss watchmaker could fetch 7 billion to 9 billion euros ($8 billion to $10 billion), analysts led by Zuzanna Pusz wrote in a note. Patek Philippe has been owned by the Stern ...

  Read More »
• 23 January

  Flights resume at Newark Airport after drone sighted nearby

  

  Bloomberg Flights at Newark Liberty International Airport were briefly halted after a drone was spotted flying nearby in an episode reminiscent of the ones that disrupted traffic at London’s major facilities in recent months. The device was spotted over nearby Teterboro Airport north of Newark at an altitude of 3,500 feet, Federal Aviation Administration (FAA) spokesman Greg Martin said. The ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »
• 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. ...

  Read More »
• 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 ...

  Read More »