January, 2019

• 7 January

  As China cuts back on iPhones, LVMH handbags could be next

  

  Bloomberg After Apple Inc.’s shock profit warning, investors were quick to make the connection: if Chinese consumers are cutting back on iPhones, Louis Vuitton handbags could be next. Apple’s sales revision cascaded through global markets, hitting suppliers and rivals, but also a raft of luxury-goods companies that rely on the same clientele that likes to splurge on Apple’s latest products. ...

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• 6 January

  Adnoc among top 10 energy firms globally

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) is among the top 10 most influential companies and organisations in the energy sector, a new ranking from research and intelligence firm GlobalData found. The only Middle Eastern company featured on the GlobalData’s list, Adnoc was ranked sixth, and third among big oil firms, after Exxon Mobil and China’s ...

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• 6 January

  Kizad Polymers Park to add $2.5bn to UAE GDP by 2025

  

  Abu Dhabi / Emirates Business Kizad, one of the fastest growing industrial zones in the Middle East and part of Abu Dhabi Ports, on Sunday launched Kizad Polymers Park, which will form an integral part of the polymers conversion ecosystem in the emirate. The park aims to be a major economic driver for the UAE, producing 300-400 kilo tonnes of ...

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• 6 January

  Emirates NBD launches VAT-based loan solutions

  DUBAI / Emirates Business Emirates NBD announced the launch of a new VAT-based enhanced loan solution for small and medium-sized enterprise (SME) customers. The new loan program makes it easier for SMEs to apply for financing by providing copies of their VAT (value added tax) returns filed with the UAE’s Federal Tax Authority to serve as validation of business turnover ...

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• 6 January

  ‘Houthis loot 65% of humanitarian relief’

  

  ADEN / WAM The Houthi militia has seized and looted 65 percent of the humanitarian aid sent for the people of Yemen through the port of Hodeidah, according to the Yemeni Minister of Local Administration, Abdul Raqeeb Fatah. “Over the past three years, the Houthis have been showing wilful disregard for the tough humanitarian circumstances being faced by the Yemeni ...

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• 6 January

  UAE, Pakistan explore ways to enhance ties in vital sectors

  

  Islamabad / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday held talks with Prime Minister Imran Khan, focusing on strengthening the relations between the UAE and Pakistan, in addition to the current regional and international developments. His Highness Sheikh Mohamed affirmed his keenness ...

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• 6 January

  Sharjah Ruler’s book released in Hindi in India

  New Delhi / WAM The Hindi edition of Bibi Fatima and the King’s Sons, a novel by HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, was released at the New Delhi World Book Fair on Sunday. Simultaneously, an English version of the book was also released as part of the opening ceremonies of ...

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• 6 January

  Dubai launches third round of ‘global blockchain challenge’

  

  Dubai / WAM Smart Dubai is gearing up to launch the third round of the Global Blockchain Challenge, organised in partnership with successful local accelerator, the Dubai Future Accelerators (DFA), and is an initiative of the Dubai Future Foundation (DFF). The Challenge seeks to source innovative Blockchain start-ups from around the world and bring them to Dubai, which, in turn, ...

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• 6 January

  DXB records 6.9 million customers in November

  

  Dubai / WAM The Dubai International Airport (DXB), welcomed 6.9 million customers in November 2018, bringing the hub’s year to date traffic to 81.4 million passengers. In a statement issued on Sunday by DXB, the Airport said, “The number of customers served was 6,897,169 in November (-0.8%) taking DXB’s year to date numbers to 81,426,428 (+1.3%).” Baggage volumes of 5.8 ...

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• 6 January

  Department of Energy adopts ‘business continuity policy’

  Abu Dhabi / WAM The Department of Energy (DoE) – Abu Dhabi has adopted the “Business Continuity Policy” for the energy sector with the aim of enhancing performance and ensure a safe and sustainable supply in the energy sector. The move is part of the Department’s efforts to increase preparedness among entities operating within the energy sector to deal with ...

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