December, 2018

• 11 December

  Ways to improve RMB clearing in UAE discussed

  Emirates Business Central Bank of the UAE (CBUAE) hosted a workshop with People’s Bank of China (Central Bank of China) and the Agricultural Bank of China on “Improving the Renminbi Clearing in the UAE”. The aim of workshop was to present results ac-hieved by the RMB Clearing Centre to date, and to identify actions to be tak-en to improve arrangements ...

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• 11 December

  Oil rises on market re-balance hopes

  

  Bloomberg Oil rose on renewed optimism that production cuts announced by the Opec+ coalition will re-balance the market, while Libya’s biggest field remained shut. Futures in New York gained as much as 1.7 percent after slumping 3.1 percent amid uncertainty over implementation of the curbs by the Organization of Petroleum Exporting Countries (Opec) and its allies led by Russia. Saudi ...

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• 11 December

  Dubai’s non-oil private sector sees strong growth in Nov

  

  DUBAI / Emirates Business Dubai’s non-oil private sector recorded a stronger improvement during the month of November, reflecting faster expansions in business activity and new work and a stable trend in employment, according to data from Emirates NBD Dubai Economy Tracker Index. The three main sectors monitored registered stronger performances, with construction seeing the fastest growth, followed by wholesale & ...

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• 11 December

  DLD organises LPS Shanghai to promote Dubai’s realty sector

  

  DUBAI / WAM The Dubai Land Department (DLD), organised the LPS Shanghai, at the Shanghai Convention Centre, China. The DLD was accompanied by a delegation of senior real estate developers in Dubai as strategic partners of the show. The Dubai pavilion was inaugurated at the LPS Shanghai in presence of Rashid Matar Al Siri Al Qemzi, UAE Consul-General in Shanghai; ...

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• 11 December

  Adnoc co-loads LPG, propylene onto same vessel in Ruwais

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Tuesday announced it has safely completed the first co-loading of liquefied petroleum gas (LPG) and propylene onto the same vessel, which was docked in Ruwais, the UAE. Under normal circumstances, LPG, which is produced by Adnoc Gas Processing, and propylene, which is produced by Adnoc Refining, are transported ...

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• 11 December

  dnata expands US catering operations

  

  DUBAI / Emirates Business dnata, one of the world’s largest air services providers, on Tuesday announced that it had completed the acquisition of New York-headquartered inflight and VIP caterer, 121 Inflight Catering. The acquisition allows dnata to significantly expand its operations in the United States, further strengthening its global network of catering businesses. Founded in 2007, 121 Inflight Catering offers ...

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• 11 December

  Air Arabia’s inaugural flight to Prague takes off

  SHARJAH / WAM Air Arabia on Tuesday launched its inaugural flight to a new European destination, Prague in Czech Republic, direct from Sharjah. The flight departed Sharjah International Airport, at 07:35 hours and landed in Prague Vaclav Havel Airport on Tuesday at 11:20 hours local time. The six hour 50-minute flight operates five times a week, every Tuesday, Wednesday, Thursday, ...

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• 11 December

  Etisalat doubles speeds on eLife plans for free

  Abu Dhabi / Emirates Business Etisalat’s ‘eLife Unlimited’ customers are in for a major upgrade as Etisalat doubles the broadband speed across the board of the recently launched ‘eLife Unlimited’ plans. The plans now deliver more than five times the broadband speed of the previous generation. ‘eLife Unlimited’ customers will immediately enjoy the new speeds at no extra charge automatically. ...

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• 11 December

  Khalifa invited to 30th Arab League Summit in Tunisia

  

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has received an invitation from President Beji Caid Essebsi of Tunisia, to attend the 30th Arab League Summit to be held in Tunis in March 2019. The invitation was received by His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, ...

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• 11 December

  GCC Summit highlights unity of Gulf countries

  

  Abu Dhabi / WAM During its meeting in Riyadh, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, with the participation of the His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the 39th Gulf Cooperation Council (GCC), Summit has conveyed ...

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