August, 2016

• 7 August

  Sheraa: Accelerating entrepreneurial ambitions of UAE youth

    Sharjah / WAM Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq) and Chairperson of Sheraa, the Sharjah Entrepreneurship Centre, has laid the foundations for a thriving community of young entrepreneurs who will contribute to the growth of the UAE and the region. Sheraa, the Sharjah Entrepreneurship Centre launched under the patronage of Sheikha …

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• 7 August

  Gulf stocks follow emerging markets higher after oil rebound

  

    Bloomberg Stocks in Dubai and Qatar led gains in Gulf stocks, tracking emerging market increases as Brent crude prices recovered. The DFM General Index climbed for a second day, adding 1.1 percent at the close. Doha’s QE Index advanced 1 percent as all but two of its members rose. The Bloomberg GCC 200 Index, a gauge of the largest …

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• 7 August

  Saudi petchem margins benefit from oil, but not for long

    DUBAI / Reuters Second-quarter earnings in Saudi Arabia’s petrochemical industry beat expectations as producers reaped the benefits of volatile oil prices, but companies look unlikely to be as lucky in the second half of this year. Combined net profits of the kingdom’s 14 listed petrochemical firms, announced over the past couple of weeks, fell by a fifth from a …

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• 7 August

  Emaar unveils homes next to Dubai Opera in Downtown Dubai

  

    Dubai / Emirates Business Live next door to the most culturally vibrant destination in the city with Emaar Properties on Sunday unveiling an exclusive collection of residences located adjacent to the stately Dubai Opera, the iconic centerpiece of The Opera District in Downtown Dubai. The all-new ‘Act One | Act Two’ residences are seated in exceptionally designed 52- and …

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• 7 August

  du expands its retail presence in Wafi Mall

  

    Dubai / Emirates Business du delights customers by expanding its retail footprint in Dubai with the grand opening of a new du Shop at Wafi Mall. Customers in the vicinity now have a new du retail outlet for all their account needs. The Shop in Wafi Mall will offer all services related to consumer and enterprise fixed and mobile …

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• 7 August

  DEWA launches peak load reduction drive

    Dubai / WAM Dubai Electricity and Water Authority ( DEWA) launched its annual peak load campaign, to raise awareness about adopting a more sustainable lifestyle, and rationing electricity and water use to conserve natural resources, protect the environment, and reduce Dubai’s carbon footprint. The campaign encourages the public to cut down on using energy during the peak load period of …

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• 7 August

  ADNOC to promote safe use of LPG cylinders and regulators

  

    Abu Dhabi / WAM ADNOC Distribution announced the launch of a special safety campaign, entitled ‘Safety: It’s in Your Hands’, to raise public awareness on the correct ways of transporting, handling, and using Liquefied Petroleum Gas (LPG) cylinders and their regulators. The campaign, which begins tomorrow and run until August 29, will primarily target communities across the northern regions, where …

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• 7 August

  Dubai Parks and Resorts releases official theme song

  

    Dubai / WAM The Dubai Parks and Resorts on Sunday announced the release of its official theme song, entitled “All the Wonders of the Universe”, as part of a pre-launch campaign to introduce the destination ahead of its opening in October, this year. The song is the soundtrack to a new short film which brings to life Dubai Parks and …

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• 7 August

  ERC delivers 9 vehicles to combat epidemics

    Aden / WAM Emirates Red Crescent (ERC) provided local authorities in Aden with nine special vehicles for combating epidemics that have spread across the governorate, such as dengue fever and malaria, due to the difficult conditions triggered by recent events. The ERC delegation delivered the vehicles to Under-Secretary of Aden Governorate Mohamed Nasr Al Shazali, as part of the programme …

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• 7 August

  The ‘false’ globalization narrative

  

    In the public imagination, no industry better symbolizes the downfall of US manufacturing than steel. Shuttered plants dot the Midwest. Since 1973, steel employment has dropped 76 percent, from 610,700 to 147,300 in 2015. Moreover, the culprit seems clear — trade — and its influence seems pervasive: Manufacturing as a whole lost about 5 million jobs from 2000 to …

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