September, 2018

• 10 September

  Airport 3D X-rays success lets TSA expand pilot programme

  

  Bloomberg The Transportation Security Administration (TSA) is so pleased with a program to test three-dimension X-ray technology for carry-on bag screening at airports that it’s increasing plans to buy the new technology starting next year, the agency chief told Congress. TSA is testing computed tomography X-rays, which shoot hundreds of images of a bag from different angles, at 13 airports ...

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• 10 September

  Primark owner’s shares fall as hot summer hits apparel sales

  

  Bloomberg Shares of Associated British Foods Plc, owner of the Primark clothing chain, fell after the company predicted a decline in comparable sales at the retailer. Primark’s like-for-like sales will decline by 2 percent this year, the company said on Monday, citing Europe’s unusually hot summer weather. The apparel stores are expected to post gains overall, but that’s only because ...

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• 9 September

  Dubai hosts Bangladesh Economic Forum

  Dubai / WAM Muhammad Imran, Bangladesh Ambassador to the UAE, said, “We have witnessed a growing interest among both Emirati businesses to invest in Bangladesh while a large number of Bangladeshi entrepreneurs are also setting up companies in the UAE, therefore strengthening the two-way economic ties between the two countries.” “Our government has announced the establishment of 100 economic zones, ...

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• 9 September

  Net income of Abu Dhabi banks hits AED16.6 billion

  

  WAM / bloomberg The net income of commercial and Islamic banks operating in the emirate of Abu Dhabi amounted to AED16.6 billion during H1 of 2018, a growth of 8.4 percent over the corresponding period last year. The increase comes in line with the growth recorded across the UAE banking sector according to the statistics issued by the Central Bank ...

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• 9 September

  Minister of Economy okays regulatory control of fintech

  

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Securities and Commodities Authority (SCA), has issued a resolution approving the regulatory control of Fintech. Part of a number of initiatives aiming at upgrading the financial activities and services platform in the UAE securities sector to match the best international standards and practices, the ...

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• 9 September

  DIFC records remarkable growth in wealth, asset management sector

  

  DUBAI / WAM Dubai International Financial Centre (DIFC), is continuing to achieve remarkable growth in its wealth and asset management sector with world-leading firms working at impressive scale within the Centre. The number of registered companies and specialist global advisors in the Centre has increased to more than 200, including 13 of the world’s top 25 firms in the sector. ...

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• 9 September

  ‘Qiyadi 4’ to enrich skills of engineers

  DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), launched the 4th edition of the two-year Qiyadi programme, designed to enrich the knowledge and diversify the skills of Emirati engineers. “About 20 Emirati staff engineers have been enrolled in the fourth cycle of Qiyadi, aimed at nurturing their knowledge and skills in order to ensure they remain compatible with their ...

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• 9 September

  Trump threatens China with tax on ‘all imports’

  

  Bloomberg China’s chances of escaping the trade conflict with the US with only minor damage to its economy just got slimmer. The US President Donald Trump doubled down on his threats to impose higher tariffs on nation’s goods, saying he’s ready to tax all imports ‘at short notice.’ While economists see immediate impact of trade tension as limited, the effect ...

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• 9 September

  Ajman Ruler receives Saudi businessmen, investors

  

  Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, on Sunday received, in his office at the Ruler’s Court, a Saudi delegation of businessmen and investors led by Dr. Abdulrahman Abdullah Abdulaziz Al Moshaiqeh, Chairman of the Industrial Methods Group of Al Qussaim and Member of the Shura Council. Sheikh Humaid ...

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• 9 September

  WGES steering committee holds 3rd coordination meet

  

  Dubai / WAM The Steering Committee of the World Green Economy Summit (WGES), chaired by Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, Managing Director and CEO of the Dubai Electricity and Water Authority (Dewa), and Chairman of WGES, held its third coordination meeting. The meeting was held to discuss the role of the specialised ...

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