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Bloomberg Burberry Group Plc will stop destroying unsold products and using animal fur as it works to placate investors and compete with leading luxury brands that are racing to clean up their images with new commitments on sustainability and ethics. Top-end fashion brands have long preferred to burn some unsold items or bury them in landfill rather than risk their ...
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September, 2018
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5 September
Over half a million business licenses issued by August
Abu Dhabi / WAM The number of business licenses issued in the UAE by the end of August, increased to 532,000, a growth of 9 percent over the end of 2017, in yet a fresh sign that the business is moving and gaining speed across various economic platforms despite the global slowdown in different world countries. According to the Ministry ...
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5 September
UAE-Ghana trade exchange reached $1.2 billion in 2017
ABU DHABI / WAM The trade exchange between the UAE and Ghana amounted to over $1.2 billion by the end of 2017,a according to a senior Ministry of Economy official. “Afro-UAE relations are significantly evolving and we are attaching growing importance to strengthening business ties with the Republic of Ghana,” said Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry ...
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5 September
Mubadala completes oil field deal in Russia
ST. PETERBURG / WAM Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF), the sovereign wealth fund of the Russian Federation have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia. Further to an agreement announced on May 24 this year, Gazprom Neft has ...
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5 September
DCT Abu Dhabi wins ‘Investors in People’ accolade
Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has been awarded Investors in People (IIP) accreditation after achieving the standards set by the international people management organisation. In addition to the main IIP award, DCT Abu Dhabi also achieved Health and Wellbeing Silver Level accreditation in recognition of its Wellness Programme. ...
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5 September
Borouge’s polypropylene capacity to increase by 25%
ABU DHABI / WAM Borouge on Wednesday signed with Marie Tecnimont Group, the Engineering, Procurement and Construction (EPC) contract for its fifth polypropylene (PP5) plant in Ruwais, which will grow Borouge’s polypropylene capacity by 25% to 2.24 million tonnes per year (t/y) and unlock new opportunities to reinforce local industries. With a nameplate capacity of 480,000 t/y, the new PP5 ...
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5 September
‘Sharjah FDI Forum one of key drivers to our business goals’
SHARJAH / WAM As global economies transition from readying themselves for the Fourth industrial revolution, to devising frameworks and capital markets that pave the way for a profitable and sustainable future, the 4th Sharjah FDI Forum, slated to take place on December 10-11, under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler ...
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5 September
Emirates named ‘best business airline’
DUBAi / Emirates Business Emirates celebrated a double win this week at the Condé Nast Traveller Readers’ Travel Awards, after being named ‘Best Business Airline’ and ‘Best Airline – Long-Haul Holiday’. The airline won the prestigious accolades based on votes from Condé Nast Traveller readers’ for the best travel experiences in the world. The Condé Nast Traveller Readers’ Travel Awards ...
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5 September
UAE to mark International Day of Charity today
Abu Dhabi / WAM The UAE will celebrate on Thursday the annual International Day of Charity, which takes place on September 5. The country has succeeded in transforming charity work into a culture and social behaviour, which is well-established in the Emirati character. This year’s celebration followed the Year of Giving in 2017, which aimed to promote the values of ...
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5 September
1,000 global publishers to attend 37th edition of SIBF
SHARJAH / WAM The Sharjah Book Authority (SBA), has announced that the 37th Sharjah International Book Fair (SIBF), is set to take place from October 31 to November 10. The Sharjah Expo Centre will host the 37th edition and witness the participation of leading Arab and international writers, artists, intellectuals, cultural personalities, chefs and performers who will fill the SIBF’s ...
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