August, 2018

• 27 August

  Air France unions welcome new boss with list of grievances

  

  Bloomberg Air France-KLM Group’s French unions are drawing up a list of demands to present to incoming CEO Ben Smith as they continue to bristle over the appointment of a first foreign boss and the 300 percent salary hike that lured him. The Canadian, who starts before of end of next month, will be greeted by requests including higher pay ...

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• 26 August

  UAE becomes first country to offer online mortgage services worldwide

  ABU DHABI / WAM Abu Dhabi City Municipality (ADM), in collaboration with Abu Dhabi Islamic Bank, has issued the first digital mortgage certificate worldwide making the UAE the first country in the world to offer digital real estate services through a smart services hub. The step culminates the upsurge in the digitalisation of services advocated by the Department of Urban ...

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• 26 August

  RTA records 12.6GW/h power savings

  

  DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has announced that it had made electric power saving as much as 12.6 Gigawatt-Hour (GW/h) in 2017, in addition to reducing carbon emissions by 5,430 tons. Making such savings contributes to realising RTA’s strategic objective of nurturing a sustainable environment through saving power consumption. “A plan has been endorsed to replace ...

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• 26 August

  RAK real estate deals up 33% to AED2.7bn

  

  RAS AL KHAIMAH / WAM The total value of real estate transactions in Ras al-Khaimah rose to AED2.7 billion in the first half of 2018, an increase of 33 percent compared to the corresponding half of 2017, according to a report issued by the Lands and Properties Sector at the emirate’s municipality. The bi-annual report indicated that 2,632 real estate ...

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• 26 August

  Ministry signs pact to bolster sustainability

  

  DUBAI / WAM The UAE Ministry of Climate Change and Environment (MOCCAE) signed a Memorandum of Understanding (MoU) on Sunday, with Etihad Energy Services Company, to bolster the principles of sustainability in the public and private sectors. In the presence of Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, the MoU was signed by Saif Mohamed AlShara, ...

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• 26 August

  Julphar strikes deal to supply disposable insulin pens in UAE

  RAS AL KHAIMAH / WAM Julphar has signed an agreement with leading global medical technology company BD (Becton, Dickinson and Company) to supply disposable insulin pens in the UAE. BD develops innovative technologies, services and solutions that help advance both the clinical process for healthcare providers and clinical therapy for patients, including a wide variety of insulin delivery devices for ...

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• 26 August

  China’s Sinopec posts record profit on oil rally

  

  Bloomberg China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed and a rebound in crude prices brought its oil and gas exploration unit closer to breaking even. Net income gained to 42.4 billion yuan ($6.2 billion) in the first six months from 27.9 billion a year earlier, the world’s ...

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• 26 August

  GIES 2018 to put spotlight on innovation, sharing economy

  DUBAI / Emirates Business Rapid digitalisation and disruption are changing the dynamics of the global Islamic economy and creating new challenges and opportunities for the sector, according to industry experts who will share their insights at the Global Islamic Economy Summit (GIES) 2018 in Dubai. The fourth edition of GIES will be held October 30-31 in Dubai under the patronage ...

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• 26 August

  Amanat acquires majority stake in Bahrain hospital

  

  DUBAI / Emirates Business Amanat Holdings, the GCC’s largest healthcare and education investment company, announced it has acquired a majority stake of 69.3% in the Royal Hospital for Women in Bahrain for AED141.7 million. The acquisition is in line with Amanat’s investment criteria to acquire high quality assets where it can generate long-term sustainable value. It takes Amanat’s total investments ...

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• 26 August

  Emirates Islamic officials visit Expo 2020 Dubai site

  DUBAI / WAM Senior officials from Emirates Islamic visited the Expo 2020 Dubai site in the Dubai South District, where they met members of the Expo 2020 Dubai team and were updated on the preparations for the milestone event. As Islamic Banking Partner of Expo 2020 Dubai, Emirates Islamic is aligned with Expo 2020 theme of “Connecting Minds, Creating the ...

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