August, 2018

• 11 August

  Cultivating a culture to establish Arab cinema

  

  SHARJAH / WAM Cinema is a universal language that brings people together and breaks all discriminatory barriers by offering a common platform to all, stated Sheikha Jawaher bint Abdullah Al Qasimi, Director of FUNN and Sharjah International Children’s Film Festival. ‘‘Film is a multi-doctrine creative art that really speaks one language to every enthusiast and lover, and embraces individual interpretation ...

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• 11 August

  Cash dividends paid out by ADX-listed firms up 5.5%

  

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, has announced the distribution of more than AED23.4 billion in cash dividends to around 406,000 investors on behalf of listed companies in 2018. The cash dividends paid out by listed companies increased around 5.5% compared to AED 22.2 billion in the year 2017. This announcement is ...

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• 11 August

  ‘UAE has gone a long way in youth empowerment’

  SHARJAH / WAM The UAE has bolstered the process of youth empowerment since it was founded by the late Sheikh Zayed bin Sultan, who believed in the youngsters, their capabilities and the instrumental role they play in reinforcing sustainable development and preserving national heritage, stated Sheikha Aisha Khalid Al Qasimi, Director of Sajaya Young Ladies. ‘‘The UAE’s founder established a ...

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• 11 August

  ‘UAE has groomed a generation than can confront challenges’

  ABU DHABI / WAM The UAE has groomed a well-educated and knowledgeable generation that can confront present and future challenges, stated Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development. ‘‘Since it was founded, the UAE has been heavily investing in the capacities of youth so they can gain modern time skills and empower and rehabilitate themselves to ...

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• 11 August

  ‘Safe spaces offer security and dignity for youth’

  NEW YORK / WAM The world’s young people need safe spaces — both physical and digital — where they can “freely express their views” and “pursue their dreams” was the core message of United Nations Secretary-General Antonio Guterres to mark this year’s International Youth Day. “The hopes of the world rest on young people,” said the UN chief of the ...

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• 11 August

  Ministry leads UAE delegation to Australia, New Zealand

  

  DUBAI / WAM A high-profile UAE delegation, led by Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, will visit Australia and New Zealand from August 12 to 17, to explore new areas of collaboration and learn about best practices in agriculture, livestock breeding, water resources utilisation and climate change mitigation and adaptation. In addition to Dr Thani ...

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• 11 August

  Mohamed Bin Zayed Majlis for Future Generations announces second edition

  

  ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the second edition of the Mohamed Bin Zayed Majlis for Future Generations will take place on the October 8 and 9 at the Abu Dhabi National Exhibition Centre (Adnec). The ...

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• 11 August

  New tax-credit investigation may be tough for Wells Fargo

  

  Bloomberg As much as Wells Fargo & Co. wants the public to believe it has put its troubled past behind it, yet another legal tangle shows it still doesn’t have a handle on its own questionable behaviour. In the latest turn of events, the Department of Justice has started an investigation into whether Wells Fargo colluded with developers to submit ...

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• 11 August

  China’s Ping An mulls buying Asia business of Britain’s Prudential

  

  Bloomberg Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever Chinese acquisition. Ping An has sounded out the Chinese government about whether it would be supportive of a deal, according to one of the people. The Shenzhen-based insurer ...

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• 11 August

  PBOC vows no ‘strong’ stimulus, says won’t use yuan in trade war

  

  Bloomberg China’s central bank said it won’t use the yuan as a tool to cope with trade tensions and other external issues, and that it won’t conduct any “strong” economic stimulus. The People’s Bank of China (PBOC) won’t implement stimulus in “flood-irrigation” style, according to the quarterly monetary policy report released in Beijing. Prudent monetary policy should maintain neutrality and ...

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