August, 2018

• 4 August

  Synchrony’s Walmart loss puts Sam’s Club renewal in focus

  

  Bloomberg Synchrony Financial lost out to Capital One Financial Corp. for a credit-card contract with retail giant Walmart Inc. Now, the company is poised to defend its turf for a Walmart subsidiary. Capital One is interested in examining the Sam’s Club portfolio currently held by Synchrony, according to people familiar with the situation, who asked not to be identified because ...

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• 1 August

  UAE a leading tourism destination

  

  ABU DHABI / WAM The UAE, which provides comfort to its citizens and tourists alike and has prioritised its heritage and preserved its history for the modern world, has become a leading international tourism destination, where authenticity is combined with modernity and development, through its rapid urban development that is the fastest in the Middle East and around the world. ...

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• 1 August

  Adnic profit up 17.1% to AED150.5mn in first half

  

  Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic), announced its financial results for the first half of 2018 on Wednesday. Adnic reported a net profit of AED150.5 million for the period, up 17.1 percent year-on-year. Commenting on the results, Sheikh Mohamed bin Saif Al Nahyan, Chairman of Adnic, said, “On behalf of the Board of Directors, I am ...

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• 1 August

  Oil falls as trade war risks persist

  

  Bloomberg Oil fell to the lowest in more than a week amid a surprise jump in US crude inventories and an escalating trade dispute between the US and China. Futures in New York fell as much as 1.4 percent. The American Petroleum Institute was said to report US stockpiles rose 5.59 million barrels last week. Meanwhile, the US will propose ...

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• 1 August

  Emirates, Italy’s Trenitalia sign codeshare pact

  DUBAI / Emirates Business Emirates and Trenitalia, Italy’s national railway company, on Wednesday announced a new codeshare agreement which will enable Emirates customers from across its worldwide network to discover new destinations across Italy. With just one easy-to-book ticket, travellers will be able to fly on Emirates and reach some of Italy’s most picturesque cities and towns using high speed, ...

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• 1 August

  ADFSC agricultural supply centres’ sales up 22.6%

  Abu Dhabi / WAM The agricultural supply centres of the Abu Dhabi Farmers Services Centres (ADFSC) achieved a growth of 22.6 percent in their sales of agro-inputs, veterinary products and tools and equipment during the first half of 2018, compared to the same period of 2017. The ADFSC marketed 14.6 tonnes of fresh vegetables produced by farms in the first ...

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• 1 August

  Sheikh Zayed established legacy of tolerance: Nahyan

  ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, said that Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, had established the legacy of tolerance that is unique in the region and the entire world. “This legacy enabled the country to host over 200 nationalities, who live with dignity and respect and work with ...

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• 1 August

  ADIHEX to celebrate legacy of Sheikh Zayed

  Abu Dhabi / WAM The 16th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) will be held from September 25-29 at the Abu Dhabi National Exhibition Centre (Adnec). Held under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club, this year’s exhibition with ...

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• 1 August

  EPA keen to bring UAE, Brazil publishing markets closer

  SHARJAH / WAM Established in Sharjah a decade ago, the Emirates Publishers Association (EPA) has been taking the lead in representing the interests of UAE’s publishers, offering a great boost to the country’s fast-growing publishing industry. In continuation of its efforts to bring the global community of publishers together and open new avenues for networking and exchange, the EPA will ...

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• 1 August

  ERC intensified assistance to Yemen in July

  ABU DHABI / WAM The Emirates Red Crescent (ERC) intensified its efforts to provide humanitarian and relief assistance to Yemen in July, especially in Hodeidah Governorate and the Red Sea Coast, by distributing thousands of tonnes of food baskets, to ease the suffering of the Yemeni people caused by the Houthi militias. The ERC is continuing its efforts to treat ...

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