July, 2018

• 29 July

  Dubai registers strong 29% rise in winning business event bids

  

  Dubai / WAM Dubai Business Events (DBE), the city’s official convention bureau, has reported strong results for the first half of 2018, with 125 successful bids to host business events, reflecting a 29 percent increase over the same period last year. Conferences, meetings and incentive programmes secured in the first six months of the year, including from bids submitted in ...

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• 29 July

  ‘Establishment of SCMC a momentous occasion’

  Abu Dhabi / WAM July 30 is a significant day for women and children in the UAE, when the Founding Father, late Sheikh Zayed bin Sultan Al Nahyan issued a decree establishing the Supreme Council for Motherhood and Childhood (SCMC), in 2003, HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood ...

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• 29 July

  Liwa Date Festival attracts 80,000 visitors in 11 days

  

  Abu Dhabi / WAM More than 80,000 people, including tourists and heritage lovers, visited the14th Liwa Date Festival, which came to an end in Al Gharbia, Abu Dhabi’s Western Region. The 11 day-event offered heritage lovers colourful activities, cultural celebrations, traditional performance and competitions, where a number farmers were rewarded for producing the best types of date through the season. ...

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• 29 July

  Indian minister praises UAE’s achievements

  New Delhi / WAM India’s Minister for Commerce, Industry and Civil Aviation, Suresh Prabhu, has praised the UAE’s achievements, comparing them favourably with countries which have much more in diverse natural resources and population which could not, yet, achieve as much. Prabhu made these remarks at the launch of a global emerging technologies start-up competition, the “GovHack Series,” attended by ...

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• 29 July

  Image Nation’s Arab Film Studio marks 200 screenings

  

  Abu Dhabi / WAM Films created by participants in Image Nation Abu Dhabi’s flagship training programme Arab Film Studio have now screened over 200 times at prestigious film festivals around the globe, after Ranapakhara by Swapna Kurup was selected to screen at the Mosaic World Film Festival, Illinois this week. The milestone comes following the completion of the third edition ...

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• 29 July

  Europe to become ‘massive’ buyer of US LNG, says Trump

  

  Bloomberg Europe will build more terminals to import US liquefied natural gas, the head of the European Commission told US President Donald Trump during a meeting aimed at averting a transatlantic trade war. “They want very much to do that, and we have plenty of it,” Trump said, referring to the US shale boom, which has unleashed record supplies of ...

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• 29 July

  Saudi petchem giant records 81% gain in quarterly profit

  

  Bloomberg Saudi Basic Industries Corp, the Middle East’s biggest petrochemicals producer, posted an 81 percent increase in second-quarter profit on higher sales prices and volumes. Net income rose to 6.7 billion riyals ($1.8 billion) from 3.71 billion riyals a year ago, the company known as Sabic said in a statement. Revenue climbed 26 percent to 43.3 billion riyals. The company ...

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• 29 July

  Bloom Energy climbs in trading debut after $270 million IPO

  

  Bloomberg Bloom Energy Corp, the Kleiner Perkins Caufield & Byers-backed maker of fuel-cell power systems, climbed on its first day of trading after pricing a rare alternative-energy IPO. The shares rose 47 percent to $22.10 in New York, giving the company a market value of about $2.34 billion. Bloom Energy sold 18 million shares for $15 apiece after marketing the ...

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• 29 July

  China solar sector told to cut costs, boost quality

  Bloomberg China’s solar power sector should strive to cut costs and improve quality, said a top industry group seeking to restore confidence in the world’s largest market as recent policy moves in Beijing straddle producers with shrinking demand and tumbling prices. The industry is moving away from rapid capacity expansions and suppliers should not expect sector to grow every year, ...

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• 29 July

  China regrets Qualcomm move to scrap $44 billion NXP deal

  

  Bloomberg China’s expressed regret over Qualcomm Inc.’s decision to scrap a $44 billion takeover of NXP Semiconductors NV, an apparent attempt to avoid blame after regulators failed to rule on what would have been the largest chip acquisition in history. The takeover fell apart as tensions between China and the US escalated and local regulators held off on clearing the ...

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