August, 2018

• 15 August

  Nigerian senate head mulls running for president in Feb

  Bloomberg Nigerian Senate President Bukola Saraki is considering running against President Muhammadu Buhari when Africa’s top oil producer holds elections in February. “I am consulting and actively considering it,” Saraki, 56, said in an interview at his residence in the capital, Abuja. “I believe I can make the change.” After recently defecting from the ruling All Progressives Congress, Saraki said ...

  Read More »
• 15 August

  Stocks sink amid technology weakness, commodities rout

  

  Bloomberg US stocks headed for their worst day in two months, joining a broad decline in global equities as disappointing earnings from Chinese internet giant Tencent Holdings Ltd. roiled technology shares and a plunge in commodities weighed on resource producers. Crude tumbled to below $65 a barrel after a report that American stockpiles rose the most since March 2017. The ...

  Read More »
• 15 August

  China slides as yuan falls past 6.9 a dollar

  

  Bloomberg China’s equities and currency slid, with the yuan weakening past 6.9 a dollar for the first time since May 2017 and losses in tech stocks spiraling into a broad selloff. The Hang Seng China Enterprises Index fell 2 percent at the close for its fourth day of losses. Tencent Holdings Ltd. rattled equities after surprising investors with its first ...

  Read More »
• 15 August

  UAE to spur ties with Australia’s agri, environmental sectors

  

  DUBAI / WAM A UAE delegation, led by Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, concluded an official visit to Australia to promote collaboration on various environmental fronts. During the three-day visit, the delegates attended bilateral meetings with top Australian officials and toured multiple environmental and agricultural facilities in the country. At the Parliament House in ...

  Read More »
• 15 August

  Dewa commissions 2MWp Solar Carport Project

  

  DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) commissioned the 2MWp Solar Carport Project, at its headquarters and at the Ministry of Climate Change and Environment (MOCCAE) building. Dewa launched the project last year as part of the Shams Dubai initiative, to increase reliance on clean energy, support the Smart Dubai initiative, and achieve its vision of becoming ...

  Read More »
• 15 August

  Etihad, Al Nassr FC enter partnership

  

  ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, signed an agreement to be the official shirt and main sponsor and partner of the Riyadh-based, Saudi Stars League team, Al Nassr FC. The multi-season partnership was signed at Etihad Airways’ Innovation Centre in Abu Dhabi, and was attended by senior members of both organisations’ leadership ...

  Read More »
• 15 August

  dnata launches new service at New York-JFK Airport

  

  New York / Emirates Business dnata, one of the world’s largest air services providers, has launched passenger handling operations at New York-JFK Airport. Already providing ground handling to over 50 airlines in the United States, this is a natural portfolio extension for dnata in New York. The launch customer is Copa Airlines, the flag carrier of Panama, which operates four ...

  Read More »
• 15 August

  Dubai to host Seatrade Maritime Middle East in Oct

  Dubai / WAM The 9th edition of Seatrade Maritime Middle East, the region’s biggest maritime exhibition, will run in Dubai World Centre on October 29-31 as part of UAE Maritime Week. Held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Seatrade Maritime Middle East offers a dynamic, free-to-attend conference programme, including ...

  Read More »
• 15 August

  Dubai explores business prospects in India’s jewellery sector

  DUBAI / WAM The Dubai Chamber of Commerce and Industry concluded a study mission to India, which explored business opportunities in the country’s gems and jewellery sector. The study mission included visits to Mumbai and Delhi and coincided with the India International Jewellery Show, the largest event of its kind in India, where the Dubai Chamber hosted a seminar attended ...

  Read More »
• 15 August

  Vestas soars on order intake, share buyback plan

  

  Bloomberg Vestas Wind Systems A/S surged the most in two years after the wind turbine maker announced a $227 million share buyback and said its orders rose. “Order intake was very strong, and profitability was clearly above market expectations,” said James Evans, an analyst at Bloomberg Intelligence. It was “aided by Vestas’ new push into co-developing projects, with two US ...

  Read More »