June, 2016

• 5 June

  ADDED raid seizes counterfeit goods

  

    ABU DHABI / WAM Abu Dhabi Department of Economic Development’s Abu Dhabi Business Center (ADBC) has launched 247 inspection raids to stores and commercial establishments in Abu Dhabi, Al Ain and the Western Region in the first quarter of 2016, where 200,428 counterfeit products were confiscated including auto spare parts, electronic devices, clothes, accessories, beauty products and other items. …

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• 5 June

  UAE ‘LEEDing’ way in green drive

  

    Ritika Sharma / Emirates Business With ample support and motivation from the leadership, UAE has already earned a global recognition in taking up ‘green initiatives’. Further strengthening the country’s commitment towards a sustainable future and leading by example, Ladybird Early Learning centre is all set to open UAE’s first school that will hold LEED Gold certification. Ladybird Early Learning …

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• 5 June

  Canon Emirates signs 100th MPS pact in UAE

    Dubai / Emirates Business Canon Emirates (CE), a subsidiary of Canon Middle East, celebrated the signing of its 100th Managed Print Service (MPS) contract in the UAE. A gala event was held at Palazzo Versace to mark the occasion and to launch Canon Business Services, a consulting arm of Canon that will offer a wide range of value-driven solutions …

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• 5 June

  Slow down on the road for a safer holy month

  

    Dubai / Emirates Business The award-winning UAE road safety campaign, A Safe Ramadan, is returning with an ambitious target to help drivers reduce accidents throughout the Holy Month. Al Nabooda Automobiles, the exclusive distributor of Porsche, Audi and Volkswagen in Dubai and the Northern Emirates, has underlined its commitment to the community by becoming a main sponsor of this …

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• 5 June

  Saudi non-oil private sector shows an upward trend

  

    Riyadh / Emirates Business Saudi Arabia’s non-oil private sector looked to be in good shape midway through the second quarter, as business conditions improved to the greatest extent since last November. Both output and new orders rose sharply in May, with the rate of expansion in the latter picking up to a five-month high. Companies raised their input buying …

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• 5 June

  Morocco aims for flexible currency system in 2017

    Reuters Morocco is aiming to introduce a flexible exchange rate system in the early part of 2017, its central bank governor said on Sunday. “We are considering the move currently from fixed exchange rate to a flexible exchange rate,” Abdellatif Jouahri told reporters on the sidelines of an Arab finance ministers event. Jouahri said the country would work with …

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• 5 June

  Egypt non-oil biz sector slows in May

  

    Reuters Business activity in Egypt shrank for the eighth straight month in May but at a lesser extent than previous three months, a survey showed on Sunday. The Emirates NBD Egypt Purchasing Managers Index (PMI) for the non-oil private sector recorded 47.6 points in May after 46.9 points in April, remaining below the 50-point mark that separates growth from …

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• 5 June

  Anger seethes over fish deaths in Vietnam

  

    Hanoi / AFP Dozens of activists were detained in Vietnam’s two biggest cities on Sunday as they tried to hold protests calling for greater government transparency over a recent spate of mass fish deaths. Tonnes of dead fish and other marine life began washing up on central Vietnamese shores two months ago and continued to appear for two to …

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• 5 June

  Modi in Qatar talks natural gas supply, workers’ rights

  

    DUBAI / AP Indian Prime Minister Narendra Modi paid his first official visit to gas-rich Qatar, where he met the Gulf country’s leaders on Sunday to discuss economic ties. Qatar is one of the world’s largest suppliers of liquefied natural gas. Qatari media says it supplies India with more than 85 percent of its gas needs. The Indian Embassy …

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• 5 June

  Sri Lanka ammunition dump explodes, thousands flee

    Colombo / AFP A key military ammunition dump in Sri Lanka exploded Sunday showering shrapnel over a large area on the edge of the capital forcing thousands to flee to safety, officials said. There were no immediate reports of casualties at the Salawa military camp where security forces are known to store some of their heavy weaponry and ammunition, …

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