July, 2018

• 17 July

  ‘UAE-China Week’ begins

  Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, laun-ched ‘UAE-China Week,’ which is being held in Manarat Al Saadiyat from Tuesday until July 24. The event coincides with the visit of Xi Jinping, President of China, to the UAE, on Thursday, and celebrates the best of Emirati and Chinese culture. In a statement ...

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• 17 July

  Kuwait bank seeks talks to create $92bn Islamic lender

  

  Bloomberg Kuwait Finance House KSCP wants to hold renewed talks with Bahrain’s Ahli United Bank BSC about a takeover, a potential boost to the island kingdom as it seeks financial support from neighbours. Shares in Ahli United Bank, or AUB, rose 6.8 percent on Tuesday to the highest levels since April last year, valuing the Manama, Bahrain-based lender at $5.66 ...

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• 17 July

  Abu Dhabi firm challenges Cerberus bid for Abraaj unit

  Bloomberg A unit of Abu Dhabi Financial Group has made a fresh, $55 million offer for the rights to manage Abraaj Group’s funds, challenging a bid from Cerberus Capital Management LP, according to people familiar with the matter. Abu Dhabi Capital Management told Abraaj’s liquidators it would pay $30 million to buy the rights to manage Abraaj’s funds and $25 ...

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• 17 July

  Oil steadies after slump as traders remain wary over supply risks

  

  Bloomberg Oil steadied after another sharp pullback as traders remained wary over whether supplies will be sufficient to cover a range of global disruptions. Futures in New York traded near $68 a barrel, having tumbled 4.2 percent as Libya restored output at some fields and the US signalled it may take a slightly softer approach with sanctions on Iranian exports. ...

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• 17 July

  Dubai real estate brokerage commissions hit AED571mn

  

  DUBAI / WAM Dubai Land Department (DLD) announced that the real estate brokerage commissions reac-hed AED571 million during the first half of 2018, with a total of 5,181 active brokers, representing 2,113 offices, contributing to the sustainable growth achieved by the sector. The Department of Real Estate Studies and Research of the DLD also reported that the activities of the ...

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• 17 July

  DMCC inks deal to boost China trade in Dubai

  DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has signed an MoU with the Royal Fund Investments (RF) to cement strong bilateral trade relations with Chinese business community. The MoU commits both parties to connect and provide attractive business solutions for Chinese corporates looking to set up in Dubai ...

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• 17 July

  Etihad launches WhatsApp service for its passengers

  

  Emirates Business Etihad Airways, the national airline of the United Arab Emirates, launched a WhatsApp Business solution, allowing guests to communicate instantly with the airline via the popular messaging app. The new service, which is the latest element of Etihad Airways’ digital strategy, will provide an enhanced offering to premium guests when they are at Abu Dhabi International Airport, allowing ...

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• 17 July

  DBWC to enhance economic relations with Serbia

  

  DUBAI / WAM The Dubai Business Women Council (DBWC) discussed ways to enhance economic relations between business women of Dubai and Serbia, and enact joint economic and trade partnerships. This came during a recent meeting between Dr. Raja Al Gurg, President of the Dubai Business Women Council; and Stanimir Vukicevic, Ambassador of Serbia to the UAE, in the presence of ...

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• 17 July

  Adnoc marks group-wide safety day

  Abu Dhabi / WAM The Abu Dhabi National Oil Company, (Adnoc) on Tuesday marked its 2018 Group-wide Safety Day, with a renewed pledge to keep its people, assets, communities and the environment free from harm. The Safety Day took place one year after Adnoc launched its reinvigorated commitment to 100 percent HSE. Introducing a unified set of 10 Life Saving ...

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• 17 July

  ARN and Hala China to launch Chinese radio station in Dubai

  DUBAI / WAM The Arabian Radio Network (ARN), in partnership with Hala China, a joint initiative between Meraas and Dubai Holding, have announced the launch of a new dedicated 24-hour radio station called ‘The Sound of the Dubai Dragon’, which will serve the resident Chinese population in the UAE. The announcement follows the official launch of Hala China, which aims ...

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