August, 2018

• 1 August

  Ministry launches first phase of ‘Masaai Al Khair’

  DUBAI / WAM The Ministry of Community Development (MOCD) partnered with Dubai Holding and Dubai Municipality to implement the first phase of the ‘Masaai Al Khair’ initiative that seeks to provide home maintenance and renovation support for social security beneficiaries and low-income families in Dubai. As part of the AED10 million initiative, phase one covers residences in Dubai’s Jumeirah, Hatta ...

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• 1 August

  Dewa, MHRE boost cooperation, strategic ties

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has signed a Memorandum of Understanding (MoU) with the Mohammed bin Rashid Housing Establishment (MRHE) to improve their strategic partnership, exchange knowledge and skills, work closely together, and effectively coordinate with each other. The MoU supports the both institutions organisational objectives and will help implement comprehensive housing projects; including residential and ...

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• 1 August

  Abu Dhabi to host regional nurses’ conference

  

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) will host the International Council of Nurses’ first Regional Conference at its Abu Dhabi National Exhibition Centre from September 25th to 27th 2018. This important Conference will be co-hosted with the Emirates Nursing Association (ENA) and in collaboration with the SEHA International Nursing, Midwifery and Allied Health conference. This ...

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• 1 August

  Azizi’s Al Furjan project set to complete by 2018 end

  

  DUBAI / Emirates Business Azizi Developments, one of the leading private developers in the UAE, is set to complete Shaista Azizi, one of their five projects in Al Furjan due for completion, at the end of the year. The project is advancing at a fast pace with elevation works, mechanical and electrical installations progressing to the eighth floor and upwards. ...

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• 1 August

  OPEC producer taps lenders for $1.1bn loan in shale push

  

  Bloomberg Kuwait Foreign Petroleum Exploration Co. (Kufpec) is borrowing $1.1 billion to spend on oil and natural gas projects as the company plans to expand its shale operations, Chief Executive Officer Sheikh Nawaf Saud Al-Sabah said. Sumitomo Mitsui Banking Corp. and Societe Generale SA were the joint lead arrangers of the five-year loan for Kufpec, a unit of state-run Kuwait ...

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• 1 August

  Planned $500 billion Saudi Robotic City hosts cabinet meeting

  Bloomberg Saudi Arabia’s King Salman held his first-ever cabinet meeting in Neom, a planned $500 billion futuristic city that will host more robots than people in a desolate peninsula in the kingdom’s northwest. The sci-fi city on the Red Sea coast is designed to represent Saudi Arabia’s efforts to transform itself away from oil. The 82-year-old monarch’s visit there for ...

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• 1 August

  CleanFund seals $103mn bond deal for renewables, water

  Bloomberg A California-based clean-energy financing company closed a $103 million bond offering backed by commercial loans supporting renewables, energy-efficiency and water and seismic-upgrade projects. CleanFund Commercial PACE Capital Inc.’s bond deal is one of the first to bundle C-PACE obligations — commercial property assessed clean-energy — according to a statement. PACE uses property tax liens to repay the debts. The ...

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• 1 August

  As Trump brings home war dead, families blast US agency

  

  Bloomberg North Korea’s return of about 55 American war dead marks a hopeful milestone in their almost seven-decade journey home. But it could be years before they’re reunited with their families, and some families blame the US government agency charged with identifying them. The remains, which US Vice President Mike Pence was expected to formally accept on Wednesday in a ...

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• 1 August

  China may be ‘getting in our way’ on North Korea, says Trump

  Bloomberg US President Donald Trump suggested China is obstructing nuclear talks with North Korea as the world’s two biggest economies tussle over trade. Trump’s remark at a political rally on Wednesday in Tampa, Florida, was the latest sign of friction between the US and North Korea, as they attempt to implement on Kim’s June 12 agreement to “work towards complete ...

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• 1 August

  Xi orders army to get out of kindergarten business

  Bloomberg China’s military has been ordered by President Xi Jinping to stop running kindergartens and other businesses and focus on fighting, as he attempts to overhaul the world’s largest army. Xi said during a meeting of the Communist Party’s 25-member Politburo that the armed forces should cease commercial activities by the end of the year, the official Xinhua News Agency ...

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