June, 2018

• 6 June

  Aramco raises Asia oil pricing to 4-year high

  

  Bloomberg Saudi Arabia, the world’s largest oil exporter, raised pricing on key crude grades for buyers in Asia to the highest since 2014 as demand builds in the country’s biggest market amid threats to rival suppliers. State-owned Saudi Arabian Oil Co. raised its official selling price for Arab Light crude for July shipment to Asia by 20 cents to $2.10 ...

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• 6 June

  Chinese blockchain firm Tai Cloud enters UAE

  DUBAI / Emirates Business Beijing Tai Cloud Technology, the first blockchain company in China’s new OTC market, has announced the launch of its UAE operations aimed to leverage opportunities of trading in blockchain technology. Tai Cloud is a pioneer in the research and application development of the blockchain technology system in the People’s Republic of China. The company established the ...

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• 6 June

  Global growth poised to slow over next two years, says World Bank

  

  Bloomberg Global growth is set to slow over the next two years as central banks raise borrowing rates and US fiscal stimulus starts to fade, the World Bank said. The world economy will grow 3.1 percent this year and 3 percent in 2019, the development lender said in its latest Global Economic Prospects report. Both forecasts were unchanged from January, ...

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• 6 June

  Arab Coalition fighter jets destroy Houthi positions in Yemen

  Yemen / WAM The Arab Coalition forces in the Red Sea Coast of Yemen, have launched aerial strikes against the Iranian-backed Houthi militias east of Al Mesharie, Al Jarahi, Al Tahita, Al Hussainya and Zubaid, destroying their positions. The strikes and artillery shelling also targeted Houthi vehicles and reinforcements in several sites near the city of Zubaid, crippling Houthi military ...

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• 6 June

  95 Emiratis qualify for next stage to join UAE Astronaut Corps

  

  DUBAI / WAM The Mohammed Bin Rashid Space Centre  announced that 95 out of the 4,022 applicants have been shortlisted for the UAE Astronaut Programme, part of the UAE National Space Programme. It aims to train and prepare a team of Emiratis to be sent to space for various scientific missions. The programme was announced by His Highness Sheikh Mohammed ...

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• 6 June

  UAE, Saudi Arabia discuss ways to further boost ties

  JEDDAH / WAM Reem Al Hashimy, Minister of State for International Cooperation, and Ahmed Qattan, Saudi Minister of State for African Affairs, discussed the outstanding relations binding the UAE and Saudi Arabia as well as ways to further develop them to serve the interest of the two nations and their peoples. The meeting, which was attended by Sheikh Shakhbout Al ...

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• 6 June

  AMAF dedicates AED65mn to education, healthcare and charity programmes

  

  Dubai / Emirates Business In line with the Holy Month of Ramadan and the Year of Zayed, the Awqaf and Minors Affairs Foundation (AMAF) has earmarked AED65 million from its endowment mandates, zakat (alms) funds and donations to charity programs in education, healthcare, and other humanitarian projects. The step will help AMAF achieve its goals of instilling the culture of ...

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• 6 June

  Gulftainer achieves record productivity

  

  Sharjah / Emirates Business Gulftainer, the world’s largest, privately owned, independent port operator based in UAE, announced that it had recorded gross crane productivity of 32.2 crane moves per hour at its flagship gateway terminal, Sharjah Container Terminal (SCT), in Port Khalid. The milestone feat achieved in April 2018, compares to the industry average of 25 crane moves per hour, ...

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• 6 June

  FBC business centre to attract French investors to Dubai

  

  DUBAI / Emirates Business Dr Mohammed Al Zarooni, Vice Chairman and CEO of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, on Wednesday inaugurated the ‘Business Centre by FBC’ initiated by the French Business Council of Dubai and Northern Emirates (FBC) to attract French companies to the UAE . ...

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• 6 June

  Abu Dhabi, Hong Kong deal to promote, support financial services innovation

  

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Hong Kong Securities and Futures Commission, HK-SFC, have entered into a cooperation agreement to jointly promote and support financial services innovation in the UAE and Hong Kong. The agreement was signed between Philippe Richard, Director of International Affairs of the Financial Services ...

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