June, 2018

• 3 June

  Dubai Customs, Friends of Cancer Patients sign agreement

  Dubai / WAM The Director of Dubai Customs, Ahmed Mahboob Musabih, and the Chairperson of Friends of Cancer Patients Society (FoCP), Sawsan Jafar, have signed a strategic agreement on Sunday. The agreement will see Dubai Customs support the FoCP’s efforts and activities including awareness campaigns and donations. Commenting on the signing, Musabih said, “We are happy to have signed this ...

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• 3 June

  UBF launches financial literacy handbook for SMEs

  

  Dubai / Emirates Business In view of financial literacy’s critical role in the success of an economy and sustainable development of a society, the UAE Banks Federation (UBF), has stepped up its efforts to increase the level financial awareness in the country. For organizations, financial knowledge is the foundation for long-term growth as understanding business finance enables companies and business ...

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• 3 June

  Exxon says world needs more oil even as emission concern lingers

  

  Bloomberg Exxon Mobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand. Exxon is planning to invest more than $200 billion in major oil and gas projects around the world over seven years, a signal that ...

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• 3 June

  Russian oil output tops OPEC target ahead of Vienna talks

  

  Bloomberg Russia breached its oil-output quota agreed with OPEC for a third straight month as the producing alliance prepares for crucial talks this month on increasing supplies. Oil output averaged 10.97 million barrels a day in May, almost unchanged from a month earlier, according to data emailed by the Energy Ministry’s CDU-TEK statistics unit. That means its compliance with the ...

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• 3 June

  Trump duties help double US solar capacity

  Bloomberg President Donald Trump wanted more US solar manufacturing — and now he’s getting it. Hanwha Q Cells Korea said it will build a factory in Georgia. JinkoSolar Holding Co. of China is planning one in Florida. And US companies SunPower Corp. and First Solar Inc. say they’ll boost production in Oregon and Ohio. The expansion underscores how immediate the ...

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• 3 June

  As Trump confronts China on trade, Taiwan tensions build

  

  Bloomberg Even as defense ministers and military chiefs meeting in Singapore called out China for parking missiles on outposts in the disputed South China Sea, a bigger potential China-related hot spot looms. Concern about Taiwan — and recent sparring between Beijing and Washington over the democratically run island — percolated discussions at the annual IISS Shangri-La Dialogue, which was otherwise ...

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• 3 June

  South Korea exports rebound as chip shipments hit record

  

  Bloomberg South Korea’s exports rebounded in May following a surprise contraction in April as shipments of semiconductors hit a record high, a positive sign for global growth. Exports rose 13.5 percent in May from a year earlier, while imports jumped 12.6 percent, leaving a trade surplus of $6.73 billion. South Korea releases its trade data earlier than most other major ...

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• 3 June

  S’pore’s biggest property broker plans $30mn IPO

  Bloomberg PropNex Realty Pte, Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed Singapore initial public offering, people with knowledge of the matter said. The company is targeting a market capitalisation of as much as S$250 million, the people said, asking not to be identified as the deliberations are private. PropNex is considering launching ...

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• 3 June

  Samsung plans camera revamp for Note 9 launch

  

  Bloomberg Samsung Electronics Co. plans to highlight an upgraded camera when it unveils its next Galaxy Note smartphone on August 9, according to people familiar with the matter. The new model, likely to be called the Note 9, will look similar to last year’s model, but will also include an upgraded processor from Qualcomm Inc. for some markets, the people ...

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• 3 June

  After $32bn rally, TCS CEO sees path to even faster growth

  

  Bloomberg These are challenging times for India’s technology-services industry. Growth has slowed. Profits are pinched. Layoffs, once unheard of, are commonplace. Many of the businesses’s own leaders think its best days are in the past. Rajesh Gopinathan is not one of them. The chief executive officer of Tata Consultancy Services Ltd. argues the industry’s opportunities today are bigger than they’ve ...

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