May, 2018

• 27 May

  Fujairah’s foreign trade rises 5.9% to AED14.4bn

  

  FUJAIRAH / WAM The total foreign trade of Fujairah during 2017 was valued at AED14.377 billion, 5.9 percent higher than the 2016 figure of AED13.577 billion, according to the 2017 Yearbook issued by the Fujairah Statistical Centre. Direct foreign trade rose from AED5.995 billion in 2016 to AED6.372 billion in 2017, an increase of 6.3 percent. Of this, imports accounted ...

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• 27 May

  OPEC, allies reach goal of wiping out oil glut

  

  Bloomberg OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their collective production cuts achi- eved a key goal of draining the surplus in global stockpiles. The excess in oil inventories, which has weighed on prices for three years, plun-ged in April to less than the five-year average for stockpiles in developed nations, ...

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• 27 May

  Dewa, Finnish firm discuss ties in renewables

  DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) received a delegation from the Finnish company, Valmet in the renewable energy sector. Saeed Mohammed Al Tayer welcomed the Finnish delegation and discussed enhancing cooperation and exchanging best international experiences and expertise between Dewaand Finnish companies in renewable, clean energy and environmental sustainability.

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• 27 May

  UAE GCAA signs air services deal with Kiribati

  ABU DHABI / WAM The Government of the UAE and the Government of the Republic of Kiribati initiated an Air Services Agreement (ASA). Omar bin Ghaleb, Deputy Director-General of the General Civil Aviation Authority (GCAA) of UAE, and Willie Tokataake, Ministry of Information, Communication, Transport and Tourism Development, of Kiribati signed the MoU. Saif Mohammed Al Suwaidi, GCAA Director-General said, ...

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• 27 May

  2nd annual FinTech Abu Dhabi Innovation Challenge launched

  

  ABU DHABI / SINGAPORE/ WAM Abu Dhabi Global Market (ADGM), and KPMG Lower Gulf Limited (KPMG LG), have announced the launch of the second edition of the FinTech Abu Dhabi Innovation Challenge. The inaugural Innovation Challenge, organised last year, generated strong interest among regional financial institutions about the potential benefits of collaborating with FinTech start-ups. As a result, this year’s ...

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• 27 May

  ERC organises iftar at Sheikh Zayed bin Sultan mosque in Yemen’s Aden

  

  ADEN / WAM The Emirates Red Crescent (ERC), held an iftar at the Sheikh Zayed bin Sultan Al Nahyan Mosque in Aden Governorate, Yemen, as part of its Ramadan iftar project for the Holy Month of Ramadan. The ERC volunteer team provided Iftar meals at the mosque for hundreds of people who came for prayers. The worshippers who participated in ...

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• 27 May

  Dubai Culture earns ISO certification

  

  Dubai / WAM Dubai Culture has announced that it has earned the ISO/IEC 27001:2013 for establishing, implementing, maintaining and continually improving an information security management system within the organisation. The Authority received the certificate after passing a stringent audit process run by BSI Group – the national standards body of the United Kingdom that supplies certification and standards-related services to ...

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• 27 May

  Index Holding inaugurates new branch in Singapore

  Dubai / Emirates Business Index Holding announces the opening of its new branch in Singapore, due to its strategic location in the Asia-Pacific region and its strong economic and commercial ties with the UAE. Through its new branch, INDEX Holding aims to keep up its constant endeavor of supporting the UAE vision and strengthening its position in different parts of ...

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• 27 May

  Azimut Yachts wins at ‘world superyacht awards 2018’

  

  Dubai / Emirates Business Azimut Yachts has marked one of its great achievements by being awarded from the World Superyacht Awards 2018. The award’s panel has rewarded the perfect intuition shown by the designers of the Grande 35 Metri, which satisfies the modern owner’s needs by offering plenty of space for life on board, both outdoors and below deck. The ...

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• 27 May

  Dubai Chamber honours ‘Give and Gain Week 2018’ participants

  

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry’s Centre for Responsible Business honoured community and community partners who participated in Give and Gain Week 2018 during a special ceremony at its premises. Give and Gain Week 2018 was organised under the ENGAGE Dubai corporate volunteering programme. The week-long event was the largest volunteering event to be organised ...

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