May, 2018

• 12 May

  Britons invest $8.47bn in Dubai real estate

  

  ABU DHABI / WAM British nationals have invested $8.47 billion (AED31.1 billion) in Dubai’s real estate during the last four years (2014-2017), according to the statistics released by Dubai Land Department (DLD). The United Kingdom is one of the largest investment source markets for Dubai’s real estate. Following the Brexit vote in 2016 and subsequent move for separation from European ...

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• 12 May

  Mexico takes first step towards world’s largest annual oil deal

  

  Bloomberg Mexico has taken the first steps in the world’s largest annual oil deal, asking Wall Street banks and other traders for quotes to lock-in its income from production through next year, according to people familiar with the matter. The country has been asking counterparties this week for quotes to hedge output, the people said, asking not to be identified ...

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• 12 May

  Dubai closes gap with world’s most competitive economies

  

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has stated that Dubai’s rising global rankings in a range of economic indicators show that it is closing the gap with the world’s most competitive economies according to the vision of His Highness Sheikh Mohammed bin Rashid ...

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• 12 May

  African publishing industry has enormous potential for future: Bodour Al Qasimi

  

  LAGOS / WAM Sheikha Bodour bint Sultan Al Qasimi, Founder and President of Emirates Publishers Association (EPA) and Member of the International Publishers Association (IPA) Executive Committee, said that the African publishing industry has enormous potential for the future, including building essential cultural bridges with the rest of the world. Speaking to some of the most influential figures in publishing ...

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• 12 May

  46 countries registered with UAE scheme for halal products

  Abu Dhabi / WAM The UAE Scheme for Halal Products is increasingly gaining ground, with companies from 46 countries now on the list of Halal Certification Bodies registered with the Emirates Authority for Standardisation & Metrology (ESMA). The rate of growth witnessed in the Halal market shows that by 2030, it can be the biggest industry in the world. However, ...

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• 12 May

  ERC provides aid to displaced people in Taiz

  Taiz / WAM The Emirates Red Crescent (ERC), on Saturday offered emergency relief assistance to displaced and forcibly displaced people in Al Qadah, Daba’ and Assafi’yah District, southwest of Taiz, after a survey, conducted last week, to address the needs of displaced persons in those areas. The move, which is part of ERC’s initiatives in the “Year of Zayed”, included ...

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• 12 May

  GMIS embarks on roadshow in Toronto

  

  Toronto / wam The Global Manufacturing and Industrialisation Summit (GMIS) has highlighted the opportunities the Fourth Industrial Revolution (4IR) will bring to the global manufacturing sector as it addressed an audience in Canada through the latest edition of an international knowledge-sharing programme. The event in Toronto formed part of GMIS’ global roadshow programme, GMIS Connect, with a panel of industry ...

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• 12 May

  UAE is Moldova’s gate to other GCC states and Mena region

  

  Abu Dhabi / WAM The United Arab Emirates is Moldova’s gate to other GCC states and the entire MENA region, said Tudor Ulianovschi, Minister of Foreign Affairs and European Integration of the Republic of Moldova, before opening his country’s embassy in the UAE, which, he said, will serve the interests of the Moldovan community, not only in the Emirates, but ...

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• 12 May

  Winning drone sweepstakes that Amazon lost

  

  Bloomberg At Memphis International Airport, drones may soon be inspecting planes and delivering airplane parts for FedEx Corp. In Reno, Nevada, they will test airlifting life-saving defibrillators to patients. And customers in Virginia could get goods they ordered from Alphabet Inc.’s flying devices. A who’s who of technology and aviation companies won US approval on May 9 to push the ...

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• 12 May

  Amazon sells Alexa’s smart-home in Lennar models

  

  Bloomberg Looking to sell its customers on the latest and greatest smart-home technology, builder Lennar Corp. flirted with Siri. Now it’s decided to go steady with Alexa. Lennar’s model homes — equipped with video doorbells, Sonos speakers and Amazon.com Inc.’s voice-activated Echo (known by its wake-word, “Alexa”) — will double as Amazon Experience Centers, the tech giant said. The builder, ...

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