March, 2016

• 8 March

  Mohammed, Biden discuss regional politics, security

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received US Vice President Joe Biden and the accompanying delegation at Zabeel Palace on Tuesday morning. Sheikh Mohammed and Biden held long talks on friendship and existing cooperation between the UAE and the United States of America. They …

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• 8 March

  APICORP lists US$500mn Sukuk on Nasdaq Dubai

  

  ABU DHABI / WAM Dr. Aabed Al Saadoun, Chairman of the Arab Petroleum Investments Corporation (APICORP) on Tuesday rang the market-opening bell to celebrate the listing of a US$500 million Sukuk on Nasdaq Dubai. The total nominal value of Sukuk currently listed in Dubai has now reached US$37.81 billion, reinforcing its position as the largest centre in the world for …

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• 8 March

  Almas Bazar Expo on March 11

  

  DUBAI / WAM The 10th edition of the Almas Bazar Exhibition is all set to be launched in Dubai under the slogan “Arab Women’s Ultimate Destination.” The event will bring participants from all over the Arabian Gulf region and Middle East, and will also be attended by VIP ladies, wives of ambassadors, artists, trade marks’ owners, and fashion and beauty …

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• 8 March

  EPG offers value-added services to big corporates

  

  Dubai / WAM Emirates Post Group (EPG) has said that its ‘Tejari Box’ service offers many value-additions to owners of multiple trade licenses, allowing them to rent a single P.O. Box for all trade licenses issued in the same emirate, provided they are under the same owner’s name. Chief Commercial Officer of EPG, Ibrahim Bin Karam, said that the Tejari …

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• 8 March

  SCCI, China to strengthen economic ties

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) and an economic delegation from the People’s Republic of China, have discussed ways to develop and strengthen economic relations between the two countries in general and Sharjah Chamber in particular. The two sided also discussed the possibility of laying the foundations for the establishment of cooperative relations between the …

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• 8 March

  DEWA’s ‘video’ to support hearing-impaired customers

  

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) has released its first set of tutorial videos that use sign language to showcase DEWA’s three major services to support hearing-impaired customers. The move supports the Smart Dubai initiative, launched by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and DEWA’s commitment …

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• 8 March

  Canada’s face-off with a catch 22 situation

  

  Bloomberg The Bank of Canada may be forced to throw cold water on a rally in the Canadian dollar that’s threatening to derail the country’s economic growth. The central bank’s interest-rate decision this week will need to factor in a currency that’s gained the most among developed nations since policy makers helped get the rally going at their Jan. 20 …

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• 8 March

  Brazil real gains as speculation mounts Rousseff will be ousted

  

  Bloomberg Brazil’s real strengthened, defying a slump in emerging-market currencies, as reports that President Dilma Rousseff could be directly implicated in a widening corruption scandal fueled speculation she’ll be ousted. Investors who think that a new government would be better positioned to lift the country out of its economic morass sent the real up 0.4 percent to 3.7722 per dollar …

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• 8 March

  Chile’s inflation rate fell in February as economy weakens

  Bloomberg Chile’s inflation rate fell for the first time in three months in February after the economy expanded at the slowest pace in almost six years. Consumer prices rose 4.7 percent from the year earlier, the National Institute of Statistics said on Tuesday in a report on its website, compared with 4.8 percent the month before. The median estimate of …

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• 8 March

  Pacific Alliance seek to reassure investors amid turmoil

  Bloomberg Finance ministers from Mexico, Colombia, Chile and Peru met investors in New York in an attempt to reassure the markets of the stability of their economies after a slump in commodity prices and economic malaise in Brazil. The four countries, which formed the Pacific Alliance in 2011 to integrate their economies, explained to investors how they’ve have been responding …

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