February, 2018

• 24 February

  ‘Boeing’s priorities include investing in its factories, jets’

  

  Bloomberg Boeing Co.’s boss threw cold water on speculation that the aerospace giant is contemplating a major acquisition, reaffirming the company’s focus on “targeted” deals and returning cash to shareholders. CEO Dennis Muilenburg said Boeing’s top priorities are investing in its factories and jetliners while expanding shareholder returns. The planemaker has the “horsepower” to pursue deals while pouring cash into ...

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• 24 February

  Uruguay mall king eyes $60 million retail push

  

  Bloomberg Uruguay’s biggest commercial real estate developer wants to take its success in malls geared for the middle class to low-income neighbourhoods in the capital, Montevideo. Estudio Luis E Lecueder is studying building two shopping centres in northern Montevideo, senior partner Carlos Lecueder, 66, said in an interview. The firm will probably start work on those projects when its Plaza ...

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• 24 February

  Canada retail sales drop unexpectedly in two decades

  Bloomberg Canadian retailers ended their strongest year in two decades on a down note, with a disappointing Christmas shopping season pulling back sales in December. Receipts fell 0.8 percent to C$49.6 billion in January of 2017, Statistics Canada reported. It was the biggest monthly decline since March 2016. Economists were expecting no change during the month. For all of 2017, ...

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• 21 February

  UAE banks’ assets hit AED2.7 trillion in 2017

  ABU DHABI / WAM The UAE-based banks’ total assets surged to $734 billion (AED2.693 trillion) at the end of 2017 from AED2.642 trillion by the end of Q3 in the same year, continuing to be on top of GCC-based banks in terms of assets for the third year running. The resilient solvency of UAE banks comes on the back of ...

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• 21 February

  Mazrouei: Investment crucial as oil market rebalances

  

  Abu Dhabi / WAM The collapse in global oil prices between June 2014 and January 2016 led to nearly one trillion US dollars in investment being frozen or discontinued with “many hundreds of thousands of jobs” being lost throughout the industry, according to UAE Minister of Energy and Industry, Suhail bin Mohammed Faraj Faris Al Mazrouei. Now it is time ...

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• 21 February

  Abu Dhabi launches Arabic Natural Capital Protocol

  Abu Dhabi / WAM Hosted by the Abu Dhabi Sustainability Group (ADSG), the fourth annual Abu Dhabi Sustainable Business Leadership Forum has started in the capital, bringing together some of the greatest names and companies at the forefront of sustainable business across the region. Up to 200 of the region’s business leaders participated in a range of workshops, meetings and ...

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• 21 February

  MoE launches guide to advance innovation

  Abu Dhabi / Emirates Business HE Engr Sultan bin Saeed Al Mansoori, UAE Minister of Economy, successfully launched a new guide entitled, ‘The Innovative Guide for Companies in the UAE,’ which was done by the Ministry of Economy in cooperation with the National Research Council (CNR) – Research Institute on the Sustainable economic growth. The new guide was developed and ...

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• 21 February

  UAE, General Electric join forces to promote sustainable power

  Abu Dhabi / WAM The UAE Ministry of Energy and Industry and General Electric (GE) Power have organised a workshop to discuss best practices in promoting power plant flexibility and sustainability to help meet evolving energy needs in the country. The workshop was held in Abu Dhabi and attended by senior officials of the Ministry, leading power plant operators and ...

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• 21 February

  Abu Dhabi, Singapore sign nine joint utility project agreements

  

  Abu Dhabi / WAM Abu Dhabi and Singapore have signed nine Memorandum of Understanding (MoUs) in power and water sector, to facilitate development of joint projects in knowledge sharing, joint research and technology transfer in power and water sectors, and assist in setting up a World Class Capability Development Centre in Abu Dhabi. Awaidha Murshed Al Marar, Chairman Abu Dhabi’s ...

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• 21 February

  We are proud of our heroes

  

  Fujairah / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered his condolences to the family of martyr Sergeant Ali Khalifa Hashel Al Mesmari, who died while carrying out his duties as part of the Saudi-led Arab Coalition’s ‘Operation Restoring Hope’ in support of ...

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