February, 2018

• 19 February

  Gulf sluggish as Waha cuts dividend; big bank boosts Egypt

  

  Reuters Gulf stock markets were sluggish on Monday, with a dividend cut pulling down major Abu Dhabi-listed financial firm Waha Capital, but Egypt’s bourse rose on the back of a gain by its biggest bank. Equities in the Gulf rallied along with oil late last year and Saudi Arabia saw its largest-ever inflow of equity funds last month. But Brent ...

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• 19 February

  UMEX, SimTEX witness 25% growth in number of participating firms

  

  ABU DHABI / WAM The third editions of Unmanned Systems Exhibition and Conference (UMEX), and Simulation Exhibition and Conference (SimTEX), will run from February 25-27, at the Abu Dhabi National Exhibition Centre (ADNEC), under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Organised ...

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• 19 February

  UAE achieves top ranking across nine global economic indices

  

  Abu Dhabi / WAM The UAE has achieved top rankings across nine economic indices covering economic affairs in a series of recently released global competitiveness reports and indices for 2017 and 2018. The Ministry of Economy revealed that these achievements are part of its continuing efforts to achieve the set goals of the government’s ‘Number One Challenge’ project, which aims ...

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• 19 February

  DWSC showcases its products, services at Gulfood 2018

  Dubai / Emirates Business Dubai Wholesale City (DWSC), the global hub for trade and manufacturing, is showcasing its latest comprehensive products and services portfolio catered to the food industry at Gulfood 2018, the world’s largest annual food trade show. DWSC significantly expanded its offering to the food industry with the launch of Dubai Food Park (DFP) in July 2017, and ...

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• 19 February

  DEWA strengthens relations with USGBC

  DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority, DEWA, and Mahesh Ramanujam, CEO of the US Green Building Council (USGBC), and Green Business Certification, have discussed ways to enhance cooperation in innovation, renewable energy, climate change and sustainability. Al Tayer presented DEWA’s renewable and clean energy and sustainability projects that are aligned ...

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• 19 February

  Al-Ittihad, WSJ forge commercial ties

  

  Abu Dhabi / WAM Abu Dhabi Media’s ‘Al-Ittihad’ newspaper has entered into a commercial partnership with The Wall Street Journal, (WSJ), to leverage its unparalleled reporting and analysis to expand its readership and strengthen its digital news offering. The agreement signing took place on Monday and was attended by Dr. Ali bin Tamim, Director-General of Abu Dhabi Media; Dr. Obaid ...

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• 19 February

  MEVP Capital gets DFSA’s asset management licence

  

  Dubai / Emirates Business MEVP Capital, a member of the Middle East Venture Partners (MEVP) Group, announced that it has received its Category 3C license from the Dubai Financial Services Authority (DFSA) to operate as a DFSA Authorized Firm. MEVP Capital is one of the first DFSA-licensed Venture Capital (VC) Asset Managers in the UAE. This significant step confirms that ...

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• 19 February

  Emirates plans to launch new service to Auckland via Bali

  

  DUBAI / Emirates Business Emirates on Monday announced its plan to launch a new daily service from Dubai to Auckland via the island of Bali, Indonesia, starting from June 14. The new service will offer global travellers a total of three daily services to New Zealand, complementing Emirates’ existing non-stop daily service between Dubai and Auckland and its current daily ...

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• 19 February

  MoE, Swiss Science Center to launch sci-hub in UAE

  DUBAI / WAM Marwan Al Sawaleh, Under- secretary for Academic Affairs at the Ministry of Education, signed on Monday a Memorandum of Understanding (MoU), with Thorsten Kunnemann, Director of the Swiss Science Center, Technorama, to establish a centre for science in the UAE. Signed on the 4th day of the National Science, Technology and Innovation (NSTI) Festival, the MoU comes ...

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• 19 February

  US oil exports go up a gear as supertanker sets sail for China

  

  Bloomberg The flood of US oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments. The Louisiana Offshore Oil Port, or LOOP, the only deep water port in the US able to handle the industry’s biggest tankers, said in a statement it had successfully ...

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