October, 2017

• 29 October

  Vietnam’s biggest-ever initial public offering prices at top

  Bloomberg Vincom Retail JSC’s existing investors raised $709 million after pricing an initial public offering of the Vietnamese mall operator at the top end of a marketed range. Existing shareholders including Warburg Pincus and Credit Suisse Group AG priced 396.5 million shares at 40,600 dong apiece, according to terms for the deal obtained by Bloomberg. The stockholders initially offered 380.2 ...

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• 28 October

  Dubai launches $735mn e-commerce free zone

  

  DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), witnessed the launch of ‘Dubai CommerCity,’ an AED2.7-billion ($735mn), 2.1-million square feet joint venture between DAFZA and wasl Asset Management Group, in the Umm Ramool area. Dubai CommerCity, the first free zone dedicated to e-commerce in the MENA region, is strategically intended ...

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• 28 October

  UAE calls for women’s participation in peace efforts

  NEW YORK / WAM The UAE has called for the international community to promote the participation of women in peace and security efforts to prevent conflict and promote sustainable peace at the UN Security Council’s open debate on Women, Peace and Security (WPS). The UAE reaffirmed its commitment to advocate for the full participation of women in all aspects of ...

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• 28 October

  UAE-India forum to focus on meeting $100bn bilateral trade target by 2020

  

  Dubai / Emirates Business The third edition of the annual UAE-India Economic Forum (UIEF) will be staged in Dubai on November 8 and 9, aimed to explore bilateral economic and commercial relations between the two countries to the next level. The UIEF is supported by the UAE Ministry of Economy and endorsed by UAE International Investors Council, UAE – India ...

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• 28 October

  ADWEA’s arm launches projects worth AED359mn

  ABU DHABI / WAM Abu Dhabi Transmission and Despatch (TRANSCO), a subsidiary of the Abu Dhabi Water and Electricity Authority (ADWEA), launched a package of new expansion projects in the emirate of Abu Dhabi and the northern region, at a total cost of AED359 million. Abdullah Ali Musleh Al Ahbabi, Chairman of the ADWEA Board of Directors, said the projects ...

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• 28 October

  Saudi ready to extend oil output cut deal

  KHOBAR / Reuters Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement. “The Kingdom affirms its readiness to extend the production cut agreement, which proved its feasibility by rebalancing supply and demand,” the crown prince said in a statement. “The high demand for oil has absorbed the ...

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• 28 October

  UAE among top investors in Africa

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry’s efforts in backing small and medium enterprises in Africa have led to further Gulf Cooperation Council (GCC) investment in the continent, concluded the Economist Intelligence Unit (EIU) report, “New Horizons: Next generation Africa-GCC business ties in a digital economy”. Sponsored by the Dubai Chamber and launched in preparation for ...

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• 28 October

  ‘Aviation sector plays key role in UAE’s development’

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited Emirates Airline’s lab at the Dubai Future Accelerators facility in Emirates Towers on Saturday. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council; HH Sheikh Maktoum bin ...

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• 28 October

  DEWA completes 453 photovoltaic installations

  

  Dubai / WAM Dubai Electricity and Water Authority (DEWA), has connected 453 photovoltaic (PV), installations on the roofs of residential, commercial and industrial buildings in Dubai, with a total capacity of about 18.7 MW. This was carried out under the ‘Shams Dubai’ initiative launched by DEWA to encourage customers to install solar photovoltaic panels on the roofs of their premises ...

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• 28 October

  First Azur Air charter flight from Moscow arrives in Abu Dhabi

  

  Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi has partnered with Anex Tourism Group, a leading aviation and tourism services provider, to direct charter flights between Russia and Abu Dhabi. As part of the agreement, twice-weekly charter flights from Moscow to Abu Dhabi International Airport will operate for six months. Indicative of the rising demand ...

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