August, 2017

• 23 August

  US Nafta pull out looks inevitable, says Trump

  

  Bloomberg President Donald Trump, speaking on Tuesday night in Arizona near the Mexican border, said it looks inevitable the US will pull out of the North American Free Trade Agreement (Nafta). It’s a now familiar threat — but no less concerning given the US just this week wrapped up the first round of negotiations with Mexico and Canada to revise ...

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• 23 August

  Dubai Exports’ new Hong Kong office to boost bilateral trade

  

  HONG KONG / WAM As part of its mandate to facilitate trade from Dubai and create an enabling environment for Dubai’s exporters, Dubai Exports, the export promotion agency of Dubai Economy, has expanded its network with the opening of a new overseas trade office (OTO) in Hong Kong. The Hong Kong office, the 7th in its growing international network for ...

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• 23 August

  Etihad, official airline sponsor of ‘Worldskills Abu Dhabi 2017’

  ABU DHABI / WAM Etihad Airways has been announced as the official airline sponsor of WorldSkills Abu Dhabi 2017 the biggest vocational education and skills excellence event in the world. The event will bring more than 3,000 competitors and industry experts from up to 75 countries to the Abu Dhabi National Exhibition Centre, ADNEC, from October 14-17. The 44th edition ...

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• 23 August

  Sharjah FDI forum to discuss sustainable economies, future plans

  

  Sharjah / Emirates Business The second and concluding day of the Sharjah FDI Forum 2017, scheduled to take place on 20 September, 2017 under the patronage of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council Ruler of Sharjah, will address current dominant economic trends, sustainable economies, the impact of technology on education, small enterprises ...

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• 23 August

  NMC Health H1 net profit jumps 39%

  Emirates Business NMC Health plc (LSE:NMC) (‘NMC’), the leading integrated private healthcare network operator in the GCC region including United Arab Emirates and one of the leading global providers of fertility treatments through its European, South American and Middle Eastern subsidiaries, announced its interim results for the six months ended June 30, 2017. The net profit in H1 2017 reached ...

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• 23 August

  Stock markets back in green

  ABU DHABI / WAM UAE stock markets were back in the green Wednesday thanks to a streak of selective buys of blue chips at the property and banking sectors, with ADX General Index closing high 0.30 percent at 4487 points, despite the tranquil start of trading. DFM General Index followed suit, closing at 3624, a growth of 13 points over ...

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• 23 August

  Expansion, investments to fuel UAE’s logistics sector growth

  

  DUBAI / WAM Expansion projects and new investments are expected to fuel growth within the UAE’s logistics sector over the next five years, according to a recent analysis by the Dubai Chamber of Commerce and Industry. The positive outlook is supported by expectations of strong growth in the country’s air and sea freight markets. The analysis, based on recent data ...

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• 23 August

  ADFD pledges aid to Dar Zayed for Family Care

  

  SHARJAH/ WAM The Abu Dhabi Fund for Development (ADFD), a leading national entity for development aid, on Wednesday announced a financial endowment to Dar Zayed for Family Care. The monetary aid will empower the UAE society through community development efforts. A cheque-handing-over ceremony was held at the ADFD’s headquarters and attended by Khalifa Al Qubaisi, Deputy Director-General of ADFD, and ...

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• 23 August

  Emirates REIT net rental income up 31%

  DUBAI / Emirates Business Emirates REIT (CEIC) Limited (“Emirates REIT” or the “REIT”), the world’s largest Shari’a compliant Real Estate Investment Trust, managed by Equitativa (Dubai) Limited (“Equitativa Dubai”), reported its unaudited first half financial results for the period ended June 30, 2017. The company recorded a 31% growth in net rental income to 21.5% million. Strong rental income conversion ...

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• 23 August

  Tadweer conducts campaign on preserving sea and marine wealth

  ABU DHABI / WAM The Waste Management Centre – Abu Dhabi, known as Tadweer, has organised a clean-up and awareness campaign at the fishermen’s port in Abu Dhabi, targeting boat owners and residents, in order to preserve the sea and marine wealth. Faris Al Mazrouei, Acting Project Manager of Collection and Transport at the organisation, said, “This campaign is part ...

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