August, 2017

• 23 August

  High-level meet discusses ways to boost local maritime industry

  

  ABU DHABI / Emirates Business The Dubai Maritime City Authority (DMCA) received high-level delegation from Land and Sea Ports Sector of General Directorate of Residency and Foreigners Affairs led by Brigadier Salah Ahmad Al-Qamzi, Assistant Director General of the Land & Sea Ports Sector, in its headquarters in Dubai. The meeting underscored the importance of an integrated government system to ...

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• 23 August

  Etihad recognises partnership with women for Emirati Women’s Day

  ABU DHABI / WAM Etihad Aviation Group (EAG) is celebrating the third annual Emirati Women’s Day with a series of events to highlight this year’s theme, “Women are Partners in Giving”, in line with the UAE’s 2017 #Year of Giving initiative. Women comprise 36 percent of EAG’s nearly 26,000-strong workforce, many of whom are working alongside men in what are ...

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• 23 August

  UK Brexit concerns rise as businesses fret

  

  Bloomberg UK companies are getting more worried about the economy and feeling less confident in spending money on hiring or investing, according to a new report. The Recruitment and Employment Confederation said an index of economic conditions has fallen to the lowest this year, with a greater proportion of respondents to its survey saying things are getting worse. Employers are ...

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• 23 August

  Vanguard cuts Uber share price by 15%

  

  Bloomberg Vanguard Group and T. Rowe Price Group Inc. marked down the value of their shares of Uber Technologies Inc. by as much as 15 percent following a drumbeat of bad news, lawsuits and boardroom battles at the ride-hailing company. Vanguard cut the worth of the shares by 15 percent to $41.46 as of June 30 from the prior quarter, ...

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• 23 August

  WPP shares slump as ad giants cut forecast on weak spending

  

  Bloomberg WPP Plc shares had their biggest drop in 17 years after the world’s largest advertising company cut its full-year revenue forecast amid lower spending by customers, in particular consumer-goods manufacturers. The stock fell as much as 13 percent after WPP said like-for-like revenue growth is expected to be between zero and 1 percent in 2017. That’s down from an ...

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• 23 August

  Euro-area factories feed best growth spell for economy

  

  Bloomberg Surging demand for ‘Made in the Euro Area’ goods is feeding an economy that is creating jobs and finally also seeing price growth accelerate. A Purchasing Managers’ Index for manufacturing rose to 57.4 in August from 56.6 in July, according to IHS Markit. That’s the highest reading in two months and compares with a median estimate for a slowdown ...

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• 23 August

  US tightens sanctions on North Korea

  

  Bloomberg The US tightened its financial restrictions on North Korea, slapping sanctions on Chinese and Russian entities it accused of assisting Pyongyang’s development of nuclear weapons and ballistic missiles. It’s also seeking millions of dollars it said moved through the US as part of the alleged scheme. Prosecutors in Washington DC, are seeking to recover $11 million from companies based ...

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• 23 August

  Israel wants seat at table amid call to end Syria war

  

  Bloomberg As world powers seek an endgame to Syria’s six-year war, Israeli Prime Minister Benjamin Netanyahu wants a seat at the table. Israel says Iran and its Lebanese proxy Hezbollah are working to entrench themselves militarily in neighboring Syria, where they’re backing Syrian government troops, and it’s rattled that a recent truce deal brokered by Russia and the US doesn’t ...

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• 23 August

  US asks if Iran military sites to be checked under N-deal

  

  UNITED NATIONS / Reuters The United States wants to know if the United Nations atomic watchdog plans to inspect Iranian military sites to verify Tehran’s compliance with a 2015 nuclear deal, the US ambassador to the United Nations, Nikki Haley, said. Haley will meet with International Atomic Energy Agency (IAEA) officials in Vienna for what she described as a fact-finding ...

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• 23 August

  Trump calls out Pak even as security situation betters

  

  Bloomberg When US President Donald Trump accused Pakistan of continuing to provide a “safe haven to agents of chaos, violence and terror” it evoked memories of general lawlessness across the country in the years after 9/11 that drove investors from South Asia’s second-largest economy. While militants the US identifies as terrorists find refuge in Pakistan, safety within the nation has ...

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