August, 2017

• 13 August

  India’s $704-mn plane care market looks up

  Bloomberg Indian PMNarendra Modi’s tax reforms will encourage more local airlines to service their aircraft within the country, a $704 million-a-year business that currently goes to Sri Lanka and Southeast Asia. Simpler rules for doing business and scrapping of import duties on equipment and machine parts are benefiting companies that maintain, repair and overhaul planes, Air Works India Engineering Pvt. ...

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• 13 August

  Ivanka Trump brand to open NY store later this year

  

  Bloomberg Ivanka Trump is trying her hand at brick-and-mortar retail—again. The first daughter’s brand will open a store in Trump Tower on Manhattan’s Fifth Avenue, according to signage in the building. The location is slated to debut later this year, giving the tourists who throng to the site a chance to buy Ivanka Trump merchandise. It’s unclear what products will ...

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• 12 August

  VP, Mohamed send personal message to Emirati youth

  DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, sent a personal message to the Emirati youth on the occasion of International Youth Day, ...

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• 12 August

  AED21bn realty projects launched in Dubai in H1

  

  Dubai / Emirates Business Dubai Land Department (DLD) has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017. DLD has also confirmed that 68 real estate projects were registered during H1 2017, representing a value of AED 21 billion. His Excellency Sultan Butti bin Mejren, Director General of DLD, ...

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• 12 August

  UAE martyrs laid to rest

  

  Abu Dhabi / WAM The bodies of the four Emirati martyrs, Captain Ahmed Khalifa Al Baloushi, 1st Lieutenant Pilot Jassem Saleh Al Zaabi, Warrant Officer Mohammed Saeed Al Hassani, and Warrant Officer Sameer Mohammed Murad Abu Bakr, arrived at the Al Bateen Airport in Abu Dhabi. The bodies were accompanied by a number of officers from the UAE Armed Forces. ...

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• 12 August

  ADGM ties up with UAE Exchange to promote FinTech

  

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and UAE Exchange have entered into partnership, to support, develop and promote the FinTech ecosystem in Abu Dhabi and the UAE. An MoU was signed by Promoth Manghat, Chief Executive Officer of UAE Exchange Group, and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority, FSRA, of ADGM. The ...

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• 12 August

  DEWA completes 70% of M-Station expansion

  

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has reviewed the progress of the M-Station expansion project, the newest and largest electricity generation and water desalination plant in the UAE. Since 2015, DEWA has been working with Siemens on the Jebel Ali M-Station expansion, with the total cost for its construction ...

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• 12 August

  FNC Speaker, Colombian Ambassador discuss ways to develop bilateral ties

  

  Abu Dhabi / WAM Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council, FNC, has received Fayhan Al Fayez Shalhoub, Ambassador of the Republic of Colombia to the UAE. Ahmed Shabib Al Dhaheri, FNC Secretary-General, and a number of officials also attended the meeting. During the meeting, the two sides reviewed the bilateral relations between the UAE and ...

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• 12 August

  Dubai Customs seizes AED72.6mn goods in H1

  Dubai / WAM In H1 of 2017, Dubai Customs conducted 133 seizures of goods worth up to AED72.584 million that were found to have infringed intellectual property rights. Dubai Customs firmly acted against IPR infringements to protect society and the economy from counterfeit goods, and to support a compe- titive investment environment in Dubai by enabling producers to avoid losses ...

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• 12 August

  VP approves new building permit procedures development strategy

  

  DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the new strategy for Building Permit Procedures Development in Dubai. The strategy will ensure speeding up the process of acquiring building permits from concerned government entities to assist investors in the real estate sector. The new strategy, ...

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