August, 2017

• 12 August

  Youth can build future free of violence, wars: Hazza bin Zayed

  ABU DHABI / WAM The UAE youth have made a difference and come a long way, thanks to the trust and support given to them by President His Highness Sheikh Khalifa bin Zayed Al Nahyan; 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 ...

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• 12 August

  Watania reports AED2.7mn Q2 profit

  DUBAI / WAM On the announcement of the biannual results, His Excellency Ali Bin Harmel Al Dhaheri, Chairman of the Board of Directors of National Takaful Company (Watania), emphasized that in the year 2016, the company’s performance received support and reinforcement. Watania stopped some of its operations that caused it to incur loss in some sectors, and also developed a ...

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• 12 August

  TRA completes FEDNet security systems upgrade

  DUBAI / WAM The Telecommunications Regulatory Authority (TRA) announced the completion the Federal Network (FEDNet) security systems upgrade in a step aimed at protecting more than 35 federal entities against ‘advanced persistent threats’ in their various forms, whether through e-mail or internet browsing. This step comes in line with TRA’s efforts to enhance protection against cyber-breaches, as well as protecting ...

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• 12 August

  RTA awards contract to procure 125 school buses

  

  DUBAI / WAM The Board of Executive Directors of Roads and Transport Authority (RTA), chaired by Mattar Al Tayer, Director-General and Chairman of the Board, has endorsed the awarding of a contract for procuring 125 new school buses. The new buses will add to the fleet of the Dubai Taxi Corporation (DTC) to cope with the growing school transport activity. ...

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• 12 August

  Dhofar Global signs deal with AccorHotels

  Dubai / Emirates Business Dhofar Global, a leading supplier of hygiene products in the Middle East, announced that it has signed an agreement with AccorHotels, the world’s leading travel & lifestyle group. Through the agreement, Dhofar Global will supply world-class cleaning and hygiene products for the hotels the Group operates in the UAE, Oman, Bahrain and the Seychelles. The deal ...

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• 12 August

  Uber CEO search, IPO timing stymied by benchmark lawsuit

  

  ­­­­­­­­­­­Bloomberg At a crucial time when Uber Technologies Inc. is looking to fill a leadership void, repair a foul corporate culture, salvage morale, fend off rivals worldwide, prove it didn’t benefit from stolen trade secrets and deal with a host of other issues, the ride-hailing company is forced to hit the pause button. Benchmark, a major shareholder, declared what is ...

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• 12 August

  US not good for UK for post-Brexit deal

  

  Bloomberg The US may not be the best country for Britain to start its post-Brexit trade agreements with, according to Adam Marshall, director general of the British Chambers of Commerce. “I wouldn’t want to go up against them, early on, when I’m just getting on my feet again as a country going into free trade agreements,” Marshall said in an ...

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• 12 August

  London Mayor’s ‘solar initiatives’ to make the city greenest on earth

  Bloomberg London Mayor Sadiq Khan said he wanted to try city-wide auctions as part of an environment strategy proposed to more than double the capital’s solar energy generation capacity by 2030. The reverse auctions would be similar to the Solarize NYC model already used in New York, where multiple buyers pool together and panel sellers compete for one single contract, ...

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• 12 August

  SoundCloud gets $170 million investment

  

  Bloomberg SoundCloud Ltd., the popular but financially strapped digital music service, is getting a lifeline from new investors who have agreed to pump $170 million into the company. The new investment keeps the Berlin-based company alive but comes with strings attached. SoundCloud Chief Executive Officer Alex Ljung is being replaced by Kerry Trainor, the former head of the online video ...

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• 12 August

  Snap lags growth estimates, as Facebook copying takes toll

  

  Bloomberg Snap Inc.’s growth again fell short of estimates, feeding fears that aggressive competition from Facebook Inc. is blunting the younger social-media company’s potential just months after its IPO. The Los Angeles-based company said daily active users reached 173 million in the second quarter, compared with 166 million in the prior period. Analysts polled by Bloomberg had expected 175 million ...

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