August, 2017

• 2 August

  Ajman Chamber, Uzbekistan discuss economic cooperation ties

  AJMAN / WAM During its meeting with a delegation from the Embassy of Uzbekistan in the UAE, the Ajman Chamber of Commerce and Industry (ACCI) discussed ways to streng-then and increase economic cooperation with the Republic of Uzbekistan. Abdullah Omar Al Marzouqi, Executive Director of Corporate Registration and Transaction Services at the Ajman Chamber, stressed the importance of the meeting ...

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• 2 August

  UAE consumers rank high in readiness to adopt AI

  

  DUBAI / Emirates Business Consumers in the United Arab Emirates (UAE) are more ready to adopt artificial intelligence (AI)-powered devices and services than consumers in many other countries, according to new findings from the annual research from Accenture (NYSE: ACN). Based on a poll of 26,000 consumers in 26 countries, the report—the 2017 Accenture Digital Consumer Survey—found that three-fourths (76 ...

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• 2 August

  ENOC gets $500mn credit facility from global, regional banks

  

  Dubai / Emirates Business ENOC Group has secured a three-year unsecured general corporate purposes Revolving Credit Facility (RCF) of $500 million from seven leading international and regional banks to support its growth over the next few years. His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, said: “Over the next five years, the Group will focus on expanding capacities ...

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• 2 August

  Dubai Customs processes 4.5mn transactions in H1

  

  Dubai / WAM Dubai Customs has processed 4.5 million transactions in the first half of 2017, compared to 4.3 million transactions during the same period last year, posting a growth rate of 4.5 percent. Dubai’s stature as a global trade hub and its sophisticated customs and border services have led to the increase in the number of transactions handled by ...

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• 2 August

  Green economy in spotlight at ‘coordination meeting’

  DUBAI / WAM The national initiative for a green economy launched by Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum was the crux of a coordination meeting held by the ministries of Infrastructure Development and Climate Change and Environment . The national initiative for a green economy in the ...

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• 2 August

  Emaar’s new big screen at Dubai Aquarium breaks Guinness records

  

  DUBAI / WAM Emaar Entertainment, the leisure and entertainment subsidiary of Emaar Properties, has unve- iled a record-breaking organic light-emitting diode screen ab- ove Dubai Aquarium and Underwater Zoo. The screen has received three Guinness World Records titles, in partnership with LG, setting records for being the largest OLED screen, highest resolution video wall and largest high-definition video wall. Comprising ...

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• 2 August

  Dubai Economy, Tahkeem explore arbitration ties

  Dubai / WAM Officials at Dubai Economy have reviewed prospects of collaboration with representatives of the Sharjah International Commercial Arbitration Centre (Tahkeem). This came in a meeting between the two sides that occasioned a review of ways of enhancing exchange of knowledge and expertise and applying best international practices in areas of commercial rules and legislation and corporate governance. The ...

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• 2 August

  Arab-Brazilian trade exchange on the rise

  

  DUBAI / WAM The Arab-Brazilian trade exchange has significantly developed during the first half of 2017, with the daily growth rate of Brazilian exports to the Arab countries being on the rise during the monitored period, according to the Arab-Brazilian Chamber of Commerce. A report released by the Chamber has stated that the Brazilian exports bound to the Arab nations ...

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• 2 August

  Apple soars to record as revenue forecast highlights iPhone demand

  

  Bloomberg Apple Inc. soared to a record after giving a revenue forecast that highlighted resilient demand for the iPhone ahead of the launch of its new models and the growing significance of the company’s supporting businesses. New iPhones typically go on sale in mid- to late September, which produces a few weeks of revenue that are included in the company’s ...

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• 2 August

  Irish home prices to surge at fastest

  

  Bloomberg Irish home prices will surge at the fastest pace in Europe in coming years, fueled in part by bankers moving to Dublin as the UK prepares to depart the European Union, S&P Global Ratings said. The price of a house in Ireland will increase 8.5 percent this year and 7 percent in 2018, S&P said. That’s the fastest rate ...

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