August, 2017

• 2 August

  Flybe pursues 20 more code-shares ‘through’ Heathrow

  

  Bloomberg Flybe Group Plc, Britain’s biggest regional airline, said it’s pursuing 10 to 20 more partnership agreements with major airlines following its introduction of flights to London’s Heathrow airport in March. The stock rose as much as 6 percent. The services from Edinburgh and Aberdeen offer bigger carriers the chance to tap Scottish markets by striking code-share deals that let ...

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• 1 August

  Abu Dhabi plastics sector garners $55bn funding

  

  Dubai / WAM More than AED204 billion of investments are generated by 201 plastics plants operating in Abu Dhabi, according to the Industry Development Bureau of the Abu Dhabi Department of Economic Development (ADDED). The revelation came during a workshop organised by the bureau as part of the ADDED’s ‘Industry Dialogue’ initiative, aimed at bolstering an investment-conducive environment at the ...

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• 1 August

  Dana Gas, partners awarded $14mn interest in KRG row

  DUBAI / Reuters Dana Gas and its consortium partners have been awarded $14 million plus interest in a dispute with Iraq’s Kurdistan Regional Government (KRG), the UAE company said on Tuesday. The case was filed with the London Court of International Arbitration in 2013 over payments for gas liquids production. The court ordered the KRG to pay $14 million along ...

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• 1 August

  Khalid Ali Al Bustani appointed as FTA Director-General

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a federal decree No. 84 of 2017 to transfer and appoint Khalid Ali Al Bustani, Assistant Undersecretary for International Financial Relations to the position of Director-General of the Federal Tax Authority and the rank of an Undersecretary at Ministry. The Director General of the FTA ...

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• 1 August

  UAE, India work towards bolstering investment ties

  

  NEW DELHI / WAM Relations between the UAE and India, which received a fillip when His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited New Delhi as chief guest for Indian Republic Day in January, are set to scale greater heights. Intense preparations are under way ...

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• 1 August

  ADGM, Kenya sign cooperation pact on FinTech

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) and Capital Markets Authority (CMA), Kenya signed a FinTech cooperation agreement which provides a fra-mework to support financial innovation in each jurisdiction. Richard Teng, Chief Executive Officer, Financial Services Regulatory Authority (FSRA) of ADGM, and Paul Muthaura, Chief Executive, CMA Kenya signed the agreement, which expands both parties’ FinTech cooperation network ...

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• 1 August

  Nawah reveals key operational readiness milestones

  

  ABU DHABI / WAM Nawah Energy Company has announced the achievement of a number of milestones in the area of operational readiness. The company has begun making arrangements to welcome the Pre-Operational Safety Review Team, Pre-OSART, from the International Atomic Energy Agency (IAEA) for their planned mission for Unit 1 at Barakah Nuclear Power Plant (BNPP) in Al Dhafra Region ...

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• 1 August

  Abu Dhabi DED, FCSA sign cooperation deal

  ABU DHABI / WAM Abu Dhabi Department of Economic Development and Federal Authority for Competitiveness and Statistics (FCSA) signed a joint cooperation agreement to reinforce the strategic partnership between the two sides through the exchange of the database, experiences and knowledge. The MoU was signed at the FCSA headquarters by Abdulla Naser Lutah, Director-General of the Authority, and Khalifa Bin ...

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• 1 August

  Barclays sponsors UAE initiative on entrepreneurship

  DUBAI / WAM Barclays has announced its sponsorship for the Mind Cloud Entrepreneurship programme, the UAE’s first government accredited initiative for entrepreneurs. The initiative aims to elevate the entrepreneurship skills for participants, in collaboration with Dubai Business Women Council (DBWC), the UAE’s leading platform for the personal and professional development of women in the emirate and beyond. The all-inclusive programme ...

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• 1 August

  Ammar Al Nuaimi reviews Ajman infrastructure projects

  

  AJMAN / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, has viewed the most important current, and future, infrastructure projects in Ajman that seek to promote local development under the framework of the emirate’s overall renaissance, to become a modern and advanced international city. This took place during his meeting ...

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