August, 2017

• 6 August

  Egypt non-oil business activity contracts, new orders stabilize

  

  Cairo / Emirates Business The downturn in the overall health of the non-oil private sector eased in July, with the latest deterioration in business conditions the weakest in a year. New orders stabilised during July, thereby ending a 21-month sequence of decline. Output declined at the slowest pace in 12 months, thereby leading to only a marginal fall in input ...

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• 6 August

  Kuwait fund to sell Areva shares, stay away froam nuclear investments

  

  PARIS / Reuters Kuwait Investment Authority (KIA) will sell its nearly five percent stake in Areva to the French state as the nuclear group is delisted and will stay away from nuclear investments for now, sources familiar with the situation told Reuters. Kuwait’s sovereign wealth fund, one of the world’s biggest, paid 600 million euros ($712 million) for its 4.82 ...

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• 6 August

  Siemens wins tender for $1bn Turkish wind power project

  

  ANKARA / Reuters Turkey picked Germany’s Siemens as the winning bidder for a $1 billion wind power project, a sign Ankara wants to keep business separate from the widening diplomatic row between the NATO allies. Relations have deteriorated amid the crackdown that followed the failed coup in Turkey last year. The arrest last month of 10 rights activists, including a ...

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• 6 August

  Oman signs $3.55 billion loan with Chinese banks

  

  DUBAI / Reuters The government of Oman has raised $3.55 billion through a loan from a group of Chinese financial institutions, the latest fundraising by the sultanate which has borrowed over $10 billion this year to replenish coffers hit hard by lower oil prices. Oman signed the senior unsecured term loan, with a five-year maturity, on July 11, the finance ...

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• 6 August

  Trukkin’s cloud-based app to help deliver smooth logistics solution

  

  DUBAI / Emirates Business Trukkin Middle East has launched its new cloud-based B2B platform that unites customers with shippers and truckers in the Middle East region to create new business opportunities and deliver streamline logistics solutions. The startup was the brainchild of entrepreneurs from Saudi Arabia and the UAE, and was co-founded by Ahmed Al Nafie and Janardan Dalmia. Trukkin ...

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• 6 August

  Gemalto certified by GSMA for eSIM subscription base

  

  DUBAI / Emirates Business Gemalto, the world leader in digital security, has announced its on-demand connectivity service. It is the first in the world to demonstrate full compliance with the stringent security requirements of the GSMA’s Security Accreditation Scheme for embedded SIM (eSIM) remote provisioning. As a result, OEMs, mobile operators and service providers worldwide can be assured that Gemalto ...

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• 6 August

  HP reinvents retail with new POS system

  

  Emirates Business HP Inc. is reimagining the retail industry with the unveiling of its innovative and versatile all-in-one point-of-sale (POS) system, the HP ElitePOS. The company is working with leading retail and hospitality customers and partners to reimagine how technology can transform the in-store experience for customers. With e-commerce influencing consumers’ shopping experiences, brick and mortar retailers must ensure sales ...

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• 6 August

  Ericsson, Qualcomm, MTS carry out LAA trial in Russia

  DUBAI / Emirates Business Together with MTS, the largest mobile network operator in Russia, and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, Ericsson has conducted the first successful live trial with a commercial small cell product of Rel-13 Licensed Assisted Access (LAA) technology in Russia. The demonstration was conducted in an MTS test lab over a live network and ...

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• 6 August

  It’s time to sync your TV commercials to Facebook, Instagram

  

  DUBAI / Emirates Business Mobile video is exploding. Over half of all video views are on mobile and mobile video consumption is increasing exponentially on Facebook. Mobile is where your customers watch everything from video ads to branded content—and it’s time to adapt yours to match. Businesses around the world are experimenting with PockeTVC including Emirates in the United Arab ...

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• 6 August

  For once, on Russian row, Trump may be right

  

  When all right-thinking people in the nation’s capital seem to agree on something—as has been the case recently with legislation imposing new sanctions on Russia—that may be a warning that the debate has veered into an unthinking herd mentality. Sanctions were already an overused tool of foreign policy before President Trump this week peevishly signed into law a measure imposing ...

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