August, 2017

• 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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• 2 August

  US hiring in sync with job growth

  

  Bloomberg The gain in hiring at companies in July, along with upward revisions to the prior month, is consistent with moderate growth in U.S. employment, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. Highlights of ADP Employment (July) Private payrolls rose by 178k (est. 190k); gain in June revised to 191k from 158k Payrolls ...

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• 2 August

  Young users spend 32 mins daily on Instagram

  

  Bloomberg Facebook Inc.’s Instagram is most popular for people younger than 25, who the company says spend an average of more than 32 minutes a day on the photo-sharing app. For those 25 and older, usage is more than 24 minutes a day, the company said. Instagram is crediting much of the growth in engagement to its “Stories,” which was ...

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• 2 August

  UK construction growth weakest in a year: IHS

  Bloomberg UK construction growth slowed to the weakest in almost a year in July, according to IHS Markit. The Purchasing Managers’ Index fell to 51.9, the lowest since August, from 54.8 in June. That’s below the 54 forecast by economists in a Bloomberg survey, although it remains above the 50 level dividing expansion from contraction. The construction sector was a ...

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