July, 2017

• 16 July

  Merkel says she’ll serve full four-year term if re-elected

  Bloomberg German Chancellor Angela Merkel said she planned to serve a full four-year term if re-elected and defended herself against a political attack by her Social Democratic challenger that she’s faltered on public infrastructure investment. “I made clear when I announced my re-election bid that I would run for four years,” Merkel said in an interview with ARD television on ...

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• 16 July

  Trump may seek solution on climate change, says Macron

  Bloomberg French President Emmanuel Macron, who welcomed Donald Trump to Paris two days ago to participate in Bastille Day celebrations, said the US president may seek a solution over the next months for the fight against global warming. “We’ve spoken in detail on what may allow him to return into the Paris accord,” Macron said in comments published on Sunday ...

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• 16 July

  Trump tweets media ‘distorting democracy’

  Bloomberg Donald Trump made a fresh attack on the media on Sunday as a new opinion polls showed falling approval ratings in the sixth month of the president’s term, and hours after news that his campaign made a payment in late June to the law firm later revealed to be representing Donald Trump Jr. “With all of its phony unnamed ...

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• 16 July

  Mashreq records AED1.1bn net profit in first half of 2017

  

  Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, has reported its financial results for the first half ending June 30, 2017. Net profit for the first half stood at AED 1.1 billion — a 3.0% increase YoY. Impairment allowance was down by 22.3% YoY. Mashreq’s best-in-class non-interest income to operating income ratio remained high ...

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• 16 July

  UAE Pavilion at Expo 2017 Astana draws global interest

  

  ABU DHABI / WAM The UAE Pavilion at Expo 2017 Astana, managed and supervised by the National Media Council (NMC) witnessed widespread interest from a broad range of international VIP’s and visitors since its opening on 10th June, reac- hing 150,000 during its first month. The pavilion at Expo 2017 Astana, held under the theme ‘Future Energy’, represents an ideal ...

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• 16 July

  Aldar on track to hand over Ansam project on Yas

  

  ABU DHABI / WAM Aldar Properties is on track to hand over its Ansam project on Yas Island during the fourth quarter of 2017, while making strong progress across a number of other developments in key destinations. Situated on the west side of Yas Island, construction of the Andalusian-style apartment development, Ansam, is entering its final stages. Building facade works ...

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• 16 July

  Masdar, Indonesia sign deal to explore renewables projects

  

  ABU DHABI / WAM Masdar, Abu Dhabi’s renewable energy company, and the leading Indonesian power company PT Pembangkitan Jawa-Bali (PT PJB), signed a Memorandum of Understanding (MoU), to explore areas of collaboration on renewable energy projects in Indonesia. Experts from Masdar and PT PJB will work together to identify opportunities to meet Indonesia’s rapidly growing energy demand, together with its ...

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• 16 July

  SIB posts AED272.9mn profit in H1

  SHARJAH / WAM Sharjah Islamic Bank (SIB), has posted a net profit of AED 272.9 million for the first half of 2017 compared to AED 257.0 million for the same period last year, with an increase of 6.2 per cent. Total assets reached AED 36.9 billion at the end of the 2nd quarter 2017 compared to AED 33.5 billion at ...

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• 16 July

  Foreign investors’ purchases on ADX hit AED2.1bn in June

  

  ABU DHABI / WAM Foreign investors’ purchases at Abu Dhabi Securities Exchange (ADX) amounted to AED2.114 billion in June 2017, accounting for 55.4% of total buy trades, with their sales staying at AED1.871 billion, comprising 49.1% of total sell trades, bringing to AED243 million the net foreign investments at ADX during the month. In the meantime, institutional investments for the ...

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• 16 July

  Energy bosses, experts to gather at ADIPEC ’17

  

  Abu Dhabi / Emirates Business An unprecedented number of opportunities for Minister-to-global business leader strategic dialogue, along with a record number of expert submissions on a wide range of industry challenges and trends, will see the world’s energy leaders converge on the UAE capital for the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017, later this year. Held under ...

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