July, 2017

• 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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• 16 July

  UMEX, SimTEX 2018 see strong international exhibitor demand

  

  ABU DHABI / WAM The upcoming editions of the Unmanned Systems Exhibition and Conference (UMEX 2018) and the Simulation Exhibition and Conference (SimTEX 2018) witnessed strong international exhibitor demand from specialised defence and security companies. Set to run from February 25-27, 2018 at the Abu Dhabi National Exhibition Centre, the dual exhibition is co-organised by Abu Dhabi National Exhibitions Company ...

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• 16 July

  Dubai Properties launches new clusters for sale in Remraam

  

  Dubai/ Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, announced the launch of sale of new units in the next phase of the Remraam community development, strategically located within Dubailand, at an attractive price starting from AED448,000. The off-plan units, comprising one and two- bedroom apartments, will be ...

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• 16 July

  UAE among top global spenders on beauty products

  

  Dubai / Emirates Business With the UAE ranked among the world’s highest per capita spenders on beauty products and the region blossoming into one of the top beauty and personal care markets globally, it was no surprise that the focus of the beauty and wellness industry was firmly on the region at the recent Beautyworld Middle East 2017. According to ...

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• 16 July

  Trump campaign paid $50,000 to firm now representing son

  

  Bloomberg President Donald Trump’s campaign committee paid $50,000 in late June to the law firm now representing Donald Trump Jr. in the matter of a 2016 meeting with a Russian lawyer while seeking damaging information about Democrat Hillary Clinton. The June 27 payment to the Law Offices of Alan S. Futerfas came almost two weeks before news of the meeting—involving ...

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• 16 July

  Record Norwegian Troll gas may help beat UK winter woes

  

  Bloomberg Norway is turning on the taps at Europe’s biggest offshore gas field at just the right time for Britain. Output from Troll will increase to a record this year after the government raised a production cap, and it could pump even more, according to Stavanger-based operator Statoil ASA. That should help exports from Norway, the UK’s biggest foreign supplier, ...

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