July, 2017

• 11 July

  UAE tops Arab countries for FDI with AED33bn inflows

  

  ABU DHABI / WAM The United Arab Emirates tops the list of Arab countries for Foreign Direct Investment (FDI) inflows, with around US$ 9 billion (AED33.3 billion) during 2016, followed by Egypt and then the Kingdom of Saudi Arabia in the third place, according to the Arab Investment and Export Credit Guarantee Corporation, Dhaman. As per the investment climate report ...

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• 11 July

  Dubai elected as vice chair of ‘C40 Group’

  Dubai / Emirates Business Dubai has seen its efforts to combat climate change in the city richly rewarded by the C40 Cities Climate Leadership Group (C40). The governing body, which provides strategic direction for the C40 network of 91 of the world’s greatest cities committed to action on climate change, has elected His Excellency Abdullah Abdul Rahman Al Shaibani, Secretary ...

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• 11 July

  Abu Dhabi’s e-Government wins GIS excellence award

  SAN DIEGO / WAM Twenty-one entities from Abu Dhabi’s e-Government concluded a successful participation in the 2017 Esri User Conference the world’s leading Geographic Information Systems (GIS) event, which took place in San Diego, California and drew more than 15,000 specialists from 130 countries. Abu Dhabi Systems and Information Centre (ADSIC), organised and managed all aspects of the participation, on ...

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• 11 July

  MBRF meeting discusses Global Knowledge Index preparations

  

  DUBAI / WAM Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) convened its third meeting to prepare for the upcoming inaugural edition of the Global Knowledge Index, following the directives of HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation. The meeting was attended by an expert group associated with the ...

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• 11 July

  DESC raises cyber security awareness

  DUBAI / WAM With the goal of expanding cooperation in the field of disseminating science and knowledge in Dubai, the Dubai Electronic Security Centre (DESC) has signed an MoU with the Institute of Electrical and Electronics Engineers (IEEE), UAE Section. The MoU aims to strengthen mutual cooperation between both organisations with regards to developing educational materials and programmes on information ...

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• 11 July

  China shoppers buy bad loans online with their groceries

  

  Bloomberg Among the sneakers, diapers and pet food for sale on Taobao, China’s biggest e-commerce platform, is a listing that may take up a little more space in the online shopping basket. For 4.15 million yuan ($610,000), customers on the site owned by e-retailing giant Alibaba Group Holding Ltd. can bid for the debt of a steelmaker from Zhejiang, a ...

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• 11 July

  Clariant looks beyond Huntsman’s China offering to niche markets

  

  Bloomberg Clariant AG’s planned $6.4 billion takeover of Huntsman Corp. will make it a major player in China for commodity polyurethane chemicals, yet the Swiss company is also looking to exploit niche gaps in the market, including additives to allow plastic film recycling. “Private Chinese companies are growing the fastest as they have the strongest insight into the market needs, ...

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• 11 July

  China may have new property debt king after Sunac deal

  Bloomberg As some Chinese tycoons slow acquisitions to focus on digesting their massive debt loads, one property billionaire is moving the other way. Sunac China Holdings Ltd. Chairman Sun Hongbin over the past year oversaw an acquisition spree that culminated with Monday’s $9.3 billion purchase of assets from Dalian Wanda Group Co. While the deal set a record for China’s ...

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• 11 July

  IT shares rally lifts India Sensex to record high a second day

  Bloomberg Indian shares advanced a second day, with the key indexes extending record highs, paced by a rally in software exporters. The benchmark S&P BSE Sensex added 0.1 percent to close at 31,747.09 at the 3:30 p.m. close in Mumbai, while the NSE Nifty 50 Index gained 0.2 percent. The Sensex closed at an all-time high level for the third ...

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• 11 July

  Electricity overtakes fossil fuels in push for investment

  

  Bloomberg Electricity drew in more investment than fossil fuel supply for the first time last year as the energy industry prepared for electrification of everything from cars to buildings and industrial processes. Power generation and electricity grid expansions took in $718 billion, 42 percent of the $1.7 trillion invested in energy last year, according to a report by the International ...

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