July, 2017

• 8 July

  Airbus A350-1000 completes hot weather test at Al Ain airport

  

  Al Ain / emirates business The A350-1000 test aircraft, MSN065, successfully completed the hot weather tests at the Al Ain International airport. The tests which took place from July 4-7, involved the aircraft undergo extreme weather conditions at temperatures above 40 degrees Celsius. The objective of the tests is to check systems behaviour with a focus on the cabin, including ...

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• 8 July

  Cathay Pacific to buy out partner DHL’s 40% stake in cargo unit

  

  Bloomberg Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation program. Under the non-binding preliminary agreement, Cathay will purchase the 40 percent held by the German company in AHK Air Hong Kong Ltd., making it ...

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• 8 July

  Debt-laden SAA gets funds to avoid default

  

  Bloomberg South Africa’s National Treasury has transferred funds to South African Airways (SAA) to help the state-owned airline avoid default on its debt to Standard Chartered Plc., according to a statement from the department on Saturday. “Government has decided to transfer funds from the National Revenue Fund to South African Airways to allow the airline to pay back its debt ...

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• 8 July

  Europe guzzles Asian jet fuel as travel season heats up

  

  Bloomberg Asian shipments of jet fuel to Europe are soaring this month as summer holiday travel picks up and freight costs decline. Cargoes of petroleum products bound for Europe from South Korea, Singapore and China are set to rise to at least 450,000 tons in July, vessel-tracking data show. That’s the highest level since Bloomberg started tracking the shipments in ...

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• 5 July

  Ministers: Qatari response ‘negative’

  

  CAIRO / Reuters Foreign ministers from the four Arab states leading the boycott of Qatar expressed disappointment on Wednesday with the tiny Gulf nation’s “negative” response to their demands, but did not announce new sanctions against Doha. “The response the four states got was overall negative and lacked any content. We find it did not provide a basis for Qatar ...

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• 5 July

  DEWA’s app to help spur adoption of solar energy

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) has launched a web application to help customers easily decide on the installation of photovoltaic (PV) panels on their rooftops to generate electricity from solar power. Introduced under the ‘Shams Dubai’ initiative, the application, dubbed ‘Shams Dubai Calculator’, will provide detailed comparisons and additional information to help consumers conveniently and smoothly ...

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• 5 July

  ADX ready to provide general clearing service

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) declared its technical and logistical readiness to provide general clearing service, in a move to improve performance of financial markets in the UAE and promote them among global markets over the coming period. The Securities and Commodities Authority (SCA) had granted Emirates NBD, the license for the service after modifications on ...

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• 5 July

  ‘World needs to increase agricultural production’

  

  Dubai / Emirates Business A UAE delegation headed by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment (MOCCAE), is taking part in the FAO Conference 40th Session, attended by His Excellency Saqer Nasser Al Raisi, UAE Ambassador to Italy and the Permanent Representative to the United Nations’ Agencies in Rome. The 40th Session of ...

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• 5 July

  MoE workshop enhances awareness about trade fraud

  Abu Dhabi / WAM Safety of tyres and passenger vehicles was the crux of a workshop organised recently by the Ministry of Economy (MoE) as part of ongoing collaboration among all state departments concerned at the local and federal levels to ensure consumer safety and protection against all forms of commercial fraud.. The workshop was organised in collaboration with the Emirates ...

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• 5 July

  MOHAP issues warnings on use of fake medicines

  Abu Dhabi / Emirates Business The Ministry of Health and Prevention (MOHAP) issued 11 warnings against the use of fake pharmaceutical products marketed as food supplements and sexual enhancement products for men. The products contain undeclared ingredients and pose a high risk to patients with heart disease, diabetes, dyslipidemia, and those taking drugs containing nitrate. Dr Amin Hussein Al Amiri, ...

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