May, 2017

• 29 May

  MoE raises awareness of private sector on EU’s GDPR

  Abu Dhabi / Emirates Business The Ministry of Economy (MoE) emphasized its commitment towards raising the awareness of the UAE’s private sector regarding the latest policies, legislations and administrative procedures adopted by the international community and trading partners. Through this, the Ministry aims to develop a new and integrated outlook on international markets inclusive of their current challenges and opportunities. This ...

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• 29 May

  SCA, ADX seminar highlights regulations on short-selling

  Abu Dhabi / WAM A seminar on disseminating awareness about short selling regulations has been organised recently by the Securities and Commodities Authority (SCA), in collaboration with the Abu Dhabi Securities Exchange (ADX). The seminar is part of SCA’s efforts to enhance investors’ knowledge of financial mechanics and systems that are conducive to optimising trading performance and enlarge and upgrade ...

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• 29 May

  Emirates makes key management changes across Middle East

  

  Dubai / WAM Emirates announced that it has made three key management movements within its commercial and cargo operations team in the Middle East. The changes place UAE National talent in key positions that will enhance the airline’s commercial and cargo presence in the region. All of the appointments will be effective from June 1. Commenting on the announcement, Thierry ...

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• 29 May

  DXB registers 9.2% passenger growth

  

  Dubai / WAM Dubai International Airport (DXB), welcomed more than 7.6 million passengers in April, according to the monthly traffic report issued by operator Dubai Airports on Monday. Passenger numbers reached 7,622,946 in April, up 9.2 per cent compared to 6,979,063 recorded during the same month in 2016. Following four months of robust growth, the year to date traffic reached ...

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• 29 May

  Bee’ah launches new technology firm EvoTeq

  

  Sharjah / WAM Bee’ah, Sharjah’s pioneering environmental management company, has announced the launch of a new company, EvoTeq, and signed two new business agreements in its quest to deliver innovative tech-based solutions to combat pressing issues faced by the region. The signing ceremonies and announcements took place during Bee’ah’s participation in the SAP Innovation Day at the Al Jawaher Reception ...

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• 29 May

  North Korea launches ballistic missile, ignoring G-7 warning

  

  Bloomberg North Korea conducted another ballistic missile test early Monday, drawing condemnation from South Korea and Japan just days after world leaders urged Kim Jong Un to abandon his nuclear weapons program. The missile, which appears to be a Scud variant, was fired at 5:39 a.m from Wonsan off North Korea’s east coast and flew 450 kilometers towards Japan, according ...

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• 29 May

  Philippines says fight with IS militants nearing end

  Bloomberg Philippine forces said they’re in control of most of Marawi, the southern city where almost 100 people were killed and 60,000 displaced following clashes in the past week between the military and Muslim extremists linked to IS. “Our ground commanders have assured that the end is almost there,” Brigadier General Restituto Padilla said in a televised briefing in Manila ...

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• 29 May

  Macron hosts Putin as Merkel insists Europe must assert itself

  Bloomberg French President Emmanuel Macron was expected to give Russia’s Vladimir Putin a tour of the royal palace at Versailles near Paris on Monday, following up his debut at the Group of Seven meeting last week. On their first encounter, the two leaders have a range of tricky topics to discuss, including what Macron called Russia’s “invasion” of Ukraine and ...

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• 29 May

  Reliance extends tumble on concerns over debt

  

  Bloomberg Shares and bonds of billionaire Anil Ambani’s Reliance Communications Ltd. tumbled, extending their declines from last week, amid mounting concerns about the Indian phone carrier’s debts. The stock plunged as much as 24 percent, hitting an intra-day record low of 19.70 rupees, in Mumbai trading on Monday and was the day’s worst performer on S&P BSE500 index. Shares of ...

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• 29 May

  Hong Kong throngs of thousands defy bid to cool home market

  

  Bloomberg Snaking queues of thousands of prospective apartment buyers in Hong Kong signalled authorities have made no progress in cooling a red-hot property market, where prices are at records. People were lining up and over the weekend at Victoria Skye, a luxury project at the former airport site of Kai Tak, and at the Ocean Pride development by Cheung Kong ...

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