June, 2017

• 7 June

  FNC backs UAE leadership’s move to safeguard national security

  

  Abu Dhabi / WAM The Federal National Council (FNC), held the 18th session of the second ordinary session of the 16th legislative chapter which was chaired by Dr Amal Abdullah Al Qubaisi, Speaker of the FNC. During the meeting, discussions revolved around a report from the Financial, Economic and Industrial Affairs Committee on the reservations of President His Highness Sheikh ...

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• 7 June

  CCB marks listing of $1.2 billion bond on Nasdaq Dubai

  

  Dubai / WAM Guo You, Chairman of the Board of Supervisors of China Construction Bank (CCB), on Wednesday rang the market-opening bell to celebrate the listing of a US$1.2 billion bond on Nasdaq Dubai, the region’s international financial exchange. The listing by the Hong Kong Branch of CCB, one of China’s leading banks, underlines the country’s growing financial activities in the ...

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• 7 June

  SCCI reaches record 66,000 registered members

  Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) revealed that the number of its registered members has reached a new record of 66,295, after registering 1,607 new companies in the first quarter of 2017. Total number of new and renewed memberships reached 16,799 by the end of the quarter, compared to 16,132 year-on-year, recording a growth rate of 4 ...

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• 7 June

  TRA heads UAE’s delegation to WSIS

  

  Dubai / WAM The Telecommunications Regulatory Authority (TRA), is leading the UAE’s official delegation participating in the World Summit on the Information Society (WSIS), in Geneva. The summit will formally begin at the International Telecommunication Union (ITU), Headquarters on June 12, and runs until June 16. Along with the TRA, the UAE side includes representatives from the Ministry of Education, ...

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• 7 June

  AUD students design lever handles for Expo 2020 mobility pavilion

  

  Abu Dhabi / Emirates Business American University in Dubai and Dormakaba came together to provide students with an opportunity to design lever handles so as to propose the best one for the mobility pavilion of Expo 2020. The spark to create this idea came from one of the AUD students Tania Mary George who collaborated with Simon Beckers of dormakaba ...

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• 7 June

  Top Mideast ports shun Qatar as Saudi tightens isolation

  

  Bloomberg The Middle East’s largest ports banned entry to all vessels sailing to and from Qatar, deepening the economic isolation of the gas-rich Gulf state from its largest Arab neighbours. Maritime authorities in Saudi Arabia, the United Arab Emirates and Bahrain all said they had closed their berths to ships traveling in and out of Qatari ports. The impact was ...

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• 7 June

  Dark clouds hang over nuclear town torpedoed by green energy

  

  Bloomberg In an eerily quiet nuclear reactor hall in southern Sweden, new copper and steel machinery stretching 50 meters and weighing hundreds of tons is just sitting idle. Bought from France and Germany as part of a $450 million upgrade at the now defunct Oskarshamn-2 facility, the turbines, steam pipes and feed-water pumps were supposed to help supply cheap electricity ...

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• 7 June

  Oil pares gains as API reports gasoline supply surge

  Bloomberg Oil pared gains after the industry-funded American Petroleum Institute was said to report a jump in fuel stockpiles last week. API was said to report that US gasoline stockpiles rose by 4.08 million barrels last week, outweighing a 4.62 million-barrel drop in crude supplies. Distillate stocks incre- ased by 1.75 million barrels. A Bloomberg survey found that US crude ...

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• 7 June

  Europe sees fivefold boost to offshore wind power

  

  Bloomberg The governments of Germany, Denmark and Belgium backed a pledge to install 60 gigawatts of new offshore wind power next decade, more than fivefold existing capacity. Energy ministers from the three countries joined chief executives from 25 companies including Dong Energy A/S, the world’s biggest offshore wind developer, to issue a statement pledging to work together to increase investment ...

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• 7 June

  DHL to expand India warehouses on e-commerce boom, sales tax

  

  Bloomberg India’s bustling e-commerce transactions and a planned new national tax system that’s expected to boost freight movement are prompting Deutsche Post DHL Group to expand warehouse capacity in one of the world’s fastest growing major economies. “We see business-to-consumer as the next big challenge, a big growth area and we really want to tap into that through businesses such ...

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