June, 2017

• 5 June

  Lululemon gains most in 6 months as sales begin to recover

  

  Bloomberg Lululemon Athletica Inc. kicked off its biggest rally in almost six months after pulling out of a slump and announcing plans to revamp its line of girls’ apparel. After slow sales spooked investors earlier this year — a problem that Chief Executive Officer Laurent Potdevin blamed on poor web traffic and a dull product assortment — the company posted ...

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• 5 June

  Canada Goose defies brick-and-mortar gloom

  

  Bloomberg Canada Goose Holdings Inc., making a retail push during a shaky time for the industry, said its first two brick-and-mortar stores have “far surpassed” expectations, contributing to stronger results in its inaugural quarter as a public company. Sales gained 22 percent last quarter, the maker of down parkas and other luxury goods said. While the Toronto-based company posted a ...

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• 4 June

  Abu Dhabi’s trade in pearl, gemstones hits AED4.7bn

  

  ABU DHABI / Agencies The total value of Abu Dhabi’s trade in pearl, gemstones and precious metals amounted to AED4.7 billion during the Q1 of 2017 from AED3.3 billion during the corresponding period last year, a growth of 42.4 percent, according to figures released by Abu Dhabi Statistics. The growth is driven by entrepot, including the non- oil commodities coming ...

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• 4 June

  FAB named best financing bank in Mideast

  DUBAI / WAM First Abu Dhabi Bank (FAB) has been named ‘Best Bank for Financing in the Middle East’ and ‘Best Investment Bank in the United Arab Emirates’ at the prestigious 2017 Euromoney Middle East Awards for Excellence. The Euromoney Awards for Excellence, now in their 26th consecutive year, were the first of their kind in the global financial publishing ...

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• 4 June

  UAE, Singapore discuss security cooperation

  ABU DHABI / WAM The Under-Secretary of the Ministry of Interior, Lt. General Saif Abdullah Al Shafar, has discussed with the Ambassador of the Republic of Singapore to the UAE, Samuel Tan Tse Chi, ways to enhance bilateral cooperation and coordination in the security fields. Lt. Colonel Ahmed Saeed Al Mazroui, Head of the International Cooperation Department at the Ministry ...

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• 4 June

  ADAFZ grants 200th license

  ABU DHABI / Emirates Business Abu Dhabi Airports’ Free Zone (ADAFZ) is thriving as the destination of choice for businesses, as it issues its 200th trade license to NATS. NATS is the UK’s leading provider of air traffic control services. Each year the company handles 2.5 million flights and 250 million passengers in UK airspace alone. In addition to providing ...

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• 4 June

  DMCC-India’s Cropdata deal to develop commodities products

  DUBAI / WAM Dubai Multi Commodities Centre (DMCC), the Government authority on trade, enterprise and commodities in Dubai, signed a Memorandum of Understanding with Cropdata Technology. Based in Nagpur, India, Cropdata’s mission is to enhance the country’s agricultural sector while improving the lives of its agricultural workers, which comprise some 55 percent of India’s population. The objective of the Memorandum ...

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• 4 June

  Dana Gas appoints adviser for $700mn sukuk restructuring

  

  DUBAI / Reuters United Arab Emirates energy firm Dana Gas appointed Houlihan Lokey as financial adviser and Squire Patton Boggs as legal adviser for the restructuring of its $700 million sukuk maturing in October, sources said on Sunday. The company, which has been facing a cash shortage because of missed payments from its assets in Egypt and Iraq’s Kurdistan, announced ...

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• 4 June

  ADNEC goes live with ‘exhibitor service centre’

  

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) has become the first company in the Middle East and Asia Pacific regions to go live with its Exhibitor Service Centre (ESC), an online platform for all exhibitors to order and pay for all ADNEC’s services for events. Launched as part of SMART ADNEC E-Services, the portal is accessible ...

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• 4 June

  RTA wins three categories of Gulf Sustainability and CSR Awards at GCC level

  Dubai / WAM The Roads and Transport Authority, (RTA), has won in three categories of the Gulf Sustainability and CRS, Corporate Social Responsibility, Awards at the GCC level. The categories are environmental sustainability programmes, government sustainability initiative and water treatment and management. Held in Dubai, the awards provide recognition for companies and individuals implementing outstanding Sustainability and CSR initiatives across ...

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