May, 2017

• 22 May

  ‘Momentum investing may work in commodities’

  Bloomberg Momentum investing may work in commodities, according to Goldman Sachs Group Inc., which said that returns from raw materials may benefit significantly from following the strategy that’s based on backing past winners and eschewing or betting against losers. “Commodities can benefit significantly from momentum investing although the gains are neither uniform across commodities nor constant over time,” analysts including ...

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• 21 May

  Boeing inks defense, commercial deals with Saudi Arabia

  DUBAI / Reuters Boeing Co said on Sunday it had signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft during a visit by US President Donald Trump to the kingdom. The announcement is the latest in tens of billions of dollars in deals signed between US and Saudi firms since Trump ...

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• 21 May

  Dubai retail sector sees robust commercial activities in Q1

  

  Dubai / WAM The Business Registration and Licensing (BRL) sector in Dubai Economy has issued 5,646 commercial permits during the first quarter (Q1) of 2017 as the emirate witnessed hectic commercial activity during the period. Advertising accounted for the largest share of 28 percent with 1,604 permits while the emirate’s flagship retail sector stood second with 1,387 permits, or 24 ...

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• 21 May

  RAK explores investment ties with EU countries

  RAS AL-KHAIMAH / WAM Ras al-Khaimah Chamber has explored joint economic cooperation and investment opportunities with France, Germany and Spain. This came during a meeting organised by the chamber at its headquarters which was attended by representatives from the French Business Council, the Spanish Business Council and the German Emirati Joint Council for Industry and Commerce, with the participation of ...

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• 21 May

  VP launches ‘2071 Zone’

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that the UAE is moving forward in building a universal model to achieve innovative ideas to serve humanity, and that the UAE’s Centennial Vision 2071 originated from the historic lecture delivered by His Highness Sheikh Mohamed bin Zayed ...

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• 21 May

  ET revenues grow 10.6% to AED2.4bn in 2016

  

  Dubai / WAM Emirates Transport (ET), reported that revenues increased by 10.6 percent to AED2.4 billion by the end of 2016, while its net profit rose to AED182.4 million, representing a growth of 25 percent from 2015. ”The corporation recorded a 61 percent return on capital, and has 3.019 billion in total assets,” said Mohammad Al Jarman, General Manager of ...

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• 21 May

  SAM and Knight Frank to host sales event on May 23

  Dubai / WAM Sharjah Asset Management (SAM), the official investment arm of the Sharjah Government, and Knight Frank, internationally renowned real estate consultants, are co-hosting a sales event for Al Saja’a Industrial Oasis, ASIO, on May 23 at the Sheraton Sharjah Beach Resort and Spa. They will discuss the industrial investment sector in the UAE and highlight how Sharjah acts ...

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• 21 May

  Asset management firms select DIFC as destination of choice

  Dubai / Emirates Business Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA), reinforced its position as the largest fund regime in the region at an event which highlighted how property funds and Real Estate Investment Trusts (REITs) are becoming increasingly popular and opening up significant investment opportunities in ...

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• 21 May

  UAE to celebrate ‘World Biodiversity Day’ today

  Dubai / WAM The UAE is joining the world in celebrating World Biodiversity Day, marked annually on May 22, with this year’s celebration coming under the theme of “Biodiversity and Sustainable Tourism”. Marking the day tomorrow, Muna Omran Majed Al Shamsi, Acting Director, Biodiversity Department at Ministry of Climate Change and Environment, said that biodiversity is the foundation of life ...

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• 21 May

  UAE one of the pillars of GCC-US dialogue

  

  RIYADH / WAM The GCC-US Summit began on Sunday in Riyadh, Saudi Arabia, with the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, welcoming GCC leaders and US President Donald Trump. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, ...

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