February, 2017

• 20 February

  Gasoline glut in New York has traders sending cargoes abroad

    Bloomberg The biggest gasoline market in the US is bursting at the seams. Traders are lining up to export gasoline and diesel from New York Harbor, an area that normally relies on fuel imports from Europe and eastern Canada, shipping data compiled by Bloomberg show. While at least 6 cargoes that were headed to New York from Europe in ...

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• 20 February

  Foxconn firm rides on wave of Apple’s iPhone prospects

  

    Bloomberg Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria. Hon Hai Precision Industry Co., the main assembler of the US company’s smartphones, has gained 29 percent in the past year, with its shares touching a decade-high on optimism about ...

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• 20 February

  Atlanta eyes test tracks for self-driving cars

  

    ATLANTA / AP Self-driving vehicles could begin tooling down a bustling Atlanta street full of cars, buses, bicyclists and college students, as the city vies with other communities nationwide to test the emerging technology. Atlanta would become one of the largest urban areas for testing self-driving vehicles if plans come together for a demonstration as early as September. Nationwide, ...

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• 20 February

  Veeam strengthens cloud availability dominance

  

    Dubai / Emirates Business In moves furthering its dominance in the Cloud, Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise, is strengthening its Cloud business with more senior leaders, new innovations and initiatives to ensure its ecosystem of more than 14,300 global Veeam Cloud & Service Provider (VCSP) partners and 45,000 resellers will ...

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• 19 February

  Rabdan 8X8 infantry vehicle unveiled

  

    ABU DHABI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Omar Hassan Al Bashir of Sudan, attended the unveiling of the ‘Rabdan’ ...

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• 19 February

  UAE Central Bank M1 aggregate rises by 1.3%

    ABU DHABI / WAM The UAE Central Bank announced that the money supply aggregate, M1 (currency in circulation outside banks and monetary deposits in current accounts and call accounts at banks), increased by 1.3 percent, from AED474 billion at the end of December 2016, to AED479.9 billion at the end of January, 2017. The money supply aggregate, M2 (M1 ...

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• 19 February

  VP, Mohamed open IDEX 2017

  

    Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday opened the thirteenth edition of the International Defence Exhibition and Conference (IDEX 2017) the ...

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• 19 February

  Zayed Medal conferred on Sudan president

  

    Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have received heads of delegations participating in the 13th edition of the International Defence Exhibition ...

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• 19 February

  SIHAM3 naval defence system launched

  

    Abu Dhabi / WAM UAE company, Siham Al Khaleej Technology (SAKT) together with Leonardo, the Italian high-tech company in aerospace, defence and security and MBDA, jointly owned by Airbus Group, Bae Systems and Leonardo, have unveiled a new combined Anti-Air and Anti-Surface Weapon System, SIHAM3, a naval defence system, at Navdex 2017. The companies say that the cost-effective weapons system ...

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• 19 February

  NIMR Automotive showcases Rapid Intervention Vehicle

    Abu Dhabi / WAM NIMR Automotive, a subsidiary of Emirates Defence Industries Company (EDIC), has launched its newest vehicle line, the Rapid Intervention Vehicle (RIV) at the International Defence Exhibition and Conference 2017 in Abu Dhabi. During its unveiling, NIMR’s CEO Dr Fahad Saif Harhara said, “We have listened carefully to the special operations community and incorporated their combat experience ...

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