September, 2016

• 4 September

  RAK Properties reports 70% rise in H1 net profits

  

    Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s biggest property developer listed on the Abu Dhabi Stock Exchange, has reported increased profits during the first half of this year, with revenues in excess of AED147 million between the months of January to June 2016. The reported half-year figures, announced ahead of the upcoming Cityscape Global ...

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• 4 September

  Etihad Airways Medical Centre hosts annual Aviation Health Conference

    Abu Dhabi / Emirates Business Etihad Airways Medical Centre welcomed more than 120 medical professionals as well as international medical experts to the annual Aviation Health Conference, under the theme “Ophthalmology and Colour Vision in Aviation,” taking place from September 3 – 4 in Abu Dhabi. The conference is under the patronage of the UAE General Civil Aviation Authority ...

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• 4 September

  DLD reports AED158bn real estate transactions

  

    Dubai / Emirates Business Dubai Land Department’s (DLD) Transactions Report, issued by its Real Estate Research and Studies Department, announced that the total amount of real estate transactions recorded in the Emirate in the first eight months of the current year reached a total of AED 158.541 billion, achieved through 38,838 sales, mortgages and other transactions. Commenting on the ...

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• 4 September

  UPC endorses Al Raha Beach Promenade project

    Abu Dhabi / WAM The Abu Dhabi Urban Planning Council (UPC) approved Al Raha Beach Promenade, one of the key projects that will play a role in shaping the look and feel of the public promenade in Abu Dhabi’s Al Raha Beach East development, comprising 20 km of waterside pathways. The move is part of an effort to promote a ...

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• 4 September

  Empower to showcase advanced solutions in district cooling at WETEX

    Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) will participate in the Water, Energy, Technology, and Environment Exhibition (WETEX) 2016, which will run from October 4-6 at the Dubai International Convention and Exhibition Centre. The event is organised by the Dubai Electricity and Water Authority, DEWA, under the directives of Vice President and Prime Minister and Ruler of Dubai ...

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• 4 September

  Sharjah-Dubai sloping road opens

    Dubai / WAM The Ministry of Infrastructure Development on Sunday inaugurated the sloping road that will serve the road users commuting from Sharjah towards Dubai. The road is part of Al Badea project implemented by the ministry with the aim to develop the intersection of Emirates and Maliha roads in the Emirate of Sharjah, at a total cost of about ...

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• 4 September

  DCCA signs MoU with DHCA to offer best healthcare

    Abu Dhabi / WAM Dubai Creative Clusters Authority (DCCA) signed a partnership agreement with Dubai Healthcare City Authority (DHCA) to provide the best healthcare facilities across its ten free zones. Ahmad bin Byat, Director-General of DCCA, and Dr. Raja Easa Al Gurg, Vice-Chairperson and Group CEO of DHCA, signed the agreement, which is aimed at defining cooperation mechanisms to enable healthcare ...

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• 4 September

  China Southern reports $225mn loss

  

    Bloomberg China Southern Airlines Co., Asia’s biggest by passengers, said its profits were dented by the yuan’s depreciation while two of the country’s largest private carriers reported an increase in earnings amid a surge in travel. China Southern also said it will consider breaking away from a decade-old policy of not hedging for fuel to revive earnings as nimbler ...

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• 4 September

  M&S retreat from abroad can include a domestic clearout

  

    Bloomberg For Marks & Spencer, abandoning Europe is back in fashion. Investors should be grateful, but really, they should look to clean up the domestic closet as well. In 2001, when then-executive chairman Luc Vandevelde pledged to revive the retail chain’s domestic performance, he abandoned its foray onto the continent. Today, battling nimbler rivals on its home turf, new ...

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• 4 September

  American deal removes hurdle to Republic’s bankruptcy exit

  

    Bloomberg Republic Airways Holdings Inc. reached a deal to continue providing regional flights for its largest customer, completing its third pact with the biggest US carriers and removing an obstacle on the path to exiting bankruptcy. The agreement with American Airlines Group Inc. is critical because the world’s largest carrier accounts for about half of Republic’s revenue, the bankrupt ...

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