August, 2016

• 24 August

  DEWA launches innovation fund to develop creative ideas

    Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) launched an innovation fund to develop creative ideas proposed by DEWA’s employees on the MyDEWAideas internal portal, which was launched by DEWA early last year. The portal encourages creativity and innovation, and implements the suggestions received by DEWA’s employees to improve the work environment, and further develop the services ...

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• 24 August

  ENOC acquires global certifications in quality and customer service

  

    Dubai / WAM ENOC Processing Company LLC, a subsidiary of Emirates National Oil Company, ENOC, has received international recognition for its quality control laboratory, reinforcing its capabilities to deliver quality products to its customers. The ENOC refinery achieved ISO 9001:2015 and ISO 17025:2005 certificates for its laboratory quality management systems and its technical competency respectively, aligned with international benchmarks for ...

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• 24 August

  Emirates Auction wins UAE Excellence Award

  

    Dubai / WAM Emirates Auction, a world leading company in hosting, organising and managing public auctions of all kinds, was announced as the winner of the Best Web Application Award in the Services Category during the 9th UAE Excellence Awards ceremony organised recently at the Al Bustan Rotana, Dubai. Abdullah Matar Al Mannai, Executive Director of Emirates Auction, received the ...

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• 24 August

  German economy sees unexpected growth

  

    Frankfurt / AFP Strong foreign trade and buoyant consumption drove Germany’s economy, Europe’s largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said on Wednesday. Gross domestic product (GDP) grew by 0.4 percent between April and June, adjusted for seasonal, calendar and price effects — twice as fast as analysts surveyed by Factset predicted. However, the ...

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• 24 August

  Tesla boasts range topping 300 miles

  

    San Francisco / AFP Tesla unveiled speedy new model electric cars capable of traveling more than 300 miles (482 kilometers) before needing to be recharged. A Model S P100D with “Ludicrous mode” was billed by Tesla founder Elon Musk as the third fastest accelerating production car ever made, capable of going from zero to 60 miles per hour in ...

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• 24 August

  Venezuelan hospitals lack 80% of medicines, supplies

  

    Caracas / AFP Hospitals in crisis-hit Venezuela are facing shortages of about eight in 10 medications and medical supplies needed to treat patients, according to a study. The 2016 National Hospital Survey found that 76 percent of the medicines and 81 percent of the medical and surgical supplies that doctors need had run out or were hit by severe ...

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• 24 August

  Glencore trims first half losses

  

    AFP Mining giant Glencore reported reduced first-half losses on Wednesday, as the company pushes forward with an aggressive cost-cutting plan to recover from a brutal 2015. The Switzerland-based company posted a loss of $369 million (327 million euros) through the first half of the year, an improvement on the $676 million Glencore lost in the first six months of ...

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• 24 August

  AstraZeneca sells part of antibiotics unit to Pfizer

    AFP British drugs giant AstraZeneca on Wednesday agreed to sell part of its antibiotics business to US giant Pfizer for up to $1.6 billion (1.4 billion euros). The deal for the company’s small-molecule antibiotics, or those developed using traditional chemistry, is expected to complete in the fourth quarter, AstraZeneca said in a statement. The news comes days after Pfizer ...

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• 24 August

  European equities mainly rise on German GDP

  

    London / AFP European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data. Strong foreign trade and buoyant consumption drove Germany’s economy, Europe’s largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said. Gross domestic product (GDP) grew by 0.4 percent between ...

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• 24 August

  Gulf moves little, Saudi flat

  

    Dubai / Reuters Gulf stock markets moved little in early trade on Wednesday with few positive factors to spur buying, although Saudi Arabian petrochemical shares were firm. The Saudi Arabian index was flat. Petrochemical heavyweight Saudi Basic Industries added 0.6 percent and Al Sagr Cooperative Insurance rose 2.2 percent in unusually heavy trade. Dubai’s index edged down 0.2 percent. ...

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