July, 2016

• 12 July

  Emirates Airline named world’s best at Skytrax Airline Awards

  

    Dubai / WAM Emirates Airline was on Tuesday named the World’s Best Airline 2016 at the prestigious Skytrax World Airline Awards 2016, in addition to scooping up the awards for World’s Best Inflight Entertainment for a record 12th consecutive year, and Best Airline in the Middle East. Based on the results of the largest airline passenger satisfaction survey in ...

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• 12 July

  Deyaar signs pact with Dubai Cares to build school in Senegal

  

    Dubai / Emirates Business Deyaar Development PJSC, one of Dubai’s largest property developers and real estate service providers, on Tuesday signed an agreement with Dubai Cares to build a primary school in rural Senegal to provide access to educational facilities for the community. Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives, is a philanthropic organisation launched ...

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• 12 July

  DEWA completes smart transformation to enhance services

  

    Dubai / WAM DEWA’s smart app DEWA’s smart app provides its customers with a unified and seamless experience when using it. The app is both efficient and easy-to-use, and combines many features, which enriches the user experience. DEWA’s revamped website DEWA has revamped its website, to provide comprehensive services that meet the requirements of everyday life: services that are ...

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• 12 July

  Dubai top among 7 global cities in consumer confidence index

  

    Dubai / Emirates Business Consumers in Dubai appeared to be more optimistic on the overall state of the economy and job prospects compared to six other leading cities in the world in an analysis of consumer confidence conducted by the Department of Economic Development (DED) in Dubai. The comparative study showed that the overall Consumer Confidence Index (CCI) for ...

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• 12 July

  UAE committee for WTO holds meet in Abu Dhabi

    Abu Dhabi / Emirates Business The UAE National Committee for the World Trade Organization recently held its seventh meeting at the headquarters of the Ministry of Economy in Abu Dhabi which was chaired by HE Eng Sultan Bin Saeed Al Mansouri, Minister of Economy. The meeting was attended by HE Abdullah Bin Ahmed Al Saleh, Undersecretary of the Ministry ...

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• 12 July

  MoF, ADGM sign agreement on automatic exchange of information for tax purposes

  

    Abu Dhabi / WAM Following its commitment to exchange tax information according to international requirements and sign agreements on the avoidance of double taxation, the Ministry of Finance (MoF) recently signed a Memorandum of Understanding with Abu Dhabi Global Market (ADGM) on the automatic exchange of information (AEoI) for tax purposes on ADGM premises. The MoU was signed by Younis ...

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• 12 July

  ENOC awarded for innovative jet refuelling hydrant servicers

    Dubai / Emirates Business Emirates National Oil Company (ENOC) won the Ideas Arabia Competition 2016 in the ‘Health & Safety’ category for its innovative idea in the design and deployment of specialised jet refuelling hydrant servicers for the smaller-sized Boeing 737 aircraft. The unprecedented advanced system allows for faster and safer refuelling of aircrafts reflecting ENOC’s commitment to HSE ...

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• 12 July

  Dubai Municipality ‘Smart Search’ to help enhance town planning

    Dubai / WAM As part of its efforts towards pioneering a sustainable and smarter city by embracing the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, Dubai Municipality, with the help of Microsoft SharePoint, launched DM Smart Search, a unified portal that provides access to vital information from across ...

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• 12 July

  Global stocks erase Brexit losses; Investors bail on bonds, yen

  

    Bloomberg Global stocks erased losses sparked by the U.K.’s secession vote, the Dow Jones Industrial Average topped its closing record and commodities joined a rally in risk assets on the prospect of stimulus in major economies. Government bonds sank with the yen. The MSCI All-Country World Index reached its highest level since June 23, while the S&P 500 Index ...

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• 12 July

  OPEC sees tighter 2017 oil market, Brexit drag on economy

  

    LONDON / Reuters OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be higher than its current production and pointing to a supply deficit rather than a sizeable surplus that has weighed on prices. However, the Organization of the Petroleum Exporting Countries in a monthly report also cut ...

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