July, 2016

• 19 July

  UAE participates in UNCTAD 14 in Nairobi

  

    Abu Dhabi / Emirates Business A UAE delegation headed by the Ministry of Economy is currently participating in the 14th United Nations Conference on Trade and Development (UNCTAD 14) which officially launched in the Kenyan capital of Nairobi under the theme ‘From decision to action: Moving towards an inclusive and equitable global economic environment for trade and development.’ The ...

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• 19 July

  Empower wins AED1.8bn Nakheel contract

  

    DUBAI / WAM Continuing its local and global successes, Emirates Central Cooling Systems Corporation, Empower, the world’s largest district cooling services provider, signed a contract with Nakheel to provide district cooling services to Jumeirah Village Circle and Jumeirah Village Triangle, with a total value of AED1.8 billion. Empower will build up to 6 cooling plants in the two locations, ...

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• 19 July

  Brazilian exports to Arab nations reflect vibrant half-yearly trade

    ABU DHABI / Emirates Business The Arab Brazilian Chamber of Commerce noted thriving trade between Brazil and the Arab World as attested to by the impressive numbers issued by the organization covering Brazilian exports to Arab countries during the first half of 2016. These positive numbers reflect the great strides that companies across various sectors are making towards strengthening ...

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• 19 July

  Brexit can boost Chinese investments in Dubai real estate

  

    DUBAI / WAM Dubai has a huge opportunity to boost growing real estate investment from Chinese investors in the wake of Britain’s decision to leave the EU, developers and property marketers have been told. Uncertainty in Europe following the Brexit vote could attract a new wave of Chinese investment in Dubai based on the Emirate’s offer of quality new ...

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• 19 July

  Turkey jails generals as PM warns against revenge

  

    Ankara / AFP Turkish Prime Minister Binali Yildirim on Tuesday warned against exacting revenge on supporters of the failed coup, as Ankara arrested top generals in a relentless crackdown that has sparked global alarm. Erdogan has denounced the coup bid, which left more than 300 dead on all sides, as a treacherous bid to oust him from power devised ...

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• 19 July

  Anti-US protests staged at 11 KFC branches in China

  

    Beijing / AFP Chinese people who blame Washington for an international tribunal’s dismissal of Beijing’s maritime claims have called for a boycott of Kentucky Fried Chicken (KFC) in protests outside branches in 11 cities, reports said. Crowds gathered to wave placards and shout anti-US slogans outside restaurants stretching from the northern province of Hebei to Hunan province, some 1,600 ...

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• 19 July

  Philippines rejects China riders for sea row talks

    Manila / AFP Manila has rejected Beijing’s demand that it “disregard” an international ruling that invalidated the Asian giant’s claims to much of the South China Sea before negotiating on the issue, the Philippines’ foreign secretary said on Tuesday. China last week denounced a UN-backed tribunal’s finding that there was no legal basis for its claims to most of ...

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• 19 July

  EU takes China to WTO over export curbs

    BRUSSELS / AFP The EU on Tuesday followed the US to launch a new legal challenge at the World Trade Organization over duties and quotas China imposes on its raw materials exports.The EU said China is violating WTO rules with restrictions on exports of key materials such as graphite, cobalt, chromium and magnesia which help Chinese industry at the ...

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• 19 July

  Indian Kashmir residents face medicine shortage

  

    Srinagar / AFP Indian Kashmir residents said on Tuesday they are facing shortages of prescription drugs, as parts of the region remained under curfew for an 11th day following deadly clashes between protesters and security forces. As the overall death toll from days of violence rose to 45, shopkeepers warned supplies were running low because trucks were unable to ...

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• 19 July

  Court orders freezing of Musharraf’s property

    Islamabad / AFP A special court trying former Pakistani military ruler Pervez Musharraf for treason passed an order on Tuesday freezing his bank accounts and confiscating his property, his lawyer said. The head of a three-judge panel, Mazhar Alam Miankhel, made the order in the absence of the former president, who left for Dubai in March for what was ...

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