June, 2016

• 26 June

  Would be amazed if Fed raises rates in 2017: Avenue chief

  

    Bloomberg Marc Lasry, chairman and chief executive officer of hedge fund firm Avenue Capital Group, told Fox Business Network that the Federal Reserve is likely to hold interest rates steady after British voters’ decision to leave the European Union. “I don’t think the Fed’s going to raise rates right now,” Lasry told the business-news channel, according to excerpts from ...

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• 26 June

  China-led development bank approves first loans

  

    AP A new Chinese-led development bank has approved its first loans and expects to suffer no impact from Britain’s vote to leave the European Union, the bank’s president said Saturday at its first annual meeting. The Asian Infrastructure Investment Bank, launched in January with 57 member governments, already has received expressions of interest from possible additional members, said Jin ...

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• 26 June

  SDG organises session on happiness for Dubai society

  

    Dubai / Emirates Business Smart Dubai Government Establishment (SDG), in co-operation with a number of its strategic partners in government entities, has organized a brainstorming session titled “Challenges of connected services” as part of its innovative activities and its efforts for developing government shared services, which are offered in partnership or collaboration with several government entities to ensure sustainable ...

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• 26 June

  TRA receives 1,300 mobile applications for ALECSO award

    Dubai / Emirates Business The Telecommunications Regulatory Authority (TRA) received a total of 1,300 mobile applications participating this year at the second edition of the ALECSO Apps Award, a mobile app development competition launched by the Arab League of Educational, Cultural and Scientific Organization (ALECSO). TRA said its efforts to promote the event incorporation with ALECSO, have resulted in ...

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• 26 June

  Gulf Capital gets international certification award from BSI

  

    Abu Dhabi / Emirates Business Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, received the international ISO/IEC 27001 certification from The British Standards Institution (BSI), the world’s first National Standards Body and a founding member of the International Organization for Standardization. This certification is created by a joint technical committee of ...

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• 26 June

  MoE inspects Abu Dhabi Coop Society

    Dubai / WAM The Ministry of Economy organized on Sunday an inspection of the Abu Dhabi Cooperative Society’s Abu Dhabi Mall branch as part of its ongoing programme to visit markets and retail stores across the UAE during the holy month of Ramadan. The initiative aims to ensure that prices are controlled and that commitments to sales offers and initiatives ...

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• 26 June

  DEWA honours 118 students

    Dubai / WAM The Dubai Electricity and Water Authority, DEWA, has honoured 118 high-performing students who are enrolled in its scholarship programme for Emirati students in local and foreign universities. Saeed Mohammed Al Tayer, MD and CEO of DEWA, honoured the students who achieved high GPAs in the first semester of the academic year 2015/2016 in a ceremony held at ...

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• 26 June

  Tadweer holds social awareness lectures during Ramadan

  

    Abu Dhabi / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi) organizes a series of social awareness lectures during the holy month of Ramadan under the slogan ‘Let’s Break the Habit with no Excess’. This campaign is conducted in cooperation with General Authority for Islamic Affairs and Endowments. The lectures targeted housewives after Tarawih Prayers in ...

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• 26 June

  UAE energy-mix to have 10pc renewables by 2030

  

    RITIKA SHARMA / Emirates Business The cost-competitiveness of renewable energy gives the UAE an opportunity to invest in renewables and make sure more of the natural energy is used. Experts believe that based on the current trends in the energy sector, the UAE will achieve at least 10 percent use of renewable energy in its energy-mix by 2030 and ...

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• 26 June

  Innovative hair care for women

  

    Sunaina Rana / Emirates Business Hair care is an essential element in the global beauty care industry. Reports say that women spend an equal amount on their hair care products as much as they spend on cosmetics. In the wake of the trend, luxury hair care brand Innovatis has introduced a unique hair treatment line that contains diamond and ...

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