June, 2016

• 21 June

  MoE inspects Ramadan prices and offers at Sharjah Cooperative Society

  

    Abu Dhabi / Emirates Business The Ministry of Economy (MoE) continues to visit retail store chains across the different emirates as part of its inspection program for the holy month of Ramadan. It conducted its latest inspection on Tuesday at a branch of the Sharjah Cooperative Society in the Emirate of Sharjah’s Helwan area. Dr Hashim Al Nuaimi, Director ...

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• 21 June

  EIBFS hosts forum to explore enhancements in training prog

  

    Dubai / Emirates Business The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, organised the 2016 Human Resources Managers Forum as part of its sustained commitment to engaging with HR managers of banks in the region and gaining their feedback for enhancing the content and quality of its training ...

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• 21 June

  DIFC welcomes leading Indian insurer HDFC Life to its fold

  

    Dubai / Emirates Business Dubai International Financial Centre (DIFC), the global financial hub connecting businesses and institutions with emerging market opportunities across the Middle East, Africa and South Asia, welcomed one of India’s leading insurers HDFC Standard Life Insurance Company Limited (HDFC Life) to its diverse portfolio of clients. HDFC International Life and Re Company Limited (HDFC International Life ...

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• 21 June

  Ajman announces AED 75mn sewerage expansion projects

  

    AJMAN / Emirates Business As a result of Ajman’s steady growth, Ajman Sewerage has announced the commencement of two strategic projects, which will enable the utility company to further expand its network coverage while increasing the overall capacity and safety performance of its wastewater collection and transportation system. The projects, which are worth AED 75 million, include the construction ...

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• 21 June

  Drones bolster UAE homeland security

  

    ALKESH SHARMA / Emirates Business Drones — also known as Unmanned Aerial Vehicles (UAVs) — have certainly come a long way in terms of their utility. More than those petty jobs of taking simple imagery or delivering light packets, drones are now seen as an asset when it comes to sprucing up homeland security of a nation. In the ...

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• 21 June

  Dubai SME inks pact on health insurance solutions

  

    DUBAI / Emirates Business Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding (MoU) with Neuron Inc. — the fastest growing provider of innovative health insurance solutions — and NASCO France, a leader in insurance and reinsurance brokerage in ...

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• 21 June

  With huge London footprint, US banks gird for Brexit vote

  

    New York / AFP Two days before Britain’s referendum on breaking with the European Union, the largest US banks are preparing for a catastrophic scenario that could cost them billions of dollars. Amid the volatile atmosphere in Britain, the banks are outwardly keeping a straight face. “We are locked down on this,” said Michael Duvally, spokesman for Goldman Sachs, when ...

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• 21 June

  Temer gives Brazil states billions of relief on debt payment

  

    Bloomberg Brazil’s government says it struck a deal with state treasuries that’s designed to alleviate their fiscal crises without placing too much of a burden on federal coffers. The deal on the 427 billion reais ($126 billion) that states owe the federal government was reached in a meeting between Acting President Michel Temer and governors on Monday. It will ...

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• 21 June

  Brazil ships corn to US amid supply crunch

  

    Bloomberg Corn from Brazil is heading to the U.S., the world’s biggest exporter, just as the South American country grapples with a shortfall of the grain. The vessel, Samsun, is estimated to arrive Aug. 12 at port in Wilmington, North Carolina, an area with many poultry and hog operations, according to a sailing schedule from the state’s port authority. ...

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• 21 June

  Record sugar prices fail to lure Brazil millers to boost output

  

    Bloomberg Sugar prices in Brazil, the world’s biggest producer and exporter, have surged to a record, but that’s not enough to entice processors to increase investment, Louis Dreyfus Commodities Co.’s sugar unit says. While making the sweetener has become profitable again, companies are still reluctant to boost capacity as many still struggle with a debt hangover from the previous ...

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