June, 2016

• 7 June

  DP World wins 50-yr concession to develop Ecuador’s Posorja port

  

  DUBAI / Reuters Dubai’s DP World won a 50-year concession to develop Posorja port project in Ecuador that will require initial investment of $500 million, the ports operator said in a bourse statement on Tuesday. The initial investment “will include the purchase of land, dredging of a new access channel, a 20 km access road and a 400 metre berth ...

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• 7 June

  Fit-out sector turns bespoke to meet millennial demand

  

    ALKESH SHARMA / Emirates Business UAE’s commercial fit-out sector — which is the leading the market in the entire GCC region — is bombarded with bespoke designs that meet the discerning requirements of millennial generation. New trends have marked an end to the cubical structures donning the office corridors, and open spaces that allow free access of ideas, communications ...

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• 7 June

  Nobel Museum Exhibition ends on a high note

    Dubai / Emirates Business Mohammed Bin Rashid Al Maktoum Foundation (MBRF) – a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives – concluded the activities of the second Nobel Museum Exhibition, which was organised over nearly three months from February 21 to May 30 at Children’s City in Dubai Creek Park under the theme, ‘Exploring life: the ...

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• 7 June

  Drive home the best automobile offers this Ramadan

  

    SUNAINA RANA / Emirates Business Automotive companies are gearing up to sweep you off your feet this Holy month. Firms have come up with some of the most attractive offers as the season usually accounts for the highest percentage of sales throughout the year. Hussam Baghdadi, Sales General Manager at Infiniti of Arabian Automobiles Infiniti told Emirates Business, “The ...

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• 7 June

  Stocks, emerging markets rally on Yellen; Pound gains

  

    BLOOMBERG Stocks rallied with emerging markets as investors added to bets that U.S. interest rates will stay lower for longer, keeping growth on track. The MSCI All Country World Index headed for its strongest close since April after Federal Reserve Chair Janet Yellen on Monday signalled that officials won’t derail the economy with a premature rate hike. Emerging-market stocks ...

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• 7 June

  Corn enters bull market on a hot start for US growing season

  

    Bloomberg Corn futures surged into a bull market as production concerns in the U.S. and Brazil, the world’s biggest exporters, sparked optimism that the global grain glut will ease. Dry conditions have beleaguered Brazil’s crops so much that the nation’s chicken processors have been forced to reduce production as domestic consumers compete with foreign buyers for grain supplies. Now, ...

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• 7 June

  Crops rot while Trump-led immigration backlash idles farm lobby

  

    Bloomberg The death of meaningful U.S. immigration reform, done in by Washington partisanship and Republican presidential candidate Donald Trump’s incendiary comments on foreigners, is leaving crops withering in the field and the farm lobby with nowhere to turn as a labor shortage intensifies. Carlos Castaneda watched one-quarter of his Napa cabbages rot in three of his California fields this ...

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• 7 June

  TRA, DFSA ink pact on online security

  

    Dubai / WAM The Telecommunications Regulatory Authority’s (TRA), Computer Emergency Readiness Team, aeCERT, and the Dubai Financial Services Authority (DFSA) have signed an agreement to jointly promote information security at the DFSA and provide companies with measures to avert all forms of attacks in cyberspace. TRA will provide guidance, education and awareness about online threats, as well as assist ...

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• 7 June

  MoE inspects food stuffs Sharjah market

  

    ABU DHABI / Emirates Business Following the Ministry of Economy’s recent announcement of its plan to monitor markets and open channels of communication with consumers during the Holy Month of Ramadan, the Ministry conducted an inspection of the Al Jubail Market in Sharjah on Tuesday. The visit was led by Dr Hashim Al Nuaimi, Director of the Ministry’s Consumer ...

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• 7 June

  DCCI encourages firms to digitalise B2B commerce

    DUBAI / WAM The Dubai Chamber of Commerce and Industry (DCCI) in partnership with global e-commerce platform for SMEs, Alibaba, recently conducted two workshops to emphasise the importance of business-to-business (B2B) e-commerce and to elaborate on Chamber’s role in facilitating e-commerce activities in the MENA region. The workshops, held at the Dubai Chamber headquarters, provided information about the sector ...

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