June, 2016

• 12 June

  LatAm’s worst bank stock offers max potential returns

    Bloomberg Itau Corpbanca is the Latin American lender that offers investors the juiciest potential returns, equity analysts say. It’s also the worst performer in the region as investors ignore buy recommendations and wait for a recovery in its earnings. Itau Corpbanca’s 12-month average target price is 31 percent above the current price, the largest difference among 27 Latin American ...

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• 12 June

  England’s Euro 2016 exit could wipe £6bn off stock market

    Dubai / Emirates Business England’s early elimination from the Euros 2016 could wipe £6 billion off the stock market in a single day, a finance expert from London Business School has warned. Alex Edmans, Professor of Finance, London Business School, on Sunday said the effect of football results on national mood is so strong that it can spill over ...

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• 12 June

  Peru could be mine superpower if leader can woo farmers

  

    Bloomberg Arriving late to the mining boom helped Peru defy a global freeze on project spending as prices plunged. Now the pipeline’s drying up, and the country’s chances of joining neighboring Chile as a copper superpower depend largely on the next president’s affinity with remote communities. For Pedro Pablo Kuczynski, who secured the majority of votes in presidential election, ...

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• 12 June

  Evaluation of applications for biz, innovation awards commences

  

    Dubai / WAM Dubai Chamber of Commerce and Industry, in its continued quest to harness a robust and competitive business environment, has now commenced the evaluation of applications for both the Mohammed bin Rashid Al Maktoum Business Award and the newly launched 1st edition of the Mohammed bin Rashid Al Maktoum Business Innovation Award. The Mohammed bin Rashid Al Maktoum ...

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• 12 June

  MoE inspects Abu Dhabi fruits & vegetable market

  

    Abu Dhabi / WAM The Ministry of Economy (MoE) organized an inspection of the fruits and vegetables market at the Port Zayed area in Abu Dhabi on Sunday. The visit was led by Dr Hashim Al Nuaimi, Director of the Ministry’s Consumer Protection Department, and was held in cooperation with the Department of Economic Development in Abu Dhabi. The event marks ...

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• 12 June

  Al Ghafli reviews progress of Sheikh Shakhbout Medical City

  

    Abu Dhabi / WAM Saeed Eid Al Ghafli, Chairman of the Executive Office, has confirmed that the Government of Abu Dhabi is determined, according to adopted plans, to follow the wise leadership’s guidance seeking to reinforce health services and facilities in the Emirate of Abu Dhabi, and to provide the best available services, treatments and technologies. He made this statement ...

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• 12 June

  Western Union launches ‘30 Days of Betters’ Ramadan campaign

  

    Abu Dhabi / Emirates Business The Western Union Company, a leader in global payment services, on Sunday launched its “30 Days of Betters” program to reinforce the universal concepts of sharing and caring during the Islamic holy month of Ramadan. The program will run simultaneously in the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Qatar, Kuwait,Indonesia and ...

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• 12 June

  ADFD hosts Ramadan lecture for staff

  

    Abu Dhabi / Emirates Business In keeping with the spirit of the Holy Month of Ramadan, Abu Dhabi Fund for Development (ADFD) hosted a religious lecture delivered by Taleb Al Shehhi, Director of Preaching Department at the General Authority of Islamic Affairs and Endowments and Vice Chairman of Sharia Committee at Zakat Fund. The lecture aimed to increase the ...

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• 12 June

  Khalifa Foundation distributes aid supplies to Yemenis

  Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation is continuing the provision of aid to Yemen’s Socotra Island through the launch of its air bridge project consisting of 12 humanitarian aid planes carrying 400 tonnes of Ramadan food supplies. The humanitarian initiative came in response to the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan ...

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• 12 June

  Etihad marks 10 years of flying to Qatar with additional frequencies

  

    Abu Dhabi / Emirates Business Etihad Airways is celebrating 10 years of flying to Qatar this summer by launching nine additional weekly flights on the Abu Dhabi — Doha route reinforcing its commitment to one of the airline’s key markets in the Gulf. Effective August 1, the national airline of the United Arab Emirates will increase weekly frequency to ...

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