May, 2016

• 17 May

  UAE-PPF accomplishes Masdar energy projects

  

    Abu Dhabi / Emirates Business The recent inauguration of a 600kW solar photovoltaic plant in the Federated States of Micronesia marks the successful completion of Cycle 2 of US$50 million UAE-Pacific Partnership Fund. Through the UAE-PPF’s two cycles of financing provided by the Abu Dhabi Fund for Development, renewable energy projects have been delivered to 11 Pacific Island nations ...

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• 17 May

  Emaar Industries & Investments gets stake in Leaders Fort Contracting

    Dubai / Emirates Business Emaar Industries & Investments (EII), a private joint stock company and member of Emaar Properties PJSC, has acquired a significant stake in the UAE-based Leaders Fort Contracting (LFC), which has extensive expertise in specialised works including Concrete Repair technologies, Industrial & Trafficable flooring, Waterproofing, protective coatings, MEP works among others. EII already has a significant ...

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• 17 May

  Experts discuss trends in pipeline industry

  

    Sunaina Rana / Emirates Business The Middle East is home to around 56 per cent of the world’s oil reserves and 36 per cent of the world’s natural gas reserves, where the maintenance and utilization sector plays an integral segment in the development of the region. Discussing pipeline design, and engineering and project challenges, key stakeholders of the Oil ...

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• 17 May

  Architects to redefine UAE’s leisure landscape

  

      Abu Dhabi / United Arab Emirates Gulf Related, in partnership with leading international architectural firm, ElkusManfredi Architects, has begun implementation of the key design concepts for Al Maryah Central — embracing novel architectural ideas and promising to redefine the UAE’s retail and leisure landscape. Scheduled for completion in 2018, Al Maryah Central is part of an unparalleled 3.1 ...

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• 17 May

  MoF launches initiative on economic research

    Abu Dhabi / Emirates Business As part of its strategy to enhance scientific research and studies that provide accurate data to support decision makers, the Ministry of Finance (MoF), launched an initiative to conduct studies by experts in managing the overall economy and the Ministry’s financial policies. Research papers are and will be published in international scientific journals. The ...

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• 17 May

  Trash banks in Indonesia boost savings

  

    Bali / Bloomberg   It’s clear from the dirt floor, the battered green sofa and the common-use comb hanging from a string next to the door that this is no ordinary bank. Customers here, in a poor corner of eastern Indonesia, borrow cash — and pay back trash. “The program originated from the people, it is managed by the ...

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• 17 May

  Australian govt delays ‘backpacker tax’ hike

    Beijing / Bloomberg Working holidaymakers from overseas were given a reprieve on Tuesday from being hit with a so-called “backpacker tax” in Australia after a campaign by farmers and the tourism industry. The government, which is in election mode with polls on July 2, had planned to introduce the levy on foreign travellers who are often young and work ...

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• 17 May

  Singapore probes Hyundai cars for sudden acceleration

    Singapore / AP Singapore’s Land Transport Authority said on Tuesday it is investigating Hyundai vehicles following reports of accidents involving sudden acceleration while reversing. In a statement, the authority said it was looking into cases of Hyundai vehicles having “unintended acceleration in reverse gear.” “It is premature to draw any conclusions at this point in time,” it said. The ...

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• 17 May

  Huawei to build global smartphone brand

  

    SHENZHEN / Bloomberg Chinese tech giant Huawei wants Americans to start thinking of it as a stylish smartphone brand. Huawei Technologies Ltd., which pulled out of the US market for network switching gear four years ago due to security fears, became the No. 3 global smartphone seller last year and passed Apple in China. This year, it launched a ...

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• 17 May

  Pound jumps most in 2 weeks as ‘Remain’ vote rises in Brexit poll

  

    Bloomberg The pound rallied the most in two weeks after a poll of U.K. voters released on Monday showed people who support a campaign to remain in the European Union exceeded those saying they will vote to leave by a wider margin than last month. Sterling rose against most of its 16 major peers after the ORB/Telegraph poll showed ...

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