Bloomberg Boeing Co is looking at raising additional debt to help bolster its resources following the grounding of its 737 Max jetliner, Dow Jones reported. While Boeing had about $20 billion in available funds at the end of the third quarter, costs stemming from the Max crisis are increasing, the news agency said, citing people familiar with the matter it ...
Read More »Milkman concept revived by Dutch firm seeking edge
Bloomberg The milk float, a home-delivery service that evolved from horse-drawn carriages to early electric vehicles, belongs firmly in the past. Or does it? A little known Amsterdam-based online grocery company had revived the concept, but with a modern flourish. Picnic BV has a concept dubbed “Milkman 2.0†to deliver groceries using electric vehicles, focussing on less food waste and ...
Read More »Children of determination to receive boxing training
DUBAI / WAM In a press conference, national and international celebrities converged to announce the launch of the UAE’s first-of-its-kind initiative, “Boxing with Determination”, which will see children of determination receive training in boxing, a sport that will help build their motor skills and confidence. The initiative is a collaboration between Warehouse Gym the pioneers of boxing in the UAE, ...
Read More »55 firms benefit from AEO Programme: FCA
ABU DHABI / WAM According to the Federal Customs Authority (FCA), the number of registered companies that benefitted from the advantages offered by the Authorised Economic Operator, AEO, Programme in the UAE totalled 55 at the end of 2019. Another 15 companies plan to join the programme, which will bring the number to 70 participants by the end of January, ...
Read More »UAE leaders sign last piece of Hope Probe structure
Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday signed on the final metal part to be fitted into the Hope Probe. The piece ...
Read More »UAE prepares to host EcoWASTE 2020
ABU DHABI / WAM The seventh EcoWASTE Exhibition and Forum, focussing on the removal and storage of waste, is to be held from 13th-16th January, 2020, at the Abu Dhabi National Exhibition Centre. Guided by the vision of its wise leadership, which spares no efforts to achieve a better tomorrow for communities worldwide, the UAE has set an exemplary model ...
Read More »UAE to review plans to combat terrorism, money laundering
Abu Dhabi / WAM The UAE has presented its plan to combat money laundering for the upcoming month of February, during a joint review meeting held by the International Financial Action Task Force, FATF. The meeting aimed to highlight the country’s commitment to the directives adopted by FATF and the Middle East and North Africa Financial Action Task Force, “MENAFATF,” ...
Read More »ADIB finances $80mn facility to Oman Shipping Company
Abu Dhabi / WAM The Abu Dhabi Islamic Bank (ADIB), a leading financial institution, signed an agreement to provide an $80 million Shariah-compliant Ijara facility to the Oman Shipping Company SAOC (OSC), a member of the ASYAD Group, for the financing of two VLCC (Very Large Crude Carriers) tankers within the OSC group. The transaction represents the OSC’s first Sharia-based ...
Read More »Number of registered trademarks in UAE up 30% in December 2019
Abu Dhabi / WAM The number of trademarks registered in the UAE increased by 30.5 percent in December 2019 compared to November 2019, reflecting the country’s growing leadership as a regional business centre in the Gulf Cooperation Council (GCC), and throughout the Middle East. The UAE is ranked first in the Middle East and second in the world in attracting ...
Read More »Dubai’s DGCX trades record 23.06mn contracts in 2019
DUBAI / WAM The Dubai Gold and Commodities Exchange (DGCX), on Sunday announced that it broke its annual volumes and Average Open Interest (AOI), records last year, making 2019 the most successful year since its launch. The exchange traded 23.06 million contracts in 2019 beating its previous record of 22.26 million contracts traded in 2018 with DGCX’s wholly-owned clearing house, ...
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