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DUBAI / WAM The UAE’s Kimberly Process Office and the Dubai Central Laboratory, a Dubai Municipality entity, have signed a strategic collaboration agreement to further strengthen technical expertise in the testing of rough diamonds entering the country. The agreement was signed by Maryam Al Hashemi, UAE Kimberly Process Director and Director — Precious Metals and Stones, DMCC, and Amin Ahmed ...

DUBAI / WAM Emirates Transport (ET) has achieved record growth in terms of the number and value of contracts it signed with federal institutions and local authorities during the first half of the current year. The company signed 10 new contracts to provide transportation and rental services with eight government and federal authorities during this period. Abdulghaffar Mohammed Yousef, Accounts ...

DUBAI / WAM Dubai Mercantile Exchange (DME) on Monday announced a 45 percent increase quarter-on-quarter in trading activity on the exchange’s forward curve and a 33 percent growth in exchange average daily volume (ADV) during the first half of 2019. Forward curve volume reached 208,997 contracts from April 2019 through June 2019 versus 143,703 contracts traded in Q1 2019. Exchange ...

ABYAN / WAM The UAE and Saudi Arabia are supporting a project, titled, “Urgent Support for Improving Livelihoods of Underprivileged Families,” in Abyan Governorate, Yemen, which has benefitted 4,200 local fishermen. The project is being implemented by the Food and Agriculture Organisation (FAO), supported by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), and in partnership with ...

DUBAI / WAM Dubai Land Department (DLD) has signed a partnership agreement with Online Auction company to boost the real estate market’s activities, and provide new competitive options that enhance investor confidence. The strategic partnership agreement that was signed by Sultan Butti bin Mejren, Director General of DLD, and Ahmad Mustafa Ahli, Owner of Online Auction, will impact on achieving ...

Bloomberg Mexico’s future energy minister was looking for inspiration two years ago when she toured the world’s largest refining complex, a 7,500-acre maze of industrial plants and pipes in India where more than a million barrels of oil can be turned into fuel and petrochemical products each day. Rocio Nahle, who became energy minister under Mexico’s new government in December, ...

Bloomberg Pakistan is planning a wave of new wind and solar plants that will expand its clean energy capacity to about fifth of its total. The South Asian nation plans to increase its renewables by more than four times by adding as much as 7 gigawatts to bring its total to 8-9 gigawatts by 2025, said Nadeem Babar, head of ...

Bloomberg Alberta has relaxed the production limits it imposed on oil producers as it exports more barrels via rail and pipeline. Easing the production limit by 25,000 barrels a day means that operators can now produce about 175,000 barrels a day below what they were producing late last year, just before the province imposed the cut to alleviate a glut ...

Bloomberg US equities fell as tech heavyweights weighed on benchmarks, while Treasuries gained ahead of the Federal Reserve’s meeting. The pound tumbled more than 1 percent. The S&P 500 Index fell as Amazon, Facebook and Netflix all sank more than 1 percent. Apple gained ahead of its earnings announcement on Tuesday. Drug companies got a boost from surging Mylan NV ...

Bloomberg The pound and gilt yields slid to multi-year lows as UK PM Boris Johnson stepped up preparations for a no-deal Brexit with just about three months left until the nation exits the European Union. Sterling tumbled the most among the Group-of-10 currencies as various members of Johnson’s top team took a tough stance. UK Chancellor Sajid Javid said he ...