MOHAP issues warnings on use of fake medicines

Abu Dhabi / Emirates Business The Ministry of Health and Prevention (MOHAP) issued 11 warnings against the use of fake pharmaceutical products marketed as food supplements and sexual enhancement products for men. The products contain undeclared ingredients and pose a high risk to patients with heart disease, diabetes, dyslipidemia, and those taking drugs containing nitrate. Dr Amin Hussein Al Amiri, ...

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Unikai Foods to establish largest distribution facility in RAK

Ras Al Khaimah / Emirates Business Unikai Foods PJSC, one of the largest Fast Moving Consumer Goods (FMCG) conglomerates in the Middle East and North Africa region, signed an agreement on with Ras Al Khaimah Economic Zone (RAKEZ) to establish its largest storage and distribution facility in the northern emirates. The signing ceremony was held in RAKEZ’s headquarters with Neeraj ...

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Rise of e-commerce continues to shape Dubai retail market

Dubai / Emirates Business JLL, the world’s leading real estate investment and advisory firm, on Wednesday released its Q2 2017 Dubai Real Estate Market Overview report which assesses the latest trends in the office, residential, retail and hotel sectors. The retail sector continues to evolve and adjust in the light of the fast pace of technological advancements, with retail brands ...

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Dubai Properties releases additional units in Arabella 3

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, announced the release of additional units to the third edition of the Arabella Townhouses (Arabella 3). A strategic decision, prompted by popular demand, now offers buyers and investors another chance to own property in one of the most ...

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Emirates to introduce second daily flight to Brussels

Dubai / WAM Emirates will introduce an additional daily flight to Brussels, complementing Emirates’ existing schedule and providing a double-daily service to customers from October 29. The new scheduled flight will be added to meet the growing demand for travel on the route. Emirates has carried over half a million passengers between Dubai and the Belgian capital since launching operations ...

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Sharjah recognises Grade 12 top-achievers

Sharjah / WAM Sharjah Education Council (SEC) recognised the Grade 12 top-achievers at the level of the Emirate of Sharjah for the academic year 2016-2017. A ceremony was held at the Sharjah Cultural Palace to mark the occasion in presence of Ali Al Housani, Secretary General of the SEC, Hessa Al Khaja, Director of Sharjah Educational Zone, educational top executives ...

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MBRSG launches ‘UAE public policy perspectives’ book

Dubai / Emirates Business The Mohammed bin Rashid School of Government (MBRSG), the research and education institution specializing in public policy in the Arab world, has launched its academic book UAE Public Policy Perspectives at a gala dinner at the International Business Academy Conference, held between July 1-5, with the participation of 1,040 researchers and academics representing 76 countries. UAE ...

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Saudi Arabia tightens grip on its biggest Asia oil market

TOKYO / Reuters Saudi Arabia has boosted its market share in Japan, the world’s top oil exporter’s biggest Asian market, by selling more light crude to the country as a way to offset revenue lost implementing OPEC’s production cuts. Middle East crude sellers consider Japan, the world’s fourth-largest oil importer, a premium market since its refiners will pay more to ...

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BlackRock busts $1bn green power goal with second fund

Bloomberg BlackRock Inc. exceeded a $1 billion fundraising target for wind and solar investments for its latest global clean energy fund, underscoring investor interest in renewable energy amid policy uncertainty in key markets. The second Global Renewable Power Fund, or GRP II, managed by BlackRock’s Real Assets closed after it raised $1.6 billion from 67 pension funds, insurance companies and ...

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Crude falls as Russia opposes deeper cuts

Bloomberg Crude oil fell, snapping the longest winning streak this year, as Russia was said to oppose any proposal to deepen OPEC-led production cuts. Futures dropped 1.7 percent in New York, snapping eight straight sessions of gains. Russia wants to continue with the current deal and any further supply curbs would send the wrong message to the market, according to ...

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