finance & economy

April 18, 2019

Market maturity and developers responding to buyer demand are key to the evolution of Abu Dhabi’s real estate market, according to an industry expert.

Speaking at Cityscape Abu Dhabi's conference, Craig Plumb, head of research at JLL MENA, said the property market in the UAE capital has become more affordable.

“We are positive about what we can expect to see. Property is a cyclical business and we are in a period of a soft market. However, there’s not a huge amount of new supply expected this year or next,” said Plumb.

“In"...

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April 18, 2019

DUBAI, 17th April, 2019 (WAM) -- Arab-Italian economic and trade relations will get a boost, particularly in the Halal industry, following the signing of an agreement between Etihad Credit Insurance, ECI, and the Joint Italian Arab Chamber of Commerce, JIACC.

The move is also in line with ECI’s mandate to support UAE’s non-oil diversification strategy by offering UAE businesses a range of conventional and Sharia-compliant financial solutions and products to help them expand their regional and global footprint. The partnership is focused on supporting the halal industry as well as to strengthen the bilateral business and trade relations"...

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April 18, 2019

DUBAI, 17th April, 2019 (WAM) -- Dubai Municipality has completed the second phase of the expansion of Jebel Ali Sewage Treatment Plant at a cost of AED1.3 billion and a capacity of 375,000 cubic meters of water for this stage, taking the combined capacity of Warsan and Jebel Ali plants to about 1 million cubic meters with the possibility of future expansion of three more stages.

Dawoud Al Hajri, Director General of Dubai Municipality, said that the current expansion of Jebel Ali plant is one of the important infrastructure projects for the coming years to keep pace with Dubai's comprehensive growth in all areas to cover 100 percent areas"...

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April 17, 2019

DUBAI, 16th April, 2019 (WAM) -- Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, rang the market-opening bell today at Nasdaq Dubai to celebrate the listing of US$1 billion conventional bond.

The capital raised by the issue supports Emirates NBD’s regional and international business across diverse services including retail, wholesale and investment banking, private banking, asset management, global markets, treasury, brokerage operations and Islamic banking.

Emirates NBD is the largest issuer of conventional bonds on Nasdaq Dubai"...

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April 17, 2019

MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today it will release its results for first quarter 2019 on Thursday, May 2, 2019.

MSCI's senior management will review the first quarter 2019 results on Thursday, May 2, 2019 at 11:00 AM Eastern Time. To listen to the live event, visit the events and presentations section of MSCI's Investor Relations homepage, http://ir.msci.com/events.cfm,"...

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April 17, 2019

SpeeDx Pty, Ltd. announced an agreement with Cepheid to manufacture their market-leading ResistancePlus® tests for use on the GeneXpert System. The first test in Cepheid’s FleXible Cartridge programme, planned for launch early 2019, is ResistancePlus® MG, detecting the sexually transmitted infection (STI) Mycoplasma genitalium (Mgen) and markers associated with azithromycin resistance.

“The availability of ResistancePlus MG in a FleXible cartridge that runs on the GeneXpert System is a compelling and exciting extension for us,” said Colin Denver, CEO of SpeeDx. “Patients are already benefiting from Resistance"...

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April 17, 2019

• Well-filled research pipeline in oncology, fibrotic diseases, immunology and metabolic diseases

• Operating growth outpaces the market in all businesses

• Technical integration of the animal health business acquired in 2017 successfully completed

The research-driven pharmaceutical company Boehringer Ingelheim ended 2018 with net sales of 17.5 billion euros. Adjusted for currency effects, as well as one-off effects due to the asset swap with Sanofi in 2017, net sales grew by 4 per cent. At 3.2 billion euros (+2.8%), R&D expenses increased to 18.1 per cent of annual net sales.

In"...

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April 17, 2019

FIRST QUARTER HIGHLIGHTS

  • Total orders +3%1, order backlog +6%
  • Base orders +6%, higher in all divisions and regions
  • Revenues +4%, book-to-bill2 1.11x
  • Operational EBITA margin2 11.2%, impacted 100 basis points by GEIS dilution and a further 100 basis points by stranded costs
  • Net income $535 million, -6%
  • Operational EPS2 $0.31, +5%3
  • Cash flow from operating activities -$256 million; solid cash delivery expected for the full year
  • Global software partnership agreement with Dassault Systèmes announced

“We delivered another quarter of solid orders"...

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April 17, 2019

Bank of America reported its first-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190416005489/en/ Bank of America newsroom at https://newsroom.bankofamerica.com Bank of America Investor Relations website at http://investor.bankofamerica.com Business Wire’s news webpage at http://www.businesswire.com/portal/site/home/news Investor Conference Call information Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the financial results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795. Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast of the conference call and view the presentation slides by visiting the “Events & Presentations” section of the company’s Investor Relations website. Replay information for Investor Conference......

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April 17, 2019

The Board of Directors of ABB and its CEO Ulrich Spiesshofer (55) have mutually agreed for him to step down from his role, which he has held since 2013. The Chairman of the Board, Peter Voser (61), will become interim CEO in addition to his current role with immediate effect. An official search to find a new CEO has been initiated.

Peter Voser: “On behalf of the Board and the employees of ABB, I would like to personally thank Ulrich for his dedication and commitment to ABB’s customers and employees, not only as CEO, but also in other executive roles at ABB since 2005. Under his leadership, ABB has been transformed into a global technology"...

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