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Abu Dhabi to enhance ties with Saudi tourism sector

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi successfully hosted a delegation of 11 key stakeholders and senior travel experts from the Kingdom of Saudi Arabia (KSA). Given the Kingdom’s important source-market status and the long-standing history it shares with the UAE, this high-level trade meeting focused on ways to leverage opportunities and address challenges ...

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China, a strategic partner: Ministry

Abu Dhabi / WAM Awaidha Murshed Al Marar, Chairman of the Department of Energy (DoE), emphasised the strength of the economic partnership between the UAE and China. Today, several Chinese companies are playing a major role in strengthening the economic relationship between both parties and taking part in developing numerous vital and strategic projects at the country level. This came ...

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RTA launches 8th Safety Awards

Dubai / WAM The Dubai Roads and Transport Authority (RTA), launched the 8th Safety Awards 2018 to recognise partners, consultants, contractors and employees adopting the best safety practices. The awards seek to encourage RTA’s partners to play proactive and constructive roles, sustain safety and maintain highest standards in all the authority’s services including public transport. The underlying objective of the RTA’s ...

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Emirati engineers join FANR Nuclear Training Programme

ABU DHABI / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR), welcomed to its staff seven Emirati engineers, who have recently graduated from UAE universities to join its flagship Developee Engineers Programme, as part of its strategy to build long-term sustainability by developing Emirati talent in the nuclear sector. The engineers will commence a year-long nuclear regulatory development programme. ...

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Enoc opens new service station in Al Barsha

DUBAI / WAM Enoc Group has opened a new service station in Al Barsha, a densely populated area in Dubai – as part of its expansion plans aimed at building 54 new service stations by 2020. Commenting on the announcement, Saif Humaid Al Falasi, Group CEO of ENOC, said, “The new service station in Al Barsha underlines our commitment to ...

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Emirates, flydubai team up to offer seamless service to Zagreb

DUBAI / Emirates Business Emirates and its partner airline flydubai announced on Monday that flights between Dubai and Zagreb in Croatia will be operated by flydubai from December 2 to March 30, 2019 after which flights will be operated by Emirates. The move will ensure that capacity is deployed to best serve customer demand by maximising the frequency for passengers ...

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Trump’s trade war casts a long shadow over LNG shipping boom

Bloomberg The booming market for liquefied natural gas can weather an escalating US-China trade war. But the risks are mounting. So far, LNG has been left off the growing list of tit-for-tat tariffs. If that changes, prices will rise and deter buyers just when new markets for the fuel are opening up, according to Paul Wogan, the chief executive officer ...

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India is hoarding China solar cells before tariff kicks in

Bloomberg India’s plan to cut imports of Chinese solar cells and modules by imposing a safeguard duty may have the opposite effect in the short run, according to ICBC International Research Ltd. Stockpiles could rise rapidly as Indian developers hoard more modules before the proposal to impose a 25 percent safeguard tariff is expected to take effect in the next ...

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US stocks drop on growth fears; Treasuries decline, oil climbs

Bloomberg US and European stocks dropped on Monday as investors digested warnings from the world’s financial leaders about the impact of protectionism on growth. Oil climbed amid tension between the US and Iran. The S&P 500 Index declined, pulled down by tech and industrial shares. Treasuries slipped while the dollar held steady. The Stoxx Europe 600 Index edged lower after ...

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India’s Sensex at record as PM cuts GST rates

Bloomberg Indian stocks advanced to a record after India slashed taxes on a slew of products and Prime Minister Narendra Modi defeated a no-confidence vote in the Parliament. The S&P BSE Sensex rose 0.6 percent to 36,718.60 in Mumbai. State and federal lawmakers cut goods and services taxes on more than 50 products, while the defeat of the opposition-led motion ...

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