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Abu Dhabi / WAM The UAE on Monday announced AED55 million ($15 million) for school supplies that will support 400,000 students in Sudan. The monetary aid, provided by Abu Dhabi Fund for Development (ADFD), covers educational necessities, including classroom equipment. ADFD, in cooperation with the Sudanese government, supervised the delivery of the first shipment of school supplies that covers the ...

DUBAI / WAM The UAE and Egypt have agreed to strengthen trade relations and boost bilateral exports between the two countries through a Memorandum of Understanding signed between Etihad Credit Insurance (ECI), the UAE Federal Export Credit company and the Export Credit Guarantee Company of Egypt (ECGE). The agreement, signed by Massimo Falcioni, CEO of ECI and Mohamed Azzam, Managing ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has announced details about next edition of Culture Summit Abu Dhabi, the leading global forum which explores creative cultural solutions to the most pressing issues affecting the world today. Culture Summit Abu Dhabi 2020 will take place at Manarat Al Saadiyat from April 5-9, ...

Bloomberg Tensions remained high across India on Monday after five days of protests against a contentious new religion-based citizenship law turned violent in the capital New Delhi and other parts of the country, with police using tear gas to disperse crowds. Anger against the law has fueled protests across Asia’s third-largest economy, from Assam, about 1,900 kilometers (1,180 miles) to ...

Bloomberg The pickup in China’s economy in November adds to the optimism from the trade deal announced last week, though plenty of downside risks remain as the nation heads into 2020. Industrial output and private consumption were both much stronger than expected, with production jumping 6.2% from a year earlier and retail sales climbing 8%, data released on Monday showed. ...

Bloomberg Beverage cans manufacturer Pakistan Aluminium Beverage Cans Ltd (PABC), a joint venture of the UK’s Ashmore Group and Pakistan’s Liberty Group Ltd, is exploring a sale that could fetch about $100 million, people with knowledge of the matter said. The shareholders are working with an adviser on the potential sale, said the people, who asked not to be identified ...

Bloomberg Just when German factories appeared to be exiting a yearlong slump that battered the country’s economy, it worsened again. The last surveys of purchasing managers for 2019 highlight the dire state of industry in Europe’s largest economy, which was one of the largest drags on the 19-nation euro zone this year. There were also disappointing numbers out of France ...

Bloomberg The euro zone’s private sector is barely growing as 2019 draws to a close, rounding off a year that has seen factories battered by trade uncertainties. IHS Markit’s Composite Purchasing Managers’ Index (PMI) stayed at 50.6 in December, slightly lower than economist estimates of 50.7. The reading signals fourth-quarter output will be the weakest since the region exited a ...

Bloomberg FreeNow, the ride-hailing venture owned by Daimler AG and BMW AG, expects to double revenue this year and next in a fresh challenge to Uber Inc in Europe and Latin America. FreeNow’s so-called gross merchandise volume, which mirrors revenue, is forecast to reach about 2.4 billion euros ($2.7 billion) in 2019, Chief Executive Officer Marc Berg said in an ...

Dubai / WAM Brand Dubai, the creative arm of the Government of Dubai Media Office, on Sunday signed a Memorandum of Understanding (MoU), with Dubai Municipality to undertake beautification projects across Dubai to enrich the city’s urban landscape. The collaboration supports the shared strategy of both organisations to enhance the aesthetic ambience of the city and transform key neighbourhoods into ...