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Jebel Ali Customs carry out 3.147m transactions in 2019

DUBAI / WAM The Jebel Ali Customs Centres Management completed around 3.147 million customs transactions and made 163 seizures in 2019. The strategic customs management, which performs all customs operations at the Jebel Ali Port, the largest marine terminal in the Middle East and the flagship facility of DP World’s portfolio of over 65 marine terminals across six continents, showcased ...

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Abu Dhabi Police buildings receive AED808m overhaul

Adu Dhabi / WAM The Abu Dhabi General Services Company ‘Musanada’ has revealed that work is progressing on schedule on 15 projects that will expand Abu Dhabi Police’s network and renovate some of its existing buildings. The company announced in a statement that the AED808 million projects include the construction of three civil defence centres, three police stations, and the ...

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FNC approves two draft federal laws

ABU DHABI / WAM The Federal National Council (FNC) approved two draft federal laws on amending certain provisions of Federal Law No.18 for 1981 that regulates commercial agencies and the country’s strategic food reserves. The draft laws were approved during the fifth session of the first ordinary session of the FNC’s 17th legislative chapter, chaired by Saqr Ghobash, Speaker of ...

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Ambani recasts his TV network before potential stake sale

Bloomberg Reliance Industries Ltd, controlled by Indian billionaire Mukesh Ambani, is merging its media and distribution businesses spread across multiple entities into Network18 Media & Investments Ltd to help simplify the structure of the assets. The broadcasting business, TV18 Broadcast Ltd, will be housed in Network18, while the cable and internet services will be folded under two separate wholly owned ...

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India offers concessions on US farm goods to reach trade deal

Bloomberg India is open to greater market access for American farm and dairy products and lower duties on Harley-Davidson Inc motorcycles as it seeks to conclude a trade deal with the US in time for President Donald Trump’s scheduled visit next week, according to people with knowledge of the matter. New Delhi is willing to allow market access for US-produced ...

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Nissan shareholders add new directors

Bloomberg As Nissan Motor Co’s shareholders met on Tuesday to place new management on the board, the backdrop was grim. Sales and profitability are declining, a turnaround plan isn’t due for another three months and the stock is hovering near decade lows. Chief Executive Officer Makoto Uchida, Chief Operating Officer Ashwani Gupta, Executive Vice President Hideyuki Sakamoto and Renault SA ...

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Singapore budget gives $6.4b boost to economy

Bloomberg Singapore unveiled a series of support packages in its budget on Tuesday to help cushion the economy against the coronavirus outbreak and job risks. Finance Minister Heng Swee Keat said he will set aside S$800 million ($575 million) to fight the spread of the coronavirus outbreak, and provide two economic support packages totalling S$5.6 billion to support businesses and ...

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China to widen its tariff waiver for US

Bloomberg China will start accepting applications for tariff waivers on a wide range of American commodities as it seeks to show commitment to keeping its side of the trade deal with the Trump administration. China’s Ministry of Finance on Tuesday published a list of 696 American products including soybeans, beef, corn, wheat, crude oil and liquefied natural gas that will ...

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European car sales sink on new emission rules, lower incentives

Bloomberg European carmakers started off the year with their first sales decline in five months after changes to emission rules and consumer incentives crimped demand for some models. January passenger-car registrations declined 7.4% to 1.1 million vehicles in the EU, EFTA and the UK, according to a statement on Tuesday from the European Automobile Manufacturers Association. Some sales that would ...

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UK’s Sunak confirms budget to be delivered on March 11

Bloomberg Chancellor of the Exchequer Rishi Sunak said he is preparing to deliver the UK budget as planned on March 11, an announcement that ends days of speculation that his sudden appointment to the post last week would force a delay. “Cracking on with preparations for my first budget on March 11,” Sunak said on Twitter. “It will deliver on ...

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