Aden / WAM The Emirates Red Crescent (ERC), presented financial rewards to doctors who worked during Eid al-Fitr in health centres across Aden, as a token of appreciation for their efforts to serve the community. The ERC team provided Dr. Ishraq Al Sebaie, Under-Secretary of the General Health and Population Ministry of Yemen, with the financial rewards for the doctors ...
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Adnec, Seha partner for Abu Dhabi International Boat Show
Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (ADNEC) has announced its partnership with SEHA as Official Healthcare Provider for the inaugural edition of the Abu Dhabi International Boat Show (ADIBS) 2018, which will be held from October 17-20 at the Abu Dhabi National Exhibition Centre. SEHA will be present at the show with a fully equipped mobile ...
Read More »Saudi vows decisive oil supply boost to comfort consumers
Bloomberg Saudi Arabia promised to act decisively to keep oil prices under control, signalling a real supply boost approaching 1 million barrels a day is on the way to global markets. “We will do whatever is necessary to keep the market in balance,†Saudi Energy Minister Khalid Al-Falih told reporters, while sitting alongside his Russian counterpart Alexander Novak at OPEC ...
Read More »Egypt sets stage to end LNG tenders, resume exports
Bloomberg Egypt may have just issued its last LNG tender, setting the stage to resume exports next year. Imports of liquefied natural gas may stop in the fourth quarter, allowing for exports to start early next year as Eni SpA’s Zohr and other gas fields boost production in the country and help to draw more foreign investment, Petroleum and Mineral ...
Read More »No timeframe to revisit China listing, says Xiaomi
Bloomberg Xiaomi Corp. said it hasn’t set a timeframe to revive an offering of Chinese depository shares, a delay that could hurt China’s ambitions to lure its tech giants to list in the domestic market. The Chinese phonemaker had no dispute with China Securities Regulatory Commission on the proposed listing, Chief Financial Officer Chew Shou Zi said at a briefing ...
Read More »Trade war sends jitters down hedge funds in China
Bloomberg Donald Trump’s threats of a trade war with China are sending jitters through the hedge-fund community. Pinpoint Asset Management and SPQ Asia Capital have recently cut a measure of risk called net exposure — the difference between bullish and bearish bets — for hedge funds that invest in China. FengHe Asia Fund, which focuses on China, Taiwan and Vietnam, ...
Read More »China handed the world a 111-mn-ton trash problem
Bloomberg Few people consider used plastic to be a valuable global commodity. Yet China has imported 106 million tons of old bags, bottles, wrappers and containers worth $57.6 billion since 1992, the first year it disclosed data. So when the country announced last year that it finally had enough of everybody else’s junk, governments the world over knew they had ...
Read More »China’s ‘Thousand Talents’ plan key in seizing US expertise
Bloomberg China’s “Thousand Talents†programme to tap into its citizens educated or employed in the US is a key part of multi-pronged efforts to transfer, replicate and eventually overtake US military and commercial technology, according to American intelligence officials. The programme, begun in 2008, is far from secret. But its unadvertised goal is “to facilitate the legal and illicit transfer ...
Read More »Trump’s trade war raises risk of slowdown in US economy
Bloomberg The escalating trade battle between the US and the rest of the world is raising the risk of a meaningful slowing in an otherwise vibrant American economy. While the tariffs already in place and set to be implemented will barely dent US growth, economists say the panoply of additional measures being considered would take a perceptible bite out of ...
Read More »Euro-area economic growth gathers pace in June as risks persist
Bloomberg Economic momentum in the euro area unexpectedly picked up in June, suggesting the 19-nation bloc is starting to recover from a temporary soft patch just as risks to the outlook increase. Private-sector growth also gathered pace in the region’s two largest economies, Germany and France, underpinning the European Central Bank’s prediction that a rebound — even if it arrives ...
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