CAIRO / Reuters Egypt will end local wheat buying on Wednesday, earlier than usual, due to exceeding its target of 4 million tonnes, the supplies ministry said on Saturday. “Supplies Minister Khaled Hanafi pointed out that the door for receiving local wheat from farmers will close at the end of Wednesday due to lowering local procurement rates,” the ministry ...
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Brexit outcome too close to call with undecideds seen as key
Bloomberg British public opinion is too close to call on whether the country should stay in the European Union, with many voters still undecided as interest groups and political leaders make their cases, according to two polls released this weekend. An online survey by Opinium for the Observer newspaper showed 44 percent support Britain remaining in the 28-nation ...
Read More »â€˜Please don’t go,’ Germany’s leading magazine urges Britons
Bloomberg Germany’s biggest news magazine Der Spiegel threw its hat into the Brexit ring with a special edition, thicker and cheaper than usual, adorned with an image of the Union Jack and the German plea “Bitte geht nicht!†or “Please don’t go!†The issue that hit newsstands on Saturday costs 2 pounds, rather than the usual 5.20, in Britain ...
Read More »Greek TV stations face sign-off in licensing row
AFP Greece is in the grip of a row over television, with the government under attack for plans to slash the number of private channels in a sector that was hit hard by the financial crisis. Authorities say they want to clean up an industry known for its workforce exploitation and rumoured under-the-table deals between media moguls, bankers and ...
Read More »Don’t be caught off guard in ‘Bremain’ relief rally: Nordea
Bloomberg With some polls showing Britain might vote to leave the EU in less than two weeks, investors are increasingly being told to adjust their portfolios to gird for a so-called Brexit. But Nordea, Scandinavia’s biggest bank, says it might also be wise to prepare for the relief rally that would follow the June 23 referendum should Britons choose ...
Read More »Auto giants see road to riches by investing in sharing services
Bloomberg Auto giants are racing to invest in car- and ride-sharing services, lured by the prospect of fat profits yet to be tapped from a billion cars on the world’s roads. A typical car spends 95 percent of its life at a standstill, industry analysts say, making it a vastly under-utilised, depreciating asset. There may be big money waiting, ...
Read More »Europe invests big in Abu Dhabi
ABU DHABI / WAM Director of Foreign Trade and Export Support at the Abu Dhabi Department of Economic Development, Adeeb Al Afifi, said European countries accounted for 40.7 per cent of all foreign direct investment in the emirate of Abu Dhabi in 2014. He was speaking before representatives of the European Union, Abu Dhabi Quality and Conformity Council, the ...
Read More »Sweden abolishes nuclear tax
Stockholm / WAM The Swedish parliament on Saturday agreed to abolish a tax on nuclear power as it recognizes nuclear’s role in helping it to eventually achieve a goal of 100% renewable generation. Agneta Rising, Director General, World Nuclear Association, said, “It is excellent news that this tax will be removed, but it should never have been implemented in ...
Read More »Suqia to help solve water woes
DUBAI / WAM The UAE established a role in international efforts to combat humanitarian challenges, as well as having a strong presence in emergency and long-term humanitarian aid all around the world. In June 2014, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the UAE Water Aid ...
Read More »â€˜Workers’ well-being pillar of sustainable development in UAE’
GENEVA / WAM Acting Undersecretary at the Ministry of Human Resources and Emiratisation, Humaid Rashid bin Demas, said decent work and protecting workers’ well-being constitute a pillar for sustainable development in the UAE. He was speaking at a ministerial meeting of the Asia and the Pacific group of countries, held by the International Labour Organisation as part of the ...
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