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ECB rate hikes must wait amid memories of 2011, 2013: Rehn

Bloomberg European Central Bank (ECB) officials must bear in mind their previous premature interest-rate hikes and the market turmoil around the US Federal Reserve’s tapering of bond purchases when they eventually start to tighten monetary policy, Bank of Finland Governor Olli Rehn warned. “The core inflation rate remains low and clearly below the ECB’s price-stability target,” Rehn wrote in a ...

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Expo 2020 Dubai encapsulates desire for optimism in region

Matera (Italy) / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said that the significance of the UAE’s hosting of Expo 2020 Dubai is in that it is the first event of its kind, “not only in the Middle East or the Arab world, but the first in Africa and South Asia ...

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UAE participates in Arado conference

MARRAKESH / WAM The UAE Government participated in the 19th Annual Conference of the Arab Organisation for Administrative Development (Arado), in Marrakesh, Morocco. This year’s conference theme was entitled, ‘Requirements for Smart Infrastructure Localisation in Arab Countries to Achieve the 2030 Agenda for Sustainable Development. The conference, held under the patronage of King Mohammed VI of Morocco, discussed the future ...

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