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May losing Brexit control despite gamble on backstop

Bloomberg Theresa May faces losing control of Brexit to Parliament on Tuesday in a series of crucial votes that will shape Britain’s split from the European Union. Despite a last minute gamble aimed at buying off rebels in her Conservative Party, the prime minister was expected to face a knife-edge battle to block a proposal that would hand Parliament the ...

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UAE, Saudi to launch common digital currency called ‘Aber’

Abu Dhabi / WAM The United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (Sama) on Tuesday announced in a joint statement the launch of the common digital currency project ‘Aber’, which will be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies. This comes under the framework of ‘Proof-of-Concept’, which can ...

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UAE files WTO case against Qatar over goods ban

Abu Dhabi / WAM The Government of the United Arab Emirates announced on Tuesday that it initiated World Trade Organisation (WTO), dispute-settlement proceedings against Qatar following its ban of the sale of UAE products in Qatari markets. The move comes following the Qatari Ministry of Economy’s ban on the sale of consumer goods manufactured in the UAE, Saudi Arabia, Bahrain and ...

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