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Sharjah airport passenger traffic up 6.55%

Sharjah / WAM In the third quarter of this year, Sharjah Airport received 3.32 million passengers, an increase of 6.55 percent over the same period last year when 3.118 million passengers used the airport. The airport handled 22,210 regular and irregular flights, an increase of 5.64 percent over the same period last year when there were 21,026 flights, and the ...

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Abu Dhabi Diplomacy Conference launches next week

Abu Dhabi / WAM The Emirates Diplomatic Academy (EDA), on Wednesday announced at a press conference that it will host the inaugural edition of the Abu Dhabi Diplomacy Conference that is set to provide a premier interdisciplinary platform to discuss the latest innovations, trends and challenges in the field of diplomatic practice. Held under the patronage of HH Sheikh Abdullah ...

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Oil set for longest losing run since 2014 as supply fears ease

Bloomberg Crude’s poised for the longest losing streak since 2014 as concerns of a supply crunch eased on a forecast for rising US production and waivers for eight countries allowing temporary import of Iranian oil. Futures in New York fell as much as 0.9 percent and headed for an 8.5 percent drop in eight straight sessions. The US government forecast ...

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‘China’s solar bailout won’t counter global glut’

Bloomberg China’s proposal to increase its solar energy target to as much as 270 gigawatts by 2020 won’t be enough to erase the worldwide panel glut that’s crippling prices, according to analysts at Credit Suisse Group AG. “We forecast that the country needs a 300-350GW by 2020 target to fully absorb new manufacturing capacity planned in the near term,” analysts ...

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South Sudan oil outlook hinges on peace deal

Bloomberg South Sudan’s optimism about restoring oil output to 350,000 barrels a day depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd. Crude production fell by about two-thirds to 130,000 barrels per day as blocks were shut-in during a conflict that erupted in late 2013, after a dispute between President Salva ...

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Australia to nix CK’s $9.4 billion pipeline bid

Bloomberg CK Group’s A$13 billion ($9.4 billion) bid for gas pipeline operator APA Group was knocked back by Australia’s government on national security concerns, a decision that has the potential to further inflame diplomatic tensions with China. “I have advised the consortium led by CK Asset Holdings Ltd. of my preliminary view that its proposed acquisition of APA Group would ...

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Donald Trump restrained as Democrats win US House

Bloomberg Donald Trump, who spent the past two years wielding the powers of the presidency unbound by party or political convention, is now constrained. The Democratic takeover of the House of Representatives cripples his conservative agenda and opens the way for unfettered investigations into his scandal-plagued administration, his presidential campaign and his family’s business empire. His personal tax returns may ...

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Italy populists call confidence vote as allies’ rift deepens

Bloomberg Italy’s populist government called a vote of confidence in parliament, as proposals to curb immigration and corruption fueled tensions between the coalition’s allies. Deputy Premier Matteo Salvini of the anti-migration League is pushing for restrictions on the rights of asylum-seekers, while several senators of the anti-establishment Five Star Movement are against the measures. The vote of confidence in the ...

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US abruptly postpones North Korea talks

Bloomberg Meetings between US Secretary of State Michael Pompeo and North Korean officials planned for later this week have been postponed, in a new sign of tension as the regime seeks sanctions relief before taking key disarmament steps. US State Department Spokeswoman Heather Nauert said in a statement that meetings with North Korean official Kim Yong Chol scheduled for Thursday ...

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