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Sheikh Hamdan leads volunteers in clean up drive

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has called on UAE residents to adopt activities and programmes that preserve environmental resources, with the aim of guaranteeing that they can both sufficiently support the country’s needs, and adequately offer future generations a high quality of ...

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Region’s largest audiovisual event opens

Dubai / WAM Director General of the Government of Dubai Media Office (GDMO) Mona Ghanem Al Marri on Tuesday inaugurated the 7th InfoComm Middle East and Africa, the region’s largest professional audiovisual event, being held at the Dubai World Trade Centre (DWTC). InfoComm MEA, which is being held under the theme of “See the Future of Networked Communications,” is set ...

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UAE chairs WRC-2019 preparatory workshop

Geneva / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA), chaired the preparatory workshop for the World Radiocommunication Conference (WRC-2019), held at the International Telecommunication Union (ITU), headquarters in Geneva, Switzerland. The workshop was attended by more than 300 delegates from the 193 member states of the ITU, in addition to representatives of international and regional organisations, manufacturers ...

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Phase one of AED21bn Royal Pearls makes steady progress

Dubai / Emirates Business Offering smart, networked and ultra-modern living spaces in a pristine, upscale location within easy reach of key urban hotspots and centrally located in a serene residential setting, Royal Pearls, the prestige new development from Oriental Pearls Real Estate Developers, is a chance at a unique lifestyle experience. Construction on the inimitable project valued at AED 21 ...

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DP World chairman, Ecuador’s trade minister discuss ties

DUBAI / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, met Ecuador’s Minister of Foreign Trade, Pablo Campana, at the global trade enabler’s flagship Jebel Ali Port and Free Zone in Dubai. The visit follows the ground-breaking ceremony held in September this year to mark the start of DP World’s construction of a greenfield multi-purpose port project ...

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Tech shares in US rebound as metals fall with euro

Bloomberg US technology shares rebounded on speculation the recent selloff went too far, while the dollar rose and industrial metals dropped. The Nasdaq Composite Index climbed as chipmakers and software companies paced gains. The S&P 500 was little changed as investors weighed the latest developments in efforts to overhaul taxes in the world’s largest economy, including the surprise inclusion of ...

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Pound slides amid Brexit-talks conundrum

Bloomberg The pound headed for its biggest decline in three weeks against the dollar after Ireland said it may not agree to alter a proposed border deal with the UK that reportedly stalled Brexit talks on Monday. Government bonds gained. Sterling weakened versus all of its 16 major peers after Britain and the European Union said that they hadn’t made ...

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Gulf falls back after negative news on Yemen, Qatar

Reuters Gulf stock markets fell back on Tuesday after geopolitical news from Yemen and Qatar that has heavily influenced the bourses for weeks turned negative. Meanwhile, it became clear that the rulers of Qatar and Kuwait were the only two heads of state set to attend an annual summit of Gulf Cooperation Council nations in Kuwait this week. The United ...

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Statoil gives nod for $6bn Norway Arctic oil project

Bloomberg Statoil ASA gave the final go-ahead to a flagship Arctic oil project after slashing costs by half. While expected, the move by Norway’s biggest oil company is a boost to a region seen as key to arresting a decline in the country’s production. In a striking illustration of how oil companies have adapted to lower prices, Statoil cut estimated ...

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Petronas unit agrees share swap with Shell’s Africa operator

Bloomberg Petroliam Nasional Bhd’s South African unit, Engen, and Vivo Energy Holding BV agreed to a deal worth as much as 3.5 billion rand ($256 million) to combine some of their African fuel-retail assets, according to people familiar with the matter. The deal represents about 20 percent of Engen’s equity value, said the people, who asked not to be identified. ...

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