February, 2016

• 18 February

  The one shock Russia dodged is finally set to catch up with Putin in 2016

  

  MOSCOW / Bloomberg After deflecting pressure in 2015 with salary reductions, part-time work and unpaid vacations, companies are increasingly opting to cut jobs as the economy enters its second year of contraction. As Russia’s biggest companies from carmaker AvtoVAZ to nuclear plant operator Rosenergoatom plan job cuts, Labor Minister Maxim Topilin predicts unemployment reaching the highest since 2013 by mid-year. ...

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• 18 February

  Hungary CB stockpiles ammo citing terror risk

  Bloomberg Hungary’s central bank, already facing criticism for a spending spree ranging from real estate to fine art, is now beefing up its security force, citing Europe’s migrant crisis and potential bomb threats among the reasons. The National Bank of Hungary bought 200,000 rounds of live ammunition and 112 handguns for its security company. Additional protection is needed due to ...

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• 18 February

  MoE urges stronger joint pan-Arab action

  

  Cairo / WAM Sultan bin Saeed Al Mansouri, Minister of Economy of the UAE, has called for stronger joint pan-Arab economic action to counter current challenges, eliminate obstacles to intra-Arab trade and investment and speed up innovation and creativity to achieve economic diversification, development and prosperity. The UAE takes great interest in the issues of joint Arab action as a ...

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• 18 February

  DWE signs pact with NMC

  

  DUBAI / WAM Dubai Women Establishment (DWE) and NMC Healthcare on Thursday signed a partnership agreement at the Government of Dubai Media Office. According to the agreement, NMC, the Platinum partner will support a pack of innovative health initiatives during the Global Women’s Forum Dubai 2016. Dr. Oz, Vice-Chair and Professor of Surgery at Columbia University and directs the Cardiovascular ...

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• 18 February

  DEWA receives ISO 10002:2014 certificate

  

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has received ISO 10002:2014 certification for providing guidance on the process for handling complaints about planning, design, operation, maintenance, and improvement of services. This accomplishment reflects DEWA’s commitment to employing the highest standards of availability, reliability and efficiency when providing customers with services that adhere to the highest standards of excellence. ...

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• 18 February

  GPSSA allows service periods less than year

  Abu Dhabi / WAM In a circular issued to employers in the public and private sectors, the General Pension and Social Security Authority (GPSSA) has underlined the necessity to register working UAE nationals in the pension programme and proceed with paying their due contributions starting from their joining date until the end of their service duration, even if this is ...

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• 18 February

  NATRANS Expo to start on October 25

  

  Abu Dhabi / WAM The UAE’s Federal Transport Authority-Land and Maritime and Fleming Events on Thursday held a press conference to announce the second NATRANS Expo, slated to be held from October 25-26 2016, at ADNEC under the patronage of Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Authority. NATRANS Expo is dedicated ...

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• 18 February

  TRA receives team from Government’s Media Office

  DUBAI / EMIRATES BUSINESS The Telecommunications Regulatory Authority (TRA) recently received a delegation from Dubai Media Incorporated and Dubai Government Media Office at its Dubai office in order to introduce them to the regulatory and organizing role of TRA and its contribution in creating a proper environment that supports the development of the UAE ICT sector. The meeting was attended by ...

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• 18 February

  3 Key events to be held in Sharjah

  

  Sharjah / Emirates Business Amid the prevailing downturn in the oil sector, the region’s plastics, mold-making, printing and packaging industries are on the lookout for new machinery and upgrades that will help them keep a tight rein on costs. The upcoming multi-industry trade event at Expo Centre Sharjah, which will concurrently host the 3rd Plastivision Arabia, 3rd Arabia Mold & ...

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• 18 February

  Axis Bank bonds remittance offering in Middle East

  

  ABU DHABI / WAM Axis Bank, the third largest private sector bank in India, on Thursday announced its ambitious plans to further strengthen its Remittance offering in the GCC region. “The Bank continues to expand its Partner network across the GCC region with specific focus on getting into more arrangements with Correspondent Banks while continuing to actively manage our large ...

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