December, 2021

• 6 December

  UAE, Kurdistan explore boosting ties

  

  ERBIL / WAM Ahmed Al Dhaheri, UAE Consul-General to the Kurdistan Region of Iraq, and Kwestan Mohamad Abdulla Maarouf, Minister of Labour and Social Affairs of Kurdistan, discussed several issues of common interest and coordination regarding social projects implemented by the UAE in Kurdistan. Maarouf extended her appreciation to the UAE, its leadership, its charitable institutions (Emirates Red Crescent and ...

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• 6 December

  Adnic extends its partnership with Al Bayt Mitwahid

  

  Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has extended its partnership with Al Bayt Mitwahid Association for a year. A non-profit organisation dedicated to celebrating unity and promoting a culture of giving, Al Bayt Mitwahid provides an open platform for UAE communities to take part ...

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• 6 December

  Dafza, Torino Chamber of Commerce sign deal

  Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) is bolstering its efforts to attract direct foreign investments in Dubai and support foreign companies in establishing business in the emirate, by signing a memorandum of understanding (MoU) with the Torino Chamber of Commerce. The agreement will help attract Italian companies launch operations in the free zone. The signing came during ...

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• 6 December

  NBF launches two innovative banking products for SMEs

  

  Fujairah / Emirates Business National Bank of Fujairah (NBF) PJSC announced on Sunday the launch of the “Ahlan” SME account and “OneStop” business account, two exclusive banking products that provide businesses with access to unique features including hassle-free digital banking anytime, anywhere. Through these offerings, NBF expands its award-winning banking services and expertise across various sectors to meet retail businesses ...

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• 6 December

  After calling China’s crackdown, Strategic Vision goes big on solar

  

  Bloomberg One of the few funds to predict Beijing’s clampdown on education companies is doubling down on its bets on China’s solar companies. Ken Xu, Hong Kong-based chief investment officer at Strategic Vision Investment Ltd, withdrew from tutoring stocks in March after noting that state-backed media outlets and policy makers were echoing angst among parents about the societal impact of ...

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• 6 December

  How China’s car batteries conquered whole world

  

  When General Motors Co’s $27 billion EV program went up in flames in August, it also singed EV enthusiasts’ high hopes for a new generation of long-lasting batteries that could take cars farther while keeping costs low. The storied American car company was forced to recall the 140,000 electric Chevy Bolts made since 2017. Turns out that the car’s expensive ...

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• 6 December

  3M is adrift & there’s no easy solution

  

  What is going on at 3M Co? Shares of the maker of Post-it notes, automotive parts and Nexcare bandages have slumped about 25% since Michael Roman was named chief executive officer in March 2018. That ranks 3M among the top-10 worst performing S&P 500 industrial stocks over that period. To put that in perspective, consider that five of the other ...

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• 6 December

  Yes, you can still hide bank accounts offshore

  The US government has worked hard over the past decade to stop Americans from hiding bank accounts offshore to evade taxes. But not hard enough. It has become more difficult to maintain secret accounts, but it’s still happening, as recent examples show. People who have dual citizenship, minimal connections to the US and a willing accomplice at a bank have ...

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• 6 December

  Glencore gets dirty gift from Anglo American

  July Ndlovu, the boss of Anglo American Plc coal spin-off Thungela Resources Ltd, did his rival Glencore Plc a big favour earlier this year. When Thungela began trading as a separate company in June, Ndlovu told Bloomberg he wanted to increase output of the fossil fuel: “I didn’t take up this role to close these mines.” Glencore is the last ...

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• 6 December

  India’s Jet Airways in talks with Boeing, Airbus for $12b order

  

  Bloomberg The new owners of once-bankrupt Jet Airways India Ltd are in talks with Boeing Co and Airbus SE to purchase at least 100 narrowbody jets for the carrier’s fleet in a bid to revive what used to be the biggest private airline in the South Asian nation before it collapsed under a pile of debt. The winning bidders for ...

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