November, 2021

• 24 November

  ADJD hosts two auto auctions in November

  

  Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has organised two car auctions at Al Mafraq vehicle impound during November, where 274 cars of different types were sold at competitive prices ranging from AED2,000 to AED175,000. The two auctions recorded a great attendance with the participation of 850 bidders, with the first auction attracting 470 bidders and 380 ...

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• 24 November

  UAE, Burkina Faso discuss ways to boost bilateral ties

  

  OUAGADOUGOU / WAM Dr Fahad Obaid Mohammed Al Taffaq, UAE Ambassador to Nigeria and Non-Resident ambassador to Burkina Faso, has met with Burkina Faso’s ministers of Foreign Affairs and Economy, Finance and Development, several officials, and business people. He discussed relations between the two countries and ways to boost them. Al Taffaq met with Alpha Barry, Minister of Foreign Affairs, ...

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• 24 November

  DP World bags two awards

  Dubai / Emirates Business DP World, the leading smart trade enabler bagged The Terminal Operator of the Year and The Technology/Innovations awards at the eighth annual Maritime Standard Awards. Held on November 22, under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman Emirates Airline and Group, the award ceremony witnessed ...

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• 24 November

  DecoBuild 2021 opens at Dubai World Trade Centre

  

  Dubai / WAM The 5th edition of the decoration, design and building materials exhibition ‘DecoBuild 2021’ kicks off on Wednesday at the Dubai World Trade Centre and continue until November 27. The four-day event is organised by the Mohammed Bin Rashid Housing Establishment (MRHE) with the participation of more than 80 exhibitors from government institutions, private sector companies, as well ...

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• 24 November

  Samsung makes chips, its lobbyists do great deals!

  

  Lobbyists for Samsung Electronics Co pulled off a fabulous deal. Taylor, Texas won the right to host the South Korean giant’s latest semiconductor factory, Bloomberg News reported on Tuesday. Locations in Phoenix and Upstate New York also vied to host the new plant. Phoenix recently enjoyed its own economic victory, besting Oregon as the site of Taiwan Semiconductor Manufacturing Co’s ...

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• 24 November

  Black Friday deals not cutting it?

  

  To snag some of this year’s Black Friday deals, a car won’t do you much good — try an ocean liner. Plenty of would-be holiday gifts are still at sea, caught up in a mess of global shipping delays. But shoppers who can’t find what they’re looking for this week may have another savings event to look forward to. Call ...

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• 24 November

  Visa’s Amazon blues will shape digital cash debate

  After a long time, the balance of power in the world of money is shifting. Amazon.com Inc’s decision to stop accepting purchases made with Visa Inc’s UK-issued credit cards from next year shows that Big Tech is flexing its muscles against established financial networks. Some policy makers must already be thinking, “This is why we need sovereign digital cash — ...

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• 24 November

  Fed has risen too far above political control

  “Fundamentally,” President Biden said as he nominated Jerome Powell for another four years as the world’s most powerful central banker, “we need stability and independence at the Federal Reserve.” He’s probably right about that. The problem is that the need for stability — and for avoiding shocks for the markets, and for independence — cuts across the desire to exert ...

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• 24 November

  Paytm tumbles yet another 14% after first-day IPO flop

  

  Bloomberg Shares of India’s pioneering digital payments startup Paytm plummeted for a second day after its $2.5 billion initial public offering, marking one of the worst debuts ever by a major technology company. The stock fell about 14% after a 27% plunge in its debut Thursday, cutting its market value to about $12 billion. The drop has hit individual investors ...

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• 24 November

  BHP, Woodside approve $12b Australian gas plan

  

  Bloomberg BHP Group and Woodside Petroleum Ltd approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine their energy assets. BHP agreed in August to merge its oil and gas business with Woodside to create a top 10 global energy producer. The deal, which is expected create synergies of over ...

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