February, 2020

• 1 February

  Trump’s Mideast plan unlikely to achieve peace: Arab League

  

  Bloomberg The Arab League should adopt a united stance towards US President Donald Trump’s Mideast plan, which is unlikely to achieve peace and stability for Palestine and Israel, its Secretary General Ahmed Aboul Gheit said. “Today’s meeting is a message that the Palestinians are not alone,” Gheit said on Saturday at the start of an emergency meeting of Arab foreign ...

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• 1 February

  India plans record $109b bond sale to spur growth

  

  Bloomberg Indian Prime Minister Narendra Modi’s government plans to sell an unprecedented amount of bonds for a second straight year as a slowing economy forces it to sacrifice fiscal discipline. The administration plans to borrow 7.8 trillion rupees ($109 billion) in the year starting from April 1, Finance Minister Nirmala Sitharaman said in her budget speech on Saturday. That’s in ...

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• 1 February

  China pledges financial stability with markets bracing for selloff

  

  Bloomberg Chinese regulators unveiled a slew of measures to ensure stability of its $45 trillion financial system as the nation stepped up the fight against the spreading virus. The China Banking and Insurance Regulatory Commission will “suitably extend grace period” for firms that have difficulty meeting end-2020 deadline to comply with new asset management rules, CBIRC vice chairman Cao Yu ...

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• 1 February

  Strata delivers first Pilatus PC-24 flap track fairings shipset

  

  ABU DHABI / WAM Strata Manufacturing, Strata, the advanced composite aero structures manufacturing facility wholly-owned by Mubadala Investment Company PJSC, is celebrating the delivery of its first shipset of Flap Track Fairings for the PC-24, the twin-engine Super Versatile Jet produced by Pilatus Aircraft Ltd of Switzerland. The delivery of the first shipset of Flap Track Fairings comes within eight ...

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• 1 February

  DP World, China firm to explore setting up logistics hub in Dubai

  

  DUBAI / Emirates Business Leading trade enabler, DP World, UAE Region and Zhejiang Zhidi Holding Ltd. (ZZH or Zhidi Company) of China will jointly explore the establishment of a sophisticated next-generation logistics hub to meet the rising demand for conventional and e-commerce services in Dubai. The memorandum of understanding (MoU) signed between the two sides states that the intent is ...

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• 1 February

  SICFAB to kick off with 130 experts on Monday

  SHARJAH / WAM Organised by the Environment and Protected Areas Authority (EPAA), the 21st Sharjah International Conservation Forum for Arabian Biodiversity (SICFAB), will begin February 3 – at Desert Park in Sharjah. The four-day forum, which will be held until February 6, will include discussions of several important issues related to biodiversity such as marine and coastal management of species ...

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• 1 February

  Dubai Tourism-DLD sign strategic deal

  

  DUBAI / Emirates Business Dubai Corporation for Tourism and Commerce Marketing (DCTCM), part of Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism), signed a memorandum of understanding (MoU) with the Promotion and Real Estate Investment Management Sector of Dubai Land Department (DLD), as part of a strategic alliance for enhancing cooperation and mutual facilitation of their business ecosystems. Under ...

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• 1 February

  Bridges to Deira Islands to be complete in June: RTA

  

  DUBAI / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) announced that the construction progress on the bridges leading to the entrance of Deira Islands has reached 75 percent. Works cover the construction of three bridges of six lanes in each direction linked with the bridge crossing over ...

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• 1 February

  Khalifa Fund hosts Tawasul Forum for 2020 in Abu Dhabi

  

  ABU DHABI / Emirates Business Khalifa Fund for Enterprise Development (KFED) organised the first edition of the Tawasul Forum in 2020 in Abu Dhabi. The Forum was attended by a variety of Emirati entrepreneurs, who are both members and applicants of the Fund, alongside government entities and strategic partners. The Forum was launched by Khalifa Fund to enhance commercial ties ...

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• 1 February

  Seha exhibits advances in stem cell research

  

  ABU DHABI / Emirates Business Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, welcomed medical experts to a Grand Rounds Event titled ‘Use of Stem Cells in the Treatment of Spinal Cord Injury’ with Dr. Mohamad Bydon, MD, Neurosurgeon and Professor of Neurologie Surgery, Orthopedic Surgery, and Health Services Research. The one-hour session was hosted at Sheikh ...

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