January, 2020

• 28 January

  Burj Al Arab crowned best hotel in world

  DUBAI / WAM Burj Al Arab has been recognised as the ‘Best Hotel in the World’ as well as the ‘Best Hotel in the Middle East’ at the prestigious ‘Ultimate Luxury Travel Related Awards’, ULTRAs, for the second year in a row. Jumeirah Group, a global hotel company and a member of Dubai Holding, has announced that its iconic flagship ...

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• 28 January

  UAE has prioritised relations with African nations: Mohamed

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, stated that the UAE has prioritised its relations with African countries based on mutual respect and common interests, to achieve the aspirations of their peoples for development, progress and prosperity. The UAE has made ...

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• 28 January

  Over 78% of central bank’s senior positions held by UAE citizens

  Abu Dhabi / WAM In an effort to reinforce the commitment of the Central Bank of the UAE (CBUAE), to achieving the national agenda of Emiratisation and increasing the Emirati workforce, the bank is taking a leading role in Tawdheef, by aiming to recruit 50 UAE nationals by the end of 2020. As a central pillar of reference to the ...

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• 28 January

  RTA says two Dubai streets swap names

  Dubai / WAM Two streets in Dubai — Happiness Street and Al Mustaqbal Street — have had their names swapped. The Roads and Transport Authority (RTA), announced in a press statement on Tuesday that the renaming follows the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of the UAE and Ruler of Dubai. Happiness ...

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• 28 January

  Global Investment in Aviation Summit off to a flying start

  

  Dubai / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), opened the second edition of the Global Investment in Aviation Summit (GIAS 2020), at Madinat Jumeirah, Dubai, which is offering a platform for stakeholders to share insights, experiences and expertise. Organised by the GCAA under the theme, “Enabling global ...

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• 28 January

  UAE keen to strengthen bilateral ties with Tunisia, says Abdullah

  

  TUNISIA / WAM Kais Saied, President of Tunisia, received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. At the start of the meeting, Sheikh Abdullah conveyed, to President Saied, the greetings of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

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• 28 January

  Americans will inherit $764b this year, mostly tax-free

  

  Bloomberg One way the rich get richer is through inheritance, and they’re barely paying taxes on it. Americans are projected to inherit $764 billion this year and will pay an average tax of just 2.1% on that income, New York University law professor Lily Batchelder estimates in a paper published on Tuesday by the Brookings Institution. By contrast, the estimated ...

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• 28 January

  GM’s Detroit-Hamtramck plant going all-electric starting 2021

  

  Bloomberg General Motors Co affirmed plans to build electric pickups and SUVs at its Detroit-Hamtramck plant and scheduled the start of production for late next year. Output of electric Cruise Origin driverless vehicles will follow soon after the initial pickups roll off the line, GM said in a statement . The automaker committed to investing $2.2 billion in the factory ...

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• 28 January

  Germany sees economy growing 1.1% this year

  Bloomberg Germany’s government sees economic growth of 1.1% this year, up from a previous projection of 1%, according to a person with direct knowledge of the matter. Europe’s largest economy expanded 0.6% in 2019, its slowest growth in six years, amid global trade tensions that weighed on its export-heavy economy. The government’s first major assessment of the economic situation this ...

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• 28 January

  iPod inventor Tony Fadell backs battery startup

  Bloomberg iPod pioneer Tony Fadell is backing a battery company that says it’s found a way to store more energy using silicon scrap waste. Fadell’s investment firm, Future Shape, is among the contributors to Advano’s $18.5 million Series A funding round. It’s Fadell’s first battery investment. Silicon could be key to building more powerful batteries. The anodes of most existing ...

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