January, 2020

• 13 January

  Foundation laid for Mena’s first automotive facility

  

  DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Silicon Oasis Authority, (DSOA) on Monday laid the foundation stone for the W Motors Automotive Facility at the Dubai Silicon Oasis, UAE, the first manufacturing facility of its kind in the Middle East, with an investment of AED370 million. The groundbreaking event was also attended by ...

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• 13 January

  Dubai Ruler enacts amendments to DIFC employment law

  DUBAI / WAM Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA), region, on Monday announces that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in his capacity as the Ruler of Dubai, has enacted the Employment Law Amendment Law No. 04 ...

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• 13 January

  Mohamed honours winners of Zayed Sustainability Prize

  

  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, presented awards to the 10 winners of the Zayed Sustainability Prize with the participation of a number of world leaders, at the Prize’s annual awards ceremony on Monday, coinciding with the start of Abu ...

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• 13 January

  Adnoc unveils comprehensive sustainability goals for 2030

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC), announced on Monday a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship. The announcement was made by Dr Sultan Al Jaber, Minister of State and Adnoc Group CEO, while speaking at the opening ceremony of ...

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• 13 January

  UAE to invest $22.8 billion in Indonesia infra projects

  

  Bloomberg The United Arab Emirates will invest $22.8 billion in Indonesia through a sovereign wealth fund being set up by President Joko Widodo as the Southeast Asian nation seeks to finance billions of dollars of infrastructure and energy projects. The UAE plans to invest in building Indonesia’s new capital and also develop properties in Aceh province, the cabinet secretariat said ...

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• 13 January

  Mena’s first automotive facility comes up in Dubai

  DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Silicon Oasis Authority (DSOA), on Monday laid the foundation stone for the W Motors Automotive Facility at the Dubai Silicon Oasis, the first manufacturing facility of its kind in the Middle East, with an investment of AED370 million. The groundbreaking event was also attended by ...

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• 13 January

  Abu Dhabi’s automotive trade up 5% in 10 months

  

  Abu Dhabi / WAM The automotive trade index in Abu Dhabi has maintained its positive momentum achieving 5 percent growth during the first ten months of 2019, compared to the same period in 2018. According to statistics in a report issued by the Statistics Centre-Abu Dhabi, local car sales jumped in value to AED28.66 billion from January to the end ...

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• 13 January

  India’s retail inflation surges to five-year high

  

  Bloomberg India’s consumer price inflation hit a more than five-year high, boosting the case for the central bank to keep interest rates on hold for longer and possibly putting at risk its accommodative stance. Data on Monday showed inflation breached the upper end of the Reserve Bank of India’s (RBI) 2%-6% target band as it accelerated to 7.35% in December ...

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• 13 January

  Saudi Arabia says Opec+ focus on oil cuts undeterred by unrest

  

  Bloomberg Saudi Arabia’s energy minister said that Opec and its allies remain focused on using production cuts to reduce oil inventories to normal levels, undeterred by the flare up of political tensions in the Middle East. Oil prices have erased all of this year’s rally, which saw Brent crude surge to a three-month high of almost $72 a barrel. Opec ...

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• 13 January

  Group 42 announces acquisition of Bayanat

  ABU DHABI / WAM Group 42, an Abu Dhabi-based artificial intelligence and cloud computing company, announced on Monday that it has acquired Bayanat for Mapping and Surveying Services LLC, an end-to-end and customised geospatial data products and services provider. Bayanat has been a leader in the geospatial domain since its launch in 2010, delivering various geospatial solutions and services, providing ...

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