December, 2019

• 17 December

  Boeing’s 737 halt may cause temporary dent in US growth

  

  Bloomberg Boeing Co.’s production halt for the 737 Max is likely to be little more than a temporary headwind for the US economy — especially now that the expansion is on firmer footing compared with other times since the aircraft was grounded in early 2019. The company’s decision to temporarily suspend production starting next month comes as the world’s largest ...

  Read More »
• 17 December

  China to grant regular tariff waivers for US farm imports

  

  Bloomberg China will provide retaliatory tariff waivers to buyers of US farm products on a more regular basis after the countries reached a phase one trade deal, according to people familiar with the situation. Waivers had previously been given in tranches but they’ll now be handed out more frequently. The move will make it less punitive for Chinese firms to ...

  Read More »
• 17 December

  ADFD approves AED18.3mn for Liberia’s project

  Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), has earmarked a government grant worth AED18.3 million for a vital project that aims to enhance social services for the Liberian population. Located in the capital Monrovia, the grant will support the development of modern integrated sports and leisure infrastructure. The scope of the project includes the construction of ...

  Read More »
• 17 December

  UAE’s first astronaut Hazza highlights Hope Mission as next focus

  

  DUBAI / WAM Two months since making history as the first UAE astronaut to travel to space, Hazza Al Mansoori has now focused his attention on the UAE’s Hope Mission, set to reach the Red Planet on the country’s 50th anniversary, making it the ninth country to touch down on the planet. Al Mansoori is also working on the UAE’s ...

  Read More »
• 17 December

  FTA: 2.83m applications under tax refunds for tourists scheme

  

  ABU DHABI / WAM The electronic system for the Tax Refunds for Tourists Scheme exceeded all expectations in its first year, asserted Khalid Ali Al Bustani, Director-General of the Federal Tax Authority (FTA), revealing that the scheme has processed a total of 2.83 million applications since its launch in November 2018. The average daily number of applications the scheme processes ...

  Read More »
• 17 December

  UAE to mark UN Arabic Language Day

  Abu Dhabi / WAM The UAE will celebrate the annual UN Arabic Language Day on December 18, to mark the passing, in 1973, of a resolution to make the Arabic language an official language of the United Nations. In this report, the Emirates News Agency (WAM), highlights the UAE’s leading efforts and initiatives to preserve and protect the Arabic language ...

  Read More »
• 17 December

  Work on AED118m Jebel Hafeet School in Al Ain 58% complete

  

  ABU DHABI / WAM The Abu Dhabi General Services Company (Musanada), revealed that work on the Jebel Hafeet School project in Al Ain city is progressing according to the agreed construction plan at a total cost of approximately AED117.3 million, with the actual completion percentage currently at around 58 percent. Musanada stated that it is building the school on a ...

  Read More »
• 17 December

  India unrest to continue after Modi stokes religious tension

  

  Bloomberg Escalating protests against India’s new citizenship law have raised concerns that Prime Minister Narendra Modi has gone too far in appealing to his Hindu nationalist base, increasing the risk of communal bloodshed and threatening to undermine his plans to attract investment. Police stormed university campuses across India to quell week-long protests by students against a law that bars undocumented ...

  Read More »
• 17 December

  Pakistan’s ex-military dictator Musharraf given death penalty

  Bloomberg A Pakistani special court sentenced former military dictator and president Pervez Musharraf to death in absentia, ending a six-year long high treason case against him and delivering a historic verdict against the country’s powerful army. In a two-to-one majority, the three-member special court headed by judge Waqar Ahmad Seth announced the verdict, Musharraf’s spokesman Mohammad Amjad said by phone ...

  Read More »
• 17 December

  EU warns of Brexit cliff as British PM rules out longer transition period

  

  Bloomberg UK Prime Minister Boris Johnson’s plan to stick to a 2020 Brexit transition period revives the risk of the country’s ties to the European Union being severed disruptively, according to the bloc’s chief civil servant for trade policy. Sabine Weyand, director general for trade in the European Commission, the EU’s executive arm, cautioned that Johnson’s intention to prevent any ...

  Read More »