December, 2019

• 7 December

  Trump flays World Bank for loaning to China

  

  Bloomberg President Donald Trump added to the criticism of the World Bank’s plan for low-interest loans to China. “Why is the World Bank loaning money to China?” Trump said in a Twitter post. “Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!” His tweet came a day after Treasury Secretary Steven Mnuchin, ...

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• 7 December

  Oil rises as Saudi surprises markets with supply cut

  

  Bloomberg Oil in New York posted the biggest weekly gain since June after Saudi Arabia surprised the market with a significant supply cut beyond what was agreed to with fellow Opec+ members. WTI settled 1.3% higher after Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said the country would continue its voluntary cut of 400,000 barrels a day. That brings ...

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• 7 December

  Etisalat sets global milestone with fastest 5G SA network

  

  ABU DHABI / WAM In yet another global breakthrough in the 5G journey, Etisalat achieved over 3.1Gbps download throughput over its 5G Stand Alone (SA), network. In October this year, Etisalat successfully completed the first end-to-end 5G SA call in the UAE, becoming the first operator globally to achieve this milestone. The new throughput record is a result of a ...

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• 7 December

  VP exempts financially distressed citizens from paying housing loans

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has ordered the exemption of financially distressed citizens, whose monthly income is below AED15,000 and families of deceased citizens, from repaying the remainder of housing loans to the Sheikh Zayed Housing Programme. The order by His Highness ...

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• 7 December

  Agriscape to display AED10bn worth of agri-land, agri-assets

  Abu Dhabi / Emirates Business Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE, Minister of Presidential Affairs, and Chairman of Abu Dhabi Agriculture and Food Safety Authority (Adafsa), the third edition of Agriscape, the international exhibition dedicated to food security and agricultural investments abroad is set to kick off on ...

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• 7 December

  WEEGS 2019 to enhance capacities of women

  

  Sharjah / WAM Twenty-nine action and result-oriented workshops touching upon a diverse range of topics, and which seek to promote women’s economic participation and advancement across sectors, will be amongst the key highlights of the second edition of the Women’s Economic Empowerment Global Summit (WEEGS), to be held from December 10-11, at the Al Jawaher Reception and Convention Centre in Sharjah. ...

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• 7 December

  Finsa Middle East opens new regional office at DSO

  Dubai / WAM Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), an integrated free zone technology park, and Finsa, a Spanish industrial company, celebrated today the inauguration of Finsa Middle East’s new regional office at Dubai Digital Park in DSO. Dr Juma Al Matrooshi, Deputy CEO of DSOA, officially inaugurated the new office along with ...

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• 7 December

  Sharjah set to hold bargain furniture fair on Dec 11

  

  Sharjah / WAM With the onset of the festival season, residents looking for best quality furniture and furnishing materials can bank on an upcoming consumer fair in Sharjah. Showcasing the widest range of products from fast-moving high-volume items to high-end designs, at bargain deals, the inaugural home furnishing exhibition “Furniture 360” will bring together leading brands and stores in the ...

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• 7 December

  Trump, Moon agree dialogue with N Korea should continue

  

  Bloomberg US President Donald Trump and his South Korean counterpart Moon Jae-in said talks involving North Korea should continue, referring to the situation on the peninsula as grave. The two leaders spoke by phone for about 30 minutes on Saturday morning in Seoul, in a call that took place at Trump’s request, according to Moon’s spokeswoman Ko Min-jung. “The two ...

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• 7 December

  Rockets hit 2 Iraqi air bases where US forces stationed

  Bloomberg Rockets have been fired at two Iraqi air bases this week where American military forces are stationed, a US official said. The attacks, on the Al Asad base on Tuesday and Balad on Thursday were believed to be the work of militants with ties to Iran, according to the official, who was granted anonymity to discuss a sensitive matter. ...

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