December, 2019

• 28 December

  China launches Long March 5 rocket as space race heats up

  

  Bloomberg China launched a Long March 5 rocket from the island province of Hainan, a key step in its ambitions to reach Mars and cement its place as a major power in space exploration. The country’s largest carrier rocket, with a diameter of 5 meters (16 feet), blasted off from Wenchang Satellite Launch Center at 8:45 pm local time and ...

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• 28 December

  Boeing’s key 737 Max adviser to retire

  Bloomberg Boeing Co. said another high-ranking executive working on the company’s response to the 737 Max crisis will step down. Michael Luttig, 65, will retire at year-end, Boeing said in a statement, three days after the planemaker announced the departure of Dennis Muilenburg as chief executive officer. Luttig, the company’s former general counsel, was reassigned in May to advise Muilenburg ...

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• 25 December

  Sheikh Mohammed approves consumer protection law

  

  Abu Dhabi / WAM The UAE Cabinet chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the issuing of a Federal Law on Consumer Protection which comes in light of the government endeavours to achieve the continuous development of the legislation that affects the lives of ...

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• 25 December

  Oil tops $61 on expected decline in US inventories

  

  Bloomberg Oil settled above $61 a barrel amid light volume as US President Donald Trump said a preliminary trade deal with China is “done” and ahead of government data expected to show another crude stockpile decline. Futures rose 1% in New York to close at a three-day high. Trump suggested that the US and China will sign a trade agreement ...

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• 25 December

  Importance of Etihad Rail project highlighted

  

  Fujairah / WAM HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, highlighted the importance of the Etihad Rail Project to enhancing the UAE’s position in the road transport sector, as well as of linking the regions and ports around the country through a modern road network, in line with the latest international practices. He ...

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• 25 December

  China’s imports of US soy hit two-year high

  

  Bloomberg China’s imports of US soybeans rose to the highest in 20 months in November after more American cargoes cleared customs ahead of the signing of a partial trade deal in January. China’s inbound shipments from the US surged to 2.6 million tons, the highest since March 2018, and up from about 1.1 million tons in October. China imported almost ...

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• 25 December

  Abu Dhabi government, Aldar agree on land assets exchange

  

  ABU DHABI / WAM The Government of Abu Dhabi and Aldar Properties have agreed on an exchange of land assets in a transaction that will see the redistribution of land resources suitable for development in accordance with both the Abu Dhabi Government and Aldar’s respective strategic priorities. The agreement, implemented by the Abu Dhabi Department of Municipalities and Transport, contributes ...

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• 25 December

  IMO 2020 set to boost Fujairah’s bunker industry

  

  Fujairah / WAM A century after the shipping industry moved from coal to oil as its primary energy source, another change on the same scale is now under way – one prompted this time by a change in environmental regulations. The shift could provide a significant boost to the status of the UAE’s East Coast Port of Fujairah as a ...

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• 25 December

  500 Uzbek employees take part in UAE workshops

  

  Dubai / WAM The UAE government organised several knowledge sessions and specialist workshops, attended by over 500 government employees from Uzbekistan. The hosting of the sessions is part of the strategic partnership in government modernisation signed by the two countries. The UAE government held workshops and knowledge sessions in Dubai and the Uzbek capital, Tashkent, which included training a high-level ...

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• 25 December

  CBUAE, Emirates Foundation to raise financial awareness

  

  Abu Dhabi / WAM The Central Bank of the UAE (CBUAE), signed a Memorandum of Understanding (MoU), with Emirates Foundation to roll out financial literacy programmes through Emirates Foundation’s ‘Esref Sah’ programme, which aims to raise financial awareness among youth and educate them on ways of managing their finances. The MoU was signed by Saif Hadef AlShamsi, Deputy Governor of CBUAE, ...

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