November, 2019

• 27 November

  Thanksgiving grocery basket costs less this year

  Bloomberg For the least expensive Thanksgiving meal, head to discount grocery chain Aldi. That’s the conclusion of a report that measures the price tag on a basket of 20 common Thanksgiving items, including a 12-pound turkey, potatoes, green beans and corn, at 15 retailers in New Jersey. The average cost for a Thanksgiving dinner has dropped about 2.3% from last ...

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• 27 November

  Best Buy surges as retailer boosts forecast on sales gains

  

  Bloomberg Best Buy Co entered the holiday shopping season on a positive note after posting quarterly sales that topped estimates and raising its full-year-outlook, sending the shares higher. Fuelled by demand for appliances, headphones, tablets and services like tech support, comparable-store sales in the US rose 2%, easily beating analysts’ projections. The Minneapolis-based consumer-electronics retailer also boosted its forecast for ...

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• 26 November

  Mohamed orders AED6.6bn in housing packages for Emiratis

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, ordered AED6.6 billion in housing packages – including loans, houses and land – to be granted to over 5,000 Emiratis within Abu Dhabi. In implementation of the ...

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• 26 November

  UAE leads region in value of awarded contracts for 2019

  

  Dubai / WAM Expo 2020 Dubai and government-led infrastructure projects were the key factors driving the growth of Dubai’s construction sector in 2018 and 2019, and this trend is expected to continue over the next two years, according to new analysis released by the Dubai Chamber of Commerce and Industry at a briefing organised for delegates attending the Big 5 ...

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• 26 November

  ‘UAE Jobs Bank’ initiative to prioritise Emiratisation

  

  ABU DHABI / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, launched the “UAE Jobs Bank”, as part of the implementation of cabinet’s resolution that oblige all govern- -ment entities and private sector to prioritise the employment of UAE nationals in 160 targeted professions to support Emiratisation portfolio. The launch was announced ...

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• 26 November

  UAE wins membership of OPCW’s executive board

  ABU DHABI / WAM The UAE won membership of the Executive Board of the Organisation for the Prohibition of Chemical Weapons (OPCW), for the 2020-2022 period, thus becoming the representative of the Organisation ‘s Asian member states. This is the first time that the UAE has become a member of the OPCW Executive Board since its joining date on December ...

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• 26 November

  Abu Dhabi International Airport to become global air cargo hub

  

  ABU DHABI / WAM Abu Dhabi Airports and Etihad Cargo, the cargo and logistics services arm of the Etihad Aviation Group, announced a major project to enhance the Abu Dhabi International Airport into a state-of-the-art global air cargo centre of excellence. Abu Dhabi Airports and Etihad Cargo will implement a multi-phased cargo infrastructure development strategy, starting with the imminent upgrade ...

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• 26 November

  UAE, Sudan to strengthen investment ties

  ABU DHABI / WAM The prospects for accelerating cooperation between the UAE and Sudan at energy and industrial levels were reviewed by Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, at his meetings with Chairman of the Sovereignty Council of Sudan, General Abdel Fattah Al-Burhan, and Prime Minister Dr. Abdalla Hamdok in Khartoum. This came as ...

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• 26 November

  Oil steadies on signs of US, China trade talks progress

  

  Bloomberg Oil rose on signs of progress in trade talks between the US and China, and estimates that American crude inventories retreated for the first time in five weeks. Futures gained 0.6% to trade above $58 a barrel in New York. Washington and Beijing “reached consensus on properly resolving relevant issues” to pursue a “phase one” trade deal during a ...

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• 26 November

  DIFC to host flagship ‘future of finance’ conference in Dubai

  

  Dubai / Emirates Business Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region and global number eight international financial centre, has announced that it will host the region’s leading finance conference at the Dubai Exhibition Centre during Expo 2020 Dubai, taking place in Dubai between October 20, 2020 and ...

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