November, 2019

• 24 November

  Lane says ECB policies are ‘in good shape’

  

  Bloomberg The European Central Bank’s (ECB) chief economist Philip Lane said policies are “in good shape” for the baseline scenario of improving conditions over the next one or two years, but further rate cuts can’t be ruled out. “Under the most likely scenario, we think the current policies are in good shape,” he said in an interview broadcast on Italy’s ...

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• 24 November

  Ex-JPMorgan banker convicted by US court

  

  Bloomberg A former JPMorgan Chase & Co banker was convicted of conspiring with traders at other banks to rig bids and fix prices in currency markets — a victory for prosecutors in their campaign against collusion in foreign exchange. Akshay Aiyer was found guilty by a federal jury in New York that took less than four hours to reach a ...

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• 24 November

  Swiss rate cut can’t be ruled out: SNB economist

  Bloomberg The Swiss National Bank (SNB) has additional room to cut its already negative interest rate, the central bank’s Chief Economist Carlos Lenz told Swiss Sunday newspaper NZZ am Sonntag in an interview. “It’s not ruled out, but they cannot fall indefinitely,” Lenz said when asked if interest rates could decline further. “What’s crucial: cash has an interest rate of ...

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• 24 November

  Trump’s Fed pick cast doubt on central bank independence

  

  Bloomberg Judy Shelton, one of President Donald Trump’s most recent picks for the Federal Reserve board, challenged an article of faith regarding the US central bank in private comments to a bank executive last month: that it should operate free of political influence. Shelton shared her views on monetary policy and the Fed with Beat Siegenthaler, global macro adviser for ...

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• 24 November

  Etihad first foreign airline to land at new Jeddah terminal

  

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, received a special reception — welcomed by a traditional water cannon salute — at Jeddah’s new Terminal 1. The inaugural flight was operated on Etihad’s Dreamliner with the distinctive Kingdom of Saudi Arabia livery. The reception was followed by a ribbon cutting ceremony and was attended by ...

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• 24 November

  Ajman Pay’s digital wallet to be linked with UAE Pass

  Ajman / WAM The Ajman Department of Finance announced on Sunday that the digital wallet of Ajman Pay is the first to connect with the UAE Pass, the national digital identity and digital signature solution in the country. The UAE Pass enables users to identify themselves to government service providers in all emirates through a smartphone-based authentication with a high level ...

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• 24 November

  1500 school teachers to get moral education training across UAE

  

  Abu Dhabi / WAM The Education Affairs Office at the Crown Prince Court in Abu Dhabi launched a training programme for teachers, to enhance educational performance across the UAE, in line with the objectives of the Moral Education Curriculum, which was launched in 2016, under the guidance of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu ...

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• 24 November

  Dafza, Bank of China officials discuss future collaboration

  

  Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza), represented by Director General, Dr Mohammed Al Zarooni, and a number of officials welcomed a delegation from the Bank of China, led by Executive Director of the Board Lin Jingzhen and senior delegates. The meeting took place at Dafza Square Business Center to discuss future collaboration and business prospects. During the ...

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• 24 November

  VP receives credentials of new ambassadors to UAE

  

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received on Sunday the credentials of new ambassadors from brotherly and friendly countries to the UAE, at the Qasr Al Watan Palace. Also present were HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime ...

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• 24 November

  Mohamed, Montenegro president discuss ways to boost bilateral ties

  

  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, on Sunday held an official meeting with Milo Dukanovic, President of Montenegro. The meeting dealt with overall bilateral relations between the UAE and Montenegro and the means of developing them, as well as the situation ...

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