November, 2019

• 19 November

  Vietnam central bank cuts deposit rate cap

  

  Bloomberg The State Bank of Vietnam, in its latest easing move, cut its interest-rate cap for dong deposits and ordered lenders to lower interest rates to support key business sectors. The limit on interest rates was cut to 5% from 5.5% for dong deposits with maturities of one month to less than 6 months, the central bank said in a ...

  Read More »
• 19 November

  British pound may soar or crash post polls: HSBC

  

  Bloomberg “Nothing is priced in,” said David Bloom, global head of foreign-exchange strategy at HSBC Holdings Plc, in an interview with Bloomberg Television. “The political outcome will determine the future of the currency.” An election result that paves the way to a UK-European Union deal on Brexit could send the pound up to $1.45 by the end of next year. ...

  Read More »
• 19 November

  IMF chief hails Germany’s climate, fiscal plans

  

  Bloomberg The German government should be applauded for its plans for fiscal stimulus and climate, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. “I want to say we have to give credit to the German authorities,” Georgieva, who took on the role last month, said in a Bloomberg TV interview, pointing to fiscal support contained in next year’s ...

  Read More »
• 19 November

  End of line for BOJ has Kuroda talking up fiscal firepower

  

  Bloomberg Bank of Japan Governor (BoJ) Haruhiko Kuroda’s role as the prime focus for efforts to revive the world’s third-largest economy is coming to an end. An unprecedented level of concern about damaging side effects of Japan’s multi-decade experiment with ultra-low interest rates has gripped policy makers, regulators and legislators. The key takeaway: fiscal policy is set for a more ...

  Read More »
• 19 November

  Sharjah Stamp exhibition opens

  

  SHARJAH / WAM Mohammed Sultan Al Qadi, Chairman of Emirates Post Group, on Tuesday inaugurated the 10th edition of the Sharjah Stamp Exhibition at Mega Mall Sharjah, set to witness a debut by China and Pakistan, besides Australia, New Zealand, Iraq, Kuwait, Oman, Saudi Arabia, and Bahrain. The exhibition is being organised by the Emirates Philatelic Association (EPA), in cooperation ...

  Read More »
• 19 November

  ION begins operations in Abu Dhabi, Dubai, Sharjah

  

  ABU DHABI / WAM ION, the UAE-based sustainable transport company, which was announced in 2018 as a joint venture between Bee’ah and Crescent Enterprises, has now set up operations in Abu Dhabi, Dubai and Sharjah. The first ever green mobility solutions provider of its kind in the region was officially inaugurated during a ceremony attended by Badr Jafar, CEO of ...

  Read More »
• 19 November

  Adnec board restructured

  

  ABU DHABI / WAM Abu Dhabi Development Holding Company (ADDHC), issued a resolution to restructure the board of Abu Dhabi National Exhibitions Company (Adnec). The new board is chaired by Saif Saeed Ahmed Ghobash and includes the following members: Hamad Hareb Al Muhairi, Deputy Chair; Humaid Matar Al Dhaheri, Managing Director; and both Majed Sultan Al Mail and Kevin Murphy ...

  Read More »
• 19 November

  New programmes to prepare creators of future launched

  

  Dubai / Emirates Business Dubai Future Academy (DFAc), a Dubai Future Foundation initiative, announced the launch of 10 new training programs aimed at developing the skills of professionals, the youth and promising talents in all fields, and empowering them with tools for the future and prepare them to adapt with the changes in the future of various economic, technological and ...

  Read More »
• 19 November

  UAE, US join forces to protect defence tech

  DUBAI / WAM The UAE Ministry of Defence has signed a Memorandum of Understanding (MoU), with the US Defense Technology Security Administration (DTSA), to enhance cooperation between the two countries. Signed in the presence of Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, on the sidelines of the now-running Dubai Air Show, the MoU addresses security risks ...

  Read More »
• 19 November

  49 Emirati artists begin working on UAE logo

  

  DUBAI / WAM Forty-nine artists began their mission to design the UAE Nation Brand logo that will represent the country and share its success story with the world, with the logo aimed at reflecting the UAE’s values and showcasing its journey towards emerging as a global model for hope, ambitions, openness and possibilities. The workshop is in response to the ...

  Read More »