November, 2019

• 17 November

  SocGen banker fired for sharing secret info

  

  Bloomberg A former Societe Generale SA (SocGen) banker fired over allegations he took secret information on a $10 billion chemical deal and shared it with a friend lost a second bid to get about 430,000 euros ($473,000) in compensation related to his dismissal. The Paris court of appeals rejected the claims by Stephane Fima, who was dismissed in 2016 for ...

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• 17 November

  ECB could broaden asset-purchase programme: Muller

  

  Bloomberg European Central Bank (ECB) policy maker Madis Muller said the central bank could broadened its asset-purchase programme, if the economic situation in the euro area deteriorates significantly. “Right now, we are doing unconventional things,” he told students at a Bundesbank event in Frankfurt. “You could — of course — imagine even more unconventional things if the situation gets really ...

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• 17 November

  Abu Dhabi all set to introduce GCC’s first social impact bond

  

  Abu Dhabi / Emirates Business Abu Dhabi is to introduce the GCC’s first Social Impact Bond, an innovative and internationally recognised financial tool that raises private investment to support high-impact social programs, under the Authority for Social Contribution – Ma’an. Launching next year, Social Impact Bonds operate on a pay-for-success basis, whereby payment relies on a successful social outcome – ...

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• 17 November

  ‘Covenant for Million Tolerant’ registers one million participants

  

  ABU DHABI / WAM The Zayed House for Islamic Culture (ZHIC), has registered one million participants in the “Covenant for Million Tolerant” e-initiative launched last April as part of the Year of Tolerance programmes, aimed at promoting the values of tolerance within the UAE community. According to statistics, visitors to the e-platform reached 1,300,000, of which 68 percent were males ...

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• 17 November

  Khalifa Foundation offers AED5.5 million towards school supplies in Gaza

  

  ABU DHABI / WAM The Khalifa bin Zayed Al Nahyan Foundation donated AED5.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), to implement its project to provide school supplies to Palestinian refugee students of the UNRWA Sheikh Khalifa bin Zayed Al Nahyan Elementary Boys and Elementary Co-Educational Schools in northern Gaza. ...

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• 17 November

  DMCC publishes diamond terminology guideline in Arabic

  

  DUBAI / WAM DMCC, a Dubai-based free zone that acts as a gateway into global trade, released on Sunday the approved Arabic translation of the ‘Diamond Terminology Guideline.’ The guideline sets a universal standard for the diamond and jewellery trade when communicating about diamonds and laboratory-grown diamonds. The guideline provides clear and accessible terminology to eliminate confusion among industry bodies, ...

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• 17 November

  Emirates Post issues stamp on ‘Al Quds’

  

  DUBAI / wam Emirates Post, in association with Arab Postal Authorities, issued a unified commemorative stamp entitled ‘Al Quds – Capital of Palestine’, to support Al Quds’ cause and to protect its Arabian heritage, as well as serve a reminder of the emotional and cultural importance the city holds in the eyes of every Arab. During a meeting that was ...

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• 17 November

  India minister rules out quick recovery from economic slowdown

  

  Bloomberg India’s finance minister Nirmala Sitharaman said it was too early to say if the slowdown in the economy had bottomed out. Companies are planning new investments after $20 billion worth of corporate tax cuts announced in September, Sitharaman told reporters in New Delhi. Actual investments may take some time to materialise, she said. Prime minister Narendra Modi’s government has ...

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• 17 November

  US, China trade negotiators discuss phase one concerns

  

  Bloomberg US and Chinese trade negotiators held “constructive discussions” in a phone call to address each side’s core concerns of phase one of the trade deal. China’s Vice Premier Liu He, the country’s key negotiator in the trade talks with the US, spoke with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, according to the Chinese Commerce Ministry. The ...

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• 17 November

  ArcelorMittal gets approval for Essar deal

  

  Bloomberg ArcelorMittal won approval from India’s top court to complete its $5.8 billion purchase of a bankrupt steel mill, clearing the way for tycoon Lakshmi Mittal to enter the world’s second-biggest market. The Supreme Court allowed Arcelor to make the payment for Essar Steel India Ltd and set aside a bankruptcy appellate tribunal’s order that had given secured and unsecured ...

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