December, 2019

• 16 December

  The most momentous rate decision this month isn’t Fed or ECB

  

  Bloomberg The world’s oldest central bank stands to be the most significant this month as it pioneers a shift away from negative interest rates. Sweden was among the handful of economies that reduced key interest rates half a decade ago below zero. Now officials at the Riksbank — founded in 1668 — insist the policy has done its stimulus work, ...

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• 16 December

  FAB expands Saudi presence with new branch in Jeddah

  

  JEDDAH / WAM The First Abu Dhabi Bank (FAB), announced that it further expands into the Kingdom of Saudi Arabia with the opening of a branch in Jeddah. The Saudi Arabian Monetary Authority (SAMA), has granted FAB a licence to open three branches in the Kingdom, with the bank commencing operations in Riyadh and Al Khobar earlier in 2019. Commenting of ...

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• 16 December

  UAE’s efforts to promote tolerance, moderation across world lauded

  

  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, received a delegation of Speakers and members of regional and international parliaments and members of the Global Council for Tolerance and Peace, who are currently visiting the UAE to participate in the celebration of ...

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• 16 December

  Dubai Culture, RTA sign cooperation agreement

  Dubai / WAM HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority, on Monday signed a cooperation agreement with Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Directors of the Roads and Transport Authority (RTA), in Dubai, as part of Dubai Culture’s ongoing mission to establish the emirate as ...

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• 16 December

  UAE allocates $15m to support 400,000 students in Sudan

  

  Abu Dhabi / WAM The UAE on Monday announced AED55 million ($15 million) for school supplies that will support 400,000 students in Sudan. The monetary aid, provided by Abu Dhabi Fund for Development (ADFD), covers educational necessities, including classroom equipment. ADFD, in cooperation with the Sudanese government, supervised the delivery of the first shipment of school supplies that covers the ...

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• 16 December

  Johnson picks cabinet to deliver Brexit after UK poll win

  

  Bloomberg Boris Johnson will appoint new ministers to his cabinet on Monday as he pushes ahead with Brexit after securing a historic victory in last week’s UK election. The prime minister now has the power to enforce his vision for leaving the European Union and reshaping the British economy, following the biggest win for his Conservative Party since Margaret Thatcher ...

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• 16 December

  Washington seeks Christmas peace with North Korea as deadline looms

  

  Bloomberg President Donald Trump’s top envoy to North Korea countered Kim Jong Un’s threat of a Christmas provocation with a call for more nuclear talks to usher in a “season of peace.” US Special Representative for North Korea Stephen Biegun on Monday urged Kim to return to negotiations, noting that the coming holiday was “one of the most sacred days ...

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• 16 December

  Joe Biden, Sanders top Democratic field: Poll

  Bloomberg Joe Biden and Bernie Sanders lead the field of Democratic presidential candidates, followed by Elizabeth Warren, according to a NPR/PBS NewsHour/Marist poll released on Monday. The poll of Democratic and Democratic-leaning independents shows Biden with 24% support and Sanders at 22%, within the margin of error of 5.4 percentage points. Warren had 17%, and Pete Buttigieg had 13%. Andrew ...

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• 16 December

  Xi says Hong Kong faced ‘grimmest’ challenge in 2019

  

  Bloomberg President Xi Jinping said Hong Kong this year faced its “grimmest and most complicated” situation since returning to Chinese rule, urging the city to come back to the “right path.” Xi reaffirmed support for Hong Kong leader Carrie Lam as he hosted the embattled chief executive for her annual duty visit to Beijing. He praised her efforts to stimulate ...

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• 16 December

  Dubai developers show latest projects to Chinese investors at LPS Shanghai

  

  DUBAI / Emirates Business Dubai Land Department (DLD) participated in the 20th Luxury Property Show (LPS) Shanghai at the Shanghai Convention Centre through a high-level delegation that included Majida Ali Rashid, CEO of the Promotion and Real Estate Investment Management Sector; and Majid Saqr Al Marri, CEO of the Registration and Real Estate Services Sector. During the show, held over ...

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