October, 2019

• 30 October

  Saudi sovereign fund to invest $10bn in Brazil

  

  Bloomberg Saudi Arabia’s Public Investment Fund will invest $10 billion in Brazil and plans to use the country as a gateway to the rest of Latin America, the Brazilian government said. The investment comes after talks between President Jair Bolsonaro and Crown Prince Mohammed Bin Salman, Brazilian Foreign Affairs Minister Ernesto Araujo said. Bolsonaro met Bin Salman in Riyadh, where ...

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• 30 October

  Russia working with UAE, Saudi to preserve energy market stability

  

  RIYADH / WAM A senior Russian trade official said that the UAE has demonstrated how a nation can successfully transform its economy, “by expeditiously investing its income from oil.” Speaking on the sidelines of the Future Investment Initiative currently running in Riyadh until October 31, the Head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told the Russian state ...

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• 30 October

  UAE’s Madrasa e-learning platform reaches out to Senegal

  

  Dubai / WAM The team of the Mohammed Bin Rashid Al Maktoum Global Initiatives in charge of the Madrasa e-learning Platform headed for Dakar, Senegal, in collaboration with the Emirates Red Crescent as part of a mission that will benefit at least 1,000 far-flung villages across the world. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

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• 30 October

  EDA delivers UAE’s message of tolerance to foreign diplomats

  Abu Dhabi / WAM The Emirates Diplomatic Academy (EDA), UAE’s leading international relations and diplomatic institution, concluded its global communications programme, ‘Your Journey in the UAE’, aimed at familiarising diplomats with the UAE to enable them to convey relevant and comprehensive information about the country to their fellow citizens, in addition to facilitating knowledge and experience-sharing. The five-day programme held in ...

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• 30 October

  US stocks fluctuate before Fed rate decision, Treasuries gain

  

  Bloomberg US equity-index futures drifted alongside stocks in Europe on Wednesday while Asian shares were mixed as markets largely entered a holding pattern in the countdown to the Federal Reserve’s policy decision. Treasuries reversed a small gain and the dollar erased a decline as growth data for the world’s largest economy beat expectations. Contracts on all three main American equity ...

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• 30 October

  Timid recovery in UK stocks faces new hurdle: Polls

  

  Bloomberg Just when UK equities were starting to look good on receding Brexit uncertainty, a general election comes along that could make or break the market. After being long-time market pariahs, British stocks have been slowly gaining favour from both the buy and sell sides in recent weeks. An exchange-traded fund tracking UK mid-caps enjoyed record inflows, UBS Global Wealth ...

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• 30 October

  Emirates to host first IATA global accessibility symposium

  

  DUBAI / Emirates Business In a proactive effort to bring the industry together to advance open dialogue for a more disability-inclusive air transport system, Emirates will be hosting the International Air Transport Association (IATA) inaugural Global Accessibility Symposium, taking place in Dubai from November 5-6. The IATA Global Accessibility Symposium furthers the commitment of the resolution on passengers with disabilities ...

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• 30 October

  Maqta Gateway, Etisalat ink pact on digital services

  

  Emirates Business Maqta Gateway, a subsidiary of Abu Dhabi Ports signed a Memorandum of Understanding (MoU) with Etisalat enabling connectivity and bringing digital innovation across the port facilities. The partnership will help transform the port with technologies like cloud computing, IoT and big data, paving the way for a new era of digital transformation in the maritime sector. Dr Noura ...

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• 30 October

  MFNCA wins ‘GCC Gov HR team of year award’

  

  Abu Dhabi / WAM The Ministry of State for Federal National Council Affairs (MFNCA), won the GCC Gov HR Team of the Year Award at the GCC Gov HR Awards 2019. The award ceremony was part of the 7th annual GOV HR Summit 2019, which was held in Abu Dhabi. The award is given to government agencies and major private ...

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• 30 October

  UAE seeking second term in IMO Council

  

  DUBAI / WAM The UAE is all set to field its candidacy for a second term for Category B membership of the International Maritime Organisation (IMO) Council, whose elections are slated for November 29 in London. The UAE was the first Arab nation to win Category B membership of the IMO Council in 2017. The win was the triumphant result ...

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