October, 2019

• 30 October

  Abdullah visits Misk Foundation in Saudi Arabia

  

  RIYADH / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, visited the Mohammed bin Salman Charitable Foundation “Misk Foundation”, in Riyadh, Saudi Arabia. During the visit, His Highness Sheikh Abdullah was accompanied by Bader Al-Assaker, Chairman of Misk Initiatives Centre, along with Sheikh Shakboot bin Nahyan Al Nahyan, UAE Ambassador to Saudi ...

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• 30 October

  Energy companies need to be resilient, says Al Jaber

  

  RIYADH / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, participated, on Wednesday, in the third annual Future Investment Initiative (FII), held in Riyadh, Kingdom of Saudi Arabia, as global leaders from the public and private sectors convened to explore economic opportunities. Commenting alongside Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of ...

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• 30 October

  Adipec witnesses strong growth for 2019 edition

  

  ABU DUBAI / Emirates Business The 2019 edition of the Abu Dhabi Petroleum Exhibition and Conference (Adipec) is set to confirm the event’s status as the world’s leading oil and gas exhibition and conference, with increased participation from major global oil companies. Over 30 national oil companies (NOCs) have confirmed their participation at Adipec, up from 27 last year, while ...

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• 30 October

  Zayed Charity Marathon to be held in Suez, Egypt

  

  Abu Dhabi / WAM The Higher Organising Committee of the Zayed Charity Marathon announced that the marathon’s sixth edition will be held in Suez, Egypt, on December 27. The announcement was made at a press conference, held at the Armed Forces Officers Club in Abu Dhabi, and was attended by Minister of Youth and Sports of Egypt, Ashraf Sobhy, Lt. ...

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• 30 October

  Trump wants direct control over where cars are made

  

  Bloomberg The Trump administration wants to dictate how and where global auto companies make cars and parts to secure duty-free treatment under the new Nafta in its most direct intervention yet to manage trade and production, according to people familiar with the effort. The issue is being discussed between Trump administration officials, congressional staff, and domestic and foreign auto makers ...

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• 30 October

  Tesla’s US sales in third quarter fell 39%, filing reveals

  

  Bloomberg Tesla Inc’s surprise profit in the third quarter came despite a drop of almost 40% in revenue from the US, its largest market. The electric automaker’s US sales plummeted to $3.13 billion in the latest quarter, from $5.13 billion a year earlier, according to a securities filing. Tesla said earlier global deliveries for the quarter rose a higher-than-expected 1.9% ...

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• 30 October

  European cloud not a threat: Amazon

  

  Bloomberg Amazon.com Inc cast doubt over a Franco-German plan for a European cloud that would allow the continent’s businesses to keep their data from being stored in the US or China. After the European Union’s (EU) two leading nations unveiled plans for an EU-focussed cloud, a spokesperson for Amazon’s AWS cloud business said such a project will lack the scale ...

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• 30 October

  German jobless total rises by 6,000 in Oct

  

  Bloomberg German unemployment resumed its rise as factories remained in a slump, increasing the pressure on the government to step in with fiscal stimulus. The number of jobless climbed by 6,000 in October, compared with estimates for an increase of 3,000. The unemployment rate held at 5%, near a record low. The report follows a survey in October showing manufacturing ...

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• 30 October

  Microsoft CEO stands behind software sales to Pentagon

  

  Bloomberg Microsoft Corp Chief Executive Officer Satya Nadella told employees his leadership team is fully behind the sale of software to the US Defense Department, after the company won a $10 billion Pentagon contract that some workers have opposed. Addressing staff at a regular internal town-hall meeting, Nadella said he respects differing opinions on the issue, according to a person ...

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• 30 October

  India warns to ground Airbus aircraft after engine failures

  

  Bloomberg Close to 30 Airbus SE A320neo jets operated by two Indian airlines will be grounded if they don’t update some Pratt & Whitney engines within 15 days, the nation’s aviation safety regulator said. IndiGo, India’s biggest carrier, and rival Go Airlines India Ltd won’t be allowed to fly planes fitted with two unmodified PW1100-series engines that have been in ...

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