October, 2019

• 22 October

  Trudeau overcomes scandals to win second term as Canada’s PM

  

  Bloomberg Canadian Prime Minister Justin Trudeau won a second term in national elections, displaying once again a remarkable ability to overcome scandal and controversy to remain in power. Trudeau’s Liberal Party won or was leading in 156 of Canada’s 338 electoral districts, as of 1:33 am Ottawa time, losing his majority in parliament and the popular vote, but gaining enough ...

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• 22 October

  UAE renews commitment to polio eradication

  

  ABU DHABI / WAM World Polio Day is marked annually on October 24 recognising global efforts to eradicate the highly infectious disease that mainly affects children under the age of five. Since the establishment of the Global Polio Eradication Initiative (GPEI), in 1988, the World Health Organisation (WHO), noted that wild polio cases have decreased by over 99 percent, with ...

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• 22 October

  UAE firm supports Rohingyas

  SHARJAH / WAM Crescent Enterprises has joined hands with The Big Heart Foundation, a Sharjah-based global humanitarian organisation dedicated to helping people in need worldwide, to assist the Rohingya refugees in Bangladesh. The initiative will support Water and Sanitation for Health (Wash), project supervised by The Big Heart Foundation in the Cox’s Bazar district in southern Bangladesh, said a press ...

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• 22 October

  Emirates Steel awarded two patents by US agency

  

  Abu Dhabi / Emirates Business Emirates Steel, the only integrated steel plant in UAE and a subsidiary of General Holding Corporation (Senaat), received two patents from the United States Patent and Trademark Office. The patents reaffirm Emirates Steels’ status as an innovative leader within the regional steel industry, alongside its commitment to building a culture of innovation within the UAE. ...

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• 22 October

  Seventh International Franchise Exhibition opens in Abu Dhabi

  

  ABU DHABI / Emirates Business Saif Mohamed AL Hajeri, Chairman of Department of Economic Development and a member of the Executive Council, officially opened the seventh edition of the International Franchise Exhibition (IFE), organised by Abu Dhabi Chamber of Commerce and Industry in strategic partnership with Emirates Association for Franchise Development, at Abu Dhabi National Exhibition Centre (Adnec) on Tuesday. ...

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• 22 October

  ERC provides AED338mn aid in nine months

  

  ABU DHABI / WAM The value of humanitarian programmes, relief operations, development projects and orphans sponsored by the Emirates Red Crescent (ERC), outside the UAE from the beginning of this year until last September, amounted to AED338.3 million ($92.11 million), benefiting more than 8,500,634 people in many countries across the world. The aid was offered for humanitarian programmes, rescue operations, ...

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• 22 October

  US ‘concerned’ about Kashmir, urges India to restore normalcy

  

  Bloomberg The US has raised concerns about the ongoing detention of residents and political leaders in India’s Muslim-majority state of Jammu and Kashmir amid months-long restrictions on communication and movement across the region. President Donald Trump’s administration has “closely monitored” the situation in Kashmir after India changed the state’s legal status to create two new union territories — Jammu and ...

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• 22 October

  India considers trade curbs on Turkey, Malaysia over Kashmir

  

  Bloomberg India is considering placing curbs on some imports from Turkey and Malaysia, in response to their leaders’ comments on the autonomy of Kashmir, people familiar with the matter said. Prime Minister Narendra Modi’s government is exploring the possibility of both tariff and non-tariff measures to limit import of goods from the two countries, the people said, asking not to ...

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• 22 October

  Manila grants tax perks to lure back investors

  

  Bloomberg The Philippine capital is granting tax perks as it seeks to restore the historic city to its glory, Mayor Francisco Domagoso said in his speech before businessmen. Companies that build along Escolta Street in the country’s old business district will be exempted from business and real property taxes for 15 years, Domagoso said in a speech at the Management ...

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• 22 October

  Infosys drags Indian stock makets lower

  

  Bloomberg Infosys Ltd dragged India stocks lower after an anonymous whistle-blower complaint alleged the software exporter used irregular practices to shore up profits. The S&P BSE Sensex declined 0.9% to 38,963.84 in Mumbai. The NSE Nifty 50 Index slipped 0.6%. Infosys sank 16%, weighing the most on both gauges and offsetting post-earning gains in HDFC Bank Ltd and Reliance Industries ...

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