October, 2019

• 29 October

  UK all set for December polls to break impasse

  

  Bloomberg The UK is set for its third general election since 2015 as political leaders attempt to resolve the Brexit crisis paralysing the country. PM Boris Johnson won the backing of opposition Labour Party leader Jeremy Corbyn for a snap poll to take place between December 9-12. While the date is yet to be confirmed, the vote is set to ...

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• 29 October

  HK’s Lam dismisses ‘malicious’ report she’ll be replaced

  

  Bloomberg Hong Kong leader Carrie Lam dismissed reports of her looming replacement as “very malicious,” reiterating that she had Beijing’s support despite more than four months of unrest. Lam’s comments before a meeting of the city’s Executive Council came after a Financial Times report said Beijing was mulling a plan to remove Lam after her administration failed to quell months ...

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• 29 October

  Lebanon’s PM Hariri resigns after weeks of protests

  

  Bloomberg Lebanon’s PM Saad Hariri stepped down on Tuesday after two weeks of anti-government protests descended into violence. “I won’t hide that I reached a dead end and it’s time for a major shock to confront the crisis,” Hariri said in a televised address. “I’m going to the presidential palace in Baabda to submit my government’s resignation to the president ...

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• 29 October

  Businesses in Dubai foresee improved revenues ahead

  

  DUBAI / WAM Businesses in Dubai are confident of closing the year on improved revenues and a stronger footing with economic growth expected to gain momentum during the months ahead. The quarterly business survey of Dubai Economy showed that the Composite Business Confidence Index (BCI), of local businesses increased 14.9 points and reached 129.8 points in the third quarter of ...

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• 29 October

  UAE lauds US efforts to eliminate Daesh leader Abu Bakr Al Baghdadi

  ABU DHABI / WAM The United Arab Emirates has characterised news of US military action targeting Daesh leader Abu Bakr Al Baghdadi as a positive step towards strengthening international counter-terror efforts. In a statement released by the Ministry of Foreign Affairs and International Cooperation on Tuesday, Dr Obaid Al Ketbi, Assistant Foreign Minister for Military and Security Affairs, said, “The ...

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• 29 October

  ADGM issues new rules for employment compensation

  

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), issued new Employment Regulations 2019 and the Compensation Awards and Limits Rules 2019, replacing its previous legislative framework regarding employment matters. The new legislation takes into consideration public consultation that was undertaken earlier this year to review, improve ADGM’s legislative framework relating to employment. The new Regulations and Rules strengthen ADGM’s ...

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• 29 October

  President Maurer kicks off work on Expo 2020’s Swiss pavilion

  

  ABU DHABI / WAM During his official visit to the UAE, Ueli Maurer, President of Switzerland, has participated in the groundbreaking for the Swiss pavilion at the site of Expo 2020 Dubai, accompanied by a Swiss delegation. As part of his visit to Expo, the Swiss President was received by Najeeb Mohammed Al Ali, Executive Director of the Dubai Expo ...

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• 29 October

  Union Coop to hire 44 Emiratis

  Dubai / WAM Union Coop has announced the immediate recruitment of 44 UAE nationals during its ‘Open Day’ recruitment drive, held at Etihad Mall. Director of Human Resources and Emiratisation at Union Coop Ahmed bin Kenaid said, “Union Coop has organised 6 ‘Open Day’ recruitment drives since the beginning of the year 2019, as a part of its commitment to ...

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• 29 October

  National Bank of Fujairah to set up SME banking platform

  Fujairah / Emirates Business National Bank of Fujairah (NBF) is building a dedicated banking platform for Small and Medium Enterprises (SME) in the UAE, providing access to comprehensive financial and business services and solutions. The platform will be an exclusive digital space co-created with SMEs to understand and address their needs better. Positioned as a community platform ‘For SMEs by ...

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• 29 October

  Etihad inks deal to promote Abu Dhabi medical tourism

  

  Abu Dhabi / Emirates Business Etihad Airways (Etihad), the national airline of the UAE, and Cleveland Clinic Abu Dhabi, the pioneering multispecialty hospital, have signed an agreement – the first of its kind in the region between an airline and medical services provider – that will see the two organisations collaborate to promote Abu Dhabi as a premier medical travel ...

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