September, 2019

• 29 September

  ICE debut likely tanked Bitcoin, says JPMorgan

  

  Bloomberg Bitcoin’s 20 percent drop was likely fuelled by the effect of Intercontinental Exchange Inc’s (ICE) new futures contracts and an unwinding of long positions, according to JPMorgan Chase & Co. The cryptocurrency’s plunge, its biggest in a week since last November, took it from around $10,000 to a close of $8,061. Though the strategists led by Nikolaos Panigirtzoglou were ...

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• 29 September

  Abu Dhabi’s world class offerings showcased at Monaco Yacht Show

  

  ABU DHABI / WAM In collaboration with Abu Dhabi’s Department of Transport (DoT), and Abu Dhabi Ship Building Company, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), participated in the Monaco Yacht Show for the first time this weekend. The event is considered to be Europe’s largest in-water display of yachts. DCT Abu Dhabi sponsored the ...

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• 29 September

  First ladies beach in Al Dhafra region 67% complete

  ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), in collaboration with Al Dhafra Municipality, has revealed that the ladies beach project in Al Sila city, close to Al Sila port, is now 67 percent complete. Being the first of its kind in Al Dhafra region, the beach will stretch over 18,300 metres with a total cost of AED27 ...

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• 29 September

  Emirates announces its first A380 service to Cairo

  

  Dubai / Emirates Business Emirates will be operating its A380 service to Cairo International Airport on October 2, making it the first scheduled commercial airline to operate an A380 flight into Egypt. With the intent to make the world’s largest commercial passenger jet a part of the airline’s scheduled service to Cairo, this inaugural flight will re-affirm the airport’s infrastructure ...

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• 29 September

  UAE made significant progress in nuclear emergency preparedness

  

  ABU DHABI / WAM The UAE has made significant improvements in developing and strengthening its nuclear emergency preparedness and response arrangements for Barakah Nuclear Power Plant since the 2015’s Emergency Preparedness Review (EPREV), Service visit to the UAE, according to experts of the International Atomic Energy Agency (IAEA). This came after a five-day follow-up review by IAEA experts to the ...

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• 29 September

  Indian investors showing interest in DP World, Jafza

  

  DUBAI / Emirates Business DP World, UAE Region and Jebel Ali Free Zone (Jafza) attracted keen interest from small and medium enterprises (SMEs) and micro, small and medium enterprises (MSMEs) at the 16th CII Global SME Business Summit, which was held in New Delhi. As a part of the India – UAE Bridge initiative, the team engaged with Indian SME ...

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• 29 September

  UAE, Russia discuss tech cooperation

  

  MOSCOW / WAM Moscow has hosted the second meeting of the UAE-Russian Industrial, Technological and Scientific Cooperation Team. The meeting was chaired by Dr Mattar Hamed Al Niyadi, Under-Secretary of the Ministry of Energy and Industry, and Alexei Vladimirovic, Deputy Minister of Industry and Commerce of Russia. During the meeting, both sides highlighted the importance of the ongoing partnership between ...

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• 29 September

  Southeast Asia’s top phone carrier open to Huawei 5G

  

  Bloomberg The largest Indonesian phone operator said it will wait to see how the spat between US officials and Huawei Technologies Co ends before picking suppliers for 5G wireless equipment. Southeast Asia’s largest market for telecom services is still several years from launching 5G services, allowing PT Telekomunikasi Indonesia time to decide whether to pick Huawei as a supplier, President ...

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• 29 September

  Vedanta seeks approval to repair copper smelter

  

  Bloomberg Vedanta Ltd sought approval from the administration of the southern Indian state of Tamil Nadu to repair its copper smelter as the plant is “crumbling” after being ordered to remain shut for more than a year. The factory’s cooling towers and pipe ducts have collapsed, Pankaj Kumar, chief executive officer of the unit, Sterlite Copper, said in a phone ...

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• 29 September

  India stimulus leading to deficit at 8-year high

  

  Bloomberg India’s combined fiscal gap, including deficits of states, is seen widening to the highest in about eight years as the government boosts measures to stimulate a slowing economy. The general government deficit is seen at 7.5 percent of gross domestic product in the year to March, according to Fitch Ratings. The combined deficit was around 8 percent in the ...

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