October, 2019

• 5 October

  Oil records biggest weekly drop since July on demand pessimism

  

  Bloomberg Oil registered its biggest weekly decline since July as a streak of disappointing economic data compounded fears about a global recession. The 0.7% rise in New York-traded futures wasn’t enough to correct a 5.5% drop for the week. Rising US payrolls and the lowest unemployment rate in five decades undercut prospects of interest-rate cuts by the Federal Reserve. “The ...

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• 5 October

  Abu Dhabi’s bright future in focus at WRC

  

  Abu Dhabi / Emirates Business A series of key infrastructure improvements to transform the future of transport in Abu Dhabi will be outlined by the Department of Transport – Abu Dhabi (DoT) before a global audience at the World Road Congress Abu Dhabi 2019. Thousands of road transport professionals will be offered an insight into how Abu Dhabi has built ...

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• 5 October

  ADX showcases digital services at Gitex Technology Week

  

  Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX) is participating at Gitex Technology Week 2019, taking place from October 6-10 at the Dubai World Trade Centre (DWTC). For the sixth consecutive year, ADX’s participation, within the Pavilion of the Abu Dhabi Government, will showcase its achievements in digitalising its services and highlight its efforts to enhance Abu Dhabi’s ...

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• 5 October

  DCC to share latest trends in e-commerce at Gitex

  

  Dubai / Emirates Business Dubai CommerCity (DCC), first dedicated e-commerce free zone in the Middle East, North Africa and South Asia (Menasa), will participate in the 39th Gitex Technology Week at DWTC. Ms Amna Lootah, Assistant Director General, Dafza said: “E-commerce is one of the fastest growing sectors which is playing a key role in the growth of the local ...

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• 5 October

  UAE Armed Forces all set to hold drills in RAK

  

  RAS AL KHAIMAH / WAM The UAE Armed Forces on Saturday warned that loud noises – including those of helicopters, fighter planes, armored personnel carriers and speedboats – are expected in Al Hamra, Ras Al Khaimah as rehearsals for the 6th edition of Union Fortress begin in the emirate. In a statement, the Armed Forces also warned against approaching the ...

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• 5 October

  UAE investments constitute 11% of total FDI to Lebanon

  

  ABU DHABI / WAM The UAE has maintained its position as a leading investor in Lebanon with its foreign direct investment (FDI), constituting 11 percent of total FDI inflows to Lebanon, according to a top Emirati diplomat. “The upcoming joint investment forum is a realisation of the vision of the UAE’s leadership for joint Arab action, especially with Lebanon,” Hamad ...

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• 5 October

  Emiratis flock to polling stations on election day

  

  ABU DHABI / WAM Voting for Federal National Council (FNC) representatives opened on Saturday in 39 polling centres across the country. The voting process began at 8am and ends at 8pm when voting centres will shut down, the votes counted, and the preliminary list of winners of the FNC 2019 elections announced. Since the start of the voting process – ...

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• 5 October

  AED410 million in housing subsidies granted to Emiratis

  

  Abu Dhabi / WAM The Sheikh Zayed Housing Programme has approved 522 housing assistance applications for Emirati citizens valued at AED410 million. They range from housing loans and grants to government housing. This follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the follow-up of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

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• 5 October

  Khalifa Fund highlights ‘AI Mentor’ initiative at Gitex

  

  Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), has announced its participation at this year’s edition of Gitex Technology Week, the biggest tech show in the Middle East, North Africa and South Asia (Menasa), which will run from October, 6-10 at the Dubai World Trade Centre (DWTC). During the event, KFED will highlight its ‘AI Mentor’ initiative, an integrated ...

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• 5 October

  Session on UAE’s Mars Probe held in London

  

  London / WAM The World Youth Council, in cooperation with the UAE Embassy in the United Kingdom, has organised an interactive session with Sarah bint Yousif Al Amiri, Minister of State for Advanced Sciences, about the Emirates Mars Mission’s Hope Probe and the country’s latest success in space. During her speech at the session, organised at the Science Museum in ...

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