September, 2019

• 15 September

  Al-Shabaab kills 8 Somali officials

  

  Bloomberg At least eight government officials were killed in Somalia in attacks claimed by al-Shabaab militants. The deputy governor of Somalia’s Middle Shabelle region was among five people killed when a roadside bomb hit the vehicle they were traveling in, Mohamed Abdi Ware, president of Hirshabelle state, said. Ware’s adviser was also killed in the same attack. In a separate ...

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• 15 September

  Dubai Startup Hub launches 4th networking series

  

  Dubai / Emirates Business Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, in cooperation with Area 2071, recently kicked off the fourth edition of its weekly networking series which brings together stakeholders from the Dubai startup ecosystem and features inspirational talks led by successful entrepreneurs and industry innovators. The 10-week series, hosted at Emirates Towers, will ...

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• 15 September

  First sliding phase of ‘The Link’ commences

  

  Dubai / WAM Ithra Dubai has announced the start of the first sliding phase of the world’ s largest cantilever or ‘The Link’, on its One Za’abeel development. The commencement of the sliding works commenced on September 12. One Za’abeel is an iconic, high-rise, mixed-use luxury development currently under construction in the heart of the city, standing at the gateway ...

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• 15 September

  UAE rescues people affected by floods in Al Jazeerah, Sudan

  

  ABU DHABI / WAM The UAE, represented by a team from the Khalifa bin Zayed Al Nahyan Foundation, is continuing to provide food and shelter to thousands of people in flood-ravaged Sudanese provinces. The team dispatched an aid convoy to support villages in Al Jazeerah Province, which includes 6,000 food parcels and 200 tents that were distributed to people who ...

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• 15 September

  Dubai ‘marine conference’ to focus on offshore energy

  

  DUBAI / WAM The second edition of Dubai Marine Insurance Conference (DMIC), focusing on offshore energy as an integral part of the UAE’s Maritime Week will be held on the September 24 in Dubai. The inaugural edition of DMIC was launched in November 2018 and hosted by the Dubai Maritime City Authority and supported by the Emirates Maritime Arbitration Centre. ...

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• 15 September

  Dubai, South Africa to boost mutual trade

  

  DUBAI / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, and a South African delegation headed by the Consul-General, Mogobo David Magabe, have discussed means to further develop cooperation relations between the two sides. Musabih briefed the South African delegation about customs facilities and services delivered by Dubai Customs to investors and businesses. He also talked about the different initiatives ...

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• 15 September

  Trump offers support for Saudi Arabia’s self-defense

  

  Bloomberg President Donald Trump offered US support for Saudi Arabia’s self-defense in a call with Saudi Crown Prince Mohammed Bin Salman, the White House said. The pair spoke after a swarm of explosive drones hit key oil-industry targets in Saudi Arabia. The state-run Saudi Press Agency earlier reported on the call. Iranian-backed Houthi rebels in Yemen claimed responsibility for the ...

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• 15 September

  Bank of Montreal’s CEO aims to double indigenous lending

  

  Bloomberg A team of Bank of Montreal (BMO) commercial bankers have traded their suits and ties for Ford F-150 pickups to reach Canada’s remote regions and build up a part of their business that has yet to see a bad loan. Indigenous banking is one area Chief Executive Officer Darryl White targeted in June when he vowed increased support for ...

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• 15 September

  Wealth-management price war spikes in Nordics over ‘fees’

  

  Bloomberg At the biggest bank in the richest Nordic economy, the head of wealth management is about to make life harder for his rivals by cutting fees yet again. DNB Asset Management, which oversees about 600 billion kroner ($67 billion) from Oslo, already lowered fees on several mutual funds back in February. That move gave the asset manager a bigger ...

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• 15 September

  Lagarde faces call for ‘ECB inflation goal’

  

  Bloomberg When Christine Lagarde conducts a rethink of the European Central Bank’s policies and tools during her impending presidency, her new Austrian colleague will be keen to contribute. “I look forward to the strategic review,” Robert Holzmann, the governor of the Austrian central bank who began his role this month, said in an interview in Helsinki. “I’m a fan of ...

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