October, 2019

• 5 October

  Germany targets discount fliers in move to raise air ticket tax

  

  Bloomberg Chancellor Angela Merkel’s sweeping moves to cut carbon emissions from transport took a step closer as details emerged over plans to increase tax on air travel. Germany will raise levies on all flight tickets, both domestic and long-haul trips, according to an air transport bill. The move, taking effect from next year, is a key part of plans to ...

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• 2 October

  UAE ranked world’s fifth largest contributor to WFP

  

  ABU DHABI / WAM The UAE is the top regional contributor and the world’s fifth largest donor to the World Food Programme (WFP), with 2019’s contributions amounting to $270 million, a top WFP official said. “However, the major contribution of the UAE is hosting the WFP over the past 15 years. The UAE is contributing efficiently to our operations in ...

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• 2 October

  US wins $7.5bn sanctions against EU in WTO jet case

  

  Bloomberg The World Trade Organisation (WTO) gave President Donald Trump the go-ahead to impose tariffs on as much as $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus SE. The award is the largest in WTO history — nearly twice as large as the previous record of $4.04 billion set in 2002. The ruling ...

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• 2 October

  Khidmah wins 14 new contracts across UAE

  ABU DHABI / WAM Khidmah has won 14 new contracts in Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah. The new contracts have been secured by Khidmah following a highly competitive bid process. In Abu Dhabi, Khidmah won five contracts from the master-developer Aldar Properties in Al Saadiyat Island including the Provision of Hard and Soft FM Services for Mamsha ...

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• 2 October

  DMCC, Dubai FDI promote UAE-China trade relations

  

  DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, partnered with Dubai FDI to host a forum on Wednesday under the theme, ‘Advancing the Dubai-China Relationship Through Trade’, as part of the fifth edition of the Dubai Investment Week 2019. The event was held under the patronage of HH Sheikh ...

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• 2 October

  Oil steady after 6-day slide amid tighter supply, demand fears

  

  Bloomberg Oil steadied after sliding for six days in a row as signs of tighter supply in the US and Opec jostled with ongoing concern that a fragile global economy is eroding fuel demand. Futures held near $54 a barrel in New York after falling 8.6% since September 23. The American Petroleum Institute reported that US crude inventories fell by ...

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• 2 October

  Dubai FDI explores Industry 4.0 at ‘Impact FDI Forum’

  

  Dubai / WAM Dubai FDI, the investment development agency of Dubai Economy, and the Dubai Future Foundation held the ‘Impact FDI Forum’ at Emirates Towers. The forum was part of a programme of the Hamdan Centre for the Future of Investment, focused on helping stakeholders transform the targets of the Sustainable Development Goals into attractive opportunities for investors and entrepreneurs ...

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• 2 October

  New initiative to enhance UAE youth skills launched

  

  Abu Dhabi / WAM The UAE Ministry of Education, the Abu Dhabi National Oil Company (Adnoc), and Bloomberg L.P. signed on Wednesday a Memorandum of Understanding (MoU), to implement a training and development programme — called the Adnoc-Bloomberg Education Initiative. The initiative is designed to equip a new generation of students with the specialised financial skills needed to excel in a ...

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• 2 October

  EGA inks deal to supply Dugas with electricity

  

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), and the Dubai Natural Gas Company (Dugas), signed a landmark tolling agreement under which EGA will generate the electricity required for industrial operations at the Dugas using natural gas sourced by Dugas from the Dubai Supply Authority. The agreement is the first one wherein EGA will supply another company with all its power requirements, ...

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• 2 October

  UAE wins ICAO membership for 5th consecutive time

  

  MONTREAL / WAM The United Arab Emirates has been elected for the fifth consecutive time to the International Civil Aviation Organisation (ICAO), Council. The UAE will serve its fifth term aboard the international organisation after successfully winning its re-election campaign on Tuesday, garnering 152 votes at the meetings of the ICAO’s 40th Session, running in Montreal, Canada from September 24 through ...

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