September, 2019

• 24 September

  Indonesian delegation learns about Islamic economy in UAE

  

  Dubai / WAM Dubai Islamic Economy Development Centre (DIEDC), received a senior financial delegation from Indonesia that aimed to learn about the Islamic economy system in the UAE and explore opportunities for cooperation. The delegation comprised senior officials from Bank Indonesia – the central bank of the country – and the Indonesia Halal Lifestyle Centre, as well as representatives of ...

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• 24 September

  UAE underlines critical need to make health services suitable for all

  

  NEW YORK / WAM The United Arab Emirates has emphasised the health benefits of addressing climate change including air pollution, and extreme weather events, and called for greater global efforts to address the climate-health nexus. During the UN General Assembly’s High-Level Meeting on Universal Health Coverage, Hessa Essa Buhumaid, Minister of Community Development, noted that there is far too little ...

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• 24 September

  Sudan urges global oil companies to step up investment

  

  Bloomberg Sudan’s newly appointed oil minister urged international energy companies to speed up efforts to find and develop deposits in a country struggling to recover from US sanctions and a plunge in petroleum revenue. Officials from Schlumberger Ltd., an oilfield services company based in Houston, met with Oil and Mining Minister Adel Ali Ibrahim and expressed a readiness to resume ...

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• 24 September

  Kenya to build $147mn utility scale solar power

  Bloomberg Kenya is expanding its solar power, building two utility-scale projects that will supply green electricity to about 300,000 of the nation’s homes. The Radiant and Eldosol solar plants with a combined capacity of 80 megawatts will cost $147 million, the European Investment Bank said. The European trade bloc’s lender is co-funding the plants with Dutch bank Nederlandse FMO NV, ...

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• 24 September

  Google wins EU’s court battle over global ‘right to be forgotten’

  

  Bloomberg Google won a European Union court battle against plans to impose a global “right to be forgotten” in the latest landmark ruling over where to draw the line between privacy and freedom of speech. The EU Court of Justice said search engines should remove results on European versions of its websites and weren’t required to scrub links globally. Five ...

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• 24 September

  German stimulus programme not on cards: Minister

  

  Bloomberg Germany is not on the verge of a recession and old-style stimulus programmes are not in vogue any more, Economy Minister Peter Altmaier said on Tuesday. While Altmaier denied the country was heading into a recession, he said the deteriorating international scenario was beginning to weigh on the export-driven economy. “I think old-style stimulus programs are not in vogue ...

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• 24 September

  Fintech Fundbox raises $176mn to lend to businesses using AI

  

  Bloomberg Fintech Fundbox Inc has raised $176 million in a new funding round from investors including Allianz SE and General Catalyst. The company was expected to announce the funding on Tuesday, along with a new $150 million credit facility. A Fundbox spokesman said the new round valued the company at between $500 million and $1 billion, but would not disclose ...

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• 24 September

  VW chairman, CEO charged with market manipulation

  

  Bloomberg Volkswagen AG’s two top leaders, Chief Executive Officer Herbert Diess and Chairman Hans Dieter Poetsch, were charged with market manipulation in Germany over allegations they failed to inform investors early enough about the diesel-emission scandal. Former CEO Martin Winterkorn was also charged in the case, according to the indictment filed by Braunschweig prosecutors. The shares fell as much as ...

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• 24 September

  Trump ordered delay in $400m military aid to Ukraine before call

  

  Bloomberg President Donald Trump ordered his acting chief of staff to delay sending $400 million in military aid to Ukraine at least a week before he spoke to that country’s president, a person familiar with the matter said. Donald Trump’s July 25 telephone call with the new Ukrainian president, Volodymyr Zelenskiy, is the subject of a congressional investigation and is ...

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• 24 September

  Venezuela’s Maduro to meet Putin in Moscow

  

  Bloomberg Russian President Vladimir Putin will meet his embattled Venezuelan counterpart Nicolas Maduro in Moscow on Wednesday, but the two aren’t planning to sign any documents, Kremlin spokesman Dmitry Peskov said. “Various aspects of bilateral cooperation will be discussed,” Peskov said. The leaders will hold one-on-one talks, as well as a working lunch including other officials. “Of course, opinions will ...

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