September, 2019

• 23 September

  17 UAE firms confirm investment in India’s infrastructure

  

  Dubai / WAM Seventeen UAE companies have confirmed their investment in India’s infrastructure sector in the last 12 months, an Indian minister has said. Piyush Goyal, Indian Minister of Railways and Minister of Commerce and Industry told the Emirates News Agency (WAM), that since the 6th meeting of the UAE–India High Level Joint Task Force on Investments that was held ...

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• 23 September

  40 bus stops converted into taxi stands in Abu Dhabi

  

  ABU DHABI / WAM The Integrated Transport Centre (ITC), in Abu Dhabi has announced that 40 bus stops have been converted into taxi stands on Abu Dhabi Island. The move aims to provide innovative solutions for parking management in Abu Dhabi, said a press statement issued by the ITC on Monday. This step aims to regulate and optimise the use ...

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• 23 September

  UAE private sector employment rises to 5.1 million in Q2

  

  ABU DHABI / WAM Positive macroeconomic developments during the first and the second quarters of 2019 reflected on the UAE labour market as employment in the private sector increased by 1.0 percent in Q2 to 5.1 million compared to a rise of 0.1 percent in the previous quarter, according to figures released by the Central Bank of the United Arab ...

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• 23 September

  Dubai ranks eighth among global financial powerhouses

  

  Dubai / WAM Dubai has risen up the ranks of the Global Financial Centres Index (GFCI), to number eight position, representing its highest-ever ranking. The city is the only financial centre in the Middle East, Africa and South Asia (Measa) region to appear within the top 10 rankings, placing it alongside other pivotal financial hubs such as London, New York, ...

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• 23 September

  ADGM launches instant licence renewal service

  

  Abu Dhabi / WAM In a continuous effort to improve business efficiency and ensure ease of doing business, the Abu Dhabi Global Market (ADGM), Registration Authority has launched an instant licence renewal service for entities registered at ADGM. According to a press release issued by ADGM on Monday, the new instant licence renewal service will allow registered entities to efficiently ...

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• 23 September

  UK to open $25b contest for offshore wind farms

  

  Bloomberg The UK is set to open the first contest in a decade intended to draw as much as $25 billion of investment in offshore wind farms. The move in a competitive auction for leases where developers can plant large-scale turbines at sea will bring at least 7 gigawatts of new power generation capacity to the UK grid and speed ...

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• 23 September

  Apple may get early clues about winning tax case of the century

  

  Bloomberg Apple Inc may only need to wait until Tuesday to get early clues about its chances of success in the biggest tax case in recent history. The iPhonemaker has been arguing its case at the European Union’s General Court to topple a record 13 billion-euro ($14.3 billion) EU tax order. This week the same panel of judges will deliver ...

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• 23 September

  Vonovia becomes Swedish top landlord with $1.3 billion deal

  

  Bloomberg Vonovia SE will become the largest landlord in Sweden after buying Stockholm-based apartment owner Hembla AB for about $1.3 billion. Following its 2018 purchase of Victoria Park, the deal is the German company’s second in the Swedish market and will increase its portfolio in the country to more than 38,000 apartments, overtaking Rikshem and Heimstaden, according to Vonovia. Germany’s ...

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• 23 September

  Google to listen to users’ audio snippets again, but ask first

  

  Bloomberg Google workers will listen to audio snippets of people speaking to its digital voice assistant to help improve the product’s quality — if users give the company permission to do so. Alphabet Inc’s Google paused all human review of assistant audio in July after a Dutch contractor leaked some clips to a journalist, who was then able to identify ...

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• 23 September

  Germany may see no growth as manufacturing slumps

  Bloomberg Germany’s private sector is suffering its worst downturn in almost seven years as a manufacturing slump deepens, raising pressure on the government to add fiscal stimulus. A Purchasing Manager’s Index fell to 49.1 in September from 51.7 a month earlier, according to IHS Markit. The reading was worse than economists predicted and the lowest since October 2012. It’s also ...

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