July, 2019

• 14 July

  The path forward with North Korea: ‘Denuclearisation lite’

  

  Over the past couple of weeks, there have been increasing signs that the Trump administration — and particularly the president himself — is moderating its position on North Korea’s stockpile of nuclear weapons. Gone are the adamant statements that the US will only accept complete, immediate and irreversible denuclearisation. Instead, we’ve seen a symbolic but historic meeting between Trump and ...

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• 14 July

  Lagarde’s ECB top team is running out of economists

  

  Christine Lagarde’s nomination as president of the European Central Bank (ECB) has sparked controversy over whether she’ll be up to the job. But there’s another position to fill at the top of the ECB that’s nearly as important. Benoit Coeure, a member of the bank’s six-strong executive board, will leave at the end of December after serving an eight-year term. ...

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• 14 July

  Beware of geeks bearing artificial intelligence gifts

  

  Last March, McDonald’s Corp acquired the startup Dynamic Yield for $300 million, in the hope of employing machine learning to personalise customer experience. In the age of artificial intelligence, this was a no-brainer for McDonald’s, since Dynamic Yield is widely recognised for its AI-powered technology and recently even landed a spot in a prestigious list of top AI startups. Trouble ...

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• 13 July

  UAE reduces, cancels fees for over 100 public services

  

  ABU DHABI / WAM The Ministry of Economy (MoE) has announced a new amended fee and fine structure for a package of 110 services in the implementation of Cabinet Resolution No. (51) of 2019 on reduction of government services fees it provides to customers and businesses. According to the new fee structure, fees of 102 services will be cancelled while ...

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• 13 July

  Oil caps weekly gain as storm buoys market

  

  Bloomberg Oil capped its best week since mid-June as Tropical Storm Barry gained strength, approaching refineries in Louisiana and leaving deserted offshore platforms on its path. Futures in New York gained 4.7 percent for the week after prices held above $60 a barrel for a third day. Forecast to make landfall as a hurricane early Saturday, Barry has already curbed ...

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• 13 July

  Japan, South Korea spar over trade talks as US stays away

  

  Bloomberg Japan and South Korea bickered over the details of rival briefings about export-control talks on Saturday as the US backed away from a potential role as a mediator in a fight over history and trade between its two Asian allies. Officials at Japan’s Ministry of Economy, Trade and Industry held a press conference at which they denied an assertion ...

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• 13 July

  DMCC-China pacts to boost trade, attract FDI to Dubai

  

  DUBAI / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise — has signed two new strategic partnership agreements with Chinese authorities during visits to the cities of Hangzhou and Qingdao as part of its sixth Made for Trade Live roadshow of 2019. DMCC signed a memoranda of understanding (MoU) with ...

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• 13 July

  Abu Dhabi launches ‘instant licensing’ for small energy firms

  ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE), in cooperation with Abu Dhabi Digital Authority (ADDA), has announced the launch of instant licensing services through the Abu Dhabi Government Services System (Tamm). The mutual venture aims to facilitate fast and effective innovative technologies to better serve small-size energy businesses in Abu Dhabi. The eligible businesses in Abu ...

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• 13 July

  Road, bridge work to Dubai Hills Mall 45% complete

  DUBAI / WAM The Roads and Transport Authority (RTA), has announ-ced 45% completion of construction works on the bridges and roads leading to Dubai Hills Mall at the junction of Umm Suqeim Street and Al Khail Road. The project encompasses the construction of 12 bridges spanning 3,700 metres with a width varying from 11 to 22 metres in addition to ...

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• 13 July

  UAE, Spain discuss infra development ties

  MADRID / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, met with Spanish Minister of development, Jose Luis Abalos Meco, and State Secretary for Trade, Xiana Mendez. The meeting, attended by Majed Hassan Al Suwaidi, UAE Ambassador to Madrid, discussed bilateral relations and ways to enhance cooperation and investment opportunities, particularly in the infrastructure sector. Dr ...

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