May, 2019

• 25 May

  Scientists of today are the makers of tomorrow: VP

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasised that the UAE aspires to become the top destination for scientists, researchers and makers of tomorrow to strengthen the UAE’s march towards achieving sustainable economic development. “The UAE is renowned for being an incubator for creative ...

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• 25 May

  UAE raised $9mn on first day of campaign to help Rohingyas

  

  Abu Dhabi / WAM The total contributions to the ‘UAE for Rohingya Women and Children’ campaign reached AED 33 million ($8.98 million) in the first day of the campaign. The campaign, launched on Friday across the UAE, comes in line with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al ...

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• 25 May

  UAE central bank holds fourth board of directors meet

  

  ABU DHABI / WAM The Board of Directors of the Central Bank of the UAE (CBUAE), held their fourth meeting for 2019. The meeting hosted at CBUAE Head Office, took place under the chairmanship of Hareb Masood Al Darmaki, the Chairman of the Board, and attended by Abdulrahman Saleh Al Saleh, Deputy Chairman of the Board, Mubarak Rashed Al Mansoori, ...

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• 25 May

  Trump linking Huawei with trade defies security claims

  

  Bloomberg President Donald Trump says he may resolve a dispute over Huawei Technologies Co as part of a trade agreement with China, yet doing so would undercut US assertions the company poses a national security threat. Days after trade talks with Beijing hit an impasse, the US put the Shenzhen-based maker of telecommunications gear on a blacklist over concerns it ...

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• 25 May

  Renault’s Senard says ‘serenity’ needed in Nissan alliance talks

  

  Bloomberg Renault, Nissan Motor and Mitsubishi Motors should take time and discuss the future of their alliance with “serenity,” said Jean-Dominique Senard, chairman of the French car company in the three-way tie-up. “Every company in the world must reflect on its future and the best way to strengthen itself, and in the case of an alliance, how to optimise it,” ...

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• 25 May

  Trade curbs on China are changing commodity flows

  Bloomberg China’s latest trade figures provide a fresh look at how commodity flows to the world’s largest importer are changing amid restrictions affecting farm to energy products. While the April data, released on Saturday, preceded the recent escalation of the US-China trade war, shifts in shipment trends were already underway, given the rising tensions between the Asian nation and some ...

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• 25 May

  Modi’s victory seen weighing on global sugar market

  

  Bloomberg The sugar industry in India, which jostles with Brazil as the world’s top producer, is likely to continue to benefit from significant government support after a landslide victory for PM Narendra Modi. This scenario may weigh on raw sugar futures in New York, which are already near the lowest in about seven months. In his first five-year term, Modi’s ...

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• 25 May

  Malaysia in talks with China firms on pipeline projects

  

  Bloomberg Malaysia is in discussions with China-based contractors for compensation relating to pipeline projects worth 9.4 billion ringgit ($2.24 billion). The government is negotiating with China Petroleum Pipeline Engineering Co and Huanqiu Project Management Beijing Co on the total compensation to be paid by Suria Strategic Energy Resources Sdn, which was overseeing the projects, for the termination of the work, ...

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• 25 May

  US proposes tariffs on nations with undervalued currencies

  

  Bloomberg The Trump administration is proposing tariffs on goods from countries found to have undervalued currencies, in a move that would further escalate its assault on global trading rules. The proposal, laid out in a Federal Register notice released, would let US-based companies seek anti-subsidy tariffs on products from countries found by the US Treasury Department to be engaging in ...

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• 25 May

  Canada wholesale sales surge to one-year high

  

  Bloomberg Sales by Canadian wholesalers in March rose by the most in more than a year, another sign the economy is emerging from a temporary slow patch. Wholesale sales rose 1.4 percent during the month, the fastest increase since October 2017 and the fourth straight monthly gain, Statistics Canada reported. Economists surveyed by Bloomberg were expecting a gain of 0.9 ...

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