February, 2019

• 27 February

  Oil advances as Opec, allies go ahead with supply cuts

  

  Bloomberg Oil climbed in New York as Saudi Arabia signaled that Opec and its allies will keep going with production cuts. West Texas Intermediate futures advanced as much as 2.1 percent. Opec’s most powerful member is inclined to extend the supply cuts into the second half of the year, Saudi Energy Minister Khalid Al-Falih said in Riyadh. US stockpiles fell ...

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• 27 February

  DMCA launches mobile smart services at DIBS

  DUBAI / WAM The Dubai Maritime City Authority (DMCA) launched the Smart Mobile Service, the latest addition to the maritime innovation and transformation march, with positive interaction from exhibitors and visitors at the Dubai International Boat Show (DIBS) 2019 at Dubai Water Canal. Hailing from the smart car concept, the Smart Mobile Service, is equipped with state-of-the-art technological innov- ations offering ...

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• 27 February

  Mohamed, Korean president fostering ties

  

  Seoul / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Moon Jae-in of South Korea, on Wednesday explored the strategic cooperation relations between the two countries, prospects for developing them to serve their mutual interests, as well as regional and international issues of ...

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• 27 February

  Arab Parliament hails UAE’s support for Yemeni people

  

  CAIRO / WAM Speaker of Arab Parliament, Dr Mishaal bin Fahm Al-Salami has praised the valuable aid provided by the UAE, Saudi Arabia, and Kuwait to support Yemenis at the Pledging Conference on Yemen held in Geneva, Switzerland. The aid has been announced to achieve the urgent humanitarian response, relief and alleviation of the sufferings of the Yemeni people. In ...

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• 27 February

  UAE-South Korea ink slew of deals, MoUs

  

  Seoul / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Moon Jae-in of South Korea, on Wednesday attended the signing of a number of agreements and Memoranda of Understanding between the UAE and the Republic of Korea at the Blue House in Seoul. ...

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• 27 February

  Gulf Craft reveals its strategic vision with six global premieres

  

  Dubai / Emirates Business Gulf Craft, the Emirates pioneer builder of luxury yachts and leisure boats arrives at the 27th edition of the Dubai International Boat Show with a fleet of 12 vessels. The triple-deck Majesty 140, the biggest superyacht in Gulf Craft’s collection for this year’s show is a masterpiece that will capture all the attention. The award-winning Majesty ...

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• 27 February

  Abu Dhabi attracts 10mn visitors in ’18

  

  Abu Dhabi / WAM Abu Dhabi has welcomed 10.27 million international visitors in 2018, with the emirate also posting figures showing incredible growth over the last three years, powered by the addition of a host of world-class events and enhancements to all of its specialised tourism sectors, massive improvements to its infrastructure, and significant development of its cultural assets. The ...

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• 27 February

  China-backed trade pact faces fresh hurdles amid Bali talks

  

  Bloomberg A bid to kick-start a China-backed trade pact that would cover a third of the global economy is facing a fresh hurdle as upcoming elections across Asia and the Pacific threaten to stall progress on reaching a deal. With fallout from trade ructions between US and China endangering global growth, the Regional Comprehensive Economic Partnership (RCEP), is seen as ...

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• 27 February

  Hyundai plans $40bn in spending as car industry transforms

  

  Bloomberg Hyundai Motor Co. joined automakers pledging massive spending in the years ahead to address the industry’s transformation and fend off new competition from the likes of Tesla Inc. The South Korean maker of Sonata sedans and Tucson SUVs plans to invest 45.3 trillion won ($40 billion) in the next five years in development of new models and technologies for ...

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• 27 February

  Hong Kong cuts budget handouts with slowing economy in view

  

  Bloomberg Hong Kong’s economic growth is forecast to slow this year as the city grapples with weaker property values and the fallout from US-China trade tensions, leading to a more modest range of budget handouts than last year. The economy will grow by 2 percent to 3 percent, Hong Kong Financial Secretary Paul Chan said, after the 3 percent pace ...

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