March, 2019

• 5 March

  Ministry issues circular on draft general budget for 2020

  

  Dubai / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, issued the financial circular No. (10) for 2019 on the preparation of the draft general budget of the federation for the fiscal year 2020. This year is the fourth of the five-year plan for 2017-2021, and the circular set March 22 ...

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• 5 March

  Guaido warns supporters of long struggle for democracy

  

  Bloomberg Nine days after Juan Guaido’s attempt to spark a military rebellion with deliveries of humanitarian aid to Venezuela, he returned to acknowledge failure and warn supporters they face a long struggle for democracy. “Can we call February 23 a success? Obviously not,” Guaido told supporters at a Caracas rally. “The world will help us, but it is up to ...

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• 5 March

  Rwanda brings arrests, torture charges against Uganda as rift deepens

  

  Bloomberg Rwanda accused Uganda of arresting and torturing 190 Rwandan citizens during the past couple of years, the latest allegations in a growing diplomatic dispute between the two African neighbors. Uganda has also deported 986 Rwandan citizens, Rwandan Foreign Minister Richard Sezibera told reporters in the capital, Kigali. His comments come after the government warned Rwandans during the weekend against ...

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• 5 March

  Democrats’ Trump probe deepens with document demands

  

  Bloomberg House Judiciary Chairman Jerrold Nadler escalated Democrats’ investigations of Donald Trump with sweeping demands for information from scores of people on topics including the administration’s activities, the president’s business and his potential ties to Russia. The New York City congressman’s probe includes allegations of obstruction of justice, public corruption and other abuses of power and touches on many of ...

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• 5 March

  Macron, Bolsonaro stir Ukraine’s Zelenski

  

  Bloomberg French President Emmanuel Macron and Brazilian leader Jair Bolsonaro are role models for the unexpected frontrunner in the race for Ukraine’s presidency, Volodymyr Zelenskiy, who sees a kinship with them as bold newcomers to politics. Zelenskiy, a comedian-turned-producer, doubled his support in opinion polls since announcing his bid on December 31. With his lead holding up ahead of incumbent ...

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• 5 March

  Macron wants EU agency to stop election-meddling

  Bloomberg With the European Union heading into a series of critical elections, French leader Emmanuel Macron sounded the alarm about foreign interference and called for the formation of an EU-wide body to protect voting from “cyber-attacks and manipulations.” The creation of such an agency to counter fake news is the first proposal of its kind and came in a 1,600-word ...

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• 5 March

  Thailand to build largest floating solar farms

  

  Bloomberg Thailand plans to build the world’s largest floating solar farms to pow-er Southeast Asia’s second-largest economy and to boost the country’s share of clean energy. State-run Electricity Generating Authority of Thailand will float 16 solar farms with a combined capacity of more than 2.7 gigawatts in nine of its hydroelectric dam reservoirs by 2037, said Thepparat Theppitak, a deputy ...

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• 5 March

  Libya’s biggest oil field restarts

  

  Bloomberg Libya’s biggest oil field resumed production. Sharara resumed production and is expected to reach 80,000 barrels in one day, according to people with knowledge of the matter who asked not to be identified because they aren’t authorized to speak to the media. Regular output will be fully restored in the coming days, now that the site has been re-secured ...

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• 5 March

  China lowers growth target, cuts taxes as economy slows

  

  Bloomberg China lowered its goal for economic growth and announced a major tax cut, as policymakers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the US. The gross domestic product (GDP) growth target released on Tuesday morning in Premier Li Keqiang’s annual work report to the National People’s Congress was ...

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• 5 March

  SoftBank raises $3b loan to help bridge funding gaps in deals

  

  Bloomberg SoftBank Group Corp.’s Vision Fund raised a $3 billion loan from banks including Goldman Sachs Group Inc. to help bridge funding gaps in deals, according to two people with knowledge of the matter. Goldman Sachs along with Mizuho Financial Group Inc. led the so-called capital call facility, said the people, asking not to be identified because the information is ...

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