January, 2019

• 30 January

  May wins backing to reopen Brexit deal

  

  Bloomberg British Prime Minister Theresa May promised to renegotiate the most contentious part of her Brexit deal after it was ripped up by Parliament. She will now head to Brussels to face European Union officials who have already warned they won’t even consider her demands, with the threat of economic chaos still looming over her country. In a series of ...

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• 30 January

  Salvini faces pressure to force early election

  Bloomberg Italian Deputy Prime Minister Matteo Salvini is facing pressure to force an early election this year from lieutenants frustrated by dealing with an unruly coalition partner. Several senior members of Salvini’s League are urging their chief to capitalize on a growing lead in opinion polls to ditch the anti-establishment Five Star Movement which is hampering their efforts to deliver ...

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• 30 January

  Military revival in Latam stirs unease over past abuses

  

  Bloomberg With the world anxiously waiting to see whether the Venezuelan military throws its weight behind interim leader Juan Guaido, the role of the armed forces in Latin America has been regaining prominence. After decades of democratization, with soldiers largely confined to barracks and borders, Latin American governments are turning to the military to run ministries, oversee state projects and ...

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• 30 January

  US equity futures, European stocks advance; dollar drifts

  

  Bloomberg US equity futures and European stocks advanced on Wednesday, as the latest batch of corporate earnings helped steady investor nerves while they await the Federal Reserve rate decision and any developments on trade. Treasury yields ticked up as the dollar drifted. Contracts across the S&P 500, Nasdaq and Dow Jones indexes all rose amid a slew of results from ...

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• 30 January

  Foreigners buy $7.8bn of Chinese stocks in Jan

  

  Bloomberg Foreign investors are piling into Chinese stocks after a dismal 2018 for the country’s equity market. They’ve bought 52 billion yuan ($7.8 billion) of A shares via trading connects in Shanghai and Shenzhen this January, putting it on course to be the biggest month for inflows since the second exchange link with Hong Kong opened in late 2016, Bloomberg ...

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• 30 January

  ERC grows international humanitarian activities, says Hamdan bin Zayed

  

  Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), stated that the ERC has expanded its international humanitarian activities, due to the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan. He made this statement to mark the 36th anniversary of ...

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• 30 January

  International education show opens in Sharjah

  

  Sharjah / WAM The UAE’s education market is set to grow from $4.4 billion in 2017 to $7.1 billion by 2023, according to a recent study by Boston Consulting Group. The rising participation of educational institutions and increasing student footfalls at the 15th International Education Show 2019 at Expo Centre Sharjah reflect a booming education sector in the country that ...

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• 30 January

  ADFD implements COSO Internal Control Framework in its operations

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), on Wednesday announced the full implementation of the Committee of Sponsoring Organisations of the Treadway Commission (COSO), Internal Control Framework in its operations. As the first government institution in the emirate of Abu Dhabi to roll out the effective system, ADFD confirmed that the framework will help enhance its monitoring and ...

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• 30 January

  UAE funds four water pumping stations in Sudan

  KASSALA / WAM The UAE implemented four water pumping stations west of the Sudanese State of Kassala and signed contracts with the state government to drill 10 water wells, with work underway to establish additional pumping stations fed by Atbara River to address the severe drinking water crisis. The Abu Dhabi Crown Prince Court is funding the developmental projects as ...

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• 30 January

  Sharjah Islamic Bank net profit surges 7%

  

  SHARJAH / WAM Sharjah Islamic Bank (SIB), achieved good results for the full year of 2018 and declared a net profit of AED510.4 million compared to AED477.7 million reported in 2017, showing an increase of 7 percent. An 8 percent cash dividend is proposed for the shareholders. These results reflect the success of the bank’s strategy to achieve steady and ...

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