January, 2019

• 27 January

  UAE’s non-oil foreign trade hits AED1.2trn in 9 months

  

  Abu Dhabi / WAM The UAE’s non-oil foreign trade has achieved remarkable growth in re-exports by 5 percent during the first nine of 2018, compared to the same period last year, in a move that reflects the high competitive advantage of the re-export activity in UAE, and its global standing in this field, according to preliminary statistical data of the ...

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• 27 January

  Saudi Arabia set to launch $425bn infrastructure plan

  

  Bloomberg Saudi Crown Prince Mohammed bin Salman, who’s already embarked on the biggest overhaul of the Saudi economy in its modern history, is preparing to roll out details of a sweeping plan to develop infrastructure and industry across the Middle East’s biggest country by area. Saudi Arabia is seeking 1.6 trillion riyals ($425 billion) of investment in railways, airports and ...

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• 27 January

  Strata delivers 1st shipset for PC-24 jet

  

  AL AIN / WAM Strata Manufacturing, the advanced composite aero structures manufacturing company, wholly-owned by Mubadala Investment Company, is celebrating delivery of its first shipset of belly fairings for the PC-24, a twin-engine business jet produced by Pilatus Aircraft of Switzerland. The delivery of the first shipset follows the two companies’ landmark agreement signed during Abu Dhabi Global Aerospace Summit ...

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• 27 January

  UAE broadcasters lead $16bn media innovation industry

  

  Dubai / WAM UAE broadcasters are leading innovation in the world’s $16 billion digital media and entertainment market, optimising how customers experience content on any device at any time, according to Condo Protego, a UAE-based IT infrastructure and information management consultancy. Media free zones — such as Dubai Production City, Dubai Media City and Dubai Studio City, and TwoFour54 in ...

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• 27 January

  WTO likely to probe Trump’s China tariffs

  Bloomberg Tensions between the US and China are about to get more complicated, with the World Trade Organization poised to begin an investigation into President Donald Trump’s tariffs on $250 billion of Chinese goods. On Monday, the Geneva-based arbiter of trade disputes will likely launch an inquiry into whether the US duties run afoul of a requirement that all WTO ...

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• 27 January

  UAE’s experience in tackling e-waste highlighted on global stage

  

  DAVOS / WAM On the sidelines of the UAE delegation’s participation in the 49th session of the World Economic Forum in Davos, Switzerland, Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, participated in a panel discussion on ‘Closing the Loop on Electronics’. The session tackled the issue of electronic waste and provided recommendations on implementing public-private ...

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• 27 January

  FTA launches consumer awareness campaign

  

  DUBAI / WAM The Federal Tax Authority (FTA) announced the launch of a new field campaign to engage business and consumers in the local markets and raise awareness about the legal standards that must exist when issuing tax invoices. Organised to cover all emirates, the campaign will run throughout Q1 of 2019, under the slogan ‘Tax Invoices: Your Right and ...

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• 27 January

  76 firms in HFZ win Superbrands 2018 Awards

  

  SHARJAH / WAM Seventy six companies operating in the Hamriyah Free Zone (HFZ) have won various categories of the Superbrands UAE 2018 Award, which is awarded by the Superbrands Worldwide organisation, an independent authority that specializes in assessing and highlighting branding excellence around the world. The number of companies operating in the Hamriyah Free Zone that won the award increased ...

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• 27 January

  Dubai Cares, WEF to boost future skills for 15mn people by 2021

  

  DUBAI / WAM Dubai Cares, part of the Mohammed bin Rashid Al Maktoum Global Initiatives, announced a new strategic partnership with the World Economic Forum (WEF) during its annual meeting in Davos, to support the reskilling revolution, in a bid to provide skills to 15 million people by 2021. Dubai Cares’ $1.5 million in funding will be equally allocated to ...

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• 27 January

  UAE cabinet reviews progress of the Emirati School Model

  

  ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, reviewed the progress of the Emirati School Model. The meeting was also attended by His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the ...

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