January, 2019

• 21 January

  EGA achieves record AED70mn in savings

  

  ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Monday announced that it achieved cost savings of AED70 million in 2018 through employee suggestions and continuous improvement projects, the highest ever in a year since the programme began in 1981. Commenting on the results, Abdulla Kalban, Managing ...

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• 21 January

  Dubai to host region’s biggest dental event in February

  

  DUBAI / WAM Under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and President of Dubai Health Authority, the 23rd edition of the UAE International Dental Conference and Arab Dental Exhibition – AEEDC Dubai, the largest dental event of its kind in the Menasa region and the second largest in ...

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• 21 January

  Canadian oil price surge fails to lift producers out of doldrums

  

  Bloomberg Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help. Since the production curtailment was unveiled early last month, Western Canadian Select crude has almost doubled to about $43 a barrel, narrowing its discount to benchmark US oil to ...

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• 21 January

  EU faces split over delaying Brexit by a year, say diplomats

  

  Bloomberg European Union governments disagree over how long they think the UK should delay Brexit, with some pushing for an extension of as much as a year, diplomats said. While some countries think the EU should offer Britain a generous period to negotiate a deal that will win the backing of Parliament, possibly after a second referendum, others oppose a ...

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• 21 January

  10 UN peacekeepers killed in Mali attack

  

  Bloomberg Militants operating in northern Mali killed 10 Chadian soldiers and injured 25 others in one of the deadliest attacks on the United Nation’s peacekeeping mission in the west African nation. An unknown number of assailants in armed vehicles struck the base in Aguelhok in northern Mali, according to a statement from the local UN peacekeeping mission. Peacekeepers pursued the ...

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• 21 January

  Chinese president calls for political stability

  Bloomberg President Xi Jinping stressed the need to maintain political stability in a rare meeting of China’s top leaders — a fresh sign the ruling party was growing concerned about the social implications of the slowing economy. Xi told a “seminar” of top provincial leaders and ministers in Beijing that the Communist Party needed a greater sense of urgency “to ...

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• 21 January

  Trump, Democrats inch closer amid ‘shutdown sniping’

  

  Bloomberg Donald Trump and senior Democrats took their first steps towards a possible compromise deal on immigration and border security over the weekend, even as the president ramped up his feud with Speaker Nancy Pelosi with the government shutdown in its fifth week. It’s not clear whether Trump’s olive branch will yield fruitful negotiations, given that Democrats want the government ...

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• 21 January

  Putin takes hard line on Japan island row

  

  Bloomberg As Japanese Prime Minister Shinzo Abe heads for talks in Moscow this week in hopes of resolving a 70-year-old dispute over four small islands, President Vladimir Putin is showing him a deal won’t be painless. While Abe has pushed for progress in a dispute that has prevented the countries from formally ending their World War II hostilities, Russian rhetoric ...

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• 21 January

  Insurgents plan attacks in Nigeria, says minister

  Bloomberg Nigeria’s government has evidence that Boko Haram extremists as well as armed bandits are planning to carry out attacks across the nation ahead of elections next month, Information Minister Lai Mohammed said. “We have credible intelligence that armed bandits and Boko Haram insurgents have been mobilised to engage in massive attacks and other acts of violence in several states ...

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• 21 January

  Europe stocks, S&P futures dip on mixed trade news

  

  Bloomberg European stocks and US equity futures slipped on Monday while Asian markets posted modest gains as investors assessed the latest headlines on the economy and trade. The dollar was steady, while bonds in Europe were mixed. The Stoxx Europe 600 Index was on course for its first drop in five days, tracking S&P 500 futures lower on what is ...

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