January, 2019

• 15 January

  1mn people visit Dubai Frame in first year

  

  Dubai / WAM Dubai Frame has attracted the attention of a large number of visitors to Dubai, as it received a million visitors from around the world during its first year of opening. “The Dubai Frame comes from the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to establish Dubai ...

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• 15 January

  Adnoc among five lowest GHG emitters in oil, gas sector

  Abu Dhabi / WAM As global oil consumption crosses the 100-million-barrels-per-day mark, the Abu Dhabi National Oil Company (Adnoc) is reinforcing its leadership role and commitment to environmental stewardship, as it strengthens its position as one of the oil and gas industry’s lowest emitters of greenhouse gases (GHG). While addressing rising global energy demand, Adnoc is investing in new measures ...

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• 15 January

  Pompeo Mideast trip fails to ease questions over US goals

  

  Bloomberg Secretary of State Michael Pompeo arrived in the Middle East a week ago on a mission to prove the Trump administration can be a reliable partner in tackling the region’s thorniest problems. He returns having failed to stifle doubts that have dogged the US for years. With stops in eight countries in eight days, Pompeo sought to hammer home ...

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• 15 January

  South Korea drops enemy tag for North

  

  Bloomberg South Korea dropped a reference to North Korea as its “enemy” in a Defense Ministry white paper for the first time since 2010, reflecting warming ties between the neighbours still technically at war. In a report released on Tuesday, the ministry said that North Korea’s weapons of mass destruction remained a threat to “peace and security on the Korean ...

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• 15 January

  ‘Fragile’ Modi set to lose India polls, says oppn lawmaker

  

  Bloomberg The opposition leader who delivered the biggest blow to Narendra Modi’s ruling party in five years has vowed to replicate recent state-level victories in India’s upcoming general poll. India’s main opposition Congress party scored its biggest win yet against Modi when it turfed his Bharatiya Janata Party from three state governments in December elections. Congress lawmaker and Wharton alumni ...

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• 15 January

  Brexit ‘will be delayed’, say diplomats

  

  Bloomberg British and European Union diplomats are now working on the assumption that the UK will leave the bloc later than the planned exit date of March 29 if PM Theresa May loses Tuesday’s Brexit deal vote in Parliament. Officials dealing with Brexit for the UK and EU are separately preparing for the possibility, even though there have been no ...

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• 15 January

  Al-Qaeda group claims Kenya attack; three dead

  Bloomberg Al-Qaeda-linked militants said they were behind an ongoing attack on an upmarket hotel and office complex in Kenya’s capital that local media report claimed at least three lives. Gunmen stormed the complex at 14 Riverside Drive in Nairobi, which houses a Dusit Hotels & Resorts Co outlet, restaurants, banking facilities and offices, police Inspector-General Joseph Boinnet said in a ...

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• 15 January

  Technology stocks gain as Beijing combats slowdown

  

  Bloomberg Technology shares pushed major indexes higher after China ratcheted up stimulus measures to combat slowing growth. Treasuries and the dollar advanced. The S&P 500 rose for the first time in three sessions as senior Chinese officials vowed to cut taxes to boost the economy, lifting technology companies battered by concerns about the rising impact of the US-China trade war. ...

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• 15 January

  China’s yuan heads for six-month high

  

  Bloomberg China’s yuan is shrugging off poor economic data to head for its strongest level in six months, but the gains are coming so fast they’re casting uncertainty over the rally’s longevity. The currency rose as much as 0.42 percent to 6.7383 per dollar on Tuesday, in line for its highest close since July. It has rallied 1.8 percent this ...

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• 15 January

  India stocks gain as low inflation kindles hopes

  Bloomberg Indian stocks rose, joining peers across Asia, as inflation in December eased to an 18-month low, increasing the odds that the central bank may reduce rates helping revive demand and lower the cost of borrowing for companies. The S&P BSE Sensex advanced 1.3 percent to 36,318.33 at the close in Mumbai, snapping three sessions of decline and clocking its ...

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