January, 2019

• 29 January

  Fight over Nigeria chief justice reaches top court

  Bloomberg Nigeria’s Senate asked the Supreme Court to rule on whether President Muhammadu Buhari breached the constitution by suspending Chief Justice Walter Onnoghen, stoking political tensions in the West African nation just weeks before a general election. The case marks a key legal test to Onnoghen’s ouster last week that’s sparked condemnation from the opposition and legal community because the ...

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• 29 January

  May losing Brexit control despite gamble on backstop

  

  Bloomberg Theresa May faces losing control of Brexit to Parliament on Tuesday in a series of crucial votes that will shape Britain’s split from the European Union. Despite a last minute gamble aimed at buying off rebels in her Conservative Party, the prime minister was expected to face a knife-edge battle to block a proposal that would hand Parliament the ...

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• 29 January

  UAE, Saudi to launch common digital currency called ‘Aber’

  

  Abu Dhabi / WAM The United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (Sama) on Tuesday announced in a joint statement the launch of the common digital currency project ‘Aber’, which will be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies. This comes under the framework of ‘Proof-of-Concept’, which can ...

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• 29 January

  UAE files WTO case against Qatar over goods ban

  Abu Dhabi / WAM The Government of the United Arab Emirates announced on Tuesday that it initiated World Trade Organisation (WTO), dispute-settlement proceedings against Qatar following its ban of the sale of UAE products in Qatari markets. The move comes following the Qatari Ministry of Economy’s ban on the sale of consumer goods manufactured in the UAE, Saudi Arabia, Bahrain and ...

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• 29 January

  DLD launches its real estate promotion plan

  

  Dubai / WAM Dubai Land Department (DLD) launched its real estate promotion plan for the Real Estate Investment Promotion Investment Management Sector during a press conference held on Tuesday in presence of HE Sultan Butti bin Mejren, Director General of DLD. During the conference, Majida Ali Rashid, CEO of the Real Estate Investment Promotion Investment Management Sector at DLD, discussed ...

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• 29 January

  Sharjah Executive Council approves 816 beneficiaries for housing grants

  

  Sharjah / WAM Sharjah’s Executive Council on Tuesday approved the first list of 816 beneficiaries who could turn their housing loans into grants, at its weekly meeting chaired by HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council. On the directives of His Highness Dr. Sheikh ...

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• 29 January

  Smart Health Track project launched

  Abu Dhabi / WAM The Ministry of Health and Prevention (MOHAP), announced the launch of ‘Smart Health Track’, a new smart services initiative in collaboration with the General Directorate of Residency and Foreigners Affairs- Dubai (GDRFA). Smart Gates at Dubai Airports will be equipped with thermal cameras capable of detecting passengers’ body temperature by scanning their face and body thermal print. Data ...

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• 29 January

  Jafza unveils plans to increase FDI in healthcare sector

  

  Dubai / WAM Jebel Ali Free Zone (Jafza), affiliated with DP World UAE Region – participated at Arab Health 2019, where it highlighted prospects for global healthcare majors in the region. The free zone is home to more than 160 healthcare and pharmaceutical companies from over 38 countries and accounted for over 30 percent of Dubai’s total trade value for ...

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• 29 January

  Bolton hints Trump may send troops to Maduro’s neighbour

  

  Bloomberg Venezuelan leader Nicolas Maduro may wonder whether President Donald Trump is trying to rattle him. On Monday, White House National Security Adviser John Bolton entered a press briefing on new Venezuela sanctions with a yellow legal pad, accidentally — or not —turned to face gathered reporters and photographers. On the pad appeared a hand-written note: “Afghanistan —welcome the talks. ...

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• 29 January

  US stocks mixed ahead of China trade talks; oil gains

  

  Bloomberg US equities were mixed following gains in Europe as investors weighed the latest corporate earnings and the chances of a trade breakthrough between the world’s biggest economies. Industrial companies led advances as 3M Co struck an optimistic tone after reporting a profit that beat estimates, while technology stocks dragged on major US indexes. Almost all sectors climbed in the ...

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