January, 2019

• 7 January

  $2.4 trillion worth of construction projects a boost for wood industry

  

  Dubai / WAM The wood industry in the UAE is expected to boom over the next two years as the country ramps up construction activities ahead of the Expo 2020 Dubai. The wood and woodworking machinery industry will be impacted from the massive construction projects being executed as part of the build-up for the Expo 2020 Dubai. The large-scale event ...

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• 7 January

  Emirati exhibition in Brussels to reflect UAE’s values and principles

  BRUSSELS / WAM The Emirates Red Crescent (ERC), will organise an exhibition, titled, “From Humanitarian Aid to Stability.” The three-day exhibition, which aims to highlight the humanitarian and development aid provided by the UAE to many countries, in coordination with the Federal National Council (FNC), will be held in Brussels starting Wednesday, at the headquarters of the European Parliament. The ...

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• 7 January

  Dubai launches smart app for real estate valuators

  

  Dubai / WAM The Real Estate Regulatory Authority (RERA), at Dubai Land Department (DLD), announced the launch of the smart application for real estate valuators ‘Taqyimee’, which will have a positive impact on the real estate valuation activities in the Emirate. The launch was attended by Sultan Butti bin Mejren, Director-General of DLD; Marwan bin Ghalita, CEO of RERA; and ...

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• 7 January

  Record number of participants at Navdex 2019

  

  Abu Dhabi / Emirates Business The next edition of Navdex 2019, held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Supreme Commander of the Armed Forces, will witness a record number of international and local participant companies specialised in the maritime defence industry. Held at the Abu Dhabi National Exhibition Centre ...

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• 7 January

  Eskom to extend job cuts beyond top-tier executives

  

  Bloomberg Eskom Holdings SOC Ltd will extend its strategy of trimming top executive positions to include lower ranking managers and finally the general workforce as South Africa’s cash-strapped power utility looks to cut costs, according to a person familiar with the plans. The state-owned company last month reduced its highest executive structure to nine positions from 21 by regrading and ...

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• 7 January

  Goldman slashes oil price forecasts

  Bloomberg Goldman Sachs Group Inc cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient US shale production. Global benchmark Brent crude will average $62.50 a barrel this year, analysts including Damien Courvalin said in a January 6 note, down from a previous estimate of $70. US marker West Texas Intermediate will average $55.50 a barrel, down ...

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• 7 January

  Trump may try to suppress key part of Mueller’s findings

  

  Bloomberg The White House may try to block portions of Special Counsel Robert Mueller’s final report from being shared with Congress and the public in a fight that could end up before the Supreme Court. Mueller may submit his findings on Russian interference in the 2016 presidential campaign to the Justice Department as early as February, according to one US ...

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• 7 January

  Trump, Kim likely to choose Hanoi for second summit

  

  Bloomberg US President Donald Trump and North Korean leader Kim Jong Un could meet in Vietnam’s capital for their second summit on Pyongyang’s nuclear ambitions, the South Korean newspaper Munhwa Ilbo said. Denuclearisation talks have sputtered since Trump and Kim held an unprecedented June meeting in Singapore, with Washington and Pyongyang each calling on the other to take action. A ...

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• 7 January

  Risks mount for Modi as parties team up

  

  Bloomberg Two powerful regional politicians are teaming up in India’s most populous state to take on the country’s ruling party ahead of national elections, in a move that complicates Prime Minister Narendra Modi’s push for a second term in office. The leaders of the Samajwadi Party and Bahujan Samaj Party have decided “in principle” to unite to contest the polls ...

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• 7 January

  Gabon foils coup by army mutineers

  Bloomberg Gabonese authorities said they put down an attempted coup by a group of mutineering soldiers who’d seized control of the national broadcaster and vowed to “save a democracy in danger.” Communication Minister Guy-Bertrand Mapangou told Radio France Internationale that order had been restored, and the capital, Libreville, was largely quiet. His statement came hours after Ondo Obiang Kelly, an ...

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