November, 2018

• 24 November

  South Africa raises rate first time since 2016

  Bloomberg The South African Reserve Bank increased its benchmark interest rate for the first time in more than two years as it sees inflation risks remaining elevated. The Monetary Policy Committee voted to raise the benchmark repurchase rate to 6.75 percent from 6.5 percent. Of the six panel members, half preferred the increase and the rest favored an unchanged stance, ...

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• 24 November

  ECB officials warn of damage to Italy from fiscal fighting

  

  Bloomberg European Central Bank officials warned that uncertainty and tension over Italy’s expansive budget risk causing damage to the country’s economy in the long-run. “Italy’s current financing conditions are much too tight for a country with weak growth and low inflation,” ECB Chief Economist Peter Praet told Handelsblatt in an interview. Italian central bank Governor Ignazio Visco urged his government ...

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• 21 November

  Dana Gas ramps up gas output in Kurdish field

  

  ABU DHABI / WAM Dana Gas, the Middle East’s leading publicly-listed regional natural gas company, and its partner Crescent Petroleum, have announced achievement of a 30% increase in production capacity at the Khor Mor field in the Kurdistan Region of Iraq, which the companies jointly operate on behalf of Pearl Petroleum. This increase delivers much-needed gas supply to fuel power ...

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• 21 November

  Oil rebounds as US crude stockpiles drop

  

  Bloomberg Oil recovered from a one-year low as industry data showing a drop in US crude inventories allayed some of the concern that a new surplus is amassing in global markets. Futures in New York rose as much as 2.7 percent after plunging more than 6 percent. The American Petroleum Institute was said to report a 1.55 million-barrel drop in ...

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• 21 November

  China is continuing IP theft: US

  

  Bloomberg The US accused China of continuing a state-backed campaign of intellectual property (IP) and technology theft as the World Trade Organization (WTO) said it would establish a dispute panel to rule on the complaint. The new accusations came in a detailed 53-page report released by US Trade Representative Robert Lighthizer’s office just 10 days before President Donald Trump is ...

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• 21 November

  Mohamed, French president discuss stronger relations

  

  Paris / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has emphasised that the UAE and France are partners in the fight against extremism and terrorism, support values of tolerance, promote dialogue, interaction and coexistence among peoples, civilisations and cultures, reject intolerance and hatred, and ...

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• 21 November

  ‘Sheikh Zayed and Europe: a Journey’ exhibition on Nov 25

  

  Abu Dhabi / WAM Under the patronage of Ministry of Foreign Affairs and International Cooperation, the delegation of the European Union to the UAE, is organising an exhibition titled ‘Sheikh Zayed and Europe: a Journey’ in celebration of the Year of Zayed. The exhibition will take place at The Founder’s Memorial Abu Dhabi Corniche, on November 25 until December 31 ...

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• 21 November

  ERC restores school in Taiz

  Abu Dhabi / WAM The Emirates Red Crescent (ERC), re-launched Al Khansaa School in Al Wazi’iyah District, Taiz Governorate, after it was restored and furnished. The launch of the school, which has 1,200 students, was attended by Mohammed Al Qamzi, ERC Representative, Mohammed Ali Al Dharafi, Director of Education in Al Wazi’iyah District, Mohammed Qassim, Principal of the School, and ...

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• 21 November

  ADM announces launch of its ‘renew farm licence’ online hub

  

  Dubai / wam The Department of Urban Planning and Municipalities at the Abu Dhabi City Municipality has announced the launch of its “Renew Farm Licence” online hub, as part of its digital transformation of municipal services. The technology committee at the Department of Urban Planning and Municipalities is progressing ahead with the digital with the aim of achieving 100 percent ...

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• 21 November

  ‘Strategic planning one of the main pillars of UAE’s development’

  Sharjah / WAM HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council, attended the fifth session of UAE Economic Planning Forum “UAE EPF” on Wednesday. The forum was held in Al ...

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