November, 2018

• 21 November

  Sheraa signs deal to develop entrepreneurship ecosystem

  

  Sharjah / Emirates Business Continuing to play a key role in educating, guiding and supporting new entrepreneurs across the emirate, the Sharjah Entrepreneurship Center (Sheraa) and Sharjah Chamber of Commerce and Industry (SCCI), have signed a Memorandum of Understanding (MoU) to further develop the entrepreneurship ecosystem. The MoU, signed by HE Najla Al-Midfa, CEO of Sheraa, and HEAbdallah Sultan Al ...

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• 21 November

  Albwardy Damen opens new shipbuilding facility in DMC

  

  DUBAI / Emirates Business Albwardy Marine Engineering, founded in Al Jadaf in 1978 by Ali Albwardy, celebrated its 40th anniversary in the UAE along with its 10th anniversary for a successful joint venture with the Dutch shipyards ‘Damen’. Albwardy Damen, a joint venture providing shipbuilding and ship repair services to the marine and oil and gas related industries in the ...

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• 21 November

  Adnoc to introduce Kumon method in two schools

  Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced that it has signed a partnership agreement with Japan Oil Development Co. Ltd. (JODCO) and the Kumon Institute of Education (KIE) to pilot the highly successful Kumon Method of learning mathematics in two Adnoc Schools in Abu Dhabi. The world-renowned Kumon method was pioneered in Japan and guides ...

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• 21 November

  Merkel warns UK it can’t dictate Brexit terms to EU

  

  Bloomberg German Chancellor Angela Merkel warned the UK it can’t set unilateral terms for leaving the European Union as Prime Minister Theresa May heads to Brussels to try to complete a contentious Brexit deal. Addressing lower-house lawmakers in Berlin, Merkel gave short shrift to Brexit while rattling off domestic achievements, pleading for stronger bonds between EU nations and criticising go-it-alone ...

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• 21 November

  US warships allowed to visit Hong Kong

  

  Bloomberg A trio of US naval vessels anchored in Hong Kong on Wednesday, the first US naval ships to harbour in the city since China barred entry to another American ship in September, in a sign of easing military tensions between the two powers. The aircraft carrier USS Ronald Reagan, guided-missile cruiser USS Chancellorsville, and guided-missile destroyer USS Curtis D. ...

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• 21 November

  Russian Interpol hopes crushed as South Korean Kim Jong Yang elected president

  

  Bloomberg Interpol delegates elected South Korean Kim Jong Yang as the new president of the global policing body after international criticism of the possibility that rival Russian candidate Aleksander Prokopchuk might get the job. Kim was selected in a snap election organised at Interpol’s general assembly in Dubai following the arrest in China of former president Meng Hongwei last month. ...

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• 21 November

  Zuma lied to, misled cabinet, says Gordhan

  

  Bloomberg Former South African Finance Minister Pravin Gordhan said there was a deliberate scheme to loot taxpayer funds during Jacob Zuma’s rule and accused the former president of helping facilitate it and lying to and misleading members of his cabinet. Gordhan, who now oversees state companies, was testifying before a judicial panel that’s investigating claims that members of the Gupta ...

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• 21 November

  Job opening for Trump’s defender-in-chief ignites jockeying

  

  Bloomberg At least three Republicans are jockeying to serve as President Donald Trump’s first line of defense against any effort by House Democrats to seek his impeachment, a job that that carries high risk and narrow rewards. The position: top GOP seat on the House Judiciary Committee, which could investigate whether there are grounds to remove Trump from office. The ...

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• 21 November

  US stocks rally, technology surges after steep decline

  

  Bloomberg US stocks climbed on tech strength, trimming recent losses from the sharp declines across asset classes during Tuesday’s session. Treasuries erased a drop and the dollar fell amid speculation the Federal Reserve may soften its policy stance. All major benchmarks were higher, with the Nasdaq 100 Index leading gainers and erasing more than half of Tuesday’s decline. Retailers and ...

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• 21 November

  Dot-com ghosts still haunt emerging stocks as tech profit stalls

  

  Bloomberg The deepest bear market since the financial crisis in developing-nation technology stocks probably has further to run as earnings disappoint and analysts slash their profit estimates. Companies in the MSCI emerging-market tech gauge are missing earnings forecasts for the first time in almost 18 months, based on 12-month rolling data. Combined with deepening trade tensions, that’s leading analysts to ...

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