November, 2018

• 3 November

  Dubai real estate brokers earn AED842 million commissions

  Dubai / WAM The Dubai Land Department (DLD), announced that the real estate brokerage commissions reached AED842 million during the first nine months of 2018. Brokers contributed to concluding 18,121 transactions in that period, the Department added. A report issued by the Department of Real Estate Studies and Research at DLD shows that brokers earned AED429 million from land sales, ...

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• 3 November

  UAE to launch unified customs strategy today

  ABU DHABI / WAM The UAE will on Sunday launch the Unified Customs Strategy, announced Ali Al Kaabi, Customs Commissioner and Head of the Federal Customs Authority. Al Kaabi said the strategy aims to support the country’s security and customs systems, maintain community security and stability and improve the UAE’s rankings in the international competitiveness indexes. He stated that the ...

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• 3 November

  ICFM to tackle automotive sector’s opportunities, challenges

  ABU DHABI / WAM The 4th International Conference on Future Mobility (ICFM), will be held in Abu Dhabi on Tuesday, featuring a world-class team of experts in the automotive industry and technologies. More than 450 experts and professionals are expected to represent more than 175 government and private institutions from 18 countries at the event. The conference and its accompanying ...

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• 3 November

  N Korea warns to resume nuke programme, slams sanctions

  

  Bloomberg North Korea stepped up its attack on US-led sanctions, threatening to resume its nuclear program if the measures aren’t lifted. The Foreign Ministry’s Institute for American Studies said it could revive its policy of economic construction and nuclear development if sanctions continue. The US “had better stop the self-destructive act of putting pressure” on the North, the Korean Central ...

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• 3 November

  US military won’t shoot rock-throwing migrants, says Trump

  

  Bloomberg President Donald Trump said that soldiers sent to fortify the US border with Mexico won’t shoot migrants if they throw rocks at Americans, a reversal from remarks he made a day earlier. Migrants trying to enter the US will instead be quickly arrested if they’re violent, he said as he departed the White House for a campaign rally in ...

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• 3 November

  Trump: US open to new Iran deal as sanctions set to return

  

  Bloomberg President Donald Trump said the US remains open to reaching a comprehensive deal with Iran that blocks its nuclear-weapons programme, just days before sanctions on the country’s energy and shipping sectors kick back in. “Our objective is to force the regime into a clear choice,” Trump said in a statement released by the White House on Friday evening, referencing ...

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• 3 November

  Brexit silence can’t hide hints of ‘deal’

  

  Bloomberg A cloak of secrecy surrounds the negotiations on the UK’s exit from the European Union. Neither side has reported in any detail what’s going on behind closed doors in Brussels since Prime Minister Theresa May updated Parliament on October 22. But the lack of public comment doesn’t mean nothing’s happening. British and European negotiators are locked away trying to ...

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• 3 November

  US raises support for West Africa force fighting extremists

  Bloomberg The US almost doubled its pledge for the financial support of a West African force that began deploying last year to fight a surge in militant attacks. Assistance to the force that’s known as G5 Sahel will now total $111 million, from an initial pledge of $60 million made in October 2017, Samantha Reho, a spokeswoman for the US ...

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• 3 November

  Exxon, Chevron surprise Wall Street as Permian lifts results

  

  Bloomberg Exxon Mobil Corp. and Chevron Corp. delivered their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude. Both companies reported double-digit production increases in the Permian Basin, the shale region in Texas and New Mexico that’s propelling total US oil output to an all-time high. ...

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• 3 November

  Suncor CEO goes on defensive over lagging Canadian oil

  

  Bloomberg Sounds like Suncor Energy Inc.’s top executive is getting tired of analysts asking questions about lagging Canadian oil prices. On the company’s earnings call, Steve Williams was met with a slew of inquiries about how Western Canadian crude’s growing gap to US barrels is affecting his company. His answer: For the most part, it’s not. That’s a response he ...

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