October, 2018

• 1 October

  UAE federal budget invests in nation’s most cherished assets

  ABU DHABI / WAM The UAE federal budget over the coming three years carries forward a profound message that reaffirms the government’s unswerving determination to forge ahead with its ambitious developmental and investment strategy with the ultimate goal of ensuring the well-being of our human capital, being the core and crux of our comprehensive developmental drive. Approved by the Cabinet ...

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• 1 October

  US, Canada reach trade deal to replace Nafta

  

  Bloomberg The US and Canada have agreed on a trade deal that would save the North American Free Trade Agreement as a trilateral bloc, according to three people familiar with the matter. US and Canadian negotiators worked around the clock to secure an agreement, allowing leaders from those nations and Mexico to sign the accord by late November. The 24-year-old ...

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• 1 October

  Top companies ink deals with innovative start-ups

  

  DUBAI / WAM Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry, announced the signing of several deals among three UAE-based companies, namely Emirates NBD, Nikai Group, and Sanofi, and start-ups that were selected as winners of the Market Access programme’s second cycle. A total of four memoranda of understanding (MoUs), were unveiled during a deal-signing ...

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• 1 October

  UAE, Singapore to boost maritime cooperation

  ABU DHABI / WAM Ahmed Mohammed Sharif Al Khouri, Director-General of the Federal Transport Authority – Land and Maritime (FTA), on Monday received Samuel Tan, Ambassador of Singapore to the UAE, and discussed the means of strengthening the cooperation between both sides and exchanging expertise, especially in the land and maritime sectors, as well as benefitting from the latest practices. ...

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• 1 October

  World growth outlook dimming as trade war escalates: Lagarde

  

  Bloomberg The International Monetary Fund (IMF) is poised to cut its forecast for global growth as Managing Director Christine Lagarde warns trade wars and tighter credit are darkening the outlook. Three months since predicting the world economy would grow 3.9 percent this year and next, Lagarde signaled in Washington that she is no longer quite so optimistic. The fund will ...

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• 1 October

  New rules for precious metals, stones marking coming soon

  

  DUBAI / WAM The Emirates Authority for Standardisation and Metrology (ESMA), has set up an awareness workshop in Dubai targeting 250 gold, jewellery and precious metal dealers nationwide to raise awareness of Federal Law No. 11 of 2015 on the control, trade, and stamping (or marking) of precious stones and metals and its executive regulations. During the workshop, Abdullah Al ...

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• 1 October

  Taqa awarded for investor relations

  Abu Dhabi / WAM The Abu Dhabi National Energy Company (Taqa) has been recognised for its approach to investor relations at the Middle East Investor Relations Association (MEIRA) awards. TAQA, which operates in power and water as well as oil and gas in 11 countries, was awarded first place in the best investor relations website category at the MEIRA awards. ...

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• 1 October

  Sheikh Mohammed attends Dubai Majlis dialogue session

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the second dialogue session of the Dubai Majlis on Monday. The session, held at Dubai Opera, saw the attendance of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of ...

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• 1 October

  54 Houthi militias killed, 13 captured in Hodeidah operations

  HODEIDAH / WAM Fifty-four Houthi militias were killed, and 13 others captured during military operations carried out on Yemen’s Red Sea Coast, by joint Yemeni Resistance Forces, with the support of the Saudi-led Arab Coalition. The resistance forces launched military attacks on Houthi militia locations and sites, following the careful monitoring and surveillance of the Al-Jah lower neighbourhood, west of ...

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• 1 October

  DIEDC plans to launch Islamic Economy Week

  Dubai / WAM Crown Prince of Dubai, Chairman of The Executive Council of Dubai and General Supervisor of ‘Dubai the Capital of the Islamic Economy’ initiative HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued directives to hold the Islamic Economy Week from October 27 to November 1. The event is organised by the Dubai Islamic Economy Development ...

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