May, 2018

• 28 May

  UAE rescues, flies in Socotra cyclone victims for treatment

  Abu Dhabi / WAM The UAE has responded quickly, since the tropical Cyclone Mekunu hit the Yemeni island of Socotra, to rescue residents and assure they receive all the medical care needed. Seventeen injured Yemenis were evacuated from Socotra to the UAE, along with their escorts, for medical treatment, in implementation of the directives of the President His Highness Sheikh ...

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• 28 May

  ERC supports education projects in Dhale, Yemen

  Dhale / WAM Eight envelopes containing tenders for projects to restore seven schools, as well as another project to build the Education College Hall in Yemen’s Dhale Governorate, were opened, which are supported by the Emirates Red Crescent (ERC), as part of its Year of Zayed initiatives. During the meeting, which was chaired by Major General Ali Muqbel, Governor of ...

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• 28 May

  300 ‘artificial caves’ to enhance fish stocks

  

  Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE), and Fish Farm LLC have installed 300 artificial caves made of eco-friendly materials across 30 sites, stretching from Al Baiya Island in Fujairah to Loulouiya Harbor in Sharjah, to enhance fish stocks in UAE waters. The installation sites were carefully chosen in proximity to the country’s coasts with the ...

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• 28 May

  DPM opens Hudayriat Island Recreational beach

  Abu Dhabi / WAM The Department of Urban Planning and Municipalities (DPM), announced the opening of Hudayriat Recreational Beach, which offers residents and visitors the chance to enjoy a multitude of leisure and sports facilities, while spending quality time with family and friends. The beach is located on the 3,000-hectare Hudayriat Island, which is south-west of the Abu Dhabi main ...

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• 28 May

  Sixth Islamic Economy Award to open on October 30

  Dubai / WAM The sixth Islamic Economy Award (IEA), ceremony will take place on the sidelines of the fourth Global Islamic Economy Summit (GIES 2018), which will run from October 30-31, in Dubai. The award highlights the most innovative initiatives that drive economic development in line with the core principles of the Islamic economy – responsibility, sustainability and positive impact on society. ...

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• 28 May

  China gas revamp fuels PetroChina rally

  

  Bloomberg PetroChina Co. rallied the most in two years after regulators unveiled a new gas market policy that harmonises prices for different users and is seen as an earnings boost for the nation’s biggest producer and importer of the fuel. The company’s Hong Kong-traded shares closed 6.5 percent higher in reaction to an announcement that the pricing mechanism for gas ...

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• 28 May

  Russia loses its edge as oil drop spurs low ETF flows

  Bloomberg Sliding oil prices are eroding the buffers that helped Russia withstand the emerging-market retreat. Investors are pulling cash from the biggest exchange-traded fund tracking Russian assets at the fastest pace in almost a year. Redemptions from the VanEck Vectors Russia ETF, which invests in oil and gas companies including Gazprom PJSC, Rosneft PJSC and Lukoil PJSC, reached $88.9 million ...

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• 28 May

  Mahathir vows to scrap $28 billion high-speed railway link to S’pore

  

  Bloomberg Malaysia’s Prime Minister Mahathir Mohamad said he will cancel a proposed multibillion-dollar high-speed railway link to Singapore, as the new leader who returned to power in a surprise election upset this month seeks to rein in expenditure. The scrapping of the plan will take time as it requires negotiation with Singapore, Mahathir told reporters in Kuala Lumpur on Monday. ...

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• 28 May

  Indonesian minister says ready to trade growth for stability

  

  Bloomberg Indonesian Finance Minister Sri Mulyani Indrawati said the government is willing to accept slower economic growth as a trade-off for stability. “All of us are ready to implement any policies needed to protect Indonesia’s economy,” Indrawati told reporters on Monday in Jakarta. “So, if we have to make adjustments in the short run that will result in slightly lower ...

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• 28 May

  China to ‘clear’ $43bn Qualcomm-NXP deal

  

  Bloomberg China is ready to approve Qualcomm Inc.’s $43 billion takeover of NXP Semiconductors NV if it gets assurances that the US will lift a seven-year ban on homegrown telecoms giant ZTE Corp., people familiar with the matter said. The antitrust regulator has cleared all factual investigations, is satisfied with the remedies Qualcomm’s offering and only procedural issues remain, said ...

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