February, 2018

• 6 February

  Emirates Palace, DWTC tie up to launch catering company

  

  Dubai / Emirates Business Emirates Palace partnered with the Dubai World Trade Centre (DWTC) to launch the UAE’s premiere catering company – Emirates Palace Catering by Dubai World Trade Centre (EPC by DWTC). This joint venture is set to elevate the events and catering scene in the capital, offering the best in local and international cuisine combined with impeccable service ...

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• 6 February

  Grozny to join Air Arabia’s Russia network from Apr 20

  Sharjah / WAM Air Arabia announced on Tuesday its new route to Grozny, capital of the Chechen Republic in Russia. Air Arabia will begin flights to Grozny on April 20. Air Arabia’s Russia network, which recently increased by launching flights to Sheremetyevo International Airport adding a second route for travel to the Russian capital, has been extended to include the ...

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• 6 February

  Emirates SkyCargo launches services to Maastricht

  

  Dubai / Emirates Business Emirates SkyCargo, the freight division of Emirates, is expanding its footprint in Europe with the launch of new scheduled freighter services to Maastricht. Maastricht will join Emirates SkyCargo’s global freighter network of over 40 cities and will become the second freighter destination in the Netherlands after Amsterdam. Emirates SkyCargo will initially operate two freighter flights a ...

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• 6 February

  US stocks fluctuate after Dow swung 500 points in 25 minutes

  

  Bloomberg US equity indexes fluctuated after a tumultuous morning that saw the Dow swing more than 900 points in 25 minutes. The benchmark gauge for US share volatility went through wild gyrations after hitting a two-year high. The S&P 500 Index plunged as much as 2.1 percent at the open of trading on Tuesday before regaining ground. The Dow declined ...

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• 6 February

  Mideast pulled down by global tumble, but outperforms Asia

  

  Reuters Middle Eastern stock markets fell on Tuesday because of the global downturn in equities, but the region outperformed emerging markets in Asia, where MSCI’s broadest index of Asia-Pacific shares ex-Japan plunged 3.6 percent. Because of low oil prices and poor liquidity, the Gulf greatly underperformed the uptrend in global emerging markets in 2017, so fund managers say it may ...

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• 6 February

  India healthcare plan an ‘absolute game changer’, says PM Modi aide

  

  Bloomberg India’s push towards universal health-care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan to provide health insurance to 100 million poor families, which would cover about 40 percent of the population. India plans to cover the entire population “sooner than later,” according to Rajiv Kumar, vice chairman of the ...

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• 6 February

  Tencent, Cnooc to join Hang Seng China Index in revamp

  

  Bloomberg Tencent Holdings Ltd. and Cnooc Ltd. are among 11 companies that will join the Hang Seng China Enterprises Index, while China Railway Construction Corp. will be removed, Hang Seng Indexes Co. said in its quarterly review. The changes will take effect on March 5 and increase the number of constituents on the gauge to 50, the index compiler said ...

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• 6 February

  North Korea suspected of hatching Coincheck heist

  Bloomberg South Korea’s spy agency has begun investigating the possibility that North Korean hackers orchestrated the theft of about $500 million worth of digital coins from Japanese cryptocurrency exchange Coincheck Inc., said a lawmaker who attended a meeting with the head of the intelligence service. The National Intelligence Service is investigating last month’s incident— one of the largest cryptocurrency heists ...

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• 6 February

  Gold steadies near 6-month high

  Bloomberg As the equities selloff spread from Asia to Europe, gold proved its status as a safe haven. The metal added 0.3 percent to $1,343.19 an ounce, extending yesterday’s 0.5 percent advance. FTSE/JSE Africa Gold Mining Index gained 1.7 percent, while silver and platinum also rose. But across other risk markets, screens flashed red as everything from bitcoin to Japanese ...

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• 6 February

  Chinese firm becomes top Brazil soy exporter

  

  Bloomberg Cofco International Ltd. has already overtaken some of the world’s oldest agricultural traders to become one of the biggest shippers of soybeans in Brazil, the top exporter. Now, the Chinese food giant is considering acquisitions that would extend its position even further. The company is looking into buying warehouses and other facilities related to logistics deep in Brazil’s agricultural ...

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