December, 2017

• 20 December

  ADSW to focus on ‘driving global energy transformation’

  

  Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the next edition of the Abu Dhabi Sustainability Week (ADSW), will focus on ‘Driving the Global Energy Transformation’. ADSW will take place from January 13-20 at the Abu Dhabi National ...

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• 20 December

  Hamdan OKs ‘Dubai economic report’

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Wednesday approved the Dubai Economic Report 2017, as part of implementing the directives of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. The report, issued by the ...

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• 20 December

  UBF discusses priorities, action plan for 2018

  

  Dubai / WAM The UAE Banks Federation (UBF), a professional representative body comprising 48 member banks operating in the UAE, held its annual meeting for the 19 committees Chairpersons to review key initiatives of 2017 as well as priorities and action plan for 2018. The meeting commended the initiatives launched by the committees during 2017, among which are; the Middle ...

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• 20 December

  ADGM sets up office to strengthen data protection oversight, support

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), Registration Authority has established an Office of Data Protection to carry out the administration of ADGM’s data protection regime. The Office of Data Protection aims to foster a secure and trusted environment for both companies and individuals, in line with ADGM’s strategy to be a leading international financial centre that provides ...

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• 20 December

  Drydocks World signs deal with SBM Offshore

  Dubai / WAM Drydocks World, the leading marine, onshore and offshore service provider to the oil, gas and renewable energy sectors, signed a contract agreement with SBM Offshore to carry out the construction of the Turret Mooring System (TMS), for Statoil’s Johan Castberg Floating Production Storage and Offloading (FPSO), vessel. The Johan Castberg FPSO will be permanently moored by internal ...

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• 20 December

  Dubai top holiday spot for GCC visitors during festive season

  

  Dubai / Emirates Business HotelsCombined.com, the world’s leading hotel price comparison website reveals on Wednesday that Dubai continues to be the top favorite destination among GCC travelers during the festive season, followed by Abu Dhabi and Al Medina, Saudi Arabia. On the international level, London maintains its position as the most popular destination followed by Istanbul and Paris, according to ...

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• 20 December

  Senate OKs US tax bill, puts GOP on brink of win

  

  Bloomberg Senate Republicans passed the most extensive rewrite of the US tax code in more than 30 years, a bill that delivers a deep, permanent tax cut for corporations and shorter-term relief for individuals. The chamber’s 51-48 party line vote on Wednesday in Washington brought President Donald Trump to the brink of his first major legislative victory. The bill—which has ...

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• 20 December

  Gibraltar row threatens Brexit progress

  Bloomberg A 300-year-old argument between the UK and Spain over a small piece of land is threatening to derail Theresa May’s plans to help businesses navigate Brexit. UK officials fear Spain will threaten to veto a Brexit transition phase if the British PM refuses to negotiate a separate deal with the government in Madrid that covers the disputed territory of ...

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• 20 December

  UK’s May insists on ‘bespoke’ trade deal despite EU’s rebuttal

  

  Bloomberg PM Theresa May is sticking to her guns and pushing for a made-to-order trade deal with the EU—despite the bloc’s insistence such a scenario is out of the question. May presided over a discussion with her Cabinet to flesh out her vision of an end state, aiming for a “significantly more ambitious deal” than that between the EU and ...

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• 20 December

  UK house prices to face stagnation in 2018

  Bloomberg UK housing experts predict the nation is in for a year of stagnating prices in 2018. Overall growth will come to a halt as the number of transactions falls slightly, the Royal Institution of Chartered Surveyors said in a report, with a continued dearth of supply preventing outright declines. Some regions are set to see gains, offsetting slumps in ...

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