July, 2017

• 18 July

  Abu Dhabi DED announces enforcement of amendments to its ‘table of fines’

  

  ABU DHABI / WAM The Department of Economic Development (DED), Abu Dhabi, has announced the enforcement of amendments made to its Table of Fines in line with the Abu Dhabi Executive Council Resolution No. 47 for 2017 on the violations relating to businesses or establishments licensed for economic activities as per Article 6 of Law No 2 of 2009. The ...

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• 18 July

  Dubai Culture opens reading corner at Modhesh World

  DUBAI / WAM Dubai Culture and Arts Authority, Dubai Culture, the emirate’s dedicated entity for culture, arts and heritage, has launched the second edition of its reading corner at Modhesh World, Dubai’s ultimate indoor fun destination for families and children. Following the success of last year’s reading corner, the new edition features an expanded range of educational and entertainment activities ...

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• 18 July

  Venezuela’s opposition urges strike as Trump warns of action

  

  Bloomberg Venezuelan President Nicolas Maduro faced growing pressure to cancel plans to rewrite the constitution on Monday with an emboldened opposition calling for a 24-hour strike this week and US President Donald Trump warning of “strong and swift economic actions.” A day after 7.5 million Venezuelans participated in an unofficial referendum to reject the constituent assembly and to call for ...

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• 18 July

  Erdogan to visit Saudi Arabia Kuwait, Qatar for dialogue

  Bloomberg Turkey’s President Recep Tayyip Erdogan will try his hand at mediating the Gulf crisis with visits to Saudi Arabia, Kuwait and Qatar, even as his country entrenches its military presence on Qatari soil. “Qatar’s sovereign rights must be protected,” Defense Minister Fikri Isik said on Monday ahead of Erdogan’s July 23-24 visit. “On the other hand, we are saying ...

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• 18 July

  Brexit talks get down to detail as May seeks to silence feuds

  Bloomberg Brexit negotiators will get down to the technical details of the divorce on Tuesday, tackling issues from nuclear cooperation to residency rights, as Prime Minister Theresa May seeks to silence public sparring among her ministers. UK Brexit Secretary David Davis and EU chief negotiator Michel Barnier are leaving their teams to hash out the details and Davis is back ...

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• 18 July

  Zarif : Iran won’t seek nuclear arms as Trump knocks deal

  

  Bloomberg Iran’s foreign minister said his nation’s vow not to seek nuclear weapons “never expires,” even as the Trump administration accused the Islamic Republic of violating the “ spirit” of a 2015 accord easing sanctions. “Iran is committed to not producing nuclear weapons,” Foreign Minister Mohammad Javad Zarif said on Monday at the Council on Foreign Relations in New York. ...

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• 18 July

  Russia demands US return properties as talks fail

  

  Bloomberg Russia stepped up pressure on the US to return seized diplomatic compounds in one of the first tests of whether Donald Trump and Vladimir Putin can convert the personal rapport of their initial meeting into improved relations. After talks in Washington between US Undersecretary of State Thomas Shannon and Russian Deputy Foreign Minister Sergei Ryabkov, the Foreign Ministry in ...

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• 18 July

  Australia creates home affairs ministry to boost terror fight

  Bloomberg Australia will create a Home Affairs ministry to boost anti-terrorism links between government agencies, in the nation’s biggest security shakeup in more than 40 years, Prime Minister Malcolm Turnbull said. To be led by current Minister for Immigration and Border Protection Peter Dutton, the portfolio will be based on the UK’s Home Office and have oversight of federal police, ...

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• 18 July

  Rio’s iron ore slowdown a boost to rebounding prices

  

  Bloomberg A cut by Rio Tinto Group to its full-year iron ore shipping guidance is set to bolster prices that have rebounded into a bull market on stronger-than-expected demand in China. Iron ore futures in Singapore surged as the world’s No. 2 exporter flagged on Tuesday that cargoes from Australia are expected at about 330mn metric tons in 2017. That’s ...

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• 18 July

  Micro-finance rebound shows rural India recovering from cash ban

  

  Bloomberg India’s vast rural hinterland, which makes up 70 percent of the South Asian country’s population, is showing signs of recovery from last year’s cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor. The micro-finance industry is rebounding, real rural incomes are rising and unemployment is falling, according to brokerage Motilal Oswal Securities Ltd. ...

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