March, 2017

• 27 March

  History is no help when handicapping bond market

  

    Markets are never perfect in their predictive abilities but they tend to be forward-looking in how they trade to anticipate what will happen next. Take last week’s interest-rate increase by the Federal Reserve, its third since December 2015, and the bond market. Bond yields have been rising for some time. In what some investors are calling a generational bottom ...

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• 27 March

  DIB launches Panin Dubai Syariah Bank

  

    DUBAI / Emirates Business Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, celebrated the launch of Panin Dubai Syariah Bank in Indonesia, in the presence of DIB Group CEO Dr Adnan Chilwan, key local officials including Muliaman D. Hadad, Chief Commissioner OJK, Dr KH Ma’ruf Amin, Chief of the Indonesia Ulama Council, Hamlim Alamsyah, Chief Commissioner ...

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• 27 March

  Deutsche Bank reduces cheque clearing in euros in Mideast

  

    DUBAI / FRANKFURT / Reuters Deutsche Bank is to stop clearing cheques denominated in euros for some banks in the Middle East, according to sources familiar with the matter, joining other big banks that cut services in the region. Cheque usage globally has been on the wane as consumers and businesses turn to faster, digital payment alternatives and in ...

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• 27 March

  Ghana cuts benchmark rate as inflation slows and Cedi gains

  

    Bloomberg Ghana’s central bank cut its benchmark interest rate for a second time in four months as the cedi recovered from record lows and inflation slowed to the lowest rate in more than three years. The Bank of Ghana cut the rate to 23.5 percent from 25.5 percent, Governor Abdul Nashiru Issahaku told reporters on Monday in the capital, ...

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• 27 March

  VP okays AED1.2bn road contracts

  

    Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the award of two contracts for constructing the 7th Interchange on Sheikh Zayed Road, as well as Al Yalayis and Al Asayel Roads, at a cost of AED 1.2 billion. The two projects will enhance the ...

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• 27 March

  UAE pledges AED197mn to support seven key INTERPOL projects

    Abu Dhabi / WAM The UAE announced on Monday a contribution of AED 197 million (EUR 50 million) to the INTERPOL Foundation for a Safer World to support seven INTERPOL projects designed to combat global crime and terrorism ahead of the first Unity for Security Forum in Abu Dhabi. Held under the patronage of His Highness Sheikh Khalifa bin ...

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• 27 March

  Mohammed opens GMIS

  

    Abu Dhabi / WAM The Inaugural edition of the Global Manufacturing and Industrialisation Summit (GMIS) was officially opened on Monday evening in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. The Summit is being held under the patronage of His Highness Sheikh Mohamed bin Zayed ...

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• 27 March

  Abu Dhabi Media wins 3 ‘Digital Studio Awards’

  

    Abu Dhabi / Emirates Business Abu Dhabi TV Network, part of Abu Dhabi Media, has won three strategic ‘Digital Studio 2017’ awards at the CABSAT 2017 Dubai exhibition, underscoring the network’s leading role in the regional media industry. The prestigious awards highlight the commendable status and values of Abu Dhabi Media’s television network, which adopts the highest professional standards ...

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• 27 March

  World Aviation Safety Summit to assess ban of electronics on flights

  

    Dubai / WAM The impact of the ban by the United States (US) and the United Kingdom (UK) on electronics from Muslim-majority countries will be cross-examined at the World Aviation Safety Summit’s fifth edition on April 11-12 in Dubai. Industry leaders will debate how these bans will impact the industry and the best way to deal with such significant changes ...

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• 27 March

  Putin critic jailed as mass rallies energize Russian opposition

  

    Bloomberg Russian opposition leader Alexei Navalny was jailed for 15 days after the largest anti-government demonstrations for at least five years energized President Vladimir Putin’s critics as presidential elections loom. Navalny was imprisoned by a Moscow court on Monday after being convicted of disobeying police and fined 20,000 rubles ($352) for organizing an unsanctioned protest after more than 1,000 ...

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