January, 2017

• 1 January

  Burundi minister shot dead in latest violence

    Nairobi / AFP Burundi’s environment minister was shot dead in the capital Bujumbura early Sunday, police said, the first killing of its kind since the country was plunged into political turmoil two years ago. Emmanuel Niyonkuru, 54, the country’s water, environment and planning minister, was killed shortly after midnight, according to a tweet sent by police spokesman Pierre Nkurikiye. The ...

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• 1 January

  Sharjah Children Biennial begins January 15

  

    Sharjah / Emirates Business Under the theme ‘A World as Big as Your Imagination’, the spirit of children’s collaboration has shone through in the artwork submissions received for the forthcoming Sharjah Children Biennial (SCB). Sharjah Children Centres announced receiving a total of 792 artworks from 1,663 children representing 27 Arab and foreign nationalities for the fifth edition of SCB. ...

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• 1 January

  University Hospital gives ‘gift of hearing’ to expat girl

  

    Sharjah / Emirates Business University Hospital Sharjah (UHS) conducted its first cochlear implant procedure on an eight-year-old girl who was born with hearing difficulty, giving her the ‘gift of hearing’. After a two-week break to recover from the operation, the girl returned to the hospital for a follow up where the cochlear implant was activated for the first time ...

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• 1 January

  MOHRE to monitor hiring of Emiratis in private sector

    Dubai / Emirates Business Starting Monday, the Ministry of Human Resources and Emiratisation (MOHRE) shall begin monitoring the recently announced decrees which mandates private sector establishments, employing 500 plus workers, to hire at least one Emirati jobseeker for an occupational health and safety officer position. Secondly, companies engaging over 1,000 workers must hire a minimum of two data entry ...

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• 1 January

  DeG unlocks technical potential of inmates

    Sharjah / Emirates Business More than a dozen inmates at the Punishment & Correctional Institution Department in Sharjah participated in a highly engaging and innovative technology workshop built around the Arduino programming system, recently organised by Sharjah Department of eGovernment (DeG) in collaboration with Sharjah Police G.H.Q. An ‘out of the box’ rehabilitative activity designed and conducted by DeG’s ...

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• 1 January

  Dubai mesmerizes world with dazzling fireworks

  

    Dubai / Emirates Business Dubai has once again mesmerised the world with a magnificent New Year’s Eve fireworks spectacle by Emaar Properties, bidding farewell to 2016 and welcoming in 2017 in resplendent style. Hundreds of thousands of spectators from all over the world joined the celebrations in Downtown Dubai, Emaar’s mega-development in the heart of the city, centred around ...

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• 1 January

  Crude market seen as surprise haven from political risk in 2017

  

    Bloomberg With Donald Trump set to enter the White House in January and populists on the march across Europe, political risk will loom large in 2017. Cautious investors may find stability in an unfamiliar place: the oil market. A deal between the Organization of Petroleum Exporting Countries and other producers to limit output won’t simply siphon off some of ...

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• 1 January

  Oil makes biggest annual gain since 2009 before supply cuts

    Bloomberg Oil made the biggest annual gain since 2009 as OPEC and other producing nations plan to start supply cuts next month to reduce swelling global inventories. Futures rose 52 percent in London this year after closing little changed on Friday. US crude inventories unexpectedly expanded for a second week with a gain of 614,000 barrels last week, the ...

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• 1 January

  Hedge funds bet oil rally to extend into 2017

  Bloomberg Investors are showing no sign of turning their backs on oil heading into 2017. Money managers’ wagers on rising West Texas Intermediate crude prices are triple what they were at the end of 2015, and are the highest since the start of the crude market crash 2 1/2 years ago. Crude futures settled at the highest in almost 18 ...

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• 1 January

  Saudi telecom to work with JPMorgan on options for Oger

  

    Bloomberg Saudi Telecom Co. is working with JPMorgan Chase & Co. to evaluate options including increasing its stake in Turkish telecommunications investor Oger Telecom, according to people familiar with the matter. The Riyadh-based firm could buy a stake in Oger Telecom from Saudi Oger, which holds 65 percent, to boost its current holding of 35 percent, said the people, ...

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