December, 2016

• 17 December

  MoF, DIEDC deal to promote Dubai as Islamic economy hub

    DUBAI / WAM The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Dubai Islamic Economy Development Centre (DIEDC) to exchange experiences and coordinate on matters related to the strategic plan for ‘Dubai the Capital of Islamic Economy 2017-2021’, aimed at strengthening country’s position and enhancing the Emirate of Dubai as the capital of the Islamic economy. ...

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• 17 December

  Humaid Bin Rashid Al Nuaimi Foundation OKs AED27mn budget

    Ajman / WAM The Humaid Bin Rashid Al Nuaimi Foundation’s board of trustees has approved an estimated budget of AED27 million for 2017. Approved at a board meeting chaired by HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, the budget funds the foundation’s charitable and humanitarian projects. Sheikh Ammar directed the board of trustees to launch ...

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• 17 December

  UAQ FTZ records huge surge in number of investors

    UMM AL QAIWAIN / WAM From humble beginnings in late 2014, the Umm Al Qaiwain Free Trade Zone (UAQ FTZ) has progressed dramatically in this bustling emirate with investors leapfrogging from a few hundred to over 2,500 licenses till date. Under the patronage of HH Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al ...

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• 17 December

  America’s straddle in Syria was bound to fail

  

    The fall of Aleppo is a human catastrophe. It’s also a demonstration of the perils of choosing the middle course in a military conflict. Sometimes it’s possible to talk and fight at the same time. But in Syria, America’s decision to pursue a dual-track, halfway approach made the mayhem worse. A battered Secretary of State John Kerry made one ...

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• 17 December

  Best economics books of 2016

    OK, I should have headlined it, “My favorite economics books of 2016.” There surely are many good books that I missed. Still, the four below share certain appealing characteristics. They tell us stuff we don’t know, which alters our view of the world. They are all deeply researched and reported. They’re clearly written. For your dedicated economics wonk or ...

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• 17 December

  Why the ‘One China’ policy works

    In questioning the “One China” policy that’s governed US-China relations for nearly four decades, President-elect Donald Trump seems to believe he’s wielding powerful leverage to persuade leaders in Beijing to give the US a better deal on trade. In fact, he’s setting himself up to fail —and ignoring the more effective tools at his disposal. The 1979 decision to ...

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• 17 December

  Duterte foreign policy difficult to cmprehend

    The United States announced that it has withheld a major aid package to the Philippines over significant concerns about the rule of law under President Rodrigo Duterte. This comes as a response to Philippines President Rodrigo Duterte war on drug pushers. It has claimed more than 5,000 lives so far. Even before he was elected Philippines president, Duterte had ...

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• 17 December

  UAE provided AED32.34bn in foreign aid in 2015

  

    Abu Dhabi / WAM The UAE provided AED32.34 billion (US$8.8 billion) in foreign aid during 2015, according to the Ministry of Foreign Affairs and International Cooperation. In its report titled ‘UAE’s Foreign Aid in 2015’, issued on Saturday, the ministry said that the provision of foreign aid in terms of humanitarian and development support to various friendly countries, is in ...

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• 17 December

  ADNOC expands presence in Khalifa City

  

    Fujairah / WAM ADNOC Distribution has consolidated its service station network in the emirate of Abu Dhabi with the opening of the Khalifa City-South service station – located near Al Forsan International Sports Resort and the Emirates Identity Authority’s headquarters. The inauguration was attended by Abdulla Salem Al Dhaheri, Director, Sales and Marketing Directorate of ADNOC Distribution, Saeed Mubarak Al ...

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• 17 December

  MoHRE to handle hiring of domestic workers from 2017

    Dubai / WAM Mandated by the Council of Ministers, the Ministry of Human Resources and Emiratisation (MoHRE) will begin receiving and processing applications for the recruitment and employment of domestic workers in the Emirate of Dubai in the first quarter of 2017, as a first step towards extending its mandate to the rest of the country in the second quarter. ...

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