December, 2016

• 18 December

  LG to launch ‘Signature’ collections for New Year

  

    DUBAI / Emirates business LG Electronics (LG) has long been a key driver in innovation, applying analytics-driven insights to its appliances and electronics to produce a unified consumer experience that is as intuitive as it is effortless. The home appliances and home entertainment market is currently undergoing a great change where consumers are starting to shift from traditional products ...

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• 18 December

  FB rolls out tools to curb fake news after uproar

  

    Bloomberg Facebook Inc. is changing its powerful news feed in an effort to stamp out fake stories following a firestorm around the social network’s role in spreading false information. The new features, rolled out to select US users on Thursday, add options for readers and third-party fact checkers to flag articles, tweak Facebook’s algorithm and provide more restrictions on ...

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• 17 December

  BP awarded 10% stake in ADCO onshore concession

    ABU DHABI / WAM Abu Dhabi National Oil Company (ADNOC) signed on Saturday an agreement with BP, awarding the British oil and gas giant a 10 percent interest in Abu Dhabi’s onshore oil concession operated by ADCO, the Abu Dhabi Company for Onshore Petroleum Operations. As part of BP’s interest in the concession, it will become asset leader for ...

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• 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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