December, 2016

• 11 December

  Economists are out. Goldman is back in for Washington

  

    It looks like Gary Cohn will be leaving Goldman Sachs Group Inc., where he is president and chief operating officer, to become director of Donald Trump’s National Economic Council. This is not a unique career trajectory! The first director of the NEC, which President Bill Clinton created in 1993 to coordinate economic policy among the sometimes-warring government agencies responsible ...

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• 8 December

  ADX receives AED7.9bn investments by Nov end

  

  ABU DHABI / WAM Foreign and institutional investments at the Abu Dhabi Securities Exchange (ADX) totalled AED7.9 billion by the end of November 2016. Net flow of foreign investments in the last six months, from June to November, reached almost AED850 million. Data from the exchange shows that institutional investments in the last eleven months reached AED4.6 billion, whereas investments ...

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• 8 December

  UAE, Japan discuss ways to enhance trade ties

    ABU DHABI / WAM Abdullah Al Saleh, Under- Secretary of the Ministry of Economy for Foreign Trade and Industry, recently met Yoshio Kishimoto, Director-General of International Affairs at the Japanese Ministry of Economy, Trade and Industry, and his accompanying delegation at the Ministry’s office in Abu Dhabi. The meeting highlighted developments in economic and trade cooperation between the two ...

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• 8 December

  Aviation industry adds $2.7trn in global GDP, employs 63mn people

  

    MONTREAL / WAM In a message on the International Civil Aviation Day, the head of the United Nations civil aviation agency underlined the socio-economic importance and contribution of air travel and aviation. According to ICAO, aviation operations generate more than $2.7 trillion in global gross domestic product (GDP) and provide employment for more than 63.5 million people worldwide. Fang ...

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• 8 December

  IDB lists $1.25bn Sukuk on Nasdaq

    DUBAI / WAM The Islamic Development Bank (IDB) listed a $1.25 billion Sukuk on Thursday on Nasdaq Dubai, the region’s international financial exchange. It is the seventh Sukuk listing on the exchange by the IDB, making it the largest Sukuk issuer on Nasdaq Dubai at 8.55 billion US dollars. Altogether, Nasdaq Dubai has 56 Sukuk listings totalling US$43.96 billion, ...

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• 8 December

  AED2.5bn purchase on DFM

    DUBAI / WAM Foreign investors purchased AED 2.5 billion worth of shares on Dubai Financial Market (DFM) and sold AED 2.4 billion over the week, DFM said on Thursday. Net foreign investment on the market reached AED 148.5 million, as aggregate buy. Value of shares bought by foreigner investors comprised 43.9 per cent of the total value of stocks ...

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• 8 December

  MoF highlights tech in finance

    ABU DHABI / WAM The Ministry of Finance (MoF) in collaboration with the Arab Monetary Fund held a workshop on modern technologies applied to financial services, its impact on the banking sector, and the challenges faced by Arab regulatory authorities to establish a suitable environment to adopt these new technologies. The workshop was held in the presence of Younis ...

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• 8 December

  TRA ensures business continuity in ICT during crisis

    DUBAI / WAM The Telecommunications Regulatory Authority (TRA) recently hosted a workshop on ‘Implementing the Business Continuity Management Programme in Emergencies’, for the purpose of ensuring business continuity in the Information and Communications Technology sector, in emergency and crisis situations. The workshop saw the attendance of ICT sector operators in addition to nominees from the local emergency and crisis ...

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• 8 December

  Trump taps China ambassador, consults Obama for appointments

  

    New York / AFP President-elect Donald Trump on Wednesday selected a political ally with close ties to China as ambassador to Beijing, stressed his determination to create US jobs and revealed he consulted with Barack Obama on his cabinet picks. The Republican’s election victory shocked the US establishment and alarmed the world, which is now waiting with bated breath ...

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• 8 December

  Hurdle cleared to visa-free EU travel for Ukraine, Georgia

    Brussels / AFP EU negotiators said on Thursday they have resolved an internal row that had delayed visa-free travel to Europe for Ukrainians and Georgians. The European Commission and the bloc’s 28 members will be able to reimpose visa requirements more quickly and more easily under a compromise deal amid fears over immigration and terrorism. The deal struck between the ...

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