June, 2016

• 9 June

  Australia, Russia, and a rules-based order in Asia

  

    This year’s Shangri-La Dialogue clearly showed that Asia has not become safer over the last year and is unlikely to become any safer in the near future. Quite the contrary, the security threats at hand may well extend far into the next decades, making the Asian Century not one of economic dynamism, but of political squabbles. Just this week, ...

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• 9 June

  GCC must cut deficits to keep currency pegs: IMF

    Bloomberg Gulf oil exporters must cut spending and narrow their budget shortfalls to keep their currencies pegged to the dollar, the International Monetary Fund said. While substantial foreign assets have allowed the countries to fix the value of their currencies to the greenback, keeping the status quo comes at a price as lower crude prices strain public finances, the ...

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• 9 June

  UAE to chair ILO finance panel

    Geneva / WAM The UAE has been elected to chair the Finance Committee of the International Labour Organization during their 105th conference that was held in Geneva, votes cast by the participating states of the committee marked the UAE as the leading representative. The Finance Committee comes with great responsibilities and was formed by the organization to study, discuss, adopt ...

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• 9 June

  Qatar to buy Irish telecom firm

    DUBLIN / Reuters Qatar’s sovereign wealth fund is set to buy a major stake in Irish telecoms firm Eir, the Irish Times reported on Thursday, in a move that would likely support its plans to hold off from a stock market flotation for now. The Qatar Investment Authority (QIA) is on course to acquire York Capital, Eir’s second-largest shareholder’s ...

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• 9 June

  ADM’s workshop on asset mgmt

    ABU DHABI / WAM Abu Dhabi City Municipality(ADM) underlined the importance of upgrading procedures to provide the best services, ensure optimal service management, and adopt top asset management practices through concerted efforts with all partners. To this effect, a workshop was organised by a number of infrastructure assets management teams in collaboration with the Opus Middle East Company, and ...

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• 9 June

  Dubai Customs, DP World hold biggest auction at Jebel Ali

  

    DUBAI / WAM Dubai Customs, represented by the Jebel Ali Customs Centres Management, organised the largest public auction yet, in cooperation with DP World. As many as 533 containers were auctioned this time, comprising 35 categories of new and used goods that went under the hammer at the 3-day public auction. The auction, overseen by Dubai Customs’ Jebel Ali ...

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• 9 June

  UN launches global standard to assess food loss and waste

  

    Copenhagen / WAM A partnership of leading international organizations, including the United Nations, announced the launch of a first-ever global standard to measure food loss and waste while at the Global Green Growth Forum (3GF) 2016 Summit currently underway in Copenhagen, Denmark. The Food Loss and Waste Accounting and Reporting Standard (FLW Standard) is a set of global definitions ...

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• 9 June

  GOIC participates in AFAQ Economic Conference in Jordan

    AMMAN / WAM The Gulf Organisation for Industrial Consulting (GOIC) participated in the 8th AFAQ Economic Conference, held recently under the title “Modern Economic Issues” in Amman, Jordan. Mohammed bin Khamis Al Mukhaini, Assistant Secretary-General for Industrial Information and Studies at GOIC, said, “It was an important opportunity to discuss challenges that various economic sectors face and to exchange ...

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• 9 June

  Vodafone NZ grabs Sky in US$2.4 billion merger deal

  

    Wellington / Bloomberg Vodafone Group Plc’s New Zealand business and the country’s largest pay-television provider, Sky Network Television Ltd., agreed to a NZ$3.44 billion ($2.4 billion) merger as they grapple with increasing competition. The global mobile-phone operator will own 51 percent of the combined entity, the companies said in a joint statement Thursday. Sky Network is issuing new stock ...

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• 9 June

  Airbus to sell stake in Dassault Aviation

  

    Paris / Bloomberg Airbus Group SE is close to selling off its remaining holding in Dassault Aviation SA as the European aircraft maker disposes of assets to focus on its core businesses, people familiar with the matter said. Airbus is working with advisers, and a sale could come as soon as this week, the people said, asking not to ...

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