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Tunisia to face wage crunch at IMF’s insistence

Tunisia must keep its public sector wage bill under control to avoid severe debt problems, a senior International Monetary Fund official warned after the government agreed to raise wages of about 150,000 employees of state companies. Late last month, Tunisia’s UGTT union canceled a nationwide strike by public sector workers …

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Saudi export ban hits German shipyard

German shipbuilder Luerssen has suspended production of coastguard vessels it was building for Saudi Arabia and placed large numbers of staff on short hours, blaming uncertainty over whether Berlin would grant future weapons export licenses. After dissident journalist Jamal Khashoggi was killed in Saudi Arabia’s consulate in Istanbul, Chancellor Angela …

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UAE preparing unified customs strategy

The UAE will on Sunday, 4th November 2018, launch the Unified Customs Strategy, announced Ali Al Kaabi, Customs Commissioner and Head of the Federal Customs Authority. Al Kaabi said the strategy aims to support the country’s security and customs systems, maintain community security and stability and improve the UAE’s rankings …

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Dubai Port’s World US$78 million Mumbai project greenlighted

Hindustan Infralog Private Limited, HIPL, a joint venture between DP World (65%) and the National Investment and Infrastructure Fund, NIIF, (35%), has won the bid to develop and operate the Free Trade Warehousing Zone at India’s largest container gateway – Jawaharlal Nehru Port Trust, JNPT, for US$78 million. Hindustan Infralog Private is the …

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Islamic finance crosses threshold of $100 billion on Nasdaq Dubai Murabaha Platform

Transactions on the Nasdaq Dubai Murabaha Platform for Islamic financing have exceeded a total of US$100 billion, reflecting its popularity with corporate and individual users. Established jointly by Nasdaq Dubai and Emirates Islamic, the platform meets needs ranging from funding for corporate growth and expansion to personal finance for retail customers. Transactions …

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Plenipotentiary Conference 2018 to be headed by Majed Sultan Al Mesmar

Majed Sultan Al Mesmar, Deputy Director­ General for the Telecommunications Sector at the Telecommunications Regulatory Authority, TRA, has been elected Chairman of the International Telecommunication Union, ITU, Plenipotentiary Conference, which is being held in Dubai. Assuming the position, Al Mesmar called for a more cooperative and consensus among the members of the ITU, in …

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