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ENOC wins mega-loan from China

ENOC Group has secured a five-year US$690 million term loan from a Chinese consortium of banks as China’s biggest financial institutions endorse the Group’s operational and financial health. The term loan will finance general corporate purposes as ENOC continues to fuel the local economy through its business divisions in exploration …

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Pentagon chief balancing Asia with Iran

As acting U.S. Defense Secretary Patrick Shanahan heads to Asia on Tuesday to deliver a major policy speech on the region, increasing tensions with Iran threaten to upend the Pentagon’s strategy to focus on “great power competition” and countering Russia and China, officials and experts say. In January 2018, the …

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DMCC signs deal with China Gems

DMCC, the world’s leading Free Zone for commodities trade and enterprise, announced today that it has signed a Memorandum of Understanding,MoU, with the China Gems and Jade Exchange, CGJE, creating a strategic alliance with China’s official trading platform for gemstones and jade. Feryal Ahmadi, Chief Operating Officer, DMCC, and Yuk …

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Guangzhou cooperating with UAE commercially

Rahma Bin Abdulrahman Al Shamsi, UAE Consul-General in the Chinese city of Guangzhou, and Zheng Jianrong, Director-General of Department of Commerce of Guangdong Province, have discussed ways of joint cooperation in economic and trade fields. During the meeting, Zheng Jianrong briefed Al Shamsi on the latest developments and commercial developments …

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China insists all parties should implement Iran nuclear deal

China’s foreign ministry said on Wednesday the 2015 Iran nuclear agreement should be fully implemented and all sides have a responsibility to ensure it happens. Foreign ministry spokesman Geng Shuang made the remarks during a daily briefing. Earlier on Wednesday, Iranian President Hassan Rouhani said Iran will resume high level …

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UAE leaders in China for strategic talks

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, held discussions with the Chinese President Xi Jinping in Beijing, China, in the presence of a high-level UAE delegation accompanying His Highness. The meeting was held on the sidelines of the Second Belt and …

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Second Belt and Road Forum slotted for April 25

The Second Belt and Road Forum (BRF) for International Cooperation will be held in Beijing from April 25 to 27, Chinese State Councilor and Foreign Minister Wang Yi announced at a press briefing on Friday. With the theme of “Belt and Road Cooperation, Shaping a Brighter Shared Future,” the second …

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Uighur issue raised in UN by Turkey and UK

Turkey and Britain voiced concern on Monday at China’s alleged mistreatment of Uighurs and other Muslims in its Xinjiang region, with Turkish Foreign Minister Mevlut Cavusoglu calling on Beijing to protect freedom of religion and cultural identity. The issue came up as U.N. Human Rights Council opened its main annual …

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Etisalat working with Huawei on single-wavelength 600G trial site

The UAE telecom operator Etisalat recently announced that it collaborated with Huawei to complete the industry’s first testing of a single-wavelength 600G trial site. This trial cements Etisalat’s leading position in transport network technological innovation, and promotes commercialisation of single-wavelength 600G technology, with great commercial application value. As the largest …

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AIIB exploring safe investments in UAE

The Asian Infrastructure Investment Bank, AIIB, will “make a full assessment of risks” before financing projects in post-conflict and unstable countries, President of the bank said today. In an exclusive interview with the Emirates News Agency, WAM, Jin Liqun has described safety and security as “the basis” to accomplish successful …

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Turkey tells China to close Uighur internment camps

Turkey called on China to close its internment camps for Muslims, saying the camps which reportedly hold a million ethnic Uighur people are a “great shame for humanity”. Last week, rights activists urged European and Muslim nations to take the lead in establishing a U.N. investigation into China’s detention and …

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Chinese spy author’s novels come true with capture

A Chinese-born Australian writer detained by authorities in Beijing for suspected espionage has long been a divisive figure among overseas Chinese dissidents and activists. To his supporters, Yang Hengjun is a dedicated democracy activist who believed that China’s autocratic system would, with time, necessarily liberalize. His detractors say he had …

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