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FNC passes anti-begging draft law

Members of the Federal National Council on Tuesday passed an anti-begging draft law. The new legislation, which requires final approval of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, carries three-month jail term and a Dh5,000 fine for those found guilty of begging. Able-bodied offenders and those with a …

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DNO ups stake in Faroe Petroleum

DNO ASA, the Norwegian oil and gas operator, announced last night that it has acquired a further 3,744,203 shares in London-listed Faroe Petroleum plc at a price of £1.25 per share representing 1.02 per cent of the outstanding shares in the company. Together with two other recent transactions, also at …

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UAE disbands training mission in Somalia

The UAE has decided to disband its military training programme in Somalia which started in 2014 to build the capabilities of the Somali army. The decision comes in response to Somali security forces’ seizure of a UAE-registered civil aircraft at Mogadishu Airport and confiscation of money destined to pay the …

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DNO ups stake in Faroe Petroleum

DNO ASA, the Norwegian oil and gas operator, announced last night that it has acquired a further 3,744,203 shares in London-listed Faroe Petroleum plc at a price of £1.25 per share representing 1.02 per cent of the outstanding shares in the company. Together with two other recent transactions, also at …

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Mohammad announces new economic stimulus plans

Dubai on Saturday announced new economic initiatives, including setting up a consultative council that will include international companies, to boost the emirates’s economy. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, tweeted that the stimulus plans also include proposals …

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