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Month: February 2019

Zarif retires in bid to unite Iranian ranks

3 years ago
Fighting between parties and factions in Iran is a “deadly poison” undermining foreign policy, Mohammad Javad Zarif was quoted as saying in an interview published on Tuesday, a day after he resigned as Iranian foreign minister. Zarif’s comments suggest he may have quit over pressure from hardline elements who have long criticized his role in […]
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Kushner on Gulf tour as 'peace' envoy

3 years ago
White House adviser Jared Kushner is visiting U.S.-allied Gulf Arab states to seek support for a long-awaited peace proposal for the Middle East that he said would require concessions from both Israelis and Palestinians. Kushner, who is U.S. President Donald Trump’s son-in-law, is expected to focus on the economic component of the peace plan during […]
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End-to-end digital transformation launched at UAE bank

3 years ago
Emirates NBD today announced a planned end-to-end digital transformation of its transaction banking platform. The transformation is part of the banking group’s AED1 billion commitment to digitise operations, products and services, enhancing its proposition to corporate clients and retail customers. Supported by transaction banking and technology specialist Intellect Design Arena Limited’s Intellect Global Transaction Banking, […]
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Mubadala chalks Production Sharing Contract for Thai gasfield

3 years ago
Mubadala Petroleum has announced that it signed the Production Sharing Contract, PSC, together with its partner PTTEP Energy Development Company Limited, PTTEP ED, a subsidiary of PTT Exploration and Production Public Company Limited, for offshore Block G1/61 containing the Erawan producing gas field in Thailand. The current Block G1/61 concession will expire in April 2022 […]
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First Emirrati in space dated for 25th September 2019

3 years ago
The Mohammed bin Rashid Space Centre, MBRSC, has announced that 25th September 2019, will be the launch date of the first Emirati Arab astronaut’s trip to the International Space Station, ISS. The announcement came during a press conference held by MBRSC that featured Yousuf Hamad Al Shaibani, Director-General of MBRSC; and Salem Al Marri, Assistant […]
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34,000 new housing units to be built for Emiratis by royal decree

3 years ago
Following the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the construction of 34,000 housing units for Emiratis across different parts of the UAE at a total cost of AED32 billion to be delivered […]
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New service for brokerage companies undertaking margin financing in UAE

3 years ago
In line with the regulations introduced by the Securities and Commodities Authority of the UAE on margin financing, DFM has recently implemented a new service for brokerage companies undertaking margin financing to transfer margin financing facilities between different brokerage companies. Brokerage House Securities, one of the UAE’s leading brokerage firms, has recently been accredited by […]
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UAE's Business Award and Business Innovation Award. being screened

3 years ago
The Dubai Chamber of Commerce and Industry has announced that a high-level panel of judges has convened to select the winners of the 10th cycle of the Mohammed bin Rashid Al Maktoum, MRM, Business Award and the 2nd cycle of the MRM Business Innovation Award. The awards ceremony, organised by Dubai Chamber, is set to […]
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Assad in Iran for first time since civil war

3 years ago
Syrian President Bashar al Assad made his first public visit to his closest regional ally Iran since the start of Syria’s war in 2011, meeting Supreme Leader Ayatollah Ali Khamenei in Tehran on Monday and championing their alliance, state media reported. Syrian and Iranian state television showed footage of Assad and Khamenei smiling and embracing, […]
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Omar al-Bashir bans protests in further bid to stave revolution

3 years ago
Sudanese President Omar al-Bashir banned unlicensed public gatherings and protests on Monday in a series of emergency decrees issued during the most sustained anti-government street unrest of his 30-year rule. In a statement from the presidential palace, Bashir also announced a ban on trading or hoarding fuel products and subsidized goods, plus new regulations on […]
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Uighur issue raised in UN by Turkey and UK

3 years ago
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 session. Diplomats and activists say […]
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UK denounces Hezbollah as terrorist organisation

3 years ago
Britain said on Monday it plans to ban all wings of Hezbollah due to its destabilizing influence in the Middle East, classing the Lebanese Islamist movement as a terrorist organization. London had already proscribed Hezbollah’s external security unit and its military wing in 2001 and 2008 respectively, but now wants to outlaw its political arm […]
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Afghani peace taks to be held in Qatar

3 years ago
The latest round of peace talks between the United States and the Taliban will begin in Doha this week and include Taliban political chief Mullah Abdul Ghani Baradar, Qatar said on Sunday, despite earlier reports suggesting his absence. The talks are expected to center around a ceasefire to end America’s longest war and the withdrawal […]
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Security cooperation top priority at Arab Leauge-EU summit

3 years ago
Arab and European states sought common ground on security threats and regional crises including Yemen, Syria and Libya on Sunday at their first joint summit held in Egypt’s Red Sea resort of Sharm el-Sheikh. Officials said the summit was neither about Brexit - which British Prime Minister Theresa May was discussing with other leaders on […]
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Abu Dhabi gives biggest crude discount since 2017 in contest for Asian buyers

3 years ago
Abu Dhabi’s flagship Murban crude has sold at a discount in Asia to its official selling price (OSP) for four straight months - the longest stretch in nearly two years - as buyers opt for cheaper U.S. and European supplies, according to trade sources and Refinitiv data. Cargoes bought for loading in the first four […]
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