Business

30 Oct 2019; MEMO: Israel’s Cabinet yesterday discussed the possibility of establishing a consultative body to monitor Chinese investment in the country, local media reported.

According to the Jerusalem Post, the Israeli security cabinet the meeting came in response to a US request, no details were issues as to whether to body would be setup.

Hyderabad, Oct 29 (PTI) The Congress on Tuesday claimed the RCEP agreement, likely to be signed by India next month, would be a 'jolt' to the country's economy and demanded that the government explain to the people the cost benefit analysis of the mega free-trade pact involving 16 countries.

Mumbai, Oct 29 (PTI) Budget carrier IndiGo announced on Tuesday it has placed a firm order for 300 A320neo family aircraft, comprising A320neos, A321neos and A321XLRs.

The airline, however, did not disclose the value of order.

With this, IndiGos total number of A320neo family aircraft order now stands at 730, the airline said in a statement.

29 Oct 2019; MEMO: Dubai has loosened its liquor laws in order to face the severe economic crisis that has affected the trade in alcohol, news agencies have reported. For the first time, Dubai now allows tourists to buy alcohol from state-owned markets, said Associated Press on Tuesday, whereas before only locals with special licences could do so.

Riyadh, Oct 29 (PTI) Saudi Arabia on Tuesday inaugurated a three-day high-profile financial summit, being attended by Prime Minister Narendra Modi and several other world leaders, aimed at drawing foreign investors to help the Gulf Kingdom diversify its oil-based economy.

The forum, dubbed "Davos in the desert", is an initiative of Saudi Crown Prince Mohammed bin Salman, who plans to diversify the Kingdom's economy while reducing its economic dependence on petroleum products under his ambitious vision 2030 plan.

29 Oct 2019; PTI: Business Wire India Merck KGaA Germany, a leading science and technology company, announced today the establishment of its Sustainability Centre in District 2020, Dubai.

LHASA, Oct 28 (NNN-XINHUA) – Over 8,000 tonnes of goods have been cleared to be exported to Nepal, through Zham port, in southwest China’s Tibet Autonomous Region, since it reopened in May.

According to the Xigaze government, an estimated 8,052 tonnes of goods, worth over 100 million yuan (about 14.1 million U.S. dollars), were exported via Zham, after the land port to Nepal resumed cargo transport on May 29.

Apples accounted for nearly one-third of the total trade, followed by other agricultural products, as well as, shoes and clothing, the local government said.

BUCHAREST, Oct 28 (NNN-AGENCIES) — Sporting yellow safety helmets, about 30 men are busy at work on a construction site south of Bucharest, exchanging a few words in Vietnamese.

Faced with a growing labour shortage which threatens their economies, Romania and Hungary are courting Asian workers, going against Hungarian nationalist Prime Minister Viktor Orban’s anti-immigration rhetoric.

“My friend, my friend,” a Romanian worker says to his Vietnamese colleague in English at the Bucharest construction site, trying to break the language barrier.

ABU DHABI, Oct 28 (NNN-WAM) – Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE’s Armed Forces, today received President Ueli Maurer of the Swiss Confederation, currently visiting the UAE.

While welcoming the country’s guest, at the Youth Centre, which opened in Abu Dhabi today, Sheikh Mohamed underlined the importance of further developing ties of friendship and cooperation, between the UAE and the Swiss Confederation, to serve the interests of the two countries and their peoples.

28 Oct 2019; MEMO: US President Donald Trump’s suggestion on Sunday that Exxon Mobil or another US oil company operate Syrian oil fields drew rebukes from legal and energy experts, Reuters reports.

“What I intend to do, perhaps, is make a deal with an ExxonMobil or one of our great companies to go in there and do it properly … and spread out the wealth,” Trump said during a news conference about the US special forces operation that led to the death of Daesh leader Abu Bakr al-Baghdadi.