News

Mon, 25 Dec 2017 07:03:35 GMT

UAE telecom major launches 5G service

Etisalat, the most valuable telecommunications company in the UAE, announced on Sunday the successful launch of 5G service in the country, the first in the Mideast.

Mon, 25 Dec 2017 06:07:32 GMT

Turkey to employ 110K public servants next year

Binali Yildirim, the Prime Minister of Turkey stated that the country would hire an additional 110K public servants next year, including teachers, religious and medical personnel.

Mon, 25 Dec 2017 06:00:12 GMT

China anticipates industrial output to grow 6% in 2018

Chinese industrial production is set to expand nearly 6% over the course of 2018, following a 6.5% gain expected this year, the Industry Ministry stated.

Mon, 25 Dec 2017 05:17:07 GMT

Japan PM Abe satisfied with BoE Kuroda's work

Shinzo Abe, the Japan's PM, likely feels that the country's economy was in good shape, owing to the efforts by the BoJ Governor Haruhiko Kuroda, a government spokesman said.

Mon, 25 Dec 2017 05:13:55 GMT

Israel Central Bank examines issuing digital currency to quicken payments

The Bank of Israel was mulling the digital currency issuing to create faster payments and diminish the amount of cash, though no decision was made, the Bank's source said.

Mon, 25 Dec 2017 04:18:15 GMT

Swiss President aims to clarify country's position in EU

Doris Leuthard, the Swiss President, stated on Sunday that it would be helpful to conduct a referendum in Switzerland to determine the country's relations with the EU.

Mon, 25 Dec 2017 04:16:29 GMT

Guatemala's embassy to be moved to Jerusalem, in wake of US

Jimmy Morales, the President of Guatemala, was given instruction to relocate the country's embassy to Jerusalem, as the government backed the US over the city's status.

Mon, 25 Dec 2017 03:35:54 GMT

China to set M2 expansion goal at record low in 2018

China is expected to set the country's money growth target for next year at a historical low of 9% to contain asset bubbles and diminish debt risks.

Mon, 25 Dec 2017 03:35:24 GMT

Russia's FM sees economy growing 1.8%-2% this year

Anton Sulivanov, Russia's Finance Minister, stated that the Russian economy is anticipated to expand between 1.8% and 2% over the course of 2017.

Sat, 23 Dec 2017 21:01:56 GMT

Peru's Chlimper doubts that Kuczynski victory will last

Jose Chlimper, the Secretary General of the Peruvian right-wing Popular Force, said on Saturday that political scandal related to the country's President Pablo Kuczynski will likely to last despite a sudden victory achieved in Congress.

Sat, 23 Dec 2017 21:01:47 GMT

Kazakhstan to challenge decision of British court

The Kazakh Justice Ministry announced on Saturday it may challenge a decision made by the UK court in an attempt to get access to $22.6B in National Fund assets frozen by Bank of New York Mellon.

Sat, 23 Dec 2017 20:04:59 GMT

Italy's ruling party's rating drops as election nears

According to the survey published by the Ixe agency on Saturday, the country's ruling Democratic Party (PD) received only 22.8% of support due to internal clashes and banking scandal, while the opposition 5-Star movement got 29%.

Sat, 23 Dec 2017 20:04:53 GMT

Macedonia's opposition party names new leader

On Saturday, members of the main opposition party of Macedonia VMRO-DPMNE formally appointed Hristijan Mickoski instead of Nikola Gruevski as their new leader.

Sat, 23 Dec 2017 19:02:30 GMT

Amgen expects its US tax bill at $6B when repatriating cash

Amgen anticipated to incur from $6B to $6.5B tax expenses over time as the company repatriates cash it accumulated over the world due to the new tax law in the US.

Sat, 23 Dec 2017 18:57:58 GMT

Oil producers to talk over exit plans from output cuts

Oil producers are likely to go over exit strategy for oil production cuts deal once the market moves approached to be balanced, Russia's Energy Minister stated.

Sat, 23 Dec 2017 18:23:14 GMT

China to focus on curbing speculation, aiding first-time buyers in 2018

China is set to roll out housing market regulations in 2018 aimed at aiding first-time property buyers, curbing speculation in the same time, a government official stated.

Sat, 23 Dec 2017 18:22:14 GMT

Moscow ready for partnership with US on Afghanistan

The Russian Foreign Ministry said that Moscow was ready to cooperate with the US on Afghanistan, according to the interview with RIA news agency.

Sat, 23 Dec 2017 17:30:14 GMT

Russian ruling party wants ultimate victory of Putin at 2018 election

United Russia, the ruling party in Russia, sought the ultimate victory of the country's current president Vladimir Putin at the March's presidential election.

Sat, 23 Dec 2017 17:28:41 GMT

EDF completes 75.5% acquisition of Areva NP

French state-run utility EDF completed the 75.5% stake acquisition in Areva NP, the nuclear Areva group's construction unit.

Sat, 23 Dec 2017 16:32:52 GMT

ArcelorMittal aims to change buying contract with Ilva

Steel producer ArcelorMittal told commissioners ruling Italian Ilva plan that it wanted to change the buying contract, aiming to protect the company against legal challenges in the country.

Sat, 23 Dec 2017 16:31:40 GMT

EU governments confirm new aviation safety regulations

The EU member states accepted an agreement to reform the aviation safety agency of the bloc, including rules on the use of drones.

Sat, 23 Dec 2017 16:06:16 GMT

RBS to pay $125M to settle two pension funds' claims

Royal Bank of Scotland (RBS) will pay $125M in order to settle claims brought by two Californian pension funds over misrepresentation made during sale of mortgage-backed securities ten years ago.

Sat, 23 Dec 2017 16:05:59 GMT

Philippines losses more than 100 people in mudslides

According to local police, more than 100 inhabitants of the island of Mindanao died in deadly landslides and floods that were caused by another tropical storm.

Sat, 23 Dec 2017 15:08:18 GMT

Turkey plans to change UAE embassy street name

According to the Anadolu news agency, Turkish authorities want to change the name of the street where the UAE mission is located to Fakhreddin Pasha.

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