Iran currency hits all-time low against dollar

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(Tehran) - The Iranian rial hit another all-time low against the US dollar in spite of central bank efforts to stem the decline. The rial has lost around 15 percent of its value on the open market in the past three days, bottoming at 128,500…

UAE, Mongolia discuss stronger bilateral relations

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(Ulaanbaatar) - Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, led the UAE delegation during its official visit to Mongolia. During the two-day visit, ways to enhance bilateral relations between the two countries…

UNRWA regrets US decision to cut funds

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(New York) - The UN Relief and Works Agency (UNWRA) has expressed deep regret and disappointment at the United States' announcement that it will no longer provide funding to the Agency. "This decision is all the more surprising given that…

OPEC, non-OPEC countries hit 109 % conformity level

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(Vienna) - OPEC and Non-OPEC countries participating in the "Declaration of Cooperation" have achieved a conformity level of 109 percent in July 2018, said the Joint Ministerial Monitoring Committee (JMMC) following a meeting to review the monthly…

President of Montenegro, Hamdan bin Zayed discuss advancing relations

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(Podgorica) - President of Montenegro, Milo Dukanovic, has received H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, and his accompanying delegation. Sheikh Hamdan conveyed the greetings of President His…

3rd Emirati-Turkmen Political Consultations Committee launched

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(Ashgabat) - The Third meeting of the Joint Emirati-Turkmenistan Political Consultation Committee began in Ashgabat, capital of Turkmenistan. The meeting was co-chaired by Ahmed Abdul Rahman Al Jarman, Assistant Minister for Human Rights…

Talks with Russian counterpart fruitful: Saudi FM

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(Moscow) - Saudi Minister of Foreign Affairs of the Kingdom of Saudi Arabia Adel bin Ahmed Al-Jubeir reaffirmed that the discussions he made with the Russian Foreign Minister Sergei Lavrov were fruitful and constructive as they dealt with bilateral…

Bahraini King, Egyptian President hold official talks

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(Manama) - HM King Hamad bin Isa Al Khalifa of Bahrain and President Abdul Fatah el-Sisi of Egypt held official talks to review ways to boost the fraternal bilateral relations at various levels in the interest of the two countries and their…

Turkey to buy advanced Russia air defence system

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(Istanbul) - President Recep Tayyip Erdogan said Turkey will buy some of Russia´s highly-sophisticated air defence systems "in the shortest time" -- a purchase that has alarmed Ankara´s NATO partners. "Turkey needs S-400s and its deal has…

Nestle seals deal to market Starbucks coffee around the world

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(Zurich) - Nespresso maker Nestle said it has sealed a deal to market the products of US coffee giant Starbucks around the world, outside of its cafes. Swiss food giant Nestle, which also produces Nescafe instant coffee, had announced in…

Trump threatens to withdraw US from WTO

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(Washington) - US President Donald Trump threatened in an interview with Bloomberg News to withdraw from the World Trade Organisation if “they don’t shape up,” in his latest criticism of the institution. Such a move could undermine…

DFSA, Singapore's Monetary Authority sign FinTech agreement

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(Dubai) - The Dubai Financial Services Authority, DFSA, and the Monetary Authority of Singapore, MAS, entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority. The agreement…

Dubai Duty Free recognised in Singapore

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(Dubai) - Dubai Duty Free was presented with its fifth Best Corporate Social Responsibility Practices Award at the 8th Asia Best Corporate Social Responsibility and Sustainability Awards, in Singapore. Hosted by the CMO Asia, a non-profit…

FNC, Council of Europe boosting ties

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(Abu Dhabi) - Dr. Amal Abdullah Al Qubaisi, Speaker of the Federal National Council, FNC, received Werner Amon, Vice President of the Parliamentary Assembly of the Council of Europe and Chairman of the Anti-Terrorism Committee of the Austrian…