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Daily brief: Dubai ruler launches UAE Food Bank, oil prices edge up

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the first UAE Food Bank, on the day marking the anniversary of his accession as a Dubai ruler.


Sheikh Mohammed bin Rashid Al Maktoum: 10 years of ruling Dubai

January 4, 2016 marks 11 years of the accession of His Highness Sheikh Mohammed bin Rashid Al Maktoum as the ruler of the emirate of Dubai. His Highness has driven the city forward, making it a global hub and an iconic, cosmopolitan city.

His Highness dedicated his accession day for the launching of the first UAE Food Bank, a non-profit charitable organisation committed to distributing food to those in need while eliminating food waste.


As-Safir newspaper releases last print issue

After 42 years in business, one of the most established newspapers in Lebanon, As-Safir, has released its final print issue on Wednesday. The newspaper announcing its termination in December, due to financial struggles.


(What next for Middle East’s media?)


Iraqi PM says Kurds exporting more oil than allocated

Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut.


UAE’s non-oil growth strengthens growth momentum

The non-oil private sector in the UAE has been witnessing a strengthened growth momentum at the end of 2016, as output growth races to reach a 16-month high, according to the Emirates NBD’s UAE Purchasing Managers’ Index (PMI). (READ MORE)


(UAE makes headway with revival plan after oil slump)


Oil prices edge up on expectations of tightening supplies

Oil edged higher on Wednesday, with top exporter Saudi Arabia expected to raise prices for its crude as part of planned supply cuts, although a strong dollar and moderate economic growth prospects restricted gains.


Turkey extends emergency rule by 3 months

Turkey’s parliament voted in favour of extending emergency rule by three more months, effective from January 19, state-run Anadolu news agency reported.

The rule had been imposed after a failed military coup on July 15, before being extended in October.


(Turkey finance minister: further tax cuts may be needed to boost growth)


More jobs for Omanis in private sector

The private sector is expected to create 12,000 to 13,000 job opportunities for national youth and recruitment in the public sector in 2017 will be very limited due to the challenges faced owing to the sharp fall of oil prices and higher spending on salaries and wages, local media reported.