2018 January 05 | Arab News Updates

Daily Archives: January 5, 2018

China International Import Expo To Debut In Shanghai, Helping Boost World Trade

SHANGHAI, Jan. 5, 2018 /PRNewswire/ — In a significant move to further support the growth of global trade, China International Import Expo (CIIE) will launch its first exhibition at National Exhibition and Convention Center (Shanghai) from 5 to 10, November 2018. With an exhibition area covering over 59 acres (240,000 square meters), CIIE signals the Chinese government’s latest push towards a new era of high-level opening-up, and is an important landmark in the continual opening of the Chinese market to the world. It is also a historic opportunity for companies across the world to take their first steps towards entering the huge Chinese market. The Expo is expected to attract about 150 thousand professional purchasers from over 100 countries and regions.

China International Import Expo To Debut In Shanghai, Helping Boost World Trade

China International Import Expo To Debut In Shanghai, Helping Boost World Trade

“With the world’s largest population and the second largest economy, China is the second largest importer and consumer in the world. Chinese consumers have a rapidly-growing demand for high quality products and services. In the next five years, China is expected to import US$10 trillion worth of products and services,” said Sun Chenghai, Deputy Director General of CIIE Bureau. “Hosting CIIE is an effort by the Chinese government to create an open platform where nations and companies from around the world can introduce themselves to the vast Chinese market and explore opportunities for local cooperation.”

The Expo will consist of the Country Pavilion for Trade and Investment Area, and the Enterprise and Business Exhibition Area. The first Hongqiao International Trade Forum will also be hosted during the Expo, along with other supporting activities such as supply-demand matchmaking meetings, seminars and new product releases.

The Country Pavilion for Trade and Investment is exclusively reserved for national exhibitions. Countries and regions will be invited to showcase their strengths in the areas of trade and investment, including goods and services, industrial development, investment and tourism, as well as representative products. The Chinese government will provide exhibition space free of charge for all countries joining the Country Pavilion. China will also provide some direct aid and logistical support available for developing countries.

The Enterprise and Business Exhibition Area will consist of displays of goods in different categories, including:

  • High-end Smart Equipment
  • Consumer Electronics & Appliances
  • Automobiles;
  • Apparel, Accessories & Consumer Goods
  • Food & Agricultural Products
  • Medical Equipment & Medical Care Products

The sections for services will include:

  • Tourism
  • Emerging Technologies
  • Culture & Education
  • Creative Design
  • Service Outsourcing

Cost to exhibit in the Enterprise and Business Exhibition Area will be shouldered by exhibiting companies (with an early bird 20% discount till Jan 31, 2018). Companies that are interested in attending the first CIIE can visit http://www.ciie.org/zbh/en/ and register by June 30, 2018.

“The first CIIE will not only help satisfy the demands of Chinese consumers for better products, but also encourage countries to develop products and services that will help them to boost trade, further advancing economic globalization and an open world economy ” remarked Sun Chenghai.

About China International Import Expo

China International Import Expo (CIIE) is a joint initiative of the Ministry of Commerce of the People’s Republic of China, and the Shanghai Municipal People’s Government, with support from international organizations including the World Trade Organization, the United Nations Conference on Trade and Development, and the United Nations Industrial Development Organization. It is organized by the CIIE Bureau and National Exhibition and Convention Center (Shanghai) Co., Ltd.

For more information, please visit: http://www.ciie.org/


Etihad Guest Expands Travel Redemption Programme With Points Travel

Members of Etihad Airways’ loyalty programme to gain access to over 300,000 hotels and 500,000 rental cars‎ worldwide

ABU DHABI, United Arab Emirates and TORONTO, Jan. 04, 2018 (GLOBE NEWSWIRE) — Etihad Guest, the award-winning loyalty programme of Etihad Airways, and Points, the global leader in powering loyalty commerce, today expanded their partnership to include Etihad Guest Travel Rewards based on the industry leading Points Travel service for access to hundreds of thousands of hotels and cars at the click of a button.

Etihad Guest Travel Rewards will allow members to spend and book their miles on over 300,000 competitively-priced hotels and 500,000 rental cars across the globe. Through a single integration with the Canadian-based Points Travel service, Etihad Guest’s five million members will have the ability to fully redeem with miles, or a combination of miles and cash, any hotel booking or car rental, a brand new reward that significantly enhances the value of the Etihad Guest loyalty currency.

Yasser Al Yousef, Etihad Guest Managing Director, said: “At Etihad Guest, we constantly strive to innovate and are proud to grow our partnership with industry leaders like Points to enhance our Guest Miles redemption proposition by focusing on delivering additional value to our members.”

“This partnership expands the benefits offered to our members ensuring they have more products to choose from across the hotel industry and car rental sector worldwide at the click of a button for a seamless booking service. Guests are increasingly looking for more choice, more flexibility and more options and we are delighted to boost our portfolio that will complement the already strong travel products redeemable through our association with sister operation Etihad Holidays, the tour operating arm of Etihad Airways.”

Etihad Airways first partnered with Points in 2014 and expanded the relationship earlier in 2017 to include a number of Points’ Loyalty Currency Retailing services that enable members to get more out of their participation by easily purchasing new or reinstating expired miles.

“We’re excited to expand our partnership with the Etihad Guest programme,” said Rob MacLean, CEO of Points. “Through Points’ suite of loyalty commerce services, we can help Etihad Airways better engage with their loyalty members by providing opportunities for them to earn and then use their reward miles with more flexibility. Ultimately, we’re confident that this will continue to drive increasing value for all stakeholders.”

For more information, visit the Etihad Guest implementation of the Points Travel platform at travelrewards.etihadguest.com

About Etihad Guest

Etihad Guest is the frequent flyer programme of Etihad Airways, the national airline of the United Arab Emirates. The programme has over five million members who are able to earn Etihad Guest Miles on flights operated by Etihad Airways and partner airlines, hotels and car rental companies. Guest Miles can also be used to purchase flights, upgrades and thousands of products from the online Etihad Guest Travel Rewards Shop. To join Etihad Guest, visit www.etihadguest.com or for more information on the rewards shop, visit www.rewards.etihadguest.com

About Etihad Aviation Group

Etihad Aviation Group (EAG) is a diversified global aviation and travel group comprising five business divisions – Etihad Airways, the national airline of the United Arab Emirates, Etihad Airways Engineering, Etihad Airport Services, Hala Group and Airline Equity Partners.

From its Abu Dhabi base, Etihad Airways flies to, or has announced plans to serve, more than 100 passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia and the Americas. The airline has a fleet of over 120 Airbus and Boeing aircraft. In 2013, it placed firm orders for 204 aircraft, which included 71 Boeing 787s, 25 Boeing 777Xs, 62 Airbus A350s and 10 Airbus A380s. For more information, please visit: etihad.com

About Points

Points, publicly traded as Points International Ltd. (TSX:PTS) (Nasdaq:PCOM), provides loyalty eCommerce and technology solutions to the world’s top brands to power innovative services that drive increased loyalty program revenue and member engagement. With a growing network of over 50 global loyalty programs integrated into its unique Loyalty Commerce Platform, Points offers three core private or co-branded services: its Buy Gift and Transfer service retails loyalty points and miles directly to consumers; its Points Loyalty Wallet service offers any developer transactional access to dozens of loyalty programs and their hundreds of millions of members via a package of APIs; and its Points Travel service helps loyalty programs increase program revenue from hotel bookings, and provides more opportunities for members to earn and redeem loyalty rewards more quickly. Points is headquartered in Toronto with offices in San Francisco and London.

For more information, visit company.points.com, follow Points on Twitter (@PointsLoyalty) or read the Points blog.

For further information, contact:

Updesh Kapur
Etihad Airways Corporate Affairs
+971565461402 (UAE)

Catherine Lowe
Points Media Relations
+1649-539-1310 (Canada)

OIC deplores missile attack on Najran

The Organization of Islamic Cooperation (OIC) on Friday sharply condemned a ballistic missile attack by Yemen’s Houthi militias on the Saudi city of Najran.

OIC Secretary-General Yousef A. Al-Othaimeen said the continued launching of ballistic missiles towards Saudi Arabia proves Houthi militias’ non-stop hostile and criminal approach aiming at disrupting the kingdom’s security and stability.

Al-Othaimeen reiterated that his organization completely stands by the kingdom and backs all measures taken by the Saudi government to maintain Saudi security and stability.

The OIC chief commended the Saudi Air Force for intercepting and destroying the ballistic missile launched by Houthi militias.

The Saudi-led Arab Coalition Forces for Supporting the Legitimacy in Yemen said earlier Friday that it had intercepted a ballistic missile launched from Yemeni territory at the Saudi city of Najran.

Source: Kuwait News Agency

Kuwaiti oil price up USD 1.14 to USD 64.94 pb

The price of Kuwaiti crude oil was up USD 1.14 to USD 64.94 per barrel (pb) Thursday, compared to last Wednesday’s ‘s USD 63.80 pb, Kuwait Petroleum Corporation said Friday.

Meanwhile, the Brent Blend was up 23 cents to USD 68.09 pb, also did the US crude with 38 cents up to USD 62.01 pb

Source: Kuwait News Agency

French, Turkish leaders discuss bilateral, EU, regional issues

French President Emmanuel Macron on Friday hosted his Turksih counterpart Recep Tayyip Erdogan for talks at the Elysee Palace which dealt principally with bilateral, regional and European Union issues and outlined differences on rule of law issues and the impact on Turkey’s bid to join the EU.

Speaking at a joint press conference, Macron said that there were “disagreements” regarding “invidual freedoms” and the respect for rule of law in Turkey, even though the French leader said he understood the “context” of Turkey’s fight against terrorism and the security imperatives of that country.

Given the current situation, Macron said he saw that “no progress is possible” in Turkey’s move to join the 27-nation European Union because of the repressions following a failed coup d’etat in Turkey in 2016.

“Recent developments and choices do not allow for progress in this process,” the French leader said.

Macron also said that he had brought up several cases with Erdogan with relevance to France’s desire to see rule of law and democratic principles respected in Turkey. These included mass arrests at the University of Galatasaray which France has helped sponsor and he also refered to his personal intervention to secure the release of two French journalists detained for months in Turkey.

The question of the University of Galatasaray is “an essential pillar of our bilateral cooperation” and Macron insisted that this issue is of importance to France.

He also broached the issue of the arrest of several Turkish journalists and leaders of NGO groups in Turkey. The French leader said he had “transmitted a list (of names) to President Erdogan” and these cases continued to be discussed. He further spoke out for the defence of rule of law and democracy as he said this was also a crucial element in the fight against terrorism.

Given the current situation, Macron said he saw no potential membership for Turkey of the European Union and that a “partnership” accord would be more suited to the context at this time.

He vowed to continue a “demanding dialogue” with Ankara and to continue to develop ties that could benefit both nations.

For his part, the Turkish President said in the press conference that the process of joining the EU had lasted 54 years and Turkey was an exceptional candidate and he did not understand why Turkey was continually blocked as the process evolved.

“We are seriously tired with this process,” he affirmed, adding that Turkey may be forced to make a decisoin regarding the EU process.

At the same time, he said that cooperation between France and Turkey on the fight against terrorism was “exemplary” and economic cooperation was also on the right track and had reached Euros 20 bilion, annually.

He called for better solidarity on the level of trade relations between the two nations

Source: Kuwait News Agency

US sanctions four Venezuelan officials for corruption

The US issued sanctions against four Venezuelan government officials tied to corruption and repression in the South American country. “President Maduro and his inner circle continue to put their own interests above those of the Venezuelan people,” said Treasury Secretary Steven Mnuchin. “This action underscores the United States’ resolve to hold Maduro and others engaged in corruption in Venezuela accountable.” The sanctions against current and former Venezuelan officials who the Treasury Department says are part of President Nicolas Maduro’s inner circle and involved in military corrupt schemes and repression of citizens.

They include Rodolfo Clemente Marco Torres the former Minister of Food, Francisco Jose Rangel Gomez, a retired Division General for the Bolivarian National Guard, Fabio Enrique Zavarse Pabon, the State Minister for the New Border of Peace, and Gerardo Jose Izquierdo Torres, Major General of the Venezuelan Army. The US says the designations highlight that corruption and repression continues under the Maduo regime. Venezuela is expected to be one of President Donald Trump’s top foreign policy priorities, after Iran and North Korea. The Trump administration leveled several rounds of sanctions against dozens of Venezuelan officials in late July and early August, calling Maduro a “dictator” and directing sanctions against him specifically.

Source: Kuwait News Agency