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#1 von ding2018 , 30.08.2018 04:12

DUBAI, Nov. 19 (Xinhua) -- The Abu Dhabi Fund for Development (ADFD) said Saturday it signed a concessionary loan agreement worth 40 million U.S. dollars with Morocco's national railway operator ONCFM to finance the construction of a high-speed train between the cities of Tangier and Kenitra, ADFD said in a statement.


Complementing ADFD's first installment of 100 million U.S. dollars released in 2010 for the rehabilitation of the track's infrastructure and foundation systems, "this second installment will be used to finance the launch of a 200 km long, 320 km per hour high-speed train that connects both hubs by 2018," said the government-controlled ADFD.


Tangier is located in northern Morocco, west of the Straits of Gibraltar, while Kenitra is a coastal city on the Atlantic coast located north of the Moroccan capital of Rabat.


The agreement was signed in Morocco between Mohammed Saif Al Suwaidi, director general of ADFD, and Mohamed Rabie Khlie, CEO of Office Nationale des Chemins de Fer du Maroc (ONCFM).


Al-Suwaidi said "our devotion is steadfast, our support is unwavering and we will continue to meticulously fund and invest in socio-economic development projects to alleviate living standards across the board."


Boussaid commended the UAE's dedication toward the sustained progress of emerging nations. Both countries are Arab monarchies and enjoy traditionally close political and economic relations.


The entirety of the Tangier-Kenitra high-speed train project amounts to 140 million dollars, bringing ADFD's current sum expenditure in Morocco to 2.40 billion dollars. Enditem

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NEW YORK Nike Air More Uptempo Schweiz , Nov. 6 (Xinhua) -- U.S. stocks closed mixed after wavering in a tight range Friday, as a much-better-than-expected jobs report for October bolstered the case for a December rate hike by the U.S. Federal Reserve.


The Dow Jones Industrial Average rose 46.90 points, or 0.26 percent, to 17,910.33. The S&P 500 edged down 0.73 point, or 0.03 percent Nike Vapormax Off White Schweiz , to 2,099.20. The Nasdaq Composite Index gained 19.38 points, or 0.38 percent, to 5,147.12.


U.S. total nonfarm payroll employment increased by 271,000 in October Air Jordan 1 Off White Schweiz , soundly beating market estimates, and the unemployment rate was unchanged at 5.0 percent, the U.S. Labor Department said Friday.


Average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents to 25.20 U.S. dollars, also above market consensus.


""The overriding message from today's employment report is the soft patch is over and the rate hike is on,"" said Chris Low, chief economist at FTN Financial. ""We have to conclude a rate hike is coming (on) December 16 unless remaining data releases undermine the message from today's employment report.""


Chicago Fed President Charles Evans Nike Presto Off White Schweiz , a voting member of the Federal Open Market Committee, the U.S. Federal Reserve's policy-making arm, said Friday that the report was ""very good news"" and that strong jobs growth would help push up inflation.


U.S. Fed Chair Janet Yellen reiterated earlier this week that the central bank may decide to raise short-term interest rates at its December policy meeting if the U.S. economy is ""performing well.""


Overseas, European equities also finished mixed after the U.S. jobs report Friday. Germany's benchmark DAX index at Frankfurt Stock Exchange rose 0.92 percent, while British benchmark FTSE 100 Index fell 0.17 percent.


In Asia, Chinese shares surged for the third straight day Friday Nike Blazer Off White Schweiz , with the benchmark Shanghai Composite Index jumping 1.91 percent to hit 3,590.03, the highest since Aug. 21.


Chinese stocks performed well this week, after market sentiment was bolstered by the recent announcement of proposals for China's development blueprint for the next five years.


In a weekly basis, all three major indices extended their gains into a sixth straight week, with the Dow Air Force 1 Off White Schweiz , the S&P 500 and the Nasdaq up 1.4 percent, 1.0 percent and 1.8 percent, respectively.


The CBOE Volatility Index, often referred to as Wall Street's fear gauge, decreased 4.78 percent to end at 14.33 Friday.


In other markets, the U.S. dollar soared against other major currencies as the country's closely-watched nonfarm payroll report came out better than expected.


In late New York trading Nike Air Max 90 Off White Schweiz , the euro fell to 1.0747 dollars from 1.0883 dollars in the previous session, while the U.S. dollar bought 123.21 Japanese yen, higher than 121.69 yen of the previous session.


Oil prices decreased as the U.S. dollar rallied to its strongest level in nearly seven months.


Gold futures fell on the COMEX division of the New York Mercantile Exchange as a stronger U.S. dollar put pressure on the precious metal.


The most active gold contract for December delivery lost 16.5 dollars, or 1.49 percent, to settle at 1,087.70 dollars per ounce.

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GUANGZHOU Nike Off White The Ten Schweiz , Oct. 17 (Xinhua) -- A cutting-edge domestic steam generator Tuesday departed for the first demonstration nuclear power project using Hualong One technology, a domestically developed third-generation reactor design.


The Hualong One ZH-65 steam generator has a life span of 60 years with lower outlet humidity and a higher power-weight ratio than previous technology.


"The generator has demonstrated China's latest nuclear power equipment manufacturing technology," said Zeng Xianmao, chairman and general manager with the Dongfang Electric (Guangzhou) Heavy Machinery, producer of the generator.


The generator was developed by a team led by Zhang Fuyuan, chief designer at the Nuclear Power Institute of China.


It was designed for the No. 5 unit of Fuqing Nuclear Plant in Fujian Province Nike Air Footscape Magista Schweiz , a project of the China National Nuclear Corporation (CNNC).


The government has approved the Fuqing project to build six nuclear power units. The No. 5 and 6 units will be a pilot project also featuring Hualong One.


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