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Bloomberg State Grid Corp of China will pay 2.57 billion euros ($3 billion) for an electricity network company in Chile, its first overseas deal in almost a year and a move that resumes its expansion abroad. The Spanish natural gas and power company Naturgy Energy Group SA said it agreed to sell its 96% stake in Chilean electricity networks unit ...

Bloomberg President Donald Trump appeared to accept for the first time that Joe Biden had been elected the next president, tweeting on Sunday that the Democrat “won because the Election was Rigged.” “NO VOTE WATCHERS OR OBSERVERS allowed, vote tabulated by a Radical Left privately owned company, Dominion, with a bad reputation & bum equipment that couldn’t even qualify for ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved the plan to resume assessments for the 2020 edition of the Dubai Government Excellence Program (DGEP). The assessments for the program, which were earlier scheduled for February and March 2020, had been postponed due to the ...

ABU DHABI / WAM The UAE leads the way as the strongest and most valuable brand in the Middle East and Africa (Mena) and ranked 18th globally at AED 2.45 trillion ($672 billion), according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy. The ranking places the Emirates at 18th, a rise of two places ...

DUBAI / WAM Noura bint Mohammed Al Kaabi, UAE Minister of Culture and Youth, has visited Dubai Design District, d3, a member of TECOM Group, for a tour of the outdoor installations and exhibitions at Dubai Design Week, the region’s largest cultural event held under the patronage of HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai ...

ABU DHABI / WAM Zaki Nusseibeh, Minister of State, led the United Arab Emirates delegation’s participation in the recently concluded Paris Peace Forum. The event is an annual forum that brings together participants from civil society, government, and the private sector to focus on innovative solutions for tomorrow. The UAE delegation also included Yacoub Yousef Al Hosani, Assistant Minister for ...

Bloomberg President Donald Trump’s appointment of Christopher Miller, a former Green Beret and White House counterterrorism coordinator, as acting defense secretary raises “two layers of fear,” the head of the House Armed Services panel said. The first is the “incredibly steep learning curve” on global military operations, options and controversies that Miller faces after Trump’s dismissal-by-tweet of Mark Esper as ...

Abu Dhabi / WAM Adnoc Distribution reported on Wednesday that its underlying Ebitda for the first nine months of 2020 grew to AED2,554 million, with net profit of AED1,581 million. For the third quarter, underlying Ebitda (Earnings before interest, taxes, and amortisation) was AED 1,132 million, while net profit stood at AED 671 million. Free cash flow generation remained solid ...

Abu Dhabi / WAM Etihad Airways announced a 49-hour National Day sale where customers can book a getaway with a AED 49 deposit and pay nothing until 21 days before their trip. “Travellers can jet off any time before September 30, 2021 for less, and lay back and relax at a luxury resort, explore ancient architecture or spend the weekend ...

Abu Dhabi / WAM Ahmed Ali Al Sayegh, UAE Minister of State, and Nikos Christodoulides, Minister of Foreign Affairs of the Republic of Cyprus, on Wednesday convened the inaugural virtual meeting of the UAE-Cyprus Joint Committee. In his remarks, Al Sayegh affirmed the strength of the two countries’ bilateral relationship, and pointed to the growing cooperation that the UAE and ...