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ABU DHABI / WAM With effective and timely action, the world’s most valuable resource – its oceans – could be saved. In creating a sustainable ocean economy, countries around the globe have a real chance at protecting their biodiversity and safeguarding their food and climate security. These were the key takeaways on day one of the sixth World Ocean Summit, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the allocation of AED1 billion for infrastructure projects in Fujairah as part of the 2017-2021 five-year plan being implemented by the Ministry of Infrastructure Development on the eastern coast. His Highness also approved the allocation of AED400 million to build ...

Dubai / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, on Tuesday inaugurated Middle East Electricity 2019 – the 44th edition of the region’s leading event for the power industry. Held under the patronage of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and hosted by ...

Dubai / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, issued the financial circular No. (10) for 2019 on the preparation of the draft general budget of the federation for the fiscal year 2020. This year is the fourth of the five-year plan for 2017-2021, and the circular set March 22 ...

Bloomberg Nine days after Juan Guaido’s attempt to spark a military rebellion with deliveries of humanitarian aid to Venezuela, he returned to acknowledge failure and warn supporters they face a long struggle for democracy. “Can we call February 23 a success? Obviously not,” Guaido told supporters at a Caracas rally. “The world will help us, but it is up to ...

Bloomberg China lowered its goal for economic growth and announced a major tax cut, as policymakers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the US. The gross domestic product (GDP) growth target released on Tuesday morning in Premier Li Keqiang’s annual work report to the National People’s Congress was ...

Bloomberg Seven of the top 10 most polluted cities in the world are in India, according to a new study showing South Asia’s battle with deteriorating air quality and the economic toll it’s expected to take worldwide. Gurugram, located southwest of India’s capital New Delhi, led all cities in pollution levels in 2018, even as its score improved from the ...

Bloomberg The US is giving American exporters a sizable tax break on the goods and services they sell overseas. But the benefit might not be enough to convince Corporate America to expand its US operations beyond what it was already planning. Instead, the deduction may be going to companies that were already going to export with or without the tax ...

Bloomberg Vodafone Group Plc plans to raise about 4 billion euros ($4.5 billion) selling bonds convertible into shares to fund the acquisition of some of Liberty Global Plc’s European businesses without weighing down the phone giant’s balance sheet. The two sets of sterling-denominated securities, announced on Tuesday, will help pay for the $22 billion purchase of Liberty Global’s German and ...

Bloomberg Qualcomm is putting the value of its patent portfolio on the line in a California courtroom in its hometown to try to make Apple Inc. pay for using technology the chipmaker credits for the iPhone’s commercial success. It’s the first time a US jury will have a say in the two-year, sprawling global battle between the tech giants. Qualcomm ...