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ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced that it has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investors. To mark the occasion, a signing ceremony was held at Adnoc Headquarters with Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc ...

Abu Dhabi / WAM Given how uncertain and volatile the global economic and political landscape currently is, with market uncertainty pervasive and investor confidence deteriorating, global private equity firms are on the lookout for stable, new markets where they can be certain not just of promising returns on investment but also an investor-friendly regime. As a result, the UAE, with ...

MUSCAT / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, described the relations between the UAE and Oman as a distinguished example of “strong and well-established ties.” The minister made the remarks while addressing the UAE-Oman Economic Forum, which was held in Muscat to develop investment and business opportunities between the two nations. “The forum represents a practical translation ...

UMM AL QAIWAIN / WAM His Highness Sheikh Rashid bin Saud bin Rashid Al Mu’alla, Crown Prince of Umm Al Qaiwain and Chairman of the Umm Al Qaiwain Executive Council, took part in the ‘Walking Together’ initiative, which aims to support people of determination, as part of the preparations for the Special Olympic Games-Abu Dhabi 2019. Sheikh Rashid was joined ...

Bloomberg The US and China haven’t yet agreed on the critical issue of enforcement in a proposed currency deal that would ensure Beijing lives up to its promise to not depreciate the yuan, four people familiar with the matter said. Treasury Secretary Steven Mnuchin touted currency pact as the strongest ever, though he offered no details, following two days of ...

Bloomberg Huawei Technologies Co. would deny any Chinese government request to open up “back doors” in foreign telecommunications networks because they aren’t legally obliged to do so, the company’s chairman says. Liang Hua said the company had received an independent legal opinion about its obligations under Chinese law and said there is nothing forcing companies to create what he called ...

Bloomberg British Steel Ltd. may face a financial hit of 100 million pounds ($130 million) or more in three weeks’ time if Prime Minister Theresa May is unable to secure a Brexit deal, two people familiar with the matter said. The costs relate to the private equity-owned steelmaker’s carbon pollution bill for 2018, which is due for payment by March ...

Bloomberg A group of Microsoft Corp. employees are demanding that the company abandon a $480 million contract with the US Army to build versions of its HoloLens augmented reality headsets for the battlefield, the latest in a series of protests from workers at technology companies objecting to certain uses of the products they’re building. “We are alarmed that Microsoft is ...

Bloomberg There’s no dispute that a $48.9 billion merger announced in 2015 between health insurers Anthem Inc. and Cigna Corp. imploded two years later over antitrust concerns. Now, the question is whether one owes the other billions for the deal’s failure. A Delaware judge will start the process of deciding that pricey dispute on Monday in a trial of dueling ...

Bloomberg After days of preparation, the trucks rolled out. They bore beans, rice, sugar, salt and the possibility that Venezuela’s army would desert autocratic President Nicolas Maduro and the moribund nation might begin its revival. Instead, there came violent action but little motion. Maduro avoided a bloodbath despite a massive border face-off between protesters and soldiers. His army didn’t desert ...