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Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Monday launched the Dubai International Best Practices Centre (DIBPC) on the sidelines of the World Government Summit, being held at Madinat Jumeirah, Dubai. The Crown Prince of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Monday at Al Bahr Palace, Maria Fernanda Espinosa, President of the United Nations General Assembly (UNGA), at Al Bahr Palace, on Monday. Espinosa is currently visiting the UAE to take part in ...

DUBAI / wam The Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), described the UAE economy as “exemplary for emerging economies.” “I am very impressed by the economic diversification efforts made by the UAE and the new and innovative ways adopted by the country to accelerate new and innovative ideas, as well as increase and diversify foreign ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, is supporting the seventh edition of the World Government Summit (WGS 2019), as a strategic partner, and participating in several crucial sessions and meetings. At WGS 2019, the fund was recognised by the Global Council for Sustainable Development Goals for its efforts ...

Bloomberg President Donald Trump is set to meet North Korea’s Kim Jong-un in less than three weeks, yet the biggest question hanging over the leaders’ second summit is why they’re even having it. Since their historic face-to-face meeting in Singapore eight months ago, North Korea has made little progress towards giving up its nuclear weapons and continues to do what ...

Bloomberg The downward pressure on China’s consumption persisted over the Lunar New Year holiday, the annual festival when people travel, shop, and give gifts or money. People in China spent 1.01 trillion yuan ($149 billion) at restaurants, shopping malls and online outlets over the week-long holiday, according to the Ministry of Commerce. That was 8.5 percent higher than during last ...

Bloomberg What kind of financial blow has the widening scandal surrounding Carlos Ghosn delivered to Nissan Motor Co. and Renault SA? Investors are about to get a glimpse when closely watched earnings releases come out this week. The alliance partners have spent the last two months coping with a major reputational hit from Ghosn’s arrest, indictments by Tokyo prosecutors over ...

Bloomberg The UK economy buckled under the strain of Brexit uncertainty in the fourth quarter. Gross domestic product (GDP) increased a smaller-than-forecast 0.2 percent, compared with 0.6 percent in the third quarter. December alone saw the economy shrink by 0.4 percent, the most since before the 2016 vote to leave the European Union. The slowdown over the quarter came as ...

Bloomberg Shares of drugmaker Bristol-Myers Squibb Co. gained, with acquisition target Celgene Corp. falling after activist hedge fund Starboard Value was said to have taken a stake in Bristol-Myers. The size of Starboard’s stake and any plans that Jeff Smith’s hedge fund might have for its investment in the $81 billion drugmaker couldn’t immediately be learned when Bloomberg reported the ...

Bloomberg Europe’s scooter startups Tier Mobility and Voi Technology AB have held early-stage discussions to combine their operations, in response to the impact of larger US rivals on the continent, according to people familiar with the discussions. The talks, which started in November, recently stalled after Voi concluded that it could continue its growth independently, one person said. All of ...