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Bloomberg The US is seeking support for a United Nations Security Council resolution condemning Venezuela’s government for blocking humanitarian aid from entering the country and calling on President Nicolas Maduro to hold new elections. The draft resolution calls for the “immediate start of a political process leading to free, fair, and credible presidential elections,” according to a copy of the ...

DUBAI / WAM The UAE called for developing legislation on the entry of global e-commerce platforms to the region’s markets and the development of local and regional electronic platforms to enhance competition and break monopolies. In an opening address at the main session of the Fourth Annual Arab Fiscal Forum organized by the IMF, Arab Monetary Fund (AMF), and the ...

DUBAI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has expressed his appreciation for the active role of local agricultural companies and national farms and their efforts in supporting and strengthening the productivity of the agricultural sector in the country. This came during Dr. Al Zeyoudi’s field tour to underline the ministry’s role in ...

Sharjah / WAM His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council, directed that an Innovation Award be launched at which he will honour the best three innovations presented by the participants as part of UAE Innovation Month in Sharjah starting next year. This was stated ...

Dubai / WAM The UAE is launching a fiscal risk management project with the IMF’s help and will produce its first fiscal stress test this year, according to Christine Lagarde, Managing Director and Chairwoman of the International Monetary Fund (IMF). Speaking at the main session of the Fourth Annual Arab Fiscal Forum organized by the IMF, Arab Monetary Fund, AMF, ...

Bloomberg The US has some “some hard work” to do with North Korea before President Donald Trump meets Kim Jong un in Vietnam later this month, according to its special envoy Stephen Biegun. Trump is “very much looking forward to taking the next steps,” according to a pool transcript of Biegun’s remarks on Saturday. The envoy on North Korea spent ...

Bloomberg Brexit is driving companies out of the UK, and the Netherlands is raking in the corporate refugees. About 250 companies are in talks with the Netherlands Foreign Investment Agency to potentially relocate activities to the country, according to a statement. The candidates would join 42 companies that made the move last year, and the 18 early birds in 2017. ...

Bloomberg German online payments firm Wirecard AG has seen its stock plunge by more than a third in recent days on reports of accounting misdeeds at its Singapore unit. Now, the company is fighting back by questioning the foundations of the allegations. A preliminary review last May by a respected Singapore law firm lists allegations of potential financial irregularities, money ...

Bloomberg Publicis Groupe SA is setting off alarm bells on Madison Avenue as the ad industry’s earnings season gets under way. The French owner of Saatchi & Saatchi and Leo Burnett Worldwide suffered a surprise drop in fourth-quarter sales, blaming cuts in ad spending by consumer brands in the US. So-called organic revenue fell 0.3 percent in the quarter, missing ...

Bloomberg Call it the Masayoshi Son mathematical distortion field. The founder of SoftBank Group Corp. added about 1.94 trillion yen ($17.6 billion) to the market value of his company— by unveiling a plan to buy back shares worth less than a third of that amount. Based on his own stake, Son’s net worth rose by about $5 billion. His fortune ...