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UAE looks to expand ties with friendly nations: Mohamed

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, and President Mahamadou Issoufou of the Republic of Niger, discussed on Monday, means to develop bilateral relations between the two friendly countries. Sheikh Mohamed bin Zayed welcomed President Issoufou and his accompanying delegation, adding ...

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Mansour inaugurates Sial Middle East, ‘dates exhibition’ in Abu Dhabi

Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Board of Directors of the Abu Dhabi Food Control Authority (ADFCA), on Monday inaugurated the 9th Sial Middle East Exhibition and the 4th Abu Dhabi International Dates Exhibition. The exhibitions are being held under his patronage and ...

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UAE to witness 20% growth in its economy in next two years

Sharjah / WAM The fourth edition of the Sharjah FDI Forum started on Monday, with optimistic comments by the UAE Minister of Economy and the Shurooq Executive Chairman about the nation’s readiness to promote foreign direct investments (FDIs), as an enabler of sustainable development, despite the slump experienced globally – especially in developed economies – in 2017. The two-day event ...

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Zayed Sustainability Prize’s ‘Guiding Light’ reaches Bolivia

ABU DHABI / WAM Following its successful launch in the Kingdom of Bahrain on December 5, the Zayed Sustainability Prize’s ‘Guiding Light’ campaign has arrived in Bolivia, and will ultimately result in the donation of 2,000 solar lanterns to off-grid communities, in the Municipality of San Juan. The 20×20 metre light installation, revealing the Zayed Sustainability Prize logo, was lit ...

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Ghosn, Nissan indicted in Japan over pay scandal

Bloomberg Carlos Ghosn and Nissan Motor Co. were indicted in Japan for understating the high-flying car executive’s income by $43 million, as Tokyo prosecutors pushed ahead with the criminal investigation that has shaken the global auto industry. Former Nissan representative director Greg Kelly was also indicted, three weeks after he and Ghosn were arrested in Japan and accused of financial ...

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Canada violated ‘pact’ in Huawei arrest: China

Bloomberg China accused Canada of violating a bilateral agreement by failing to speedily inform its consulate of the arrest of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou, as tensions between the nations continue to escalate. “According to the China-Canada consular agreement, if a Chinese citizen is arrested by the Canadian government, the Canadian government should immediately notify the Chinese ...

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Interserve confirms talks with lenders on deleveraging plan

Bloomberg Interserve Plc, which builds and maintains structures for the British government, is in discussions with its bankers about ways to cut its debt after revenue declined in the UK construction unit. It is working on a deleveraging plan that aims to cut its net debt to about 1.5 times earnings before interest, taxes, depreciation and amortisation, the company said. ...

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UK economy loses steam over Brexit woes

Bloomberg The UK economy lost momentum in the three months through October, a further sign of the toll being taken by Brexit uncertainty. Growth slowed to 0.4 percent from 0.6 percent in the third quarter, the Office for National Statistics said on Monday. In October alone, growth was just 0.1 percent, with the economy being spared a third month of ...

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Musk blasts SEC in ‘60 Minutes’ interview

Bloomberg Elon Musk, the chief executive officer of both Tesla Inc and Space Exploration Technologies Corp, opened up about his tumultuous year in a wide-ranging interview with CBS’s “60 Minutes.” Musk, 47, told anchor Lesley Stahl that none of his tweets have been censored since he reached a settlement with the US Securities and Exchange Commission in October. His problematic ...

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May delays vote on Brexit deal to avoid huge defeat

Bloomberg UK Prime Minister Theresa May is calling off a crucial vote in Parliament on whether to approve her Brexit deal, according to a person familiar with the situation. The vote in the House of Commons to endorse the terms of the UK’s split from the European Union was due to be held on Tuesday evening but is now set ...

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