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Bloomberg Russia’s Finance Ministry laid out its most ambitious borrowing programme yet with a plan to raise almost 5 trillion rubles ($80 billion) domestically over the next three years, even as warnings sound over the global buildup of debt and foreign investors turn cautious after US sanctions. Under the terms of a draft plan for 2019-2021, the government will borrow ...

Bloomberg Just as Prime Minister Theresa May softened her plan for leaving the European Union — a move that companies welcomed — the resignation of the UK’s top Brexit officials creates new uncertainty for business. Carolyn Fairbairn, the director-general of the Confederation of British Industry, called the weekend resignations of Brexit Secretary David Davis and his deputy, Steve Baker, a ...

Bloomberg Renewables can generate half of Britain’s power by 2030 without adding to consumer bills, potentially crowding out nuclear as a significant low carbon source of electricity. That’s the conclusion of the National Infrastructure Committee, an independent body that advises government on how to meet the country’s long-term needs for large construction projects. It recommended the government should make 50 ...

Bloomberg US President Donald Trump said he believed North Korean leader Kim Jong-un would keep his pledge to “denuclearise,” while suggesting that neighbouring China might be working to undermine talks. “I have confidence that Kim Jong-un will honour the contract we signed &, even more importantly, our handshake,” Trump said in a tweet, adding that Beijing “may be exerting negative ...

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, on Monday received at the Al Bahr Palace, several top-achieving male and female 12th Grade students from the 2017-2018 school year, as well as their parents. The meeting also saw the attendance of HH ...

BEIJING / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (Adnoc) Group CEO, held a series of meetings with Chinese oil, gas, refining and petrochemical industry leaders, focused on expanding and deepening investment and partnership opportunities across Adnoc’s integrated Upstream and Downstream value chain, during a visit to Beijing. Dr Al Jaber ...

Abu Dhabi / Emirates Business Adnoc Distribution announced it has been awarded the International Organization for Standardization Certification (ISO 50001) for its world class Energy Management System (EnMS). The certificate was presented to Adnoc Distribution’s Acting CEO Saeed Mubarak Al Rashdi by Matthew Skinner, Regional Managing Director (Gulf and Pakistan), Intertek Certification, an international accredited certifying body. The ISO 50001 ...

Dubai / WAM The Business Park at Dubai South recorded a 400% growth in companies operating in the park since its inception in early 2015 with the number of companies increasing from 900 in 2015 to 4,500 in 2018. An average of 1,500 new companies has joined the park each year. The park also has a high customer retention rate ...

Bloomberg Samsung Electronics Co. opened the world’s largest mobile phone factory in India, in a win for PM Narendra Modi’s flagship programme to lure investors to manufacture in the South Asian nation. The factory was inaugurated by Modi and South Korean President Moon Jae-in during their visit to the facility located at the outskirts of Delhi. This will double Samsung’s ...

Bloomberg Nissan Motor Co., the Japanese carmaker that was embroiled in a vehicle-inspection scandal last year, said it uncovered some instances of misconduct involving falsified data about exhaust emissions and fuel economy. The data falsification, which occurred on 19 models across five plants in Japan, was found out when the company was carrying out an internal check about employees conducting ...