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DAMMAM / WAM The UAE Armed Forces are participating in the final maneuvers of the region’s largest scale military drill ‘Joint Gulf Shield I’ with the participation of 24 friendly Gulf, Arab and Muslim countries. The drills will also be witnessed by Arab and Muslims leaders and heads of state on Monday in the Saudi Eastern Province. “The drills reinforce ...

Bloomberg The US, UK and France hit targets in Syria in retaliation for an apparent chemical weapons attack outside Damascus by Bashar al-Assad’s regime. The US allies sought to shore up international support on Saturday after overnight strikes. President Donald Trump said that missile strikes focussed on chemical weapons sites, and the Pentagon said a research center and weapons storage ...

Bloomberg Fortis Healthcare Ltd. said it has received a joint investment proposal from two Indian business families, intensifying a race to gain control of the country’s second-largest private hospital chain. Hero Enterprise Investment Office and the Burman Family Office have made a binding offer to invest a total of 12.5 billion rupees ($192 million) through a preferential share allotment at ...

Bloomberg Billionaire Mukesh Ambani’s plan to roll out broadband internet services to Indian households this year under Reliance Jio Infocomm Ltd. has the potential to alter the segment’s competitive landscape, credit rating company S&P Global Ratings says. The new service may add $5 billion to parent company Reliance Industries’ valuation, according to CLSA India. The brokerage firm anticipates a $611 ...

London / Reuters European Union regulators urged banks, investors and customers to take “timely action” to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit. Britain leaves the EU in March 2019 and a “standstill” transition deal until the end of 2020 agreed last month won’t be formally ratified until October or later. “Contingency planning should consider timely ...

London / Reuters Avast, the world’s largest consumer antivirus supplier by customers, said it will apply to list its shares on the London Stock Exchange in what could be a blockbuster float expected to value the company at around $4 billion. The listing, which is anticipated in early May, will see a free float of at least 25 percent of ...

Bloomberg As recently as January, trading Europe was a pretty straightforward prospect as the euro gained, stocks joined the global rally, and credit spreads ground ever-tighter. What a difference a few months makes. The best year in a decade in terms of euro-area growth has given way to a series of surprisingly weak economic readings across the 19-nation bloc. The ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received on Wednesday the Director of the US Federal Bureau of Investigation (FBI), Christopher A. Wray. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, was also present during the meeting. His Highness Sheikh ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, asserted that the UAE has chosen to adopt the development of ‘Future Industry’ in various aspects as means of development on its way of becoming a world leader in adopting technology. Comments by His Highness Sheikh ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, is spearheading a delegation from Abu Dhabi at this year’s Riyadh Travel Fair, till April 13 in Saudi Arabia’s capital. Now in its 10th edition, the trade show plays a strategic role in gathering major travel, tourism, and hospitality decision-makers from both the public and private sectors ...