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Dubai / Emirates Business The Middle East and North Africa (Mena) region is embarking on an unprecedented programme to develop renewable energy, with more than 67GW of clean energy projects at various stages of the design and study stage, according to Renewable Energy in the Mena Region 2017, a new report from business intelligence service MEED. MEED estimates that this ...

SHARJAH / WAM In a move focused on pushing the innovation agenda in the UAE, a delegation from Sharjah Department of Statistics and Community Development (DSCD) visited the Mohammed bin Rashid Centre for Government Innovation (MBRCGI). During the visit, the DSCD was able to find out more about the best practices adopted by the centre to develop the business environment ...

Bloomberg President Donald Trump sought to impose order in his White House in the face of a widening Russia probe, ending a tumultuous week by appointing a new lead lawyer, sidelining his old one and hiring a new communications director as two top spokesmen quit in protest. The changes leave Trump with new leaders on his legal and communications teams ...

Bloomberg On the edge of one of India’s biggest slums, Alauddin Ansari opens a paper ledger of daily sales at his small leather shop and points to a blank page. That’s the tally for today. Nothing. Before Prime Minister Narendra Modi introduced the country’s new goods and services tax on July 1, Ansari said he was earning 6,000 rupees ($93) ...

Bloomberg Tata Group, the Indian conglomerate that manages more than 100 operating companies, is weighing a plan to streamline its technology and infrastructure businesses, people with knowledge of the matter said. The conglomerate is considering a restructuring that would see several of its technology businesses moved under publicly traded Tata Consultancy Services Ltd., according to the people. TCS, Asia’s largest ...

Bloomberg Blackstone Group LP rode a widespread market advance in the second quarter, earning 36 percent more than a year earlier. The results fell short of analysts’ estimates as a downturn in energy prices hit private equity holdings. While the asset manager’s public holdings — shares of companies it’s taken public — tracked positively, private investments were “pressured by the ...

Bloomberg McCormick & Co. agreed to acquire Reckitt Benckiser Group Plc’s food business for $4.2 billion, adding French’s mustard and Frank’s RedHot sauce to its lineup of spices and seasonings. The deal brings a stable of well-known condiments to Sparks, Maryland-based McCormick. For Reckitt Benckiser, unloading the products continues an overhaul that began with an expansion into baby formula through ...

BEIJING / WAM UAE Minister of State, Dr Sultan Ahmed Al Jaber, met on Wednesday with the Foreign Minister of the People’s Republic of China, Wang Yi, to discuss means of enhancing political, social, economic and trade relations between the two countries. Dr Al Jaber’s discussions with the Foreign Minister also included an exchange of sha- red views on extremism ...

DUBAI / Emirates Business The United Arab Emirates is most prepared for change among the Middle East and North African (MENA) countries, and the third most prepared in the world, KPMG’s 2017 Change Readiness Index (CRI) showed. The leading global audit, tax and advisory firm, launched the 2017 KPMG International Change Readiness Index, ranking 136 countries for their capacity to ...

TBILISI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with the Foreign Minister of Georgia, Mikheil Janelidze to discuss means of enhancing and developing bilateral relations between the two countries. During the meeting, which was held as part of Sheikh Abdullah’s official visit to Georgia, the two ministers also reviewed the ...