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Beijing / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State met Zhang Yesui, Vice Minister of Foreign Affairs of the People’s Republic of China, in Beijing on Saturday. The meeting took place during Dr. Al Jaber ’s official visit to China to attend the Belt and Road Forum for International Cooperation, in Beijing. The ministers discussed the ...

Bloomberg India’s potential plan to sell only electric cars by the end of next decade would require nearly eight times the global stock of such vehicles, according to the International Energy Agency. The country would need to sell more than 10 million electric cars in 2030, compared with the almost 1.3 million on the road worldwide in 2015, the agency ...

Bloomberg The Hong Kong Monetary Authority tightened limits on bank loans to property developers, as it seeks to contain risks in the city’s booming real-estate market. From June 1, the caps for construction finance will be cut to 40 percent of site value and 80 percent of construction cost, with the overall limit reduced to 50 percent of the expected ...

Bloomberg An Indian environment ministry panel recommended to the government that it allow cultivation of a genetically-modified mustard variety, taking it closer to becoming the country’s first GM food crop for commercial production. The federal government will make a final decision in this regard, said Amita Prasad, an additional secretary with the environment ministry and chairman of the Genetic Engineering ...

Bloomberg At Area 15.1 of the sprawling Canton Fair in the southern Chinese city of Guangzhou, exhibitors from India, Pakistan and Turkey touted their wares to global buyers last week. Their presence at the gathering synonymous with China’s rise as the world’s manufacturing powerhouse illustrates the nation’s shift from sweatshops producing cheap jeans and towels toward branded goods with better ...

Bloomberg Anthem Inc.’s nearly two-year effort to buy rival insurer Cigna Corp. is officially dead. Anthem said that it won’t appeal a Delaware judge’s ruling late that Cigna can walk away from the $48 billion health insurance merger. That leaves the companies to fight over who’s to blame for the deal’s collapse. “The only surprise here is that it took ...

Bloomberg Home Capital Group Inc. said it’s seeking new sources of funding to counter a run on deposits and warned a failure of the Canadian lender would have “significant knock-on effects” in the mortgage market. The struggling lender has “breathing room” to stabilize finances and pursue options following an C$1.8 billion ($1.3 billion) plunge in deposits and a 60 percent ...

Sharjah / WAM His Highness Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, on Thursday inaugurated Medcare Hospital, located on King Faisal Street in Al Qasimia, Sharjah. H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah was present. As the first initiative of its kind, patients will be able to ...

Abu Dhabi / WAM Abu Dhabi Airports signed an MoU with the Abu Dhabi General Services Company, Musanada, to strengthen cooperation between the two entities in the areas of knowledge sharing and facility development, to further support the growth of the infrastructure sector in Abu Dhabi. The MoU was signed on Thursday by Abdul Majeed Al Khoori, Acting Chief Executive ...

DUBAI / WAM The Republic of Kazakhstan confirmed it will be participating in Expo 2020 Dubai. The announcement comes just weeks before the Central Asian nation hosts its own Expo in the capital city, Astana. Kazakhstan is the latest country to publically confirm it will have a pavilion at the first World Expo in the Middle East, Africa and South ...