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UAE reiterates firm stance against terror, extremism and sectarianism

  MARGARITA ISLAND / WAM “The UAE stands firmly against all forms of terrorism and religious extremism that destroy the social fabric of society, affect national harmony and threaten global peace and security,” said Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, at the 17th meeting of the Non-Aligned Movement (NAM), being held in Margarita, Venezuela. Making ...

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Second Global Solar Leaders Summit takes off in Dubai

  Dubai / Emirates Business HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) inaugurated on Monday the second Global Solar Leader’s Summit, which took place at Dubai World Trade Centre on September 19. The Summit highlighted the latest techniques in solar energy, and was attended by HE Dr Matar Al Neyadi, Undersecretary of ...

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Syrian army declares ceasefire over

  Damascus / AFP Syria’s armed forces said on Monday that a week-long ceasefire brokered by the United States and Russia was over, blaming rebels for the failure of the truce. US Secretary of State John Kerry said meanwhile that the terms had not been met for a key aspect of the deal — US-Russia cooperation against extremists in Syria. ...

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Gas giant Engie’s Luxembourg tax deals under EU scanner

  Brussels / AFP The EU launched an in-depth probe on Monday into alleged sweetheart tax deals between French gas group Engie and Luxembourg, taking on a major European multinational after similar high-profile investigations into US giants. “The Commission has concerns that several tax rulings issued by Luxembourg may have given GDF Suez (now Engie) an unfair advantage over other ...

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Slovak PM says EU will make Brexit painful for Britain

  London / AFP The European Union will make Brexit “very painful” for Britain, Slovak Prime Minister Robert Fico said in an interview published on Monday, adding that London was “bluffing” over its pre-Brexit negotiating power. “The EU will take this opportunity to show the public: ‘Listen guys, now you will see why it is important to stay in the ...

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Port of Melbourne leased for massive $9.7billion

  Sydney / AFP An Australian-led consortium with Chinese investment won a 50-year-lease on Monday on the nation’s biggest container and cargo port for Aus$9.7 billion (US$7.3 billion), the latest maritime asset to be privatised. The Port of Melbourne, which deals with more than 3,000 ships annually, was snapped up by a consortium including Australia’s second-largest wholesale funds manager the ...

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Hanjin cuts fleet, may face $1.7bn penalty

  Seoul / AFP Hanjin Shipping Co., the South Korean container line that sought bankruptcy protection last month, received a court advisory to return all chartered vessels to cut costs while the company is in the midst of reducing its fleet. Giving the ships back to the owners makes sense as they were chartered at high rates, a spokesman at ...

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Putin’s party scores crushing win

  Moscow / AFP Russia’s ruling United Russia party has won a record number of seats in parliamentary polls that could pave the way for President Vladimir Putin to glide to a fourth term in 2018 elections. With more than 98.3 percent of the ballots counted, United Russia had garnered 54.2 percent of the votes for parties, giving it a ...

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Call for streamlined approach to security in oil & gas sector

    Abu Dhabi / Emirates Business Organisations in the oil and gas industry must adapt to an increasingly interconnected energy landscape by taking a streamlined and coordinated approach to security, urge UAE and international experts. The promise of emerging technology brings with it a growing concern of data and infrastructure protection within the industry, which has proven to be ...

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Sharjah Libraries attends IFLA library congress

  Sharjah / Emirates Business Over 3,100 participants from 137 countries, including the Sharjah Libraries delegation from Sharjah Book Authority (SBA), attended the 82nd IFLA World Library and Information Congress (IFLA WLIC) — the annual flagship conference of the International Federation of Library Associations (IFLA) — held in Columbus, Ohio, USA. Over the course of its visit, the Sharjah Libraries ...

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