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  Bloomberg BHP Billiton Ltd, the world’s biggest mining company, forecast that iron ore production could be flat this fiscal year, while it sees petroleum output declining as much as 17 percent and the prices of its top earning materials remaining volatile. Capital spending on oil assets will plunge 44 percent to about US$1.4 billion in the year, after petroleum ...

  Istanbul / AFP Turkish security forces and Kurdish militants are locked in a grinding conflict with no end in sight even after the botched coup, following a year of renewed fighting that has sown death and devastation in Turkey’s southeast. The coup bid on Friday to unseat President Recep Tayyip Erdogan was staged by disgruntled members of the Turkish ...

Washington / AFP With extremist attacks proliferating around the world, the United States has reassembled its coalition partners for meetings on Wednesday and Thursday to review a two-year-old war that has so far failed to eliminate the IS extremist group. The militant group may have lost ground in Iraq and Syria, but in recent weeks it has claimed horrific attacks in ...

  RITIKA SHARMA / Emirates Business National and international companies, with their operations in UAE, are doing their extra bit in enabling the country to exponentially grow in areas such as speed, connectivity and reliability. Helping the UAE to fast climb the ladder of digital transformation, corporates are investing huge money in infrastructure and global partnerships, thereby contributing towards a ...

  RITIKA SHARMA / Emirates Business For a city to become ‘smart’ it is the construction and transport sectors that make a huge difference, regional experts say. Pointing towards the effective strategies that the UAE is following, industry leaders are applauding country’s efforts in development of the aforesaid sectors. The UAE is preparing to showcase the latest of technologies across ...

  Bloomberg Theresa May’s first meeting with Angela Merkel in Berlin will involve more pleasantries than hard bargaining. A week after taking office as UK PM, May, 59, will be keen to size up the woman who will be one of her main interlocutors as she navigates Britain’s exit from the EU. The German chancellor, in office for almost 11 ...

  Bloomberg Morgan Stanley’s Matthew Hornbach called this year’s Treasury market rally. Now he’s revising his forecasts and is more bullish than just about anyone else. Ten-year U.S. yields will fall more than 50 basis points, or 0.5 percentage point, to 1 percent in the first quarter of 2017, according to Hornbach, the firm’s head of global interest-rate strategy in ...

  Bloomberg Sempra Energy says it’s more interested in making money from energy projects in Latin America than buying back shares. The San Diego, California-based utility owner said it’s scaling back its target for buying shares by $500 million and will instead use the cash to help build a $2 billion natural gas pipeline in Mexico. In fact, its Mexican ...

  Abu Dhabi / WAM The Executive Committee at the Executive Council, headed by Saeed Eid Al Ghafli, Chairman of the Executive Office, approved during its meeting an array of development projects in collaboration with the private sector worth a total of AED 470 million, in addition to making a number of decisions and adopting vital projects in the Emirate. In ...

  DUBAI / EMIRATES BUSINESS Dubai Land Department’s (DLD) Transactions Report, issued by Real Estate Research and Studies Department, announced that the total amount of real estate transactions recorded in the Emirate in the first six months of the current year reached a total of AED 113 billion, achieved through 28,251 sales, mortgages and other transactions. The report reveals that property ...