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Abu Dhabi / WAM Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, will undergo significant expansion over the next five years driven by its emergence as a hub for R&D and the commercialisation of clean technologies. “Around 35 percent of the planned built-up area will be completed over the next five years — up from ...

Istanbul / AFP Turkish authorities on Saturday raced to set up reception centres to process Syrian and other migrants two days ahead of the implementation of a hugely controversial deal with the EU for them to be sent back from Greece to Turkish soil. Turkey is due to start receiving migrants who crossed the Aegean Sea for EU member Greece ...

United Nations / AFP The UN Security Council unanimously backed a resolution that lays the groundwork for deploying a UN police presence in Burundi to help quell nearly a year of violence. Drafted by France, the resolution tasks UN Secretary-General Ban Ki-moon with drawing up within 15 days a list of options for the proposed police force, in consultation with ...

Ritika Sharma / Emirates Business As we advance towards technically intertwined work environment, it is imperative to be informed and alert about the possible cyber threats and the misuse of social media, UAE cyber experts warn. According to ‘Global Economic Crime Survey 2016: Middle East’ report by pwc, cybercrime has been cited as the second most reported economic crime affecting ...

Geneva / WAM The United Arab Emirates has said that it will support the voluntary, safe, and dignified return of Syrians to their homeland, once the foundations for peace has been laid in Syria. “But until that day comes, the UAE will continue to stress the importance of meeting the needs of refugees as well as the needs of host ...

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of DEWA, has highlighted some of DEWA’s most important initiatives to achieve the UAE Vision 2021 at a meeting with Dr. Thani Al Zeyoudi, Minister of Climate Change and Environment, at DEWA’s head office. He also threw light on the efforts to make the UAE one of the best countries ...

ABU / WAM Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, on Thursday announced its full year audited financial and operational results for 2015, showing that the revenues increased to AED 34.1 billion as profit remains stable at AED 1.2 billion. Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said: “Mubadala managed through the significant macroeconomic ...

Bloomberg From architects and airlines to insurers and accountants, Britain’s services powerhouse has much at stake in Prime Minister David Cameron’s “Brexit” gamble. A vote to leave the European Union in the June 23 referendum could hamper efforts to make it easier and cheaper to do business in the bloc, potentially costing service providers billions of pounds, analysts and trade ...

SHANGHAI / Reuters China’s Ministry of Finance unveiled details of its 2016 budget plans on Wednesday, with spending jacked up sharply on many items, including an 11-fold increase for “repairs” to 94 billion yuan ($14.54 billion). Other big increases have been made for health care and family planning, which will get a 47.2 percent boost to 12.43 billion yuan. Spending ...

New Delhi / Bloomberg India’s effort to clean up the world’s worst air is facing resistance from power producers who say the government is asking them to spend too much and revamp old plants too quickly. The nation’s first steps to limit toxic emissions from coal-fired power plants may cost 2.5 trillion rupees ($37 billion) and will take longer than ...