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GENEVA / WAM The Arab Federation for Human Rights studied the report by a group of experts on Yemen and considered it highly politicised and not in compliance with the fundamental standards and principles of international human rights reporting. The federation added the report aims to cover up crimes committed by Houthi militias and targets the Arab Coalition, instead of …

VIENNA / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR), has signed three Memoranda of Understanding on cooperation, exchange of technical information, capacity building, research and development. The three MoUs were signed on the sidelines of the 62nd IAEA General Conference in Vienna, Austria. FANR signed a cooperation agreement with the Nuclear Safety Authority of France for the exchange …

HADRAMAUT / WAM The Emirates Red Crescent (ERC), continues to provide relief aid to eligible households in Al-Reida and Qusayr districts of the Hadramaut governorate. Teams from the UAE’s premier aid arm have recently distributed 1,000 food baskets containing basic necessities to some 5,000 individuals in Qusayr. Since the beginning of 2018, marked as the ‘Year of Zayed’, more than …

Bloomberg India and Pakistan’s bitter rivalry is costing them $35 billion worth of annual trade, the World Bank said in a report. Someone might want to tell the two countries’ leaders — both of whom want to boost trade to battle widespread poverty. The World Bank called for South Asia, the world’s least economically-integrated region, to start cooperating instead of …

Bloomberg Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for profits. But this time there seems to be a bigger chance it will actually happen, according to analysts at Credit Suisse Group AG and Morgan Stanley. Some of the world’s biggest owners of rigs that drill oil wells in more …

Bloomberg Oman’s Renaissance Services SAOG, a service provider to the oil and gas industry, is considering an initial public offering for its Topaz Energy & Marine unit, according to people familiar with the matter. Renaissance, which has a market capitalisation of about $379 million, could seek a valuation of about $1.5 billion for the Dubai-based business, the people said. Goldman …

Abu Dhabi / WAM The UAE-Saudi non-oil trade has grown 1230 percent since the establishment of the GCC Customs Union in 2003 until H1 2018, according the statistics of the UAE Federal Customs Authority (FCA). The total non-oil intra-trade between the two countries amounted to AED720 billion ($196 billion) during the monitored period, with total UAE imports from the Kingdom …

ABU DHABI / WAM Al Dahra has announced that following its acquisition of Agricost and Braila Island, the largest consolidated farm in Europe, the company plans on investing an additional $500 million in Romania over the coming five years, in various sectors. This announcement coincides with a visit to Romania by a delegation comprising the executive leadership team from Al …

Bloomberg The Trump administration’s tariffs on another $200 billion in Chinese goods kicked in on Monday, ramping up a trade war between the world’s two biggest economies. The latest round of US duties took effect just after midnight Washington time on Monday on a list of products ranging from frozen meat to television components. China is poised to retaliate with …

DUBAI / WAM The race to become the world’s first smart city has become more exciting with recent and wider applications of disruptive technologies. The building blocks for smart cities will be showcased at the Future Cities Show (FCS), in April, 2019 in Dubai. With the theme ‘Propelling Globalisation through Digital Transformation’, FCS will support the growth of smart city …