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DUBAI / WAM Dubal Holding have announced that they have signed a Memorandum of Understanding, with Electricite De France (EDF) Group, to explore possible collaboration in the development of thermal power plants, technical support services, district cooling and sustainable energy solutions in the GCC, as well as “green” and electricity business opportunities in Brazil and elsewhere. The MoU was signed ...

ABU DHABI / WAM Hub71 on Wednesday announced the rolling out of a new Corporate Engagement Programme and strategy to provide corporates with access to high growth startups transforming their sectors and enabling startups with access to major corporates as customers during the Technology Innovation Pioneers (TIP) Summit 2020 at New York University Abu Dhabi. The innovation team of the ...

Dubai / WAM Enoc Group on Wednesday announced its plans to open 22 new service stations across the UAE by the end of 2020; ten in Sharjah, nine in Dubai and three in the northern regions. According to a press release issued by Enoc on Wednesday, the Group plans to bolster its retail network from its existing 136 service stations ...

DHAKA / WAM The Emirates Red Crescent (ERC) has continued providing humanitarian aid to Rohingya refugees in Bangladesh, upon the directives of the UAE’s leadership and the monitoring of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC). The aid includes the distribution of various relief materials that ...

Bloomberg The US is mulling a plan to withdraw from a global pact worth $1.7 trillion in government contracts, a person familiar with the matter said, in a move that may anger close allies during a delicate moment for trade. Officials in President Donald Trump’s administration are circulating a draft executive order that would trigger a US exit from the ...

Bloomberg Vodafone Group Plc warned of “hugely disruptive” costs and delays to European phone network upgrades of as long as five years if other countries follow the UK and cap the market share of Huawei Technologies Co. Britain’s government said last week it will limit the Chinese equipment vendor’s share of 5G wireless and fiber optic networks at 35% and ...

Bloomberg A Google faces one more probe in the European Union(EU) over concerns the company’s processing of user location data could violate the bloc’s tough privacy rules. Armed with the power to levy hefty fines, Ireland’s data protection commission also opened a separate investigation into Match Group Inc and the “ongoing processing of users’ personal data” on its popular dating ...

Bloomberg A top US partner at SoftBank Group Corp’s $100 billion technology fund is stepping down, after the company posted declining returns on its investments and struggled to raise capital for the next Vision Fund. Michael Ronen, the outgoing managing partner, expressed concerns about “issues” at SoftBank in an interview with the Financial Times, which earlier reported his departure. Since ...

Bloomberg Exports of castor oil from India to China may slow on concern the spread of coronavirus will impact port logistics in the world’s most populous country, according to India’s top shipper. “Some Chinese buyers of castor oil have told us to go slow on shipments as they anticipate ports may be affected because of the spread of coronavirus,” said ...

Bloomberg An estimated 5,000 Chinese tourists are stuck in Indonesia’s popular resort island of Bali after Indonesia banned direct flights to and from mainland China to prevent the spread of coronavirus. As most of the visitors were traveling on short tourist visas and were caught unaware by the flight ban, Indonesia said it would grant extensions of one month. Chinese ...