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Bloomberg Indonesian lawmakers agreed to prioritise bills related to jobs, taxation and the relocation of the capital, key to president Joko Widodo’s efforts to boost investment, accelerate growth in Southeast Asia’s largest economy. The three omnibus bills are among the 50 priority legislation for debate and approval this year, Deputy Speaker Muhaimin Iskandar told a plenary session of the parliament ...

Bloomberg Nissan Motor Co will go bankrupt within two to three years, Carlos Ghosn told a defense attorney during more than 10 hours of interviews before the auto executive skipped bail and left Japan. The former chairman and chief executive officer of Nissan Motor Co and Renault SA made the prediction last year in a series of conversations about his ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB), published its 2020 Global Investment Outlook Report, ‘Shaping tomorrow, today’. The report, written by the bank’s industry experts, examines the current global economic and investment environment, providing insights into key macro-economic trends. According to the report, FAB is expecting growth in 2020 for the UAE. The International Monetary Fund (IMF), forecasts that the ...

Bloomberg China’s pledge to boost imports from the US under a recently signed trade deal could end up costing the European Union about $11 billion next year. “If trade costs and hence relative prices do not change, Chinese imports from the US must come at the expense of third countries,” according to Germany’s Kiel Institute for the World Economy, contradicting ...

Bloomberg Oil fell as global markets remained comfortably supplied despite the suspension of exports from Libya, and as equities faltered on political and economic worries in Asia. Brent crude lost as much as 1.8% in London, approaching $64 a barrel. Libyan ports have been closed on the orders of militia leader Khalifa Haftar while he haggles over a peace settlement ...

ABU DHABI / WAM Mubadala Petroleum on Tuesday announced that it has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs), to Premier Oil following Indonesian Government approvals. Following completion, Mubadala Petroleum, as operator, has 80 percent participating interest in each of the Andaman I ...

DUBAI / WAM Emaar Properties PJSC signed a Memorandum of Understanding with Xiaomi, a global technology leader with the world’s largest Internet of Things (IoT), consumer platform, to launch ‘Emaar Smart Home’ – a new, next-generation product for customers to experience the latest smart home technology powered by Artificial Intelligence. Emaar’s new product will launch in 2020 as an exclusive ...

DUBAI / WAM The Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa), region, on Tuesday announced the final details ahead of the launch of its new DIFC Employee Workplace Savings Plan (DEWS) that will secure the financial future of more than 24,000 employees based at the centre. DEWS is ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent a message of condolences to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, in which he expressed his sincere condolences and sympathy over the death of Prince Bandar bin Mohammed bin Abdulrahman bin Faisal Al Saud. In ...

DUBAI / Emirates Business Emirates, is looking for candidates in the UAE to join its multinational cabin crew team. Candidates are required to register online on the Emirates Group careers website and wait to receive an invitation email prior to attending the recruitment event. Candidates who qualify will be informed of the venue details for the assessment day. The airline ...