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Dubai / WAM Rick Perry, the US Secretary of Energy, praised the strategic vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. “I think His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision of having a diversified energy portfolio is not only correct but visionary. It attracts to ...

Dubai / Emirates Business As part of its efforts to strengthen its relationships with investors in major global markets, Dubai Land Department (DLD), through its Promotion and Real Estate Investment Management Sector, led a group of local real estate developers to the World Property & Investment Show (WPIS) 2019. The show was co-organised by DLD in cooperation with Mindscape Exhibitions ...

DUBAI / WAM Giesecke+Devrient (G+D), a German security technologies provider, on Saturday inaugurated its new regional headquarters and competence centre for services and training at Silicon Park in Dubai Silicon Oasis (DSO). Founded in 1852, G+D is a global security technology group headquartered in Munich, Germany. In the fiscal year 2018, the group generated sales of approximately €2.25 billion. A ...

Baku / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, has headed the UAE delegation to the 18th Summit of the Heads of State and Government of the Non-Aligned Movement (NAM) in the Azerbaijani capital Baku. In a statement, the UAE stressed the importance of adhering to the founding principles of the Non-Aligned Movement, known as the ...

ABU DHABI / WAM The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the first graduate-level, research-based artificial intelligence (AI), university in the world, has received immediate interest from graduate students across the globe, with 3,200 starting the application process. The applicants include 1,681 potential students in the last step of their application process and 234 completing their applications within ...

ABU DHABI / WAM Brazil-UAE bilateral trade is set to increase this year with the intensified business transactions, a top Brazilian diplomat said. “The bilateral trade stood at $2.6 billion in 2018, however, the first eight months of 2019 have already witnessed $2 billion trade transactions. This means 2019 trade volumes will surpass the 2018 figures,” Fernando Luis Lemos Igreja, ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has highlighted the UAE leadership’s commitment to providing optimal health and prenatal care to women in the country. In a speech marking the over 25 years of dedicated ...

Bloomberg Maruti Suzuki India Ltd posted its lowest quarterly profit since fiscal 2016, caught in the Indian auto market’s worst ever sales slowdown. The Suzuki Motor Corp unit reported net profit of 13.6 billion rupees ($190 million) in the three months ended on September 30, down 39% from 22.4 billion rupees a year earlier. That still beat forecasts: analysts on ...

Bloomberg Citigroup Inc and ICICI Securities Ltd are among banks selected for UTI Asset Management Co’s planned initial public offering in Mumbai, according to people familiar with the matter. HSBC Holdings Plc, SBI Capital Markets Ltd and Kotak Mahindra Bank Ltd are also picked to arrange the Indian mutual fund’s share sale, said the people, who asked not to be ...

Bloomberg Indonesia’s budget deficit is set to widen this year as a weakening economy puts pressure on government revenue, Finance Minister Sri Mulyani Indrawati said. The manufacturing sector is struggling and commodity prices have dropped significantly, Indrawati told reporters Thursday in Jakarta. She said she’d issued a decree that would allow the government to widen the 2019 deficit and borrow ...