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Manama / WAM Sheikh Sultan bin Hamdan bin Zayed Al Nahyan, UAE Ambassador to Bahrain, on Sunday attended signing of an agreement to launch the first phase of the ‘Sheikh Zayed Highway’ development project in Bahrain. The agreement was signed by Issam bin Abdullah Khalaf, Bahrain’s Minister of Works, Municipal Affairs and Urban Planning, and representatives of the Emirati company, ...

ABU DHABI / WAM The ‘Sanad Initiative’, launched by the Higher Colleges of Technology (HCT), in 2017, aims to assist the college’s graduates in obtaining appropriate certificates and entering the labour market, ensuring their readiness to begin their careers, a HCT official noted. Sanad targets graduates looking for work and employs them in various administrative positions for three to six ...

Bloomberg The Japanese government played a role in the breakdown of merger talks between Renault SA and Fiat Chrysler Automobiles NV earlier this month, weighing in with concerns the combination could harm Nissan Motor Co, people familiar with the matter said. Japan signalled its misgivings over the deal to the French government, said the people, asking not to be identified ...

Bloomberg Japan’s Supreme Court rejected an appeal by former Lotte Group executive Shin Dong-joo, who sought compensation for being ousted from posts in the retail-to-chemicals conglomerate, Yonhap News reported. Shin, the eldest son of founder Shin Kyuk-ho, had sought $5.8 million over what he called his unfair dismissal as a board member at units of the company between December 2014 ...

Bloomberg As monsoon rains that started late make a slow progress across India, shares of local seed producers, fertilisers and agro-chemical makers are reeling under a dark cloud. The southwest monsoon, which waters more than half of India’s farmland, has registered a 43 percent deficit through June 19 after hitting the southern coast a week later than normal on June ...

Bloomberg Indonesia and the Philippines said they will begin to ratify a deal in August to establish a boundary between overlapping so-called exclusive economic zones. The deal, which was signed in May, will bolster economic ties by determining the limits of borders in the Mindanao and Celebes seas — marking the end of 20 years of negotiations. Philippine President Rodrigo ...

Bloomberg FedEx Corp rejected a package containing a Huawei Technologies Co phone being sent from the UK to the US in what the mail company says was a mistake, which has elevated beyond routine because of President Donald Trump’s decree in May that limits trade with the Chinese technology company. The phone was being sent to a PCMag.com phone analyst, ...

Bloomberg Japan is still winning the Southeast Asia infrastructure race against China, with pending projects worth almost one and a half times its rival, according to the latest data from Fitch Solutions. Japanese-backed projects in the region’s six biggest economies — Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam — are valued at $367 billion, the figures show. China’s tally is ...

Bloomberg The US Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter. Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5 percent of the radioactive fuel ...

Bloomberg T-Mobile US Inc.’s acquisition of Sprint Corp. drew additional opposition from states as four more attorneys general joined a lawsuit seeking to block the merger of the wireless carriers, sending Sprint shares lower. The attorneys general of Massachusetts, Hawaii, Minnesota and Nevada are signing on to the complaint, a lawyer for New York said at a court hearing. That ...