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Sharjah / WAM For the sixth year in a row, the Sharjah Chamber of Commerce & Industry (SCCI) is gearing up to participate in the 11th edition of the World Chambers Congress (WCC) of the International Chamber of Commerce. Under the theme “Creating a Shared Future”, the three-day event will be held in Rio De Janeiro, Brazil on June 12-14 ...

Sharjah / WAM The amount of water produced in the Emirate of Sharjah during 2018, reached more than 37 billion gallons of water, according to the latest statistics issued by the Sharjah Electricity and Water Authority (Sewa). The statistics also revealed that the biggest share of water consumption was by the residential sector with almost 62% (17.2 billion gallons) while ...

Abu Dhabi / WAM Over 407 million drops of polio vaccine have been delivered to more than 71 million Pakistani children as part of the Emirates Polio Campaign implemented in the Islamic Republic of Pakistan since 2014 till the end of April 2019, the UAE-Pakistan Assistance Programme (UAEPAP) has announced. The aid comes in line with the directives of President ...

Bloomberg Royal Dutch Shell Plc plans to shower its investors in money, pledging returns of $125 billion between 2021 and 2025 — twice as much as a decade earlier. The oil and gas major says it can pull off this feat with crude at $60 a barrel and only a small increase in capital spending, an aggressive move to keep ...

Bloomberg China Three Gorges Corp. is weighing a deal to gain cont-rol of EDP-Energias de Portugal SA’s Brazilian business, people with knowledge of the matter said. State-owned Three Gorges is considering merging its own Brazilian assets with EDP’s operations in the South American country, which are run through publicly-traded EDP-Energias do Brasil SA, according to the people. Three Gorges may ...

Bloomberg Excluding China’s Huawei Technologies Co and ZTE Corp from the next generation of mobile networks would lumber European phone companies with 55 billion euros ($62 billion) in extra costs, the wireless industry’s main lobby group said. A global ban advocated by US President Donald Trump would also delay the rollout of the high-speed 5G networks by at least 18 ...

Bloomberg Wanda Sports Group Co, a unit under Chinese billionaire Wang Jianlin’s conglomerate Dalian Wanda Group Co, filed to go public in the US with a goal of raising funds to pay down debt. The Beijing-based company, which has had partnerships with FIFA and the Chinese Basketball Association, owns sports properties and generates revenue from events, sponsorship and media pacts. ...

Bloomberg Now comes crunch time for Tencent Music Entertainment Group insiders and early backers who have to decide on Monday whether or not to cash out of the Chinese music entertainment service when its 180-day lockup expires. The decision is made more torturous by a 34 percent decline in the stock since a peak in mid-March. For some insiders and ...

Bloomberg The southwest monsoon, which waters more than half of India’s farmland, arrived in the country’s southern coast more than a week later than normal. Monsoon showers reached Kerala on Saturday, said Mrutyunjay Mohapatra, additional director general of Meteorology at India’s Meteorological Department. The department in May had predicted a June first week onset for the June-September rainy period. The ...

Bloomberg India plans to return to the negotiating table after President Donald Trump terminated a trade concession, which allowed the country to export almost 2,000 products to the US duty-free, people with knowledge of the matter said. While an option is to raise tariffs on a slew of US goods as retaliation, India may not choose that considering the benefits ...