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Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has conferred the Order of Independence, First Class, on Maya Tissafi, Ambassador of Switzerland to the UAE, in recognition of her efforts during her tenure, which contributed to enhancing and boosting friendly ties between the two countries. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign ...

Abu Dhabi / WAM Research conducted by the Department of Culture and Tourism – Abu Dhabi, at the Hili 2 archaeological site, part of the Unesco World Heritage Site of Al Ain, has revealed stunning new evidence on social life in the region 3,000 years ago. The results of the work have provided important insights into the daily lives of ...

GENEVA / WAM The World Trade Organisation (WTO), on Wednesday agreed to look into the complaint filed by the United Arab Emirates against the ban imposed by Qatar on Emirati products. The WTO has decided to constitute an arbitration committee to investigate the UAE’s complaint. The UAE has stressed that the Qatari ban on Emirati products is a flagrant violation ...

Bloomberg Masayoshi Son is making top executives at SoftBank Group Corp some of the highest-paid in Japan as he recruits talent to his growing investment empire. While Son’s own salary remains modest by global standards, his company paid a total of 9.1 billion yen ($83 million) in compensation to six lieutenants, according documents released for a shareholder meeting on June ...

Bloomberg Bharti Airtel Ltd is planning a share sale for its Africa unit in London as part of a push by the Indian wireless operator to cut a debt load that’s ballooned to more than $16 billion. The initial public offering by Airtel Africa Ltd would comprise new shares and the sale would seek a free float of at least ...

Bloomberg PT Softex Indonesia, a sanitary product maker backed by PE firm CVC Capital Partners, is planning an initial public offering that could raise as much as $500 million, according to people with knowledge of the matter. The Tangerang-based company has met with potential advisers for a share sale in Indonesia that could happen as soon as this year, the ...

Bloomberg Sun Pharmaceutical Industries Ltd’s fourth-quarter profit halved from a year ago as the fallout from a corporate governance scandal caused it to take a 10.85 billion-rupee charge ($155.7 million) and led to the brother-in-law of billionaire founder Dilip Shanghvi moving to a non-executive role. Shares rose by as much as 2 percent on Wednesday morning trading as investors cheered ...

Bloomberg One of China’s largest listed drug makers that’s been under a regulatory probe for months said it overstated cash positions after using false documents and transaction records. The stock tumbled by the 5 percent daily limit. Kangmei Pharmaceutical Co, a producer of traditional Chinese medicines, said in a filing that such methods have led to an overstatement of cash ...

Bloomberg Singapore leapfrogged Hong Kong and the US to take the top spot among the world’s most competitive economies for the first time in nine years. The city state’s advanced technological infrastructure, availability of skilled workers, favourable immigration laws, and efficiency for starting businesses supported its rise to the No. 1 spot, the Switzerland-based IMD Business School said in its ...

Bloomberg Global Payments Inc. agreed to buy Total System Services Inc. in a deal valued at $21.5 billion, the payment industry’s third mega-merger of the year. The transaction will create a powerhouse that provides payment technology and software to more than 3.5 million small to midsize merchants and more than 1,300 financial institutions worldwide, the two companies said in a ...