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DUBAI / WAM Evo Morales, President of Bolivia, praised the relations between the UAE and Bolivia while highlighting the fact that the two countries enjoy many factors that encourage growth, especially in light of their promising economic, trade and investment capabilities. He made this statement while meeting Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, on the ...

Cairo / WAM Dr Mishaal bin Fahm Al-Salami, Speaker of the Arab Parliament, highly praised the joint humanitarian initiative of the United Arab Emirates and Saudi Arabia to allocate $200 million in a coordinated campaign of emergency humanitarian assistance in cooperation with United Nations organisations aimed at alleviating the suffering of the brotherly Yemeni people. The Arab Parliament Speaker emphasised ...

DUBAI / WAM dnata’s catering team has been voted ‘Airline Caterer of the Year, North America, 2019’ by readers of PAX International, a publication for airline industry executives. The PAX International Readership Award was presented in Hamburg during the annual World Travel Catering Expo. “We are honoured to be recognised by our industry peers for our quality product, service and ...

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 announced the theme for the 2019 Emirati Women’s Day celebrations, as ‘Women, Icons of Tolerance’. Her Highness said that the Emirati community is tolerant by nature, adding ...

Dubai / WAM The Business Registration and Licensing (BRL), sector of the Dubai Department of Economic Development, DED, has issued 2,459 new licences in March 2019, a growth of 35.4 percent compared to March 2018 (1,816). According to the department, the new licences have created 9,661 jobs in the labour market. “Among the new licences issued, 58 percent were commercial, 39.3 ...

Bloomberg Carlos Ghosn lashed out at Nissan Motor Co’s top ranks for playing “a very dirty game” by orchestrating his arrests in Japan and his ouster from its global alliance with Renault SA and Mitsubishi Motors Corp. Speaking in a video recorded before he was detained again, the former chairman of the three automakers said some Nissan executives conspired to ...

Bloomberg PT Amman Mineral Nusa Tenggara, which owns the second-largest copper and gold mine in Indonesia, is weighing an initial public offering that could raise as much as $600 million, according to people familiar with the matter. The company is working with advisers to list in Jakarta as early as the fourth quarter, said the people, asking not to be ...

Bloomberg China signalled its intent to ban cryptocurrency mining, dealing a fresh blow to an industry buffeted by tumbling virtual currency prices, stiff competition and waning investor interest. The National Development Reform Commission, the country’s powerful economic planner, listed crypto-mining among a plethora of industries it intends to eliminate because they “seriously wasted resources” or polluted the environment. The agency ...

Bloomberg SoftBank Group Corp is hiring a trio of industry veterans to oversee a $5 billion technology fund headed by Chief Operating Officer Marcelo Claure that focuses on Latin America. André Maciel, a former managing director at JPMorgan Chase & Co in Brazil, will join the SoftBank Innovation Fund as managing partner, the company said in a release. Paulo Passoni, ...

Bloomberg For decades, there was just one way for China’s car market: up. Once the trend abruptly reversed 10 months ago, the free fall in the world’s largest market has shown no signs of easing. Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles continued their plunge in March, dropping 12 percent to 1.78 million units, the China ...