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Bloomberg Bruce Flatt put Wall Street’s biggest private equity players on notice that the Canadian juggernaut was coming for them three years ago. The head of Brookfield Asset Management Inc. told Bloom-berg Television then that his firm — pushing into private equity — should be mentioned in the same breath as Blackstone Group LP, Carlyle Group LP and KKR & ...

Bloomberg Amazon.com Inc. won the last approval it was seeking for an incentive plan that helped lure the largest online retailer to Northern Virginia. The five-member Arlington County Board unanimously approved $23 million in incentives for the company to build a headquarters in the Crystal City neighborhood, just outside Washington, D.C. — after six-and-a-half hours of testimony, protests and discussions ...

Bloomberg Fiat Chrysler Automobiles NV recalled almost 863,000 vehicles that violate US emissions standards, another setback for a company that just agreed in a separate case to make amends for building trucks and SUVs that polluted more than legally allowed. The voluntary recall of 2011 through 2016 model year Jeep, Dodge and Chrysler brand vehicles will be implemented in phases ...

ABU DHABI / WAM The UAE is ranked number one for the highest fibre to the home (FTTH) penetration among all its global counterparts for a third year in a row, according to the leading industry body FTTH Council. The council published its annual report that showcases the countries with the highest fibre optic network penetration globally. The report highlighted ...

DUBAI / Emirates Business UAE start-ups secured $31.36 million in investments which account for 88 percent of the whole deal value of the region. Local services, e-commerce & financial services are the top three industries accounting for 44 percent of the entire deal count. In addition, logistics (9.3 percent), software (7.1 percent), media (4.6 percent), education (4.6 percent) and transportation ...

Bloomberg Oil gained for a second straight week as Opec assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend. Futures advanced 4.4 percent in New York and settled just pennies off a four-month high. Opec self discipline and a surprise reduction in US crude inventories signalled tightening supplies, but concern that ...

Sharjah / Emirates Business The Sharjah FDI Office (Invest in Sharjah) concluded the emirate’s first-ever Sharjah-Barcelona Business Seminar, engaging with more 150 Spanish investors and senior officers at the Spanish city of Barcelona, in a bid to enhance Emirati–Spanish relations in trade and investment. The seminar was focused on exploring new investment opportunities in education and healthcare, and other sectors ...

Mexico / WAM Ahmed bin Mohammed Al-Jarwan, President of the Global Council for Tolerance and Peace, has met with Olga Sanchez Cordero, Mexican Interior Minister, and discussed ways to build bridges of cooperation between the Council and vital sectors in Mexico, including the government sector. The meeting, which was attended by Ahmed Hatem Al Minhali, UAE Ambassador to Mexico, and ...

Abu Dhabi / WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, asserted that the UAE under the wise leadership is adamant in its efforts to enhance digital life safety and protect citizens from online threats. The focus of the National Agenda for Wellbeing on the quality of digital life ...

BRASILIA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Ernesto Araujo, Brazilian Minister of Foreign Affairs on Saturday. HH Sheikh Abdullah lauded the growing ties between the UAE and Brazil, thanks to the unlimited support of their leadership, and the two countries’ keenness to develop cooperation in all fields. Ernesto Araujo ...