News

Abu Dhabi / WAM The Federal Authority for Identity and Citizenship announced a deadline extension to the “Protect Yourself by Adjusting Your Status” initiative. The initiative, which is being extended to December 31 upon the directives of the wise leadership and as part of the 47th National Day celebrations, aims to provide new opportunities for those who qualify but have ...

CAIRO / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and his accompanying delegation, attended the opening of the first edition of Egypt Defence Expo (Idex) 2018 in Cairo. President Abdel Fattah El Sisi, President of The Arab Republic of Egypt, visited the participating UAE pavilion at the exhibition and was received by Al Bowardi, in ...

Abu Dhabi / Emirates Business The ninth edition of Sial Middle East is set to feature country pavilions of Kuwait, Bahrain and Saudi Arabia, indicating a growing interest from the GCC countries to benefit from the sizeable opportunities created by the fastest-growing food, beverage and hospitality event in the region. Held in strategic partnership with Abu Dhabi Food Control Authority ...

KATOWICE / WAM The UAE delegation to the 24th Conference of the Parties, COP24, to the United Nations Framework Convention on Climate Change (UNFCCC), in Katowice, Poland, attended the official opening ceremony of the event and the High-level Segment for Heads of State and Government. The delegation joined attendees from more than 190 countries and territories at the meeting, aimed ...

Bloomberg Canada’s largest oil producing province ordered an unprecedented output cut, an effort to ease a crisis in the nation’s energy industry and adding to global actions to combat a recent price crash. The plan will reduce production of raw crude and bitumen from Alberta by 325,000 barrels a day, or 8.7 percent, from January until excess oil in storage ...

Bloomberg Vivint Solar Inc dropped the most in more than two years after saying a fund managed by Blackstone Group LP, its biggest owner, is selling 8 million of the rooftop solar company’s shares at a 21 percent discount. Vivint fell 21 percent to $5.51 at 11:33 am in New York, after earlier sliding as much as 22 percent. That’s ...

Bloomberg Unilever agreed to acquire GlaxoSmithKline Plc’s Indian consumer business, including malted milk drink Horlicks, for 3.3 billion euros ($3.8 billion) to boost its footprint in one of the world’s fastest-growing major economies. It’s one of the Anglo-Dutch company’s largest acquisitions under departing Chief Executive Officer Paul Polman, who in January is handing over to personal-care head Alan Jope. It’s ...

Bloomberg Soybeans led advances among US crop futures after the White House said China agreed to immediately restart buying American farm products as part of a trade truce between the two countries. The oilseed jumped as much as 3.2 percent to the highest since June in Chicago, as corn and wheat also climbed, while Chinese soybeans fell on expectations of ...

Bloomberg Macquarie Group Ltd. is in advanced talks to create a majority-owned securities joint-venture firm in China, according to people familiar with the matter, the latest international bank seeking to establish itself in one of the world’s biggest markets. Sydney-based Macquarie is drafting a final agreement with two Chinese conglomerates, said the people, declining to name the companies. It plans ...

Bloomberg South Korea’s November exports grew at a slower pace than some economists forecast amid a slowdown in sales to China, the nation’s biggest trading partner. The value of shipments abroad rose 4.5 percent from a year earlier, compared with a 6.6 percent gain forecast in a Bloomberg survey of economists. Exports to China dipped 2.5 percent as Chinese display ...