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Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, on Wednesday attended the opening of the fifth edition of the World Green Economy Summit (WGES 2018). The Summit, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, will run ...

Dubai / Emirates Business Regional trade enabler DP World, UAE region unveil five clean energy initiatives at the Water, Energy, Technology, and Environment Exhibition (Wetex) week, the Middle East’s leading trade show for the energy, water, and sustainability industries. Renewable energy such as solar, waste recycling, and the development of a zero emission supply chain management across its regional and ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi on Wednesday announced the grand opening of Al Hosn, a new cultural destination located in the heart of downtown Abu Dhabi, will take place on December 7. Al Hosn is the city’s original urban block and will comprise four interrelated components: the historic Qasr Al Hosn Fort, ...

Dubai / WAM Consulate General of the Netherlands in Dubai, on behalf of the Dutch Economic Network in the Gulf region, launched its new multiyear campaign: Dutch Connection in the Gulf – Uniting Water, Energy, Food, at Wetex 2018 in Dubai. The initiative was launched during ‘the Dutch Hour’, in the presence of Mariam Hareb Almheiri, Minister of State for ...

Bloomberg Linde AG and Praxair Inc. won approval from the US antitrust enforcers for their $46 billion merger, paving the way for the companies’ two-year bid to create the world’s largest supplier of industrial gases. The Federal Trade Commission (FTC) said it approved the deal on the condition that Linde and Praxair sell assets to resolve concerns that the combination ...

Bloomberg Move over Google. There’s a new urban oasis coming to the shores of Lake Ontario. A former 177-acre (72-hectare) coal power plant site will be transformed into a mixed-use community in Mississauga, a city west of Toronto that could be worth as much as C$6 billion ($4.6 billion) once complete, according to Fabio Mazzocco, president of Lakeview Community Partners ...

Bloomberg Venezuela’s state-run oil company is preparing to make a $949 million bond payment that’s due October 29, according to reports. Petroleos de Venezuela SA’s (PDVSA) plan to make the coupon and partial principal repayment on the 2020 notes would mark a rare exception for Nicolas Maduro’s government, which has racked up nearly $7 billion in defaulted debt to investors. ...

Bloomberg Exxon Mobil Corp. resumed talks with Ghana Oil Co. as the oil supermajor nears a deadline to find a local partner for the exploration of crude at an offshore field, according to people familiar with the matter. Talks between Exxon and the Accra-based gas station operator, known as Goil, for a 5 percent stake in the Deepwater Cape Three ...

Bloomberg Pakistan has said that Saudi Arabia agreed to a $6 billion support package to bolster Islamabad’s dwindling finances following a second visit by Prime Minister Imran Khan to Riyadh seeking aid. Saudi Arabia will deposit $3 billion directly with Pakistan “as balance of payment support,” while another one-year deferred payment facility of up to $3 billion for oil imports ...

Bloomberg India is devising a plan to boost shipments of around 200 products to China and narrow the deficit with its biggest trading partner, a person with knowledge of the matter said. The plan includes seeking duty waiver on a raft of products under the Asia Pacific Trade Agreement (Apta), the person said, asking not to be identified as the ...