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Bloomberg In Rupert Murdoch’s six decades of media dealmaking, UK broadcaster Sky Plc stands out as the one that got away. The octogenarian may still have the last laugh. While Murdoch’s 21st Century Fox Inc. lost out to Comcast Corp. in a weekend auction of the UK pay-TV company he launched almost three decades ago, the global media magnate now ...

Abu Dhabi / WAM The UAE will host the Interfaith Alliance Forum in the nation’s capital, Abu Dhabi on November 19-20, under the auspices of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The announcement came during a press conference held at the Ministry of Interior ...

Abu Dhabi / WAM The UAE-Saudi non-oil trade has grown 1230 percent since the establishment of the GCC Customs Union in 2003 until H1 2018, according the statistics of the UAE Federal Customs Authority (FCA). The total non-oil intra-trade between the two countries amounted to AED720 billion ($196 billion) during the monitored period, with total UAE imports from the Kingdom ...

ABU DHABI / WAM Al Dahra has announced that following its acquisition of Agricost and Braila Island, the largest consolidated farm in Europe, the company plans on investing an additional $500 million in Romania over the coming five years, in various sectors. This announcement coincides with a visit to Romania by a delegation comprising the executive leadership team from Al ...

Bloomberg The Trump administration’s tariffs on another $200 billion in Chinese goods kicked in on Monday, ramping up a trade war between the world’s two biggest economies. The latest round of US duties took effect just after midnight Washington time on Monday on a list of products ranging from frozen meat to television components. China is poised to retaliate with ...

NEW YORK / WAM The UAE Ministry of Foreign Affairs and International Cooperation has signed a cooperation agreement with the International Committee of the Red Cross (ICRC), to support the humanitarian response plan in Yemen, Myanmar and the Democratic Republic of Congo, in addition to support ICRC’s budget, totaling AED40.4 million ($11 million). Under the agreement, the UAE will provide ...

DUBAI / WAM The race to become the world’s first smart city has become more exciting with recent and wider applications of disruptive technologies. The building blocks for smart cities will be showcased at the Future Cities Show (FCS), in April, 2019 in Dubai. With the theme ‘Propelling Globalisation through Digital Transformation’, FCS will support the growth of smart city ...

Bloomberg Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as Organisation of Petroleum Exporting Countries (Opec) and its allies struggle to compensate for US sanctions on Iran’s exports. With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of price surge President Donald Trump has ...

Dubai / WAM Dubai Multi Commodities Centre (DMCC) on Monday announced that the Scottish Business Network (SBN), an international membership organisation for Scottish entrepreneurs and business leaders, will open its representative office in Dubai in DMCC’s Free Zone. The announcement was made during the close of the Scottish International Week, SIW, a joint venture between the Institute of Directors in ...

NEW YORK / WAM­­­­­ Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, met several senior officials in New York as part of the UAE delegation to the 73rd session of the United Nations General Assembly. During her meeting with Elhadj As Sy, Secretary General of International Federation of Red Cross and Red Crescent Societies (IFRC), Al Hashemy ...