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Mohamed meets chief of Islamic anti-terror alliance

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received General Raheel Sharif, Military Commander of Islamic Military Counter Terrorism Coalition (IMCTC), on Sunday. During the meeting, which was held at Al Shati Palace in the UAE capital, Sheikh Mohamed and General Sharif ...

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Abu Dhabi symposium urges UNHRC to correct biased UN report on Yemen

Abu Dhabi / WAM An elite list of international human rights activists, representatives of civil society forces, non-governmental organisations, and experts on international humanitarian law and international law gathered in Abu Dhabi on Sunday for an international symposium to present an analytical, objective and critical reading to the United Nations report released last week by the Group of International and ...

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Houthi rebels: Four years of political intransigence

Abu Dhabi / WAM The Iran-backed Houthi militias have once again proved themselves to be the party that should be held accountable for the failure of the UN efforts to find a peaceful solution to the situation in Yemen after they had intentionally absented themselves from the UN round of negotiations in Geneva, which was held in the presence of ...

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UAE continues to support health sector in Ad Durayhimi, Yemen

HODEIDAH / WAM A delegation of the Emirates Red Crescent (ERC), headed by Hamad Al Kaabi, UAE Humanitarian Operations Deputy Director for Yemen, has visited the Ad Durayhimi Hospital in Hodeidah Governorate, in an effort to help address the hospital’s medical and technical needs. The move is part of the UAE’s continuous support to the Yemeni health sector, especially in ...

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MaK Middle East opens new branch in Fujairah

DUBAI / WAM MaK Middle East LLC, a Caterpillar company established in Dubai in 2017, opened a new branch in Fujairah as part of its expanded service reach within the UAE to serve a wider range of customers. In addition, the company is now also officially registered in the Sharjah Ports of Hamriyah Freezone, Al Khalid and Khor Fakkan, enabling ...

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Abu Dhabi issues new laws for economic licenses

ABU DHABI / WAM The Department of Economic Development – Abu Dhabi (DED), has issued two decisions to facilitate economic activities in Abu Dhabi as part of the initiatives and incentives provided to the private sector companies and entreprises operating in the Emirate. These decisions will help improve the Emirate’s ranking in the Doing Business and Global Competitiveness Reports. The ...

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ONGC $1.6bn stake sale to face subsidy hurdle

Bloomberg India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation. Investors and fund managers that met with Indian government officials during a US roadshow last month voiced concern that ...

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Equatorial Guinea may end oil-service contract

Bloomberg Equatorial Guinea may exclude oil-service companies TechnipFMC Plc, Subsea 7 SA and Schlumberger Ltd. from the country because they aren’t complying with local-content rules over training and jobs, said a government official. Major oil companies could be asked by the end of September to cancel their contracts with those service providers and issue new tenders, the official said, asking ...

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I Squared explores sale of Viridian

Bloomberg I Squared Capital, the private equity firm led by former Morgan Stanley executives, is considering a sale of Irish power producer Viridian Group Holdings Ltd., people with knowledge of the matter said. The infrastructure-focussed investment firm is sounding out potential buyers to gauge their interest in Viridian, said the people, who asked not to be identified as the information ...

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China trade outlook darkens as US threatens total tariffs

Bloomberg China’s chances of escaping the trade conflict with the US with only minor damage to its economy just got slimmer. On September 7, US President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods, saying he’s ready to tax all imports “at short notice”. While economists see the immediate impact of trade tension ...

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