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Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC), held a meeting on Saturday to discuss preparations for the launch of KhalifaSat, the first satellite to be developed 100 percent by Emirati engineers in the UAE, into orbit aboard the liquid-fuelled H-IIA rocket on October 29. Hamad Obaid Al Mansouri, Board Chairman of the MBRSC, who presided over the meeting, ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), in collaboration with Mohammed Bin Rashid Establishment for SME Development, Dubai SME, successfully held the second Tawasul Forum for 2018 in Dubai in the presence of Khalifa Fund’s members and SMEs entrepreneurs, as well as government and private entities. The forum is part of a series of qualitative initiatives ...

Bloomberg Enbridge Inc. plans to overhaul its system of awarding space on the biggest pipeline carrying Canadian oil to US refiners. Canada’s largest pipeline operator wants to contract 90 percent of the capacity on its 2.85 million-barrel-a-day mainline system by signing long-term deals with potential shippers in an open season early next year, according to people familiar with the matter. ...

Bloomberg Talks between a Nigerian oil labour union and Chevron Corp. over the US energy giant’s plan to fire thousands of workers ended on September 28 with the prospect of a resolution in sight, the union said. Discussions between the union, Chevron and the Nigeria’s Ministry of Labour and Employment “ended in a cordial way as of yesterday,” Fortune Obi, ...

Bloomberg Brazil’s state-run energy explorer Petrobras will pay $853.2 million to settle claims by authorities in its home country and the US stemming from allegations that its executives facilitated bribes to politicians and then concealed those payments from investors in one of South America’s biggest corruption scandals. The bulk of the penalties — more than $682 million — will go ...

Bloomberg Facebook Inc. said it discovered a security breach earlier this week that affected almost 50 million accounts the latest in a series of missteps that are undermining confidence in the company’s social network and business model. The social-media network said in a statement that it has fixed the breach, which allowed hackers to take over people’s accounts. Law enforcement ...

Bloomberg President Donald Trump’s trade war with China could hurt tourism from that country to the US, and Chinese travellers are already starting to favor other destinations, such as Europe, according to Marriott International Inc. Chief Executive Officer Arne Sorenson. The trade battle has had “little” impact on Marriott’s business so far, Sorenson said in an interview on Bloomberg Television. ...

Bloomberg The Trump administration and Canada are making a renewed push to keep Nafta a trilateral accord, prompting the US and Mexico to postpone publishing a text of their two-way trade deal Friday, Mexican Economy Minister Ildefonso Guajardo said. Mexico earlier in the day said it was planning to release a more complete draft of its preliminary trade agreement with ...

Bloomberg US health officials are trying to increase the rate of flu vaccinations this year after a severe outbreak last season killed a record number of children and led to spot shortages of antiviral medications like Tamiflu. In a panel hosted by the National Foundation for Infectious Diseases and the Centers for Disease Control and Prevention in Washington, US Surgeon ...

Bloomberg KKR & Co. and Blackstone Group LP are among suitors that have expressed interest in acquiring a stake in Shriram Group, the Indian finance conglomerate backed by billionaire Ajay Piramal, people with knowledge of the matter said. The two private equity firms have each held preliminary talks in recent months about buying stakes in Chennai-based Shriram Group owned by ...