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Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (ADNEC), and Nation Shield, the official journal of the UAE Armed Forces, have signed a partnership agreement to promote the 2018 editions of the Unmanned Systems Exhibition and Conference (UMEX), and Simulation and Training Exhibition and Conference (SimTEX). As the official media partner of UMEX and SimTEX 2018, the magazine will ...

Abu Dhabi / WAM Events to celebrate the ‘Year of Zayed’ in 2018 is to reach China, as Zayed University joins hands with the Sheikh Zayed bin Sultan Cultural Centre and Mosque at Beijing Foreign Studies University (BFSU), in China, to unveil a series of activities planned for October, during the annual Confucius Institute board meeting, which was held at ...

Dubai / Emirates Business Gulf Navigation Holding PJSC, (GulfNav), appointed Al Ramz Corporation Investment and Development listed in Dubai Financial Market as a Co-Bookrunner to manage their ‘Rights Issue’ in order to increase its capital to AED1 billion. Al Ramz Corporation was selected following the completion of all the final approvals from the Securities and Commodities Authority. According to the ...

MARRAKESH / WAM Solidarity and equality between men and women is a fundamental right within the UAE, and the nation’s leadership has been highly dedicated to the advancement of gender equality to achieve the highly anticipated national agenda, said Sheikha Lubna bint Khalid Al Qasimi, President of Zayed University (ZU). Al Qasimi’s remarks came during her two-day panel discussion on ...

Bloomberg Samsung Electronics Co. is on a roll. The maker of smartphones, screens and consumer electronics reported record quarterly profit and disclosed numbers showing that it’s chip business pulls in more revenue than Intel Corp. The Suwon, South Korea-based company took the opportunity to unveil a 50-to-1 stock split, which sent its shares surging. The earnings report for the last ...

Bloomberg Ukraine is countering a slump in wheat sales to India by selling record amounts to Indonesia, Southeast Asia’s largest economy. Shipments to India, the biggest market for Ukrainian wheat in 2016-17, have sunk so far this year as a bounceback in the Asian country’s production helped it become more self-reliant again. “This is a real change,” said Sergey Feofilov, ...

Bloomberg Malvinder Singh and Shivinder Singh must pay Daiichi Sankyo Co. $550 million awarded in an arbitration over the sale of a drugmaker controlled by the brothers, an Indian court ruled. The verdict was pronounced by a single-judge bench of Justice Jayant Nath of the Delhi High Court. He rejected all objections raised by the Singh brothers and said the ...

Bloomberg China’s sweeping push to increase international trade and infrastructure investment will likely get a boost this year from government support and better financial conditions in recipient countries, according to Morgan Stanley. Investment to nations along the route of President Xi Jinping’s signature Belt and Road Initiative will grow at an annual pace of 14 percent between 2018 and 2020, ...

Bloomberg Oil’s sinking back down to earth. Euphoria that’s driven the longest monthly rising streak in almost seven years is giving way to concern that US stockpiles will rebound as the rally encourages American drillers. That’s sparked a 3.1 percent drop in New York futures this week, marring crude’s best January since 2013. The sour sentiment is bleeding into equities, ...

Bloomberg OPEC-led production cuts will last for the rest of the year, and an early termination in June would be a surprise to the market, the International Energy Agency’s markets division head said. The oil market will move from surplus into a small deficit after the first quarter but it will be fairly balanced overall this year, the IEA’s Neil ...