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Abu Dhabi / WAM Dr Mohammad Salim Al Olama, Under-Secretary of the UAE Ministry of Health and Prevention (MoHAP), has met with Frank Mollen, Ambassador of the Netherlands to the UAE, in the presence of Dr Issa Al Mansouri, Director of the Under-Secretary Office and Director of the International Health Relations. During the meeting, the two sides discussed the opportunities ...

Dubai / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), received a German delegation, headed by Rainer Baake, State Secretary at the Federal Ministry for Economic Affairs and Energy, at DEWA’s stand during its participation at the World Future Energy Summit (WFES), in Abu Dhabi. The meeting supports DEWA’s commitment to enhance ...

Abu Dhabi / WAM Najeeb Al Ali, Executive Director of the Expo 2020 Dubai Office, has said that some of the participating countries in Expo 2020 Dubai will begin building their pavilions at the start of April 2018, while pointing out that over 180 countries will participate in Expo 2020. He also expects the Expo to receive 25 million visitors, ...

Bloomberg Tencent-backed Chinese startup Kuaishou is seeking to raise funds at about a $17 billion valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1 billion of financing, the people said, asking not to be identified discussing a private deal. The startup’s desired valuation would be almost six ...

Bloomberg SoftBank Group Corp.’s Vision Fund will invest 460 million euros ($560 million) in Auto1 Group GmbH, valuing the German used-car sales portal at about 2.9 billion euros. Auto1 will use the funds to introduce its service that helps private car owners sell their vehicles in new countries, expand a fintech venture that provides car dealerships with loans, and give ...

Bloomberg If the resilience of emerging markets to rising interest rates is all about the growth outlook, then data from China this week will be key. The country, the world’s biggest emerging market, releases gross domestic product statistics. Less than a week after Angola abandoned its dollar peg, another African nation— Morocco —is due to make good on a promise ...

Bloomberg India’s proposal to curb drug prices by stripping generic medicines of their brand names has stalled after the plan faced pushback from the country’s pharmaceutical companies, according to people with knowledge of the matter. The Draft Pharmaceutical Policy circulated in 2017 by the Department of Pharmaceuticals has made no progress since opposition emerged from the industry and among some ...

Bloomberg Hong Kong retained its title as Asia’s most expensive rental city for expatriates, while Singapore fell further down the ranking due to a slower economy and fewer relocations, according to consultancy firm ECA International. Hong Kong sat atop the list with an average price of $10,461 per month for an unfurnished, three-bedroom apartment in expatriate neighbourhoods, according to results ...

Bloomberg Saudi Arabia’s sovereign wealth fund is in talks to buy a stake in Endeavor, the holding company for Hollywood talent agency WME, people familiar with the matter said. The Public Investment Fund, known as PIF, is in preliminary discussions to invest more than $500 million, which will help the talent agency for Ben Affleck and Matt Damon expand its ...

Bloomberg Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi Oil Minister Jabbar al-Luaibi said that production curbs have contributed to stability in the market and should remain, ...