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Dubai / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, and other world leaders have discussed international partnerships to shape the future of world trade, on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland. Bin Sulayem met President Petro Poroshenko of Ukraine, President Joao Lourenco of Angola, and Peruvian Prime Minister Mercedes Araoz, to ...

Dubai / WAM Following the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, to urgently install fire protection systems directly connected with Civil Defense at all houses, Union Coop, has launched ‘Your Safety .. Is Our Safety’ initiative. The initiative aims to install fire protection systems at 1,000 ...

Abu Dhabi / WAM The UAE Federal Authority for Nuclear Regulation (FANR), on Tuesday unveiled details of its 2018 corporate outlook focusing on ensuring safe, secure and peaceful nuclear and radiation programmes in the country. Addressing a media briefing, Christer Viktorsson, Director-General of FANR, said that “the UAE is moving rapidly forward with developing its nuclear sector (and) FANR made ...

Bloomberg Businesses waiting for Indian Prime Minister Narendra Modi to follow through on a pledge to cut corporate taxes may need to wait a bit longer. In his last full budget before 2019 elections, Modi is facing a revenue squeeze that may make it difficult to deliver on a promise to lower the basic corporate tax rate over time to ...

Bloomberg Palm oil production in Indonesia will probably climb to a record this year as wet weather boosts yields in the world’s top grower. Output will increase 10 percent in 2018, Togar Sitanggang, secretary-general of the Indonesian Palm Oil Association, said, without providing a more specific forecast. Production climbed about 18 percent in 2017 to a record 38.2 million metric ...

Bloomberg Ola, India’s biggest ride-hailing startup, is heading down under. It’s the overseas debut for Ola, which will start inviting drivers in Sydney, Melbourne and Perth to sign up, it said. Ola will be competing with Uber Technologies in Australia. The two companies have been going head-to-head in India’s $10-billion ride-hailing market where the ramshackle public transportation systems in cities ...

Bloomberg Three quarters of companies surveyed by the American Chamber of Commerce in China say they feel unwelcome, reflecting perceptions foreign firms aren’t treated equally to domestic competitors. The disparity in some cases comes from uneven enforcement of the law, which some firms say has become a version of protectionism, according to a survey. Protectionism is one of the top ...

Bloomberg The center of gravity in Europe’s natural gas market is heading south as one of the continent’s biggest pipeline operators builds a system that could make Italy an exporter of the fuel for the first time. Fortified with new supplies due from a $5.6 billion pipeline link to the Caspian Sea as well as tankers full of gas in ...

Bloomberg Nigeria plans to start building a $5.8 billion hydro-power plant in the eastern Mambila region this year, after it agrees on loan terms with China’s Export-Import Bank. “We hope to break ground this year if we can conclude the financing,” Power, Works and Housing Minister Babatunde Fashola said in a Jan. 23 interview in the capital, Abuja. “Contracts are ...

Bloomberg PetroChina Co, the country’s biggest oil and gas producer, forecast that full-year profit rebounded off a record low and may have tripled amid cost cutting and higher energy prices. Net income for 2017 may have jumped by as much as 16 billion yuan ($2.5 billion), the state-run oil giant said in a filing to the Hong Kong stock exchange, ...