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Islamabad / WAM HH Dr Sheikh Sultan bin Khalifa Al Nahyan, Adviser to the UAE President, has met with Nawab Sanaullah Khan Zehri, Chief Minister of Balochistan in Pakistan to discuss bilateral cooperation. During the meeting, the two sides reviewed means of developing common interests, as well as reviewing views on issues of common concern and the latest regional and ...

Dubai / WAM Parker Aerospace, global leader in motion and control technologies, on Tuesday announced a pump call-out agreement with Emirates for its 777X aircraft. Emirates Airline is the launch customer of the new Boeing aircraft with an order book of 150 777X, one of the single largest aircraft orders by value in the history of US commercial aviation. Parker ...

ABU DHABI / WAM The National Central Cooling Company (Tabreed), and Abu Dhabi’s renewable energy company (Masdar), on Tuesday announced that they have signed a service agreement to operate Masdar’s first district cooling plant with operations underway. Under the three-year contract, Tabreed will manage the district cooling plant on behalf of Masdar, providing expertise as well as operations and maintenance ...

Dubai / Emirates Business Emirates will be sharing the legacy of the late His Highness Sheikh Zayed bin Sultan Al Nahyan to a global audience in 2018. To celebrate the ‘Year of Zayed’, Emirates is featuring the achievements of HH Sheikh Zayed in the pages of its official inflight magazine, Open Skies each month. The ‘Year of Zayed’ commences in ...

Bloomberg Billionaire Anil Ambani’s Reliance Communications (RCom) Ltd. said it was in the final stages of selling some assets as it aims to exit a debt restructuring programme and cut total borrowings by $6 billion. The company’s shares surged. The embattled mobile carrier will reduce total debt to 60 billion rupees ($936 million) from 450 billion rupees as of October ...

Bloomberg Nippon Paint Holdings Co. is shopping for large acquisitions, including in Europe, to expand outside Japan amid a global consolidation among the biggest coatings makers. “While our expansion is centred on China and other Asian countries in line with our mid-term plan, we also aim to expand through M&A in Europe and the United States,” Nippon Paint President Tetsushi ...

Bloomberg Tata Steel Ltd. has sounded out banks about raising the equivalent of $5.1 billion through loan facilities and a bond issue to help refinance debt, according to people familiar with the matter. The Indian steelmaker plans a $2.15 billion six-year syndicated facility to refinance loans in the books of units, TS Global Holdings Pte. and NatSteel Asia Pte., said ...

Bloomberg Jiangxi Copper Co., China’s largest producer, is halting all output in the province after the local government ordered the curbs to reduce pollution, a company official said on Tuesday. The smelter received the order to stop production for at least a week before a further assessment based on local pollution levels, the official said, asking not to be identified ...

BEIJING / Reuters Russia held on as China’s largest crude oil supplier for the ninth month in a row in November, also topping Saudi Arabia for the year so far, Chinese customs data showed on Tuesday. Shipments from Russia in November reached 5.12 million tonnes, or 1.26 million barrels per day (bpd), up 11 percent from a year ago, according ...

Bloomberg India’s biggest oil explorer plans to snatch up producing assets to reach its goal of raising overseas output by more than half in about three years, a faster route than drilling for new reserves. ONGC Videsh Ltd., the overseas investment unit of state-run Oil & Natural Gas Corp., spent $2.2 billion last year on an existing Russian project, which ...