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ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent cables of congratulations on the occasion of Eid al-Adha to all Arab and Islamic leaders. President His Highness Sheikh Khalifa wished the Arab and Islamic nations, their leaders and peoples more success and prosperity. Vice President and Prime Minister of UAE and Ruler of Dubai, ...

VANCOUVER / WAM DP World has completed the Phase 2 North expansion project designed to increase container throughput at Prince Rupert’s Fairview Container terminal. DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, and The Honourable Francois-Philippe Champagne, Minister of International Trade, Government of Canada, marked the occasion with a ribbon cutting ceremony in Prince Rupert, in the presence ...

ABU DHABI / WAM The Emirates Post Group (EPG) discussed cooperation with Universal Postal Union (UPU) in postal field. This came during a meeting between Chairman of EPG, Mohamed Sultan Al-Qadi, and UPU Director-General Bishar Hussein, Regional Coordinator of International Development Programme for African Countries Abdellatif Meskine. The meeting was attended by Chief Support Services Officer at EPG Sami Alkhaja, ...

Dubai / WAM The Dubai 10X Programme Team at the Supreme Legislation Committee in the Emirate of Dubai (SLC) have highlighted the most important futuristic projects that support the ‘Dubai 10X’ initiative in a recent seminar held at the SLC General Secretariat headquarters. The seminar was aimed at promoting Dubai as a pioneering environment in the UAE for the development ...

Dubai / Emirates Business Remittances to developing markets have proved to be a powerful force in drastically improving the quality of people’s lives, says Xpress Money’s COO, Sudhesh Giriyan. Giriyan’s statement comes after a report released by the International Fund for Agricultural Development (IFAD) that shows regular remittances to families in developing markets help reduce the level of poverty, and ...

Bloomberg Gasoline rose to a two-year high as Tropical Storm Harvey hit the US Gulf coast again after already knocking out a fifth of the nation’s refining capacity. Motiva Enterprises LLC’s Port Arthur refinery, the country’s biggest, was said to be shutting because of severe flooding. The disruption helped send motor fuel as much as 3.3 percent higher in New ...

Bloomberg Gazprom PJSC’s profit slumped in the last quarter, cooling the prospect of an increased dividend from the world’s largest natural gas producer. Net income plunged 80 percent as record gas exports to Europe were offset by foreign-currency losses, the Moscow-based company said in a statement late on Tuesday. Gazprom aims to keep its dividend payments in rubles no lower ...

AMMAN / Reuters Jordan will open its main border crossing with Iraq on Wednesday for the first time since 2015, now that Iraqi forces have gained control of the main highway to Baghdad from IS militants, both governments said. Iraqi troops pulled out of the Tureibil post, on the 180 km (110 mile) border, in summer 2014 after the militants ...

BEIRUT / Reuters Lebanon has begun reforms to repair its fragile economy after years of paralysis in decision-making but is under pressure to do more to prevent its rising debt spinning out of control. President Michel Aoun, elected last year after 29 months without a head of state, signed off last week on public sector pay rises and tax increases ...

Bloomberg Fresh from winning its biggest defense contract in May, Larsen & Toubro Ltd. is planning to bid for $28 billion of orders including warships and submarines in India as Prime Minister Narendra Modi breaks with tradition to embrace private, local suppliers. India’s new defense purchase policy that allows non-state local firms to compete for orders from the military is ...