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Bloomberg Bharti Airtel Ltd., India’s largest wireless carrier, is considering selling about a 3 percent stake in its tower unit through an institutional share sale, people with knowledge of the matter said. The New Delhi-based company could pare its holding in Bharti Infratel Ltd. as soon as this month, according to the people, who asked not to be identified because ...

Bloomberg Daiichi Sankyo Inc.’s settlement of thousands of lawsuits blaming the company’s blood-pressure drugs for causing intestinal damage brings to $339 million the amount the drugmaker has paid for its handling of the medicines. Daiichi officials agreed on Monday to pay $300 million to resolve patient suits over its Benicar, Benicar HCT, Azor and Tribenzor blood-pressure treatments. The accord comes ...

Bloomberg Thyssenkrupp AG is considering a radical breakup plan as a possible alternative to the proposed combination of its European steel operations with India’s Tata Steel Europe Ltd., according to people familiar with the matter. Under the alternative scenario, Thyssenkrupp would retain its European steel operations and hive off most or all of the other activities, said the people, who ...

Bloomberg China’s foreign-exchange regulator is examining how some of the country’s biggest dealmakers used their domestic assets as collateral to get loans overseas, people familiar with the matter said. The State Administration of Foreign Exchange recently began reviewing loan guarantees for Anbang Insurance Group Co., Dalian Wanda Group Co., Fosun International Ltd., HNA Group Co. and the Chinese owner of ...

Dubai / WAM More than AED204 billion of investments are generated by 201 plastics plants operating in Abu Dhabi, according to the Industry Development Bureau of the Abu Dhabi Department of Economic Development (ADDED). The revelation came during a workshop organised by the bureau as part of the ADDED’s ‘Industry Dialogue’ initiative, aimed at bolstering an investment-conducive environment at the ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a federal decree No. 84 of 2017 to transfer and appoint Khalid Ali Al Bustani, Assistant Undersecretary for International Financial Relations to the position of Director-General of the Federal Tax Authority and the rank of an Undersecretary at Ministry. The Director General of the FTA ...

NEW DELHI / WAM Relations between the UAE and India, which received a fillip when His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited New Delhi as chief guest for Indian Republic Day in January, are set to scale greater heights. Intense preparations are under way ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) and Capital Markets Authority (CMA), Kenya signed a FinTech cooperation agreement which provides a fra-mework to support financial innovation in each jurisdiction. Richard Teng, Chief Executive Officer, Financial Services Regulatory Authority (FSRA) of ADGM, and Paul Muthaura, Chief Executive, CMA Kenya signed the agreement, which expands both parties’ FinTech cooperation network ...

ABU DHABI / WAM Nawah Energy Company has announced the achievement of a number of milestones in the area of operational readiness. The company has begun making arrangements to welcome the Pre-Operational Safety Review Team, Pre-OSART, from the International Atomic Energy Agency (IAEA) for their planned mission for Unit 1 at Barakah Nuclear Power Plant (BNPP) in Al Dhafra Region ...

ABU DHABI / WAM Abu Dhabi Department of Economic Development and Federal Authority for Competitiveness and Statistics (FCSA) signed a joint cooperation agreement to reinforce the strategic partnership between the two sides through the exchange of the database, experiences and knowledge. The MoU was signed at the FCSA headquarters by Abdulla Naser Lutah, Director-General of the Authority, and Khalifa Bin ...