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Bloomberg For more than a year, Oi SA has struggled to reach a deal with various factions jockeying for a leg up in its $19 billion bankruptcy case. Almost entirely absent from that process? The company’s single biggest creditor. Brazil’s government claims that Oi owes telecom regulator Anatel as much as 20 billion reais ($6.1 billion), but current law forbids ...

Bloomberg The world’s biggest industrial metals exchange is taking on the most powerful players in the gold market with the launch on Monday of its first futures contract for the commodity since the middle of the 1980s. The London Metal Exchange and its partners aim to grab a piece of the action in a city where almost half the world’s ...

Bloomberg Computer simulations may get a role alongside human testing as part of an effort to bring new medications and medical devices to market more quickly and cheaply. The US Food and Drug Administration outlined a proposal to help integrate computer modeling and virtual testing as part of the regulatory approval process for manufacturers — a step the agency said ...

Bloomberg UK companies are overwhelmingly opposed to Britain walking away from talks to leave the European Union without a deal, a survey by the British Chambers of Commerce shows. More than a third of businesses want the UK to stay in the EU single market and customs union, according to the poll of 2,400 firms published on Monday. Almost 30 ...

Bloomberg Carillion Plc plunged the most on record after the British construction company said first-half profit will be lower than expected, dividend payments will be suspended and the chief executive officer has stepped down. Cash flow from some projects has deteriorated, and the board will review all of the company’s major contracts with the help of KPMG, Carillion said in ...

DUBAI / WAM Dubai plans to have a new deep-tunnel sewerage system costing around AED30 billion by the year 2025 as part of the emirate’s efforts to accommodate any future growth and meet long-term needs for used water collection, treatment, reclamation and disposal. Dubbed the ‘Development of the Century’, the project should save millions of dirhams worth of maintenance costs ...

Abu Dhabi / WAM Abu Dhabi’s e-Government will participate in the Esri User Conference (Esri UC), the world’s leading geographic information systems, GIS) event, to communicate, exchange experiences and share knowledge on the latest technologies and innovations in the industry. The conference is organised by the Environmental Systems Research Institute Esri, in San Diego, California from June 10 to July ...

Dubai / Emirates Business Emcredit, a subsidiary of Dubai Economy, has forged a strategic alliance with Network International, the leading payment solutions provider in the Middle East and Africa region, to deliver world-class mobile payment solutions in the UAE. Under a Memorandum of Understanding (MoU) signed between the two entities, Network International will provide advanced acquiring functionality for Emcredit’s next ...

ABU DHABI / WAM As part of its efforts to develop sound and efficient infrastructure for banking systems in the Arab World, the Abu Dhabi-based Arab Monetary Fund (AMF), discussed reports on central banking issues, payment settlement systems and methodologies to promote financial inclusion and stability in the Arab countries. The reports were received by the Arab Committee on Banking ...

ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADINC), one of the leading regional multi-line insurance providers for corporates and individuals has been adjudged as the Best Insurance Company at the Banker Middle East (BME) Awards 2017 in Dubai. Commenting on the achievement, Abudlla Al Nuaimi, Executive Vice President – Shared Services at ADNIC said: “ADNIC’s performance in ...