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Bloomberg Poland’s parliament started debate on legislation to raise the tax on petrol, reversing on an election promise even after producing a reported budget surplus in the first half. The ruling party proposed the tariff to provide as much as 5 billion zloty ($1.3 billion) a year to the budget, according to parliament’s website. Law & Justice, which vowed not ...

Bloomberg At least one media mogul is expecting to see a lot more deals like AT&T Inc.’s $85.4 billion purchase of Time Warner Inc., and the seeds for such megamergers could be planted this week in a resort town in Idaho. Pay-TV providers and phone companies like AT&T are realizing they need exclusive programming to set themselves apart in a ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Dubai Creative Clusters Authority, launched Dubai Food Park, the latest addition to Dubai Wholesale City, which ...

Bloomberg Abu Dhabi National Oil Co. (ADNOC) is planning an initial public offering of its service stations unit and may seek a value of as much as $14 billion, according to people familiar with the matter. The company, may appoint investment banks for the share sale, likely to be on the Abu Dhabi stock exchange, as early as this week, ...

Abu Dhabi / WAM The UAE equity markets booked decent gains at the close of Tuesday’s session driven by selective purchases targeting banking and property shares and low price stocks below one dirham. The Dubai Financial Market General Index grew 0.64 percent to reach 3439 points, with Abu Dhabi Securities Exchange General Index closing 0.24% higher than Monday, at 4,408 ...

SAN DIEGO / WAM The Abu Dhabi Urban Planning Council (UPC), won a prestigious international award for its innovative use of Geographic Information System (GIS), mapping technology. The award took place during the 2017 Esri User Conference, which will run until July 14, organised by the International Environmental Systems Research Institute in San Diego, California. The UPC’s award-winning internal web ...

ABU DHABI / WAM The new initiatives launched by ADNOC as part of its flexible operational model will bring significant benefits to the UAE and boost the country’s domestic economy, adding to its resilience and diversity towards achieving more supremacy and competitiveness at the regional and global levels, HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi ...

Dubai / Emirates Business As part of its expansion plan, DC Aviation Al-Futtaim, a joint venture between DC Aviation Group based in Germany and Al-Futtaim, has announced that its second hangar located at Dubai South is on course for completion before the end of the year. The 6,800sqm hangar will more than double the hangar capacity bringing its total land-side ...

ABU DHABI / WAM Abu Dhabi University has offered over AED20 million in scholarships and financial aid during the academic year 2016/ 2017, to 1,200 students. The university had already earmarked AED12 million for scholarships and financial aid at the beginning of the year to coincide with the announcement of #Year_of_Giving initiative, bringing the total volume of financial aid and ...

Dubai / WAM The UAE Gender Balance Council (UGBC) recently held its second meeting for 2017, which was led by the council’s Vice President, Mona Al Marri. During the meeting, the council discussed various topics, including the preliminary results of the Gender Balance Index across federal government entities, pension entitlements for the families of deceased female employees, the council’s brand ...