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Geneva / WAM The UAE is working to increase Emiratis’ share in jobs in the future as part of a comprehensive vision for innovation-based sustainable development, said Humaid bin Demas Al Suwaidi, Assistant Under-Secretary at the Ministry of Human Resources and Emiratisation. To achieve this goal, the UAE has adopted multi-pronged strategies for economic development in the run-up to the ...

Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada), has announced that 68 percent of the AED678 million upgraded road network and interchange project at Abu Dhabi International Airport has been completed. The project will connect the new terminal of Abu Dhabi International Airport to the Abu Dhabi – Shahama, E10, highway and will provide a direct access to ...

Bloomberg China and India will be the biggest recipients for new investment in power-generating capacity by 2040, representing a $4 trillion opportunity for the energy sector. China will require $2.8 trillion of spending for 2,547 gigawatts of new capacity, while India needs $1.2 trillion, according to a Bloomberg New Energy Finance outlook forecasting how energy markets will evolve by 2040. ...

Bloomberg Don’t count coal out just yet in Japan. Despite expectations that solar will triple its share of Japan’s power generation mix, the resource-poor country is set to increase its reliance on coal, casting doubt on whether Japan can meet the timetable to reduce greenhouse gas emissions it agreed to in 2015 as part of the Paris climate accord, according ...

Bloomberg Australia’s best three months of hiring since 2004 has brought the jobs market into line with buoyant business conditions — signaling the economy could be in better shape than recent GDP data showed. At the Reserve Bank of Australia, there’ll be some relief. For months, it’s repeated that forward indicators suggested higher employment and lower unemployment were in the ...

Bloomberg Alibaba co-founder Jack Ma may team up with SoftBank Group Corp.’s Masayoshi Son in a $1.5 billion investment in ride-hailing startup Grab, according to people familiar with the matter. The investment would be part of Grab’s previously reported $1.5 billion fundraising, led by SoftBank and aimed at giving the Singaporean startup cash to battle Uber Technologies Inc. in Southeast ...

Bloomberg China Vanke Co., a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd., people with knowledge of the matter said. The Shenzhen-based homebuilder has discussed becoming one of about six major investors in the Chinese bidding group backed by Hopu Investment Management, Hillhouse Capital ...

Bloomberg Warburg Pincus agreed to buy a stake in Tata Technologies Ltd. from its parent Tata Motors Ltd., owner of Jaguar Land Rover, and another Tata group company for about $360 million. The New York-based private equity firm will acquire 43 percent stake in the Singapore-headquartered engineering services company, Tata Motors said in a statement on Thursday. Warburg Pincus will ...

Bloomberg Since its founding 23 years ago, Amazon.com Inc. has upended the business of selling books, music and just about everything else we consume — except food. Not anymore. In one fell swoop, Amazon founder Jeff Bezos charged into the supermarket business with the $13.7 billion acquisition of Whole Foods. The surprise deal shakes up the $800 billion grocery sector ...

Bloomberg Dow Chemical Co. and DuPont Co. won US antitrust approval for their $73 billion merger, overcoming one of the last remaining hurdles to a deal that would create a global chemicals giant. The companies said that the assets they agreed to sell to win US approval didn’t go beyond what they had already agreed to with other jurisdictions. DuPont ...