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MUNICH / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, emphasised the UAE’s support for a political solution to the Libyan crisis and highlighted in this regard Germany’s efforts through the Berlin track, considering it the only manner of achieving security and stability in Libya. In his speech before the first meeting of the International Follow-Up ...

Bloomberg India, the world’s second-most populous nation, is facing the ripple effects of shutdowns in China with production of medicines to mobile phones being hit as supply chain disruptions prolong. Prices of paracetamol, the most commonly used analgesic, have jumped by 40% in India, while the cost of azithromycin, an antibiotic used for treating a variety of bacterial infections, has ...

Bloomberg Indonesia’s exports slumped in January just as the coronavirus began spreading, with Finance Minister Sri Mulyani Indrawati warning of a hit to global trade. Exports fell 3.7% from a year ago versus a median estimate for a surplus of 1.2% in a Bloomberg survey of economists, the statistics office said on Monday. Imports declined 4.8%, resulting in a trade ...

Bloomberg UK consumers will face higher prices on goods coming from the European Union (EU) after Brexit, whether Boris Johnson signs a free trade agreement with the bloc or not, according to a major business group. Products imported from the EU after January 1 2021 will require customs declarations, which cost between 16 pounds ($21) and 56 pounds per product ...

Bloomberg China might have data and the US might have money, but Europe has purpose. That’s the message European Union tech czar Margrethe Vestager aims to convey on Wednesday when she unveils plans to help the bloc compete with the US and China’s technological might on its own terms, conforming with fundamental EU rights including strict privacy and non-discrimination rules. ...

Bloomberg Elon Musk’s first electric car plant in Europe is facing legal delays that could set the project back by several months after a court halted work on clearing a forest for the new Tesla Inc factory near Berlin while it considers a challenge by environmentalists. The Berlin-Brandenburg higher administrative court issued a temporary injunction against further logging, overturning a ...

Bloomberg The US and Taliban will sign a peace deal at the end of February, more than a year after negotiations started, paving the way for broader talks between the Afghan government and the extremist group on the country’s post-war future. The peace agreement will be signed during a ceremony, according to the group’s spokesman Zabihullah Mujahed, as well as ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the opening session of Global Women’s Forum Dubai (GWFD 2020), which kicked-off on Sunday in the emirate. He was accompanied at the event by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of ...

DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, on Sunday opened 25th edition of Gulfood 2020, the annual food and beverage (F&B), trade show at Dubai World Trade Centre (DWTC). An open invitation for F&B producers to demonstrate how they are ‘Rethinking Food’ to serve a global population that ...

DUBAI / WAM Abdullah Al-Maeeni, Director-General of Emirates Authority for Standardisation and Metrology (ESMA) announced that the Islamic spending on food and beverages has grown by 1.6 percent, and is expected to reach $9.1 trillion in the next three years, reflecting a very important opportunity for investment and creating global halal food brands. The volume of investment opportunities in the ...