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Bloomberg Exxon Mobil Corp warned it may take up to $30 billion in writedowns on natural gas fields acquired more than a decade ago, and reported a third straight quarterly loss. Exxon is confronting one of its biggest crises. If the company takes the full $30 billion impairment, it will be the industry’s worst in more than a decade, according ...

Bloomberg As troops in the Himalayas hunker down for the brutal winter, the outcome of the worst clashes in decades is becoming clear: China has pushed further into territory once patrolled exclusively by India. A summer of fighting saw India lose control over about 300 square kilometres (115 square miles) of land along the disputed mountainous terrain, according to Indian ...

Dubai / WAM Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE cabinet approved the federal budget of AED 58 billion for the fiscal year 2021. His Highness Sheikh Mohammed bin Rashid asserted that the UAE will continue to implement major projects and focus on ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) announced complete digitisation of account opening process for Small and mid-size enterprises, SMEs, through the BASHER portal, becoming the first bank in the Middle East to achieve this milestone. The Government of the UAE represented by the Department of Proactive Services – Ministry of Possibilities, MoP, launched BASHER to simplify the ...

Abu Dhabi / WAM The Arabic Language Centre, a subsidiary of the Department of Culture and Tourism – Abu Dhabi, has announced the signing of a Memorandum of Understanding with Alef Education to commence cooperation between the parties in the field of Arabic language education modernisation and support. The MoU establishes a framework focused on utilising modern technologies, data analysis, ...

Dubai / WAM The Ministry of Community Development (MoCD) in partnership with Next 50 Year Preparation Committee completed 70 workshops for more than 1,240 people who participated in specialised development workshops held remotely under the title “Non-Benefit Public Dialogue”. The workshops were organised by the Non-Benefit Public Associations and the supervision of the MoCD in partnership with the “designing next ...

Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, broke a new Guinness World Records title for the Most videos in a music medley video during last night’s Global Gig, the biggest virtual rock concert in history – and aims to break 24 more to honour the Silver Jubilee anniversary. ...

Bloomberg The final stretch of the race for the White House between Donald Trump and Joe Biden has been fraught with dramatic twists — a hospitalised president, a resurgent pandemic, the death of an iconic Supreme Court justice, and the rapid confirmation of her successor. Yet none of it appears to have altered the course of the race that was ...

Bloomberg UK Prime Minister Boris Johnson said he was extending the government’s wage support program as part of a new partial four-week lockdown for England and offered home owners more financial reprieve. Under the package announced by the prime minister, state payments will be made to furloughed workers of as much as 80% of their wages through the new lockdown ...

Bloomberg Germany will do “everything necessary” to help cushion the impact of the coronavirus on businesses as the government moves to introduce a partial lockdown on Monday, Chancellor Angela Merkel said. Merkel will meet with industry representatives on Wednesday to discuss how to further help them to ease the burden of coping with the coronavirus. “I assure you, the government ...