Lisbon / AFP Portugal’s prime minister said he had called for “clarifications†from European Commission head Jean-Claude Juncker that there would be no “discriminatory treatment†of his EC predecessor Jose Manuel Barroso, whose decision to work for Goldman Sachs has sparked controversy. “I asked for clarifications from the president of the Commission on the decision taken in relation to …
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Chevron to narrow bids for $3bn Asian geothermal sale
Bloomberg China General Nuclear Power Corp., the country’s biggest nuclear power operator, has been invited to make a second-round bid for Chevron Corp.’s Asian geothermal energy assets, which could fetch $3 billion, according to people with knowledge of the matter. Jakarta-based PT Medco Power Indonesia is considering joining a separate shortlisted consortium that includes Japanese trading house Marubeni Corp. …
Read More »Indonesians declare $8.9bn of Singapore assets for tax
Bloomberg Indonesians have declared 117.3 trillion rupiah ($8.9 billion) of assets held in Singapore under the government’s tax amnesty, though only a small proportion of that figure has been brought back home, Indonesia’s Finance Ministry said. Of the total Singapore assets declared to the Indonesian government as of Sept. 15, only 14.1 trillion rupiah, or about 12 percent, has …
Read More »Syrian rebels ‘regrouping’ under truce: Putin
Slavyansk / AFP Russian President Vladimir Putin accused Syrian rebels on Saturday of using a fragile ceasefire to regroup, as diplomatic tensions between Moscow and Washington simmered over a lack of humanitarian aid access. Fresh shelling and clashes were reported overnight in some areas of the war-torn country, but the US-Russia brokered truce which took effect on Monday appeared …
Read More »Obama to review military strategy against IS extremists
WASHINGTON / AP President Barack Obama will review military strategy against the IS group, press nations to admit more refugees and review progress around the world, despite new challenges, when he makes his final appearance at the UN General Assembly session in New York next week, the White House said. On the sidelines of the session, Obama has scheduled …
Read More »Sharjah FDI forum to zoom in on SME growth
Sharjah / Emirates Business There are several equitable added values which are derived from the significant role which SMEs play to the strategic global economic development process. The Sharjah FDI Forum, organised by the Sharjah Investment and Development Authority (Shurooq), in collaboration with Financial Times (FT) and the fDi magazine, has geared up its 2nd edition with a …
Read More »Middle East Façades expo to open its doors today
DUBAI / Emirates Business Construction companies from the Middle East and abroad are gathering in Dubai to launch thousands of innovative products addressing energy saving, sustainability and fire safety challenges at the Windows, Doors and Façades Event opening on Sunday. As the UAE construction industry prepares for the implementation of the new Dubai Civil Defence laws governing the …
Read More »Mohamed discusses bilateral ties, humanitarian causes with Pope
Vatican City / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Thursday discussed with His Holiness Pope Francis, Pope of the Catholic Church, ways to strengthen bilateral relations and develop them in the service of humanitarian causes that promote peace and coexistence between different …
Read More »Duterte killed justice official, hitman tells Philippine senate
Manila / AFP Rodrigo Duterte shot dead a justice department employee and ordered the murder of opponents, a former death squad member told parliament Thursday, in explosive allegations against the Philippine president. The self-described assassin testified under oath that he and a group of policemen and ex-communist rebels killed about 1,000 people between 1988 and 2013 on Duterte’s orders …
Read More »DEWA records increase in smart adoption
DUBAI / Emirates Business Dubai Electricity and Water Authority (DEWA) has recorded an increase in the use of its smart services during Q2 of 2016, with the smart adoption rate having reached 68%, from a total of 2,492,890 smart transactions. This has led to a positive effect on the environment by reducing 8,521 tonnes of carbon dioxide emissions, …
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