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Dubai / WAM Establishing effective ways to boost the UAE’s level of food security was the objective of two recent visits to Europe by Mariam Hareb Almheiri, Minister of State for Food Security. The twin trips saw the minister travel to Germany and Ireland – countries ranked among the highest in the global food security rankings – to discuss collaboration ...

Dubai / WAM DMCC, a Free Zone for commodities trade and enterprise, on Tuesday announced its support for the GPC Convention 2020, the global pulse industry’s premier event, to be held at the Grand Hyatt Dubai in April next year. Nearly one thousand academics, government bodies, farming organisations, food and agricultural experts, traders and pulses industry experts from more than ...

Bloomberg Giant Manufacturing Co saw the writing on the wall early on. The world’s biggest bicycle maker started moving production of US-bound orders out of its China facilities to its home base in Taiwan as soon as it heard Donald Trump threaten tariff action in September. “When Trump announced the plan of 25 percent tariffs, we took it seriously,” Chairwoman ...

Bloomberg Water outages will again hit the Philippine capital due to reduced supply at its main reservoir despite the start of the rainy season. Manila Water Co Inc, a unit of Ayala Corp, said the eastern part of the capital was expected to have supply interruptions on Tuesday. Maynilad Water Services Inc, a unit of Metro Pacific Investments Corp, told ...

Bloomberg The Pentagon plans to send about 1,000 more troops to the Middle East as tensions rise between the US and Iran, though President Donald Trump called two recent tanker attacks blamed on the Islamic Republic “very minor.” “I have authorised approximately 1,000 additional troops for defensive purposes to address air, naval, and ground-based threats in the Middle East,” Acting ...

Bloomberg The Trump administration is on track to obliterate former President Barack Obama’s signature plan for combating climate change by replacing sweeping curbs on power plant emissions with requirements for modest upgrades at the sites. The Environmental Protection Agency is set to unveil its rewrite of the Clean Power Plan as soon as Wednesday, finalising a replacement rule that would ...

Bloomberg Volkswagen AG is stepping up the pace of its digital transformation with a plan to pool some 5,000 digital experts into a single unit that will develop “vw.os,” a uniform software operating system across all new models. Chief Executive Officer Herbert Diess has mapped out a “massive expansion” in software and digital investments, and the manufacturer earlier this year ...

Bloomberg Infineon Technologies AG raised about 1.55 billion euros ($1.74 billion) in a capital increase to help finance its acquisition of Cypress Semiconductor Corp. The German chipmaker, which analysts have said may be paying too much for its US rival, sold about 113 million new shares at 13.70 euros each, the company said on Tuesday in a statement. The price ...

DUBAI / WAM A high-level joint business and professional mission from China and Hong Kong have congregated in Dubai for a two-day business programme that focused on cooperation and investment opportunities in the UAE. The mission, co-organised by the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region (HKSAR), and the Ministry of Commerce of the People’s ...

ABU DHABI / WAM SALT – a global thought leadership forum fostering collaboration at the intersection of finance, technology, and geopolitics – has announced that it will bring the global thought leadership forum to Abu Dhabi later this year in strategic partnership with Abu Dhabi Global Market (ADGM). SALT Abu Dhabi, set to take place from November 19-21, will gather ...