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Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc, Distribution), is planning to expand its facilities and investment services around the UAE, especially in Dubai, which currently serves only four stations, announced Saeed Mubarak Al Rashdi, Acting CEO of Adnoc Distribution. The company plans to increase the number of stations in Dubai over the next five years, by constructing ...

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, met Alberto Bonisoli, Italian Minister of Cultural Heritage and Activities, and explored means of enhancing the UAE-Italian cultural relations through the establishment of joint cultural and artistic projects bringing together the artists of the two countries. This came on the sidelines of Al Kaabi’s participation ...

Bloomberg Agriculture Secretary Sonny Perdue wants China to be a customer of American farm products, even after Washington hiked tariffs on more than $200 billion in Chinese goods, and said retaliation by Beijing would prompt the US to boost support to its farmers. “Our biggest goal will be for China not to retaliate and stay at the table to negotiate ...

Bloomberg China’s top security regulator sought to ease concerns about burgeoning stock-market volatility, after the wild price swings capped the worst three-week rout for mainland equities in more than a year. The recent gyrations were due to “external factors,” but these are not the dominant elements in China’s stock-market development, said Yi Huiman, chairman of China Securities Regulatory Commission, in ...

Bloomberg Thyssenkrupp AG announced a dramatic U-turn in corporate strategy, saying it will take its elevator business public and abandon a plan to split in two. The shares surged the most on record after Chief Executive Officer Guido Kerkhoff said that the new proposal could also lead to the elimination of as many as 6,000 jobs. Kerkhoff’s reversal comes just ...

Bloomberg Canada’s economy posted record job gains in April, along with a pick-up in wages, in the strongest sign yet the nation’s economy has emerged from a soft patch. Employment rose by 106,500 in April, Statistics Canada said in Ottawa, the biggest one-month increase in data going back to 1976. Economists had forecast employers would add about 12,000 positions. The ...

Bloomberg BT Group Plc’s new boss Philip Jansen kept the phone company’s dividend in the face of declining profits while committing to the turnaround begun by his predecessor. Jansen said earnings would fall this year and BT needed to be “more competitive” as he laid out plans to accelerate a fibre network rollout. The dividend pledge was a relief for ...

Bloomberg Venezuelan opposition leader Juan Guaido told an emissary to meet with US military officials in a bid to establish “direct” cooperation, a signal he’s warming to the idea of intervention by force after months of failed attempts to topple President Nicolas Maduro. Guaido told supporters during a rally in Caracas that he’s sending his envoy in Washington, Carlos Vecchio, ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) on Saturday announced that it has signed a strategic partnership with Etihad Airways appointing Hala Abu Dhabi, the Destination and Leisure Management division of Etihad Airways, the national airline of the UAE, as the official travel and destination management partner of its key events. Under the strategic partnership, Hala ...

DUBAI / WAM The Ministry of Climate Change and Environment, MOCCAE, the Ministry of Foreign Affairs and International Cooperation (MoFAIC), and the Environment Agency – Abu Dhabi (EAD), have launched the joint ‘Al Maha Diplomacy’ initiative to preserve local biodiversity. As part of the initiative, the three entities seek to introduce the international community to the UAE’s flora and fauna ...