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Bloomberg The US and the Taliban have reached agreement on a seven-day reduction in violence in Afghanistan that’s intended to lead to a broader accord to end America’s longest war. A senior US official said that the two sides have a deal on the reduction of violence that, if achieved, would be followed by a peace plan allowing the US ...

DUBAI / WAM Emaar Properties exhibited a resilient performance in FY 2019 by recording net profit of AED6.20 billion as compared to net profit of AED6.139 billion in FY 2018. Emaar recorded revenue of AED 24.586 billion for 2019. Emaar maintained its positive performance in 2019 recording property sales in Dubai of AED14.949 billion. This performance is a result of ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), is continuing its relief operations, under the framework of its winter campaign to support refugees in Greece who are facing tough climate conditions, upon the directives of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC. The ERC delegation that arrived in ...

SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, Head of the Sharjah World Book Capital, (SWBC) Advisory Committee and Vice President of International Publishers Association (IPA) has conducted a detailed inspection visit on of the ‘House of Wisdom’ library project. The project is developed by Shurooq, the Sharjah Investment and Development Authority, and slated to open in April 2020. ...

ABU DHABI / WAM Abu Dhabi Ports announced a long-term agreement with MSC Cruises, giving the world’s largest privately-owned cruise line berthing rights at the Abu Dhabi Cruise Terminal and Sir Bani Yas Cruise Beach. The deal, signed by Director of Cruise Business at Abu Dhabi Ports, Noura Rashid Al Dhaheri, and MSC Cruise CEO, Gianni Onorato, at MSC’s headquarters ...

Bloomberg Nissan Motor Co is stepping up its pursuit of claims against former Chairman Carlos Ghosn, suing for 10 billion yen ($91 million) in damages from the former leader of the Japanese automaker and its alliance with Renault SA. The lawsuit filed in Yokohama District Court seeks to “recover a significant part of the monetary damages inflicted on the company ...

Bloomberg Singapore will roll out a “strong” economic package next week as part of its national budget to mitigate the economic fallout from the coronavirus outbreak, with the impact on the trade-reliant city-state seen as worse than the 2003 Sars pandemic. The increased economic threat stems from several reasons, such as China’s economy being much bigger today as well as ...

Bloomberg The UK is planning to crack down on damaging Internet content on social media platforms, which could face fines for failing to prevent activities such as child exploitation and incitement to violence. The government is “minded” to give broadcast regulator Ofcom a role as internet watchdog, Culture Secretary Nicky Morgan and Home Secretary Priti Patel said in a statement ...

Bloomberg Air pollution from burning fossil fuels is generating economic losses of $8 billion a day, according to a Greenpeace report. That’s about 3.3% of global gross domestic product, or $2.9 trillion per year, according to a report from Greenpeace Southeast Asia and Center for Research on Energy and Clean Air. China, the US and India bear the highest economic ...

Bloomberg Google claimed the European Commission’s tough antitrust enforcement is a threat to internet innovation on day one of its courtroom fight against a 2.4 billion-euro ($2.6 billion) fine for allegedly thwarting smaller shopping-search rivals. “If Google would have faced the commission’s decision in 2008, Google would have had no other option but to abandon its innovative technologies and its ...