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Dubai / WAM Following directives from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved the new salary scheme for employees of the Government of Dubai. The new scheme, effective from ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Monday inaugurated the Buhais Geology Park, a pioneering project in the field of ecotourism aimed at introducing visitors to the history of Sharjah’s geology, and the geological importance of Jebel Buhais and the archaeological areas surrounding it. HH Sheikh Sultan bin ...

ABU DHABI / WAM The value of credit facilities provided by banks in Abu Dhabi and Dubai to the business and industrial sectors during the first 11 months of 2019 amounted to AED8.5 billion, or 60.3 percent of the total credit facilities provided to these sectors throughout the country, totalling AED14.1 billion. Statistics issued by the Central Bank of the ...

DUBAI / WAM DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise –announced an up to 30 percent discount rate on licence fees for companies with membership of the UN Global Compact. The UN Global Compact is the world’s largest voluntary sustainability initiative that encourages businesses worldwide to adopt sustainable and socially ...

Bloomberg Iran will withdraw from a major non-proliferation treaty (NPT) if European nations attempt to refer the Islamic Republic to the UN Security Council over its infringements of the 2015 nuclear deal, the country’s foreign minister said. The UK, France and Germany said last week they would trigger the accord’s dispute resolution mechanism, which could eventually mean the matter being ...

Bloomberg India needs a bigger bond market now more than ever, to help get funds to cash-strapped companies cut off from their shadow lenders by a crisis in that sector. But a Bloomberg survey shows that sales of local rupee corporate notes will grow only 2% this year, a similar rate to 2019 that’s historically low. India’s corporate bond market ...

Bloomberg Samsung Electronics Co has appointed Taemoon Roh the head of its smartphone division, tasking a veteran executive with oversight of the world’s largest mobile devices business. Roh, who was formerly the unit’s No. 2 executive, was expected to take over the top job from Koh Dong-Jin from from Monday. Koh remains head of the Korean conglomerate’s IT and mobile ...

Bloomberg If the past three years of Brexit have been difficult and intense, the next 11 months threaten to be even more so. The UK and European Union (EU) are already at odds before they even start thrashing out the terms of their future relationship. British prime minister Boris Johnson views Brexit as an opportunity to break free from what ...

Bloomberg Two AstraZeneca Plc cancer drugs received orphan status for treatment of liver cancer, a designation that may eventually speed progress to approval. The US Food and Drug Administration (FDA) granted the special status reserved for rare conditions to Imfinzi, a lung cancer treatment, and tremelimumab, which has been tested in a combination in a variety of cancers, AstraZeneca said ...

Bloomberg Ford Motor Co, LG Corp and Pernod Ricard SA joined the ranks of the top global companies that are best prepared for the effects of climate change. They won the “A” grade last year for how aggressive they are setting and meeting carbon goals, as well as how forthcoming they are about their efforts, according to an analysis by ...