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Bloomberg Indonesian President Joko Widodo won last month’s bitterly contested election by a double-digit margin, official results showed on Tuesday, an outcome rejected by his rival who threatened a legal challenge amid threats of street protests by his supporters. Widodo, known as Jokowi, won 55.5 percent of the national vote, compared to his challenger Prabowo Subianto’s 44.5 percent, the General ...

ABU DHABI / WAM Emirates Global Aluminium (EGA), on Monday announced the start-up of a new AED15 million pre-treatment and crusher facility for spent pot lining in a step forward for the recycling of industrial waste. Spent pot lining (SPL), the used inner lining of reduction cells in which aluminium is smelted, is one of the most significant waste streams ...

Sharjah / WAM The Sharjah Department of Statistics and Community Development (DSCD), rolled out the implementation phase of its latest economic survey project, which will encompass all administrative communities and free zones in the emirate. The project was launched in January this year. More than 5,800 organisations from all areas and cities of Sharjah including 860 major companies have been ...

Dubai / WAM Dubai Cares has committed to contributing $800,000 over four years to expand the reach of the International Publishers Association’s (IPA), programmes in Africa, as well as to cooperate on new initiatives with regard to sustainable development, education, and publishing. Kenya and Morocco have been identified as initial focus countries, with other beneficiary countries to be announced at ...

Abu Dhabi / Emirates Business Following the success of the inaugural edition of the Abu Dhabi International Boat Show (ADIBS) in 2018, organisers Abu Dhabi National Exhibitions Company (Adnec) on Monday announced that UAE-based boat manufacturer Al Suwaidi Marine (ASM), will support the event’s upcoming October 2019 edition as returning Official Gold Sponsor. At ADIBS 2018, which attracted more than ...

Bloomberg The impact of the Trump administration’s threats to choke Huawei Technologies Co reverberated across the global supply chain on Monday, hitting some of the biggest component-makers. Germany’s Infineon Technologies AG fell in early trading after the Nikkei reported it halted shipments to the Chinese company in the wake of the US ban. Shares of STMicroelectronics NV were also hit. ...

Bloomberg Nissan Motor Co’s credit standing took another hit, as S&P Global Ratings placed the automaker’s rating on negative watch after it issued a weaker profit outlook last week. There is a more than one-in-three chance of a further delay in Nissan’s profit recovery, said the rating agency, which in February lowered the company’s long-term issuer credit rating for the ...

Bloomberg First, states across the US ordered utilities to clean up ponds full of toxic coal waste. Now, they’re balking at how much companies want to charge for the work. Officials from Virginia to North Carolina to South Carolina are pushing back on utilities’ plans to charge customers for the costs of shuttering coal-ash ponds, long the primary way of ...

Bloomberg National Grid Plc shares dropped the most in more than a month after it unveiled a decline in adjusted operating profit as the UK network operator rebuffed proposals to nationalise energy assets. The nationalisation proposals “are only going to cause a huge amount of disruption,” Chief Executive Officer John Pettigrew said in an interview. It’s “the last thing you ...

Bloomberg For London office developers at least, the Brexit waiting game is over. Developers mostly steered clear of doing new projects on spec in the political upheaval that followed the UK’s 2016 vote to leave the European Union. Now the surprising resilience of London’s office market, highlighted by technology giants like Alphabet Inc. committing to open new bases in the ...