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Bloomberg The Palestinian Authority said it will boycott a conference launching the Trump administration’s Middle East peace plan because it’s focused on economic issues rather than the political disputes at the heart of the conflict with Israel. The White House announced that it will hold a conference in Bahrain next month to promote economic development in the Palestinian territories as ...

Dubai / WAM Etihad Credit Insurance has signed a Memorandum of Understanding with Abu Dhabi Commercial Bank (ADCB), to offer efficient customer service and innovative solutions that will help public institutions and local businesses raise their business profile thereby helping them cement their presence regionally as well as internationally. This alliance which focuses on encouraging and boosting UAE businesses by ...

Al Ain / Emirates Business Strata Manufacturing (Strata), the advanced composite aero structures manufacturing company wholly-owned by Mubadala Investment Company PJSC, has extended its agreement with Pilatus Aircraft Ltd to cover a new composite work package for the PC-24, a twin-engine business jet. The new agreement will see Strata manufacture PC-24 flap track fairings and comes exactly a year after ...

Abu Dhabi / Emirates Business Jubail Island Investment Company (JIIC) announced the appointment of Gulf Contractors Company (GCC) to commence enabling works for the AED5 billion Jubail Island that was recently launched in Abu Dhabi. Enabling works are scheduled for completion in January 2020. Enabling works are generally associated with large-scale land development projects and entail major earthworks and grading ...

Dubai / WAM Dubai’s unemployment rate reached 0.5 per cent last year, while the refined economic participation rate as a percentage of total working-age population reached 83.2 percent, according to the Labour Force Survey 2018 published by Dubai Statistics Center. Arif Al Mehairi, Executive Director of Dubai Statistics Center, said: “The results of the Labour Force Survey 2018 illustrate the ...

Bloomberg Huawei Technologies Co has stockpiled enough chips and other vital components to keep its business running for at least three months as the US curtails its access to American technology, people familiar with the matter said. The Trump administration blacklisted China’s largest tech company — which it accuses of aiding Beijing in espionage — threatening to cut off the ...

Bloomberg At the age of 75, Mikiko Kuzuno found herself recently laid off and applying for a job at a factory near Tokyo. She insisted on making the application in person. “I asked them to please take a look at me,” she said. “I wanted to show them how healthy I am. Some people are very frail.” Kuzuno, 78, is ...

Bloomberg CBS Corp’s seemingly inexorable march towards acquiring Viacom Inc. may take a detour. The broadcasting giant recently talked to Lions Gate Entertainment Corp about buying that company’s Starz cable network, according to people familiar with the matter, a deal that could happen alongside a potential purchase of Viacom. CBS made an informal bid of about $5 billion that was ...

Bloomberg California investigators have determined that PG&E Corp.’s power lines ignited the deadliest blaze in state history, opening the door for more liabilities that the company has already warned may exceed $30 billion. A transmission line owned by PG&E sparked the Camp Fire that killed 85 people and destroyed an entire town in November, the California Department of Forestry and ...

Bloomberg New York denied a key permit for a $1 billion Williams Cos. shale gas pipeline, dealing a critical blow to a project that would shuttle fuel to customers in New York City and Long Island. The New York State Department of Environmental Conservation said that the pipeline would result in water quality violations, including those caused by kicking up ...