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Bloomberg Indonesia is touting an abundance of low-cost renewable energy to lure billions of dollars in investment Southeast Asia’s largest economy needs to build processing plants for commodities such as nickel, copper and aluminum. The commodity powerhouse has potential to develop 33,000 megawatts of hydro power and 29,000 megawatts of geothermal energy at costs as low as 2-4 cents per ...

Bloomberg For some money managers, closing a $100 million fund would be akin to reeling in a big fish. For Rob Kaplan, it’s just the bait. Kaplan, a former Walmart Inc executive, plans to invest the $106 million he’s raised from some of the world’s biggest plastics makers in companies that promise to prevent trash from ending up in the ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Sheikhs, attended on Tuesday the ‘March of the Union’ as part of the Sheikh Zayed Heritage Festival 2019 in Al Wathba, Abu Dhabi, on the occasion of the 48th National Day. The march, ...

Dubai / Emirates Business Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the 12th edition of the Arab Strategy Forum will begin in Dubai on December 9 at Ritz Carlton DIFC, with former US Vice President Dick Cheney, and former Foreign Minister of ...

New Delhi / WAM In a gesture to mark the UAE’s 48th National Day, the Indian government has issued a special postal cover with images of Sheikh Zayed bin Sultan Al Nahyan and Mahatma Gandhi with streaming replicas of the national flags of their respective countries under those images. The postal cover also has a special postmark with the legend ...

Sharjah / Emirates Business The Sharjah FDI Office (Invest in Sharjah), an affiliate of the Sharjah Investment and Development Authority (Shurooq) organised a Sharjah – Europe Business Roundtable, at the Sharjah Chamber of Commerce and Industry, to explore interests with six European business councils based in the UAE, and to introduce emerging prospects in a variety of sectors attractive to ...

PARIS / WAM The UAE pledged to donate AED184 million ($50 million) of development support, in addition to a previous amount of AED184 million ($50 million) allocated this year by the Abu Dhabi Fund for Development (ADFD), to support development projects in the Comoros. The UAE made this announcement during its participation in the “Donors’ Conference in Support of the ...

Bloomberg France’s government said the European Union (EU) would retaliate if the US follows through on a threat to hit about $2.4 billion of French products with tariffs over a dispute concerning how large tech companies are taxed. “It’s not worthy of an ally, and it’s not the behaviour we expect from the US towards one of its main allies, ...

Bloomberg Volkswagen AG is facing one of the largest-ever UK class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the drivers opened their case and must first prove that the allegations belong in court. They need judges to follow findings ...

Bloomberg Twitter Inc Chief Executive Officer Jack Dorsey returned from a trip touring African startups ready to go back. He said in a Twitter post recently that he’ll spend three to six months somewhere on the continent next year. Dorsey had spent much of November meeting with startups and people in the tech industry in South Africa, Ethiopia, Nigeria and ...