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Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Tuesday received the President of the Maldives, Abdulla Yameen Abdul Gayoom, and his accompanying delegation. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and HH Sheikh ...

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, met with a delegation from the National Happiness and Positivity Programme to discuss the programme’s initiatives, achievements, and future objectives. Ohood Al Roumi, Minister of State for Happiness, was also in attendance. Speaking during ...

BELGRADR / WAM Financing for one of the largest wind power projects in mainland Europe has been agreed by the project’s shareholders and lenders at a ceremony in the Serbian capital of Belgrade. Due for completion in the first half of 2019, the 158 megawatt (MW) capacity Cibuk 1 wind farm will be the largest utility-scale commercial wind project in ...

ABU DHABI / WAM Leading companies from the largest oil producing region outside OPEC, the Commonwealth of Independent States (CIS) will be increasing their presence at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) targeting the event as a hub for global deal-makers. Two of Russia’s biggest oil and gas companies, Lukoil and Gazprom, have each confirmed substantial ...

Bloomberg Hong Kong’s market for initial public offerings is heading for its worst year since 2012 as a combined $20 billion of megadeals are being pushed to next year. State-owned China Tower Corp. was slated to be one of this year’s biggest deals, with a fundraising goal of as much as $10 billion, according to people with knowledge of the ...

Bloomberg Indonesia will turn to private investors for the hundreds of billions of dollars in investment needed to develop the archipelago’s infrastructure and natural resources, President Joko Widodo said, brushing off claims he was increasingly becoming an economic nationalist. All major projects will be offered to the private sector, Widodo, also known as Jokowi, told Bloomberg Television’s Haslinda Amin in ...

­­­­­­­­­­­Bloomberg The US Supreme Court agreed to decide whether law enforcement officials conducting a criminal investigation can demand data held overseas by Microsoft Corp. and other tech companies in a high-stakes clash over digital privacy. The justices will review a federal appeals ruling that the Trump administration says has become a major obstacle in criminal probes. Already, Google and Yahoo, ...

Bloomberg UK inflation climbed to its highest rate in more than five years in September, boosted by the cost of food and transport. Consumer prices rose 3 percent from a year earlier, the fastest pace since April 2012 and up from 2.9 percent in August, the Office for National Statistics said on Tuesday in London. The increase intensifies the squeeze ...

Bloomberg Daimler AG is firming up plans for its biggest corporate overhaul in a decade, granting its car and truck operations more independence in a move that could pave the way for spinoffs and other deals as the automaker confronts the disruptive shift to self-driving electric vehicles. Under the plan, the German automotive giant would break up its conglomerate structure ...

Bloomberg North Korea warned that a nuclear war “may break out any moment” as the US and South Korea began one of the largest joint naval drills off both the east and west coasts of the peninsula. Kim In Ryong, North Korea’s deputy ambassador to the United Nations, said that his nation had become a “full-fledged nuclear power which possesses ...