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Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, on Wednesday attended the opening of the fifth edition of the World Green Economy Summit (WGES 2018). The Summit, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, will run ...

Dubai / Emirates Business Regional trade enabler DP World, UAE region unveil five clean energy initiatives at the Water, Energy, Technology, and Environment Exhibition (Wetex) week, the Middle East’s leading trade show for the energy, water, and sustainability industries. Renewable energy such as solar, waste recycling, and the development of a zero emission supply chain management across its regional and ...

Dubai / WAM Consulate General of the Netherlands in Dubai, on behalf of the Dutch Economic Network in the Gulf region, launched its new multiyear campaign: Dutch Connection in the Gulf – Uniting Water, Energy, Food, at Wetex 2018 in Dubai. The initiative was launched during ‘the Dutch Hour’, in the presence of Mariam Hareb Almheiri, Minister of State for ...

Bloomberg President Donald Trump conceded there’s no evidence for his claim that Middle Eastern terrorists are among thousands of migrants travelling from Honduras towards the US border, but blamed Venezuela and unidentified “leftists” for encouraging the so-called caravan. Trump is trying to make immigration central to the midterm elections next month that will determine whether Republicans maintain control of Congress. ...

Bloomberg Pakistan has said that Saudi Arabia agreed to a $6 billion support package to bolster Islamabad’s dwindling finances following a second visit by Prime Minister Imran Khan to Riyadh seeking aid. Saudi Arabia will deposit $3 billion directly with Pakistan “as balance of payment support,” while another one-year deferred payment facility of up to $3 billion for oil imports ...

Bloomberg Innovent Biologics Inc., a Chinese biotech firm backed by Temasek Holdings Pte, raised HK$3.3 billion ($421 million) after pricing its Hong Kong initial public offering near the top of a marketed range, people with knowledge of that matter said. The Suzhou-based company priced it sale of 236.35 million shares at HK$13.98 apiece, the people said, asking not to be ...

Bloomberg The UK is planning legislation to prevent a repeat of the contagion that followed Carillion Plc’s collapse. When the construction giant failed in January, it left its 30,000 suppliers some 2 billion pounds ($2.6 billion) out of pocket after it took up to four months to pay its bills. The shockwaves reverberated through the UK economy, damaging confidence already ...

Bloomberg Procter & Gamble Co. has been dinged over the years for being too big, too slow and too cautious as it tried to break out of tepid growth. It has issued a rejoinder: the largest jump in five years of a key sales measure. Investors cheered the first-quarter results, which the company says is proof its turnaround is working. ...

Bloomberg Germany’s economy started the fourth quarter on the back foot, with private-sector activity slowing to the weakest since 2015 and factory orders contracting for the first time in four years. The composite Purchasing Managers’ Index for Europe’s largest economy dropped to 52.7 in October from 55.0 last month, according to a flash reading released by IHS Markit on Wednesday. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that building the future is not merely an improvisational decision but a strategic plan based on knowledge and clear goals. His Highness also said that decisions related to the future of human being and humanity should be ...