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Mohamed meets Somalian prez

  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, on Monday received, at the Qasr Al Bahr Palace, Mohamed Abdullahi Farmajo, President of the Federal Republic of Somalia, who is currently visiting the country. His Highness welcomed President Farmajo and his accompanying delegation, ...

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‘Double efforts to achieve Vision 2021’

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that the efficiency and success of the government is measured by it achievements and its ability to secure its goals on time. “Under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of ...

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Emirates Auction launches first subsidiary in Bahrain

  Dubai / WAM Emirates Auction, a Middle East leader in organising and managing auctions and e-auctions, announced the launch of its first subsidiary in Bahrain, under the name of “Arabian Auction.” Emirates Auction said the launch of its new company, which will begin its operations in the next few days, compliments its expansion plans and its remarkable success through its ...

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Western leaders mull tougher sanctions on Syrians, Russians

  Bloomberg Western powers are weighing new sanctions on Russia and Syria for a deadly chemical attack last week, as leaders seek to present a united front ahead of Secretary of State Rex Tillerson’s visit to Moscow. “The game has now been changed and it’s important that message should be heard from the Americans to the Russians,” British Foreign Secretary ...

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VW’s buyback cars pile up awaiting fix or scrap yard

  Bloomberg Volkswagen AG is making progress settling US legal claims from its emission-cheating scandal, but one challenge looms unresolved: What to do with the hundreds of thousands of diesel cars it is being forced to buy back? The German automaker agreed last year to buy back about 500,000 diesels that it rigged to pass US emissions tests if it ...

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Massachusetts request could boost renewable project proposals

  MONTPELIER / AP A request by the state of Massachusetts for a supply of clean, renewable electricity could give a boost to proposals to carry Canadian renewable energy to southern New England via proposed transmission lines in Vermont, New Hampshire and Maine. There are a handful of proposals across the three states designed to help energy-hungry states Massachusetts, Rhode ...

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China probes top insurance regulator for violations

  Bloomberg China’s anti-graft agency is probing the nation’s top insurance offi- cial Xiang Junbo as the govern-ment steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the China Insurance Regulatory Commission, is under investigation on suspicion of “severe” disciplinary violations, the Central Commission for Discipline Inspection said in a statement on its ...

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Hong Kong home prices near peak as risks mount

  Bloomberg Hong Kong housing prices are close to their peak and economically “unsustainable,” said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit. Price increases in the world’s most expensive home market have outpaced Hong Kong’s gross domestic product growth “significantly” since 2009, and any external shocks could trigger tighter liquidity in the ...

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BHP urged to spin off US oil unit in overhaul

  Bloomberg BHP Billiton Ltd. is being targeted for an overhaul by occasional activist Elliott Management Corp., which urged the world’s biggest mining company to spin off about $22 billion of US oil assets and list them in New York. Elliott says BHP, which has two separate legal entities listed in Sydney and London that are run as one group, ...

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Google denies pay disparity allegations

  Bloomberg Alphabet Inc.’s Google denied Department of Labor allegations that an in-progress investigation suggests “systemic compensation disparities against women” at the internet giant. “Every year, we do a comprehensive and robust analysis of pay across genders and we have found no gender pay gap,” Google said in an emailed statement. “Other than making an unfounded statement which we heard ...

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