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Mohamed, Tahnoun receive condolences

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 His Highness Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler’s Representative in Al Ain Region, have received a number of dignitaries and state representatives of neighbouring Arab nations, who came to pay their ...

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Abdullah, Spanish King discuss bilateral relations

MADRID / WAM King Felipe VI of Spain received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in Madrid and expressed the importance of enhancing cooperation between the two countries in various fields. King Felipe and HH Sheikh Abdullah discussed ways to strengthen historical bilateral relations between the UAE and Spain and ways ...

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UAE, Moldova keen to explore potential in bilateral relations

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received Pavel Filip, Prime Minister of Moldova, and his accompanying delegation. Sheikh Mohammed welcomed Filip and discussed with him a number of issues related to developing friendly relations and cooperation between the two countries, and building ...

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FANR to ensure safe, secure, peaceful N-programme

Abu Dhabi / WAM The UAE Federal Authority for Nuclear Regulation (FANR), on Tuesday unveiled details of its 2018 corporate outlook focusing on ensuring safe, secure and peaceful nuclear and radiation programmes in the country. Addressing a media briefing, Christer Viktorsson, Director-General of FANR, said that “the UAE is moving rapidly forward with developing its nuclear sector (and) FANR made ...

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India’s budget squeeze may put corporate tax cuts on hold

Bloomberg Businesses waiting for Indian Prime Minister Narendra Modi to follow through on a pledge to cut corporate taxes may need to wait a bit longer. In his last full budget before 2019 elections, Modi is facing a revenue squeeze that may make it difficult to deliver on a promise to lower the basic corporate tax rate over time to ...

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Ola aims abroad with push into Australia ride-hailing market

Bloomberg Ola, India’s biggest ride-hailing startup, is heading down under. It’s the overseas debut for Ola, which will start inviting drivers in Sydney, Melbourne and Perth to sign up, it said. Ola will be competing with Uber Technologies in Australia. The two companies have been going head-to-head in India’s $10-billion ride-hailing market where the ramshackle public transportation systems in cities ...

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SAP makes biggest deal since 2014, CEO backs US tax plan

Bloomberg SAP SE Chief Executive Officer Bill McDermott has backed US President Donald Trump’s tax plan, and revealed a $2.4 billion deal for Callidus Software Inc., its biggest acquisition in more than three years. SAP said it will pay $36 a share for Dublin, California-based Callidus, known as CallidusCloud, to give Europe’s biggest software company access to new sales analytic ...

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Wanda puts US project up for sale

Bloomberg Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. has put its last two overseas property developments up for sale, according to people familiar with the matter, in the latest unwinding of a decade-long overseas buying spree that put it in the cross-hairs of Chinese regulators. Wanda is seeking buyers for a hotel, office and apartment complex in Chicago and ...

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Once-hot Toronto housing hits deep freeze as lending rules bite

Bloomberg The only thing that might be colder than Toronto in January is the Canadian city’s housing market. While the bleak mid-winter is never the best time to sell a home in Canada, a string of open houses in the country’s largest city were chillingly empty on a recent afternoon. Tougher mortgage rules went into effect on January 1 just ...

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Putin stages Syria peace meet boycotted by Assad opponents

Bloomberg Russia is hosting a Syria peace summit in the Black Sea resort of Sochi, with its hopes for securing an internationally-backed plan dashed as the opposition boycotts the initiative. More than two years since Russia’s military intervention in the war-torn country, it’s succeeded in decisively shoring up ally Bashar al-Assad. But even as the Syrian leader closes in on ...

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