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  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) has organised a two-day workshop on Energy Storage in cooperation with the Spanish National Renewable Energy Centre (CENER). The workshop supports DEWA’s role as a platform for sharing knowledge and expertise and its efforts to keep its staff and partners up-to-date with the latest technologies and developments. Over 150 ...

  Aleppo / AFP Several thousand people left the rebel enclave of Aleppo on Monday, raising hope for many others still stranded as Russia eased its objections to sending UN observers to oversee the evacuations. Brokered by rivals Turkey and Russia, the complex deal will eventually see President Bashar al-Assad’s forces exert full control over Syria’s battered second city. Early ...

  Beijing / AFP China on Monday rejected US President-elect Donald Trump’s claim that it had “stolen” an American research drone, as state media said his diplomatic inexperience could spark a confrontation between the two nations. Beijing’s seizure of the marine probe in international waters in the South China Sea raised already heightened tensions between the world’s two largest military powers. ...

  Brussels / AFP Apple on Monday launched a legal challenge against a landmark EU decision that the tech giant pay billions in back-taxes to Ireland, claiming the EU has ignored the law. The European Commission, the EU executive arm, in August ordered iPhone maker Apple to reimburse a record 13 billion euros ($14 billion) in unpaid taxes in Ireland. ...

  Bloomberg Fairfax Financial Holdings Ltd. agreed to buy insurer Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s largest purchase. Fairfax will pay $54 per share, which is 18 percent higher than Allied World’s closing price on Friday. For every share, Allied investors will receive about $10 in cash — half ...

  Bloomberg Pakistan’s drive to sell stakes in its loss-making state-owned entities has been all but abandoned, as the government bows to threats of widespread protests over potential job losses. Former IBM executive Mohammad Zubair, the minister of state for privatization, has found his work increasingly sidelined, even as annual losses from state companies rack up at 600 billion rupees ...

  Bloomberg Ousted Tata Sons Ltd. Chairman Cyrus Mistry resigned as director of group companies as the units prepared to host shareholder meetings to remove him from the boards in a brawl for control of the $100 billion group. Mistry stepped down as a director in Tata Steel Ltd. and Indian Hotels Co., and as chairman of Tata Motors Ltd., ...

  Dubai / Emirates Business Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, signed an agreement with the e-procurement solutions provider Tejari to launch a smart services portal for pre-qualification and registration of members participating in the government procurement programme (GPP). The portal, which is ...

  Dubai / Emirates Business Professional Communication Corporation – Nedaa, a government corporation specializing in the deployment of wireless communications technologies for Dubai, announced that it has forged a strategic partnership with Finnish multinational ICT giant Nokia to establish an Innovation and Creativity Lab in Dubai. The pioneering technology incubator will support ongoing efforts to transform Dubai into a ‘Smart ...

  Dubai / Emirates Business The Ministry of Climate Change and Environment (MOCCE) launched the ‘Environment and Business Majlis’, aimed at boosting the private sector’s contribution and guided private companies to be aligned with the government’s environmental strategies and create new investment opportunities that involved the ministry and the private sector. The announcement came during MOCCAE’s 2nd business meeting with ...