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  Dubai / Emirates Business Gulf Navigation Holding PJSC is expanding the company’s fleet through a strategic long-term partnership with Wuchang Group, China’s heavy industry giant. The decision was made at Gulf Navigation Holding’s latest board meeting. The move aims to meet the increasing demand for transferring chemicals from the UAE and other GCC countries to global markets. The signing ...

  Bloomberg Ousted Tata Group Chairman Cyrus Mistry accused directors at India’s largest conglomerate of wrongfully dismissing him and warned that the tea-to-software giant may face 1.18 trillion rupees ($18 billion) in writedowns because of five unprofitable businesses he inherited. Mistry, who had been Tata’s chairman for almost four years, was abruptly removed from his role on Monday for non ...

  Bloomberg Indian importers of pulses are renegotiating contracts with suppliers after global prices of lentils and yellow peas dropped by as much as 30 percent on bumper global harvests. Contracts of as much as 500,000 tons of lentils and yellow peas worth about $350 million were renegotiated in the past two months, said Sudhakar Tomar, managing director of Dubai-based ...

  Bloomberg Volkswagen AG and drivers suing the company in the US over its diesel-cheating scandal won final approval of their $14.7 billion settlement to resolve what’s likely to be the largest portion of VW’s civil liability worldwide. The accord requires VW to buy back cars with 2.0-liter diesel engines armed with so-called defeat devices used to beat emissions tests. ...

  Bloomberg Coca-Cola Co., the world’s largest soft-drink company, posted third-quarter earnings that beat analysts’ estimates, helped by new beverages like sports drinks and sales of smaller, more-profitable package sizes. Profit was 49 cents a share, excluding some items, the Atlanta-based company said in a statement on Wednesday. Analysts estimated 48 cents, on average. And while sales fell 6.9 percent ...

  Calais / AFP Workers ramped up demolition of France’s notorious Calais “Jungle” on Wednesday after fierce blazes cut through a swathe of the camp overnight, sending migrants fleeing for safety. Wearing hardhats and orange overalls in the morning fog, a team of around 15 workers resumed tearing down tents and makeshift shelters at the camp that has become a symbol ...

  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, said that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is working firmly with determination and consistency in achieving the future national vision and aspirations of ...

  Dubai / WAM Strong efforts in the field of smart solutions are required to accelerate the implementation of the goals of UAE Vision 2021, Vice President and Prime Minster and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has said. He added that the best smart technologies should be implemented across all sectors, especially the construction industry. ...

  Dubai / WAM The annual Dubai Investment Forum 2016, organised by the Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development, was opened on Tuesday. Second in an annual series, the forum brought together public and private sector leaders to trace Dubai’s new growth cycle during which it aims to be among the smartest and ...

Calais / AFP Workers were set to begin demolishing the notorious Calais “Jungle” camp on Tuesday as a second batch of migrants boarded buses under a massive operation to clear the squalid settlement. More than 1,900 left the slum on Monday, ahead of work to tear down the makeshift shelters and eateries in the camp that has become a symbol of ...