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  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 ...

  Abu Dhabi / Emirates Business Yas Waterworld, the world’s only Emirati-themed waterpark has been recognized for its commitment to excellence in all areas of operation. Adding to its already impressive list of accolades, Yas Waterworld won awards bestowed by independent awarding bodies on a global and national level, including the Mother, Baby & Child Awards 2016 and TripAdvisor. The ...

  Bloomberg Anglo American Plc’s De Beers will flood a massive diamond mine located beneath a subarctic lake in Canada’s Northwest Territories after failing to find a buyer. De Beers will begin inundating tunnels at its Snap Lake mine in early January, it said in a statement distributed recently. In April, it put the site on care and maintenance, saying ...

  Bloomberg Vale SA is betting on the world’s biggest iron-ore project as a way to become more competitive with its largest rivals. For Brazil, the $14 billion S11D mine is a rare bright spot amid the country’s longest recession on record. “This is a confident affirmation that yes, Brazil will return to growth,” Minister of Mines & Energy Fernando ...

  Aleppo / AFP Buses began entering the last rebel-held parts of Aleppo on Sunday to resume the evacuation of thousands of increasingly desperate Syrian civilians and rebels trapped in the besieged enclave. As international alarm grew over the plight of the residents including women, children, the sick and wounded, the UN Security Council was to vote on whether to send ...

  MANILA / AP The United States said on Sunday that it would work with the Philippine president to address any concerns after he threatened to terminate a pact that allows US troops to visit the Philippines. President Rodrigo Duterte was enraged after a US government aid agency deferred a vote on a renewal of a major development assistance package ...