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  Bloomberg Cleaning up the March 2011 Fukushima nuclear disaster, the world’s worst atomic accident since Chernobyl, will cost almost twice as much as originally expected as decommissioning expenses increase, according to Japan government estimates. Total costs will rise to 21.5 trillion yen ($188 billion), up from a previous estimate of 11 trillion yen, Japan’s Ministry of Economy, Trade and ...

  Bloomberg Steel Authority of India Ltd., the country’s top producer, booked a loss for the sixth straight quarter, almost in line with analyst estimates, as costs increased. The company lost 7.3 billion rupees ($108 million) in the three months through September compared with a shortfall of 11.1 billion rupees a year ago, the company said in a statement. That ...

  Bloomberg Canadian oil sands producers are finally ready to grow again as Cenovus Energy Inc. and Canadian Natural Resources Ltd. announce they are pushing ahead with expansion projects two years into the worst crude slump in decades. Cenovus said that the company will proceed with its 50,000 barrel a day phase G expansion at its Christina Lake oil sands ...

  Bloomberg President-elect Donald Trump’s sit down with technology titans next week will have two marquee attendees: Alphabet Inc.’s Larry Page and Eric Schmidt. Page, chief executive officer of the Google parent company, and Schmidt, the chairman, were planning on going to the meeting, a person familiar with the decision said late Friday. The person asked not to be identified ...

  Aleppo / AFP Syria’s army pushed forward in Aleppo on Sunday as thousands fled rebel-held areas but its forces lost ground to the south where the IS group recaptured the ancient city of Palmyra. After a sudden withdrawal by regime forces, IS extremists made a lightning-fast advance across Palmyra, sparking new worries for its remaining ancient treasures. Forces loyal to ...

  Abu Dhabi / Emirates Business Abu Dhabi Systems and Information Center (ADSIC), organized the Abu Dhabi Government Contact Centre Forum at the Rosewood Hotel – Abu Dhabi. The event, aimed at discussing the latest achievements, updates and future plans of the Contact Center that have been designed to achieve customer service distinction and happiness. The Forum kicked off its ...

  Abu Dhabi / Emirates Business The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) posted continued global success, celebrating a milestone year in its 19th edition, and realising ongoing industry acclaim from world oil and gas leaders. More than 8,500 delegates, 2,000 exhibiting companies, 700 speakers, and over 95,000 visitors from 135 countries gathered in the UAE capital for ...

  Abu Dhabi / WAM ADNOC Distribution announced the opening of three new service stations in Sharjah, taking the total number of its service stations in the emirate to 88. The new additions are Al Manakh service station, Minerva service station, and Al Manara service station. Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said, “The opening of ...

  Dubai / Emirates Business PayPal and Ipsos released their third annual cross-border commerce report. The global insights research investigated the online domestic and cross-border shopping habits of more than 28,000 consumers in 32 countries, to uncover opportunities for consumers in the world’s commerce revolution. The Global Cross-Border report shows Middle-East as one of the regions with the highest incidence ...

  Dubai / Emirates Business DAMAC Towers by Paramount Hotels & Resorts, one of the largest projects under construction in Dubai, yesterday won the “Tower Project of the Year” award at Construction Week Awards. The project was named the winner in its category and selected based on construction best practice and an exemplary safety record. Construction Week Awards, one of ...