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  Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum inaugurated the second phase of the Dubai Water Canal, a 12 kilometre waterway that connects Dubai Creek with the Arabian Gulf. The Dubai Water Canal project has been built at a cost of AED 3.7 billion. Crown ...

  Abu Dhabi / WAM Ways to promote relations between the UAE and Armenia, and regional and international issues of common concern were the focus of talks held on Wednesday between His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Armenian President Serzh Sargsyan, who is on ...

  Dubai / Emirates Business Danube Properties, UAE’s leading property developer, announced the launch of their new AED 400 million project ‘Miraclz’ located at Dubai’s Arjaan neighborhood close to Miracle Garden. The project was announced at a press conference held at the Danube Properties Headquarters, where the residential tower was unveiled by the Founder and Chairman of Danube Group, Rizwan ...

  London / AFP Political novice and former reality TV star Donald Trump has defeated Hillary Clinton to take the US presidency, stunning America and the world in an explosive upset fueled by a wave of grassroots anger. The Republican mogul immediately pledged to unite a deeply divided nation. But global markets had already plunged into turmoil and the long-standing ...

  Brussels / AFP Vladimir Putin was the first global leader to welcome Donald Trump’s stunning election victory, which left much of the rest of the world anxious at the prospect of the businessman and reality-TV star at the helm of the world’s biggest economy and most powerful military. Putin sent a congratulatory telegram to Trump, and said later at ...

  Abu Dhabi / Emirates Business Oil companies that invest during the current downturn in oil prices stand to profit the most when supply and demand comes back into balance, according to the UAE’s Energy Minister, His Excellency Suhail Mohamed Faraj Al Mazrouei. Speaking on the sidelines of His Excellency’s Q&A discussion at ADIPEC’S VIP Programme on the UAE’s future ...

  Bloomberg Cash may no longer be king in India. The nation’s nascent digital economy stands to be the biggest beneficiary of its strongest crackdown on corruption since 1978. In a surprise announcement late Tuesday, Prime Minister Narendra Modi banned 500-rupee ($7.50) and 1,000-rupee notes effective midnight, sweeping away 86 percent of total currency in circulation. Paytm, India’s largest digital ...

  Bloomberg China’s biggest coal producers signed thermal supply contracts with major power generators in Beijing on Tuesday as the country’s top regulators push to stop prices of the fuel from rising too much. Shenhua Group Corp. and China National Coal Group Corp., the country’s two biggest coal producers, signed the deals with state-owned power generators China Huadian Corp. and ...

  Brussels / AFP The European Union on Wednesday edged up its eurozone growth forecast for this year but trimmed it for 2017, warning that the economy faced new challenges due to Brexit and rising inequality. Brussels also nearly halved its economic growth outlook for Britain itself next year due to uncertainty over the country’s vote to leave the bloc. ...

  Bloomberg There’s a war brewing over the future of rooftop solar, and Arizona is at ground zero. Pinnacle West Capital Corp., which owns the state’s largest utility, last week said it has formed a third-party group to support candidates for an elected state board that regulates their industry. The move promises to inject $1 million into a race in ...