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  Abu Dhabi / WAM The profit of Mubadala Development Company (Mubadala) the Abu Dhabi-based investment and development company, increased AED 3.3 billion for the year 2016 from AED 1.2 billion in 2015 and the revenues to AED 31.5 billion from AED29.7 billion. This is primarily due to higher revenues from companies within Mubadala’s semiconductor, aerospace and healthcare portfolios, according to ...

  Abu Dhabi / WAM A total of AED13. 2 billion in cumulative savings were achieved by Abu Dhabi National Energy Company (TAQA) in 2016 thanks to a well-integrated transformation programme, according to a statement released by the company on its 2016 financial results on Thursday. TAQA is a leading global energy company headquartered in Abu Dhabi with operations in 11 ...

  DUBAI / WAM The government of Indonesia on Thursday listed two Sukuk with a total value of US$3 billion on Nasdaq Dubai. The listings raised the total nominal value of all Sukuk listed in Dubai above US$50 billion for the first time, to a global record high of US$52.06 billion. The Indonesian government is the largest issuer on the ...

  Dubai / Emirates Business Aster DM Healthcare, the Dubai based healthcare conglomerate, reported a healthy 2016-17 fiscal year led by its continued expansion and acquisition strategy. Over the past year, the group has expanded its network across GCC as well as India. Aster DM Healthcare also announced the closure of US$295 million, comprehensive group-wide credit facility with Axis Bank. ...

  MOSCOW / AP President Vladimir Putin on Thursday emphatically denied allegations of Russian meddling in the US presidential election and said Moscow would maintain hopes of improving relations while waiting for political infighting in Washington to stop. Putin also said he is ready to meet with President Donald Trump in Finland if that country hosts an Arctic leaders’ summit, ...

  Bloomberg With Indonesia’s tax amnesty coming to an end, authorities are now setting their sights on those who didn’t participate and continue to evade taxes. Officials plan to scrutinize credit-card data from banks and compare those with tax reports after the amnesty program uncovered more than $355 billion in previously undeclared assets. While the participants in the amnesty would ...

  Bloomberg The UK economy’s sweet spot is about to be challenged. Prime Minister Theresa May kickstarted the formal withdrawal from the European Union on Wednesday, leaving businesses and investors facing the realities of Brexit and changes to everything from regulation to the movement of workers and goods. There’s also a lack of clarity over whether a good deal — ...

  Bloomberg Native Americans and conservation groups moved to challenge the Trump administration’s decision to restart coal leasing on federal lands, arguing in a legal filing that the activity violates federal environmental laws. The groups filed their lawsuit in a Montana-based federal court, hours after Interior Secretary Ryan Zinke signed an order to resume selling rights to mine federally owned ...

  Bloomberg Steve Victor pulled out of buying his first home the day after Britain voted to leave the European Union. Just a month later, the IT contractor dived back into the market to become the owner of a penthouse apartment in London. “I bailed on the initial shock, but after it sank in I came to the conclusion I ...

  Bloomberg Many of America’s biggest corporations including Apple Inc. and Wal-Mart Stores Inc. are sticking by their pledges to fight climate change even as President Donald Trump guts his predecessor’s environmental policies. Companies say their pledges, coordinated by the Obama administration, reflect their push to cut energy costs, head off activist pressure and address a risk to their bottom ...