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  Geneva / WAM   The third review of the UAE’s trade policies and practices under the World Trade Organisation (WTO) began at the organisation’s office in Geneva and will last three days in the presence of fellow WTO member countries. The UAE delegation is headed by Sultan bin Saeed Al Mansouri, UAE Minister of Economy, in the presence of Ambassador ...

  DUBAI / Emirates Business HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) announced that DEWA will launch Concentrated Solar Power (CSP) projects that will generate 1,000MW by 2030, to carry out the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler ...

  Berlin / AFP Turkey on Thursday recalled its envoy to Germany and threatened consequences, in a furious reaction over the Bundestag’s decision to adopt a resolution recognising the World War I massacre of Armenians by Ottoman forces as genocide. Only one MP voted against and another abstained, as the German parliament approved overwhelmingly by a show of hands the resolution ...

  Bloomberg The world’s food-import bill is set to tumble to a seven-year low in 2016 as a decline in grain prices and lower freight rates more than compensate for increased imports, according to the United Nations. Countries around the globe will probably spend $986 million importing food this year, the first drop below $1 trillion since 2009, the UN’s ...

  Bloomberg Chile’s solar industry has expanded so quickly that it’s giving electricity away for free. Spot prices reached zero in parts of the country on 113 days through April, a number that’s on track to beat last year’s total of 192 days, according to Chile’s central grid operator. While that may be good for consumers, it’s bad news for ...

  Vienna / AFP Saudi Arabia expressed confidence on Thursday that oil prices will keep recovering, cementing expectations that a divided OPEC will decide to keep crude gushing at its meeting in Vienna. “Everybody is very satisfied with the market. The market is rebalancing as we speak,” said Khaled Al Falih, newly appointed by the kingdom’s powerful and dynamic new ...

  Sunaina Rana / Emirates Business Ties between Peru and the UAE have seen a burgeoning growth over the past few years in terms of trade, investments and political relations. According to Alvaro Silva-Santisteban, Director of the Trade, Tourism & Investment Office Peru, UAE, the total exports from Peru to the UAE have increased by 700% from 2011 to 2014, ...

  Bloomberg U.K. Prime Minister David Cameron and opposition Labour Party leader Jeremy Corbyn returned to the front line to make the case for staying in the European Union as the anti-Brexit campaign attempted to maintain momentum three weeks out from Britain’s referendum. The pound dropped earlier this week as successive polls showed a swing in favor of “Leave,” suggesting ...

  Seoul / AFP Tens of thousands of North Koreans, brandishing red flags and chanting slogans, paraded in Pyongyang to celebrate the start of the Stalinist regime’s latest five-year economic plan, state media reported on Thursday. The “mass mobilization” took place on Wednesday in the sprawling Kim Il Sung square in the North Korean capital. It marked the beginning of a ...

  New Delhi / Tribune News Service Indian companies’ earnings growth is recovering and they are all set to post a double-digit profit growth for the fiscal years to come, after seeing flattish to weak growth for a few years now, according to analysts. To be sure, this growth comes on a low base. Kotak Insititutional Equities, an arm of ...