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  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 ...

  Washington / AFP A polarized America went to the polls on Tuesday to pick its 45th president, choosing to elect either Hillary Clinton as the nation’s first female commander in chief or billionaire businessman Donald Trump after a long and rancorous campaign that upended US politics. The winner will inherit an anxious nation, angry and distrustful of leaders in Washington. ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, received HRH Prince Charles, the Prince of Wales, at his palace in Zabeel on Tuesday afternoon. Sheikh Mohammed welcomed Prince Charles in the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, HH Sheikh ...

  Dubai / Emirates Business Global property developer Emaar Properties recorded 19 per cent growth in net profit to AED 3.620 billion during the first nine months (January to September) of this year compared to a net profit of AED 3.048 billion during the same period in 2015. Revenue for the first nine months of 2016 was AED11.103 billion. This ...

  DUBAI / WAM National Bonds Corporation, National Bonds, has renewed its partnership with du to support WiFi UAE, a country-wide initiative to provide WiFi access to the public, in line with the UAE Vision 2021. WiFi UAE currently covers Abu Dhabi, Dubai, Sharjah, Al Ain and Ras Al Khaimah. It offers free internet access across Dubai Metro, Dubai Tram, Dubai ...

  Abu Dhabi / Emirates Business Buoyed by rapid technology cost reductions and the consolidation of renewable energy policies, Latin America hosts some of the world’s most dynamic renewable energy markets, according to a new report by the International Renewable Energy Agency (IRENA). Renewable Energy Market Analysis: Latin America finds that the region – endowed with some of the world’s ...