Tokyo / AP Japanese Prime Minister Shinzo Abe held talks with Myanmar leader Aung San Suu Kyi on Wednesday and pledged 40 billion yen ($390 million) in aid to back her government’s peace process with ethnic minorities, amid growing international concern about reported army attacks on a Muslim group. Abe told Suu Kyi that Japan fully supports her efforts at ...
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India wavers on emissions goal as power plants balk at price tag
Bloomberg India may ease a deadline to cut pollution from coal-fired power plants blamed for causing the world’s worst air quality amid pressure from generators who say it’s too difficult to implement the $37 billion reforms. The deadline to meet all the new standards may be pushed back beyond the original December 2017 target, said S.D. Dubey, chairman of ...
Read More »Germany ‘unshaken’ by Brexit promises to Nissan
Bloomberg German Chancellor Angela Merkel’s government is relaxed about the assurances Britain gave to Nissan Motor Co., viewing attempts to keep the carmaker in the U.K. as inevitable given the expected negative economic fallout of Brexit. British efforts to keep companies based in Britain are understandable as Prime Minister Theresa May has to do what’s needed to prevent the ...
Read More »Crude demand may peak in 5 years
Bloomberg Royal Dutch Shell Plc, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years. “Oil, we’ve long been of the opinion that demand will peak before supply,†Chief Financial Officer Simon Henry said on a conference call on Tuesday. “And that peak may be somewhere between 5 and ...
Read More »DWTC set to attract 250,000 visitors
Dubai / Emirates Business Dubai World Trade Centre’s (DWTC) November calendar of events is poised to attract more than 250,000 visitors out of which more than 50 percent are expected to be international visitors and exhibitors. The diverse line-up of over 20 events, including Gulfood Manufacturing – the region’s largest food and beverage processing industry event – promises broad-ranging ...
Read More »â€˜UAE believes in opening new venues of coop in trade, culture’
DUBAI /Â WAM The UAE opens its doors to friends and brothers from other countries because it believes in the importance of communicating and holding talks with their governments, Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, said on Tuesday while receiving President of Belarus Alexander Lukashenko at ...
Read More »IRENA’s 12th council meet commences in Abu Dhabi
Abu Dhabi / Emirates Business More than 300 high-level government representatives from 100 countries – the largest number ever represented at an IRENA Council meeting – gathered on Tuesday in Abu Dhabi to attend the 12th Council of the International Renewable Energy Agency (IRENA). At the outset of the meeting, IRENA’s Director-General Adnan Z. Amin, presented the annual report ...
Read More »Dubai Chamber explores ways to tap Kazakh investment potential
Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) in co-operation with Kazakhstan’s National Agency for Export and Investment (KAZNEX INVEST) and the Embassy of the Republic of Kazakhstan to the UAE, held the Kazakhstan Export briefing on Tuesday in a bid to explore potential for improving ties between Dubai and Kazakhstan across several sectors. These ...
Read More »â€˜Install drone detectors around Dubai Airport’
Dubai / WAM The Emirates Airline requested the authorities to take strong measures and impose penalties to discourage future occurrences of unauthorised drone activity, and also consider implementing drone detectors at the Dubai airport. The appeal was made by Adel Al Redha, Emirates’ Executive Vice President and Chief Operations Officer, who said, “Flight diversions and extensive holding are costly. Financial ...
Read More »Iraqi forces battle IS on edge of Mosul
Arbil /Â AFP Elite Iraqi forces battled the IS group on the eastern edge of Mosul on Tuesday, with a top commander saying the “true liberation” of the extremist-held city had begun. Amid heavy fighting on the eastern front over the past two days, forces from Iraq’s US-trained Counter-Terrorism Service (CTS) had advanced into Gogjali, a village separated from Mosul ...
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