Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), in collaboration with Mohammed Bin Rashid Establishment for SME Development, Dubai SME, successfully held the second Tawasul Forum for 2018 in Dubai in the presence of Khalifa Fund’s members and SMEs entrepreneurs, as well as government and private entities. The forum is part of a series of qualitative initiatives ...

Bloomberg Enbridge Inc. plans to overhaul its system of awarding space on the biggest pipeline carrying Canadian oil to US refiners. Canada’s largest pipeline operator wants to contract 90 percent of the capacity on its 2.85 million-barrel-a-day mainline system by signing long-term deals with potential shippers in an open season early next year, according to people familiar with the matter. ...

Bloomberg Talks between a Nigerian oil labour union and Chevron Corp. over the US energy giant’s plan to fire thousands of workers ended on September 28 with the prospect of a resolution in sight, the union said. Discussions between the union, Chevron and the Nigeria’s Ministry of Labour and Employment “ended in a cordial way as of yesterday,” Fortune Obi, ...

Bloomberg Brazil’s state-run energy explorer Petrobras will pay $853.2 million to settle claims by authorities in its home country and the US stemming from allegations that its executives facilitated bribes to politicians and then concealed those payments from investors in one of South America’s biggest corruption scandals. The bulk of the penalties — more than $682 million — will go ...

Bloomberg Almost 200 Congressional Democrats got a go-ahead from a judge to pursue a lawsuit claiming that Donald Trump is violating a Constitutional ban on receiving benefits from foreign governments without their permission while he’s president. US District Judge Emmet Sullivan in Washington denied a Justice Department request to dismiss the lawsuit, filed last year by Connecticut’s Richard Blumenthal and ...

Bloomberg Indonesia’s death toll from a 7.4 magnitude earthquake and tsunami that struck the island of Sulawesi has risen to 384. Many of the victims were found under collapsed buildings, Sutopo Purwo Nugroho, a spokesman at National Disaster Mitigation Agency, told reporters in Jakarta. More than 540 people were injured, he said Saturday afternoon. Many of the dead were found ...

Bloomberg The Federal Bureau of Investgation (FBI), which remained on the sidelines during the fierce debate over whether Brett Kavanaugh should be on the Supreme Court, will now play a central role in shaping the outcome of his nomination. After resisting days of Democratic calls for an FBI probe into accusations of misconduct against Kavanaugh, the Senate Judiciary Committee asked ...

Bloomberg Russia’s top diplomat condemned what he described as “an onslaught of belligerent revisionism” that threatens the international order in a rare personal criticism of US President Donald Trump, reflecting growing tensions between the former Cold War enemies. Russian Foreign Minister Sergei Lavrov lashed out at Trump’s policies in the Middle East, his withdrawal from the Iran nuclear deal and ...

Bloomberg Brazil’s leading presidential candidate, far-right former army captain Jair Bolsonaro, said that he wouldn’t accept an election result that doesn’t grant him victory. Speaking in a live televised interview on TV Band from his hospital room, where he is recovering after a knife attack, Bolsonaro was asked how he thought the military would react if Fernando Haddad, the leftist ...

Bloomberg A Brazilian Supreme Court judge has suspended a decision that allowed a newspaper to interview former head of state Luiz Inacio Lula da Silva, who yields tremendous influence over upcoming presidential elections despite being in prison. Luiz Fux’s ruling issued late Friday blocks a previous injunction from fellow Supreme Court Judge Ricardo Lewandowski that permitted Folha de S. Paulo ...