Abu Dhabi / WAM By playing a vital role in peacekeeping missions in different areas of the world, the UAE Armed Forces have carried and spread the UAE’s principles and its message for peace and stability, said Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs. In a statement made to mark the 42nd anniversary of the Armed ...

Abu Dhabi / WAM His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, has said that the UAE Armed Forces’ Unification Day constitutes a precious and grand memory, graciously cherished by all Emiratis, thanks to the essential role played by the Armed Forces in supporting the country’s advancement. Sheikh Saud added that the ...

Abu Dhabi / WAM Marking the 42nd UAE Armed Forces Unification Day, Lt. General Hamad Mohammed Thani Al Rumaithi, Chief of Staff of the Armed Forces, said that the unification of the Armed Forces represents the true beginning of transforming the nation’s military capabilities. In an interview with ‘Nation Shield’, the UAE’s military journal, Al Rumaithi added, “The UAE Armed ...

Abu Dhabi / WAM Mansour Ibrahim Al Mansouri, Director-General of the National Media Council (NMC), said the UAE Armed Forces represent the glories of the nation and are a source of pride to all Emiratis. In a statement he made on Saturday to mark the 42nd anniversary of the Armed Forces Unification Day, Al Mansouri said, “the UAE people remember ...

Bloomberg French energy giant Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country. Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6 percent target this year thanks to acquisitions and new projects from the Arctic to West Africa. In South ...

Bloomberg The board of Flipkart Online Services Pvt has approved an agreement to sell about 75 percent of the company to a Walmart Inc.-led group for approximately $15 billion, according to people familiar with the matter, an enormous bet by the American retailer on international expansion. Under the proposed deal, SoftBank Group Corp. will sell all of the 20-plus percent ...

Bloomberg Toyota Motor Corp. is investing C$1.4 billion ($1.1 billion) in its Canadian operations to build traditional and hybrid RAV4 sport utility vehicles, banking on the nation’s manufacturing sector amid a cloud of uncertainty from Nafta talks. The Japanese automaker’s Canadian unit made the announcement at its plant in Cambridge, Ontario, alongside Prime Minister Justin Trudeau and Ontario Premier Kathleen ...

Bloomberg An Indian jeweller that saw its market worth reach $3.6 billion at the start of the year is now floundering at about a quarter of that value after one of its founders gifted some shares to family members, raising concern about the company’s governance. PC Jeweller Ltd. slumped about 40 percent in the past week after the company said ...

Bloomberg Ant Financial, the Chinese online finance behemoth that’s expected to seek an initial public offering, posted a 65 percent jump in profit in fiscal 2018 as it expanded its footprint in wealth management, consumer lending and overseas markets. The company controlled by Alibaba Group Holding Ltd.’s billionaire co-founder Jack Ma posted $1.4 billion in pretax profit in the year ...

Bloomberg Frenzied demand for Ping An Healthcare and Technology Co.’s initial public offering failed to translate into a strong debut. The company, known as Good Doctor, closed unchanged in the worst first-day performance by a technology company on the city’s main board since October 2014. That’s after the company drew HK$373 billion ($47.5 billion) of retail money for a $1.1 ...