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Abu Dhabi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received visiting Chadian President Idriss Deby. The two leaders discussed ways of bolstering cooperation between the UAE and Chad to serve the common interests of the two countries, with a focus on ...
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May, 2016
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30 May
Etihad ESCO, Drydocks World sign service pact
ABU DHABI /Â WAM Etihad ESCO and Drydocks World signed a service agreement to prepare for, and evaluate the potential for on-site solar energy generation. Under the agreement, Etihad ESCO will improve facilities to reduce electricity and water use and study ways to recycle waste water for Drydocks World, which is the largest shipyard service provider to the shipping, offshore, ...
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30 May
Expo Centre Sharjah highlights biz opportunities at German forum
Sharjah /Â WAM The Expo Centre Sharjah can play a key role in helping German establishments and investors find a foothold in the country as well as the entire region, more than 600 policy makers, senior executives and experts from both the Arab World and Germany were told last week. Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah, was part ...
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30 May
DED’s Arabic directory to help businessmen, investors in Dubai
Dubai /Â WAM The Department of Economic Development (DED) in Dubai has published an Arabic directory on the various economic activities licensed in Dubai, as part of department’s efforts to help businessmen and investors save time and improve overall ease of doing business as well as competitiveness in the emirate. The initiative which is aimed at promoting sustainable economic development ...
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30 May
Dubai to host largest Indian property show from June 2
Dubai / Emirates Business Sumansa Exhibitions brings to you an opportunity to witness the biggest and largest 18th edition of Indian biannual real estate expo in emirates at the Dubai World Trade Centre Zabeel Hall 5 from June 2-4. The expo will witness more than 150 renowned developers with a promise of over 15,000 potential visitors. With free entry ...
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30 May
Japan’s stalled retail sales delays Abe’s tax increase
Tokyo / Bloomberg Japan’s retail sales growth stalled, underscoring weakness in private consumption and increasing the likelihood that Prime Minister Shinzo Abe will delay a sales-tax increase planned for next year. Sales were unchanged in April from the previous month, a government report showed on Monday. The median forecast of economists surveyed by Bloomberg was for a 0.6 percent decline. ...
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30 May
Hindalco gains as profit doubles
New Delhi / Bloomberg Hindalco Industries Ltd. shares surged after India’s second-biggest aluminum producer more than doubled profit in the fourth quarter and named a new managing director to lead the company. Hindalco appointed Deputy Managing Director Satish Pai from Aug. 1 to replace D. Bhattacharya, who resigns after helming the billionaire Kumar Mangalam Birla-owned company since 2003. Pai, ...
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30 May
Maruti halts production after fire in plant
Mumbai / Bloomberg Maruti Suzuki India Ltd. fell the most in almost two weeks after a fire at a component supplier disrupted supplies prompting the unit of Suzuki Motor Corp. to suspend production at both its factories. Shares of Maruti declined as much as 2.2 percent, the most intraday since May 18. They traded at 4,066.55 rupees, down 1.9 ...
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30 May
Galaxy Resources to buy General Mining in lithium takeover
Perth / Bloomberg Galaxy Resources Ltd., an Australian lithium developer, agreed to acquire joint-venture partner General Mining Corp. in a deal that values its target at A$216 million ($155 million). Shares in the two companies surged. Perth-based Galaxy offered 1.65 new shares for each General Mining share it doesn’t already own, it said in a statement on Monday. The ...
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30 May
Takata to rule out bankruptcy, seeks funds from buyer
Tokyo / Bloomberg Takata Corp. has ruled out using bankruptcy as a way of mitigating liabilities from its record air-bag recalls and is instead seeking buyers that could take a controlling stake and carry the company through its safety crisis, a person with knowledge of the restructuring process. Lazard Ltd., Takata’s financial adviser, will meet manufacturers as well as financial ...
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