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Sharjah / WAM The fifth edition of the region’s leading FDI event, the Sharjah FDI Forum, titled “Future Trends in Foreign Direct Investment”, got underway at Sharjah’s Al Jawaher Reception and Convention Centre, inaugurated by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. The forum is organised by the Sharjah FDI Office (Invest ...

LONDON / WAM Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, on Monday announced that it will launch a new exchange, ICE Futures Abu Dhabi (IFAD), to host the world’s first futures contracts based on Abu Dhabi National Oil Company’s (Adnoc), Murban crude oil. On November 4, Abu Dhabi’s ...

KHAWKHAH / WAM The UAE, represented by its humanitarian arm, the Emirates Red Crescent (ERC), inaugurated a new school in Khawkhah District, which will serve 800 students. The ERC will also launch eight other schools in the coming weeks, bringing the total number of academic establishments restored and furnished by the UAE in the Red Sea Coast to 36. The ...

Bloomberg Ten coal-fired power plants near India’s capital of New Delhi are poised to miss a December deadline to install pollution control devices that would have curbed premature deaths linked to toxic emissions. Eight of the plants, whose operators include Vedanta Ltd, Larsen & Toubro Ltd (l&T) and Uttar Pradesh Power Corp, have yet to order the required flue-gas desulfurisation ...

Bloomberg Myanmar expects to attract more investment as manufacturers seeking to relocate production from China to skirt US tariffs encounter capacity constraints in Vietnam. The Southeast Asian nation, whose goal is to woo a total of $5.8 billion in foreign-direct investment this year, is trying to cut back the red tape that deters some companies, according to a senior government ...

Bloomberg Britain dodged a recession ahead of the now-postponed October 31 Brexit deadline, but investment is in a slump and the economy has lost almost all momentum. The economy grew 0.3% between July and September, avoiding a second straight quarter of contraction, the Office for National Statistics said. Still, the figures were weaker than expected and showed the economy had ...

Bloomberg Greece and China in Athens signed 16 agreements in sectors including energy, agriculture, tourism and ports. Chinese President Xi Jinping is on an official visit to Greece for follow-up meetings with Greek officials, after Premier Kyriakos Mitsotakis visited China last week. At that time, the leaders said they wanted to expand relations between two of the world’s oldest civilisations. ...

Bloomberg ArcelorMittal South Africa Ltd will mothball its Saldanha Works plant to curb losses, as raw-material costs and regulated prices mean the operation can no longer effectively compete in steel export markets. Saldanha, on South Africa’s west coast, will be placed on care and maintenance in the first quarter of 2020 and its domestic customers will be served from another ...

Bloomberg Hong Kong saw one of its most violent days since protests began in June, with clashes involving police and protesters leaving downtown paralysed, transportation networks hobbled and two men clinging to life. The chaos started on Monday when demonstrators, still angry after the first protest-related death last week, moved to disrupt the morning commute. A scuffle ensued outside a ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday attended the 4th Abu Dhabi CEO Roundtable, where 30 of the world’s leading oil and gas companies gathered to discuss key industry challenges and opportunities in today’s fast evolving global economy. The ...