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Bloomberg European Union (EU) leaders failed to clinch a deal on its next long-term budget as deep divisions over spending bubbled up in the aftermath of Brexit. After a 28-hour extraordinary summit in Brussels, they conceded it was impossible to nail down a seven-year spending plan and will have to reconvene sometime before the end-2020 deadline. “Unfortunately today we’ve observed ...

SHARJAH / WAM The UAE-Russian Business Forum held in Sharjah and organised by the Sharjah Economic Development Department (SEDD), in cooperation with the Ministry of Energy and Industry, discussed ways to enhance the strategic partnership between the two countries and focused on the importance of benefiting from the economic, commercial and large investment elements of both sides. It was also ...

Athens / WAM The United Arab Emirates and Greece are forging new pathways to bolster ties between the two countries, following a high-level UAE delegation visit, led by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State. Prime Minister Kyriakos Mitsotakis of Greece received Dr. Al Jaber and his accompanying delegation, as part of their official visit to the ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) reported its financial results for full year 2019 on Wednesday, announcing a total revenue of $1,421.3 million and profit of $413.6 million. The company has $2,404 million liquidity available . HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAE, commented, “The growth of DAE in the last few years has boosted the ...

DUBAI / WAM The Islamic Affairs and Charitable Activities Department (IACAD) in Dubai recently launched a smart donation service at the Dubai mosques, which allows users to donate money by scanning QR codes through their phones, thus replacing traditional methods and procedures of donation. This is in line with the IACAD’s commitment to Article 9 of the 50-Year-Charter, and its ...

Bloomberg Along with the usual files and spreadsheets, the European Union (EU) leaders traveling to Brussels this week to thrash out the bloc’s long-term budget are being advised to bring an extra change of clothes. Maybe two. The extraordinary summit to nail down a seven-year spending plan is scheduled to start on Thursday. But no end time has been set ...

Bloomberg Microsoft Corp tested for the first time in a live election security software that executives say will help restore the trust of voters shaken by claims of fraud, hacking and disinformation in the 2016 election. The company piloted its solution to verify results, a system called ElectionGuard, with voters in Fulton, Wisconsin, who chose candidates for state Supreme Court. ...

Bloomberg US Secretary of State Michael Pompeo said Iran must be held accountable for its proxies’ attacks on American forces in Baghdad, warning that such violence can’t become routine. “It cannot become ordinary course that the Iranians, through their proxy forces in Iraq, are putting the lives of Americans at risk,” Pompeo told reporters on his plane as he prepared ...

Bloomberg Indian Prime Minister Narendra Modi has championed free trade in global forums over the years, but his record back home appears to be one of rising protectionism. The government has increased import tariffs over the last two years to curb cheap goods from abroad and support small- and medium-sized local manufacturers. In November, Modi pulled India out of the ...

Bloomberg Tesla Inc’s financing arrangements in China may be the subject of the Securities and Exchange Commission (SEC) inquiry that the electric-car maker disclosed last week, according to analysts at Evercore ISI. The financing Tesla lined up from local banks last year may have allowed the carmaker to delay recognition of capital expenditures, Chris McNally, who rates Tesla shares the ...