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Abu Dhabi / WAM A UN official has praised the UAE’s role in implementing disaster risk reduction across the world. Sujit Mohanty, Chief of the UN Office for Disaster Risk Reduction (UNISDR), Regional Office for Arab States, said the UAE plays an important role, both locally and internationally, to apply emergency crises response systems and programmes. The UAE government has ...

Bloomberg Oyo Hotels & Homes, a lodging operator backed by SoftBank’s Vision Fund, is betting the same formula that fuelled the company’s rapid growth in India and China can work in the US. Oyo, which opened its first US hotel at the beginning of the year, plans to invest $300 million to expand in the country, Chief Executive Officer Ritesh ...

Bloomberg Chinese telecommunications giant Huawei Technologies Co sued the US over the seizure of telecommunications equipment by American officials who were investigating whether the gear required an export license to leave the country. Huawei, China’s largest smartphone maker, said it’s been waiting for nearly two years for a decision by the US Commerce Department on whether the unspecified equipment can ...

Bloomberg Poland blocked a push endorsed by German Chancellor Angela Merkel for the European Union to end greenhouse gas emissions by 2050, setting a sour tone for a summit that ended with a failure to decide who’s going to lead the bloc’s key institutions. Before the gathering, Merkel allied with the heads of several mostly western EU states to support ...

Bloomberg The two biggest US coal miners are joining forces as the industry’s fortunes continue to wither. Arch Coal Inc. and Peabody Energy Corp. are combining mines in Wyoming and Colorado through a joint venture, the companies said in a statement. The move, which analysts said was long-expected, will create about $820 million in savings, the miners said. The deal ...

Bloomberg UnitedHealth Group Inc. won US antitrust approval for its $4.3 billion acquisition of DaVita Inc.’s physician practice group, letting the health conglomerate close a deal it struck 19 months ago to expand its business of taking care of patients directly. The Federal Trade Commission said that it had signed off on the tie-up after UnitedHealth agreed to sell assets ...

Bloomberg President Donald Trump said he called off retaliatory strikes on three Iranian sites following the downing of a US Navy drone because the action wouldn’t have been “proportionate.” “We were cocked & loaded to retaliate last night on 3 different sights when I asked, how many will die. 150 people, sir, was the answer from a General,” Trump tweeted. ...

PARIS / WAM The Château de Fontainebleau’s historic Imperial Theatre has reopened to the public, following years of restoration works made possible by contributions from the Department of Culture and Tourism – Abu Dhabi. In recognition of Abu Dhabi’s contribution to the restoration, the theatre has been renamed as the Sheikh Khalifa bin Zayed Al Nahyan Theatre. HH Sheikh Abdullah ...

SHARJAH / WAM “World Refugee Day, which falls on June 20, is an annual reminder of pressing questions dealing with the reality and future of the 68 million people who have fled their homes to escape war, prosecution or terror. Every minute of every day, the staggering number continues to grow,” said HH Sheikha Jawaher bint Mohammed Al Qasimi, UNHCR’s ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB), notified the Qatar Financial Centre Regulatory Authority, (QFCRA), that it will relinquish its Qatar Financial Centre (QFC), branch licence and permanently close its QFC branch. According to a statement issued by FAB, the decision to close its QFC branch follows “many months of baseless actions by the QFCRA that have made it impossible ...