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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, held talks with Kassym-Jomart Tokayev, President of the Republic of Kazakhstan at the Al Watan Palace in Abu Dhabi, where they addressed bilateral ties and ways to strengthen them. They also discussed the developments ...

Abu Dhabi / WAM Abu Dhabi Commercial Bank (ADCB) on Monday reported its full year financial results for 2019, announcing a net profit of AED5.244 billion with double-digit annualised return on tangible equity of 11.2%. The Board of Directors has recommended a cash dividend of AED0.38 per share, translating to a pay out of AED2.644 billion, equivalent to 50% of ...

DUBAI / WAM The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) unveiled the ‘Digital Knowledge Hub’ – a comprehensive online platform to facilitate self-education and promote development – following the directives of MBRF Chairman Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum. Launched on the occasion of the United Nations’ International Day of Education on January 24, at a ...

DUBAI / WAM A charity initiative sponsored by the Emirates Red Crescent Authority (ERC) in Dubai saw the distribution of 3,440 food parcels to orphans, workers, farmers and low-income families. With the help of some 300 employees and customers of destination management company ’24 Degrees’ and ‘Grace Conservation’, foods including oil, rice, lentils, sugar, tea, wheat flour, legumes and canned ...

Bloomberg UK prime minister Boris Johnson will put his friendship with president Trump to the test this week as he is poised to allow Huawei Technologies Co a role in the country’s fifth-generation wireless broadband networks. In the week that the UK ends its 45-year relationship with the European Union, (EU) Johnson is expected to make a series of critical ...

Bloomberg German business expectations took a surprising turn for the worse at the start of the year, underscoring the challenges Europe’s largest economy faces in exiting a protracted slowdown. The Ifo Institute’s measure of executives’ outlook fell to 92.9, missing economist estimates for a gain. The drop was driven by dwindling prospects in services and construction — sectors that supported ...

Bloomberg An explosive leak from former National Security Advisor John Bolton’s unpublished book that says President Donald Trump wanted to freeze aid to Ukraine until its government investigated his political rival threatens to scramble the politics of the impeachment trial and bring new pressure on Republicans to call witnesses. Bolton’s account in the draft of his book, as described by ...

Bloomberg Drugmakers are racing to find medicines that can curb the spread of the coronavirus as the infection bypasses China’s travel restrictions. Pharmaceutical companies from Gilead Sciences Inc to Moderna Inc are pursuing two main strategies: helping to re-purpose medicines developed against other lethal viruses from Ebola to HIV, and relying on new technologies to develop a vaccine faster than ...

Bloomberg Renault SA could name a new chief executive officer ahead of a crucial meeting in Japan on Thursday aimed at showing that the deeply-troubled alliance with Nissan Motor Co and Mitsubishi Motors Corp is moving past the Carlos Ghosn era. The French carmaker’s board gave the green light for Luca de Meo to become the new CEO, Le Parisien ...

Bloomberg Temasek Holdings Pte has “significantly” increased the number of companies it’s bought into while boosting the value of its portfolio by about 3%, Temasek International Chief Executive Officer Dilhan Pillay said. The Singapore state investor’s portfolio value as of March 31, 2019 was S$313 billion ($232 billion) — up 1.49% from the year prior. When asked how it has ...