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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, toured the International Defence Exhibition and Conference (Idex 2019), held at the Abu Dhabi National Exhibition Centre (Adnec) on Monday. On the second day’s proceedings, His Highness visited various international companies’ pavilions showcasing the latest innovative ...

Abu Dhabi / WAM The Advanced Military Maintenance Repair and Overhaul Centre, LLC., (AMMROC) and BAE Systems’ Electronic Systems signed a Memorandum of Understanding to provide repairs and upgrades to aircraft at a facility in Al Ain under AMMROC. Speaking to the Emirates News Agency (WAM), after the signing on the second day of the International Defence Exhibition and Conference, IDEX ...

Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, inaugurated the ‘DMCC Coffee Centre’ on Monday, during Gulfood 2019. The state-of-the-art 7,500 square metre temperature-controlled facility is the first of its kind in the Middle East. From crop to cup, the Centre offers cost-effective logistical support and services that connect ...

Bloomberg Crown Prince Mohammed bin Salman said his country plans to invest a whopping $20 billion in Pakistan as he began a swing through Asia at a time when Saudi Arabia’s ties with the west have waned. The two nations signed memorandums of understanding in the energy and agriculture sectors, including one for a $10 billion oil refinery in southwestern ...

Bloomberg China’s space ambitions are shifting into a higher orbit. Following its successful and world-beating trip to the far side of the moon, China is preparing to build a solar power station in space, as the world’s No. 2 economy strives to burnish its superpower credentials. With an $8 billion annual budget for its space program, second only to the ...

Bloomberg Germany’s financial regulator took the unprecedented step of banning short sales of Wirecard AG shares for two months, saying recent price volatility risks undermining the broader stock market. The shares surged. Investors globally are prohibited with immediate effect from taking new short positions or increasing existing ones through April 18, according to watchdog BaFin. That’s the first time it ...

Bloomberg A committee of senior lawmakers in the UK recommended the British government take tougher measures to keep technology companies like Facebook Inc. in check, following a year-long inquiry into fake news and its impact on elections. Damian Collins, the policy maker who spearheaded the inquiry, called for Parliament to create new laws to help a proposed regulator oversee the ...

Bloomberg The venture capital arms of Alphabet Inc.’s Google and Salesforce.com Inc. are investing in UK payments startup GoCardless, which has raised an additional $75 million to fund expansion. The financing is being led by Adams Street Partners, GV, formerly known as Google Ventures, and Salesforce Ventures, GoCardless said in a statement. Existing investors Accel Partners, Balderton Capital, Notion Capital ...

Bloomberg When US President Donald Trump sits down to talk peace with North Korean leader Kim Jong-un later this month, one of America’s closest allies— Japan — will be looking on with apprehension. Like the first time Trump met Kim in June, Japanese Prime Minister Shinzo Abe has found himself on the outside peering in before their second summit set ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have attended the opening of the 14th International Defence Exhibition and Conference (Idex), and ...