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ABU DHABI / WAM The values of tolerance are a social responsibility for every individual in the country, affirmed His Highness. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Education and Human Resources Council. During the Council’s meeting, held at the Zayed University campus in Abu Dhabi, His Highness said that ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE  and Ruler of Dubai, said that the UAE offers the world an advanced model for governance centred on ensuring the happiness of its people and improving their quality of life. Sheikh Mohammed’s comments came as he honoured winners of the second ...

DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (Dewa), inaugurated the extension project of M-Station in Jebel Ali, the largest power and water desalination plant in the UAE. With the construction of the extension, the total cost of M-Station reached AED11.669 billion while ...

Abu Dhabi / WAM The Abu Dhabi Government has repaid its sovereign bonds on 8th April 2019, according to an announcement by the Department of Finance – Abu Dhabi. The bonds were issued by Abu Dhabi Government in 2009 in two tranches of $1.5 billion each, with a total value of $3 billion. The first tranche with a value of ...

Beijing / WAM Mansour Ibrahim Al Mansouri, Director-General of the National Media Council (NMC), officially opened the UAE Pavilion at the Expo 2019 Beijing, taking place in the Chinese capital from April 29 to October 7. Managed and supervised by the NMC, the Pavilion bears the theme ‘Greening the Desert’. This participation, which is the UAE’s first at the Expo’s ...

Bloomberg Anadarko Petroleum Corp, the oil producer at the center of a bidding war, posted adjusted earnings for the first quarter that beat analysts’ estimates as oil and gas sales rose versus last year. The Texas-based driller said it earned 53 cents a share, excluding one-time items that included a $316 million loss attributed to the settlement of commodity derivatives. ...

Bloomberg Spanish PM Pedro Sanchez is looking to keep his options open as he prepares for talks with potential allies over his next government. And that includes Ciudadanos, the center-right party that spent the last few months saying that he must be kicked out of office. Spainish election delivered a clear victory to Sanchez’s Socialist party, but no straightforward route ...

DUBAI / WAM The UAE Government, in cooperation with the World Economic Forum (WEF), inaugurated on Sunday the Centre for Fourth Industrial Revolution in the UAE at AREA 2071, Emirates Towers in Dubai, to be the first of its kind in the region and the fifth globally. In line with the rapid global changes and developments of the Fourth Industrial Revolution, ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), has announced its plan to deposit $250 million into the Central Bank of Sudan (CBOS), to secure increased liquidity and strengthen the financial position of Sudan. The deposit falls within the framework of the newly announced $3 billion (AED11 billion) UAE-Saudi Arabia joint aid package for Sudan that has committed $500 ...

Bloomberg Barely three months into his tenure, Renault SA Chairman Jean-Dominique Senard plans to propose merging the French carmaker with alliance partner Nissan Motor Co under a holding-company framework, according to people familiar with the matter. Each company would own about a 50 percent stake in the holding company and have equal board representation, one of the people said, asking ...