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Bloomberg Indonesian President Joko Widodo was poised to win another term running the world’s largest Muslim-majority country, even as opponent Prabowo Subianto signalled he would challenge the outcome. Six top private polling agencies had Widodo, known as Jokowi, ahead of the former general by at least seven percentage points with about 90 percent of the vote counted. While election authorities ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, discussed ways of reinforcing the economic and commercial ties between the UAE and the Czech Republic, as well as partnership opportunities and the exchange of expertise between their public and private sectors, to serve their economic goals. The discussion took place during a meeting between Al Mansouri and ...

Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, opened on Tuesday, Cityscape Abu Dhabi, the emirate’s leading property investment and development event, at Abu Dhabi National Exhibition Centre. The three-day property event is being staged under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince ...

DUBAI / WAM Hessa Essa Buhumaid, Minister of Community Development, met Akihiko Nakajima, Ambassador of Japan to the UAE, and exchanged views on the UAE’s community development initiatives, and the care for members of society, especially senior citizens. The minister relayed the UAE experience in community care for Senior Emiratis and family cohesion based on diversified policies and legislation following ...

Dubai / WAM Omar Sultan Al Olama, Minister of State for Artificial Intelligence and Deputy Managing Director of Dubai Future Foundation (DFF), highlighted the role of building solid international ties, establishing global partnerships, and employing modern technologies across various industries in supporting the UAE’s efforts in developing the industry of the future. He made these remarks while leading a UAE ...

Bloomberg Russia is preparing for North Korean leader Kim Jong-un’s first summit with President Vladimir Putin, setting the stage for consultations between the long-time allies after Kim’s nuclear talks with the US broke down. Russian officials told a South Korean diplomatic delegation visiting Moscow this week that plans were being made for a summit but offered no details on a ...

Bloomberg A unit of HNA Group Co defaulted on a loan it took out less than seven months ago, the latest in a string of missed payments that threaten to complicate the embattled Chinese conglomerate’s restructuring. Lenders to CWT International Ltd, a Hong Kong-listed unit of HNA, said they would seize most of the company’s assets — including CWT’s stake ...

Bloomberg India’s forecast of plentiful rain during this year’s monsoon may come as a relief to its farmers as well as Prime Minister Narendra Modi, who’s seeking a second term in office in national elections currently underway. Annual rainfall during the June-September rainy season, which waters more than half of the country’s farmland and is crucial for economic growth, is ...

Bloomberg Some of the largest US technology companies pushed for a corporate tax overhaul in 2017 by suggesting they would go on hiring sprees and boost the economy. Just over a year after getting what they wanted, data show these firms gave most of their huge tax savings to investors. The top 10 US tech companies spent more than $169 ...

Bloomberg Poland plans to overhaul its pension system in a way that ends uncertainty over the future of assets managed by privately-held pension funds and helps the government avoid widening the budget deficit. Polish stocks fell and government bonds rose. The government proposed transferring all of the 162 billion zloty ($43 billion) of assets in the privately-managed part of the ...