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Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec), successfully completed Cold Hydrostatic Testing (CHT), at Unit 3 of the Barakah Nuclear Energy Plant in Abu Dhabi. The testing, which is a crucial step towards the completion of Unit 3 of the 4-unit Barakah plant, incorporated the lessons learned from Units 1 and 2 and represents a significant milestone in ...

DUBAI / WAM The Dubai Investment Development Agency (Dubai FDI), the investment development agency of Dubai Economy (DED), held a meeting with major industries and key investors at the Circulo Ecuestre in Barcelona, Spain in collaboration with Senda International Company. The meeting, which aimed to further boost Dubai’s strong investment and trade relations with Spain, formed part of Dubai FDI’s ...

Dubai / Emirates Business Dubai Tourism alongside its public and private sector partners welcomed cruise ship Horizon into Dubai, marking the debut of Pullmantur Cruise Lines in the region. To commemorate the occasion, a traditional ‘Plaques and Keys Exchange’ ceremony was hosted on board in the presence of the President and CEO of Pullmantur Cruises and the ship’s captain, as ...

Bloomberg China took more steps to defuse trade tensions with the US, confirming it will remove the retaliatory duty on automobiles imported from America and preparing to restart purchases of American corn. The 25 percent tariff imposed on vehicles as a tit-for-tat measure will be scrapped starting from January 1, the finance ministry said. China also may buy at least ...

Bloomberg Forty years ago, 18 villagers of Xiaogang in Anhui Province banded together to disobey the orders of China’s government, risking their lives by deciding to farm individually instead of collectively. Now, they’re celebrated as the pioneers of Reform and Opening Up — the process of turning China into a market-based economy that celebrates its 40th anniversary this week. As ...

Bloomberg Envoys at a United Nations conference adopted a set of steps on fighting climate change meant to guide efforts to rein in greenhouse gas pollution worldwide. The diplomats drawn from energy and environment ministries in almost 200 countries backed rules to implement the three-year-old Paris Agreement, which called for drastic reductions in the use of fossil fuels by the ...

Bloomberg A borrowing spree by the Canadian federal and provincial governments is threatening to increase costs for companies just as the economy turns, according to BlackRock Inc. Public-sector borrowing is set to swell as issuers including the federal government, Ontario — already the world’s largest issuer of sub-sovereign debt — and Alberta continue to run budget deficits, BlackRock’s head of ...

Bloomberg Healthcare investors may have to be a bit more selective than they’re used to in 2019. With US health stocks poised to wrap up their second straight year of outperforming the broader market, the focus on hunting for innovation and next year’s winners is even more in vogue after recent market volatility. Small- to mid-cap biotechnology darlings that saw ...

Bloomberg Sri Lankan President Maithripala Sirisena caved in to mounting pressure and reinstated Ranil Wickremesinghe as prime minister, ending nearly two months of a protracted leadership crisis that prompted Moody’s, S&P and Fitch to downgrade the island’s credit rating. Sirisena on Sunday swore in Wickremesinghe, who he had abruptly fired on October 26 and replaced with former strongman president Mahinda ...

AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI), and the Department of Economic Development in Ajman organised the UAE-Japan Investment Forum in cooperation with the Japan External Trade Organisation (JETRO). The forum is aimed at opening new skylines of cooperation between the two parties, and to explore the important economic opportunities available, thus increasing the trade volume ...