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Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE), the government entity in charge of ensuring excellence and sustainability in energy sector in Abu Dhabi, has received a delegation from the Saudi Arabia’s Saline Water Conversion Corporation (SWCC), to enhance cooperation and outline joint efforts towards a more sustainable future for the wider region. During the visit, DoE ...

Bloomberg President Donald Trump and North Korean leader Kim Jong-un might declare a formal end to the Korean War during their summit this week, South Korea said, as the US leader played down the prospects of giving Pyongyang sanctions relief. The two leaders could reach an agreement on how to resolve the 1950-53 conflict as part of their meeting scheduled ...

Bloomberg For almost two years, the question has lingered over China’s market-roiling crackdown on financial leverage: How much pain can the country’s policy makers stomach? Evidence is mounting that their limit has been reached. From bank loans to trust-product issuance to margin-trading accounts at stock brokerages, leverage in China is rising nearly everywhere you look. While seasonal effects explain some ...

Bloomberg The stunning arrest, indictments and long incarceration of former Nissan Motor Co. Chief Executive Officer Carlos Ghosn have given pause to foreign executives considering taking on senior jobs at Japanese companies. As Ghosn enters his fourth month in jail and awaits a trial still several months away, the imprisonment of the Japanese business world’s most high-profile foreigner may stymie ...

Bloomberg Roche Holding AG will buy Spark Therapeutics Inc. for $4.8 billion, a deal that will transform the Swiss drugmaker from a laggard to a leader in the emerging field of gene therapy. Along with French biopharmaceutical company Ipsen SA’s agreement on Monday to acquire Clementia Pharmaceuticals Inc. for as much as $1.3 billion, the Roche deal shows how drug ...

Bloomberg Among the world’s biggest consumer companies, Europe’s Unilever NV, L’Oreal SA and Danone are best prepared for the effects of climate change relative to their peers, according to a report from the nonprofit CDP. Formerly known as the Carbon Disclosure Project, CDP took a double-barreled approach in ranking the 16 largest consumer companies on measures including exposure to emissions, ...

Bloomberg Microsoft Corp. is introducing an improved version of its HoloLens augmented-reality goggles and lowering the price, as it tries to develop a bigger business selling the devices to corporate customers. At $3,500, the HoloLens 2 with a wider field of view and easier controls than the original is still an expensive piece of gear, but it’s less than the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced that it has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investors. To mark the occasion, a signing ceremony was held at Adnoc Headquarters with Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc ...

Abu Dhabi / WAM Given how uncertain and volatile the global economic and political landscape currently is, with market uncertainty pervasive and investor confidence deteriorating, global private equity firms are on the lookout for stable, new markets where they can be certain not just of promising returns on investment but also an investor-friendly regime. As a result, the UAE, with ...

MUSCAT / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, described the relations between the UAE and Oman as a distinguished example of “strong and well-established ties.” The minister made the remarks while addressing the UAE-Oman Economic Forum, which was held in Muscat to develop investment and business opportunities between the two nations. “The forum represents a practical translation ...