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Adnoc fertilisers hosts agricultural workshop

AL AIN / WAM Adnoc Fertilisers, an affiliate of Adnoc Group, hosted at Qasr Al Muwaiji in Al Ain city the 3rd Agricultural Field workshop in cooperation with the Arab Fertiliser Asso- -ciation and Saudi Arabian Basic Industries Corporation (SABIC). The event, organised for the first time in the UAE, aims to showcase Adnoc Fertilizers’ commitment to the community by ...

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UAE non-oil foreign trade hits AED784bn

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, revealed that the UAE economy had achieved several developmental milestones in 2018, which have contributed to stimulating its growth, enhancing its competitiveness and ensuring the sustainable development of the economy. The Minister added that the country has reinforced its regional and global reputation as an economic hub, thanks ...

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Sharjah keen to enhance economic ties with Kenya

Sharjah / WAM Expo Centre Sharjah held discussions with a number of government officials and representatives of economic sectors in Kenya, where they reviewed ways to enhance the participation of Kenyan institutions, companies, investors, and businesspeople in the global specialised exhibitions that the centre organises throughout the year. These discussions were held during the centre’s participation in the trade mission ...

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SoftBank Vision Fund, Alibaba lead $1.1bn Tokopedia round

Bloomberg SoftBank Vision Fund and Alibaba Group Holding Ltd. led a $1.1 billion investment in PT Tokopedia, a financing round that will help Indonesia’s biggest online marketplace venture beyond e-commerce into new areas such as air tickets and insurance. The company was valued at more than $7 billion after the funding, according to people familiar with the matter, who asked ...

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Korea’s minimum wage hikes loom over hurdle to jobs

Bloomberg President Moon Jae-in’s income-led growth campaign will harm South Korea’s economy next year by weakening job creation, according to a majority of economists surveyed by Bloomberg. More than three-quarters of the 30 experts polled forecast employment growth will slow as the government pushes ahead with an 11 percent hike in the minimum wage, adding to the 16 percent increase ...

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Brexit anxiety grips UK businesses

Bloomberg UK companies are fretting over the prospect of a no-deal departure from the European Union, with the government on the brink of collapse and Brexit negotiations likely delayed into the new year. Facing defeat on her Brexit accord, Prime Minister Theresa May this week postponed a vote on the plan. The delay in the Brexit vote means British businesses ...

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Google CEO rebuts bias, data tracking claims

Bloomberg Google Chief Executive Officer Sundar Pichai kicked off his first appearance before Congress refuting claims of bias, explaining the company’s privacy approach and stressing its American roots. As the hearing began, the heads of both political parties led with questions about Google’s data collection. Republican Bob Goodlatte asked how much personal information Google absorbs via its Android mobile software. ...

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Dell set to return to public markets

Bloomberg Dell Technologies Inc won a shareholder vote to return to public markets, putting founder Michael Dell on the winning side of a transformative transaction that polarised investors for the second time in five years. Under terms of the deal, Dell will buy out shareholders of the stock that tracks Dell’s stake in software maker VMware Inc, known by its ...

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Theresa May faces confidence vote in UK on her leadership

Bloomberg Theresa May was expected to face a vote of confidence in her leadership of the Conservative Party as the embattled UK prime minister warned the rebels who want her out that they will be putting Brexit at risk. Tory members of Parliament were expected to vote on Wednesday evening on whether they have confidence in May. If she loses, ...

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Adnoc co-loads LPG, propylene onto same vessel in Ruwais

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Tuesday announced it has safely completed the first co-loading of liquefied petroleum gas (LPG) and propylene onto the same vessel, which was docked in Ruwais, the UAE. Under normal circumstances, LPG, which is produced by Adnoc Gas Processing, and propylene, which is produced by Adnoc Refining, are transported ...

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