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18,000 Yemenis benefit from ERC mobile clinics

HODEIDAH / WAM The Emirates Red Crescent (ERC), inaugurated its fourth free mobile clinic along Yemen’s Red Sea Coast. The mobile clinics have treated over 18,000 Yemenis, including children, women and the elderly. Dr. Moustafa Al Kazmi, Head of the Medical Team, stated that the clinics in Al Ghuwairiq, At Tuhayat District, have treated over 80 medical cases, while noting ...

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Congo’s Fayulu urges protest as rival handed presidency

Bloomberg Democratic Republic of Congo (DRC)’s Constitutional Court confirmed opposition leader Felix Tshiskedi as the next president, while rival Martin Fayulu rejected the ruling and declared himself the rightful head of state. The court judgment of Sunday in Kinshasa, the capital, clears the way for the first transfer of power via the ballot box in the cobalt- and copper-rich nation ...

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Vietnam makes pitch as an ‘investor haven’ in trade war

Bloomberg A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the US-China trade war. “We are ready to grab the opportunity,” Phuc said in an interview with Bloomberg TV’s Haslinda Amin, a few days before departing this week to the World ...

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India’s Sun Pharma falls after new whistle-blower complaint report

Bloomberg Sun Pharmaceutical Industries Ltd plunged to its lowest point in almost six years after a media report that a new whistle-blower complaint alleging corporate governance lapses has been sent to India’s market regulator. Shares of the nation’s largest drugmaker slipped 8.4 percent to close at 390.75 rupees a share — the lowest level since March 2013. Sun Pharma was ...

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Private equity investors get IRS rules on 20% tax break

Bloomberg Business owners — and their accountants — can rest a bit easier: the IRS has given them the long-anticipated final word on how they can claim one of the biggest perks in the 2017 Republican tax overhaul. The regulations detailing the new 20 percent deduction for pass-through business owners are of critical importance to the operators of such entities, ...

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Tesla loses most valuable carmaker crown

Bloomberg The battle between Tesla Inc and General Motors Co for the most valuable US carmaker is heating up. After Tesla followed in the footsteps of the legacy automakers and announced a plan to cut jobs, shares of the electric vehicle maker dropped as much as 10 percent in New York, bringing its market capitalisation to just $54.2 billion. GM, ...

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E-scooter startups Lime, Bird raise millions in new funding

Bloomberg Two electric scooter startups, fresh off raising hundreds of millions of dollars last year, are now raising hundreds of millions more, according to multiple people familiar with the details. But the latest hard-fought deal terms for Lime and Bird Rides Inc. both peg the companies’ worth at far less than the lofty valuations the startups once sought. New funding ...

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UAE-India bilateral trade to exceed $100 billion by 2020

GANDHINAGAR, India / WAM Narendra Modi, Prime Minister of the Republic of India, today met with Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and Dr. Ahmed Al Banna, UAE Ambassador to India. They explored prospects for further cooperation between the UAE and India, building on the strong existing ties between the two countries, and discussed ...

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Sheikha Fatima Field Hospital opens in Karachi

Karachi / WAM The Sheikha Fatima Field Humanitarian Hospital has been opened in Karachi by Hamad Obeid Ibrahim Salim Al Zaabi, the UAE Ambassador to Pakistan, to provide therapeutic, diagnostic and preventive services to underprivileged segments of society, primarily women, children and elderly people, in Pakistan. Noura Al Suwaidi, Director of the General Women’s Union, said the facility, which provides ...

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Trump agrees to second Kim summit as N-deal stays elusive

Bloomberg US President Donald Trump agreed to hold a second summit with North Korean leader Kim Jong-un at the end of February. What the two leaders hope to achieve remains a mystery. The summit announcement came after a 90-minute White House meeting between Trump and Kim Yong Chol, one of the North Korean leader’s top aides. They discussed “denucleariaation and ...

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