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Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, announced the issuance of a thought paper on infrastructure for crypto and distributed ledger environment, and financial market infrastructures (FMIs). The thought paper is issued in cooperation with the Central Securities Depositories (CSD) and under the patronage of the International Securities Service Association (ISSA). CSDs ...

SINGAPORE / WAM The historic shift in energy use, from West to East, coupled with the rapid adoption of advanced technologies, are creating new challenges and opportunities for the global oil and gas industry as it changes gear to meet the growing energy demand from the high-growth economies of Asia, said Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of ...

Abu Dhabi / WAM Government ministers from 18 countries and more than 80 leading oil and gas CEOs will meet in Abu Dhabi next week, as the 2018 Abu Dhabi International Petroleum Exhibition and Conference (Adipec), commences amid a background of unprecedented change for the industry. Hosted by the Adnoc; and supported by the UAE Ministry of Energy and Industry, ...

Bloomberg Takeda Pharmaceutical Co. Chief Executive Officer Christophe Weber pushed back against dissident shareholders seeking to stop the Japanese drugmaker’s acquisition of Shire Plc, saying he won’t release minutes of boardroom discussions. A group including members of Takeda’s founding family opposes the planned $62 billion acquisition of the UK-listed biotech firm, which would rank as the biggest overseas takeover by ...

Bloomberg Chinese billionaire Li Shufu spent the past decade expanding his auto empire buying Volvo, a stake in Daimler AG and a startup that is building flying cars. Now he’s looking to reinvent the bullet train. Li’s Zhejiang Geely Holding Group signed an agreement on Tuesday with state-owned China Aerospace Science and Industry Corp. to build “supersonic trains” using homegrown ...

Bloomberg The US gave a stark warning to companies around the world: Evading sanctions on Iran will hurt. “I promise you that doing business in Iran in defiance of our sanctions will ultimately be a much more painful business decision than pulling out of Iran,” Secretary of State Michael Pompeo said at a news conference in Washington, after the US ...

Bloomberg Verizon Communications Inc. unveiled a reorganisation focussed on three groups — consumers, business customers and media — as part of Chief Executive Officer Hans Vestberg’s plan to advance 5G wireless technology. Vestberg, who spent his entire career at communications-equipment maker Ericsson AB before coming to Verizon in April 2017, is making network technology a priority throughout the company. Fifth-generation ...

Bloomberg The “deal dividend” promised to Britain by Chancellor of the Exchequer Philip Hammond might be tantalisingly close amid signs an amicable divorce from the European Union could be within sight. Hammond said that a Brexit agreement would allow him to end austerity. Bank of England Governor Mark Carney said the economy would finally see a way through the fog ...

Bloomberg The Kremlin sought to limit damage from another apparent snub after plans fell through for a meeting in Paris between Russian President Vladimir Putin and US leader Donald Trump. Russian officials have pinned their hopes on personal contacts between the two leaders to help achieve a long-sought warming in relations with the US that plunged to their worst since ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said that coding is a key skill in the knowledge-based economy, and it is critical to foster the skills of the youth in this area to create new value in our economy and other spheres of life. ...