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Abu Dhabi / WAM The Department of Energy (DoE), issued an ‘Electricity Generation Licence’ to Barakah One Company, the joint venture subsidiary company owned by the Emirates Nuclear Energy Corporation (Enec), and the Korea Electric Power Corporation (KEPCO). The licence is a key regulatory requirement before operation of the peaceful Barakah Nuclear Energy Plants in Al Dhafra, Abu Dhabi. The ...

Bloomberg Pakistanis voted on Wednesday in a closely fought election that will determine the course of the nuclear-armed nation central to US anti-terrorism efforts and China’s global infrastructure ambitions. Earlier surveys showed none of the top three parties winning a majority. However, Pakistan Tehreek-i-Insaf (PTI), led by former cricket star Imran Khan, is leading on most parliament seats out of ...

Bloomberg Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of Belgian insurer Ageas in what could be its boldest move to expand its international footprint, people familiar with the matter said. Shanghai-based Fosun is talking to advisers about alternatives including teaming up with a partner to split the Brussels-based ...

Bloomberg China pledged to invest $14.7 billion in South Africa and grant loans to its state power utility and logistics company as the two nations seek to strengthen economic ties and increase trade. The rand gained. The commitment follows similar promises from Saudi Arabia and the UAE and bolsters President Cyril Ramaphosa’s campaign to lure $100 billion in investment to ...

Bloomberg President Donald Trump said that the US and the European Union (EU) should eliminate all tariffs, barriers and subsidies, with the bloc’s trade chiefs set to present him with proposals in that direction in a crunch meeting at the White House. “I have an idea for them. Both the US and the EU drop all Tariffs, Barriers and Subsidies!” ...

Bloomberg Nike Inc. is raising the salaries of about 7,400 employees worldwide, following an internal review of the company’s pay structure. Starting next month, the athletic shoe giant is adjusting pay for 10 percent of its global workforce, across all job levels, Nike spokeswoman Ilana Finley said Monday in a statement. The changes are being made to ensure that Nike ...

Bloomberg US companies and industry groups are returning to Washington this week in an increasingly futile effort to get relief from President Donald Trump’s tariffs on Chinese imports. More than 80 witnesses are scheduled to testify during the two-day hearing on the $16 billion in Chinese goods targeted for 25 percent duties, which could be imposed after a comment period ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has affirmed that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, supports every effort aimed at achieving peace, security and stability across the world. At an official ...

Abu Dhabi / WAM The UAE and Bahrain on Tuesday discussed ways of accelerating knowledge transfer and exchange of expertise between the two countries in areas of scientific research. This came during a meeting between His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Dr Sheikh Abdulla bin Ahmed Al Khalifa, Under-Secretary ...

DUBAI / Emirates Business Dubai Holding and Emaar Properties have announced the launch of Dubai Square, a new retail metropolis that pushes the boundaries of modern retail and leisure in Dubai Creek Harbour by drawing on next-generation technology. Blurring the boundaries of online and in-mall shopping, integrating indoor and outdoor, and delivering a social experience like none other, the all-new ...