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ABU DHABI / WAM The Ministry of State for Federal National Council Affairs (MFNCA), held its regular coordination meeting with the FNC’s General Secretariat to discuss several joint projects and future plans that seek to promote political participation among the members of the community. The meeting was attended by the Secretary-General of the FNC, Ahmed Shabib Al Dhaheri, and Dr ...

Bloomberg US and North Korean officials met on Sunday to discuss the return of remains of American soldiers killed almost seven decades ago during the Korean War, with the talks offering a chance to ease tensions between the two sides as they argue over disarmament issues. The meeting began around 10 am Seoul time at the border village of Panmunjom, ...

Bloomberg Fortis Healthcare Ltd.’s board of directors chose IHH Healthcare Bhd. to take control of India’s second-largest hospital chain, ending a months-long takeover battle as the company wrestles with investigations over financial irregularities. Malaysia-based IHH’s offer would see $583 million invested directly in the company through a preferential allotment of shares at 170 rupees a share, according to a statement ...

Bloomberg MCH Group AG, the owner of Art Basel, is launching a new art fair in Singapore starting next year to take advantage of the growing wealth in Asia, which is minting millionaires faster than any other region in the world. The new expo, called ART SG, will hold its inaugural event in November 2019 with about 80 galleries from ...

Bloomberg Secretary of State Michael Pompeo and Treasury Secretary Steven Mnuchin rejected a request from European leaders for broad-based waivers from sanctions the US will reimpose on countries that do business with Iran after the President Donald Trump backed out of the 2015 nuclear accord. In a letter whose contents were described to Bloomberg News, Pompeo and Mnuchin told the ...

Bloomberg Google’s latest European Union (EU) woes could mean opportunity knocks for app developers stymied by contracts that pre-install the US giant’s own services on Android phones and tablets, according to analysts and companies. The Alphabet Inc. unit is expected to face an antitrust fine over Android in the coming days that could top last year’s record 2.4 billion-euro ($2.8 ...

Bloomberg American Tire Distributors (ATD) Inc., seeking to bolster itself after two of the biggest brand names pulled their business, said other suppliers will fill the gap and that it’s already posted sales gains in the first half of this year. ATD, North America’s largest tire distributor, had “strong success” in converting to other suppliers and has a “robust pipeline ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have welcomed the milestone visit of President Xi Jinping of China, at the head of ...

Cairo / Emirates Business Emirates unveiled its 42nd dedicated lounge across its global network at Cairo International Airport (CAI). The lounge is now open to Emirates First Class and Business Class customers as well as Platinum and Gold members of Skywards, the airline’s loyalty programme. Reflecting the airline’s ongoing commitment to Egypt, the Emirates Lounge in Cairo represents a $ ...

Abu Dhabi / WAM The UAE is undisputedly the most important stop on China’s 21st Century Maritime Silk Road Initiative, thanks to its world-class infrastructure and the top rankings in the world’s quality indices. The Industrial and Commercial Bank of China, one of the largest financial establishments in the world with estimated assets of $2.3 trillion, has already set its ...