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Geneva / WAM Obaid Salem Al Zaabi, the UAE permanent representative to the UN and other international organisations in Geneva, delivered a speech on behalf of the Arab Group at the 38th session of the United Nations Human Rights Council (UNHRC). The UAE currently chairs the “Council of the Heads of Arab Missions” in Geneva, under item 10 of the ...

Bloomberg Reliance Industries Ltd., India’s second-largest company by market value, has been on a shopping spree this past year, with a focus on expanding the draw of its consumer offerings. Helmed by India’s richest man Mukesh Ambani, the company has struck at least 12 deals over 12 months with an estimated tab of about 289 billion rupees ($4.2 billion), according ...

Bloomberg Another day. Another IPO. Another Chinese billionaire magically appears. Mu Rongjun, the co-founder of food-delivery behemoth Meituan Dianping, is poised to be the latest to join the club as the company announced plans to go public last month. Of the 27 billionaires to surface in Asia this year, about a third did so through initial public offerings in Hong ...

Bloomberg President Donald Trump threatened to impose tariffs on every single Chinese import into America as the world’s two largest economies exchanged the first blows in a trade war that isn’t set to end anytime soon. After months of rhetoric, a 25% levy on $34 billion of Chinese goods entering the US took effect just after midnight Washington time with ...

Bloomberg Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett as Facebook shares climbed 2.4%, according to the Bloomberg Billionaires Index. It’s the first time that the three ...

Bloomberg US hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market has room to keep expanding. Nonfarm payrolls climbed 213,000 after an upwardly revised 244,000 advance, Labor Department figures showed. The median estimate of analysts surveyed by Bloomberg called for a gain of 195,000 jobs. Average hourly earnings ...

Bloomberg US Secretary of State Mike Pompeo left Pyongyang without immediately announcing any breakthroughs in efforts to implement North Korean leader Kim Jong-un’s agreement with President Donald Trump. Pompeo held two days of meetings with senior North Korean officials led by top Kim aide, Kim Yong Chol, on concerns ranging from the regime’s nuclear arsenal to US security guarantees. It ...

CAIRO / WAM The Arab League has honoured Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum with the ‘Arab League Shield for Leadership in Arab Development’ in recognition of his contributions to the development of the Arab world, and his innovative vision for empowering Arab communities, spreading knowledge, ...

Astana / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Nursultan Nazarbayev, President of Kazakhstan, discussed the friendship and cooperation between the UAE and Kazakhstan and the means of developing them in various areas, as well as several regional and international issues of mutual ...

Abu Dhabi / WAM startAD, the innovation and entrepreneurship platform anchored at NYU Abu Dhabi, has partnered with Khalifa Fund for Enterprise Development for the first time to present an updated version of Ibtikari (My Innovation). The fourth edition of Ibtikari will be an intensive six-month incubator aimed at helping UAE nationals advance their technology startups. Scheduled to take place ...