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NEW YORK / WAM “Diplomacy will always be key to solving the region’s crises, so we must renew our efforts to see it strengthened,” said Lana Nusseibeh, Ambassador and Permanent Representative of the UAE to the United Nations, at a critical UN Security Council debate on the situation in the Middle East and North Africa chaired by the Deputy Foreign ...

Dubai / Emirates Business Emirates Flight Catering (EKFC) and Crop One will co-invest $40 million to build the world’s largest vertical farming facility near Al Maktoum International Airport at Dubai World Central. The project is a joint venture (JV) with US-based Crop One Holdings, the world’s leading vertical farm operator. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and ...

Bloomberg Private equity firms are setting their sights on French payments processor Ingenico Group SA as they scout the market for their next target among Europe’s hottest fintechs, according to people with knowledge of the matter. The Paris-based company, with a market value of about 4.73 billion euros ($5.5 billion), is drawing preliminary interest from several buyout firms, some of ...

Bloomberg France’s Eutelsat Communications SA said it won’t make a takeover offer for Inmarsat Plc, a sudden reversal that strengthens EchoStar Corp.’s hand in its pursuit of the British satellite operator. Eutelsat had said it might bid for Inmarsat, confirming a report by Bloomberg News. The change of heart means that, under UK takeover rules, the Paris-based company now can’t ...

Bloomberg Prime Minister Theresa May’s chaos-stricken UK government risks slowly suffocating investments for car manufacturers desperate for clarity post-Brexit from a party that calls itself pro-business. That’s the stark assessment of Mike Hawes, chief executive officer of the Society of Motor Manufacturers and Traders, who took a jab at May’s widely-debunked promise that there will be extra money to spend ...

Bloomberg Special Counsel Robert Mueller is preparing to accelerate his probe into possible collusion between Donald Trump’s presidential campaign and Russians who sought to interfere in the 2016 election, according to a person familiar with the matter. Mueller and his team of prosecutors and investigators have an eye toward producing conclusions — and possible indictments — related to collusion by ...

New Delhi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Narendra Modi, India’s Prime Minister, have expressed support for the on-going strategic dialogue, aimed at expanding energy partnerships between the two countries. This came during a meeting here on Monday between the two sides following a joint workshop organised by ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), on Monday launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM. The move follows the successful completion of a public consultation on the introduction of a robust crypto asset regulatory framework by ADGM Financial Services Regulatory Authority (FSRA), on May ...

Bloomberg European leaders put on a brave face over their persisting differences on how to handle migration flows, even as the lack of tangible progress could further escalate a crisis that threatens to unravel the bloc’s passport-free travel area and create a rift in Germany’s governing coalition. “There was a lot of goodwill today and, next to a few differences, ...

Dubai / Emirates Business Dubai World Trade Centre (DWTC) announced up to 70 percent reduction on licensing and incorporation fees within the DWTC Authority (DWTCA), a free zone offering offshore licenses for businesses, and One Central, the world-class lifestyle development at the heart of Dubai’s Central Business District, to spur business and benefit multi-sector growth. DWTC’s programme will provide highly ...