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DUBAI / Emirates Business Abu Dhabi Ports inked a new agreement with the China Council for the Promotion of International Trade to explore new commercial opportunities between Chinese companies interested in investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Port Free Trade Zone (KPFTZ), which is considered the largest free trade zone in the region. The Memorandum of ...

DUBAI / Emirates Business During the Global Alliance for Building and Construction (GABC) Assembly, Dubai Land Department (DLD) was awarded membership to assembly’s executive committee along with prestigious international organisations from five other countries. The GABC Assembly was hosted by DLD and inaugurated by  Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, in presence of Sultan ...

Bloomberg Tata Steel Ltd. offered 350 billion rupees ($5.3 billion) to lenders to acquire bankrupt Bhushan Steel Ltd., said a person with knowledge of the matter. Mumbai-based Tata Steel offered an all-cash deal to the creditors, the person said, asking not to be identified because the details aren’t public. The lenders declared the steelmaker’s bid successful, subject to the company ...

Bloomberg Leaders of Apple Inc., Google and other US technology giants were expected to head to China to pursue a familiar goal: To do more business in the world’s most populous nation. The effort has had mixed results, at best, in the past. With a trade war brewing between the world’s two largest economies, the goal has gotten loftier still. ...

Bloomberg European Union leaders demanded a permanent EU exclusion from US President Donald Trump’s metal-import tariffs and kept alive a threat to retaliate, highlighting persistent risks of a trans-Atlantic trade war. Citing national security, Trump imposed duties of 25 percent on steel and 10 percent on aluminum while granting a five-week waiver to the EU, Canada, Mexico, Brazil, Argentina, Australia ...

Bloomberg Embattled Facebook Inc. Chief Executive Officer Mark Zuckerberg has received another call from Congress to testify on the unfolding scandal over reports the company allowed Cambridge Analytica to harvest 50 million users’ data. Senate Commerce Chairman John Thune, the No. 3 Republican in the chamber, and ranking Democrat Bill Nelson issued a joint statement calling on Zuckerberg to testify ...

Bloomberg Dropbox Inc. exceeded its private valuation in its market debut, as shares soared after pricing above their marketed range in the biggest technology initial public offering of the year. Shares closed at $28.48 apiece in New York on March 23, giving the file-sharing company a market valuation of $11.2 billion. They climbed as much as 50 percent above their ...

Bloomberg President Donald Trump is preparing to expel dozens of Russian diplomats from the US in response to the nerve-agent poisoning of a former Russian spy in UK, two people familiar with the matter said on Saturday. Trump agreed with the recommendation of advisers and the expulsions are likely to be announced on Monday, the people said, though they cautioned ...

Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has enacted two new laws that aim to improve and expand the Dubai International Financial Centre (DIFC’s) already successful private wealth management and succession planning platforms. Both the Trust Law and Foundations ...

Abu Dhabi / WAM One of the most highly-anticipated events in the country’s entertainment and community calendar, the Mother of the Nation Festival will open on Thursday, and will run until March 31. Taking place at the Abu Dhabi Corniche, the third edition of the annual event, organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu ...