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Bloomberg Blackstone Group LP is nearing a first close of $5 billion for its inaugural infrastructure fund, according to people familiar with the matter. The fundraising, expected to be finalised this week, is slightly behind schedule but will mark the biggest initial close for a first-time fund across any alternative investment strategy after SoftBank’s $100 billion Vision Fund and the ...

Bloomberg The Trump administration has collected more than $775 million so far from its metal import tariffs, as lawmakers from both parties blasted the duties and said the process for requests by companies for exclusions must improve. The tariffs President Donald Trump imposed in March have generated $582 million from steel imports and $195 million from aluminum as of last ...

MORONI / WAM Comoros President Azali Assoumani received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, who is currently on an official visit to the country. The meeting was attended by Comoros’s Minister of Foreign Affairs, International Cooperation and the Francophonie, Mohamed El Amine Souef and the country’s Minister of State for Foreign ...

New York / WAM UN Women and the UAE-based non-profit NAMA Women Advancement Establishment (NAMA) signed a Memorandum of Understanding (MoU) in New York, to consolidate their efforts in implementing the UN Women Flagship Programme “Stimulating Equal Opportunities for Women Entrepreneurs” in South Africa, the UAE and the region, with support from UN Women headquarters. To be implemented in a ...

Sharjah / WAM The 2018 Oxford Business Group (OBG), report for Sharjah shows that the emirate’s policy of diversification and its success in attracting foreign direct investment is driving the economy towards new heights. The document, ‘The Report Sharjah 2018’, provides an in-depth analysis of the most prevalent sectors and industries, highlighting the move away from hydrocarbons and towards a ...

Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (ADNEC) has announced its partnership with SEHA as Official Healthcare Provider for the inaugural edition of the Abu Dhabi International Boat Show (ADIBS) 2018, which will be held from October 17-20 at the Abu Dhabi National Exhibition Centre. SEHA will be present at the show with a fully equipped mobile ...

Bloomberg Xiaomi Corp. said it hasn’t set a timeframe to revive an offering of Chinese depository shares, a delay that could hurt China’s ambitions to lure its tech giants to list in the domestic market. The Chinese phonemaker had no dispute with China Securities Regulatory Commission on the proposed listing, Chief Financial Officer Chew Shou Zi said at a briefing ...

Bloomberg Few people consider used plastic to be a valuable global commodity. Yet China has imported 106 million tons of old bags, bottles, wrappers and containers worth $57.6 billion since 1992, the first year it disclosed data. So when the country announced last year that it finally had enough of everybody else’s junk, governments the world over knew they had ...

Bloomberg President Donald Trump defended his immigration policies at an event in Nevada aimed at boosting the prospects of a Republican senator facing a difficult re-election fight, saying that without a tough stance on the border the US would be “overrun.” Trump held a closed-door fundraiser in the Las Vegas area for Senator Dean Heller, and afterward addressed the Nevada ...

Bloomberg The escalating trade battle between the US and the rest of the world is raising the risk of a meaningful slowing in an otherwise vibrant American economy. While the tariffs already in place and set to be implemented will barely dent US growth, economists say the panoply of additional measures being considered would take a perceptible bite out of ...