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Abu Dhabi / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the Abu Dhabi Future Energy Company, Masdar, welcomed Their Highnesses the Sheikhs, presidents, ministers and guests of the World Future Energy Summit, as part of Abu Dhabi Sustainability Week 2018, while praising the vision of the wise leadership and its support for the ...

Bloomberg Xiaomi Corp. selected Morgan Stanley and Goldman Sachs Group Inc. among international banks for its planned initial public offering, a person with direct knowledge of the matter said. Credit Suisse Group AG and Deutsche Bank AG have also been chosen to work on the IPO that could see the company target a valuation of as much as $100 billion, ...

Bloomberg China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned cryptocurrency exchanges in 2017, they’ve recently noted an uptick in activity on alternative venues. The government plans to block domestic access to homegrown and offshore platforms that enable centralised trading, the ...

Bloomberg Carillion Plc, a UK construction company with government contracts in everything from hospitals to the HS2 high-speed rail project, filed for compulsory liquidation after failing in a last-ditch effort to shore up finances and get a government bailout. The company employs 43,000 people worldwide, almost 20,000 of them in the UK, and has as much as $2.1 billion in ...

Bloomberg Europe’s growth resurgence is showing little sign of losing steam yet and economists have taken notice. In Bloomberg’s monthly survey, the first of the year, respondents bumped up their 2018 outlook to 2.2 percent, close to the decade-high 2.4 percent pace estimated for 2017. The optimism is in contrast to the muted view at the start of 2017. Economists ...

Bloomberg In the first revamp of the G-Class since the rugged sport utility vehicle’s introduction nearly four decades ago, Mercedes-Benz took the approach that if it ain’t broke, don’t fix it. There’s a special “G” mode for offroad driving and a large flat screen. But aside from such flourishes, the styling is still dominated by flat steel surfaces and a ...

Bloomberg Palestinians will “slap back” for the humiliation they’ve suffered from the Trump administration and seek to replace the US with other international players in future peace negotiations with Israel, Palestinian Authority President Mahmoud Abbas said. Opening a conference of the Palestine Liberation Organization’s Central Committee in Ramallah, Abbas criticized US President Donald Trump for recognising Jerusalem as Israel’s capital ...

Dubai / Emirates Business The UNLOCK Blockchain Forum which commenced on Sunday at the Ritz Carlton Hotel DIFC has proven once again that Dubai is a vanguard when it comes to attracting innovative experts, blockchain start-ups, and forward looking attendees. Al-Iktissad-Wal-Aamal, the organizers of UNLOCK Blockchain forum were not surprised to receive more than 60 blockchain start-ups from more than ...

Dubai / WAM The Business Registration and Licencing (BRL), sector in Dubai Economy witnessed 288,878 transactions, including 19,877 new licences, during 2017, showing the activity recorded on ‘Business Map’ digital platform. The ‘Business Map’ tracks BRL activity and seeks to reflect economic realities in Dubai by providing vital data on each category of licences including their numbers and category-wise distribution ...

Bloomberg Tesla Inc. helped electric vehicles gain a mainstream foothold in the US by starting with luxury cars and then moving down-market. India’s nascent transition to EVs is heading in the opposite direction. Many consumers will get their first taste of electric vehicles from public-transit systems and corporate fleets in India, where car ownership per 1,000 citizens is just 20, ...