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Bloomberg The US has told the United Nations agency that aids Palestinians that it will contribute only about half of a $125 million payment to the body, while demanding a “fundamental reexamination” of the social-service agency’s mission and funding before deciding whether to pay the rest. “It is time other countries, some of them quite wealthy, step in and do ...

Sharjah / Emirates Business His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Tuesday unveiled three ground-breaking real estate projects to be developed in Sharjah. Worth a total of AED2.7 billion, the trio of projects are the result of a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Marmoom Reserve project, the first unfenced desert conservation reserve in the country. The reserve spans 10% of the emirate of Dubai’s total area – and will introduce more than 20 environmental, cultural and sports-related initiatives, sponsored by ...

SHABWAH / WAM The Emirates Red Crescent Authority (ERC), signed an agreement on Tuesday to construct and restore lecture halls at the College of Oil and Minerals in the governorate of Shabwah. Signing of the agreement, Mohammed Saif Al Muhairi, Head of the ERC team in Shabwa, said that the construction project is one of a series of infrastructure projects ...

Abu Dhabi / WAM Najeeb Al Ali, Executive Director of the Expo 2020 Dubai Office, has said that some of the participating countries in Expo 2020 Dubai will begin building their pavilions at the start of April 2018, while pointing out that over 180 countries will participate in Expo 2020. He also expects the Expo to receive 25 million visitors, ...

Bloomberg Tencent-backed Chinese startup Kuaishou is seeking to raise funds at about a $17 billion valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1 billion of financing, the people said, asking not to be identified discussing a private deal. The startup’s desired valuation would be almost six ...

Bloomberg India’s proposal to curb drug prices by stripping generic medicines of their brand names has stalled after the plan faced pushback from the country’s pharmaceutical companies, according to people with knowledge of the matter. The Draft Pharmaceutical Policy circulated in 2017 by the Department of Pharmaceuticals has made no progress since opposition emerged from the industry and among some ...

Bloomberg The European Union has stepped up the demands for concessions that the UK must make during the transition period that follows Brexit, pushing back the cut-off date for the acquisition of rights for EU citizens, according to revised draft negotiating directives obtained by Bloomberg. The UK won’t be able to apply new immigration rules to EU citizens arriving during ...

Bloomberg BMW AG is betting an overhauled 5Series sedan and new X2 crossover will boost sales this year as the world’s second-biggest luxury carmaker works on its pledge to retake the global lead from Mercedes-Benz. Those models, plus an updated X3 utility vehicle, should carry BMW to gains in all markets, including the US and China, Chief Financial Officer Nicolas ...

Bloomberg The collapse of Carillion Plc with more than half a billion pounds of unfunded pension commitments may increase pressure on some of the nation’s biggest companies to plug their own funding gaps. The construction and services giant employs almost 20,000 people in Britain and has a pensions shortfall of 587 million pounds ($811 million). The government-backed Pension Protection Fund ...