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ABU DHABI / WAM The 4th session of the UAE-Spain Joint Economic Committee was held in Dubai, chaired by Sultan bin Saeed Al Mansouri, Minister of Economy, and by Luis de Guindos Jurado, Spain’s Minister of Economy, Industry and Competitiveness. The meeting touched on important economic and development issues in both countries. The ministers also reviewed the latest developments and ...

Dubai / WAM DP World Limited has reported that it handled 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2017. Gross container volumes grew by 10.0 percent year-on-year on a reported basis and 9.6 percent on a like-for-like basis, with the third quarter growth rates accelerating to 13.5 percent ...

Bloomberg Infosys Ltd. slashed its annual revenue forecast, as the Indian software outsourcing giant deals with the aftermath of a boardroom coup that forced out its top executive. The software exporter is now forecasting 6.5 percent to 7.5 percent growth in revenue in the year ending March in US dollar terms, versus the 7.6 percent rise analysts were anticipating. That ...

Bloomberg Singapore is experiencing a surge in venture capital fundraising, reflecting growing interest in Southeast Asia’s startups. This month, Vertex Ventures and two other venture-capital firms completed fundraising efforts in the city, each with their largest fund yet. In September, East Ventures, which made early bets on successful startups like Tokopedia and Traveloka, raised $30 million that will go toward ...

­­­­­­­­­­­Bloomberg Facebook Inc. could be in the firing line of data privacy regulators across the European Union if the bloc’s top court follows the opinion of an adviser who said the social media giant may be policed by authorities in the country where users are based. Yves Bot, an advocate general of the EU Court of Justice, said that national ...

Bloomberg Volkswagen AG and Daimler AG were inspected by European Union antitrust investigators as the EU stepped up a probe into allegations the German car industry colluded on technology for decades. Just days after raiding BMW AG, EU antitrust officials visited Volkswagen’s Wolfsburg headquarters and its Audi unit’s offices in Ingoldstadt “as part of an announced review,” VW said in ...

Bloomberg California’s battle against climate change is being fought more fiercely in fast food restaurants than in Tesla Inc.’s car factory in Fremont. Seven years after the Golden State began offering credits to producers of low-carbon fuels, cities and companies across California are using diesel brewed from fats and oils to fuel everything from fire trucks to United Parcel Service ...

Bloomberg The US is considering new sanctions on Myanmar after nearly a million Rohingya Muslims fled the Southeast Asian nation’s Rakhine state to neighbouring Bangladesh. In a statement, US State Department spokeswoman Heat-her Nauert said that since August 25, the US had ceased cons-ideration of JADE Act travel waivers for current and former Myanmar military leaders, and was assessing further ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, attended the signing of 12 Memorandums of Understanding (MoUs) between Area 2071 and various local and international partners. Area 2071 seeks to find innovative solutions to current and future development challenges faced in a number of sectors. This ...

DUBAI / WAM The Water, Energy, Technology, and Environment Exhibition (WETEX 2017) was opened on Monday by HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of Dubai Electricity and Water Authority (DEWA). Themed ‘At the Forefront of Sustainability,’ WETEX is organised by DEWA on October 23–25 at the Dubai International Convention ...