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Bloomberg As losses from an erupting volcano in Bali nears $1 billion, Indonesian President Joko Widodo and his deputy were expected to visit the island to show the world that it’s a safe destination for Christmas and new year holidaymakers. Widodo, also known as Jokowi, visited Bali and chaired a meeting of his cabinet, the president’s office said in a ...

Bloomberg Singapore is embracing technology and focussing more on personal health, as an expected doubling of seniors over the next two decades forces the nation to confront politically sensitive decisions on financing and immigration. While Singapore’s aging population is something to celebrate in reflecting longevity, it’s also forcing the city to become more nimble in how it approaches the challenges, ...

Bloomberg North Korea rejected tighter United Nations sanctions aimed at curbing its nuclear expansion, describing the move as an “act of war” and vowing to avenge US sympathisers who approved it. The US “must abandon its hostile policy” towards North Korea, “learn to co-exist” and “wake up from its pipe-dream of our country giving up nuclear weapons,” the Korean Central ...

Sharjah / WAM The Hamriyah Free Zone Authority (HFZA), signed a strategic partnership agreement with Gulf Publishing Company (GPC), the world’s largest independent media company devoted exclusively to the global energy industry for more than 100 years with a readership of over 100,000. World Oil, Hydrocarbon Processing, Pipeline & Gas Journal, Petroleum Economist and Gas Processing are the major publications ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), said that Dubai is not only taking the lead in shaping the future, but its accomplishments in this domain are also enabling it to export its ...

ABU DHABI / WAM The patients in the UAE with chronic diseases such as cancer that require long-term treatment will heave a sigh of relief as the Ministry of Health and Prevention (MOHAP), announced a reduction in the prices of a number of medicines. The decision which has been taken in co-operation with the international pharmaceutical company, Sanofi Aventis, is ...

DUBAI / Emirates Business Emirates Gas, a subsidiary of ENOC Group, will commence the installation, supply and distribution of composite LPG cylinders within Al Khail Gate’s residential community. The project is part of an agreement between Emirates Gas and Dubai Properties (DP) signed earlier this year to supply residents with safer cooking gas cylinders. His Excellency Saif Humaid Al Falasi, ...

Bloomberg President Donald Trump has signed a tax overhaul and companies are rejoicing. But the most immediate effect of the new law could be a one-time accounting headache. Hours after the bill signing, announcements started to roll in from some of the world’s biggest companies— with some spectacular numbers. While the bill benefits most companies through a lower rate, it ...

Bloomberg Daimler AG bought a majority stake in French private-hire limousine operator Chauffeur Prive, accelerating the luxury-car maker’s expansion into ride-hailing turf occupied by firms such as Uber Technologies Inc. The German maker of Mercedes and Smart automobiles plans to acquire full control of Chauffeur Prive in 2019 once it gets regulatory clearances, Stuttgart-based Daimler said. The parties wouldn’t disclose ...

Bloomberg All over Europe, companies are wishing their workers a happy holiday and looking forward to a productive New Year when they return to work in 2018. In Brexit Britain, there’s a catch. Businesses that rely on EU countries for labour are concerned that employees will return to their families in continental Europe for Christmas—and stay there. The pound’s decline ...