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Abu Dhabi / WAM The world’s largest reserve of high quality desalinated water, recently announced below the Liwa Desert, is a significant milestone towards ensuring sustainable water security in the emirate of Abu Dhabi, H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, said. “The directives given by President His Highness Sheikh Khalifa bin Zayed ...

DUBAI / Emirates Business Al Ahli Holding Group (AAHG), the multi-diversified international conglomerate, unveiled the first edition of Women for Business, a multicultural CSR program designed by AAHG, in partnership with Union National Bank and La Rochelle Education Group, France to promote Emirati women entrepreneurs. The program commemorates the Year of Zayed initiative honouring the UAE founding father’s vision, achievements ...

Sharjah/ WAM The Sharjah Museums Authority signed a partnership agreement with the Barjeel Art Foundation to present a collection of works of fine art created by contemporary Arab artists from the Barjeel Art Foundation’s collection, over the next five years. The agreement was signed by Sheikh Sultan Saud Al Qasimi, founder and owner of the Barjeel Art Foundation, and Manal ...

Bloomberg Just as the US throws up new barriers to cross-border commerce, its largest trading partner China is redoubling its efforts to seal free-trade agreements. From deals with blocs including the Association of Southeast Asian Nations to bilaterals with tiny countries like the Maldives, China’s FTAs already cover 21 countries. That compares with the 20 countries covered by US agreements. ...

Bloomberg One of China’s top smartphone makers is targeting Japan for its next conquest. Oppo, which vanquished Apple Inc. and Xiaomi Corp. in just a few years to become No. 2 in its home market, will introduce its flagship R11s model next month, Deng Yuchen, chief of Japan operations, said. Oppo is aiming to reach a market position that matches ...

Bloomberg A Taliban suicide bomber detonated explosives in downtown Kabul on Saturday, killing at least 95 people and wounding 158 others in the worst attack since a truck bombing near the Afghan capital’s diplomatic zone last year. The bomber used an explosive-laden ambulance and reached the gate of the former Interior Ministry building, Nasrat Rahimi, a deputy spokesman for the ...

Bloomberg Google’s top executive said the search giant would welcome higher taxes. Uber Technologies Inc.’s new CEO said it must be more accommodating with regulators. Salesforce.com Inc.’s veteran leader Marc Benioff said Silicon Valley has been arrogant and compared Facebook to the tobacco industry. At the World Economic Forum in Davos this week, technology executives struck a conciliatory note in ...

Bloomberg Uber Technologies Inc., whose losses have piled up in the quest for growth around the world, will be profitable in three years as its ride-hailing business matures and the company reaps the rewards from investments in areas such as autonomous vehicles, said Chief Executive Officer Dara Khosrowshahi. Bending the company’s financial trajectory out of the red would be a ...

Bloomberg Ford Motor Co. has stepped onto the scale and found it’s out of shape. The automaker signalled it’s even more resolute in the diet prescribed by its new CEO after reporting another underwhelming profit. Ford hasn’t coped well with rising costs because of bloat within its product lineup and engineering budget. Ford “should still be performing at a higher ...

Abu Dhabi / WAM ADNOC Distribution announced plans to open at least 13 new service stations this year including, for the first time, sites in Dubai and Saudi Arabia. Three new service stations are planned for strategic locations across the Emirate of Dubai, nine new stations will open in the Emirates of Abu Dhabi, Ajman and Fujairah and at least ...