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Bloomberg Egypt carried out air strikes against militants across the border in Libya, saying they targeted the group responsible for a deadly attack on Christians earlier on Friday. At least 29 people, some of them children, were killed when gunmen in military fatigues opened fire on a bus carrying members of the Coptic Christian minority in Minya province, about 200 ...

Astana / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Kairat Abdrakhmanov, Minister of Foreign Affairs of the Republic of Kazakhstan, signed a protocol on Tuesday amending the agreement of mutual exemption of pre-visa requirement for holders of diplomatic and special passports to also include holders of ordinary passports. The UAE ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, held talks with visiting President of Serbia, Tomislav Nikolic, on a range of regional and global issues of mutual interest. His Highness Sheikh Mohamed bin Zayed met Nikolic at Al Shati Palace to discuss ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD) continued to deliver an outstanding performance in 2016. Furthermore, the Fund managed 17 development projects valued at AED5.6 billion across seven beneficiary countries, dispensed AED3.9 billion in concessionary loans to support four projects and AED1.7 billion in government grants to finance 13 projects. Headlining a press conference at the ...

Abu Dhabi / Emirates Business The Tourism Development & Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Wednesday the opening of a new sales center at Saadiyat Lagoons district, located at the site of the budding community. The sales center’s convenient location next to New York University Abu Dhabi offers visitors ...

Bloomberg India’s Adani Group could walk away from its $16.5 billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan. The Queensland government’s failure to agree the terms of the royalty regime for the mine may jeopardize the development in the state’s Galilee Basin, Canavan said ...

Bloomberg Sales of diggers at a five year high. The price of rebar, a steel product used to reinforce concrete, back at 2012 levels. Crude steel output surging to a record. China’s economy may be slowing down but the nation’s old economy is still booming. The government’s effort to keep Asia’s biggest economy on track for its 6.5-percent growth target ...

Bloomberg SoftBank Group Corp. has quietly amassed a $4 billion stake in Nvidia Corp. making it the fourth-largest shareholder in the graphics chipmaker, according to people familiar with the situation. The Japanese company, which just closed its Vision Fund, disclosed it owned an unspecified amount of Nvidia stock when it announced $93 billion of commitments to the technology investment fund ...

Bloomberg Chinese consumers may have a lot more cash at their disposal than previously thought — and they’re ready to flash it. That’s the upshot of two items throwing fresh light on the outlook for consumer spending, a key metric in China’s much-vaunted shift from an investment- and export-led economy to one more based on people buying things like holidays, ...

Bloomberg Fiat Chrysler Automobiles NV keeps running into trouble with the same government that arranged its shotgun marriage. With a US Justice Department lawsuit filed alleging violations of clean-air rules, the Italian-American carmaker now will have to defend itself against accusations it’s run afoul of environmental, safety and securities laws in the span of just a few years. The suit ...