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DUBAI / WAM To support the transition of the automotive industry towards green mobility and the recent initiatives taking places in the UAE, the New Energy Vehicles Club has been created under the umbrella of the Clean Energy Business Council (CEBC) at the initiative of ENGIE, an energy company, charging station manufacturer and board member of the CEBC. The creation ...

Bloomberg At a glass-wrapped industrial estate in London north of the River Thames, Brexit is giving global broadcasters a headache. From a screen-packed, server-filled studio, Discovery Communications Inc.—home of channels including Animal Planet and Eurosport—transmits more than 120 TV feeds into Europe. Across the road, Walt Disney Co. licenses foreign language versions of its popular kids channels beamed to the ...

Bloomberg As Toyota Motor Corp. and Mazda Motor Corp. begin to scour the US for where to put the first auto assembly plant announced under US President Donald Trump, one state looks like a frontrunner: Mississippi. The Magnolia State already is home to a Corolla factory that’s been producing the compact car for almost six years. Toyota and Mazda plan ...

Bloomberg Chinese acquirers will spend $1.5 trillion buying companies and investing overseas in the next decade, 70 percent more than the previous 10 years, even as regulators at home and abroad block deals, Linklaters LLP said in a report on Tuesday. Government policies encouraging Chinese companies to invest in manufacturing capabilities, particularly for advanced technology, and international trade will help ...

Bloomberg The controversial H-1B visa programme, widely criticised for costing American workers their jobs, has actually provided economic benefits for both the US and India, according to a new study from researchers at the Center for Global Development and the University of Michigan. The combined incomes for the two countries as a result of the US visa programme rose by ...

Bloomberg TNG FinTech Group Inc., a Hong Kong-based digital wallet operator founded in 2013, is poised to close a funding round and is targeting a valuation of about $500 million, according to a person familiar with the matter. The firm has attracted almost $60 million in the series. A round from investors including a Beijing-based private equity fund, said the ...

Bloomberg South African President Jacob Zuma survived a no-confidence motion in parliament, ensu- ring that he’ll maintain his grip on power until at least the end of the year. The motion was defeated by 198 votes to 177, Baleka Mbete, the speaker of the National Assembly, announced at a sitting in Cape Town. Nine of the 384 lawmakers present in ...

DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, visited the Expo 2020 Dubai Site Office and said he was encouraged by the developments on site. During the visit, His Highness was accompanied by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of ...

ABU DHABI / WAM Foreign investors’ purchases in July 2017 reached AED1.391 billion at Abu Dhabi Securities Exchange (ADX) accounting for 42.5 percent of total buy trades, whereas their sales stood at AED1.365 billion, comprising 41.7 percent of total sell trades, bringing to AED26 million the net foreign investments in July, with net institutional investments in the same month amounting ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Responsible Finance and Investment Foundation (RFI) have announced the setting up of a partnership to bolster the growth and sustainability of the FinTech ecosystem through financial inclusion and ethical and responsible finance practices. The collaboration agreement was signed by Blake Goud, Chief ...