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  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, welcomed separately Horacio Cartes, President of Paraguay, Filip Vujanovic, President of Montenegro, and Luis Guillermo Solis, President of Costa Rica, at his palace in Zabeel on Tuesday. His Highness Sheikh Mohammed bin Rashid, along with HH Sheikh Hamdan bin Mohammed ...

  Istanbul / AP Turkish police captured the gunman who carried out the deadly New Year’s nightclub attack in Istanbul, with officials saying on Tuesday that he’s an Uzbekistan national who trained in Afghanistan and confessed to the massacre. The man was being questioned by police, Prime Minister Binali Yildirim told reporters in Ankara. Yildirim expressed hope that the interrogation would ...

  Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology (MIST), an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, and the Korea University on Tuesday signed a research collaboration agreement to develop energy-efficient desalination technologies. The research project aims to confirm the viability of large-scale production of desalinated water from a plant fully ...

  Bloomberg A self-imposed cash shortage in India is creating chaos for jewellery retailers in one of the world’s biggest gold-buying countries. Sales are plunging. Just ask Renita Ferreira. While her February 24 marriage ceremony has been set for a year, she and her fiance haven’t bought wedding rings, even after many trips to stores in Panaji, the capital of ...

  Bloomberg India’s Tata Group, seeking to cement control over a sprawling $100 billion business empire, is exploring ways to boost its stakes in key listed companies including the maker of Jaguar luxury cars, people with knowledge of the matter said. Tata Sons Ltd., the group holding company, plans to raise its ownership over time in five of its largest ...

  Bloomberg Chinese President Xi Jinping cautioned against protectionism as he pushed back against criticism of globalization by Donald Trump and other Western populists. “Protectionism is like locking yourself in a dark room, which would seem to escape wind and rain, but also block out the sunshine,” Xi told the World Economic Forum on Tuesday, the first Chinese head of ...

  Bloomberg China’s top underwriter of green bonds said the government may accelerate approvals in 2017 as the nation battles a toxic wave of smog. Guotai Junan Securities Co. said the government should boost incentives for notes with proceeds earmarked for environmental projects, after a People’s Bank of China researcher said it may recommend tax breaks for investors. Chinese firms ...

  PARIS / AP I am, therefore I’m paid. The radical notion that governments should hand out free money to everyone — rich and poor, those who work and those who don’t — is slowly but surely gaining ground in Europe. Yes, you read that right: a guaranteed monthly living allowance, no strings attached. In France, two of the seven ...

  Bloomberg General Motors Co. is set to announce a $1 billion US investment plan, joining Hyundai Motor Co. and Kia Motors Corp. among the latest automakers to outline their spending amid pressure from President-elect Donald Trump to create jobs. The largest US automaker plans to say on Tuesday it will invest in US plants over several years, and expects ...

  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, presented the Zayed Future Energy Prize to nine winners during the 2017 awards ceremony in Abu Dhabi on Monday, in the presence of six heads of state. Nine pioneers in renewable energy and sustainability ...