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Yangon / Bloomberg The European Union’s regulatory arm proposed more oversight of natural-gas contracts with Russia and other external suppliers as a part of a wider plan to boost energy security. The European Commission is also seeking closer regional cooperation among the EU’s 28 nations to prevent supply disruptions, under its winter gas package presented in Brussels on Tuesday. The ...

Yangon / Bloomberg Over 3,000 people have fled their homes in northern Myanmar following clashes between two ethnic rebel groups, the United Nations said Tuesday, raising fears the government’s fragile peace efforts could be fracturing. Heavy fighting in the northern state of Shan broke out last week between the Restoration Council for Shan State (RCSS) and the Ta’ang National Liberation ...

Bloomberg Two years after Russian President Vladimir Putin swiped Crimea, the fallout from his Ukrainian land grab continues to reverberate through nearby budgets. It’s most visible in Lithuania, whose split from the Soviet Union was among the bloodiest of the communist collapse. The government there raised defense spending by more than 30 percent in 2015, outdoing NATO’s 27 other members. ...

Bloomberg The European Union’s eastern members agreed that should a deal with Turkey to stem the flow of refugees into Europe fail, the bloc should have a “plan B” that would seal Greece’s northern borders. Leaders of the Czech Republic, Slovakia, Poland and Hungary, meeting in Prague three days before an EU summit, offered troops, police and other aid to ...

RAS AL KHAIMAH / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has extended his deep condolences to the family of martyr Abdullah Juma Al Shamsi, who fell in the line of duty while participating in the Arab Coalition “Operation Restoring Hope”, led by Saudi Arabia in Yemen. Sheikh Mohammed ...

Sharjah / EMIRATES BUSINESS The regional exhibitions industry on Tuesday took stock of current market conditions, and discussed ways to identify and address major trends and challenges that impact the sector. The leaders of the region’s meetings and exhibitions industry gathered at Expo Centre Sharjah for the first meeting of the Board Members of the International Association of Exhibitions and Events’ ...

PALMA DE MALLORCA / WAM RIU Hotels & Resorts and Dubai master developer Nakheel have formally signed their business partnership agreement. Ali Rashid Lootah, Chairman of one of the Middle East’s biggest developers travelled to Mallorca to sign the joint venture agreement with Luis Riu, CEO of RIU Hotels. Thanks to this partnership, the chain’s first hotel in Dubai will ...

Dubai / EMIRATES BUSINESS Dubai Financial Market (DFM) on Tuesday announced that its UAE listed companies have showed a 98% compliance to disclose their preliminary results for the financial year 2015 within the deadline of 45 days from the end of the year in line with the regulations of the Securities and Commodities Authority (SCA). As much as 47 UAE companies ...

DUBAI / EMIRATES BUSINESS Dubai International Financial Centre (DIFC), the mature global financial gateway connecting businesses and institutions with emerging market opportunities across the Middle East, Africa and South Asia, has announced the launch of new, redesigned version of its website www.difc.ae The revamped website features an eye-catching layout to offer an engaging user experience and enhanced navigation for accessing detailed ...

ABU DHABI / WAM Zayed University is set to host the National Academic Advising Association (NACADA) conference for the first time under the theme, “Aspire, Connect and Empower”, on its Dubai campus from February 22 to 25. The NACADA is an association of professional advisors, counsellors, faculty members, and administrators who are working to enhance the educational development of students and ...