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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, has exchanged Ramadan greetings with Dr. Ahmad Al Tayyeb, Grand Imam of Al Azhar Al Sharif. In a phone call, he extended greetings and his best wishes for the Grand Imam of Al Azhar ...

HADRAMAUT / WAM Some 20,000 individuals will receive food aid distributions in Yemen’s Hadramaut Governorate, an Emirates Red Crescent representative has revealed. As part of its Iftar campaign, the ERC will distribute food aid to indigent families across remote villages in Hadramaut throughout the Holy Month of Ramadan. Hamid Rashid Al Shamsi, ERC representative in Hadramaut, said that the campaign ...

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), has delivered a lecture at the Emirates Diplomatic Academy (EDA), in Abu Dhabi, to highlight the Fund’s role in promoting socio-economic development in developing countries. The session also focused on ADFD’s own contribution to achieving the UN’s Sustainable Development Goals (SDGs). Delivered by Fatima Al Balooshi, Media Advisor at ADFD, the ...

Sharjah / WAM More than 100 chairpersons and members of business councils as well as foreign investors interested in setting up businesses at the Sharjah International Airport Free Zone (Saif Zone), met to discuss the zone’s high-end services and incentives. The meeting was organised by Saif Zone and attended by representatives of multinational companies including Marian Carella, Chairman of Philippine Business ...

Bloomberg President Donald Trump said that the US will boost its purchases of domestic farm products for humanitarian aid in an effort to offset lost demand from China as trade tensions flare between the nations. Trump said on Twitter that the US will use its money from the tariffs to buy American agricultural products “in larger amounts than China ever ...

Bloomberg Foxconn Technology Group Chairman Terry Gou said he won’t continue to lead the company’s board once a new lineup is elected at an annual shareholders’ meeting next month. “I am sure, 100%,” Gou said , referring to his determination to leave the role at Hon Hai Precision Industry Co, as the company is also known. “I am no longer ...

Bloomberg For a masterclass in the upside potential of pharma M&A, look no further than Takeda Pharmaceutical Co.s sale of an eye drug to Novartis AG. By one measure, the deal represents a 2,025% return. Shire Plc, which Takeda bought in January, obtained the assets through a 2013 acquisition. It paid $160 million upfront to gain the late-stage experimental drug, ...

Bloomberg US prosecutors in a high-profile case against Huawei Technologies are seeking to disqualify the company’s lead lawyer, saying he has a conflict of interest stemming from his former role as second-in-command at the Justice Department. James M Cole should be excluded from the Chinese smart-phone maker’s defense team because he had access to classified investigations that appear to be ...

Bloomberg Prices are set to rise for another decade in the world’s least affordable property market, Hong Kong, according to UBS Group AG. Inflows of residents will be key as the Greater Bay Area project integrates a group of mainland Chinese cities with Hong Kong, property analyst John Lam wrote in a research report. The extra buyers will be “more ...

Bloomberg China’s BAIC Group is looking to buy a stake of up to 5% in Daimler AG to cement its investment in Beijing Benz Automotive, Reuters reported, citing three unidentified people familiar with the matter. BAIC told Daimler that it was planning to buy a 4%-5% stake earlier this year, and asked local authorities in Beijing to support the purchase, ...