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Dubai / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has visited the 2019 World Government Summit hosted in Dubai. The three-day forum has seen the participation of over 4,000 heads of state, government, ministers, officials, and experts representing some 140 countries. During the visit, ...

Dubai / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announced that the World Bank will be establishing its office in ADGM on Al Maryah Island. The signing of an agreement to set up the office was witnessed by Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, Merza Hussain Hasan, Executive Director ...

Abu Dhabi / WAM A new edition of the book ‘With United Strength: Sheikh Zayed bin Sultan Al Nahyan: The Leader and the Nation’ has been published in German. The new publication is an important part of the work of the Emirates Centre for Strategic Studies and Research, ECSSR, in preserving the history and experiences of the late Sheikh Zayed ...

Dubai / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, has called for the world’s nations to recognise the importance and power of culture as an engine of economic development, diplomacy and as a tool to bring renewed hope to people’s lives. Speaking at a plenary session on the final day of the seventh World Government ...

DUBAI / WAM A new study on how post-conflict trade opportunities can be developed by emerging countries was published on the concluding day of the World Government Summit in Dubai. ‘Post-Conflict Trade: Case studies and lessons for Ethiopia and Eritrea’ was launched by the Economist Intelligence Unit after being commissioned to conduct the research by DP World. Identifying sensible opportunities ...

Bloomberg The Trump administration said the US president still wants to meet China’s Xi Jinping in an effort to end the trade war, a sign of optimism as negotiators from the world’s two-biggest economies start their latest round of talks this week. “He wants to meet with President Xi very soon,” White House adviser Kellyanne Conway said on Fox News. ...

Bloomberg Nissan Motor Co. took an $83 million charge related to the compensation of former Chairman Carlos Ghosn as the Japanese automaker reeling from the shock arrest of the iconic executive warned of its lowest profit in six years. Operating profit will be 450 billion yen ($4.1 billion) this fiscal year, Nissan said on Tuesday. That’s down from Nissan’s previous ...

Bloomberg Malaysia is taking steps to rid its new financial district of the 1MDB taint. The Exchange TRX precinct has brought in fresh funds of $527 million in what Finance Minister Lim Guan Eng said is a sign of faith in the country’s ability to put the past behind. Kuala Lumpur is also set to see its iconic Petronas Twin ...

Bloomberg Sony Corp. promoted a marketing executive to become the new chief of its PlayStation business, the second management shuffle in less than two years at one of the company’s most important divisions. Jim Ryan will take over as president of Sony Interactive Entertainment effective April 1 after previously leading the division’s sales and marketing teams, the Tokyo-based company said ...

Bloomberg Tea exports from India, the world’s second-biggest producer, may shrivel this year as a bumper crop in Kenya raises the risk of oversupply. Shipments could drop by 8 million to 10 million kilograms in the year through March from a record of 256.57 million in 2017-18 as Kenya’s output is likely to rise by as much as 60 million ...