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New York / WAM Dubai Chamber of Commerce and Industry led a delegation of UAE retail leaders to New York to participate in NRF 2019: Retail’s Big Show, the world’s largest retail expo and conference, where the delegates explored the latest trends and technologies reshaping the future of the global retail sector. The delegation was headed by Majid Saif Al ...

Abu Dhabi / Emirates Business The Sustainable Bioenergy Research Consortium (SBRC), a non-profit entity established by Masdar Institute that is part of Khalifa University of Science and Technology, on Wednesday announced the world’s first commercial flight using locally produced sustainable fuel on an Etihad Airways Boeing 787 powered by GE’s GEnx-1B engines. The flight from Abu Dhabi to Amsterdam marked ...

Bloomberg The UK stands at its most dangerous crossroads in decades after Parliament emphatically rejected Theresa May’s Brexit deal and left her facing an uncomfortable vote to oust her government. The humiliating defeat on Tuesday evening, the biggest for any government in modern history, leaves May’s divorce agreement with the European Union all but dead and opposition leader Jeremy Corbyn ...

Bloomberg The US and South Korea are discussing “corresponding measures” to reward North Korea’s steps towards denuclearisation, South Korea’s foreign minister said, as President Donald Trump and Kim Jong-un prepare for a possible second summit. Foreign Minister Kang Kyung-wha told a news conference in Seoul that the allies were reviewing various packages of incentives that Washington could bring to the ...

Bloomberg China is likely developing a long-range bomber capable of delivering nuclear weapons and a space-based early warning system it could use to more quickly respond to an attack, according to a new report from the US Defense Intelligence Agency (DIA). The development of the bomber, when combined with China’s land-based nuclear weapons programme and a deployed submarine with intercontinental ...

Bloomberg The attack on an upmarket hotel complex in Kenya’s capital that claimed at least 14 lives may impact the East African nation’s key tourism industry, which was recovering from a wave of extremist assaults earlier this decade. Al-Qaeda-linked militants in Somalia have claimed responsibility for the terror attack on 14 Riverside in Nairobi, their first significant assault in Kenya ...

Bloomberg Venezuela’s opposition-dominated National Assembly is making a concerted effort to unseat autocratic President Nicolas Maduro, invoking constitutional measures that would seat an acting chief executive and offering blanket amnesty to military and government officials who help in bringing down the regime. In a matter of a week, Venezuela’s beaten down and divided opposition has rallied around a 35-year-old lawmaker, ...

Bloomberg Saudi Arabia’s sovereign wealth fund will develop the bulk of the kingdom’s proposed renewable power projects, turning it into one of the region’s biggest utility investors. The Public Investment Fund (PIF) will be responsible for developing 70 percent of the kingdom’s renewable power capacity, Saudi Energy Minister Khalid Al-Falih said in a speech in Abu Dhabi. The rest will ...

Bloomberg Opec and its allies plan to hold a meeting in March to assess their oil-production accord in Azerbaijan, and then ministers will gather to set policy in April, according to the organisation’s top official. The body that reviews the implementation of Opec’s supply cuts, the Joint Ministerial Monitoring Committee, will convene in the Azeri capital of Baku on March ...

Bloomberg India will not share the limited supply of Iranian crude allowed under a US waiver from sanctions with private refiners, according to people with knowledge of the matter. That is a departure from the earlier practice of splitting exempted volumes. The government has asked four state refiners led by Indian Oil to share the entire 9 million barrels of ...