Sharjah recognises Grade 12 top-achievers

Sharjah / WAM Sharjah Education Council (SEC) recognised the Grade 12 top-achievers at the level of the Emirate of Sharjah for the academic year 2016-2017. A ceremony was held at the Sharjah Cultural Palace to mark the occasion in presence of Ali Al Housani, Secretary General of the SEC, Hessa Al Khaja, Director of Sharjah Educational Zone, educational top executives ...

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MBRSG launches ‘UAE public policy perspectives’ book

Dubai / Emirates Business The Mohammed bin Rashid School of Government (MBRSG), the research and education institution specializing in public policy in the Arab world, has launched its academic book UAE Public Policy Perspectives at a gala dinner at the International Business Academy Conference, held between July 1-5, with the participation of 1,040 researchers and academics representing 76 countries. UAE ...

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Saudi Arabia tightens grip on its biggest Asia oil market

TOKYO / Reuters Saudi Arabia has boosted its market share in Japan, the world’s top oil exporter’s biggest Asian market, by selling more light crude to the country as a way to offset revenue lost implementing OPEC’s production cuts. Middle East crude sellers consider Japan, the world’s fourth-largest oil importer, a premium market since its refiners will pay more to ...

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BlackRock busts $1bn green power goal with second fund

Bloomberg BlackRock Inc. exceeded a $1 billion fundraising target for wind and solar investments for its latest global clean energy fund, underscoring investor interest in renewable energy amid policy uncertainty in key markets. The second Global Renewable Power Fund, or GRP II, managed by BlackRock’s Real Assets closed after it raised $1.6 billion from 67 pension funds, insurance companies and ...

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Crude falls as Russia opposes deeper cuts

Bloomberg Crude oil fell, snapping the longest winning streak this year, as Russia was said to oppose any proposal to deepen OPEC-led production cuts. Futures dropped 1.7 percent in New York, snapping eight straight sessions of gains. Russia wants to continue with the current deal and any further supply curbs would send the wrong message to the market, according to ...

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UK ‘more dependent’ on EU for natural gas

Bloomberg The UK is becoming more dependent than ever on the European Union to look after its natural gas, even as it negotiates its exit from the bloc. Britain is expected to ship a record volume of natural gas from the UK to Belgium through an interconnecting pipeline on Wednesday, capping a year of buoyant flows to the mainland. The ...

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World’s costliest gas clouding China campaign for blue skies

Bloomberg China has promised to make its skies blue again, but having some of the world’s most-expensive natural gas isn’t helping. The biggest energy consumer on earth wants to use more of the cleaner-burning fuel in place of the coal that’s choking its skies and causing pollution far exceeding the World Health Organization’s daily recommended limit. China has the ability ...

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Flipkart, Snapdeal duel over $100 million valuation gap

Bloomberg After Snapdeal’s board rejected a takeover offer from Flipkart Online Services Pvt., the two sides find themselves about $100 million apart as negotiations continue, people familiar with the matter said. Flipkart, India’s largest e-commerce operator, is unlikely to raise its offer above $900 million while Snapdeal is seeking a price of $1 billion, the people said, asking not to ...

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Baidu snags 50-plus partners for its Apollo driverless car

Bloomberg Baidu Inc. has enlisted more than 50 partners for its Apollo driverless project, signing up major players in areas from mapping and ride-sharing to automaking to aid the Chinese search giant’s foray into AI-powered vehicles. The program aims to open up part of Baidu’s autonomous car software in the same way that Google released its Android operating system for ...

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Ghosn boosts Renault stake in China with Brilliance venture

Bloomberg Renault SA has agreed to buy almost half of Brilliance China Automotive Holdings Ltd.’s unprofitable minibus unit, giving the French carmaker’s light-commercial vehicles a foothold in the world’s largest auto market. The companies agreed to invest a combined 1.5 billion yuan ($221 million) in Shenyang Brilliance Jinbei Automobile Co. in proportion to their stakes, Brilliance said in a statement ...

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