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Carlyle Group in UAE, seeking Mubadala

Mubadala Investment Company, the Abu Dhabi-based sovereign investor, and global investment firm The Carlyle Group (NASDAQ: CG) today reached completion of the transaction announced on 8 April 2019. Funds affiliated with Carlyle have acquired 37 percent shareholding in Compañía Española de Petróleos, S.A.U,Cepsa, from Mubadala. Mubadala will remain the majority …

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UAE ready for zero-carbon buildings

The UAE is on a firm footing to achieve the commitment to net-zero carbon buildings, backed by its comprehensive approach to green buildings and sustainable development, said Saeed Al Abbar, Chairman of the Emirates Green Building Council, EmiratesGBC, at the Global Alliance for Buildings & Construction panel at the 3rd …

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Wilfires spinning out of control in Lebanon

Wildfires that have swept across Lebanon since Monday have burned swathes of the country’s forest and killed at least one person, prompting Beirut to deploy water cannon and call on its neighbors for help. The cause of the flames, which has spread from woods south of Beirut up to pine …

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Uzbekistan: opened the Congress Hall and Hilton Hotel

Construction of the Congress Hall and Hilton Hotel, the first facilities of Tashkent City International Business Center, has been completed. On October 9, President Shavkat Mirziyoyev got acquainted with them. The Congress Hall with a total area of 43 thousand square meters has all conditions for conducting major international events …

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Sharjah Archaeology Museum showcases prehistorical artifacts from Kuwait

Sharjah Archaeology Museum, part of Sharjah Museums Authority, SMA, has announced that it is hosting a six-month long exhibition that showcases Kuwait’s ancient history. Held in cooperation with the Kuwaiti National Council for Culture, Arts and Letters, KNCCAL, “The Splendid Archaeology of Kuwait” exhibition includes artifacts excavated from different locations …

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NATO chief defends Turkey’s Syria incursion

NATO Secretary General Jens Stoltenberg on Monday defended his stance on Turkey’s military operation against Kurdish militants in northeastern Syria, saying that the military alliance should not lose its unity in the fight against Islamic State. Splits in the military alliance have emerged after NATO member Turkey began its offensive …

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Israeli hate crime against Commonwealh graveyard

Dozens of gravestones at a Commonwealth military cemetery in Israel were desecrated in what the Israeli foreign ministry said on Saturday was a suspected hate crime. The Haifa War Cemetery is the burial site of about 340 Commonwealth soldiers, most of them killed in World War One and some in …

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Russian investors eyeing Saudi Aramco IPO

A number of Russian investors are interested in a planned initial public offering of Saudi Arabian state-owned oil company Saudi Aramco, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF, told reporters on Sunday. Dmitriev, speaking ahead of Russian President Vladimir Putin’s visit to Saudi Arabia, also …

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DP World promoting digital tech in India

Invest India, Kerala Start-Up Mission and Startup Reseau, have teamed up with DP World to harness digital technologies like block chain, artificial intelligence, robotics, simulators and Internet of Things, IoT, to identify logistics-focused technology start-ups in India. The result of their joint efforts, Log-X, a national technology accelerator platform for …

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About time revolutionary guards developed new weapons, Khamenei

Supreme Leader Ayatollah Ali Khamenei told Iran’s elite Revolutionary Guards on Sunday to develop more advanced and modern weapons, the semi-official Tasnim news agency reported, amid rising regional tensions. “The Guards should have advanced and modern weapons … Your weapons should be modern and updated. It should be developed at …

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Pakistan interceding between Iran and Saudi

Pakistan will do its utmost to enable talks between arch regional rivals Iran and Saudi Arabia, Pakistani Prime Minister Imran Khan said on Sunday in Tehran, adding that he will travel to Saudi Arabia on Tuesday. “Pakistan does not want conflict between Iran and Saudi Arabia…I am happy to facilitate …

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Major new gas find in Iran

Iran has discovered a new natural gas field with a 19-trillion-cubic-feet reserve in the southern province of Fars, the Oil Ministry’s website SHANA reported on Sunday. “The new natural gas field is in the southern part of Fars province with 19 tcf gas in place,” SHANA quoted Reza Dehghan, deputy …

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UAE to host 18th session of UNIDO

LI Yong, Director General of the United Nations Industrial Development Organisation, UNIDO, has said that the UAE’s hosting of the 18th session of the organisation’s General Conference in Abu Dhabi on November 2nd was welcomed by the Industrial Development Board. This is in part because the two sides have a …

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Iran prepared to talk to Saudi, says Zarif

Iran is prepared to hold talks with regional rival Saudi Arabia, with or without the help of a mediator, the Iranian Foreign Ministry said on Saturday, ahead of a visit by Pakistani Prime Minister Imran Khan. Asked about reports that Khan, due to arrive in Iran at the weekend, may …

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Islamic State attacks Kurds during Turkish offensive

Turkey intensified its air and artillery strikes in northeast Syria on Friday in an offensive against Kurdish militia that has raised the prospect of a humanitarian disaster and questions about U.S. President Donald Trump’s policy in the region. The Kurds, who recaptured swathes of northeastern Syria from Islamic State with …

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