Fiat Chrysler, Peugeot in merger talks to create $50 bn firm

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(Washington) - US-Italian auto giant Fiat Chrysler and France´s Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP. Carlos Tavares, the chief executive of Peugeot´s…

GCC Commercial Cooperation Committee meeting held

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(Riyadh) - A delegation from the Ministry of Economy representing the UAE participated in the 49th GCC Under-Secretaries Committee of Commerce and Industry, which took place at the headquarters of the council’s General Secretariat in the…

Winners of 'Egypt Govt Excellence Award' announced in partnership with UAE

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(Cairo) - A UAE delegation attended a ceremony in Cairo marking the announcement of Egypt Government Excellence Award under the auspices of the Egyptian President Abdel Fattah El-Sisi. Mohammad bin Abdullah Al Gergawi, Minister of Cabinet…

Fourth Meeting of the Global Future Councils held

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(Dubai) - H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, attended the opening session of the Fourth Meeting of the Global Future Councils hosted by the UAE government in collaboration with the World Economic…

Hyundai to test self-driving car service in California

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(San Francisco) - Hyundai announced that it will begin testing a self-driving ride service in Southern California next month. The South Korean automaker said that it collaborated with technology group Pony.ai and rideshare firm Via for an…

First woman named as Belgian prime minister

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(BrusselsBelgian Budget Minister Sophie Wilmes has been chosen as the country´s new caretaker prime minister, a first for a woman, the current premier Charles Michel said. The 44-year-old still has to be sworn in by King Philippe, who is…

Evacuations as wildfire breaks out in Los Angeles

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(Los Angeles) - More than 1,000 firefighters battled a wind-driven blaze that broke near the renowned Getty Center in Los Angeles, prompting widespread evacuations as the flames destroyed several homes and forced the shutdown of schools and…

Pound firms after EU grants Brexit extension

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The pound firmed versus the dollar after the European Union granted an extension to Brexit until the end of January while but London stocks were broadly flat. Around 1330 GMT, sterling had edged higher at $1.2844 compared with late deals…

Fernandez wins Argentine election in first round

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(Buenos Aires) - Peronist candidate Alberto Fernandez won Argentina´s presidential election in the first round, official results showed, with 75 percent of the votes counted. Fernandez, 60, had 47.36 percent of the votes -- crossing the…

SEWA, Dutch delegation explore cooperation in hydrogen energy

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(Sharjah) - Dr. Eng. Rashid Al Leem, Chairman of the Sharjah Electricity and Water Authority, SEWA, affirmed that SEWA is implementing a comprehensive plan to reduce carbon emissions in electricity production and water desalination, as part…

Mohammed bin Rashid receives Swiss President

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(Dubai) - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, received President Ueli Maurer of the Swiss Confederation. While welcoming the visiting Swiss President, His Highness Sheikh…

NATO Defence Ministers' meeting on Afghanistan held

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(Brussels) - Matar Salim Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, has led the UAE's delegation to the meeting of the North Atlantic Treaty Organisation, NATO, Defence Ministers on its operations in Afghanistan under the ''Resolute…

Arab Environment Ministers Meeting held in Cairo

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(Cairo) - The 31st session of the Council of Arab Ministers Responsible for the Environment, was held at the Arab League's headquarters in Cairo. The UAE delegation was led by Jumaa Mubarak Al-Junaibi, UAE Ambassador to Egypt and its Permanent…

Japanese PM receives Hazza bin Zayed

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(Tokyo) - Japanese Prime Minister Shinzo Abe received H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, and his accompanying delegation, who are on an official visit to Japan. During the meeting, the…