Hoyle selected as new Parliament speaker

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(London) - British MPs voted for Labour lawmaker Lindsay Hoyle to be the next speaker of Britain´s parliament, replacing John Bercow, who has played a key and controversial role in the Brexit saga. Hoyle -- a Labour MP for 22 years and…

US notifies UN of withdrawal from Paris climate accord

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(Washington) - The United States on Monday formally notified the United Nations that it was withdrawing from the Paris climate accord, making the world´s largest economy the sole outlier from the agreement. Secretary of State Mike Pompeo,…

Saudi Aramco announces intention to offer IPOs on domestic stock market

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(Riyadh) - Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia, announced its intention to proceed with an initial public offering (IPO) on Riyadh's Tadawul Stock…

Maktoum bin Mohammed, WEF President discuss cooperation

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(Dubai) - H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, met with Borge Brende, President of the World Economic Forum. The meeting was attended by Mohammed bin Abdullah Al Gergawi, Minister of Cabinet Affairs…

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…

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…