Monday , April 23 2018

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Dubai sees record 15.8 million international overnight visitors

Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) on Sunday released its Annual Visitor Report 2017, providing an in-depth cross-sector analysis of the emirate’s tourism performance last year, as well as an overview of future activities, campaigns and strategies as Dubai progresses towards its goal ...

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Preparations on track for inaugural edition of Abu Dhabi International Boat Show 2018

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (ADNEC) has revealed its preparations for the hosting of the inaugural edition of the Abu Dhabi International Boat Show (ADIBS), which will be held from October 17-20, at the Abu Dhabi National Exhibition Centre. The show is presented as a ...

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DED-DFZ Council deal to facilitate business for free zone entities

Abu Dhabi / Emirates Business The Department of Economic Development (DED), in Dubai signed a memorandum of understanding (MoU), with the Dubai Free Zones (DFZ), Council to facilitate business operations for free zone based companies. The collaboration is driven by the shared commitment of the two entities to reinforce Dubai ...

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Summit tackles sustainability challenges facing global community

Dubai / WAM The Sustainable Communities and Climate Change Summit (SCCCS), was held on Sunday, under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to provide a dedicated platform to discuss major regional and international issues ...

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North Korea to close nuclear site, suspend missile tests

Bloomberg North Korea has achieved its goal of developing a nuclear arsenal and is suspending further tests of atomic weapons or intercontinental ballistic missiles, its state-run media reported, citing leader Kim Jong-un. Kim said the regime’s nuclear test site will be shuttered, according to the Korean Central News Agency (KCNA). ...

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US hints at China truce as world warns on ‘trade war’

Bloomberg US Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Mnuchin said he’s “cautiously optimistic” of reaching an agreement with China that bridges their differences over trade. “A trip is under ...

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China firms have never been this reliant on foreign revenue

Bloomberg When China released its key economic indicators, the statistics agency was quick to highlight how the country’s domestic consumption had propelled growth in the first quarter, offsetting external risks as trade tensions escalate. Yet for the country’s publicly listed companies, foreign business has never been so important. The percentage ...

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EU reiterates demand for waiver from US tariffs as clock ticks down

Bloomberg A top European Union official reiterated the bloc’s demand for a permanent exemption from the US’s steel and aluminum tariffs, as a temporary reprieve is set to expire on May 1 and fears mount that escalating trade tensions could threaten the global economy. European Commission Vice President Valdis Dombrovskis ...

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Netflix surges as users shrug off higher prices

Bloomberg Netflix Inc. used to worry it would alienate customers by raising prices for its streaming service. Not anymore. The company posted its strongest first quarter since going public 16 years ago, despite raising prices for most of its customers over the past several months. Los Gatos, California-based Netflix added ...

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Icahn, Deason step up Xerox battle with new investor letter

Bloomberg The acrimonious fight over the future of Xerox Corp looks set to worsen after two of its largest shareholders, activist investor Carl Icahn and Darwin Deason, released a report alleging widespread corporate governance failures in the way the company negotiated its $6.1 billion sale to Fujifilm Holdings Corp. In ...

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