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‘UAE leading hub for int’l pharma companies’

Emirates Business During the 21st Dubai International Pharmaceuticals and Technologies Conference and Exhibition (DUPHAT), HE Dr. Amin Hussein Al Amiri, Assistant Undersecretary for Public Policy and Licensing of the Ministry of Health & Prevention and Vice Chairman for Supreme National Drug Registration and Pricing Committee, has underscored the UAE’s status as one of the leading global hubs for major international ...

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Emirates Photography Competition announces shortlist for 9th Edition

Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) has revealed that more than 2,000 entries and 42 portfolios have been shortlisted for the ninth edition of the Emirates Photography Competition, one of the most important professional photography competitions in the world. Winners will be announced at a glittering awards ceremony to be held in ...

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London could lose Euro trading if UK leaves EU

London’s future status as the financial capital of Europe is a key factor in the debate about whether the UK should leave the European Union. It would be a mistake for either side of the argument to underestimate quite how aggressively London’s competitors would attempt to wrest trading revenue away from the UK capital should the June 23 referendum vote ...

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Why China has so much trouble with change

Economic reforms are much like New Year’s diet resolutions: easily announced and easily forgotten. So perhaps it shouldn’t be surprising that the pronouncements that have emerged from China’s National People’s Congress — pledges to slash overcapacity, open up the financial system, accept lower growth — echo unfulfilled promises from previous Party gatherings. Still, China prides itself on being different. The ...

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Buzzing Hong Kong’s declining port heralds a grim future

A little more than a decade ago, Hong Kong was the world’s busiest port. Giant vessels competed to get into the city’s berths, waiting to load and unload containers filled with goods manufactured just over the border in China’s factory towns. Back then, Hong Kong still expected that its freewheeling commercial culture could change China for the better. And trading ...

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Dollar rallies into Fed meeting; Oil rises, stocks remain stable

BLOOMBERG The dollar extended its best run of gains in a month and oil rallied before the Federal Reserve’s policy review on Wednesday that may shed light on the timing of U.S. interest-rate increases. America’s currency climbed versus the yen after Bank of Japan Governor Haruhiko Kuroda said the Asian nation’s key rate could theoretically drop to minus 0.5 percent. ...

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Emirates Securities Market down by -0.66 percent

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.66% to close at 4443.67 points. Accordingly the Market Capitalization has lost AED 4.81 billion attaining AED 720.82 billion. A total of 0.59 Billion Shares were traded with a total value of 0.84 Billion AED during the trading session of 16-03-2016 through 8618 transactions. The number of companies which ...

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Air Freight mkt makes solid start to 2016

Geneva / Emirates Business Global air freight markets in January has shown a good rise in freight tonne kilometers (FTK) of 2.7 percent compared to January 2015. This continues the improving trend witnessed toward the end of 2015, and is the fastest pace since April of last year, said the International Air Transport Association (IATA) in its recently released data. ...

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Casino seeks 2nd-round bids for Vietnam unit

Bloomberg French retailer Casino Guichard-Perrachon SA plans to soon seek second-round bids for its Big C grocery chain in Vietnam, people with knowledge of the matter said. Casino aims to ask for binding offers in the coming weeks, according to the people, who asked not to be identified as the information is private. Japan’s Aeon Co. was among several parties ...

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Cebu Pacific unveils new cabin crew uniform

Manila / Emirates Business The Philippines, no doubt, is full of vibrant hues and even more colorful people. Azure skies and aquamarine waters are complemented by the bright, sunny personality of Filipinos. Cebu Pacific Air, the Philippines’ largest airline, has unveiled new cabin crew uniforms that are inspired by these unique traits that we do so love about the country. ...

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