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Mubadala group hires over 760 talented UAE nationals

ABU DHABI / WAM The Mubadala Investment Company on Monday announced that it has recruited over 760 Emiratis, including 12 people of determination, to join its group of companies this year. According to a statement released by the group, the major recruitment drive is part of the company’s ongoing “Train for Work” programme, which was initiated last year to support ...

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‘Establishing MBZUAI critical for global future’

ABU DHABI / WAM The youngest IBM Watson developer in the world has said that the UAE’s establishment of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), is “absolutely critical.” The artificial intelligence (AI) expert from Canada, Tanmay Bakshi, told the Emirates News Agency (WAM), “I feel this is an absolutely critical step to take,” adding that he was ...

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Dubai DED issues 4,057 new licenses in September 2019

DUBAI / WAM In a sign of continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors, the Dubai’s Department of Economic Development (DED), issued 4,057 new licenses for various professional, commercial, industrial and tourism activities in September. According to the Business Registration and Licensing (BRL), sector in DED, 65.2% of the new licences were professional, 33.2% ...

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ADFD hosts lecture on sustainable development funding

Abu Dhabi / Emirates Business In line with its priority to raise awareness about the importance of sustainable development funding, Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, hosted a lecture at Al Ain University (AAU). Drawing the participation of AAU students and faculty, the lecture outlined the Fund’s role in promoting sustainable development ...

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Trump seeks to alter course after self-inflicted missteps

Bloomberg Donald Trump will try to turn the corner this week after one of the most calamitous stretches of his presidency but heads into that next phase weakened by self-inflicted missteps that have left him on the defensive. Trump had aimed to use a partial trade deal with China and a US-brokered ceasefire in northern Syria to change the subject ...

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Taiwan-HK spat raises doubts about murder suspect’s surrender

Bloomberg The man at the centre of a Taiwan murder case that sparked months of violent protests in Hong Kong wants to turn himself in. But first Hong Kong and Taiwan must stop feuding over how that happens. Officials in Taipei have accused Hong Kong of playing politics by trying to get rid of a man accused of murdering his ...

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Syria shows risks of US withdrawal for Europe

Bloomberg Asked if the European Union hadn’t exposed its impotence during Turkey’s recent military offensive inside Syria, French President Emmanuel Macron was blunt in his response: “I share your outrage.” More than any other recent foreign policy challenge, the way that Turkey’s “Operation Peace Spring” against the Kurds unfolded has exposed the potential reality of a post-transatlantic world: The EU’s ...

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‘Japan must inform public about China threat’

Bloomberg Japan should rethink its rejection of offensive weapons, a senior US military officer said in Tokyo, while the US Coast Guard chief warned of China’s “antagonistic” behaviour in disputed waters. There needs to be a discussion between the government of Japan and the public about the threats that are out there, said the US military officer, who spoke to ...

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Trudeau poised for weakened mandate as Canada votes

Bloomberg Canadian Prime Minister Justin Trudeau was all set to retain power in a close election on Monday but lose his parliamentary majority, forcing him to rely on a left-leaning party to survive a second term. A Trudeau victory would avert an historic collapse for the Liberal leader who was elected four years ago on a wave of optimism and ...

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Berlin freezes housing rents in plan to tackle cost spiral

Bloomberg Berlin’s governing parties struck a deal to freeze rents for five years, marking one of the most radical plans to tackle spiraling housing costs in a major city and hitting the shares of major apartment owners. The German capital’s aggressive efforts to clamp down on rent increases have sparked interest in cities from Amsterdam to New York. While renters’ ...

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