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Mohamed, Korean president fostering ties

Seoul / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Moon Jae-in of South Korea, on Wednesday explored the strategic cooperation relations between the two countries, prospects for developing them to serve their mutual interests, as well as regional and international issues of ...

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UAE-South Korea ink slew of deals, MoUs

Seoul / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Moon Jae-in of South Korea, on Wednesday attended the signing of a number of agreements and Memoranda of Understanding between the UAE and the Republic of Korea at the Blue House in Seoul. ...

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Gulf Craft reveals its strategic vision with six global premieres

Dubai / Emirates Business Gulf Craft, the Emirates pioneer builder of luxury yachts and leisure boats arrives at the 27th edition of the Dubai International Boat Show with a fleet of 12 vessels. The triple-deck Majesty 140, the biggest superyacht in Gulf Craft’s collection for this year’s show is a masterpiece that will capture all the attention. The award-winning Majesty ...

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Abu Dhabi attracts 10mn visitors in ’18

Abu Dhabi / WAM Abu Dhabi has welcomed 10.27 million international visitors in 2018, with the emirate also posting figures showing incredible growth over the last three years, powered by the addition of a host of world-class events and enhancements to all of its specialised tourism sectors, massive improvements to its infrastructure, and significant development of its cultural assets. The ...

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China-backed trade pact faces fresh hurdles amid Bali talks

Bloomberg A bid to kick-start a China-backed trade pact that would cover a third of the global economy is facing a fresh hurdle as upcoming elections across Asia and the Pacific threaten to stall progress on reaching a deal. With fallout from trade ructions between US and China endangering global growth, the Regional Comprehensive Economic Partnership (RCEP), is seen as ...

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Hong Kong cuts budget handouts with slowing economy in view

Bloomberg Hong Kong’s economic growth is forecast to slow this year as the city grapples with weaker property values and the fallout from US-China trade tensions, leading to a more modest range of budget handouts than last year. The economy will grow by 2 percent to 3 percent, Hong Kong Financial Secretary Paul Chan said, after the 3 percent pace ...

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AT&T defeats US bid to kill $85bn Time Warner deal

Bloomberg AT&T Inc. beat back another effort by the US to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc. The US Appeals Court in Washington said the Justice Department failed to establish that a lower-court judge made a clear error when he rejected the government’s case that AT&T should be ...

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US antitrust task force targets technology giants

Bloomberg US antitrust enforcers are zeroing in on technology giants following years of criticism that they haven’t done enough to rein in dominant internet companies like Alphabet Inc.’s Google and Facebook Inc. The Federal Trade Commission said it’s creating a task force led by senior competition officials and 17 staff lawyers to investigate potentially anticompetitive conduct by technology companies. It ...

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GE’s CEO tells investors cutting debt comes first in revamp

Bloomberg General Electric Co.’s new boss wants to reassure shell-shocked investors that he knows just how tough the past year has been — and that he has a plan to turn things around. In his first annual shareholder letter, Chief Executive Officer Larry Culp outlined his priorities as he tries to pull the iconic manufacturer out of a tailspin. After ...

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Imran Khan calls for dialogue after two Indian jets shot down

Bloomberg India said an air force pilot was missing after Pakistan said it had shot down two Indian fighter jets, as relations between the arch rivals worsened amid the possibility of a full blown war. India has yet to ascertain that the missing pilot is in Pakistan’s custody, said Raveesh Kumar, foreign ministry spokesman in a media briefing in New ...

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