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DUBAI / WAM The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region. Titled “The Case for an Innovation Hub to Facilitate ...

DUBAI / Emirates Business Dubai Chamber of Commerce and Industry (Dubai Chamber) has supported Dubai’s high-end real estate sector through its sponsorship of LPS Beijing 2018, China’s leading invitation-only luxury property show. Dubai Chamber, which was a strategic partner for the three-day event, showcased an array of companies operating in Dubai’s elite property sector to affluent customers in the world’s ...

Hodeidah / WAM The Emirates Red Crescent (ERC), distributed 5,000 food parcels to Yemeni families across liberated towns and villages in Hodeidah in the past four days. This latest aid distribution benefited 35,000 individuals as part of the UAE-Saudi Arabia humanitarian assistance plan across Yemen’s Red Sea Coast. The UAE aid authority distributed 1,000 food baskets to Yemenis residing in ...

Dubai / WAM Jebel Ali Free Zone (Jafza), the region’s trade enabler and leading business hub, on Monday signed a cooperation agreement with the General Directorate of Residency and Foreigners Affairs (GDRFA) to further simplify existing visa procedures and improve customer experience. Under the agreement, the GDRFA will provide enhanced services to companies operating in Jafza and the National Industries ...

Bloomberg Germany’s Thyssenkrupp AG and India’s Tata Steel Ltd. reached a final agreement to set up a European steel company with equal share of ownership, more than nine months after signing a memorandum of understanding to establish the venture. The proposed name of the new company is Thyssenkrupp Tata Steel B.V., focussing on high-quality flat steel production, the companies said ...

Bloomberg Embedded in the sleek metallic and cypress interior of Takeda Pharmaceutical Co.’s new global headquarters in Tokyo are stylised Japanese characters for words like life, water and light. Melding futuristic design with traditional Japanese elements highlights the balancing act facing Chief Executive Officer Christophe Weber: showing he can honour the 237-year-old drugmaker’s Japanese heritage as he tries to complete ...

Bloomberg Evidence of new efforts by Kim Jong-un to expand his nuclear arsenal underscore the challenge facing US President Donald Trump three weeks after declaring that North Korea was “ no longer a nuclear threat.” Several reports released in recent days suggest that Kim continued to ramp up his weapons production — rather than prepare to disarm — in the ...

Bloomberg Dell Technologies Inc, the world’s largest private technology company, announced plans to trade publicly again, entering a new stage of a multi-year turnaround plan. The tech giant will return to public markets by subsuming its tracking stock, DVMT, in a cash and share-swap deal, Round Rock, Texas-based Dell said in a filing on Monday. The shares, currently worth about ...

Bloomberg Eclipsed by Brexit headlines, the most puzzling economic problem facing Britain is back in the limelight. Abysmal productivity growth has plagued the UK for a decade, sapping its underlying strength and undermining wage growth. Countless explanations and solutions have been proffered, and now the debate is raging again after a proposal that fixing it be made one of the ...

Bloomberg Tesla Inc. reached a milestone critical to Elon Musk’s goal to bring electric cars to the masses — and earn some profit in the process — by finally exceeding a long-sought production target with the Model 3. By building more than 5,000 of the sedans in the last week of the second quarter, Tesla “just became a real car ...