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Dubai / WAM Dubai has once again improved its innovation performance climbing one spot to rank 14th among 30 global cities on the 3rd Dubai Innovation Index, outperforming major business destinations such as Berlin, Madrid, Shanghai and Sao Paulo. The findings of the latest Index were released by the Dubai Chamber of Commerce and Industry on the sidelines of the ...

SHARJAH / WAM Sharjah and the Netherlands committed to work more closely with each other and strengthen and expand trade ties even further. During a series of panels and debates at a round table event, members of the Sharjah FDI Office (Invest in Sharjah) and the Netherlands and BeNeLux Business Councils agreed that positive, practical steps will be taken to ...

Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that mass transit means in Dubai comprising the Metro, Tram, Buses, marine transport (Abra, Ferry, Water Taxi & Water Bus), and taxis (Dubai Taxi & franchise companies) had lifted 551.7 m riders in 2017 according to RTA’s Statistics ...

Bloomberg The founder of Zhejiang Geely Holding Group Co. has accumulated a stake worth about 7.3 billion euros ($9 billion) in Daimler AG, marking the biggest investment in a global automobile manufacturer by a Chinese company. Li Shufu acquired the 9.7 percent holding through Geely Group, a company owned by the billionaire and managed by his carmaking group, according to ...

Bloomberg India’s biggest exchange operator, which ended licensing deals with its global counterparts in an effort to rein in offshore derivatives, wants index compilers to stay out of the dispute. Vikram Limaye, chief executive officer of the National Stock Exchange of India Ltd., said in an interview that he is asking MSCI Inc. to tell its clients to not use ...

Bloomberg Some are handing out bonuses or raising pay, others are subsidising housing or upgrading mobile homes to include showers and central heating. Whatever they’re doing to attract or retain workers, British farmers are increasingly worried about a labour shortage. Brexit is delivering on at least one of the priorities for its ardent supporters as Europeans start to stay away ...

Bloomberg HP Inc., the world’s largest personal-computer maker, topped analysts’ revenue estimates with strong computer and printer sales during the holiday shopping quarter, maintaining its momentum even as the industry stagnates. The Palo Alto, California-based company notched its sixth consecutive quarter of revenue growth, buoyed by ­higher sales across all product lines in the period that ended on January 31, ...

Bloomberg YouTube is hitting the pause button on its Hollywood expansion. As Netflix Inc. and Amazon.com Inc. pour ever-larger sums into TV and movie production, Google is holding spending at current levels for its YouTube Red streaming service for the next two years, people with knowledge of the matter said. That’s leading producers to question the company’s strategy. Google often ...

Bloomberg As the newest cooperator for Special Counsel Robert Mueller, Rick Gates gives prosecutors a powerful weapon in pursuing former Trump campaign chairman Paul Manafort and possible election collusion with Russia. Gates, who pleaded guilty in Washington, was Manafort’s right-hand man and worked with him for a decade in his political consulting firm lobbying on behalf of Ukraine before joining ...

Fujairah / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered his condolences to the family of martyr Sergeant Ali Khalifa Hashel Al Mesmari, who died while carrying out his duties as part of the Saudi-led Arab Coalition’s ‘Operation Restoring Hope’ in support of ...