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DUBAI / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), has launched the ‘DAFZA’s Strategy for Islamic Economy’ which is based on strategic initiatives involving the Islamic economy and halal sectors. The strategy will help attract more foreign direct investments (FDIs) to the sectors and support the ‘Dubai – Capital ...

Dubai / WAM The Real Estate Investment Management and Promotion Centre, the investment arm of Dubai Land Department (DLD), has concluded its real estate roadshow and workshops in the United Kingdom. London was the last destination in the real estate roadshow, which aimed to promote Dubai’s real estate market and attract British investors. The roadshow, which earlier visited the Russian ...

Bloomberg President Donald Trump will declare China a “strategic competitor’’ to the US in a speech that lays out an official national security strategy heavily influenced by his views on trade and economic relations, senior administration officials said. The language, as described by the officials, appears softer than the label used by National Security Adviser H.R. McMaster, who last week ...

Bloomberg Many of the cargo containers passing through India’s busiest port in Mumbai have a small piece of Japan Inc. attached: Devices from NEC Corp. that can be tracked as the containers rumble through the interior of Asia’s third-largest economy. The partnership between NEC and the port illustrates the strengthening relationship between Tokyo and New Delhi. Japan is seeking growth ...

Bloomberg Coffee trading is slowing in Vietnam, the top robusta producer, on expectations that a larger harvest and changes to the London futures contract next year will give buyers bigger discounts. Roasters and traders are delaying purchases on bets that a bigger crop currently being gathered will push prices lower, according to traders attending the Asia International Coffee Conference in ...

Bloomberg UK Prime Minister Theresa May will set out her plan for how a proposed Brexit transition period will work, stoking a potential new row with the European Union as she tries to keep different factions inside the Conservative Party on her side. May was expected to address Parliament around 3.30 pm London time on Monday, saying that after March ...

Bloomberg Oracle Corp. agreed to buy Aconex Ltd., an Australian company that makes cloud-based collaboration software for construction projects, for $1.19 billion cash as it pushes deeper in to new markets to gain more customers. The deal values Aconex at A $7.80 per share. Aconex shares surged 44 percent to A$7.63 at 11:09 am in Sydney trading. Oracle has been ...

Bloomberg China’s top smartphone makers are ready to challenge Apple Inc. on its home turf after trouncing the iPhone maker in their own market. Huawei Technologies Co. and Xiaomi Corp. are in talks with US wireless operators about selling flagship smartphones to American consumers as soon as next year, according to people familiar with the matter. The handset makers are ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that ministerial work is a responsibility and serving as a minister is a national mission that requires dedication and hard work, in which the minister leads his or her team offering an exemplary model and a source of ...

Dubai / WAM Sultan Ahmed bin Sulayem, DP World Group Chairman, and CEO and Chairman of Ports, Customs and Free Zone Corporation (PCFC), on Sunday inaugurated TEKNO 2017 exhibition at the Dubai International Convention and Exhibition Centre (DICEC). Bin Sulayem toured the exhibition and also interacted with exhibitors to know more about their products, technologies and services on offer. “TEKNO ...