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RAK records double-digit growth in visitor arrivals

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and initiates its domestic and overseas promotions, has revealed Ras Al Khaimah is on track to surpass its annual visitor target after the emirate’s hotels reported a 10 per cent year-on-year increase in international guest arrivals during the first six months ...

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Expo 2020 maps path for SMEs in F&B sector at BusinessConnect

DUBAI / WAM Expo 2020 Dubai’s highly successful BusinessConnect F&B session has marked the first step on the journey to Expo for small and medium sized enterprises, SMEs, in the food and beverage sector. The session, which saw more than 100 SMEs take part, outlined the food and beverage pathway and timeline, including encouraging them to sign up to the ...

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Trump’s credibility dealt blow by his son’s emails on Russia

Bloomberg President Donald Trump’s credibility took a sharp blow after his son released emails that directly contradict months of assertions that investigations of possible campaign collusion with Russia were nothing more than a partisan “witch hunt.” Just 173 days in office, Trump already has seen his political clout depleted by a stymied agenda in Congress and approval ratings consistently under ...

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Dubai SME, Souq.com launch e-commerce initiative for SMEs

DUBAI / Emirates Business Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding (MoU) with Souq.com to launch an e-commerce initiative for SMEs. Under the MoU, the two sides will work together to provide Dubai SME members with integrated e-commerce solutions comprising online product display, e-payment, ...

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Chinese internet clampdown hurts business: US group

Bloomberg China’s clampdown on the use of virtual private networks to circumvent the country’s internet controls risks disrupting businesses that depend on them for cloud services and data security. Besides using virtual private networks to gain access to websites like Facebook and Google blocked by China’s regulators, companies use VPNs to ensure speed and efficiency as they migrate more services ...

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Asia trade bellwether shrugs off politics for record results

Bloomberg Global demand for new smartphone models is driving Taiwan’s trade surplus and corporate revenues to record highs, underlining the strength of Asian trade even in the face of geopolitical jitters and rumors of protectionism. As a result, Taiwanese companies are posting record sales, a development they owe largely to an upswing in the global electronics industry. As Apple Inc. ...

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Uber sees financial growth, possible Waymo settlement

Bloomberg Uber Technologies Inc. tried to assuage investors’ concerns that a series of scandals were taking a toll on the business. It told them to expect improved bookings, narrower losses and a possible settlement with Alphabet Inc. that could resolve one of the company’s biggest legal hurdles. On a conference call with investors, Uber executives said gross bookings increased more ...

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Toyota turns to rental cars for boost in US market

Bloomberg As automakers in the US struggle to keep selling new cars to American consumers at a record clip, Toyota Motor Corp. plans to turn to rental car companies and other fleet operators for a boost. Toyota will nearly match last year’s total sales to fleet customers, which means the company has some catching up to do. Deliveries to rental ...

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Billionaires in Sun Valley hunt for next AT&T-Time Warner

Bloomberg At least one media mogul is expecting to see a lot more deals like AT&T Inc.’s $85.4 billion purchase of Time Warner Inc., and the seeds for such megamergers could be planted this week in a resort town in Idaho. Pay-TV providers and phone companies like AT&T are realizing they need exclusive programming to set themselves apart in a ...

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VP unveils AED5.5bn Dubai Food Park

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Dubai Creative Clusters Authority, launched Dubai Food Park, the latest addition to Dubai Wholesale City, which ...

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