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Dubai / WAM Dubai Investments Real Estate Company (DIRC), a subsidiary of Dubai Investments, has announced the completion of preparation work, including excavation and shoring works, for the first phase of its AED3 billion Mirdif Hills project, currently under construction in the Mirdif area of Dubai. The first phase of Mirdif Hills includes 1,054 apartments in its three components, Janayen ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) signed a memorandum of understanding (MoU) with Souq.com in a move designed to facilitate cooperation between the two entities and expand Chamber members’ access to the region’s e-commerce. Under the terms of the agreement, Dubai Chamber members can avail exclusive benefits offered by Souq.com, including free access to ...

Dubai / WAM Dubai Electronic Security Centre (DESC), signed an MoU with the University of Dubai to promote research in information security, telecommunications and information systems. The MoU was signed by Yousuf Hamad Al Shaibani, Chief Executive Director of DESC and Dr. Essa Mohammed Al Bastaki, Director of University of Dubai, in the presence of a number of representatives from ...

Bloomberg Russia’s cyberattack on the US electoral system before Donald Trump’s election was far more widespread than has been publicly revealed, including incursions into voter databases and software systems in almost twice as many states as previously reported. In Illinois, investigators found evidence that cyber intruders tried to delete or alter voter data. The hackers accessed software designed to be ...

Bloomberg Panama is opening diplomatic relations with China, the latest blow to Taiwan as Beijing’s leaders seek to isolate the self-governed island. Panamanian President Juan Carlos Varela announced the move in a national address. China is the second-biggest user of the Panama Canal and has played a key role in sectors from banking to telecommunications, he said, adding that Taiwan ...

Bloomberg India’s government has signaled it will press ahead with the roll out of a goods and services tax on July 1, pushing back against speculation it’s considering delaying the launch of one of its flagship reforms. “The rumors about GST implementation being delayed are false,” Revenue Secretary Hasmukh Adhia said in a Twitter post on Tuesday. “Please do not ...

Bloomberg Multinationals are in line for a windfall from President Donald Trump’s call to cut the tax rate on US companies’ stockpiled overseas earnings, but a select few would do better than others. Apple Inc. and Pfizer Inc. may enjoy an extra earnings bump because of their previous accounting maneuvers, while companies including Microsoft Corp., Merck & Co. Inc. and ...

Bloomberg General Electric Co. is unveiling software for boosting its machines’ productivity and streamlining repairs, alongside deals with Danish shipping line Maersk Corp. and French energy producer Dalkia SA. GE announced new software for power plants, drilling platforms and wind farms at an event in Berlin on Tuesday. The showcase for GE’s IT know-how comes a day after the Boston ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has attended the launch of the second edition of the Dubai Pulse Report. The report titled ‘Competitiveness and Resilience in a Changing World’ was prepared by the Executive Council of Dubai. HH Sheikh Ahmed bin Saeed Al ...

Dubai / WAM The Ministry of Finance (MoF), organised an introductory workshop on the ministry’s automated revenue matching system for employees from ministries and federal entities in Dubai. The workshop, which was attended by representatives of ministries and federal entities as well as a number of officials and directors of the departments in the ministry, aimed to explain the mechanism ...