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  Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality inaugurated the Meteorological Radar project, which was launched by the Municipality in the field of Geodetic Survey. The project is implemented as part of the development of the early warning system for weather forecasting and monitoring of climate change and its impact on all regions of the Emirate of Dubai. ...

  Bloomberg China is breaking out its mouthpieces — and wallet — as it seeks to soothe investors in the face of tighter financial market regulations. The central bank-run Financial News urged stock investors not to overreact to tougher regulations in front-page commentary on Wednesday. The monetary authority will prevent swings in liquidity from exceeding tolerable levels, the official Xinhua ...

  Bloomberg Raja Mukherji, head of Asia credit research at Pacific Investment Management Co., has turned less bullish on the region’s dollar bond market, as record offerings raise the risks presented by weaker borrowers. “We don’t have a table-pounding buy on Asian credit today like we did last year, especially not for high-yield bonds,’’ said Mukherji. Asia dollar bond valuations ...

  Bloomberg India’s notoriously unreliable property developers have been put on notice: clean up your act, or you could end up in jail. Under the laws, developers have to use at least 70 percent of sale proceeds to complete residential projects, rather than funnel money to other jobs, and will no longer be allowed to start pre-selling apartments before all ...

  Bloomberg Hong Kong’s Securities and Futures Commission plans to look more closely at corporate asset valuations, according to Chief Executive Officer Ashley Alder. Assets such as coal mines or residential property are valued by independent appraisers and their conclusions are used to justify prices paid by companies. It’s time for a “fresh look” at the issue, Alder said at ...

  Bloomberg Auto workers may be getting some extra time off around Independence Day, but they won’t be celebrating. They’ll know it means sales are weak and that profits — and profit-sharing checks — could be shrinking. Manufacturers used to shut plants for a week or two in July for maintenance and to keep inventories in check. As sales boomed ...

  Bloomberg You can’t blame a homeowner in Fresno, California, for viewing the thriving metropolis to its northwest with both envy and dismay. While San Francisco home values have surged since the recession, Fresno’s housing market is stuck in a rut. Less than 3 percent of homes in the city and its environs have returned to their pre-recession peak, according ...

  Abu Dhabi / WAM The UAE pays significant attention to its indigenous heritage, following the steps of its late founding father, Sheikh Zayed bin Sultan, who instilled a passion for local heritage and national treasures among Emirati citizens. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces ...

  Abu Dhabi / WAM UAE Minister of Foreign Affairs and International Cooperation HH Sheikh Abdullah bin Zayed Al Nahyan met He Lifeng, Chairman of the National Development and Reform Commission of the People’s Republic of China, to discuss possibilities for joint co-operation. HH Sheikh Abdullah, who is on a state visit to China, emphasised the UAE’s determination to strengthen ties ...

  Dubai / WAM The Dubai Chamber of Commerce and Industry (DCCI), announced plans to open a new representative office in Buenos Aires, Argentina, which will become the chamber’s second office in Latin America. The announcement came during a meeting between Argentina’s Vice President, Gabriela Michetti, and a high-level delegation from Dubai. The delegation visited the country as part of ...