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  Dubai / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai, has signed a Memorandum of Understanding (MoU) with RAKBANK, to facilitate financing for the small and medium enterprises, SMEs, in Dubai. The MoU will help eligible SME members secure financing at preferential interest rates, and discounted fees. The memorandum assists these SMEs in gaining ...

  The Hague / Emirates Business HE Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, and Dutch Minister of Economic Affairs Henk Kamp led the opening of a business forum on innovation and smart cities held at the FME Association’s headquarters in The Hague. The forum took place in time with the visit of the UAE economic delegation led ...

  WASHINGTON / AP President Donald Trump’s new immigration order will remove Iraq from the list of countries whose citizens face a temporary US travel ban, US officials say, citing the latest draft in circulation. Trump is expected to sign the executive order in the coming days. Four officials told The Associated Press that the decision followed pressure from the Pentagon ...

  Bloomberg Toshiba Corp. is sending letters soliciting offers for its memory chip business this week and seeking bids that value it at about 1.5 trillion yen ($13 billion), according to people familiar with the matter. The Japanese conglomerate is offering a majority stake in the chip unit and would be willing to sell the entire business, said the people, ...

  Bloomberg After years of disappointment, a quiet revolution may be underway in the Japanese stock market. Japan’s companies have for years sat on record piles of cash — the equivalent of $2.4 trillion in September, the most in the world. The issue has been deploying those funds for shareholder benefit. A key part of Abenomics has been sharpening the ...

  Bloomberg Australia’s smashing growth may not be quite as good as it seems. It’s clear that China’s renewed resource binge has brought back the good times for its commodity-driven economic satellite, emboldening Aussie households to ease up saving and ramp up spending. And the outlook for the world’s No. 2 economy looks like it will remain good for some ...

  Bloomberg China has ordered curbs on steel and aluminum output in as many as 28 northern cities during the winter heating season as it steps up its fight against pollution, according to people with knowledge of the matter. The cuts include halving steel capacity in four major cities, including top producer Tangshan in Hebei province, according to the people, ...

  Bloomberg The super-rich will continue to flock to London, despite the political and economic concerns around the UK’s intention to leave the European Union, according to a report published on Wednesday by property broker Knight Frank LLP. The number of ultra-wealthy people living in the UK capital is expected to climb by 30 percent to 6,058 over the next ...

  Bloomberg Blue-chip US companies are pulling back from borrowing just when investors most want to lend. Investment-grade corporate bond sales were below $100 billion in February, the worst February since 2014 and 14 percent below the monthly average for issuance for the last three years, according to data compiled by Bloomberg. Companies likely moved at least a portion of ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received on Tuesday at Zabeel Palace, President of Seychelles Danny Faure. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and ...