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  Bloomberg UK Chancellor of the Exchequer Philip Hammond said he understands the risks posed to Britain’s financial industry by the vote to leave the European Union and the importance of limiting the fallout on banks. ”It is important Britain maintains its status as a great place for financial services,” Hammond said in a statement. “The government stands ready to ...

  Bloomberg Australia’s economy expanded at the fastest annual pace in four years, driven by a surge in public investment to build roads and railways and continued strength in resource exports. Gross domestic product rose 0.5% in the second quarter from the previous three months, when it grew by a downward revised 1%; economists estimated 0.6% gain. The economy expanded ...

  Bloomberg Palm oil inventories in Malaysia probably fell to the lowest since 2011 as demand for the vegetable oil used in everything from instant noodles to detergents surged in countries including India and China. Inventories fell 7.9 percent to 1.63 million metric tons in August from a month earlier, the lowest since March 2011, according to the median of ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday toured the 15th Cityscape Global real estate exhibition which began on Tuesday at Dubai World Trade Centre and will conclude on September 8. Some 272 exhibitors from more than 30 countries (68 percent from the ...

  Dubai / WAM Dubai South and Expo 2020 Dubai are collaborating at this year’s Cityscape Global to showcase the legacy that will be generated by the Expo and how it forms a part of the residential lifestyle opportunities for thousands of individuals within Dubai South in the run up to, and post, the mega-event. The Expo 2020 site in the ...

  Dubai / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance, and Chairman of Dubai Municipality, approved the awarding of a AED1 billion contract for the construction of the Mohammed bin Rashid Library, the biggest cultural project in the Arab world. Construction work will commence in September 2016 and be completed by ...

  Abu Dhabi / WAM The Ministry of Economy recently organised a workshop to discuss the terms of the Trade Facilitation Convention of the World Trade Organisation (WTO) and its implementation in relation to international trade. Organised at the Ministry’s office in Abu Dhabi, the workshop was attended by representatives from the Abu Dhabi Global Market, Dubai Silicon Oasis Authority, Dubai ...

  Bloomberg The minister in charge of trade in Finland says there’s a real risk global advances are reversed amid a geopolitical shift that threatens to kill jobs and undermine prosperity. For a small country like Finland — a euro member that shares the European Union’s longest border with Russia — the picture is “very dark,” Kai Mykkanen, foreign trade ...

Beirut / AFP Despite major setbacks including the loss of access to the Syria-Turkey border and the assassination of several top leaders, the IS group remains a potent force, analysts warn. The increasing pressure on IS, including Turkey’s decision to launch an operation against it in northern Syria, has seen the organisation lose ground at an unprecedented pace. But the extremist ...

  Abu Dhabi / Emirates Business Mental health and ergonomics will be among the key sessions at an Abu Dhabi worker health protection conference this month, as Middle East occupational hygiene professionals obtain fresh insights into a shifting regional dynamic of workplace hazards. The 3rd BOHS Worker Health Protection Conference, co-organised by The Chartered Society for Worker Health Protection (BOHS) ...