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  Umm Al Quwain / Emirates Business The Government of Umm Al Quwain and Sobha Group, a leading luxury real estate developer, announced the launch of “Firdous Sobha”, an integrated world-class resort and residential island development in Umm Al Quwain. Aimed at setting new heights in destination living, the agreement will see the two parties collaborate to develop an island ...

BEIRUT / AP A wave of nighttime airstrikes hit a hospital in Syria supported by Doctors Without Borders and nearby buildings in the rebel-held part of the contested city of Aleppo, killing at least 38 people as the UN envoy for Syria appealed early Thursday on the US and Russia to help revive the peace talks and a cease-fire, which ...

  Tokyo / AFP Sony posted a $1.4 billion annual profit on Thursday, boosted by strong sales of its PlayStation console, but analysts warned that slowing smartphone demand could hit a lucrative business that makes key parts for mobile devices. The company’s full-year profit —only its second since the 2008 global financial crisis preceded years of eye-watering losses —may be ...

  Bloomberg German joblessness extended its decline, underscoring the strength of the labour market as Europe’s largest economy seeks to absorb a wave of refugees. The number of people out of work fell by a seasonally adjusted 16,000 to 2.706 million in April, data from the Federal Labour Agency in Nuremberg showed on Thursday. That’s the seventh consecutive drop, and ...

  Bloomberg Federal Reserve policy makers left open the door to raising interest rates in June by nodding to improvement in global financial markets and downplaying recent weakness in the U.S. economy. The Federal Open Market Committee omitted previous language that “global economic and financial developments continue to pose risks,” instead saying officials will “closely monitor” the world situation, according ...

  ATLANTA / AP Republican presidential candidate Donald Trump’s claim that Hillary Clinton is playing “the woman’s card” has drawn intense backlash, from the Democratic front-runner herself as well as tens of thousands of critics on social media. “If fighting for women’s health care and paid family leave and equal pay is playing the ‘woman card,’ then deal me in,” ...

  Jakarta / AFP Indonesia hopes next week to secure an agreement with Malaysia and the Philippines on conducting joint military patrols on the high seas where militants have been on a kidnapping spree, an official said on Thursday. The plight of hostages held by the Abu Sayyaf militant group could also be on the agenda when the foreign ministers ...

  DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) received a delegation from Masdar, Abu Dhabi’s multi-faceted renewable energy company, aimed at supporting DEWA’s efforts to enhance cooperation and exchange experiences in clean and renewable energy. The delegation included Mohamed Jameel Al Ramahi, CEO of Masdar, and Bader Al Lamki, Director ...

  Dubai / Emirates Business With Dubai set to hit the 100,000 rooms’ milestone next month across its expanding hotel and hotel apartment inventory, the city aims to firmly position itself as a top 10 global destination in terms of available hotel supply, indicating high demand from international travellers and sustained growth in tourism volumes. Over the next three years, ...

  DUBAI / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, launched the ‘Dubai 3D Printing Strategy’, a unique global initiative that aims to exploit technology for the service of humanity and promote the status of the UAE and Dubai as a leading hub of 3D printing technology by the ...