Bloomberg Britain shed jobs at the fastest pace in almost 2 1/2 years between August and October in a sign that the labour market is slowing. The number of people in work fell by 56,000, the most since the period through May 2015, the Office for National Statistics said. The decline exceeded the median forecast of economists. Pay growth accelerated, …
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Bloomberg Dixons Carphone Plc surged the most in more than three years as the company’s plans to revamp its struggling mobile-phone unit won over investors. The UK electronics retailer’s shares rose as much as 8.7 percent in London after the company said it planned to reduce the capital intensity of the division, a move that suggests store closures or that …
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Bloomberg The engineers of the Jeep Wrangler had a conundrum: How do you redesign one of the most iconic SUVs on the road to survive tougher fuel economy standards without abandoning the brick-like shape that’s essential to its appeal? At first glance, the styling of the next-generation Wrangler doesn’t appear to have changed all that much. But a bend here …
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DUBAI / WAM The pharmaceutical market in the United Arab Emirates is expected to grow from AED9.61 billion in 2016 to AED14.11 billion by 2020, driven by increased healthcare expenditure, mandatory health insurance, and growing medical tourism. This was stated by the participants in the Pharmaceutical Research & Man-ufacturers Association Gulf Forum (PhRMAG 2017), being held under the patronage of …
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Abu Dhabi / WAM ADNOC IPO was a tremendous success and drew a very strong response from investors, according to Rashed Al Baloushi, CEO of Abu Dhabi Securities Exchange. In statements to WAM, Al Baloushi said a total of 12,000 investors from 73 nationalities participated in the subscription, with final allocations hitting approximately 90 percent for qualified investors and 10 …
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DUBAI / WAM The UAE Ministry of Finance (MoF) has joined forces with a global fintech conference series to drive innovation, growth and investment in financial, banking and payments technology in the Middle East. The strategic partnership with Finovate Middle East was announced by Younis Al Khouri, Undersecretary of the Ministry of Finance, at an announcement event held in Dubai …
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Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Abu Dhabi Food Control Authority (ADFCA), on Tuesday officially opened SIAL Middle East 2017, the region’s fastest growing business trade event for the food, drink and hospitality industries. The conference is being held under the strategic …
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Dubai / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received on Tuesday former French president Francois Hollande, on the sidelines of the now-running Arab Strategy Forum 2017. Also present during the meeting were HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of …
Read More »Sharjah / WAM The Environment and Protected Areas Authority (EPAA), issued 200 fines to combat environmental violations, most of which are related to littering. The campaign is a result of the EPAA’s drive to educate and guide visitors on the necessity of adhering to the law, which seeks to preserve the environment and prevent littering to keep it clean. Hana …
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Dubai / WAM Nigeria has announced its participation at the Expo 2020 Dubai. The confirmation was delivered by Mohammed Dansanta Rimi, Ambassador of Nigeria to UAE, to HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Expo 2020, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group. Expo 2020 Dubai will be the ideal platform …
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