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Dubai / WAM The Dubai Multi Commodities Centre (DMCC), announced the dates for the upcoming Dubai Diamond Conference. The fourth edition of the conference will take place on September 26, at the Almas Conference Centre in Dubai. The one-day event will gather global industry professionals to discuss the impact of technological innovation on the diamond industry, its supply chain, and ...

Abu Dhabi / WAM Nawah Energy Company (Nawah), the subsidiary created by Joint Venture partners Emirates Nuclear Energy Corporation (Enec), and Korea Electric Power Corporation (Kepco), to operate, maintain the Barakah Nuclear Energy Plant, on Monday signed a Long Term Maintenance Services Agreement (LTMSA), with Korea Hydro and Nuclear Power (KHNP), supported by Kepco Plant Service and Engineering (KPS). Under the scope of ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, among the early adopters of social media in the region, completes a decade of his presence on Twitter this June. To commemorate his decade-long presence on Twitter, a book featuring a collection of tweets by Sheikh Mohammed ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy (MoE), issued a ministerial decision approving the status of Economic Concentration in the UAE market for the upcoming acquisition of Careem – one of the leading start-ups established in the UAE – by global company Uber. Under the Competition Law No. 04 of 2012 and the Executive Regulation ...

Bloomberg Thailand is already struggling to cope with the environmental impact of a tourism boom that’s expected to lure 40 million visitors this year. The influx is on course to hit 65 million a decade from now, signalling an even bigger challenge ahead. Southeast Asia’s second-largest economy plans to pour about $13 billion into expanding airport capacity and connecting major ...

Bloomberg Bosideng International Holdings Ltd shares fell the most on record after a short seller report questioned the company’s accounting practices. Hong Kong-listed Bosideng overstated its revenue and profit, according to a note published on Monday by Bonitas Research. The stock fell as much as 28 percent before being suspended. Bosideng said in a statement that the report contains “untrue ...

Bloomberg Chinese consumers are buying more bananas from abroad than ever before as an increasingly health consciousness middle class helps propel the fruit’s popularity. Imports of bananas surged to a record 227,199 tons in May, according to China’s general administration of customs. That helped lift total shipments of fruits and nuts to 720,000 tons, an almost 8-fold increase from the ...

Bloomberg Indian banker Rana Kapoor’s family is planning to sell a stake in their six-year-old mortgage finance company, people with knowledge of the matter said, as rising wariness in the credit market erodes growth prospects of shadow finance firms. The family office run by the three daughters of the Yes Bank Ltd co-founder is working with Nomura Holdings Inc on ...

Bloomberg For nearly a decade, Tata Group has been Inditex SA’s partner running Zara stores in India. Now, the country’s largest conglomerate is building its own apparel empire as trend-focussed as Zara — but at half the price. Its retail arm, Trent Ltd, has fine-tuned its local supply chain to deliver “extreme fast fashion” which can get runway styles to ...

Bloomberg A consortium led by Fosun International Ltd is in talks to acquire a majority stake in GV Gold PJSC, a Russian gold miner backed by BlackRock Inc, according to people familiar with the matter. Fosun is considering teaming up with partners including Zhaojin Mining Industry Co for a joint offer, the people said, asking not to be identified as ...