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DUBAI / WAM Hospitality professionals from every corner of the world will gather in Dubai on Sunday for the opening of Arabian Travel Market, (ATM 2019), the largest travel industry exhibition in the Middle East. Identifying the top tourism trends showing the greatest growth potential is one of the most valuable insights Arabian Travel Market has to offer, and this ...

Dubai / WAM The total value of contracts provided by Dubai SME – the agency of the Department of Economic Development in Dubai mandated to develop the small and medium enterprises, SME, sector — for Government Procurement Programme (GPP), members amounted to AED860 million ($234 million) in 2018. The value was AED1.5 billion in 2017, 44.5% higher than the AED857.76 million ...

Bloomberg President Donald Trump urged Japan to drop its tariffs on American agricultural products as he met PM Shinzo Abe, who for now appears to have deflected the most damaging of US demands on trade. Trump pushed for the end of the Japanese agricultural levy, while not directly mentioning past threats of sanctions on automobiles. For his part, Abe raised ...

Bloomberg Sony Corp said its operating profit will likely fall this year and pulled its financial forecasts for most divisions because of substantial uncertainty in their operations. Operating profit will be 810 billion yen ($7.3 billion) in the year ending in March 2020, down from last year’s 894 billion yen and below the 843 billion yen average of analyst estimates ...

Bloomberg Tata Steel Ltd said it has extinguished all fires at its plant in Port Talbot after reporting an incident at the mill in South Wales. The company said emergency services were assisting its workers and two employees were slightly injured when there was a spillage of liquid iron while it was travelling to the steel plant, according to posts ...

Bloomberg Thailand suffered a rare combined drop in tourist arrivals and spending in March, signalling a rocky first quarter for Southeast Asia’s second-largest economy. The number of visitors fell 0.7 percent from a year ago to 3.5 million, official figures and data compiled by Bloomberg show. Foreign tourism receipts slid 1.3 percent to $5.8 billion. Tourism is critical for Thailand ...

Bloomberg China Evergrande Group, a property developer that has ambitions to dominate the global electric-vehicle industry, has approached two Dutch truck-and-bus makers about possible acquisitions, according to people familiar with the matter. The group, headed by China’s third-richest man, has reached out to Paccar Inc’s DAF Trucks NV and closely held bus manufacturer V DL Groep BV, the people said, ...

Bloomberg Best World International Ltd plunged to its lowest in six months after activist short seller Bonitas Research published a report questioning the company’s accounting and sales. The Singapore-based firm has overstated sales and profit in China, Matthew Wiechert’s Bonitas said in the report, which was based on on-the-ground research on the Chinese mainland. Bonitas believes that Best World’s “Chinese ...

Bloomberg President Donald Trump’s re-election hopes have always hinged on supercharging the US economy, and data showing faster than expected growth provided him a boost just as he prepares to ramp up his campaign. Trump heralded the Commerce Department report that gross domestic product rose at a 3.2 percent annual rate in the first quarter of 2019 — describing it ...

Bloomberg PG&E Corp., the California utility giant that filed for bankruptcy in January, is falling behind on some deadlines for inspections, repairs and tree-clearing work designed to reduce wildfire risks in Northern California this year. The state’s largest utility said circumstances beyond its control, such as a rainy winter and permitting requirements, were making it difficult to inspect some of ...