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Sharjah / WAM­­­­­ His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has allocated AED4.5 million to purchase the latest publications of the participating publishers at the 37th Sharjah International Book Fair (SIBF 2018). The gesture is a continuation of HH’s constant approach to support the book industry and publication houses with the ...

Dubai / WAM The Dubai Land Department (DLD), announced that the real estate brokerage commissions reached AED842 million during the first nine months of 2018. Brokers contributed to concluding 18,121 transactions in that period, the Department added. A report issued by the Department of Real Estate Studies and Research at DLD shows that brokers earned AED429 million from land sales, ...

ABU DHABI / WAM The UAE will on Sunday launch the Unified Customs Strategy, announced Ali Al Kaabi, Customs Commissioner and Head of the Federal Customs Authority. Al Kaabi said the strategy aims to support the country’s security and customs systems, maintain community security and stability and improve the UAE’s rankings in the international competitiveness indexes. He stated that the ...

ABU DHABI / WAM The 4th International Conference on Future Mobility (ICFM), will be held in Abu Dhabi on Tuesday, featuring a world-class team of experts in the automotive industry and technologies. More than 450 experts and professionals are expected to represent more than 175 government and private institutions from 18 countries at the event. The conference and its accompanying ...

Bloomberg Exxon Mobil Corp. and Chevron Corp. delivered their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude. Both companies reported double-digit production increases in the Permian Basin, the shale region in Texas and New Mexico that’s propelling total US oil output to an all-time high. ...

Bloomberg Sounds like Suncor Energy Inc.’s top executive is getting tired of analysts asking questions about lagging Canadian oil prices. On the company’s earnings call, Steve Williams was met with a slew of inquiries about how Western Canadian crude’s growing gap to US barrels is affecting his company. His answer: For the most part, it’s not. That’s a response he ...

Bloomberg Alibaba Group Holding Ltd. adopted a cautious tone on the outlook for the global economy even as signs emerged of a possible end to a US and Chinese trade war. China’s largest e-commerce company reported quarterly earnings well above analysts’ estimates, while also trimming its prediction for full-year sales by as much as 6 percent. Shares slid as much ...

Bloomberg Zhou Hongyi made a savvy move this year when he shifted his company listing to Shanghai from New York. The February switch added $12 billion overnight to his fortune. The 48-year-old chairman of 360 Security Technology Inc. has since experienced the downside of listing in China, after stocks tumbled on concerns about a US trade war and a slowing ...

Bloomberg As China’s push for clear skies sends the world’s biggest steel industry hunting for better quality iron ore, suppliers in India are ramping up capacity to cater to the growing export market, according to the local unit of Moody’s Investors Service. Indian producers of iron ore pellets — a less polluting form of the mineral that can be fed ...

Bloomberg Vietnam is proposing to allow international Internet companies such as Alphabet Inc.’s Google and Facebook Inc. one year to comply with a controversial cyber law that goes into effect on January 1 and requires them to open local offices and store data of Vietnamese users in the country. The Ministry of Public Security posted a draft decree on its ...