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Bloomberg Further evidence that Brexit is deterring EU workers emerged in figures published on Tuesday. The number of EU nationals working in the UK in the three months through June plunged by 86,000 from a year earlier to 2.28 million, the biggest decline since records began in 1997, the Office for National Statistics said. The 3.6 percent drop was driven ...

Bloomberg Vienna has ended Melbourne’s seven-year reign as the world’s most liveable city, according to the Economist Intelligence Unit. The Austrian capital scored a near perfect score of 99.1 out of 100 in the index, whose criteria include stability, healthcare and the environment. Cities in Australia and Canada took six of the top 10 spots, with the US again missing ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued Emiri Decree No. 02 of 2018 amending the UAE Cybercrimes Law. According to the Decree, Article Nos. 26, 28 and 42 of Federal Decree-Law No. 05 of 2012 on Combatting Cybercrimes will be replaced with updated provisions. Article No. 26 stipulates an imprisonment period of at ...

Dubai / Emirates Business Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, reported a net profit of AED1.82 billion ($496 million) during the first six months (January to June) of 2018, an increase of 68 percent compared to AED1.08 billion ($294 million) during the same period last year. Revenue for first six months of the year ...

AMMAN / WAM Ways of developing cooperation between the UAE and Jordan were the main topic of discussions at a meeting between the UAE Ambassador to Jordan Mattar Saif Sulaiman Al Shamsi and the Chairman of theJordanian-Emirati Brotherhood Committee Samir Abdul Hadi, at the embassy’s premises in Jordan. During the meeting, the two sides discussed means of enhancing aspects of ...

Abu DHABI / WAM The number of projects funded by the Khalifa Fund for Enterprise Development (KFED) reached 1,364 projects in 2017, of which 27 percent are industrial projects while the total value of funding approved by the fund exceeded AED1.6 billion since its establishment in 2007. In an interview with the Emirates News Agency (WAM), Abdullah Saeed Al Darmaki, ...

RAS AL KHAIMAH / WAM The Ras al-Khaimah Chamber of Commerce and Industry announced that the number of certificates of origin issued during the first six months of the current year reached 13,900 while the total value of exports by its members reached AED4.2 billion during the same period. Dr Ahmed Rashid Al Shamaili, Assistant Director-General of the Commercial Services ...

Dubai / Emirates Business As the Middle East accelerates its digital transformation and Smart Cities growth, regional data center spend will reach a record-high of $5 billion by 2020, industry experts announced ahead of GITEX Technology Week. Middle East and North Africa data center spend to reach a record high of $5.1 billion by 2020, increasing by 8.5 percent from ...

ABU DHABI / WAM The relations between the UAE and Norway have witnessed increasing development, in line with their strong bilateral ties over the past decades with the value of their trade exchange reaching around $639.9 million in 2017, compared to $326.7 million in 2016, according to Ministry of Economy’s Trade Policy Review Report. The value of imports from Norway ...

SHARJAH / WAM Gulftainer, the world’s largest privately owned independent port operator based in the UAE, will host a ceremony to commence the construction of the Saja’a Permanent Access Road. The company’s AED11 million investment in the road extension aligns with its objective to play a key role in driving Sharjah’s economy. The highway will extend over two kilometres to ...