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LONDON / WAM The UAE Ministry of Economy (MOE) announced the launch of the second edition of ‘Doing Business in the UAE’ guide. The guide was launched in London with the support of the Ministry of Economy and in partnership with the Institute of Export and International Trade. It covers basic information about the country and how individuals can start ...

Abu Dhabi / WAM The AED 50 billion economic stimulus package approved by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Chairman of Abu Dhabi Executive Council, to accelerate economic growth over the next three years for Abu Dhabi, was cited by the ‘Middle East — Entrepreneur’, ...

Dubai / Emirates Business HE Mariam bint Mohammed Almheiri concluded her trip to Singapore that included government visits to explore prospects of cooperation between the two countries in terms of food security, as well as ways to facilitate the exchange of knowledge, international best practices and governance, in the lead-up to the launch of the UAE National Strategy for Future ...

Bloomberg General Electric Co. is working with bankers on a possible sale of its power-conversion business, people familiar with the matter said, as the fallen manufacturer attempts to regain its footing by slimming down. The unit formerly known as Converteam could fetch about $1.5 billion, below the $3.2 billion GE paid for the assets in 2011, said the people, who ...

Bloomberg State-owned Indian Oil Corp. posted a 50 percent jump in quarterly profit as the margin for converting crude into fuels more than doubled. Net income climbed to 68.3 billion rupees ($992 million) in the quarter ended on June 30, from 45.5 billion rupees a year earlier, the company said in a stock-exchange filing. That compares with the 53.3 billion-rupee ...

Cairo / Emirates Business The Emirates NBD Purchasing Managers’ Index (PMI) for Egypt, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the Egyptian private sector. Commenting on the Egypt PMI survey, Daniel Richards, MENA Economist at Emirates NBD, says, “The positive PMI reading for the first month ...

Bloomberg Samsung Electronics Co. unveiled the Galaxy Note 9 in New York, banking on the larger-screen device to rejuvenate sales of a struggling flagship line and fend off Apple Inc.’s upcoming iPhones over the holidays. The 6.4-inch screen Note 9 will start at $999.99 and max out at $1,249.99 — becoming, at about $100 above the iPhone X’s upper limit, ...

Bloomberg Beijing Bytedance Technology Co Ltd., the startup behind hit Chinese news aggregator Jinri Toutiao, is seeking to raise as much as $3 billion in a funding round that is mostly targeting US investors, a person familiar with the matter said. The fast-growing company held meetings with potential investors for a financing that could value Bytedance at as much as ...

Bloomberg Dada-JD Daojia has raised $500 million from existing backers JD.com Inc.and Walmart Inc. to quicken the growth of its delivery network across China. The logistics company said it intends to use the funds to invest in supply chain technology and serve merchants on its platform, which connects scooter-riding drivers in about 400 cities with about 1.2 million online merchants ...

Bloomberg More than 54,000 people were moved to safer ground in the Philippine capital and nearby provinces, while calls for help swamped social media as monsoon rain triggered floods reminiscent of Typhoon Ketsana, which killed hundreds of people in Metro Manila in 2009. Marikina City implemented forced evacuations affecting at least 21,000 people after its river, the catch basin of ...