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DP World offers young Emiratis 100 job opportunities

Dubai / Emirates Business Young Emirati nationals aspiring to pursue a career in trade and logistics will have access to more than 100 training and development opportunities at DP World’s pavilion during the 16th Careers UAE 2018 exhibition in Dubai. Roles cover multiple disciplines, including operations, engineering, commercial, planning and administration. Training and placement opportunities are rolled out under a ...

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GE opens engine service centre in Dubai

Dubai / WAM GE Aviation has opened its ‘On Wing Support Centre’ in Dubai South’s Aviation District Aerospace Supply Chain Facility, marking the expansion of the company’s engine repair services in one of the world’s leading aviation hubs. GE has been operating its On Wing Support Centre with Emirates Airlines since 2013, providing 24/7 full-service repair solutions for all GE ...

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MaK Middle East opens new workshop at DMC

DUBAI / Emirates Business MaK Middle East LLC, a Caterpillar company established in 2017, announced the opening of its new workshop in Dubai Maritime City to provide product support services in the Middle East region for Caterpillar’s MaK, CM and EMD branded medium speed engines. The new workshop will cater to customer needs for high quality factory after-sales support in ...

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Inflation, trade war talk spark rush to ETFs that will benefit

Bloomberg Fears of inflation and the possibility of a global trade war have rattled financial markets recently, sending cash flooding into exchange-traded funds that stand to benefit and out of those that likely will be hurt. Investors poured a record $334 million into the Vanguard Materials ETF, ticker VAW. At the same time, they pulled $96 million from the Vanguard ...

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Tata Sons raises $1.38 billion after upsizing its TCS offering

Bloomberg Tata Sons Ltd., the holding company for India’s biggest business group, raised $1.38 billion after upsizing its offering of Tata Consultancy Services Ltd. stock, people with knowledge of the matter said. Tata Sons priced its sale of Tata Consultancy shares at about 2,872 rupees apiece, the bottom of a marketed range, according to the people, who asked not to ...

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Google to help bring order in India’s address chaos

Bloomberg Google’s wants to help users in India get around—no mean feat given the country’s often byzantine address system. The Alphabet Inc.-owned search giant unveiled an open-source project that aims to make sense of the chaos of India’s hyper-growth cities: a shifting warren of hidden alleys, ever-changing landmarks and missing street signs. Called Plus Codes, it’s a location-based digital tagging ...

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Samsung in talks for multi-year cobalt deal

Bloomberg Samsung C&T Corp., an affiliate of the world’s biggest smartphone maker, is in talks for a multi-year deal to buy cobalt from a Congolese miner, joining Apple Inc. in the global rush to secure supplies of the metal at the heart of the electric-car boom. Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine ...

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Ride-hailing giant Grab gets into old-school financial services

Bloomberg After gaining success in ride-hailing, Grab co-founder Anthony Tan is pushing his startup into a new challenge: catering to those under-served by traditional financial institutions in Southeast Asia. Tan, together with GrabPay Southeast Asia Managing Director Jason Thompson, laid out his vision as the company tries to become a major financial services platform in the region. Grab, once an ...

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Vedanta soars after record dividend

Bloomberg Vedanta Ltd. rallied after India’s biggest base metals producer announced a record dividend worth $1.2 billion, potentially helping its London-listed parent pare debt. Vedanta, owned by billionaire Anil Agarwal, reversed from a loss to climb as much as 2.1 percent in Mumbai, while Vedanta Resources Plc surged 2.9 percent in London, after its board approved 21.2 rupees a share ...

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To feed 1.4bn, China’s top food company goes global

Bloomberg China’s largest food company is open to partnering with its competitors as it seeks to meet its biggest challenge: feeding the world’s most-populous country. “We will make sure we have a strong global supply chain to serve our goal in the China market and food security in China,” Cofco Corp. President Patrick Yu said in a Bloomberg Television interview ...

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