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Bloomberg With job creation seen as his government’s biggest failing, Prime Minister Narendra Modi replaced both ministers in charge of employment. Their successors face an uphill task. India will have the world’s biggest labor force by 2027 and the millennial generation is crucial to anchor one of the fastest paces of economic growth. However fresh employment opportunities are scarce and ...

Bloomberg The state assets regulator in China’s Hubei province has asked companies backed by the province and their subsidiaries to suspend new property investments from September 5 amid a push to reduce financial risks, according to people familiar with the matter. The State-owned Assets Supervision and Administration Commission in Hubei has also asked province-backed companies to accelerate the construction or ...

Bloomberg Hyundai Motor Co. halted production at a plant in China on Tuesday after a supplier stopped delivery of parts for air-intake systems, suspending operations for the second time in three weeks in its biggest market. The China-based supplier, partly owned by a German company, has refused to deliver the parts since the weekend because of delayed payments from the ...

Bloomberg Google’s search service may be banned in China but parent Alphabet Inc. is hunting for workers in a further sign it has ambitions in the world’s biggest internet market. At least 20 positions based in Beijing are advertised on the company’s careers site, spanning engineering and marketing to product managers. Multiple listings are shown in the field of machine ...

Dubai / WAM Dubai-based master developer Nakheel is gearing up to unveil a diverse range of projects, with a collective value of collectively more than AED3.2 billion, at Cityscape Global 2017 next week, with the launch of six new residential, retail and hospitality developments at four of its communities in Dubai, including its world-famous flagship master development, Palm Jumeirah. The ...

Dubai / WAM The Roads and Transport Authority (RTA) has revealed that the total number of passengers lifted by public transport and taxicabs in Dubai during Eid al-Adha holiday has topped 5,454,714. “The RTA has lifted 5,454,714 passengers during Eid al-Adha holiday, where the number of Metro riders reached 1,829,356 passengers; with 1,177,502 passengers carried on the Red Line compared ...

Abu Dhabi / WAM A total of 561 cyberattacks against government, semi-government and private sector entities in the UAE were foiled by the Telecommunications Regulations Authority during the first half of the year, according to TRA statistics. The attacks stymied during the first six months of the year account for 53% of total offensive maneuvers foiled throughout 2016, which reflects ...

Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) and TUI Group brought a group of travel and tourism journalists from the Ukraine to the UAE capital to highlight Abu Dhabi’s leisure attractions to the Ukrainian market. TUI Group, one of the leading tour advisors in the region, liaised with TCA Abu Dhabi in promoting ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (RAKEZ) announces its sponsorship of the 3rd annual Free Trade and Special Economic Zone Summit set to take place from September 13-14 in Shanghai Marriott Hotel City Centre, China. The two-day event is one of the major international business summits, which is expected to gather over 300 senior executives ...

Dubai / WAM NMC Health announced that it has been promoted to the UK’s leading FTSE 100 index. The company has emerged as the first Middle Eastern company to be listed on the prestigious index, which is made up of the top 100 companies listed on the London Stock Exchange with the highest market capitalisation, indicating strong results and a ...