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Dubai Customs attains new ISO in customer satisfaction

Dubai / WAM Dubai Customs added an accolade to many accreditations and unprecedented achievements it has by attaining the ISO 10004:2012 customer satisfaction standard. Ahmed Mahboob Musabih, Director of Dubai Customs received the certificate from Tuv Intercert, the international independent certification group. ISO 10004:2012 standard provides guidance in defining and implementing processes to monitor and measure customer satisfaction. Identification of ...

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Abu Dhabi Post Offices attract higher number of customers

Abu Dhabi / WAM Abu Dhabi Post Offices, which fall in the 1st Postal Zone of Emirates Post, continue to attract hordes of customers as it offers over 70 postal and non-postal services. Operating since 1963, the Abu Dhabi Central Post Office is a hub for government services, such as those of Immigration Department and Emirates Identity Authority. The most ...

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Cityland gets AED524 million funding for Dubai mall project

Dubai / Emirates Business Cityland Group on Tuesday announced a major financing milestone for the $330 million flagship retail project — Cityland Mall — from a consortium of banks consisting of Emirates NBD as the lead bank and Burgan Bank from Kuwait. The loan, which totals $142.74 (AED524mn) million in value, will be utilized for covering the ongoing project cost ...

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Court rebukes EPA for shelving Obama-era methane regulation

Bloomberg A US appeals court rebuked the Environmental Protection Agency for unilaterally suspending Obama-era methane emissions regulations while the regulator reviewed the rule. The Washington-based panel’s 2-1 majority called the EPA’s move both unauthorized and unreasonable. It granted a request from six environmental groups to allow the rule to remain in place. The decision is the latest blow to the ...

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Chad seeks delayed repayments on Glencore-led oil loans

Bloomberg Chad is seeking to delay repayment of more than $1 billion of Glencore Plc-led oil-for-cash loans after crude prices plunged, the second time the African country has looked to restructure the debt in two years, according to people familiar with the matter. Glencore has approached the banks that supported the deal to start talks, while Chad has already appointed ...

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EON’s old nuclear money spinners are now just a big hassle

Bloomberg An EON SE nuclear plant that made billions for the German utility is now losing money. Essen-based EON is battling repeated delays to production at its Brokdorf reactor that has cost the company more than 100 million euros ($114 million) since halting in February, Almut Zyweck, a spokeswoman for EON’s nuclear unit, said by email. Brokdorf, a 1.4-gigawatt reactor ...

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Oil halts longest winning streak this year

Bloomberg Oil snapped its longest run of gains this year as OPEC output rose amid a boost from members exempt from supply cuts. Futures slid 0.5 percent in New York after advancing almost 11 percent the previous eight sessions. OPEC production in June climbed to the highest level this year because of increases from Libya and Nigeria, which aren’t bound ...

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Slowing inflation restrains India’s robust growth record

Bloomberg India’s economy is struggling to recover its strong growth record, beset by record low inflation, a widening output gap, and short term uncertainty from the introduction of a uniform sales tax. That will build pressure on the Reserve Bank of India to jettison its neutral monetary policy bias adopted just five months ago, setting the scene for lowering interest ...

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Samsung plans $18bn of new investments in chip production

Bloomberg Samsung Electronics Co., the world’s biggest maker of memory chips, announced 20.4 trillion won ($18 billion) of new investments to expand semiconductor output in South Korea. After spending 15.6 trillion won on its Pyeongtaek plant south of Seoul, total investment in the facility will rise to 30 trillion won by 2021, it said in an statement on Tuesday. The ...

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Court freezes LeEco assets over late debt payments

Bloomberg LeEco is trying to resolve a dispute with one of China’s largest banks over unpaid interest on debt, a spat that’s prompted a Shanghai court to freeze 1.24 billion yuan ($182 million) of assets held by the tech conglomerate and its billionaire founder Jia Yueting. The ailing firm’s disagreement with China Merchants Bank Co. arose over loans to a ...

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