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Mohamed greets Indian vice president on Republic Day

  New Delhi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received at his residence in the Indian capital New Delhi Mohammad Hamid Ansari, the Vice President of India. The two sides discussed bilateral ties between the United Arab Emirates and India, stressing on the ...

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UAE, India creating future, says Hazza

  Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, congratulated the people of India and its leadership on the occasion of the country’s “Republic Day” on January 26. He also mentioned India’s important place in the hearts of all Emiratis, as well as the UAE’s importance in the hearts of ...

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Burj Khalifa to light up in Indian tri-colour

  Dubai / Emirates Business Global developer Emaar Properties joined the UAE in celebrating India’s 68th Republic Day celebrations with a spectacular illumination of the iconic Burj Khalifa with the colours of the Indian national flag. The visual expression of the tri-colours underlined the solidarity of the UAE and its people with India, with which the nation shares strong cultural ...

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Saudi Aramco shelves plans for Malaysia venture

  Reuters Saudi Aramco has shelved plans for a multi-billion-dollar refining and petrochemical joint venture with Petronas in Malaysia, industry sources familiar with the matter told Reuters on Wednesday. The Refinery and Petrochemical Integrated Development (RAPID) at Pengerang in the state of Johor in southern Malaysia was to have had a 300,000-barrel-per-day refinery and petrochemical complex with a chemical output ...

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China brands taking over Indian smartphone sector

  Bloomberg Chinese smartphone brands led by Vivo have muscled out local rivals in India with increasingly stylish yet affordable devices, challenging Samsung Electronics Co. for supremacy in the world’s fastest-growing major phone market. Chinese labels occupied four of the top five spots in 2016’s final quarter, shoving aside Micromax and Intex, according to a Counterpoint Research report released. Samsung ...

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Taiwan expansion picks up as exports counter slower spending

  Bloomberg Taiwan’s economy, which began 2016 in contraction, concluded it on the strongest footing in almost two years as stronger trade activity helped offset weakness in consumption. Gross domestic product rose 2.58 percent in the fourth quarter from a year earlier, preliminary data from the statistics bureau showed on Wednesday. That compared with a median estimate of 2.85 percent ...

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S Korea’s growth slows amid political turmoil

  Bloomberg South Korea’s economy expanded at the slowest pace in more than a year in the fourth quarter as a political scandal engulfing impeached President Park Geun-hye and conglomerates including Samsung Group hurt consumer confidence and spending. Construction investment fell as the government took steps to curb household debt and property market overheating in some areas. Gross domestic product ...

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Year of the Rooster waking up China’s palm oil demand

  Bloomberg As China welcomes the Year of the Rooster this week, bets that a recovery in Asian palm oil production will drive prices lower may be something for consumers to crow about. While high prices may keep Chinese buyers on the sidelines in the first part of the new year, an expected surge in supply later in 2017 in ...

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Vietnam factories optimistic despite Trump snub

  Bloomberg Vietnamese clothing maker NhaBe Garment Corp. had a lot riding on the Trans-Pacific Partnership. The supplier to brands such as Calvin Klein, Michael Kors and Kenneth Cole has seen its exports more than doubled since 2011 to $729 million last year — and it increased its factories two-fold to 35, betting on a big drop in tariffs from ...

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China’s metals curb plan risks shortages in alumina

  Bloomberg China’s proposal to halt some metals production to fight air pollution over the winter would create shortages of alumina but have a more limited impact on aluminum supply, according to China’s top industry body, which has been consulted on the plan. The proposal involves an alumina suspension in three provinces that would affect about a fifth of the ...

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