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PepsiCo registers record profits as snack sales up

  Bloomberg PepsiCo Inc. posted first-quarter profit that beat analysts’ estimates after North American snack sales rose, helped by price increases. Earnings were 89 cents a share, excluding some items, the Purchase, New York-based company said in a statement on Monday. Analysts estimated 81 cents, according to data compiled by Bloomberg. Sales fell 2.9 percent to $11.9 billion, matching analysts’ ...

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UAE Cabinet endorses council to enhance industrial sector

  Dubai / WAM The UAE Cabinet, chaired by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, endorsed the launch of the Industrial Coordination Council to boost the industrial sector in the country. The Industrial Coordination Council will be tasked with developing a national strategy to boost the industry sector in ...

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Mohamed bin Zayed receives calls from Afghan, Indonesian president

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday received a telephone call from President Joko Widodo of Indonesia and President Mohammad Ashraf Ghani of Afghanistan. During the course of the call, Sheikh Mohamed and President Joko Widodo discussed ways ...

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233 die in Ecuador quake

  Portoviejo / AFP Rescuers in Ecuador raced to dig out people trapped under the rubble of homes and businesses on Sunday, following a powerful 7.8-magnitude earthquake that killed at least 233. Vice President Jorge Glas called it the “worst seismic movement we have faced in decades.” President Rafael Correa said on Twitter that the death toll on Sunday had ...

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Abu Dhabi Tourism at IMEX Frankfurt seeks to boost biz

  ABU DHABI / WAM A delegation representing Abu Dhabi’s tourism industry is heading to Germany to participate in IMEX Frankfurt 2016, the award-winning trade show that promotes innovation in the Meetings Incentives Conferences and Exhibitions, MICE, sector. The show, which runs from April 19-21, is expected to draw thousands of exhibitors and key decision-makers from around the world to ...

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Dubai’s consumer price inflation rises to 1.6 %

  DUBAI / WAM The Inflation Rate in the Emirate of Dubai record 1.61% in the First Quarter of 2016 compared to the same period of 2015, according to a report released by Dubai Statistics Centre. The report attributed the increase in the prices of Education group by 4.83% where this group form 4.09% of total relative importance in the ...

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Doha oil talks drag on in dispute over Iran

  Bloomberg Talks in Doha between some of the world’s biggest oil producers on freezing production dragged on into the evening amid disagreements on the wording of the accord, in part to address Saudi Arabia’s insistence that Iran be included in any deal. As the summit in the Qatari capital continued more than eight hours beyond its initially scheduled conclusion, ...

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Al Tayer opens expo

  DUBAI / WAM Saeed Mohammed Al Tayer, MD CEO of Dubai Electricity and Water Authority (DEWA), said that DEWA realises the importance of developing future smart cities that make use of world-class infrastructure, to provide efficient and transparent government services around the clock. He was speaking at the opening of Schneider Electric’s 4th ‘Power to the Cloud’ Conference in Dubai.

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Al Tayer inaugurates Schneider Electric’s 4th ‘Power to the Cloud’ conference

  DUBAI / WAM Saeed Mohammed Al Tayer, MD CEO of Dubai Electricity and Water Authority (DEWA) said that DEWA realises the importance of developing future smart cities that make use of world-class infrastructure, to provide efficient and transparent government services around the clock, exceeding the expectations of the UAE’s citizens and residents, and improving their quality of life. He ...

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