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Dubai / WAM Mohammed bin Rashid Space Centre (MBRSC) signed a Memorandum of Understanding with DP World, aimed at developing an organizational framework on means of cooperation and coordination, and the exchange of information, scientific data and expertise, and human resources consistent with the UAE’s strategy and public interest. According to the MoU, MBRSC will assess and provide current and ...

Dubai / WAM A gathering of global technology leaders at this week’s Internet of Things Expo (IoTX) at Dubai World Trade Centre (DWTC) believe a combination of hyper connectivity, supercomputing, cloud computing, smart technologies and cyber security will make the Internet of Things (IoT) sector the single largest market opportunity for global businesses by the turn of the decade. “IoT ...

Bloomberg Tata Steel Ltd., part of India’s biggest conglomerate, said a slump in global prices has forced it to consider selling its U.K. business, a decision that threatens to accelerate the demise of Britain’s steel industry. Global oversupply, high manufacturing costs and rising steel exports mean trading conditions in the U.K. and Europe have “rapidly deteriorated,” Mumbai-based Tata Steel said ...

Bloomberg Russia is nearing a decision to double dividends paid by state-owned companies on last year’s profit as the government struggles to cover a widening budget deficit, according to an official at the Federal Property Management Agency. A draft decree on the proposal to raise the payout to a minimum of 50 percent of net income from 25 percent has ...

Bloomberg Norway’s unemployment rate jumped to the highest in more than a decade as a slump in oil prices weighs on an expansion in western Europe’s biggest crude producer. The surveyed unemployment rate jumped to 4.8 percent in January, the highest since at least the start of 2006, from a revised 4.6 percent the previous month, according to Statistics Norway. ...

BRUSSELS / BLOOMBERG Euro-area economic confidence fell to the lowest level in more than a year just as the European Central Bank deployed fresh stimulus to spur growth and quash the threat of deflation. An index of executive and consumer confidence slumped for a third month, declining to 103.0 in March from a revised 103.9 the previous month, the European ...

Bloomberg When it comes to predicting the result of Britain’s EU membership referendum, the telephone surveys showing a lead for the “Remain” side are probably closer to the mark, despite their flaws, according to a study. Polls conducted online that suggest the race is too close to call and those done by phone are all missing important data, but the ...

Emirates Business The International Centre of Islamic Economy headquartered at the Dubai Airport Freezone Authority (DAFZA) officially launched on Wednesdaythe digital portal of the ‘Oasis of Innovation in Islamic Economy’, concurrently with the groundbreaking of the first global oasis dedicated to incubating creative ideas and entrepreneurial projects in support of the international Islamic economy. His EminenceDr. Abdulrahman Bin Saleh Al-Atram, ...

RITIKA SHARMA / Emirates Business A huge fire which nearly destroyed buildings in the Ajman One residential cluster on Monday night left residents devastated after losing everything from important documents to a place to stay. Misconceptions and pre-conceived notions, regarding home and content insurance, made things difficult for those who were affected by the fire. In wake of the incident, ...

Sunaina Rana / Emirates Business UAE- based retail operator Marka has launched its first ever home-grown e-commerce venture in collaboration with the Souq.com. The new venture would be primarily focusing on the fashion and the sportswear for the Saudi Arabia. Enhancing its appeal to the retailers, Saudi Arabia is the base for the fastest and the youngest growing consumer market ...